While the chances of avoiding a hard Brexit are dwindling under our eyes, this British-written article puts the cause of the divorce on the country’s long-seated culture and its establishment – Labour in particular.
Credits to Russell Brand and The New York Times.
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Should US stocks settle T+1? The current T+2 settlement date is considered antiquated, and the Robinhood affair (gee, them again???) has relaunched the debate. Here is a review of the DTCC’s proposal, as well as an idea for derivatives traders.
#FinancialMarkets, #DTCC, #Settlement, #Derivatives, #MarketStructure
Navesink International (www.NavesinkInternational.com)
The SEC and the NY AG are suing CoinSeed for lack of registrations and multiple other counts. That’s a cold shower for the crypto industry. Spoiler alert: adult supervision is needed.
Geode handles $700 bn of Fidelity’s index tracking assets. Geode Diversified, the much smaller hedge fund business, took a 36% loss on COVID’s volatility rally. It is now getting the axe.
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