Shanny Basar
Senior writer
Latest From Shanny Basar

Trade, Tariffs, Turmoil Dominate Commodities Derivatives
Tariffs, trade realignments and macro uncertainty have redrawn the commodities map. At SGX Commodities Day in London, market participants converged on a central question: where is real price discovery, liquidity and risk transfer happening when th...
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Goldman Sachs Focuses on Spinning Out Tokenization Platform
Goldman Sachs is aiming to spin-out its tokenization platform, GS DAP, from its digital assets business in the middle of next year. Mathew McDermott, head of digital assets at Goldman Sachs, described tokenization as the “topic du jour” at the Di...
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BlackRock Explores Tokenizing ETFs
Laurence Fink, chairman and chief executive of BlackRock, said tokenization is one of the most exciting areas of growth in financial markets. The fund manager envisages a future where investors can use a digital wallet to allocate across crypto, s...
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LMAX Digital Traded Over $2bn at the Weekend
LMAX Digital, part of LMAX Group, a regulated marketplace for foreign exchange and digital assets, traded over $2bn during the weekend as an estimated $19bn in leveraged positions were liquidated, the largest in crypto history. Jenna Wright, mana...
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Proliferation of ETFs May Squeeze Balance Sheets
Moves by the U.S. Securities and Exchange Commission in the exchange-traded fund market, which are likely to lead to a proliferation of new products, have led to concerns that the balance sheets of authorized participants may become constrained. ...
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Institutions Move Beyond Bitcoin in CME’s Crypto Complex
CME Group is launching options on solana and XRP futures on 13 October 2025 after average daily volume in cryptocurrency derivatives reached a record in the third quarter of this year. The group reported record cryptocurrency average daily volum...
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Bank of England “Well Advanced” in Stablecoin Regulation
Sasha Mills, executive director of financial market infrastructure at Bank of England, said the UK central bank is well advanced in developing the detailed regulatory framework for stablecoins. A stablecoin is a type of cryptocurrency which aims t...
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Firms That Do Not Meet T+1 Will Not Survive
The European Union, UK and Switzerland are due to cut their securities settlement cycle by one day to the day following a trade, T+1, and there were warnings that firms that do not meet this standard are likely to go out of business. Andrew Dougl...
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