From The Markets

A trader intended to sell a $58m basket of equities but created a $444bn basket which was sent to an algo.

Press releases and contributed fintech and institutional trading content from external sources.

The settlement cycle for the U.S. securities market will reduce on 28 May 2024.

The note informs how counsel may approach a legal opinion on the enforceability of collateral arrangements.

The sandbox approach has the benefit of allowing the use of a more flexible rulebook.

The share of U.S. investment grade bonds traded electronically is closing in on 50%.

The addition of corporate bonds and MBS on BrokerTec Quote creates a holistic product suite.

From The Markets

HKEX Enhances Swap Connect

The access programme linking Hong Kong & mainland China’s interbank IRS markets launched in May 2023.

SIX Digital Exchange said this marks an advancement in institutional adoption of digital assets.

Vanguard S&P 500 ETF gathered $7.6bn, the largest individual net inflow.

Mintzberg replaces Michael Sonnenshein at the crypto asset manager.