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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

"The share prices of the universal banks and brokers we cover have, on average, risen 35% over the past three months," Martinez said. " Analysts are split on JPMorgan Chase shares. Of the 26 who cover it, 14 rate it a buy or strong buy, according to LSEG. Another 11 have hold ratings on the stock.

Bank 73
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SEC approves FICC access models and segregated accounts and margin rule filings

The TRADE

In relation to segregated accounts and margin, FICC’s proposed rule changes seek to address the Commission’s new requirements and the conditions for including margin in the broker-dealer reserve formulas. The post SEC approves FICC access models and segregated accounts and margin rule filings appeared first on The TRADE.

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Retail boost is driving volumes off-exchange, Liquidnet finds

The TRADE

Wholesales were found to have increased their consumption of flow from retail brokers. Last week, the European Council and Parliament introduced a “general ban” on PFOF, with temporary exemptions for member states where firms currently use the practice until June 2026.

Retail 64
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The Thursday T+1 trading conundrum

The TRADE

Given that the settlement cycle is now shorter in the US trading volumes on a Thursday have dropped off significantly thanks to funding requirements that require brokers to fund a position for an additional three days on Friday, Saturday and Sunday given the slightly longer settlement cycle in Europe, the UK, and most of Asia Pacific.

Trading 59
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The TRADE predictions series 2024: Regulation – Mifid/Mifir?

The TRADE

Investor protection measures such as the EU-wide ban on payment for order flow (enforced from 2026) and restrictions on CFD trading may re-shape how retail brokers handle their customer order flow, and what products they make available for trading.

Trading 64
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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

Transitioning to T+1 is a team effort involving thousands of market participants, including clearing houses, depositories, custodian banks, broker-dealers, investment advisors, self-regulatory organisations, stock exchanges, service providers, industry groups, trade associations, and regulators.

Trading 64
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D2C Insurance Industry: Overcoming Top 4 Cash Flow Challenges

Razorpay

The insurance industry in India is expected reach US$ 222 billion by 2026. Let’s delve deeper: Cash flow challenges in the D2C insurance industry D2C companies in the insurance industry typically operate online and sell insurance policies directly to customers, bypassing traditional intermediaries like agents or brokers.