Risk Management: Exchanges, Trading and Clearing

The LSE-Refinitiv deal and how data is now exchanges’ top priority. Plus: an interview with the banker overseeing the switch from Libor; the clearing reforms set to ‘disrupt’ asset management; how exchanges are responding to demand for socially conscious ESG products; the effects on trading tactics of passive investing’s popularity
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Big deals in vogue again as focus shifts to trading from capital-raising

Banker overseeing switch to Sofr says change is coming despite rate volatility

Advent of ETFs lifts volatility and has major implications for execution of trades

Environmental, social and governance issues weigh more heavily in investors’ minds

Costs are set to rise — but the question of how much and who pays is yet to be decided

SEC pressure threatens to hamper ambitions to charge more