February
ASX tips a stronger year for new listings on back of Chemist Warehouse
ASX reports record level of operating revenue for a first-half, driven by higher trading volumes, especially in derivatives markets.
November 2024
Treasury plan could end era of shareholder secrecy
A workaround exploited by billionaires and hedge funds to secretly build positions in listed companies could be extinguished if a legislative change succeeds.
Macquarie boss says accountability matters after ASIC jibe
After being slapped with a record fine for failing to monitor energy futures markets, the bank pledged to identify root causes and hold staff accountable.
October 2024
Want to trade options? The ASX can teach you how
Ainsley Marcus, 34, says playing the ASX options game showed her investing could be more interesting than “just buying and selling shares”. But her money is still with ETFs.
Mark Carnegie pushes Circle’s USD Coin to Australia’s super funds
MHC Digital says USDC, which has a market cap of $50 billion, could be used by big institutional investors to bypass banks and save hundreds of millions of dollars.
September 2024
RBA issues scathing assessment of ASX’s derivatives upgrade
In a lengthy review, the central bank has said the sharemarket operator was too slow in disclosing problems and suggests it was keeping regulators in the dark.
June 2024
ASX investors spooked by rising technology costs
Shares in the equities market operator slumped 8 per cent after it revealed elevated capital expenditure over the medium term, as it continues with the CHESS fix.
May 2024
Traders finger ‘pre-hedging’ in ANZ bond probe
Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.
Jim Simons, ‘quant king’ at Renaissance Technologies, dies at 86
The mathematician-investor created what many in finance consider the world’s greatest moneymaking machine at his secretive firm.
March 2024
This hedge fund is backing bets Citadel and Millennium won’t touch
Multi-strategy hedge funds have swept the globe hoovering up talent into their highly levered investing style, but this New York-based fund can go where they can’t.
September 2023
New Cboe index pushes hot stock bet into Wall Street mainstream
The Cboe S&P 500 Dispersion Index, created to capture the difference in prices of options between the equity gauge and its underlying constituents, has debuted.
August 2023
Are zero-day options going to blow up the market?
Wall Street is divided over zero-day-to-expiry options that allow traders to speculate over short-term stock moves.
June 2023
ASX plunge shows the true cost of CHESS disaster
The exchange’s chief, Helen Lofthouse, has set out a five-year plan to restore the group’s reputation and chase growth. It comes with a hefty price tag.
May 2023
China opens access to new $4.5trn swaps trading market
The platform provides overseas funds with easier access to the derivatives that will help hedge their exposure to the world’s second-biggest bond market.
Investors load up on doom hedges pointing to market turmoil
As the US edges towards default and Wall Street games out a rare Black Swan event, demand for protection against a market sell-off or tail risk is at the most in five years.
April 2023
Quants are ‘out of ammo’ for buying stocks, Goldman warns
Systematic money managers have loaded up on global shares in the past month, and with their positioning near a peak, that could soon trigger selling.
Big swings in one-day volatility index leave traders bewildered
The Cboe 1-Day Volatility Index opened at 8.55, compared with a reference point of 13.27 on Friday, surged as high as 9.88 before pulling back.
March 2023
Crypto exchange Binance sued by US futures regulator
“The defendants’ own emails and chats reflect that Binance’s compliance efforts have been a sham,” the regulator’s chief counsel said.
February 2023
Binance Australia derivatives business draws review by ASIC
The review includes the crypto exchange’s “classification of retail clients and wholesale clients”, a spokesperson for the regulator said.
October 2022
China’s yuan inches closer to loftier FX ambitions
The Chinese yuan has overtaken the Australian dollar as the world’s fifth most-traded currency, reflecting the rise of the Asian giant’s economy.