View Categories Recommended For You Rivvit’s ‘Virtual Analyst’ Lets Firms Talk to Data Time to Unify the SEC & CFTC? T. Rowe Price Deploys Customized Platform for Corporate Bonds Millennium bcp Takes On FRTB & Market Risk The European Commission is investigating whether the two exchange giants ever engaged in potential collusion.Earlier this month, the European Commission (EC) announced in bombshell news that it is probing potential collusion between exchange giants Deutsche Börse and Nasdaq, citing th ...

Core Viewpoint - Euronext has successfully completed a tender offer for its outstanding €600 million 0.125% Bonds due 2026, with €214.515 million accepted for purchase, leaving €385.485 million outstanding after the settlement [3][4]. Offer Details - The tender offer was launched on 17 November 2025, inviting holders of the €600 million Bonds to tender their securities for cash [1][2]. - The expiration deadline for the offer was set at 5:00 p.m. CET on 24 November 2025 [3]. Results of the Offer - A total of €214,515,000 in aggregate principal amount of the Bonds was validly tendered for purchase [3]. - The New Issue Condition was satisfied, allowing the Offeror to accept all validly tendered Bonds in full [4]. Settlement Information - The expected settlement date for the offer is 27 November 2025 [4]. - Post-settlement, €385,485,000 in aggregate principal amount of the Bonds will remain outstanding [4]. Future Acquisitions - The Offeror may acquire additional Bonds through various means, including open market purchases and privately negotiated transactions [5]. Company Overview - Euronext operates as a leading European capital market infrastructure, providing a range of services from listing to trading and clearing [9]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion [10]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, enhancing its market presence [11].

Whales with a lot of money to spend have taken a noticeably bearish stance on Robinhood Markets.Looking at options history for Robinhood Markets (NASDAQ:HOOD) we detected 25 trades.If we consider the specifics of each trade, it is accurate to state that 24% of the investors opened trades with bullish expectations and 68% with bearish.From the overall spotted trades, 10 are puts, for a total amount of $468,191 and 15, calls, for a total amount of $1,649,044.Expected Price MovementsBased on the trading activi ...

Core Insights - The acquisition of UK-based ETF provider 21Shares by crypto trading platform FalconX signifies a shift in the relationship between crypto platforms and ETF providers, indicating a trend towards consolidation in both industries [2][3] - This deal is viewed as a significant early example of consolidation in the crypto and asset management sectors, with implications for corporate America beyond just the crypto conversation [2][3] Industry Trends - The consolidation in the crypto space is notable due to the sector's relative novelty and the increasing interest from major industry players and regulators [3] - The regulatory landscape, particularly the SEC's commitment to expedite crypto ETF launches, is driving interest and could lead to more mergers and acquisitions in the future [4] Market Dynamics - There are numerous ETF providers struggling to capture significant market share despite having quality products, making consolidation a likely outcome [3] - The recent volatility in cryptocurrencies like Ethereum and Bitcoin, combined with emerging regulatory frameworks such as the GENIUS Act, is facilitating a more favorable environment for crypto-related financial products [4]

Market Sentiment and Investor Behavior - The current market sentiment is characterized by a "sticky skew," indicating persistent demand for hedges despite recent market turmoil, suggesting that investors remain bearish [4][11] - There is a generational divide in investor behavior, with older investors being more cautious due to past experiences like the financial crisis, while younger investors are more inclined to "buy the dip" [6][10] - Retail investors have shown resilience in their buying behavior, contrasting with institutional investors who remain hesitant and bearish despite the rally [8][10] Volatility and Market Dynamics - The VIX index is currently low, which raises concerns about potential volatility, as low volatility can precede significant market movements [2][3] - The market is experiencing low correlation among major stocks, which could lead to increased volatility if correlations rise [15][16] - The concept of "FOMO" (Fear of Missing Out) is influencing investor behavior, with concerns about whether this sentiment will continue or lead to a market correction [18] Historical Context and Psychological Factors - Historical patterns indicate that significant market downturns often lead to psychological barriers for investors, particularly those who have not experienced severe market corrections before [12][13] - The discussion highlights the importance of understanding past market behaviors and the psychological impact on current investment strategies [9][12] - The market's current state is compared to previous periods of low performance, raising questions about the sustainability of the current rally [12][13]

Market Structure Insights - Current market structure indicates a potential for increased volatility, as observed in early Q4, aligning with previous predictions made in April [3][4] - The market's behavior is often mathematical and predictable, with the "123 rule" suggesting that a narrow spread in SPY could signal upcoming volatility [5][6] Fund Behavior and Market Dynamics - The Growth Fund of America holds a significant amount of cash due to redemptions, while BlackRock has gathered $26 billion in assets, primarily directed towards large-cap stocks [7][8] - Market makers like Citadel, Susquehanna, and Jane Street play a crucial role in pricing large caps and ETFs, and narrow spreads can lead to volatility when economic conditions change [8] Volatility Trends - Recent data indicates that the market has experienced one of the longest periods of stable sentiment since 2018, with a notable event on October 10 marking significant volatility [10][11] - The upcoming options expirations are critical, as they may reset market conditions and influence volatility, with a notional value of $1.2 trillion in zero days to expiration options [12][13]

Crypto exchange Gemini announced on Wednesday that it is bolstering its services in the island nation after securing formal registration with the country’s anti-money laundering regulator, as new rules governing crypto exchanges are set to take effect. Gemini’s local entity, Gemini Intergalactic Australia, Pty Ltd, is now registered with AUSTRAC, Australia’s financial intelligence and anti-money laundering regulator, which requires registration before offering crypto exchange services. Prior to this, users ...

https://t.co/Uo0F8wjFNSflyingtulip.com (@flyingtulip_):A unified onchain exchange, engineered from first principles.Stablecoin, money market, spot, derivatives, insurance.Better yield, better UX.Thanks @PineAnalytics for the thoughtful breakdown. ...

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

Capstone Investment Advisors, a New York-based hedge fund, is planning to close its Hong Kong office after approximately four years of operation, reported Bloomberg. This move underscores the difficulties faced by newcomers in the region, who must contend with established firms such as Millennium Management and Point72 Asset Management, both of which boast substantial financial resources and over 15 years of operational experience in the area, reported the publication. Additionally, they are competing ag ...