CME Group secured SEC approval to register CME Securities Clearing Inc., with launch targeted for Q2 2026. The new utility will support the SEC’s phased mandate to centrally clear U.S. Treasuries (by Dec. 31, 2026) and repo (by June 30, 2027), add capacity and optionality for dealers and buy‑side firms, and offer capital efficiencies via enhanced cross‑margining with FICC. By supporting both “done‑with” and “done‑away” executions, CME aims to ease the industry’s transition to expanded clearing and bolster market resilience.
Source: FinanceFeeds
ESMA sets 2026 EU‑wide sweep to tighten MiFID II conflict‑of‑interest controls
Europe’s markets watchdog will launch a Common Supervisory Action in 2026 to assess how investment firms identify, prevent and mitigate conflicts of interest under MiFID II. The review will zero in on remuneration and inducements, digital distribution “nudges,” and governance frameworks to ensure product recommendations align with clients’ best interests—not sales targets—while driving supervisory convergence across Member States.
Source: FinanceFeeds
Bank of America opens the door to crypto: 1%–4% allocation guidance for wealth clients
Bank of America will allow Merrill, Private Bank and Merrill Edge advisers to recommend crypto allocations of 1%–4%, bringing one of the largest advisory networks in line with rivals. Beginning Jan. 5, 2026, the CIO will also cover spot bitcoin ETFs from BlackRock, Fidelity, Grayscale and Bitwise—potentially shifting flows from ad‑hoc client demand to model‑driven allocations across mainstream wealth channels.
Source: FinanceFeeds
Vanguard reverses course, will allow trading of crypto ETFs on its platform
Vanguard, long a holdout on digital assets, will permit clients to trade third‑party crypto ETFs and mutual funds starting in early December. While the firm still isn’t launching its own products, the policy shift gives millions of brokerage customers regulated access to bitcoin and other crypto exposure—another marker of crypto’s march into the investing mainstream.
Source: FinanceFeeds
Kalshi’s $11B valuation propels prediction markets into the financial mainstream
Kalshi raised $1B at an $11B valuation as weekly trading volumes on its regulated event‑contracts platform top $1B. The company is expanding brokerage integrations and media partnerships, positioning real‑time, market‑implied probabilities as a new information layer for investors, corporates and newsrooms—and solidifying prediction markets as an emerging asset class.
Source: FinanceFeeds
FDIC stablecoin framework due this month; bank‑linked issuers under direct oversight
Acting Chair Travis Hill said the FDIC will publish its first proposed guidelines under the GENIUS Act, outlining how FDIC‑insured banks’ subsidiaries can issue payment stablecoins and how applications will be evaluated. A second proposal early next year will cover capital, liquidity and reserve norms for issuers, while separate guidance on tokenized deposits is in the works—signaling a more coherent U.S. approach to digital‑dollar instruments.
Source: FinanceFeeds
EU agrees to end Russian gas imports by late 2027, accelerating energy re‑wiring
Brussels reached a political deal to halt Russian gas imports by the end of 2027, intensifying Europe’s post‑Ukraine energy pivot. The plan is expected to spur additional LNG and infrastructure investment, further diversify supply, and reshape regional power and industrial cost dynamics as the bloc reduces its dependence on Moscow.
Source: Seeking Alpha
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