Following the recent dismissal of the so called ‘Flash Boys Case’ made against exchanges for favouring high frequency traders, Annabel Smith explores how Michael Lewis’ original novel has shaped the market... and why it drove asset managers to take legal action.
The past week saw appointments from Coinbase, Citi, UBS, Tradeweb, the SEC and Newton Investment Management Group.
New commissioner has been sworn into the position after serving at the SEC in a variety of roles since 2006.
The Commission claims the new requirements will enhance efficiency, transparency and operational resiliency, while also making data more accessible to the public.
SEC chair, Gary Gensler, addressed deficiencies in the US trading system and provided recommendations to update key aspects of national market system rules including improving minimum tick sizes, best execution and order-by-order competition.
US markets watchdog has thrown out claims from the exchange that its proposed new rules around market data put incumbent venues at a disadvantage and harm the markets.
The past week saw appointments from HKEX, Citi and the SEC.
US regulator has significantly increased the size of its cyber workforce, driving forward chairman Gary Gensler’s crusade to regulate trading in digital assets.
Gensler spoke on the importance of reforming fixed income markets, while providing recommendations to increase transparency, modernise platforms and enhance financial resilience.
Bill Hwang and other executives have been arrested and charged by federal officers for their roles in a “fraudulent scheme” that created a “$36 billion house of cards”.