This Week's Top Stories

February 25 2021
The experience of the Hong Kong Stock Exchange is the latest example of how raising or changing financial transactions taxes can damage market liquidity. In spite of a genuine need for governments to increase revenues, FTTs create negative shock waves that threaten what exchanges and economies do best; there are other approaches to taxation that hurt less.

February 24 2021
The pandemic may have revealed the margin expense of volatility, but the recent “meme-stock” controversy certainly punctuated it. And as calls for shortening the settlement cycle to mitigate associated risks grow, the Depository Trust & Clearing Corporation is proposing a two-year industry roadmap for US equities to shift to T+1. Here are some of the points made at an analyst briefing with DTCC execs.