Search Results for: Merrill Lynch
Market Volatility Has Currency Traders Abandoning a Tool to Stop Losses
October 30th, 2016
Some currency investors, worried that events such as the pound’s recent collapse could become more common, are abandoning an automated trading mechanism that was supposed to protect them from losses after big market swings. The trading mechanism, known as ...
The B2 Group appoints Director, Strategy and Business Development
October 4th, 2016
The B2 Group, provider of cloud based payments, FX and funds STP software and consultancy solutions to administrators, transaction banks and corporates across the globe today announced the appointment of Bill Wrest to the position of Director, Strategy and ...
Bitcoin-Inspired Technology Starts to Reshape Currency Markets
September 27th, 2016
Product likely to lower the costs of cross-border transactions Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of ...
CBOE Holdings Agrees to Acquire Bats Global Markets in a $3.2 billion deal
September 26th, 2016
CBOE Holdings, Inc. (NASDAQ: CBOE) and Bats Global Markets, Inc. (Bats: BATS) today announced that they have entered into a definitive agreement, which has been approved by the Board of Directors of each company by unanimous votes of the ...
Thomson Reuters Strengthens Buy-Side Trading Capabilities with REDE Acquisition
September 23rd, 2016
Thomson Reuters has signed a definitive agreement to acquire REDI Holdings, a trading technology pioneer whose flagship REDIPlus execution management system (EMS) provides advanced cross-asset class trading capabilities to the buy-side. The acquisition is expected to close by the ...
Asian stocks fall to six-week lows as bond rout intensifies
September 14th, 2016
Asian stocks wallowed near six-week lows on Wednesday and the dollar stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world’s major central banks to stimulate growth. ...
Here’s How Europe Implodes, Part 1: Italian Junk Bonds And The End Of Austerity
September 12th, 2016
The “whatever it takes” economy is progressing nicely around the world, with governments and central banks doing things that no 20th century economist would have viewed as possible, let alone wise. Now the question becomes, where does this ...
Asian Stocks Retreat as Crude Oil Rallies; Yuan Bears Squeezed
September 8th, 2016
Yuan borrowing costs jump offshore on suspected intervention Euro edges higher before ECB reviews policy; Aussie gains Price swings in financial markets are becoming increasingly muted as investors mull the outlook for monetary policy in the world’s biggest economies. ...
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
Asia shares up as yield hunt drives record flows, pound slips
August 9th, 2016
Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts ...
