Tag: Markets

Nasdaq Tokenization May Split Stock Trading Across Markets: TD Securities

admin

Nasdaq’s push to bring tokenization into capital markets could lead to a dual-market structure in which traditional US exchanges operate alongside blockchain-based trading venues, according to TD Securities — a shift that could split trading activity and lead to price differences across platforms. In a recent note, Reid Noch, vice president of US equity market structure at TD Securities, pointed to plans by Nasdaq and the New York Stock Exchange to introduce tokenization into alternative trading systems (ATS), a type of venue that matches buyers and sellers outside traditional exchanges.…

Christian Catalini: AI will transform job markets, coding professions face uneven automation, and human expertise remains critical in decision-making

admin

Key takeaways AI’s potential to automate jobs is a major source of public anxiety. The rapid transition to new technology will transform job markets. New technologies often bring underestimated potential despite challenges. AI will significantly impact coding professions, affecting entry-level roles. Machines can replicate measurable aspects of expertise, not judgment. AI’s impact on coding will be uneven, with some areas automated faster. AI excels at automating established practices but struggles with novel domains. Human cognition was a traditional constraint, now challenged by AI. Institutions designed around scarce intelligence need reevaluation.…

Proposed Bill Seeks to Ban President, Congress from Prediction Markets

admin

US lawmakers have introduced a bill aiming to ban members of the US Congress, the president and other high-ranking government officials from wagering on prediction markets. The proposed bill, a bipartisan effort from US Representative Adrian Smith and Representative Nikki Budzinski, was introduced on Tuesday and is called the Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act (PREDICT Act). “In recent months, we’ve seen instances of little-known traders making massive profits on events ranging from war with Iran to how long a government shutdown will last, raising necessary questions…

Luigi Buttiglione: The US market’s technological edge drives unmatched returns, rising productivity will elevate neutral interest rates, and AI’s dual impact reshapes the economy

admin

Key takeaways The US market excels in returns due to its technological advancements. Rising productivity growth is expected to push up the neutral interest rate. Positioning actual interest rates below neutral rates could be a costly policy error. AI is a disruptive force with significant economic implications. AI can lead to job displacement but also increases productivity and wealth. The US has historically seen significant productivity boosts from technological revolutions, unlike Europe. Recent productivity increases in the US are linked to technological advancements and human capital. Productivity growth should not…

BitGo, Susquehanna Launch Institutional Access to Prediction Markets

admin

BitGo, a digital asset custody and trading platform, and Susquehanna Crypto will collaborate to give institutional clients over-the-counter access to prediction markets, allowing them to trade event-based contracts using cryptocurrency or stablecoins held in custody. According to Tuesday’s announcement, trades will be routed through BitGo’s platform, with liquidity provided by Susquehanna, which will enable hedge funds, family offices and other large investors to execute bilateral trades without moving assets off platform or converting holdings, including Bitcoin or stablecoin, into cash. Positions are backed by crypto collateral and documented using derivatives-style…

CFTC launches innovation task force to shape US crypto, AI and prediction markets rules

admin

The Commodity Futures Trading Commission has launched an Innovation Task Force aimed at building clearer rules for firms developing products tied to crypto, blockchain, artificial intelligence, autonomous systems, prediction markets, and event contracts in US derivatives markets. The task force will work alongside the CFTC’s Innovation Advisory Committee and coordinate with other federal agencies, including the Securities and Exchange Commission and its Crypto Task Force. CFTC Chairman Michael S. Selig said the goal is to create a regulatory framework that keeps American innovators onshore rather than pushing them to less-regulated…

BitGo and Susquehanna Crypto open OTC prediction markets to institutions

admin

BitGo Prime and Susquehanna Crypto have launched an institutional OTC offering that gives eligible BitGo clients access to listed prediction markets using crypto or stablecoin collateral already held on BitGo’s platform. The service is aimed at hedge funds, family offices, and ultra-high-net-worth individuals, with Susquehanna Crypto providing liquidity for the trades. Instead of moving through retail interfaces or selling digital assets to fund positions, clients can execute event-driven trades bilaterally with BitGo while posting collateral in USD, stablecoins, Bitcoin, or other crypto. BitGo said the minimum trade size is $100,000,…

Circle Urges EU to Ease Markets Framework for Crypto

admin

Stablecoin issuer Circle has urged the European Commission to lower the barrier for institutions to engage with crypto-asset service providers in response to its proposed Market Integration Package — a policy initiative aimed at strengthening capital markets in Europe.  In a statement on Monday, Circle said the Commission’s MIP proposals represent a “meaningful step toward a digitally enabled financial system” but also outlined several areas for improvement. Those included reforming the DLT (distributed ledger technology) Pilot Regime and scaling what the Commission describes as e-money tokens (EMTs) by permitting more…

Polymarket Updates Rules as Scrutiny Grows Over Prediction Markets

admin

Prediction platform Polymarket has updated its market integrity rules to align more closely with regulatory standards and expand its presence as a regulated trading platform amid growing scrutiny of manipulation and insider trading risks. In a Monday announcement, the company outlined updated rules governing both its global decentralized finance platform and its US exchange, which operates under compliance oversight by the Commodity Futures Trading Commission (CFTC). The changes come amid growing scrutiny from regulators and politicians over risks tied to insider trading, market manipulation, and the proliferation of controversial event-based…

BlackRock CEO Larry Fink pushes tokenization as next phase of markets

admin

BlackRock CEO Larry Fink is placing tokenization at the center of the next evolution in financial markets, arguing that digital infrastructure could fundamentally reshape how people access and participate in investing. In his annual letter, Fink said tokenization has the potential to modernize the financial system by making assets easier to issue, trade, and hold, particularly through digital wallets. Fink pointed to the growing global adoption of digital wallets as a key foundation for this shift. With billions of people already using mobile wallets, he said the next step is…