Topics & People

Non-exchange trading venues regulated as broker-dealers by the SEC.

Dodd-Frank
PoliticalEntity

Financial reform legislation enacted after the 2008 financial crisis affecting derivative markets.

A methodology calculating margin requirements based on the risk of an entire portfolio.

Futures contracts based on individual stocks, hampered by SEC/CFTC jurisdictional overlap.

Smart Contracts
Technology

Self-executing programmable contracts hosted on blockchain networks.

Instantaneous clearing and settlement of financial transactions via blockchain.

A foundational database technology offering immediate settlement benefits in finance.

AI systems capable of executing multi-step tasks independently in software or the physical world without human intervention.

Department of Labor
PoliticalEntity

US federal department collaborating with the SEC to safely expose pension funds to private markets.

LedgerX
Organization

A derivatives trading platform acquired by FTX that survived its collapse due to CFTC oversight.

Kalshi
Organization

A regulated financial exchange offering event contracts and prediction markets.

Millennium
Organization

Large hedge fund cited alongside Citadel as a contrast to long-term holding structures.