Changes in credit markets since the pandemic have had an important influence on monetary policy transmission. Lower bank funding costs relative to the cash rate, narrower lending rate spreads, and increased business cre…
For the better part of a century, gold price discovery has been London’s domain. A handful of banks. Mostly paper contracts. A time zone already deep into its afternoon when Asia’s trading day begins.
The U.S. Securities and Exchange Commission (SEC) delivered a landmark decision on September 30, 2025, formally approving the Texas Stock Exchange (TXSE). This pivotal move greenlights the creation of a new national sec…
The Colombo Stock Exchange (CSE) of Sri Lanka has announced its decision to shorten its current settlement cycle from T+3 to T+2 for all equity transactions, a move aimed at aligning with international standards.
Finance, at its heart, is the movement of capital. It is the art of channeling idle assets to where they can generate the most value. From this perspective, the history of financial markets is, in essence, a history of …
The need for high-quality, extensive market data coverage is increasing, given markets’ complexity and interconnectedness. Market data coverage quality can be examined across the following dimensions: breadth, depth, gr…
Nowhere are the markets changing so rapidly as in fixed income, the asset class that sits at the foundation of the financial system. And nowhere do asset owners and investors need more help to come out ahead.
Legislative amendments to MIFIR (Updated MiFIR) and MIFID (Updated MiFID) have been published in the Official Journal. The texts were introduced by the European Commission in November 2021 (see our briefing here). The m…
The First-tier Tribunal’s (FTT) decision in HMRC v Professional Game Match Officials Ltd [2026] UKFTT 654 (TC) (PGMOL) sits within a long line of employment status cases.
Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago.
As he steps back from his role as CEO at CBOE Canada, the avowed change-maker highlights the issues he thinks stakeholders in Canadian capital markets need to address