(BrokerDealer.com)- The Financial Industry Regulatory Authority (FINRA) has given a $7.3mil spanking to broker Cantor Fitzgerald consisting of a $6 million fine and an order to pay $1.3 million for commissions, plus interest, it received from selling billions of unregistered microcap shares in violation of federal law in 2011 and…Read More
The Big Short is coming to a theater near you soon, but the hedge fund industry's cool kid of the year David Miller has traded ahead of his peers by exploiting and being short of the popular ETF industry product: leveraged ETFs and “inverse ETFs”; products that are typically powered…Read More
Facebook's Mark Zuckerberg (who needs no further introduction) and his wife Priscilla are celebrating the birth of their first child ( a girl named Max) by announcing that he and his wife will move 99% of their shares in Facebook (NYSE:FB) to a charitable trust. For those without a calculator,…Read More
A pile on approach is impacting hedge fund emulator ETF products (e.g. $GURU, $ALFA), and leading to crowd control issues, according to a recent Bloomberg article re-distributed via TradersMagazine story with title: Hedge Fund-Replicating ETFs Hurt by Crowded Trade Selloff MarketsMuse curators carry the story here.. (Bloomberg) -- Exchange-traded funds…Read More
Institutional Investor Magazine has recently announced the world's top 35 FinTech Bankers, and... As astutely noted by Institutional Investor Magazine’s Senior Editor Jeffrey Kutler, “The origin of the term “fintech” is difficult to pinpoint; only very recently has it become an accepted label for one of the hottest segments of…Read More
Marathon Asset Management CEO Bruce Richards Leads Crowdfund Campaign for "Veterans Education Challenge" Hedge Fund Honcho Will Match $1mm Raised via Crowdfunding Platform CrowdRise (RaiseMoney.com) For those Wall Street sharks and finance industry wonks who haven’t yet received the memo about crowdfunding, you might want to dial in to hedge…Read More
MarketsMuse followers have been reminded more than a few times that conventional wisdom requires investors to keep their eyes on corporate bond spreads so as to have a clear lens when considering the outlook for equity prices on a medium-to-longer time frame. The relationship between high-yield debt,most-often measured by HYG…Read More
Former Lehman Bros capo Richard Fuld likes acronyms, and somewhat out of character for the Big Dick many on Wall Street remember him to be, he also apparently likes the idea of inserting himself into a consortium that has created yet another new exchange platform--that eschews the notion of maker-taker…Read More
9 November (BrokerDealer.com)--Broker-Dealer Mischler Financial Group (“Mischler”) , the securities industry’s oldest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans announced that in connection with the firm’s annual recognition of Veteran’s Day, Mischler has pledged a portion of the firm’s entire November 2015 profits to The…Read More
MarketsMuse Strike Price curators are always looking for smart perspectives on how to bring more asset managers and institutional investors to better understand and embrace the use of options in a responsible manner. According to Todd Hawthorne, lead portfolio manager of Boston Partners, volatility [which some immediately and sometimes, misguidedly…Read More
While 99% of market pundits have been busy for the past months laying odds and making bets as to precisely when and how much the Fed will raise interest rates, a small universe of Fed Watchers have picked up on a surprising nuance that few seasoned market experts have even…Read More
(Bloomberg) via (TradersMagazine) MarketsMuse Fintech team notes that Deutsche Bank AG’s Stephen McGoldrick, who was leading a consortium of banks and asset managers in developing a new European dark pool for stocks, has decided to leave the project. McGoldrick will return to his role as director of market structure at Deutsche…Read More
The battle between business news pontificaters across the 4th estate is in full season, as evidenced by a smart article yesterday by Bloomberg LP's Eric Balchunas and suggests that MarketsMuse curators are apparently not the only topic experts who noticed and took aim at a recent WSJ article that proclaimed…Read More
MarketsMuse extends a warm salute to the nation's oldest and largest minority brokerdealer owned and operated by service-disabled military veterans in connection with the following news announcement.. Oct 5 2015–Stamford, CT and Newport Beach CA–Mischler Financial Group, Inc., the financial industry’s oldest and largest institutional brokerage and investment bank owned…Read More
Professional Investment Community Cries Out in Agony and They Don’t Yet Know Exactly Why MarketsMuse Strike Price and Global Macro curators voted the Oct 5 edition of global macro advisory firm Rareview Macro's Sight Beyond Sight the best read of the week. Yes, its only Monday, but those who follow…Read More
MarketsMuse Fixed Income Update "Corporate Bond Market- Balancing on a Knife Edge" is courtesy of extract from the 10.02.15 weekend edition of "Quigley's Corner", a daily synopsis of the investment grade corporate bond market and rates trading space authored by Ron Quigley, Managing Director of investment bank and institutional brokerage…Read More
The FinTech aka financial technology revolution continues to advance across the financial industry landscape, as dozens of startups from block chain to bond trading initiatives work towards securing a presence within the institutional financial services ecosystem. And, as profiled in a brilliant column this week from Institutional Investor spotlighted by…Read More
Hold the pickles, and hold the lettuce...Just when MarketsMuse curators and an assortment of ETF market enthusiasts thought there might already be enough themes, toppings and twists to the growing number of exchange-traded funds, ProShares is taking a page straight out of Burger King's 1970's branding campaign via a newly-launched…Read More