Derivatives marketplace CME Group (NASDAQ:CME) has just released its volumes report for 2018. The average daily volume (ADV) reached a record 19.2 million contracts, up 18% YoY. Highlights include: Record Interest Rate ADV, up 22 percent to 9.95 million contracts Record Metals ADV, up 12 percent to 638,000 contracts Record FX ADV, up 9 percent…
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When truth is stranger than fiction, we tend to pay attention, if only to laugh at the absurdity of the moment. A Georgia State Senator and former candidate for governor, Michael Williams (R), reported to jail after indictments were filed for his arrest. The Republican conservative from Forsyth County was best known for his outrageous…
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Deutsche Börse has informed that the gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased with seven more tonnes in 2018 to 181.47 tonnes. The end of 2017 marked a new all-time high with 175.04 tonnes. At the beginning of 2018, 174.24 tonnes of gold were stored in the central vault for German…
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Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…
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LeapRate Exclusive... Patrick Springer, former MD of Morgan Stanley, has joined LeapRate to share some details on asset tokenization and why rebalancing your asset allocation is the next best move. LR: Hi, Patrick and thank you for joining us today. I came across your article about allocating assets the other day. Could you explain LeapRate’s readers why…
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The following article is courtesy of research firm Investment Trends. Research firm Investment Trends today released its December 2018 Investor Intentions Index, a monthly study that tracks Australian investors’ market outlook and intended investments. The study draws on monthly surveys participated by 2,195 Australian investors over the last 12 months. Aussie retail investors predict flat…
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Multibank FX aggregation service FXSpotStream has just announced its trading volumes for the month of December 2018. FXSpotStream has reported record figures indicating continued and rapid growth for the company back in October. Unlike most other FX venues, the FXSpotStream Service was open 21 days (versus 20) in December. ADV in December MoM (Dec vs…
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Deutsche Börse has announced that its Cash Market reached an order book turnover of €1.72 trillion in 2018. This is the highest record since 2008 and a rise of 17% YoY (€1.47 trillion). €1.57 trillion of this amount were attributable to Xetra, €40.11 billion to the Börse Frankfurt venue and €105.81 billion to Tradegate Exchange.…
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If 2017 was the "cryptocurrency heaven", 2018 was the "hell". The prices of Bitcoin went from $20,000 per coin in December 2017, to $3,500 in December 2018. Now, the community is wondering what 2019 will bring to the cryptocurrency market, especially when crypto "enthusiasts" like Mike Novogratz are predicting strong bullish trends and cosmic cryptocurrency…
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While most people are concerned with the energy consumption of Bitcoin, or rather, the process of its mining, many fail to acknowledge that Ethereum, among the top three cryptocurrencies in the world by market cap, is consuming not less energy than the "people's currency". Ethereum reportedly consumes around 25%-50% of what Bitcoin does, which means…
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