Market Overview As Donald Trump approaches 100 days in office (will be on Saturday 29th April), markets have been preparing for his “huge” tax plan. However the announcement of Trump’s tax plan has left more questions than answers as the dollar and equities sell off. Markets have subsequently given the announcement a fairly luke-warm response.…
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Deutsche Börse AG published its results for the first quarter of 2017 on Wednesday. Net revenue stood at €623.4 million, an increase of 2% year-on-year (Q1/2016: €610.5 million). The increase was largely driven by the very positive developments in the Clearstream segment as well as the growth in fixed income derivatives at Eurex. These trends…
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Kraken Digital Asset Exchange launched support for tether-USD (USDT/USD) trading on March 29 and now adds 2x leveraged margin trading for this pair. Further enhancements to the margin program include higher 5x leverage for other trading pairs: Bitcoin-USD (XBT/USD): 5x Ether-bitcoin (ETH/XBT): 5x Ether-EUR (ETH/EUR): 5x Ether-USD (ETH/USD): 5x Margin trading for USDT/USD will help…
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The Canadian Securities Administrators (CSA), the council of the securities regulators of Canada’s provinces and territories which co-ordinates and harmonizes regulation for the Canadian capital markets, has published for comment National Instrument 91-102 Prohibition of Binary Options. The proposal would prohibit advertising, offering, selling or otherwise trading a binary option to an individual throughout Canada. Given that…
Read moreWe exited a long vertical call spread in natural gas on Tuesday due to April expiration of the options and the underlying futures. This indeed is a reminder that options are indeed a decaying asset that one needs to be aware of at all times. Nevertheless, we are seeing renewed interest with the new active…
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The Euro is trading slightly lower against its US counterpart in today’s trading after rallying for the past few days and some say this is just a small bump in the road and the European currency has further to climb. At 6.10pm(GMT) the Euro was trading at $1.0873 down from $1.0925 in yesterday’s trading. After…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in Poland that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has continued its quite unusual pattern of up-and-down performance with a very slow quarter to begin 2017. XTB has indicated in…
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Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has appointed Deborah A. Bussière as Global Chief Marketing Officer, effective May 8. In this role, Bussière will be responsible for directing Broadridge’s global marketing functions, including execution of the company’s brand strategy, product marketing efforts, corporate communications, and digital and social media marketing. She will…
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Both organizations are working to jointly develop and deliver a module on blockchain and distributed ledger technologies The National University of Singapore (NUS) School of Computing and the IBM (NYSE: IBM) Center for Blockchain Innovation (ICBI), a part of IBM Research, are collaborating to jointly develop a module on financial technology, to better equip students…
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Background Gold has spent a week or so retracing since topping at $1,297.4/oz on April 17. Yesterday was a good day for the bears as we saw selling from $1,279.9 to $1,262.8, posting a red candle with Marabuzo resistance at $1,271.7, which is also an intra-day reference. We have $1,261.1 and $1,256.6/oz cited as important…
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