Regulated firms warn against crypto market lockout

Onshore participants urge regulators to bring cryptocurrency trading out of the ‘shadows’

After the shocking collapse of cryptocurrency exchange FTX, regulated financial firms are warning that the lack of legal clarity in major jurisdictions has forced cryptocurrency trading away from properly supervised markets, and are urging regulators to change their approach.

According to bankruptcy documents filed by FTX this month, the firm could have up to 1 million creditors, owed billions of dollars. In theory, some entities in the group were overseen by US regulators, but the functional

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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