Victor Padilla named co-CEO of HIC Land

Charles Schwab revealed this week that its Schwab Trading Activity Index rose to 59.80 in July, up slightly from 59.12 in June, as clients remained net buyers and used late-month dips to add exposure across individual stocks, ETFs and options. The index, known as STAX, is a proprietary behaviour-based measure that analyses retail investor positions…

Advisors also need to be critical of AI outputs. Fact checking and clear sourcing are key to any AI-generated content, and challenging the AI model on anything it has generated can often catch those AI errors. While AI can often tell users that their ideas, questions, and perspectives are all “great,” Zagari says that the…

Large institutional investors increasingly describe Bitcoin (BTC) as a digital counterpart to gold, yet they still place it inside the same portfolio sleeve they use for technology and other crypto-assets. That contradiction sits at the center of a new Bitwise research study based on interviews with senior allocators at 15 major institutions, including pensions, endowments,…

Bloomberg has launched a multi-asset pre-trade transaction cost analysis API, enabling buy-side and sell-side firms to embed execution intelligence directly into their proprietary trading systems for the first time. The company explained in a press release on Wednesday that Pre-Trade TCA API covers fixed income and equities and allows firms to programmatically access its pre-trade…

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