The Weekly Wrap (Fri, March 26th)

Markets at a Glance

Market Data courtesy of Yahoo Finance and treasury.gov

US equities up while tech stocks are down for the week. Treasuries took a breather from the recent sell off and yields fell led by the long end. Stay tuned for NFP Friday next week!

Good Reads

• AccessFintech making it their mission to create the next gen resolution solution for settlement fails. This week’s announcement with Broadridge Partners comes on the heels of another partnership announcement earlier in the month with Symphony.

Broadridge Partners with AccessFintech to Transform Resolution of Settlement Fails

• Pandemic and the Prime: The primary takeaways here are prime as a service (common API platforms standards, disintermediation of services) and cost reduction (implementing API and cloud based platforms to leverage new technologies)

Prime brokers and coronavirus: five industry observations - Global Custodian - The Leading…

• Shoutout to my old TDS electronic fixed income tech team for taking over the e-trading space one shop at a time!!

TD Bank Group to acquire electronic fixed income trading business

It’s my first day…

So for every day that the Ever Given is stuck in the Suez Canal, it holds up $9.6bn worth of goods!

Couldnt help but conjure up this image…

Suez Canal: Fresh effort to refloat wedged container ship