by Ed Blount, Founder and Director Emeritus | Jul 19, 2021 | All, Commentary, Cross-Post, Lender Directed Voting
Good morning, this is Ed Blount and I am speaking to you from the Center for the Study of Financial Market Evolution here in Washington, D.C. I’ve been asked by my good friends at the Risk Management Association, RMA, just up the road in Philadelphia, to offer...
by Ed Blount, Founder and Director Emeritus | Jun 11, 2021 | All, Commentary, Cross-Post
Databases designed for specific purposes often fail when asked to solve a different problem. As an example, the securities finance databases of leading data providers such as FIS Astec, Datalend, and IHS Markit, designed more than 20 years ago for performance...
by Ed Blount, Founder and Director Emeritus | Mar 29, 2021 | All, Cross-Post
“Often, we get sales notifications in batch or overnight, meaning, in this new environment we’ll be getting sales notifications on the day of settlement.” Pressure is growing on industry and government to respond to 2021’s extreme stock market volatility....
by Ed Blount, Founder and Director Emeritus | Mar 17, 2021 | All, Cross-Post, Formal Regulatory Remedies
On February 4th, 2021, the Securities and Exchange Commission called for a “robust public discussion” about whether online brokers’ late January suspensions of retail trading should lead to changes in the market infrastructure. In the view of attorneys for the...
by Ed Blount, Founder and Director Emeritus | Mar 11, 2021 | All, Cross-Post, Formal Regulatory Remedies
The trading suspensions set by online brokers in late January 2021 reminded many industry veterans of the systemic circuit breakers that were first deployed during the Black Monday crash of October 1987. In both instances, a loose band of derivatives traders was...
