Day: March 10, 2018
Bitmain listing lifts lid on crypto finances
The forthcoming listing of Bitmain Technologies, the company that produces the processors through which most of the world’s bitcoins are mined, brings not only the world’s largest cryptocurrency IPO but one of the most fascinating prospectuses in recent memory. The Hong Kong listing of the Chinese company lifts the lid on an often-overlooked section of …
CME initiatives coalesce around spot FX basis spreads
At its launch in March, CME FX Link was heralded as the first-ever central limit order book between OTC spot FX and FX futures markets, enabling more efficient access to FX futures as part of a wider trading strategy. According to Paul Houston, global head of FX at CME Group, the creation of this linkage …
CME initiatives coalesce around spot FX basis spreadsRead More
FX: Market responds to BIS report – ‘That’s evolution, baby’
The Bank for International Settlements (BIS) notes that more than three quarters of global interdealer FX turnover was controlled by just six banks in 2016 compared to 14 in 1998, although it also acknowledges that most of that concentration happened prior to 2008. Roger Rutherford,ParFX The banks that are dominant now were among the first to …
FX: Market responds to BIS report – ‘That’s evolution, baby’Read More
Africa needs international banks – and they need Africa
With the launch of its London office in September, Absa came up with a new slogan: “Proudly African. Truly Global. That’s Absa.” The insistence on the truth of its global nature here almost suggests it is aspirational, at least by comparison to a firm like Barclays, or indeed SocGen. There is no replacing the on-the-ground …
Africa needs international banks – and they need AfricaRead More
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Finance news
 GameStop jumps 5% in extended trading after announcing 4-for-1 stock splitA screen displays the logo and trading information for GameStop on the floor of the ... Read More Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and moreThese are the stocks posting the largest moves in midday trading. Signal2frex feedbacks ... Read More  FTX signs a deal giving it the option to buy crypto lender BlockFiSam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, ... Read More |
