Digital Wealth Partners, a crypto-focused wealth advisory firm, launched algorithmic $XRP trading for retirement accounts with Arch Public.The strategy uses insured custody at Anchorage Digital and a rules-based SMA structure to manage client assets.Source: Coindesk ...

Digital Wealth Partners launches algorithmic XRP trading for retirement accounts with insured custody at Anchorage Digital, offering high-net-worth holders of XRP access to an algorithmic trading app. 📈by @IanAllison123 ...

Core Insights - MarketAxess Holdings Inc. will participate in the Goldman Sachs Financial Services Conference on December 9, 2025, with CEO Chris Concannon and CFO Ilene Fiszel Bieler attending a fireside chat [1][2] Company Overview - MarketAxess operates a leading electronic trading platform for fixed-income securities, providing trading efficiency, liquidity, and cost savings to institutional investors and broker-dealers globally [3] - Approximately 2,100 firms utilize MarketAxess' patented technology for efficient trading of fixed-income securities [3] - The company offers automated and algorithmic trading solutions, integrated data offerings, and a range of post-trade services [3] - Founded in 2000, MarketAxess is recognized for its Open Trading marketplace, which is a preferred trading solution in the global credit markets [3] Recent Developments - MarketAxess reported total revenues of $208.8 million for the third quarter of 2025, reflecting a 1% increase, which included a $1.3 million impact from foreign currency fluctuations [5] - The company announced the launch of Opening and Closing Auctions, the first standardized market-wide auction protocol aimed at improving price discovery and liquidity for U.S. credit trading [7]

Black Swan Events & Market Fragility - Black swan events are rare, have catastrophic impact, and feel inevitable in hindsight [10] - These events occur not only in personal life but also in businesses, companies, and the stock market [11] - Algorithmic trading, while efficient, is trained on past data lacking black swan events, leading to unpredictable outcomes [17] - In 2025, algorithms are projected to conduct over 50% of global stock trades [19] - The common investor bears the brunt of algorithmic trading failures due to lack of resources and direct access [20][21] Algorithmic Trading & Market Dynamics - Algorithmic trading uses variables like stock price, revenue, and organizational changes to predict stock movement [15] - The fractal market hypothesis suggests the market is moved by various investors, including algorithms, creating continuous trading and chaos [22][23] - Algorithmic trading exploits short-term market fluctuations, outpacing human traders [23][24] Systemic Risk & Responsibility - Systems assume stability if nothing appears broken, creating fragility and susceptibility to shocks [26] - Decision-making is increasingly delegated to algorithms due to their speed and lack of emotion [27] - The lack of accountability in algorithmic trading means blame evaporates when systems fail [28] - Systems that outthink and outtrade humans cannot take responsibility, amplifying the impact of black swan events [28]