Dismal's Smacks

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dismal-jellyfish

dismal-jellyfish

6/30 JPow met with Rich Tang, Rokos Capital Management. At the end of March, Rokos (a hedge fund) decided to de-risk, following double-digit losses. Why the meeting with JPow? Is this hedge fund getting ready to blow up?

6/30 JPow met with Rich Tang, Rokos Capital Management. At the end of March, Rokos (a hedge fund) decided to de-risk, following double-digit losses. Why the meeting with JPow? Is this hedge fund getting ready to blow up?

London-based hedge fund Rokos Capital Management told investors in a letter on Saturday that it has decided to de-risk, following double-digit losses this month. "We have de-risked following this month's market price action," the hedge fund said in the letter which was seen by Reuters. It

Whistleblower Alert! SEC Awards More Than $104 Million to Seven Whistleblowers the fourth largest in the SEC’s whistleblower program’s history.

Whistleblower Alert! SEC Awards More Than $104 Million to Seven Whistleblowers the fourth largest in the SEC’s whistleblower program’s history.

Since the award can range from 10% to 30% of the fine, the award given is somewhere in this range: * Given that the award is $104 million, the equation could be represented as: * 0.10x≤$104 million * 0.30x≥$104 million * The fine for this award ranged between $346.67

ICE Clear Europe Limited Approves Rule Change for Collateral & Haircut Procedures: "allocated gold would give ICE Clear Europe an interest in specific bars of gold, rather than an interest in shared pool of bars of gold."

Only 'DRS'd' Gold counts as collateral, no more IOUs! Wut Mean?: * ICE Clear Europe is registered to clear security-based swaps and requires its Clearing Members to transfer assets, like cash, as collateral to manage risks from positions they clear. * This collateral is termed "Initial Margin&

BTFP usage UP AGAIN ($106.684B vs $105.078B on 7/26), the 9th consecutive week over $100B. This looks more and more like there's an over-reliance on Fed Funding--growing faster than inflation 'should be,' I believe the BTFP is a moral hazard!

BTFP usage UP AGAIN ($106.684B vs $105.078B on 7/26), the 9th consecutive week over $100B. This looks more and more like there's an over-reliance on Fed Funding--growing faster than inflation 'should be,' I believe the BTFP is a moral hazard!

Good afternoon Superstonk, HAPPY almost Friday! Borrowing from the Bank Term Funding Program hit a NEW all time high--the 9th consecutive week above $100 billion! What we are monitoring: 1. Bank Term Funding Program (BTFP) 2. Discount Window/Primary Credit 3. "Other Credit Extensions" I hope to shed

Submission of Rule Filing SR-FICC-2023-011 Portfolio Differential Charge. FICC conducted a study from 11/2021 to 10/2022, had the PD Charge been implemented during this period, it would've averaged $661 million in the morning. & $822 million at noon.

FICC-2023-011: Wut Mean?: * FICC is introducing a new component, the PD Charge, to improve the way they calculate the GSD Clearing Fund's Required Fund Deposit. * This will address the risks arising from fluctuations in a Member’s Margin Portfolio between the times of collecting their required deposits. * FICC,

Submission of Rule Filing SR-FICC-2023-012 – Margin Liquidity Adjustment (MLA) Charge. FICC has [REDACTED] the Margin Liquidity Adjustment Model Document and has filed it separately with the SEC.

SR-FICC-2023-012: Wut Mean?: FICC is proposing three main changes: 1. Better Calculations for Sponsored Members: For members sponsored by multiple entities, FICC wants to improve how they calculate a specific charge (MLA Charge) to better address the risks of these members possibly not fulfilling their obligations. This includes an additional

William Galvin, Massachusetts’ top securities regulator sent JPMorgan, Morgan Stanley, Tradier Brokerage, US Tiger Securities, E-Trade, Savvy Advisors & Hearsay Systems a letter asking how they use AI

Do they ensure that the AI will not put the interests of the firm ahead of their clients? Sources: https://www.investmentnews.com/galvin-launches-investigation-into-brokers-use-of-ai-240703 https://www.reuters.com/technology/massachusetts-regulators-launch-probe-into-ai-securities-industry-2023-08-03/ TLDRS: * The state of Massachusetts is concerned about what it calls a growing and potentially unchecked use of artificial intelligence