The companies, products and regulatory developments shaping the broker industry.
A reconstruction of the SEC’s dated findings separates daily risk detection, a sharp fund loss and delayed escalation. The same order identifies distinct affiliate-transaction and distribution-notice failures.
Swiss ETFs traded CHF14.003bn, but combined Swiss and Spanish turnover declined 11.6% from September; BME’s securitised-derivative growth came from a much smaller base.
The 30 October clearing notice extends the challenge process from ETF agents to authorised participants, with written explanations and a planned 23 November start.
Flow Traders reported €84.5 million of Q3 net trading income and €6.4 million in net profit, far below the preceding quarter, despite stronger year-to-date traditional market making.
The partnership will connect versioned ETF and index inputs to risk workflows. Its value lies in preserving the right constituents for the right date.
The fund receives an exemption from normal diversification requirements. BIT’s risk disclosure also permits temporary borrowing to meet liquidity shortages, potentially lifting exposure to 125% of net assets.