Category: Forex

Computer in lab
October 04, 2023 BY Elizabeth Anderson

Biohaven (BHVN) prices its $225m public offering of common shares

Analysts pegged the gross proceeds of this public offering at about $225m. Should the customary closing conditions be met, the offering will close on 5th October 2023. Biohaven indicated that the funds from this offering will go towards general corporate operations. The company appointed J.P. Morgan, TD Cowen, Leerink Partners, and Piper Sandler as lead…

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October 04, 2023 BY PureContent

CME Group (CME) posts second-best ever September and Q3 volumes

There was strength across various asset classes, with interest-rate products among those growing at an impressive rate. The standout performer was Ultra US Treasury Bond Futures, which soared to 308,238 contracts. There was also robust volume growth for SOFR futures (+44%) and options (101%). However, last year’s record-setting September meant a year-over-year decline for a…

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October 04, 2023 BY Elizabeth Anderson

US Dollar Index Higher on JOLTs Data

Hiring was unchanged at around 5.9m (3.7%); total separations, which, according to the Bureau of Labour Statistics (BLS), include quits, layoffs, discharges and other separations, was also little changed at 5.7m (3.6%). The quit rate came in at 3.6m and was almost the same as the previous month at 2.3%. The BLS noted that the…

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Trader Evolution logo
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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lab
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

Waystone and KB Associates announce successful merger

The merger established a company with assets under management (AUM) of €175bn. It also gained 100 KBA consultants in Ireland, London, and Luxembourg to extend the company’s service delivery reach. This merger rests on a beefed-up governance structure and operating model across all locations, enabling the company to deliver consistent and uniform solutions. Don’t miss…

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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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