StoneX Group Inc. has completed its acquisition of R.J. O’Brien (RJO), regarded as the oldest independent futures brokerage in the United States, and is positioning the combined company as the largest non-bank futures commission merchant (FCM) in the U.S. In the meantime, Philip Smith, CEO of StoneX, has not ruled out layoffs as a result… Read More >>
Why Regulatory Fragmentation Must End
Fragmented global financial regulation is still a problem that “puts competition, economic growth and financial system resilience at risk,” according to a joint paper, “The Costs of Fragmentation and Possible Solutions,” released earlier this month by the Bank Policy Institute, the Global Financial Markets Association (GFMA), and the Institute of International Finance. Regulatory fragmentation is… Read More >>
‘Genius Act’ Hopes to Launch a Stablecoin Revolution
Late last week, President Donald J. Trump signed the Genius Act into law, creating “the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements,” according to the White House. The legislation is intended to “pave the way for the United States to lead the global digital currency revolution.” However,… Read More >>
Delta Capita Embraces Blockchain-Based OTC Ops
Delta Capita, a provider of consulting, managed services, and technology solutions for capital markets, has launched Elaris OTC, a solution intended to streamline and modernize post-trade processes for over-the-counter (OTC) derivatives, officials say. The Elaris OTC technology platform uses the Fragmos Chain blockchain for derivatives and facilitates the “automated matching of OTC derivatives trades and… Read More >>
‘Crypto Week’ Marks the Arrival of Digital Assets
The powers that be in the federal government are facilitating digital asset and crypto projects, tokenization efforts, and cryptocurrency legislation and regulation, and have even declared that the week of July 14 as “Crypto Week.” Yet SEC Commissioner Hester M. Peirce, who generally favors innovation for digital assets, has made a regulatory declaration that will… Read More >>
SS&C Adds Investment Management Suite to Black Diamond
SS&C Technologies has added a suite of integrated capabilities to its Black Diamond Wealth Platform — dubbed Black Diamond Investment Management Services — that is intended to elevate client outcomes for advisors via streamlined portfolio management, trading, and client engagement, officials say. “Shifting client expectations are driving the need for advisors to solve more problems… Read More >>
‘Your Bourse’ Expands Liquidity via BlockFills Link
BlockFills, a digital assets market infrastructure provider, has been integrated with brokerage technology provider Your Bourse, which will expand BlockFills’ network of liquidity providers while at the same time allowing BlockFills to serve as a liquidity provider to brokers using the Your Bourse platform, officials say. The Your Bourse trading and pricing infrastructure supports cryptocurrencies,… Read More >>
Mereo Insurance Taps Northern Trust Asset Servicing
A new reinsurance firm, Mereo Insurance Ltd., has tapped Northern Trust Asset Servicing to provide custody services and institutional brokerage solutions, which means that it will act as a broker for Mereo’s trade execution needs, officials say. In addition, the Northern Trust Asset Management (NTAM) unit will manage “a portion of Mereo’s fixed income portfolio… Read More >>
DTCC to Explore Fnality Integration with Digital Launchpad
Post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) and a provider of regulated DLT-based wholesale payment systems Fnality are collaborating “on the potential integration of the Fnality wholesale payments system (FnPS) as a payment rail” within DTCC’s recently introduced Digital Launchpad, officials say. The Digital Launchpad supports “the testing and advancement of emerging… Read More >>
30% of E.U. Firms Have No T+1 Plans
Almost three in 10 firms have yet to begin any planning for Europe’s T+1 transition, scheduled to take effect on Oct. 11, 2027, according to a new research report, with a further two in ten — representing 19 percent of respondents — still in the process of scoping the necessary work. The remaining firms, however,… Read More >>
