Articles
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3 weeks ago |
risk.net | Luke Clancy
Wall Street will have the opportunity from 2028 to further accelerate high-speed trading algorithms that exploit arbitrage strategies, using the first quantum computer to be installed in New York City. Oxford Quantum Circuits, a spin-out from Oxford University, plans to announce a data centre partner for co-locating its OQC Genesis quantum computer in New York City, a first of its kind for the financial centre.
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4 weeks ago |
risk.net | Luke Clancy
Risk managers and clearing brokers fear the move to 24-hour stock trading will give them sleepless nights, literally, with questions swirling around how settlement fails, margin calls and possibly even counterparty defaults will be handled during overnight hours. "There is a question of what will [the risk management] process look like, for example, when the banks aren't open to meet a margin call," says Jon Fowler, chief technology officer at RQD Clearing.
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1 month ago |
risk.net | Luke Clancy
Clearing houses may need to increase the capital they commit to their default fund by as much as 10 times if they are to appropriately align their risk with clearing member contributions, according to a paper published this month by an Oxford University maths professor and a US regulator. The paper presents a new framework for quantifying the adequate amount of capital that a clearing house contributes to its default waterfall - so-called skin in the game (SITG).
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1 month ago |
risk.net | Luke Clancy
US rules that aim to boost on-exchange equities trading by reducing the fees exchanges charge face a test in court today, May 15. Existing rules cap fees at 30 cents per 100 shares (30 mils) on so-called protected quotations. Protected quotations are the best bid or offer in a stock displayed by an automated trading centre.
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1 month ago |
waterstechnology.com | Luke Clancy
Tweet Facebook LinkedIn Save this article Send to Print this page High-profile hacks are a clear and present danger, undermining business confidence as well as operability. For the financial industry, cyber risk is consistently the number one threat among operational risks. Against a backdrop of concerning levels of security breaches, new US disclosure rules could create more demand for cyber insurance.
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Harvey who is 12 has started a petition for an Annual NHS Day to recognise our NHS and its staff. Harvey has been shocked with the number of coronavirus deaths and wanted to do something to make a difference. Please do consider signing and sharing - https://t.co/MisRZa43XS
Bad clocks block FX best-ex. To get a good deal in fast-moving FX markets, buy-side firms need to know the time. Some of them don’t https://t.co/tvUISIjxpo
ECB: Facebook’s Libra a “black hole” of legal certainty, but current global standards fit for purpose to underpin digital assets https://t.co/OB1nRB2qed