FTAV Q&A: Steve Berkley

Certain people ~cough~ at FTAV Towers are above-average interested in indexing, and how indices have evolved from snapshots of markets into a phenomenon that enjoys enormous influence over them. Stock market indices get most of the attention. That’s understandable, given how most of the multitrillion dollar passive investing industry is in equity index funds. But … Read more

Why copper tariffs are different

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters … Read more

Trump is sowing confusion in the markets

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world There are many reasons to feel confused by current American policy. US President Donald Trump keeps issuing “final” tariff threats — then backing down. The White House wants to create industrial jobs — … Read more

US needs to prepare markets for the risk of a Chinese invasion of Taiwan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is chief executive of GTS, a market making and proprietary trading firm The past few years have shown investors that they should expect the unexpected in geopolitics. Russia’s full-scale invasion of Ukraine and … Read more

India on track for record IPO year

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India is on track for a record year in initial public offerings after the value of primary listings reached their highest year-to-date level on the back of interest rate cuts and strong domestic demand for … Read more

Citadel Securities buys Morgan Stanley’s electronic options market making unit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin’s Citadel Securities has bought Morgan Stanley’s electronic options market making business, underscoring how high-frequency trading firms now dominate an industry once ruled by Wall Street banks. Citadel purchased both the underlying business from … Read more