Weekly Roundup

Social Media and Trading
SEC Chair Gensler hinted at plans for rules on digital engagement practices for use of technology for brokers andadvisors.

StableCoins
The President’s Working Group on Financial Markets released a report and recommendations on stable coins.

Treasuries Trading Platform
It was reported that CBOE plans to issue a new Treasuries trading platform

Source Code
It was reported that a ‘Trojan Source’ bug is threatening the security of source code.

Cloud
It was reported that CME struck a deal with Google as the exchange plans to move all its operations to the cloud.

In the Mix: This Week’s Top FinTech Thought Leader

  • Incoming New York Mayor Eric Adams vowed he would take his first three paychecks in bitcoin. Adams tweeted that “NYC is going to be the center of the cryptocurrency industry.”
  • New York Times author Cecilia Kang spoke in Lisbon at Web Summit 2021 regarding her book, “An Ugly Truth:Inside Facebook’s Battle or Domination.”
  • Vlad Tenev, CEO, Robinhood, appeared on CNBC Disruptors interview where he discussed making financial investment accessible. He also discussed payment for order flow, noting, “I think some of the criticisms ofpayment for order flow, frankly, don’t make sense to me.”
  • Wall Street Journal reporter Alex Osipovich wrote a market structure story that made it to the front page on options market and payment for order flow.