June
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.
- James Eyers
May
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.
- James Eyers and Cecile Lefort
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.
- Patrick Oster and Katherine Burton
March
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.
- Joshua Peach
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.
- Lu Wang
August 2023
- Analysis
- Sharemarket
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.
- Jonathan Shapiro
June 2023
- Opinion
- Chanticleer
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.
- Updated
- James Thomson
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.
- Bloomberg News
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.
- Denitsa Tsekova and Sujata Rao
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.
- Lu Wang
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.
- Lu Wang
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.
- Timothy Moore
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.
- Georgina Mckay and Sidhartha Shukla
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.
- Cecile Lefort
July 2022
ASIC to extend retail investor ban on binary options
Losses on the all-or-nothing derivative have fallen to zero among retail investors, after ASIC intervened to ban the risky product last year.
- James Eyers
June 2022
- Opinion
- Chanticleer
Why this Wall Street billionaire just bought into an ASX minnow
Jeff Yass took a bankroll made at racetracks and poker tables and built one of the world’s biggest trading firms. Now he’s betting on PointsBet.
- Updated
- James Thomson
January 2022
Coinbase buys futures exchange in crypto derivatives push
The acquisition could give Coinbase the edge it needs in getting a derivatives marketplace up and running.
- Olga Kharif and Yueqi Yang
Choice urges ban on ‘financial heroin hits’ for retail investors
A leading consumer group has called for a risky ‘contracts for difference’ to be banned for retail investors altogether, like it already is in the United States.
- James Eyers
December 2021
SEC moves to force firms like Archegos to reveal swap positions
The top US securities regulator seeks to make transparent the use of equity-based swaps that can be used to build massive bets on companies.
- Ben Bain
November 2021
Infrastructure to lure super funds offshore: NAB
Super funds may end up investing three-quarters of their assets in overseas markets, increasing the importance of their foreign exchange decisions.
- Jonathan Shapiro