Partner and Co-Founder of Themis Trading, Co-Author of 'Broken Markets'

NJ
Joined March 2009
“We have determined that our shares should not trade on a venue that does not display best prices in real time, report to the consolidated tape, or provide the transparency investors expect,” said a Nasdaq spokesperson wsj.com/finance/stocks/from-…
Tokenization could free up tens of billions of dollars in capital tied up in assets used as collateral across the global financial system, Nasdaq CEO Adena Friedman said. Tokenizing assets such as Treasurys, equities and money market funds, along with the flow of money, could make collateral "very fluid," Friedman told CNBC at TOKEN2049 in Singapore. Find out how tokenization can drive the shift towards fully 24/7 markets: cnb.cx/4hQeCyO
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Beware of grifters who offer to "democratize" access.
"It is the great equalizer. It is the democratization of economic opportunity." OKXICE Co-Chair and former NY Governor @andrewcuomo spoke about the convergence of TradFi and crypto at OKX Now.
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Joe Saluzzi retweeted
The Brooklyn DA’s office has disrupted a multinational cryptocurrency-scam network centered in Eastern Europe, capping a years long effort to stop a fraud operation that has stolen tens of millions of dollars from Americans. Exclusive by @pattersonscott bloomberg.com/news/articles/…
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There are now 4 companies which have issued a Notice of Issuer Objection to the OKXICE tokenized stock venue okx.com/cdn/assets/files/261…
Today we are announcing a major step forward for OKXICE, the joint venture between @okx and Intercontinental Exchange, parent company of @NYSE: OKXICE has notified the SEC that we intend to launch our Tokenized Securities Venue (TSV) under the SEC’s new Innovation Exemption. Our notice includes more than 60 companies listed on U.S. stock exchanges. This is a landmark step toward a truly global, 24/7 Wall Street — and toward keeping the future of digital finance anchored here in the United States. The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next. And we’re just getting started. okx.com/en-us/okxicetsv
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Joe Saluzzi retweeted
Today, the CFTC indicated that it wants to adopt new rules to legitimize crypto assets and give the crypto industry what it has long desired. See the link below to learn more about what that means for the future of the industry and investor protection.
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Undeniable?
OKX filed with the SEC on Sunday to launch a tokenized-stock trading platform, making it one of the first major crypto exchanges to take advantage of new US rules allowing digital versions of public-company shares to trade on crypto venues bloomberg.com/news/articles/…
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Joe Saluzzi retweeted
The SEC's proposed crypto custody rules abandon longstanding protections that safeguard investor assets in favor of a lax regulatory regime that benefits the crypto industry. See below.
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Look who decided to wake up and do their job.
SCOOP: The CFTC is conducting a sweep of incentive programs offered by prediction-market platforms over concerns that some are using misleading promotions to attract traders, @FOS has learned. An “action” of some kind is expected by the end of this week. frontofficesports.com/articl…
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Wash trades on a prediction market? Who could have predicted that?
Traders on the prediction market Kalshi have made almost one million trades in a single market since August that were in nearly identical amounts, unusual activity that has caught the eyes of traders on.wsj.com/3T3yc2t
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Jeff Sprecher and ICE spent $1.6 billion for a 22% ownership stake of Polymarket.
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Panelists at the SEC 24-Hour Roundtable were just asked about how much interest there was from institutional investors for 24 hour equity trading and the answer was little to none. We have heard similar responses from institutions.
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Only 7% of current overnight volume is from Institutional accounts. Yet the @SECGov keeps pushing for 24-Hour trading.
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Will the SEC charge Section 31 fees for trades executed on these new tokenized venues? Considering the amount of time the SEC spends on crypto, only seems fair that part of their budget is funded by trades on these new TSVs.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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All that crypto lobbying money for the Clarity Act....
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