Description
In the January 2025 of Market Structure Insights we cover:
- how the SEC — without any warning — just made it a lot harder to scrutinize and comment on exchange filings;
- an avalanche of end-of-Gensler-era SEC enforcement cases;
- the SEC’s long anticipated case against Elon Musk over his position reporting violations;
- MSRB’s request for comments on bringing pre-trade transparency in the muni markets;
- NYSE’s efforts to imitate Nasdaq’s “inflation” adjustments for data products;
- the Fifth Circuit Court of Appeals’ recent decision to at least temporarily block the bipartisan Corporate Transparency Act from going into effect;
- how federal Bitcoin policy is getting — odd;
- how the largest asset managers, banks, and even the Federal Reserve Board of Governors ran away from climate finance initiatives in advance of Inauguration;
- President Trump’s unprecedented efforts to personally monetize on the Presidency with aggressive merchandising before being sworn into office;
- Circle’s circuitous route to a long-delayed IPO;
- how the latest Chinese-government-backed hacks, the Biden Administration’s blacklisting of a key Tesla supplier, and the TikTok ban all factor into the rapidly changing China policy landscape;
- how key folks in the Trump economic policy team are making their way through Congress and to their new offices;
- a breakdown of the SRO filings for 2024; and
- the relentless rise of off-exchange trading
Plus full coverage of the markets and more.