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Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.
Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves. Venture capital investments in crypto and blockchain startups that included funds from corporates have raced to $850 million so far this year, data compiled by PitchBook for Reuters shows.
Nasdaq (NDAQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MarketAxess (MKTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Interactive Brokers' (IBKR) first-quarter 2019 results benefit from higher revenues. However, higher expenses act as a headwind.
Global technology giant SAP is the latest big company to endorse British firms that aim to do good, as more consumers drive businesses to prove their social and environmental credentials. The German software firm has unveiled plans to promote ethical firms on its 2 trillion pound a year trading platform, Ariba - the world's largest business commerce network - where 3.9 million companies in 190 countries buy and sell services. Following in the footsteps of pharmaceutical giant Johnson and Johnson and consultancy firm PwC, SAP will also award more contracts to British social enterprises - firms that aim to do good as well as make profit - although it did not give details.
A slim majority of fund managers now reckon the Federal Reserve has concluded its rate rise cycle, according to a closely watched survey that highlights the dramatic change in investor sentiment since the start of this year. The proportion of investors who expect the Fed to have finished increasing interest rates has risen to 53 per cent, from less than 40 per cent in March, according to a poll by Bank of America Merrill Lynch of 187 managers with $547bn in assets under management. to continue raising interest rates.
Veteran investor Neil Woodford has been dealt a blow following the suspension of three of his stakes in unquoted private companies on the Guernsey stock exchange last night, following his decision to list them offshore in order to reduce his flagship’s funds exposure to unquoted holdings. Mr Woodford shifted his stakes in the biotech company Benevolent AI, cold fusion company Industrial Heat and technology investor Ombu offshore between the middle of last year and March 2019 amid pressure to keep his flagship equity income fund within the financial regulator’s 10 per cent limit for unquoted stocks.
London Capital & Finance scandal has fallen into administration, as 11,600 bondholders wait to see if they will ever get their money back. London Power Corporation, controlled by Simon Hume-Kendall and Elten Barker, filed for administration this month, according to court filings. The pair were named by administrators to LCF, which sold unregulated mini-bonds, as two of four men at the heart of a series of “highly suspicious transactions” involving holiday resorts in Cape Verde, Cornwall and the Dominican Republic, and which ploughed millions of pounds of customers’ money into a web of intertwined schemes.
Company executives hoping to get away with vague remarks on earnings calls with analysts have a new enemy: algorithms. A study by Bank of America Merrill Lynch has found that instructing computer programmes to decode language from the often-dry quarterly calls and use that to inform decisions to buy or sell stocks, can add an extra 6.3 per cent to annualised returns. In particular, unclear language is being identified as a consistent signal to sell a company’s stock, according to the research.
Nasdaq (NDAQ) is poised for long-term growth given continued improvement at index and analytics businesses followed by moderate exchange data products operations.
I ndonesia has arrested eight suspects in what police on Tuesday called the country's biggest ever human trafficking bust, involving 1,200 victims taken abroad as domestic workers. Police said they had uncovered four syndicates that trafficked victims to Morocco, Saudi Arabia, Syria and Turkey with the promise of high-paying jobs since 2014. When the victims arrived, their wages were withheld and some were sexually abused.
Interactive Brokers (IBKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A run of disappointing data in the eurozone and mounting concerns about the health of the global economy have prompted hedge funds and other speculators to amass the biggest bet against the euro since late 2016. Non-commercial traders increased their net short position on the euro by $2.6bn in the week to April 2 to $13.9bn, according to calculations by Goldman Sachs based on US Commodity Futures Trading Commission data released late on Friday. The net short position at 99,184 contracts on the Chicago Mercantile Exchange was the highest since December 2016, Bloomberg data show.
LONDON/DUBAI, April 5 (Reuters) - Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.
Intercontinental Exchange's (ICE) March volume reflects improved Financial ADV partially offset by decline in Commodities ADV.
LONDON/DUBAI, April 5 (Reuters) - Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said. Two of the sources said the plan had been discussed with OPEC members and one source briefed on Saudi oil policy said Riyadh had also communicated the threat to senior U.S. energy officials.