CME’s 24/7 Crypto Futures Bring Their Own Set of Challenges for Institutional Traders
CME Group is launching 24/7 trading for its cryptocurrency futures, extending continuous market access from the spot crypto world to traditional exchange‑traded products. The shift eliminates the overnight windows that banks use for trade reconciliation, margin processing, and system maintenance, forcing firms to redesign clearing and risk workflows. Continuous futures trading demands real‑time collateral management and rolling system upgrades, challenging legacy platforms built around fixed sessions. Institutions that can deploy resilient, always‑on infrastructure will capture the competitive advantage as the market evolves.
America Built the Last Financial Architecture. Will It Build the Next One?
The United States built the post‑war financial architecture that underpins global capital markets, but digital assets and tokenization are now reshaping payments, issuance, and cross‑border flows. Private‑sector leaders such as JPMorgan’s Kinexys platform and tokenized funds from BlackRock and Franklin...
Regulators Should Consult with Issuers on Tokenisation
The World Federation of Exchanges (WFE) is urging regulators to consult listed‑share issuers before granting crypto platforms an exemption to offer tokenised equities. It argues that these tokenised stocks are essentially third‑party options that lack issuer involvement and should be...
Scaling Digital Assets Requires Safer Settlement
Digital and tokenized assets promise speed and transparency, but their settlement mechanisms often lack the risk‑free finality of central bank money. The article warns that assuming instant value transfer equals safe settlement is dangerous, especially as stablecoins and tokenized money‑market...
Taurus to Expand Across EU
Taurus, a Swiss‑regulated digital‑asset infrastructure firm, secured a MiFID investment‑firm licence from Cyprus in May, granting it a fully regulated presence across all 27 EU markets. The licence enables Taurus to offer tokenized DLT instruments and support EU‑based institutions under...
Circle Becomes First Public Company to PreSell a Token
Circle Internet Group announced that its Arc token presale raised $222 million, valuing the new Layer‑1 blockchain at roughly $3 billion. The sale attracted a consortium of heavyweight investors, including a16z crypto, BlackRock, Apollo Funds, and Standard Chartered Ventures. Circle’s CEO Jeremy...
DriveWealth Supports Emerging Products Alongside TradFi
René Kim, former UBS and Charles Schwab executive, joined DriveWealth as senior vice president of product delivery, overseeing the end‑to‑end product lifecycle. DriveWealth provides a brokerage‑as‑a‑service platform that powers digital wallets, broker‑dealers and consumer brands with tools such as fractional...
The Consolidated Audit Trail: Time for a Fundamental Reset?
The Consolidated Audit Trail (CAT) was launched in 2016 as a Regulation NMS Plan, creating a joint‑ownership structure among self‑regulatory organizations that has generated persistent governance friction, soaring costs, and delayed implementation. Recent exemptive orders have modestly reduced cost pressures...
Trading Firms Urged to Strengthen Vendor Oversight
At FINRA’s 2026 Annual Conference, a panel warned that AI‑driven fraud is making third‑party vendor risk harder to manage for financial firms. Speakers highlighted that cybercriminals now leverage inexpensive AI tools to launch sophisticated scams, forcing institutions to upgrade AI‑based...
Trading Technologies’ Jason Shaffer: AI Is Accelerant, Not Disruptor
Trading Technologies (TT) views artificial intelligence as an accelerant that enhances its full‑stack market infrastructure rather than a disruptor. Chief Technology & Product Officer Jason Shaffer emphasizes disciplined, non‑hype AI deployment within existing governance, security and human‑in‑the‑loop controls. Clients, especially...
Man Bites Dog: Why Crypto Is Acquiring TradFi
Bullish, a high‑growth crypto platform, announced a $4.2 billion stock‑for‑stock acquisition of Equiniti, a leading TradFi stock‑transfer provider. The deal values Equiniti at roughly 4.6 times its revenue and 3 times its EBITDA, creating immediate earnings accretion for Bullish despite a 37% share...
ON THE MOVE: Jonathan Mortenson Joins Clear Street; Mike DiSpirito to Balyasny
Jonathan Mortenson has joined Clear Street as Director of Outsourced Trading, bringing more than two decades of global equity execution experience, including overseeing $90 billion in assets at Harding Loevner. At the same time, Balyasny Asset Management hired Mike DiSpirito as...
FIA Report: The Pathway to 24/7 Trading and Clearing
The Futures Industry Association (FIA) released a report outlining a roadmap for continuous, 24/7 trading and clearing across derivatives markets. Presented at the FIA Global Cleared Markets Conference, the study highlights growing demand from digital‑asset participants and retail investors while...
Balyasny Hires Mike DiSpirito From BlackRock
Balyasny Asset Management hired Mike DiSpirito, a former BlackRock director of equity and derivatives trading, as an equity trader in New York. DiSpirito brings over 15 years of experience across asset‑management, global markets, and treasury roles, most recently leading a...
Goldman Sachs Quant Chief Says AI Could Make Markets Less Efficient
Goldman Sachs Asset Management’s quant chief Osman Ali says AI is reshaping investment research, enabling the firm to analyze roughly 15,000 stocks daily with machine‑learning models. While AI can improve price discovery in under‑covered small‑cap and emerging‑market equities, Ali warns...