Category: Market News

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October 04, 2023 BY Elizabeth Anderson

Brokeree integrates Exposure Manager into TraderEvolution Platform

The technology involved in the integration from the Brokeree Solutions side is Exposure Manager – a post-execution hedging solution for automated risk management. Through this integration, the Exposure Manager, previously exclusive to MetaTrader brokerages, now evolves into a multi-platform solution. As a result, all brokers who provide their services via the TradeEvolution platform gain access…

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October 03, 2023 BY Elizabeth Anderson

Amicus Therapeutics strikes $430m strategic financing deal

This deal puts Amicus in a better position to increase its revenues and become a leading biotech in the field of rare diseases. Blackstone only requires interest-only payments until late 2026, with a maturity date of October 2029. Apart from debt refinancing, the money will also go towards continued operations. The President and Chief Executive…

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October 03, 2023 BY Elizabeth Anderson

MarketAxess (MKTX) acquires AI-trading firm Pragma

The move is likely to strengthen MKTX’s position as one of the leading platforms for fixed-income securities trading. The US-based company already has a client base of 2,000+ firms who rely on the OpenTrading marketplace to conduct secure trades and drive cost-savings. MarketAxess CEO Chris Concannon said he was delighted to close the deal for…

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GDP
September 29, 2023 BY Elizabeth Anderson

Bond market breathes much-needed sigh of relief

After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…

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September 29, 2023 BY Elizabeth Anderson

Global government bonds experience largest 2023 sell-off

Some investors believe this is just the tip of the iceberg and predict government bonds will weaken even further. They may have a point, as both US and German government bond yields were pegged for significant quarterly increases but failed to live up to expectations. Poor performances dashed the hopes of fund managers who thought…

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Coinbase crypto exchange expands custodial services in Asia market
September 29, 2023 BY Elizabeth Anderson

Coinbase gets Bermuda Monetary Authority green light

This news follows the May announcement regarding the company’s launch of the Coinbase International Exchange. This is a non-US exchange with a class F licence from the BMA. Experts believe this regulatory approval will open doors for crypto asset trading. This would be a positive move for the industry at a time when financial regulations…

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September 26, 2023 BY Elizabeth Anderson

Weekly data: Oil and Gold

The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost 5% and, since durable goods orders are a leading indicator of manufacturing activity, then, if the expectations are confirmed, there might be some…

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September 25, 2023 BY Elizabeth Anderson

Performance of new tech arrivals since IPO launches

All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations.  It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…

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September 08, 2023 BY Elizabeth Anderson

European stocks experiencing longest slump since February 2018

Miners and technology stocks drew the shortest end of the stick, while utilities and healthcare subindexes regained some ground. Tech stocks did not escape the trend and took some amount of strain. Experts attributed this to China’s intention to broaden its ban on the use of iPhones, as government sectors and affiliates distance themselves from…

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