JP Morgan Chase FINRA Discipline Alert! From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate price or size parameters. Punishment? A $750k fine & censure.

by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2018058111301%20J.P.%20Morgan%20Securities%2C%20LLC%20CRD%2079%20AWC%20gg.pdf The firm’s market access controls failed to prevent five erroneous orders routed to exchanges and alternative trading systems: On January 30, 2019, a firm trader on the Program Trading Agency Desk routed to the market an order …

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OPEN for comment! ICE Clear Europe’s New Game Plan: Futures and Options Default Management Policy ‘2.0’. The new policy would clarify and enhance certain practices relating to hedging strategy following a default and set out the key factors to consider in declaring and managing an Event of Default.

by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-09207.pdf Purpose: ICE Clear Europe is proposing to adopt a new Futures and Options Default Management Policy, which would address procedures and requirements for the Clearing House’s management of an Event of Default with respect to an F&O …

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Tips For Successful Forex Money Management

Many traders are guilty of disregarding the importance of money management when it comes to forex trading. Traders who neglect money management in Forex do themselves a great disservice. However, it is an essential part of trading success and can …

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Fund Management on Ethereum

Investment fund managers are critical to the global economy. You are effectively handing over the management of your money to an investment professional who, in theory, has the resources and expertise to do so much better than you could. Ethereum …

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BlackRock ($BLK) now has over $9 Trillion Assets Under Management (AUM)

BlackRock released their earnings report today, source: https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf ​ Assets under management Q1 2020: $6,466,668 million Assets under management Q1 2021: $9,007,411 million ​ Revenue Q1 2020: $3,710 million Revenue Q1 2021: $4,398 million ​ Attributable Net income Q1 2020: …

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Archegos Capital Management Crisis

by Martin Armstrong The Archegos Capital was founded by the former Tiger Management equity analyst, Bill Hwang. Archegos Capital, the “home office” hedge fund owned by Bill Hwang, lost an unbelievable $110 billion in just five days. The strategy was …

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