Dismal's Smacks

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dismal-jellyfish

"Every company is a company. However, on rare occasion, some companies become movements."

"Every company is a company. However, on rare occasion, some companies become movements."

Every company is a company. However, on rare occasion, some companies become movements. The company ends up standing for something much larger and more significant than itself. These companies break the traditional paradigm - they can play chess when everyone else plays checkers. -Larry Cheng

Proposed Rule Change to Provide Relief Specified Option Transactions under Rule 4210 (Margin Requirements). Introduces a new exception for CME's "protected option" strategy, which applies to short option positions based on the same index option

Proposed Rule Change to Provide Relief Specified Option Transactions under Rule 4210 (Margin Requirements). Introduces a new exception for CME's "protected option" strategy, which applies to short option positions based on the same index option

https://public-inspection.federalregister.gov/2023-15266.pdf * FINRA is proposing to amend FINRA Rule 4210 (Margin Requirements) to provide margin relief for specified index option transactions, known as “protected options,” and to make other minor conforming revisions with regard to the margin relief. Wut mean?: * The SEC has approved a proposed

NY Fed reports US borrowing issues are rising: Rejection rate for credit applications is at 21.8%, highest since June 2018. Probability of loan application rejection has significantly increased across all loan types, reaching new highs.

Wut mean? Credit application rates in the past year have dropped to 40.3%, the lowest since October 2020, with declines in auto loans and credit card limit requests. * However, there was an increase in applications for credit cards, mortgages, and mortgage refinances. The overall rejection rate for credit applications

FICC Alert! SR-FICC-2023-010: FICC & CME amend Cross-Margining Agreement. The current agreement lacks a clear requirement for joint liquidation at each Clearing Organization. The amendment identifies joint liquidation as the preferred method for default.

* On July 17, 2023, the Fixed Income Clearing Corporation (FICC) proposed a rule change (SR-FICC2023-010) to the Securities and Exchange Commission (SEC). * This proposal involves an Amended and Restated Cross-Margining Agreement between FICC and the Chicago Mercantile Exchange Inc. (CME). * If approved, this Restated Agreement would replace the current Cross-Margining

SEC Alert! Proposed Rule OPEN for Comment to Require Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule.

SEC Alert! Proposed Rule OPEN for Comment to Require Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule. SEC also seeking feedback on whether similar requirements should be applied to broker-dealers & security-based swap dealers. Wut mean? * The SEC is proposing changes to the broker-dealer

Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

CFTC Alert! OPEN for comment Risk Management Program Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral. https://public-inspection.federalregister.gov/2023-15056.pdf Wut mean?

Citadel Securities has entered the U.S. corporate bond market, which is valued at $10 trillion. Citadel: “less electronified and more idiosyncratic, so it requires some further refinement in how we’re leveraging our existing franchise”.

Source: https://www.ft.com/content/9a45f0f3-b2b6-4c94-a453-519d7252d4b5 Highlights: * Citadel Securities’ entry into America’s $10tn corporate bond market looks set to turbo charge an electronic trading revolution in an asset class once dominated by large banks and telephone transactions, say investors and industry executives. * Ken Griffin’s high-frequency market-making firm,