Search Results for: dollar
Big Banks Cutting Tens Of Thousands Of Jobs; Huge Implications
September 16th, 2015
Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to have hit a wall, and are now shedding tens of thousands of workers. Three ...
The Next Financial Crisis Won’t be Like the Last One
September 16th, 2015
It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets. Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too ...
Saxo Bank uses Interoute’s advanced network to support its multi-asset trading platform
September 16th, 2015
Award winning trading platform updates currency prices 10 times every second and manages 11 billion dollars of transactions daily. Interoute, owner-operator of one of Europe’s largest networks and a global cloud services platform, has announced that Saxo Bank, a specialist ...
Financial services Firms published their Trading Volumes for August 2015
September 16th, 2015
KCG Holdings, E*TRADE Financial Corporation and Alpari have issued press releases to inform regarding their Trading Volumes and Activity for August 2015. KCG released for August that: In Market Making, KCG averaged $35.6 billion dollar volume traded, 4.5 billion ...
The president of China’s biggest brokerage is under investigation
September 16th, 2015
The president of China’s largest brokerage has been caught in Beijing’s widening probe of insider trading. Cheng Boming, the president of Citic Securities, is being investigated for “insider dealing and leaking inside information,” the company said in a stock ...
U.S. oil extends gains on stock-draw, Brent lags with Asian economies
September 16th, 2015
U.S. oil prices extended gains in Asia on Wednesday on an unexpected stockpile draw and higher gasoline prices, while international crude markets were weaker on the back of low Asian economic growth expectations. Front-month U.S. West Texas Intermediate (WTI) ...
Asian Stock Markets Bounce Back
September 16th, 2015
Regional markets come off multiyear lows ahead of Federal Reserve meeting Most markets in Asia climbed back from their lowest levels in years on Wednesday, ahead of an announcement from the U.S. Federal Reserve on whether it would raise ...
SEC Obtains $30 Million From Traders Who Profited on Hacked News Releases
September 15th, 2015
Litigation Continues Against 32 Other Defendants in Alleged $100 Million Scheme The Securities and Exchange Commission today announced that Ukrainian-based Jaspen Capital Partners Limited and CEO Andriy Supranonok have agreed to pay $30 million to settle allegations they profited ...
UBS reveals its interest in Sidechains as well as Ethereum
September 15th, 2015
There is an air of confidence about UBS at this time concerning the bank’s exploration of distributed ledger technology and smart contracts. Recently, UBS demonstrated how a bond could be automated on a blockchain, the shared ledger system similar ...
China’s currency could double losses this year – economists
September 15th, 2015
Watch out! China’s currency is likely to tumble further before the end of the year, according to a CNNMoney survey of economists. The yuan, also called the renminbi, is expected to slide another 2.8% against the U.S. dollar by ...
