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FCA warns algorithmic trading firms over compliance failures

City Correspondent

Watchdog says some algo traders are coming up short on governance and accountability

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The Financial Conduct Authority has warned algorithmic trading firms over compliance shortcomings as the regulator examines new capital requirements for the sector.

 at 10 specialist firms, the City watchdog found “significant variation in the sophistication of firms and their level of compliance”.

Regulator probes trading firms as it explores new rules to boost UK markets

Lars Mucklejohn

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Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

Milbank hires private equity M&A rising star in Germany

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European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.

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Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

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By David Uberti | Photographs by Shuran Huang for WSJ 

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

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The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

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Corporate profits are on track for a double-digit climb, led by the tech sector.

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

Bank of England Cuts Rates After Tight Vote

The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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The president recounted his experiences when asked about an executive order the White House is preparing.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

U.K. Bank Shares Rise After Car-Loan Ruling Softens Industry Blow

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