Emerging forms of digital money — tokenized commercial bank money, stablecoins, and wholesale central bank digital currencies — are bringing with them IT efficiencies promising to enhance capital markets transactions. However, policymakers, regulators, and industry participants must provide greater legal and regulatory clarity, a more efficient infrastructure, and tighter governance. This is according to a… Read More >>
Goldman Sachs Acquires Innovator Capital Management
The Goldman Sachs Group has closed the acquisition of Innovator Capital Management, LLC, known for its defined outcome exchange-traded funds (ETFs), a step that should bolster the growth of the ETF business of Goldman Sachs Asset Management (GSAM), officials say. “By integrating Innovator’s approximately $31 billion in assets under supervision (AUS) across its suite of… Read More >>
Wall Street Profits & Bonuses for 2025 Surged: DiNapoli
As the traditional bonus-giving season comes to an end, an annual estimate/report from Thomas P. DiNapoli, comptroller for New York State, substantiates what many may already know — it was a good bonus season. The Wall Street bonus pool, based on last year’s trading, underwriting, and fees, soared to “a record $49.2 billion in 2025,”… Read More >>
ACA Group Acquires ‘FX Transparency’
Governance, risk, and compliance (GRC) advisor ACA Group has snapped up foreign exchange (FX) transaction cost analysis (TCA) and best execution analytics provider FX Transparency (FXT) for an undisclosed sum. The acquisition forms part of ACA’s goal to become a “best-in-class, cross-asset TCA platform,” adding new data and analytics covering one of the largest, most… Read More >>
What Did the SEC Halt During the Mini-Shutdown?
As the great songwriter Joni Mitchell once noted, “you don’t know what you’ve got til it’s gone.” Such was the case with the Securities and Exchange Commission (SEC) and many other federal agencies that experienced a halt in operations after a partial shutdown that began Jan. 31. The Trump administration and the U.S. Congress acted… Read More >>
Wall Street Salaries, Bonuses & Profits Are On a Roll
Salaries and bonuses for those working in the securities industry in New York City are on a roll as profits for actual Wall Street and midtown firms could surpass $60 billion in 2025 if key patterns continue, according to a report from New York State Comptroller Thomas P. DiNapoli. “As market activity and profits have… Read More >>
Canadian Regulator Probing Cybersecurity Threat
The Canadian Investment Regulatory Organization (CIRO) identified a cybersecurity threat on August 11, and as a precaution, “proactively shut down some of its systems to ensure their safety and immediately started an investigation. Throughout this time, critical functions remained available,” CIRO officials say. “CIRO’s real-time equity market surveillance operations continue as normal, with no active… Read More >>
Chilean Firm Taps BBH for Custody & Fund Services
Asset servicing provider Brown Brothers Harriman (BBH) has been tapped to provide custody and fund order services for a Chilean insurance company, Compañia de Seguros Confuturo SA, which, in its role as an institutional investor, oversees $2 billion in assets abroad, officials say. “Confuturo’s investments abroad have increased significantly, as has the diversity of instruments,… Read More >>
E.U.’s T+1 Leader Faces Quirks & Fragmentation
The European Union’s transition to T+1 settlement hasn’t been keeping Giovanni Sabatini up at night yet. However, potential technical complexities that could derail the process are top of mind for the man tasked with shepherding all 27 E.U. member states across the finish line by October 11, 2027. Sabatini was recently elected to lead of the Industry… Read More >>
Time to Consider Net-Zero Investing?
Despite backlashes against ESG-based efforts, is it time to start thinking about net-zero investing? Officials at the CFA Institute Research and Policy Center think so and recently released a guide to help investors (and investment firms) “advance the theory and practice of net-zero investing.” The guide is a serialized volume, “Investment Innovations Toward Achieving Net… Read More >>
