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Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.
CME Group Inc.
Intercontinental Exchange, Inc.
Thomson Reuters Corporation
Interactive Brokers Group, Inc.
MarketAxess Holdings Inc.
Cboe Global Markets, Inc.
Virtu Financial, Inc.
BGC Partners, Inc.
As officials gather in Washington DC for this week’s annual meetings of the IMF and World Bank, the mood on global growth prospects is understandably gloomy . The advanced economies have been hit by major ...
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]
Britain's markets watchdog will take a "pragmatic" approach to financial firms that fail to report transactions on time if there is a no-deal Brexit on Oct. 31, it said on Friday, given the challenges of adapting to big changes midweek. Following Thursday's meeting between the prime ministers of Ireland and Britain, hopes for a divorce settlement have increased. The Financial Conduct Authority (FCA) set out guidance on Friday on what it will do if there is no deal by Brexit day, which is likely to roil investors and markets.
CME Group Inc's physical delivery of aluminium has gained traction since September after expanding its warehousing network beyond the United States into Europe and Asia, fuelled by growing liquidity in Asian market, a company official said. "We are starting to see actually more and more materials coming into our warehouses," Young-Jin Chang, CME's Global Head of Metals told Reuters by telephone on Friday, adding more stocks of the light metal were expected in Asian locations. Aluminium stocks at Asian warehouses in Malaysia and Singapore stood at 13,500 tonnes as of Oct. 10, data from CME showed, accounting for more than 70% of its whole 19,221 tonne inventory.
Gallons of ink has been spilled on the question of when value-investing -- the practice of buying treasure priced like trash -- will begin to outperform the market after a torrid decade of returns. To add to the literature is Grantham Mayo van Otterloo’s (GMO) Ben Inker, Head of Asset Allocation at the storied investment firm, who addressed the potential for a reversal in its third quarter letter, released Thursday.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
CME Group said it expects the upcoming launch of options on bitcoin futures contracts to draw big demand from cryptocurrency miners and traders in Asia.The US futures exchange is aiming to launch the new crypto-derivative product during the first quarter of 2020.Tim McCourt, CME Group's global head of equity products and alternative investments, said he expects the new contracts to prove as popular as bitcoin futures, which were launched almost two years ago. As much as half of trading volume for futures is accounted for by Asian and European participants.McCourt said trading has picked up recently for the bitcoin futures. On May 13, a record 34,000 futures contracts were traded, worth US$1.3 billion, and equivalent to 170,000 bitcoin.Now with options on futures, traders will have the ability to more precisely gain exposure to or manage the price risks of bitcoin."While futures give you a one-for-one exposure, whereby the movement of the underlying bitcoin translates directly to a specific dollar value per contract, an option gives you varying strike-price levels and can give you either downside protection, or upside exposure at a fraction of the underlying [assets's] price," said McCourt.An options contract gives an investor the right to buy (a call option) or sell (a put option) the underlying asset at a specific "strike price" on or before the expiration date, allowing the opportunity to take advantage of price moves without actually owning a futures position outright. A futures contract places an investor under the obligation to buy or sell the underlying asset at a contracted price at a specified future time. Bitcoin futures remain a 'buyers beware market' for Hong Kong investorsMcCourt said he expects bitcoin options will enable miners of the cryptocurrency to more accurately hedge the cost of their production. Today, some miners who have operations in China are already using bitcoin futures contracts to hedge.Year-to-date, about 7,000 bitcoin futures contracts, equivalent to about 35,000 bitcoin, have traded on CME Group on average per day.The price of bitcoin has more than doubled in 2019. It was quoted at US$8,215.6 on Wednesday after plunging 40 per cent from a high of US$13,800 recorded in June. Bitcoin's volatility and its drawn-out bear market last year had at one point forced many miners to unplug their gear as the price dropped below their cost of production.In the US, rival International Exchange last month launched a physically-delivered bitcoin futures contract on its newly created market, called Bakkt. The response has thus far been lukewarm, as only some 900 contracts have been traded in the two weeks since launch.McCourt said CME Group has no plan to offer similar physically-settled contracts, adding that its focus currently is on securing regulatory approvals and finalising the preparations for the new option contracts' launch.But some institutional traders see the real opportunities in implementing effective cryptocurrency trading strategies would come from additional instruments beyond just bitcoin, according to Jeff Dorman, chief investment officer and co-founder of Arca, a US crypto hedge fund."There is only so much you can do with just bitcoin alone, [as] there are only that many venues a fund would need to trade bitcoin and bitcoin-related securities," said Dorman, adding that he expects competition faced by the CME Group would be stiff.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.
The British economy is on track to avoid a recession ahead of the latest Brexit deadline, boosted by a return to growth in the services sector. Economists now expect the economy to have expanded in the third quarter, thereby avoiding a recession — defined as two consecutive quarters of economic contraction.
A week after Schwab, TD Ameritrade and E*TRADE cut their base commissions to zero, Fidelity makes the same move while emphasizing their overall value to investors
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 28. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]