Accessibility helpSkip to navigationSkip to contentSkip to footer
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign In
  • Home
  • World
    Sections
    • World Home
    • Israel-Hamas war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • Hizbollah warns Israel of war ‘without limits’ and threatens Cyprus
    • Armed gangs stage bank heists in Gaza
    • Vladimir Putin seals strategic partnership with North Korea’s Kim Jong Un
    • Giorgia Meloni’s hard-right European group claims a top EU job
    • Israeli military approves plan for ‘offensive’ in Lebanon
  • US
    Sections
    • US Home
    • US Economy
    • Investing in America
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2024
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Permira’s last-minute decision to kill the Golden Goose IPO
      • The Singaporean firm betting on Nigeria amid multinationals’ ‘exodus’
      • Starling steps up legal action against debtors amid defaults and FCA probe
      • Switzerland could lose wealth crown to Hong Kong, UBS chief warns
      • Soaring popularity of Guinness helps pub group Young’s to record profit
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Wealth Management
      • Moral Money
      • ETF Hub
      • Fund Management
      • Trading
      Most Read
      • Nvidia vaults past Apple and Microsoft to become world’s most valuable company
      • News updates from June 19: Hizbollah warns of fight ‘without limits’; UK inflation returns to 2% target
      • Armed gangs stage bank heists in Gaza
      • Starling steps up legal action against debtors amid defaults and FCA probe
      • Most stocks hyped as winners from AI boom have fallen this year
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • The mother of all US presidential debates
      • Invested in the WFH argument? Home in on the evidence
      • No, Keir, the real opposition is behind you
      • How not to do industrial policy
      • Don’t blame neoliberalism for the rise of the hard right
    • Lex
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Europe's Start-Up Hubs
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      • Working It
      Most Read
      • Making sense of Gen Z: employers seek answers on managing younger workers
      • Why tackling accent bias matters at work
      • Janus Henderson’s Ali Dibadj: ‘You’ve just got to roll with the punches’
      • Business books: what to read this month
      • Employers should do more than just talk about mental health
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • The FT’s guide to the best books to read this summer
      • Why can’t my parents see the upsides of downsizing?
      • Why watchmakers are obsessed with the lunar cycle
      • Best summer books of 2024: Economics
      • Best summer books of 2024: Environment
    • HTSI
    1. Markets
    2. Trading
    • Clearing & Settlement
    • High Frequency Trading
    • Markets Regulation
    • OTC markets
    • Derivatives
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Lex
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    FT Trading Room

    • Wednesday, 19 June, 2024
      Bank bonuses
      JPMorgan follows Goldman in lifting UK bonus cap

      Employees of Wall Street bank’s British operations will now be able to earn up to 10-times base salary

      A man walks into the JP Morgan headquarters at Canary Wharf in London
    • Tuesday, 18 June, 2024
      HSBC Holdings PLC
      Swiss regulator finds HSBC violated money laundering rules

      Finma bans bank’s Swiss subsidiary from taking on prominent public figures as clients

      The Swiss offices of HSBC Private Bank in Geneva
    • Tuesday, 18 June, 2024
      Biotech
      US biotech Illumina faces potential $7bn loss from forced Grail sale

      Shares in cancer-test developer trading in low volumes ahead of spin-off demanded by antitrust regulators

      A researcher holds a flow cell used for an Illumina gene-sequencing system
    • Sunday, 16 June, 2024
      LexTexas
      Beware the Texas advance on Wall Street Premium content

      Companies should keep in mind that the culture wars cut both ways

      The Dallas skyline
    • Wednesday, 12 June, 2024
      Management consulting
      Australian senate calls for more oversight of consultants after PwC scandal

      Government may look at regulation of Big Four firms, with year-long inquiry concluding they operate in ‘grey area’

      PwC sign
    • Wednesday, 12 June, 2024
      UnhedgedRobert Armstrong
      American exceptionalism revisited Premium content

      And 0DTEs

      A montage of a trader at the New York Stock Exchange
    • Saturday, 8 June, 2024
      News in-depthDerivatives
      Retail traders push India stock option volumes above S&P 500

      Small investors join trading rush as stock market hits record highs

      A pedestrian passes residential buildings under construction in Mumbai, India
    • Friday, 7 June, 2024
      Gillian Tett
      There are risks lurking in the world of private capital

      A recent court ruling against SEC reforms of the sector is an unfortunate blow to transparency and fairness

      Efi Chalikopoulou illustration of a New Orleans map that protrudes from an elephant as if it is the trunk
    • Wednesday, 5 June, 2024
      Exchange traded funds
      ‘Spaghetti cannon’ filings for 25 hot-trend ETFs prompt concerns

      GraniteShares’ proposed YieldBoost ETFs will sell put options on leveraged ETFs, aiming to profit from volatility

      Traders work the floor during morning trading at the New York Stock exchange
    • Tuesday, 4 June, 2024
      EU financial regulation
      Italian regulator fines Dutch high-speed traders over short selling Saipem

      Consob issues combined €4.7mn fine against Optiver and Flow Traders after oilfield engineer’s botched 2022 capital raising

      The Pipelay Crane Vessel Saipem Constellation
    • Monday, 3 June, 2024
      Exchange traded funds
      Ireland moves closer to relaxing ETF transparency rules, lawyers say

      Change could accelerate adoption of active ETF strategies

      Man walks past Central Bank of Ireland sign
    • Friday, 31 May, 2024
      On Wall StreetSheila Bair
      How the Capital One/Discover deal could boost competition

      A merger would provide a greater challenge to entrenched behemoths such as JPM, Visa and Mastercard

      Capital One and Discover credit cards in a wallet
    • Thursday, 30 May, 2024
      Citadel LLC
      Market maker Citadel Securities lures Goldman Sachs veteran Esposito

      Investment banker left Wall Street lender in January and will become president of high-frequency trading firm

      Jim Esposito
    • Thursday, 30 May, 2024
      Derivative exchanges
      Let there be gamma

      Zero-day options keep growing and growing and growing

    • Monday, 27 May, 2024
      Financial & markets regulation
      What faster trading cycles will mean for US markets

      This week’s move to ‘T+1’ reduces settlement risk, but causes headaches for overseas investors

      Pedestrians walk along Wall Street near the New York Stock Exchange
    • Monday, 27 May, 2024
      Inside BusinessPatrick Jenkins
      The toxic politicisation of financial regulation

      The rule books that govern the world’s banks, insurers and asset managers have been drawn into ideological splits

      Marty Gruenberg
    • Monday, 27 May, 2024
      UK insurance industry
      Big UK life insurers triple use of controversial reinsurance deals

      Bank of England warns of significant risks and consults on tighter rules

      People walk past the the Bank of England
    • Friday, 24 May, 2024
      Cryptofinance
      Cryptofinance: into the ether Premium content

      Plus, updates on US crypto regulations and Worldcoin

    • Wednesday, 22 May, 2024
      Exchange traded funds
      First UK crypto ETPs to launch on May 28

      Regulator’s ruling means WisdomTree, 21Shares and Invesco bitcoin and ether funds will be off limits to retail investors

      An image with a depiction of bitcoin and ethereum
    • Tuesday, 21 May, 2024
      Cryptocurrencies
      Ether jumps 16% on US ETF approval speculation

      Cryptocurrency’s rise catches analysts by surprise after reports SEC asks issuers to refile applications

      Ethereum and SEC logos
    • Tuesday, 21 May, 2024
      Exchange traded funds
      Finfluencers loom large in world of ETFs

      Asset managers are keen to increase brand awareness but recent enforcement action highlights difficulties

      Marcus Samuelsson
    • Monday, 20 May, 2024
      Gambling industry
      Gaming over?

      The CFTC’s veerrrry broad definition

    • Monday, 20 May, 2024
      Financial & markets regulation
      UK City minister hits out at watchdog’s fraud refund plan

      Bim Afolami says PSR’s proposal has ‘significant problems’ in latest sign of tension between Treasury and regulators

      Economic Secretary to the Treasury, Bim Afolami, arriving in Downing Street
    • Friday, 17 May, 2024
      Cryptofinance
      My political enemy’s enemy is my friend Premium content

      Plus, updates on Tornado Cash and bitcoin mining

      The logo of bitcoin and the SEC against an image of the Capitol
    • Friday, 17 May, 2024
      Unhedged
      More capital is not the answer Premium content

      An interview with Yale’s Steven Kelly

      Exterior of the New York Stock Exchange
    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

    Tools

    PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2024. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition

    Top sections

    • Home
    • World
      • Israel-Hamas war
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
    • US
      • US Economy
      • Investing in America
      • US Companies
      • US Politics & Policy
      • US Presidential Election 2024
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
      • Artificial intelligence
      • Semiconductors
      • Cyber Security
      • Social Media
    • Markets
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Wealth Management
      • Moral Money
      • ETF Hub
      • Fund Management
      • Trading
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Lex
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Europe's Start-Up Hubs
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      • Working It
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports

    FT recommends

    • Alphaville
    • FT Edit
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • Visual and data journalism
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT Feed
    • Portfolio
    • FT Digital Edition
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In