JP Morgan fined almost $350 million for reporting inadequacies across ‘billions of instances of trading activity’
Office of the Comptroller of the Currency (OCC) is ordering the bank to correct the deficiencies before onboarding new trading venues.
Office of the Comptroller of the Currency (OCC) is ordering the bank to correct the deficiencies before onboarding new trading venues.
The total member count has now grown to 70, including 21 Austrian and 49 international banks and securities firms.
Landmark pilot from Digital Asset’s Canton Network involving 45 organisations across 22 permissioned blockchains invited participants across 45 organisations to try 22 dApps to exchange tokenised securities, money market funds, and deposits across applications.
Banking giant joins the likes of Citi, Northern Trust, Standard Chartered and a number of buy-side institutions in leveraging the fintech’s platform for onboarding and maintenance of custody, broker trading, and buy-side accounts.
Acquisition will allow the Neovest OEMS to offer hedge fund clients integrated execution, order, and portfolio management services through a unified platform.
The first-of-its-kind benchmark data on the true cost of settlement inefficiency released by Firebrand Research shows some alarming statistics including how much the industry spent at the peak of volatility in 2021.
Two individuals are set to take on newly expanded roles after both joining Redburn Atlantic from the buy-side in 2004 and 2021 respectively.
FlexOMS has been deployed across JonesTrading’s equities and electronic trading business units, alongside being the full-service technology platform for its outsourced trading offering.
The news follows JP Morgan’s appointment of two new co-heads of its markets division in January.
Launching this week, the platform will provide clients with a real-time view of cash balances and positions.