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Rosenblatt's Market Structure News Digest

August 31, 2021
  • Yet another leading global market-making firm prepares to enter the business of “wholesaling” US retail stock orders off-exchange
  • Institutional investors increasingly are monitoring retail Reddit pages for market intelligence
  • As Euronext looks toward integrating its Borsa Italiana acquisition, Milan looms large in the Paris-based federation’s future
  • SEC Chair Gary Gensler brings on a longtime critic of Wall Street and retail payment for order flow as a senior adviser
  • Exchange operators Cboe and MEMX propose breaking the penny minimum tick for some US equities
  • Market participants signal they’re ready to shrink the settlement cycle for US stocks from two days to one
  • Republicans and Democrats continue to clash over corporate ESG policies, potentially diverting attention from market-structure issues
  • Mounting evidence that growing reliance on financial technology may favor the industry’s biggest players
  • Policymakers continue to grapple with striking the right balance between investor protection and encouraging innovation in cryptocurrency and decentralized-finance markets

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