Kalshi launched a professional trading terminal with advanced charting, deeper order-book data and multi-leg order management as it expands beyond retail prediction markets. The rollout supports the company's push into institutional derivatives trading after adding regulated crypto perpetuals and hedge fund clearing access through Clear Street.

Wall Street's major banks are expected to report nearly $39 billion in second-quarter trading revenue, driven by heightened market volatility and increased client trading activity. Firms such as JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley have benefited from these conditions, with stock trading desks across many of these institutions approaching record revenues, just shy of first-quarter highs.

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FIA members recently participated in charity golf events in London and Chicago, raising funds for children's charities and community causes. The London event, held at Royal Blackheath Golf Club, saw 71 golfers compete for the Bob Ray Memorial Trophy, with Barclays emerging as the winning team. The Chicago event at Arrowhead Golf Club attracted more than 170 golfers, supporting organizations such as the Greenwood Project and the Autism Hero Project.

US banks including JPMorgan Chase, Bank of America and Citigroup have formed a consortium to create a shared network for tokenized bank deposits, aiming to counter the growing influence of stablecoins. The Clearing House will run the initiative, which mirrors the collaborative approach that created Zelle. Stablecoin transaction volumes rose 72% last year to $33 trillion, highlighting the urgency for banks to innovate.

A recent default simulation exercise by CCP Global, involving 36 clearinghouses, has demonstrated the resilience and operational soundness of central counterparties. The "CCP Global International Default Simulation 2025" exercise simulated the default of a major clearing member, with 35 CCPs successfully managing the situation by hedging or closing out positions within the margin period of risk. Major participants included CME Clearing, Eurex Clearing and ICE Clear.

Hong Kong Exchanges and Clearing has seen record trading volumes for its revitalized US dollar gold futures contract, with daily turnover reaching a high of 16,144 contracts. The surge follows a major revamp of the contract aimed at capturing a larger share of global precious metals trading. The positive market response, supported by tighter bid-ask spreads and broad market participation, reflects growing demand for diversified risk management tools.

Citadel Securities has formally joined the insider trading lawsuit initiated by Susquehanna International Group, emphasizing its commitment to holding any wrongdoers accountable after suffering $28 million in losses linked to the scheme. Citadel described itself as a victim of the alleged insider trading, which reportedly generated over $100 million in profits for the unknown perpetrators. The firm has added it does not know where the leaks came from.

Retail investors are still buying US equities at a near-record pace, but Citadel Securities data show their options positioning is becoming less aggressively bullish. Call demand remains positive, yet the call-to-put ratio has fallen to its weakest level since late March as investors add downside protection around technology and semiconductor shares.