Bond Connect Company Limited’s Post

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/euV9NhtQ #capitalmarkets #assetmanagement #fintech

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/eq7UEp2a #capitalmarkets #assetmanagement #fintech

The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. https://lnkd.in/ePTk-w6H #capitalmarkets #assetmanagement #fintech

📈 UK Finance urges government action to digitize capital markets! 💻 A report with Oliver Wyman outlines how the UK can lead in securities tokenisation. Read more: https://lnkd.in/dHpepCTa #DigitalTransformation #FinTech

In a letter published in today's Financial Times, Euroclear Sweden CEO Roger Storm highlights how progressive legislation and a single digital share register enable continuous funding of Swedish companies through the Swedish capital markets. https://lnkd.in/dVMm5bEH 👇 Nikou Asgari’s deep dive into Stockholm’s capital markets (Report, April 19) rightly highlights how Sweden’s engaged retail and institutional investor base supports a continuous “funding escalator”, as companies move from privately held through to SME growth markets and ultimately main market IPOs. While recognising the differences between our capital markets, the Swedish experience may still hold a few lessons for the UK. The machinery driving the Swedish escalator includes a progressive companies’ law framework comprising a single digital share register and hybrid direct-indirect holding model for shares. This highly digitised environment not only reduces pain points for issuers and intermediaries, it also offers the possibility of transparency around beneficial ownership that empowers retail investors to participate in corporate actions, like secondary capital raises, in a way they often cannot (yet) in the UK. Private Swedish companies often elect to enter the digitised market infrastructure well before any prospect of joining public markets, a factor contributing to the continuity of our funding escalator — and a point for the UK financial sector to bear in mind, as secondary markets for private shares look set to play a greater role in equity intermediation under UK government proposals for a new type of intermittent trading venue. Thank you for a very insightful article, and we here at Euroclear Group have a sincere ambition and are deeply engaged in bettering all the financial markets we support. Roger T Storm Chief Executive Officer, Euroclear Sweden, Stockholm, Sweden

If you are a portfolio manager or a trader and you are engaged in investing using the US$ denominated instruments that will be captured by the shortening of the US market to a T+1 settlement cycle, it’s possibly worth listening to this short New Zealand-accented discussion. Portfolio Management behaviours will need to change. It’s not just a middle and back office processing issue. If you need to understand why, watch this and get in touch … #NorthernTrustAssetServicing #northerntrust #trading #tradingstrategy #portfoliomanagement #portfoliomanager #portfolioconstruction #fxtrading

United States authorities fine TD Securities a total of $28.3 million for manipulating US Treasury Cash Securities over 13 month period from 2018 to 2019, with then-trader spoofing US Treasury Cash Securities market by entering order on one side with no intention of executing and concurrently entering order on other side to execute resulting in illegal profits.   Read - https://lnkd.in/gBDKSiUw follow Caproasia | Driving the future of Asia United States authorities have fined TD Securities a total of $28.3 million for manipulating US Treasury Cash Securities over 13 month period from 2018 to 2019, with then-trader spoofing US Treasury Cash Securities market by entering order on one side with no intention of executing and concurrently entering order on other side to execute resulting in illegal profits.  United States SEC (30/9/24): “The SEC today announced charges against registered broker-dealer TD Securities (USA) LLC for manipulating the U.S. Treasury cash securities market through an illicit trading strategy known as spoofing. The bank was also charged for failing to supervise the then-head of its U.S. Treasuries trading desk, who allegedly made hundreds of illegal trades over a 13-month period.  According to the SEC’s order, between April 2018 and May 2019, the former TD Securities trader spoofed the U.S. Treasury cash securities market by entering orders on one side of the market that he had no intention of executing (herein, non-bona fide orders), so he could obtain more favorable execution prices on bona fide orders he was entering simultaneously on the other side of the market. After the bona fide orders were filled, resulting in profits to TD Securities, the trader allegedly then canceled the non-bona fide orders. The SEC’s order also finds that TD Securities lacked adequate controls and that it failed to take reasonable steps to scrutinize the trader after receiving warnings of his potentially irregular trading activity.  TD Securities consented to the entry of the SEC’s order finding that it violated an antifraud provision of the federal securities laws and failed to reasonably supervise the trader. TD Securities was further ordered to cease and desist from future violations of the relevant antifraud provision, was censured, and was ordered to pay disgorgement of $400,000, prejudgment interest, and a civil penalty of $6.5 million. In a related matter, TD Securities has entered into a deferred prosecution agreement with the U.S. Department of Justice (DOJ) and has agreed to pay a total monetary sanction of more than $15 million as part of that agreement, of which $400,000 will be credited by disgorgement to the SEC. TD Securities has separately agreed to pay a $6 million fine ... ...

Our Ocorian and Nordic Trustee capital markets teams recently attended the 28th Annual Global ABS conference in Barcelona. A standout session addressed the challenges faced by banks, service providers, and investors regarding corporate trustees and their reactions to changing market forces. We explore some of the issues identified here > https://lnkd.in/eFxQt-8T #CapitalMarkets #GlobalABS2024 #StructuredFinance

In the ever-evolving landscape of global finance, the emergence of self-directed trading stands as a testament to the empowering potential of modern technology and strategic autonomy. This approach to navigating the world markets has increasingly shown that informed, individual investors can outperform traditional financial institutions. But what exactly is driving this shift towards self-directed trading, and how are individual traders leveraging strategic autonomy to achieve superior returns? Read more here 👉 https://lnkd.in/duuxnP9C #SelfDirectedTrading #InvestingFreedom #FinancialEmpowerment #DIYInvesting #StockMarketEducation #TradingSkills #FinancialIndependence #InvestorInsights #TradingStrategies #EmpowerYourFinances #TradingSuccess #InvestmentOpportunities #SmartInvesting #TradingWisdom #InvestmentKnowledge #FinancialEducation #TradingTips #InvestmentFreedom #MorningBrew

We’re excited to share that STP Investment Services was mentioned in Bloomberg’s recent article, "Britain Is Targeting 2027 for T+1 Switch, With Or Without EU", featuring insights from our very own Kaisha Lourens Schnoll! Kaisha weighed in on the challenges of aligning the EU's markets with the UK’s transition to T+1, highlighting the complications posed by EU's complexities, market-specific requirements, and securities trading across multiple exchanges. At STP, we’re closely following these industry changes and are proud to have Kaisha’s expertise on board! Read the full article here: https://hubs.li/Q02RwBpF0 #TPlus1 #FinancialServices #CapitalMarkets #STPInvestmentServices #IndustryInsights