With new #CPI data released this morning, this underscores the importance of hedge funds and asset managers obtaining a broad view of #macro and other diverse data sets. Then it's about bringing the data sets into their workflows. #macro-data #hedgefunds #tradingstrategy

Wall Street has long used automated algorithms to place trades. But investors haven’t made much progress relying on AI to tackle their biggest challenge: beating the market. wsj.com/articles/ai-ca…

Robinhood plans to offer 24-hour trading of selected stocks and exchange-traded funds, five days a week wsj.com/articles/robin…

Overnight Trading Gains Traction tinyurl.com/2pzgqlrd

Franklin Templeton Franklin Templeton to acquire Putnam Investments for $925m By Alex Steger Citywire Franklin Templeton is to acquire $136bn asset manager Putnam Investments for $925 Mn. citywire.com/pro-buyer/news…

The comment period has ended on the SEC's plans to revamp equity market structure, with many urging the regulator to take an incremental approach to implement the transparency proposal and drop the controversial auction proposal. But uncertainty remains: zurl.co/KoEc

Wealthfront launches a robo adviser for one of the most boring and in-demand asset classes wsj.com/articles/buyin…

Glue42 and Finsemble Merge to Form Interop Powerhouse interop.io/?utm_source=tw… a-teaminsight.com/blog/glue42-an… #desktopinteroperability #automatedworkflows #capitalmarkets Interop io

To all my Twitter friends, I've accepted the role of CEO of the Long Term Stock Exchange. I couldn't be more excited to be part of a marketplace with different values, supporting and highlighting our nation's great sustainable companies. ltse.com

This interesting. Robinhood is getting into the retirement business but is not charging investors a fee based on percentage of retirement assets. Instead, it will monetize retirement accounts the same way as its regular accounts: via trading revenues.

The release of ChatGPT, and its viral success in responding to human prompts in natural language, has pushed asset managers and trading firms to embrace the technology rather than risk falling behind. Now firms are racing to produce results: zurl.co/P6Dl #fintech

T+1 could be disruptive. How will non-US asset managers in Europe and Asia adjust to confirm, allocate and affirm trades? And how will it effect buy-side firms executing an FX transaction, which settles in T+2? Find out how the buy side is preparing: zurl.co/X1GH

Turning to SEC equity market structure proposals…What about the fifth proposal on volume-based pricing tiers?

SEC Approves Bitcoin ETFs for Everyday Investors wsj.com/finance/regula…

Earnings Conference Call Analyzer - LLM paper arxiv.org/pdf/2404.18470 FinX StockX

Detailed story on quant trading pioneer, mathematician and philanthropist Jim Simons via WSJ Markets. “I want models that will make money while I sleep,” Simons told a friend at the time. “A pure system without humans interfering.” tiny.cc/0wg1yz

Seeking more tailored liquidity in European equities, the buy side has forged direct relationships with market makers. Major #ELPs/SIs are streaming prices directly to the buy-side via EMSs. Read more here: tinyurl.com/yxztmjdj #bilateral liquidity #MiFID #marketstructure

New SEC rules on tick sizes and access-fee caps will benefit retail investors. Experts assess the impact on brokers, exchanges and institutional traders. flextrade.com/resources/sec-… #equitymarkets #fintech #regulations

NYSE Arca to extend weekday trading to 22 hours/5 days ago. Extended trading session would run from 1:30 am to 11:30 pm ET, pending SEC approval. marketsmedia.com/nyse-arca-equi…

With the NYSE 🏛 planning to offer 22/5 trading in US stocks, many venues are watching the #overnight #trading space. The demand is coming from retail investors in Asia through Blue Ocean ATS. Find out about OTC Markets Group launching 2 ATSs & the "SIP." tinyurl.com/c9y9e6s5