Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Banks halted on exchanges, Silicon Valley Bank now closed by California regulators
Banks were halted on exchanges due to volatility and double digit decrease in share price, while 2-year treasury yield plunges
Quick Take
- Signature bank halted after dropping a record 22%, while 30% down in the past five days.
- Other banks have been halted, including First Republic and SIVB.
- SIVB is down 60%; these three banks have combined nearly $500 billion in deposits.
- SIVB fundraising has so far failed, with deposit outflows outpacing the sale process.
- SVIB now closed by California regulators
- First Republic announced a capital raise of $125 million, share price continues to collapse.
- The two-year treasury yield is down 45bps from yesterday's high, which is the biggest two-day drop since Lehman (2008)
