U.S. regulators want to make it easier for companies to complete swaps trades, responding to industry complaints that postcrisis rules have hurt market liquidity.
“CFTC chairman Chris Giancarlo has confirmed that he will not stand for re-election, will retire next April at the end of his term. @giancarloCFTC @CFTC Read more here: https://t.co/0CVDS4ln5o”
"The real investors want to trade large size without moving the price, to be able to hide their intentions from high-frequency traders. The high-frequency traders want to be able to respond rapidly to information about supply and demand. Most of what you can do to make your venue appealing to real investors -- making it less continuous, less informative, so that less information about their intentions is available -- makes it less appealing to high-frequency traders. Which is fine! Unless you want your real investors to be able to trade. "
"Market makers do not have an opinion on whether the price of the product should go up or down. They make money on the difference between the bid and ask price - the spread. When a market-maker trades on either side of the spread, they take a position in the market which is a risk. They will try and find a way to offset that risk by, for example, hedging that position with a different product."
Once the space matures, Nasdaq would consider becoming a digital currency exchange, according to the company's CEO.
“Paul Hamill, Global Head of FICC at Citadel Securities, discussed the implications of the 10-year U.S. Treasury yield topping 3% for the first time since 2014 with @bsurveillance.
Gemini, the bitcoin exchange founded by Cameron and Tyler Winklevoss, has teamed up with Nasdaq to beef up its defenses against market manipulation.
“This is a United States Federal Reserve Bank tweeting positively about #bitcoin. Wth is going on?! https://t.co/ntSUksLWbl”