FIA PTG sent a comment letter to the SEC today detailing concerns with the Transaction Fee Pilot for National Market System stocks. FIA PTG told the Commission that data gathered from the pilot will not only fail to provide insight into the order-routing behavior of those handling customer orders, but could also be easily misinterpreted.
“A big part of bringing this to Chicago is the technical talent available in the city,” said Groothuis. “Chicago has a really strong technical community, particularly in the financial world, across a pretty broad range of different financial companies and activities.”
While the new law lessens rules on a large number of U.S. banks, it stops short of eliminating much of Dodd-Frank. Most of that law’s core provisions remain intact, and the new law’s language is primarily aimed at helping smaller community banks, while preserving stricter rules for the biggest banks on Wall Street.
The advisory from the Commodity Futures Trading Commission focuses on a set of best practices for launching cryptocurrency derivative contracts. It says exchanges should have the ability to monitor underlying cryptocurrency spot markets, have a plan for coordinating with federal regulators, and reach out to market participants to solicit comments on a pending contract launch.
TradingView, one of the largest investing communities on the web, announced the close of a $37M Series B financing in a round led by Insight Venture Partners, with participation from Jump Capital and DRW Venture Capital. TradingView will use the capital to expand its valuable software product suite and to continue its rapid international growth.
Two of the biggest U.S. stock-exchange operators have accused the Securities and Exchange Commission of exceeding its legal authority with a proposal to limit the rebates they pay traders
With exchanges reportedly making billions, JPMorgan and Goldman Sachs cannot afford to miss the crypto boat
“All of a sudden #Chicago is kind of a crypto capital https://t.co/k4S3iwfPYY via @crainschicago”