Electronic Trading – EUMAG http://eumag.org/ Tue, 22 Nov 2022 22:40:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eumag.org/wp-content/uploads/2021/06/icon-150x150.png Electronic Trading – EUMAG http://eumag.org/ 32 32 Binance forms a PAC – POLITICO https://eumag.org/binance-forms-a-pac-politico/ Tue, 22 Nov 2022 22:40:00 +0000 https://eumag.org/binance-forms-a-pac-politico/ With Daniel Lipman NOTE ON PROGRAMMING: We will be off for Thanksgiving this Thursday and Friday, but will return to our regular schedule on Monday November 28th. BINANCE FORM A PAC: The US arm of the world’s largest crypto exchange has launched a political action committee coming out of an election cycle awash with contributions […]]]>

With Daniel Lipman

NOTE ON PROGRAMMING: We will be off for Thanksgiving this Thursday and Friday, but will return to our regular schedule on Monday November 28th.

BINANCE FORM A PAC: The US arm of the world’s largest crypto exchange has launched a political action committee coming out of an election cycle awash with contributions from crypto players – some of whom are now under fire as the industry faces new apprehensions from regulators in Washington.

– The Binance.US Innovation PAC is the latest vehicle through which the digital currency industry will seek to make inroads into the DC Rival crypto exchange Coinbaseformed a PAC earlier this year and revealed he was one of the backers of a new dark money group rating politicians on their industry preference and seeking to engage potential voters of cryptography. In September, the industrial trades group Blockchain Associationlaunched its own PAC in view of the 2024 elections.

– And of course, much ink has been spilled about the tens of millions of dollars given to lawmakers, congressional candidates and party committees on both sides of the aisle by the leaders of FTXdonations turned toxic following the collapse of this crypto exchange earlier this month.

— The launch of Binance‘s PAC comes as the exchange played a role in FTX’s demise – first selling its holdings of the native FTX token following a report questioning FTX’s financial stability, then pulling its offer to bail out the exchange from its financial spiral after viewing financial data from FTX.

— Binance has sought to increase its influence in Washington through other means. The retained exchange Hogan Lovells and Ice Miller Strategies last fall after the crypto industry was blindsided by a tax provision included in the bipartisan infrastructure bill at the last minute. Since then, Binance.US has spent $880,000 lobbying to shape new regulations for the industry.

— In September, Binance tapped former Senate finance chairman and ambassador to China Max Baucus to chair its global council of advisers, a group that also includes a Democratic political strategist David Plouffe.

Hello and welcome to PI. Send lobbying and influencing tips: [email protected]. And don’t forget to follow me on Twitter: @caitlinoprysko.

BUSINESS GROUPS INCREASE CALLS TO AVOID RAIL STRIKE: Washington’s trade associations are once again pleading for Congress to intervene in negotiations between railroad workers and employers that are raising renewed fears of a possible strike that could come at the height of the holiday season.

– The largest freight rail union of a dozen that must approve a draft contract with carriers announced on Monday that its members had voted to reject the tentative agreement by a Dec. 4 deadline to avoid a work stoppage. The White House stepped in to broker the proposal in September, averting a potential strike with hours to spare.

Suzanne Clarkthe CEO of the United States Chamber of Commercetoday asked Congress to impose the agreement negotiated by the President Joe Biden, railways and union leaders or risk “substantially” worsening inflation. Unions that reject the deal, she said, are “going back on their word and threatening to be the curmudgeon who stole Christmas by forcing a national rail strike.”

– The Consumer Brands Associationwarned in a letter to congressional leaders and key lawmakers on two labor and transportation committees on Monday that a strike could be “catastrophic,” cutting off “consumer access to basic necessities” while costing up to to $2 billion a day.

– The group called on Congress to intervene as soon as possible to “avoid supply chain disaster, protect American consumers, and lay the foundation for much-needed business continuity.” This call was echoed by the leaders of the National Retail Federation and the Association of Retail Industry Leaders.

– The american chemistry boardwhich warned that its members’ products impacting everything from water treatment to energy and food production would face restrictions as early as a week before a strike, began releasing an internal analysis showing that a shutdown would lead to a spike in consumer prices and a one percentage point drop in GDP.

ICYMI MONDAY—HOW SAUDIS ARE STRUGGLING OIL ADDICTION: Saudi Arabia has developed an “aggressive long-term strategy to keep the world hooked on oil for decades and remain the biggest supplier as its rivals recede”, according to Hiroko Tabuchi of The New York Timesan effort most recently manifested in a successful Saudi push at last week’s United Nations climate summit “to block a call for the world to burn less oil.”

— In addition to the government oil company Saudi Arabia Pouring money into research and higher education in the U.S. and abroad, the kingdom has also invested heavily in U.S. lobbying efforts, including “building alliances in the U.S. states of the corn belt that produce ethanol – a product also threatened by electric cars”.

— The Iowa-based lobbying firm LS2 group “has reached states such as the Dakotas, Texas, Iowa and Ohio” on behalf of Saudi Arabia. “For a retainer of more than $125,000 per month, LS2group targeted local radio hosts, academics, event planners, sports industry executives, a former soccer player, and a club owner. skiing and snowboarding, according to documents filed with the Department of Justice.”

— “Much of this campaign focused on general topics, such as the history of close relations with the United States. However, states like Iowa, the country’s top ethanol producer, could be fertile ground for Saudis’ views on electric vehicles, said Jeff M. Angeloa former Iowa state senator who now hosts a talk show and was approached by Saudi officials.

— “”Ethanol producers here in Iowa say the same thing: “Isn’t it terrible that the Biden administration is forcing you to buy an electric car when we could be producing biofuels right here in the Iowa, make money and support our farmers and be energy independent?” he said.

ETHICS WATCHDOG CALLS FOR STOCK TRADING SURVEY: “A nonpartisan group that monitors government ethics has filed a series of legal complaints alleging the federal government is not properly applying conflict of interest rules,” The Wall Street Journalit is Brody Mullins and Rebecca Ballhaus report.

– “The Campaign Law Center asked the executive agency that oversees ethics rules to investigate what it called shortcomings in multiple agencies’ enforcement. The group also requested that internal investigators from four federal agencies review whether their ethics programs complied with federal rules.

– “The legal filings were prompted by a series of articles in the Wall Street Journal revealing that thousands of federal employees from 50 federal agencies owned stock in companies regulated by the agencies where those employees worked.”

— “The agencies ‘have repeatedly allowed senior government officials to own and trade stock in companies that appear to create conflicts of interest with their official duties,’ the complaint states. “An investigation may determine whether the “Scope and severity of the gaps in ethics program guidance on financial conflicts of interest are greater than those currently known to the public.”

– CLC has filed complaints “with inspectors general of the Environmental Protection Agency, the Department of Defense, the Federal Trade Commission, and the Department of Health and Human Services, in addition to the Office of government ethics.

Stacey Dion was promoted to partner at carlyle. She previously served as Managing Director and Head of Global Government Affairs.

None.

BAM TRADING SERVICES, INC. POLITICAL ACTION COMMITTEE (BINANCE.US INNOVATION PAC) (PAC)
HealthEquity Purple Political Action Committee (PAC)
The Kennedy Project (Hybrid CAP)
Lose Cruz PAC (Super PAC)
Coalition for Patriotic Freedom (Super PAC)
Thales USA, Inc. Political Action Committee (Thales USA PAC) (PAC)

American Defense International, Inc.: Agy Holding Corporation
American Defense International, Inc.: Consortium Management Group
American Defense International, Inc.: Corvent Medical
American Defense International, Inc.: Impulse Space
American Defense International, Inc.: Targeted Hospitality
Biscayne Strategies, LLC: Blue Missions Group
Capitol Core Group, Inc.: City of Perris, CA
Capitol Tax Partners, LLP: Ge Renewables North America, LLC
Dla Piper LLP (USA): Biohaven Pharmaceuticals, Inc.
Fs Vector LLC: Electronic Transactions Association
Fs Vector LLC: Payments Management Council
Groundswell Strategy LLC: Biomerieux, Inc.
JM Burkman & Associates: Adam Spindler
Lot Sixteen LLC: Appliance Manufacturers Association
Lot Sixteen LLC: National Wood Pallet and Container Association
Nexxus Consulting, LLC: Serrato Corporation

Patterson Earnhart Real Bird & Wilson LLP: Mandan Hidatsa and Akira Nation (three affiliated tribes)
Piper-Smith: Ky Simmons College
Robertson, Monagle, & Eastaugh Pc (formerly known to Hoffman, Silver, Gilman and: Vt Halter Marine Inc

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Event-Specific Inflection Points – More Common Than You Think https://eumag.org/event-specific-inflection-points-more-common-than-you-think/ Thu, 17 Nov 2022 16:22:11 +0000 https://eumag.org/event-specific-inflection-points-more-common-than-you-think/ Event-Specific Inflection Points – More Common Than You Think Events happen. As a result, some of the most momentous occasions are on the way – elections, Black Friday, Fed meetings – so we know when to expect them. But anticipating their “directional effect” (i.e. whether the market will react up or down) is another story. […]]]>

Event-Specific Inflection Points – More Common Than You Think

Events happen. As a result, some of the most momentous occasions are on the way – elections, Black Friday, Fed meetings – so we know when to expect them. But anticipating their “directional effect” (i.e. whether the market will react up or down) is another story. At best, investors can expect, with some conviction, the catalyst to trigger either a big relief rally or a disappointment, but they can’t predict which. It’s a bit like tossing a coin – we know it will come up heads or tails, but we can’t predict how it will fall.

We already presented a similar case in issue 1 – a longer-term bifurcated trend for equities, driven by slow but steady factors like inflation or interest rate cycles. But the same phenomenon can happen in a very short time (i.e. in less than 5 trading days).

Examples vary – a general election, Fed meetings, rate announcements (specifically, the Federal Open Market Committee), inflation and employment numbers, etc. , Amazon, JP Morgan, etc.), OPEC meetings, etc.

To identify these impactful “bifurcated outcome” events, look for common indicators; for example, if the market is watchful (i.e. currently, inflation is a priority for most investors) and if the range of expectations is wide (again, the breadth of expectations in terms of inflation is wide).

(Very) Short Term Options Strategy Ahead of Expected Events

Investors anticipating whether an event is likely to trigger a >3% change in 10 days or less (e.g. an election, Fed minutes release, inflation announcement), can deploy a simple straddle strategy .

It is very important to keep in mind that this is an “all or nothing” trade that only lasts a few days. Investors who engage in this strategy typically invest amounts that are marginal to their net worth. The upside has the potential to be significant if the investor’s expectation of a significant market reaction materializes.

The plain vanilla straddle is a very simple transaction: buy put and call option contracts that generate a profit if a security moves beyond a certain threshold. Since the expiration date is a few days away, investors can pay a relatively small amount to replicate the performance of a large amount of underlyings. For example, using the SPY as the underlying (ETF that tracks the SP500), replicating the performance of $39.1k principal moving more than 2% over 8 days would cost around $740.

In this example, we present two alternatives: (1) use the market-wide SPY as the underlying for macro descending events using November 25 expiry dates and (2) use the technology-heavy QQQ ( followed by the Nasdaq). Since SPY has a lower relative volatility than QQQ, we use a threshold of 2% for SPY and 4% for QQQ.

What could go wrong with this type of strategy?

This is a high risk strategy – 100% pass or fail – with very little time until expiration. For this reason, investors will not have enough time to undo this strategy before expiration. So when they commit to the strategy, they have to see it through. Moreover, if the market does not move significantly, the investor is very likely to book a loss of 100% of the capital invested.

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© 2022 Securities are offered by Lime Trading Corp., Member FINRA & SIPC, NFA, Lime Advisory Corp is an SEC registered investment adviser. and Lime FinTech is a technology company. Known collectively as “Lime Financial” or “Lime”, they provide various trading services, investment advice and technology solutions, including web and mobile trading applications, to retail and institutional investors. Any investment involves risk, including but not limited to loss of principal. Further information can be found on our Disclosures page.

Please read the options disclosure document titled “Characteristics and Risks of Standardized Options” before trading options.

Options trading involves significant risk and is not suitable for all investors. Some options strategies carry additional risks and investors can lose 100% of invested funds in a short period of time. Investors should consult a tax advisor on how taxes may affect the outcome of any options strategy. Options trading privileges are subject to review and approval by Lime Trading Corp. Transaction costs can be significant in multi-leg options strategies, including spreads and straddles, as they involve multiple commission fees.

This document has been prepared for informational purposes only and is NOT intended to provide tax, legal or accounting advice. Please consult your own tax, legal and accounting advisers before engaging in any securities transactions, as each individual investment may have various/negative tax implications which will affect the outcome of any investment strategy. Nothing presented herein should be construed as an offer to buy or sell any particular type of securities. This is not an offer or solicitation in any jurisdiction where we are not advertised to do business. Other fees, such as regulatory, service or other fees, may apply. Please visit our pricing page for more information. Investments involve risk, past performance does not represent future results. Diversification can help spread risk but does not protect in a bear market. You risk losing your entire investment. Investors should assess their financial situation, investment goals and objectives before investing. Substantial risks are involved in e-commerce. Day trading involves significant risk and is not suitable for all investors. Please see our Day Trading Risk Disclosure Statement for more detailed information. Margin trading is not suitable for all investors. Please see our Margin Disclosure Statement for more information on the risks. System response may vary due to several factors, including but not limited to trading volumes, market conditions, system performance, and other factors. Access to Electronic Services may be limited or unavailable during peak demand periods, market volatility, system upgrades, maintenance or for other reasons.

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Connecting the Dots: Why Financial Markets Aren’t 100% Electronic https://eumag.org/connecting-the-dots-why-financial-markets-arent-100-electronic/ Tue, 15 Nov 2022 01:08:21 +0000 https://eumag.org/connecting-the-dots-why-financial-markets-arent-100-electronic/ By Richard Hunter, Director of Client Solutions, IPC The “Fintech era” took off in the mid to late 1980s with the advent of the first automated tools to support financial market transactions. In a short time, these products and services have evolved from basic screen-based communication solutions facilitating instant access – initially to interbank counterparties […]]]>

By Richard Hunter, Director of Client Solutions, IPC

The “Fintech era” took off in the mid to late 1980s with the advent of the first automated tools to support financial market transactions. In a short time, these products and services have evolved from basic screen-based communication solutions facilitating instant access – initially to interbank counterparties – to more sophisticated price distribution, conversational trading and price matching systems that revolutionized the way traditional markets were traded.

The Big Bang of equity markets in the late 1980s, replacing out-of-call trading with fully automated trading, was followed in the early 1990s with the first matching systems for spot forex. Electronic trading very quickly became the dominant method for inter-dealer FX. Today, the majority of wholesale trading activity in equities, currencies and fixed income securities is conducted electronically, whether through electronic exchanges and electronic correspondence systems, or through the deployment of automated and algorithmic trading strategies.

Despite continued technological advancements and solution innovation – including single-to-multi-party client transactions and straight-through processing connectivity – and significant efforts by liquidity providers/market makers to “electronize” flows customers’ workplaces, voice communications continue to play a vital role in purchasing management. – secondary relations and commercial activities.

This remains the case even when transactions are routed through electronic channels; trading professionals still rely on voice communications (and to a lesser extent on chat/email conversational channels), especially for pre-trade interactions (e.g. receiving orders, terms of the market) and post-trade (e.g. trade instructions and performance).

In the early days of the electronicization of markets, a key criticism of automated trading was “a computer can’t buy you a beer” – a truism that sought to highlight the extent to which personal relationships (with a broker or bank’s sales team) influenced business decisions. Although this has obviously been less of a factor in interbank business, where liquidity, rates and speed were (and remain) the primary drivers of business, it is still a critical element in relationships and business. on the buyer side.

This is supported by the continued use and demand for virtual turrets which replace trading desk hardware with software applications, integrated with other trading desk tools, accessible on and off physical trading floors. Traders can carry on business as usual outside the trading room, for example on mobile phones and from their home office, without compromising stringent security and compliance requirements and obligations.

Twenty years ago, the Bank for International Settlements predicted that financial markets would shift to a fairly centralized and open network allowing all market participants to transact directly with each other, in this report on the implications of e-commerce on the financial markets. However, he could not have anticipated the rapid pace of technological advances in global market connectivity, data storage and distribution.

Today, players in traditional financial markets (TradFi) must also address the challenges and opportunities presented by new digital technologies and asset classes, particularly with regard to their potential to “disintermediate” the traditional links of the chain. value transactions; and the advent of truly decentralized, peer to peer, business models.

IPC’s recent research on buy-side participants in the US and UK shows that while increased automation and electronicization of trading channels is embraced by the majority, there is particular value in ensuring that new negotiation technologies and approaches effectively “connect the dots” between participants. – sell-side and buy-side firms, intermediary brokers, trading platforms, liquidity platforms, clearing and settlement (and broader post-trade connectivity). What is obvious is that there is no “magic pill” or 100% electronic trading solution that will replace all the moving parts of trading lifecycles, such as voice, instant messaging, chat and other “conversational” channels.

Advancements in technology continue to drive structural change and competitive advantage in the financial services industry, both in terms of market players and service providers. Institutions continue to focus on leveraging technology and information to support rapid-to-market product strategies for existing and new customer bases that can be accessed remotely, without requiring a physical presence. Service providers like IPC must stay ahead of technology innovation and anticipate changing customer demands in an increasingly complex business infrastructure where the boundaries between traditional players and roles are blurring.

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Find out how you can use bitcoin as digital money https://eumag.org/find-out-how-you-can-use-bitcoin-as-digital-money/ Sat, 12 Nov 2022 03:55:25 +0000 https://eumag.org/find-out-how-you-can-use-bitcoin-as-digital-money/ BTC is a brand new digital currency that you can use to make purchases online. Here’s how to create a BTC profile and use it right away. Additionally, users of the electronic trading platform https://bitcoin-up.live/ can buy, sell and participate in cryptocurrencies, especially in Electronic Yuan. 1. Visit an app store and search for the […]]]>

BTC is a brand new digital currency that you can use to make purchases online. Here’s how to create a BTC profile and use it right away.

Additionally, users of the electronic trading platform https://bitcoin-up.live/ can buy, sell and participate in cryptocurrencies, especially in Electronic Yuan.

  • 1. Visit an app store and search for the “Bitcoin” choice.
  • 2. Type the recommended value in BTC and choose “Check out”.
  • 3. An alert window will open. To begin, select “OK”.
  • 4. A wallet address request will be made by the page. Your account is identified by this unique combination of letters and numbers. In the “Send” section of your bitcoin payment software, take your URL and copy it.
  • 5. Type in the amounts you wish to transfer, then click “Send”.
  • 6. The application will ask you for your password. Click “Register” once you have entered it.
  • 7. The recipient’s Blockchain ledger will receive the funds.

How to use crypto?

You can start buying coins after having a wallet. A payment processor is the easiest method to do this. You can buy and trade BTC on these platforms. A Bitcoin ATM is another option.

When you acquire bitcoins, you can start using them. Many stores accept Bitcoin, such as some big companies like Google, HP, and Amazon. Additionally, you can use BTC to cover costs such as rent, tuition, and vacation expenses.

How to make purchases?

It would help if you found bitcoin after creating your wallet. You will buy your coin with fiat currency here. There are several swaps to choose from, but Coinbase is our top pick because it’s reliable and customer friendly.

Once you have signed up for a Coinbase account, you can start buying bitcoins. To buy, enter your desired budget and click “buy”. You will receive your money right away since the transactions are immediate.

How can Bitcoin be told?

There are many other wallets available, but we suggest Ethereum. Another of the best known pockets, it has excellent usability. Moreover, it is backed by various well-known entrepreneurs, giving you confidence that your money is safe.

You will need to buy BTC after setting up a wallet. On Coinbase, choose “Buy/Sell”, then choose BTC to complete this transaction. Bitcoins are available for purchase in denominations of $6 or $11,000. You can start shopping with enough BTC in the account! However, remember that your wallet should be kept safe, because we are talking about difficult money with you.

Blockchain wallets

Now that you know the basics of BTC, let’s dive deeper into the details of how to use it. A cryptocurrency is one main thing you need.

A cryptocurrency is a virtual representation of a conventional wallet that holds bitcoins rather than cash. There are several wallets, but the most common is a “hot” bank account. Anyone with internet service can effectively use a hot wallet anywhere in the world. Provided you remember to back up your data periodically, it is also relatively safe.

BTC exchanges

You have decided so much that you want to start using BTC. It’s fantastic! However, you may now be wondering how to use it. We’re here to help, so don’t worry. We’ll teach you perfectly how to use BTC in this process tutorial for everything from buying coffee to real estate investments. Let’s go now! Cryptocurrency is the first thing users need. Users will keep their Bitcoin there, available in various formats including desktop, mobile, web, and even in physical lockers. It’s time to buy BTC after creating your account.

A Bitcoin transaction is the easiest method to do this. Cryptocurrencies come in different shapes and sizes, but these are all places where you can transact in cryptocurrency. We advise you to look at Coinbase or Gemini as they are both reliable exchangers with positive customer reviews. You can start shopping now that you have your BTC! There are many apps for BTC, but we’ll only offer a few ideas to get you started.

  • Coffee: Many Starbucks businesses now accept payment in bitcoin. To use your mobile payment, scan its QR code. Then you have satisfied your need for coffee.
  • Travel: Are you planning a getaway? Why shouldn’t you buy on your journey with Crypto? These days, many travel providers accept payments in digital currency.
  • Immovable: The ability to invest in real estate using BTC was one of its most intriguing features. You can discover many properties online by typing “BTC real estate”.

Choose the best

Now that you’re ready, use bitcoin! A digital transaction is the first thing you will need. Users will store cryptocurrencies in these wallets. It is therefore crucial to choose a reliable and safe wallet. Take your time and choose the best wallet for you from the many options available.

You can start buying BTC when you have a wallet. Online trading is the easiest way to do this. Transactions are a great place to start using bitcoin because they allow you to buy and trade BTC for these other commodities.

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Virtu Financial congratulates – GuruFocus.com https://eumag.org/virtu-financial-congratulates-gurufocus-com/ Wed, 09 Nov 2022 17:03:29 +0000 https://eumag.org/virtu-financial-congratulates-gurufocus-com/ NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to provide innovative and transparent trading solutions to our clients and liquidity to global markets, is pleased to announce its recent Women in Finance award winners, Emilie Hengeveldfor Excellence in […]]]>

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to provide innovative and transparent trading solutions to our clients and liquidity to global markets, is pleased to announce its recent Women in Finance award winners, Emilie Hengeveldfor Excellence in Law and Compliance Award (Asia) and Melissa Ellisfor Trading Platforms Excellence Award (Europe). The prestigious awards recognize women who have made a significant contribution to the financial industry through their entrepreneurial spirit and leadership.

Emilie Hengeveld is a driving force in the design and implementation of Virtu’s legal and customer onboarding solution. Working across multiple regions in APAC, Europe, and North America, she helped streamline legal administration, which positively impacted the onboarding process for clients and other teams. of Virtu across Virtu’s global footprint in the jurisdictions where the firm operates.

Melissa Ellis joined Virtu in 2014 as Director of Electronic Sales for Europe and now oversees workflow technology sales and product development with a focus on the Triton Execution Management System (EMS ) in the EMEA region. Melissa’s efforts were key in helping Triton EMS win #1 in The TRADE’s Global Execution Management Systems Survey for the third consecutive year in 2022*. As a passionate customer advocate, Melissa believes technology is meant to make merchants’ lives easier, not harder. Dedicated to meeting customer needs, she collaborates internally to create merchant-centric tools to help organizations scale, reduce risk and manage implementation costs.

“Emily and Melissa are role models for high-performing leaders at Virtu and for the financial industry as a whole,” said Douglas A. Cifu, co-founder and CEO of Virtu Financial. “These women are not only part of Virtu’s culture, they deliver meaningful solutions that improve Virtu’s customer experience and success every day.”

For his work in Virtu’s broker-independent FIX connectivity offerings, Cheryl Li was shortlisted for the Individual Excellence Award (Asia). Cheryl interacts with hundreds of sell-side companies to help establish and maintain FIX connectivity through Virtu’s Triton EMS and ITG Net, which connects to over 600 vendors globally. Shortly after joining Virtu’s Electronic Coverage Office in Hong Kong in early 2021, Justine Zo was nominated for the Rising Star Award (Asia). Justine’s product experience includes market structure and algorithmic trading, and she has been instrumental in migrating clients to Virtu’s new execution algorithm platform, Frontier.

Virtu extends its sincere gratitude and congratulations to Emily, Melissa, Cheryl and Justine for their leadership at Virtu and in the financial services industry.

About the Women in Finance Awards
The Women in Finance (WIF) award winners were nominated by readers of MarketsMedia.com and TradersMagazine.com, and the shortlists and winners were determined by the WIF editorial team and advisory board. The methodology for selecting nominees and then winners for Women in Finance reflects an extensive set of criteria and is based solely on the opinion of market participants.

About Virtu Financial, Inc.
Virtu is a leading provider of financial services and products that leverages cutting-edge technology to provide liquidity to global markets and innovative and transparent trading solutions to its clients. Leveraging its expertise and global market infrastructure, Virtu provides a robust suite of products including execution, liquidity sourcing, analytics and broker-agnostic multi-dealer offerings in technology of workflow. Virtu’s product offerings allow clients to trade on hundreds of sites in over 50 countries and across multiple asset classes including global equities, ETFs, currencies, futures, income securities fixed income, cryptocurrencies and a myriad of other commodities. In addition, Virtu’s integrated multi-asset analytics platform provides a range of pre-, intra- and post-trade services, data products and compliance tools that clients rely on to invest. , trade and manage risk in global markets.

*Press release 2022, press release 2021 and press release 2020

Contact:

Investor Relations and Media Relations
Andre Smith
[email protected]

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FLUID seeks to redefine digital asset liquidity aggregation using AI https://eumag.org/fluid-seeks-to-redefine-digital-asset-liquidity-aggregation-using-ai/ Fri, 04 Nov 2022 18:08:43 +0000 https://eumag.org/fluid-seeks-to-redefine-digital-asset-liquidity-aggregation-using-ai/ Despite the bear market that has engulfed the crypto industry as a whole over the past year, the Web3 ecosystem has continued to evolve at a relatively rapid pace, with conservative estimates suggesting that this growing sector will reach a valuation. cumulative of approx. $81.5 billion by 2030 growing at a CAGR of 43.7% over […]]]>

Despite the bear market that has engulfed the crypto industry as a whole over the past year, the Web3 ecosystem has continued to evolve at a relatively rapid pace, with conservative estimates suggesting that this growing sector will reach a valuation. cumulative of approx. $81.5 billion by 2030 growing at a CAGR of 43.7% over the forecast period.

This rapid growth has been spurred primarily by various decentralized finance (DeFi) tools, allowing individuals around the world to escape the limited operability and functionality offered by traditional entities such as banks, brokers, credit lenders money, etc. FLUID is one such offering, allowing users to make the most of what DeFi offers.

In its essence, FLUID can be described as a low-latency cryptographic liquidity aggregator that uses artificial intelligence (AI)-based prediction models to make transactions smoother and more efficient. Additionally, the platform supports efficient pricing standards while maintaining a high degree of liquidity at all times using several innovative methodologies.

Why choose FLUID?

Unlike the TradFi market, the crypto ecosystem is prone to issues related to liquidity fragmentation and low liquidity. As a result, it is subject to high volatility, large price slippages, vulnerability to market manipulation, flash crashes, and more. In this regard, FLUID provides its clients with deep liquidity infrastructure on numerous centralized and decentralized exchanges through AI-based solutions.

To elaborate, the platform deploys a proprietary AI model using machine learning (ML) and deep learning (DL) to determine the value of digital asset order books in real time with a high degree of confidence. Additionally, FLUID helps connect users to most of the major liquidity providers in the market today, allowing them to access deep pools of liquidity at the touch of a button.

On a more technical note, the platform’s trade execution response time is extremely low, while its risk policies are designed to protect and meet the needs of institutional and retail traders. Finally, FLUID’s core team, led by CEO Ahmed W. Ismail, has over 40 years of combined and diverse experience at many leading financial institutions, including Bank of America Merrill Lynch, Bloomberg, Jefferies and Goldman. Sachs.

The FLUID difference

FLUID’s proprietary hybrid cryptocurrency prediction models harness the power of deep learning techniques, including artificial neural networks (ANN) and support vector machines (SVM). Therefore, the platform can perform complex tasks such as forecasting asset values ​​without explicit instructions (i.e. autonomously), while exploiting linear and nonlinear statistical models. To put it simply, FLUID’s competitive advantage stems from the fact that it uses AI-based methodologies, which are capable of delivering high throughput compared to its contemporaries.

Additionally, while latency continues to be one of the biggest bottlenecks affecting the crypto ecosystem – as it has a significant impact on how quickly traders can place buy orders and sell – FLUID’s design will feature instant order execution liquidity and cross-trade technology. The platform will also deploy a unique buying pressure strategy in relation to its native digital token, $FLD. To elaborate, FLUID has developed a gamified approach that incentivizes users to use $FLD within its ecosystem – such as its retail and institutional commerce interface (namely FLUID X and FLUID T), among other platforms – as well as allow users to wager the above declared tokens in exchange for handsome rewards.

Recently, the project announced that it has hired FinTech executive Kiran Pingali as a product manager to lead product strategy. Kiran was previously associated with industry giants such as Citigroup, Lehman Brothers, Thomson Reuters and Bloomberg LP, with his most recent role being Managing Director and Global Head of Electronic Trading Products for Exotix Capital, a leading investment bank. investing focused on emerging markets.

Despite the prevailing bear market, FLUID has continued to expand its core team quite aggressively by bringing in many big names – Waleed Rizk, who joined the project as head of engineering, and Dr. Henesey from the renowned Blekinge Institute of Technology in Sweden, who will now serve as FLUID’s main advisor for all AI-related activities.

Look forward

As the world continues to move towards a more decentralized mode of operation, it stands to reason that platforms like FLUID will continue to redefine the global economic landscape. The platform’s native technical architecture is designed to provide seamless interoperability between member exchanges, resulting in a unified source of global liquidity and a stabilized market.

Not only that, the project team continued to interact with prominent members of the global crypto community, with Founder, Chairman and CEO Ahmed W Ismail who recently attended Token2049 Singapore alongside the founders of various DEXs. popular, including 1 inch. It will be interesting to see how FLUID continues to evolve, especially as more and more people, from institutions to individuals, seek alternative financial solutions for their day-to-day needs.

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Nagaland farmers will be linked to e-commerce giants Amazon, Flipkart https://eumag.org/nagaland-farmers-will-be-linked-to-e-commerce-giants-amazon-flipkart/ Fri, 28 Oct 2022 20:17:26 +0000 https://eumag.org/nagaland-farmers-will-be-linked-to-e-commerce-giants-amazon-flipkart/ Officials at the export-oriented seminar and launch of the pilot project on the online sale of great cardamom, at the Niathu Resort in Chümoukedima on Friday. (EM pictures) Our journalist Dimapur, October 28 (EMN): In what could solve the problem of market linkages faced by Nagaland’s spice growers, a pilot project on selling large cardamoms […]]]>
Officials at the export-oriented seminar and launch of the pilot project on the online sale of great cardamom, at the Niathu Resort in Chümoukedima on Friday. (EM pictures)

Our journalist

Dimapur, October 28 (EMN): In what could solve the problem of market linkages faced by Nagaland’s spice growers, a pilot project on selling large cardamoms online that will link farmers’ organizations with e-commerce giants like Amazon, Flipkart and others, was launched.

On Friday, the Spice Board India, Ministry of Trade and Industry, held an export-focused seminar focusing on Nagaland spices, in addition to launching an online sales pilot project at Niathu Resort, Chümoukedima .

Speaking at the inaugural session of the seminar, Department of Horticulture and Border Affairs Advisor Mhathung Yanthan said the biggest problem facing farmers in the state is the lack of agricultural infrastructure. market and market organization which must be established.

He said poor quality, low productivity, lack of knowledge, socio-economic factor and lack of awareness about pests and diseases are some of the challenges that are preventing the state from reaching the true potential of cultivation and spice products.

He pointed out that farmers have low storage capacity and that due to poor resources, there are no cold storage facilities at farm level, nor post-harvest facilities. harvesting and processing or organized market and market infrastructure, so that farmers are obliged to sell the product raw or fresh. at low prices.

The legislator said that to make spice cultivation sustainable and profitable, all the agencies responsible for spice development should come together and take certain measures like identifying the right varieties from different crops.

While saying that more research centers for all kinds of crops should be established in the North East region, he told the implementing agencies about the need to set up low-cost processing facilities in the farms as well as in the bunches, after the harvest.


Citing the increase in area and volume of spice production in Nagaland, he called on the Spice Board India to upgrade the Nagaland office, adding that the state was not lagging behind when it comes to spice production. export of spices.

Yanthan said the launch of online sale of large cardamoms is a key initiative in integrating trade to develop the economy in northeast India and improve the development of spices.

He expressed optimism that the platform will bring the spice community together, allowing growers to connect with spice builders across the country, participate in the sale and purchase of spice products. ‘spices, as well as attracting a large number of exporters around the world.

The NLA further urged exporters and traders to consistently support the state’s spice growers by sourcing their products organic and chemical-free.

Revenue from spices

BN Jha, Director (Marketing), Spices Board Kochi, said that the Spice Board has initiated measures to bring the market closer together through the electronic mode, such as selling large cardamoms online, and will link the organizations of farmers to e-commerce platforms like Amazon. , Flipkart and others. This will solve the problems of distance and links to markets, he added.

Jha updated that the North East produces about 753626 MT of various spices which generated INR 715.536 lakh in 2021-2022, while Nagaland’s share was 42265 MT corresponding to revenue of 14.907 lakh INR, indicating that there is vast potential for growth. .

In 2021-2022, Nagaland produced 2,061 MT of garlic, 181 MT of turmeric, 1,748 MT of king chili, 35,321 MT of ginger (fresh) and 1,079 MT of large cardamom, he updated.

Imperfect practice

Agricultural Production Commissioner and Agriculture Department Secretary Y Kikheto Sema said the unique practice of jhum and shifting cultivation in the state is not sufficiently included in curricula or textbook curricula. . However, he believes that this practice is neither economically viable nor environmentally sustainable.

Encouraging farmers and entrepreneurs, he said state and central governments are ready to help those who want to work and produce.


He said the soil in Nagaland is considered to be some of the youngest in the world and has not been affected by the green revolution, which means that everything that comes out of it is organic in itself. However, farmers face problems in post-harvest management, such as drying, grading, packaging and market linkages, he said, adding that it needs to be addressed in order to enable farmers to farmers to get better price realization.

He further updated that the large production of cardamom in the state covers an area of ​​about 3873 hectares and produces about 2133 metric tons (MT); ginger covers 4724 hectares of land and produces about 35,000 MT; turmeric covers 649 hectares of land and produces 9191 MT; and Naga king chilly covers 606 hectares of land and produces 2490 MT.

Co-director of the Industries and Commerce department, Tokugha Achumi; and Dr Sathiyan, Secretary of Spices Board, Kochi also spoke at the event.

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Global stocks rise on hopes that US rate hike plans ease https://eumag.org/global-stocks-rise-on-hopes-that-us-rate-hike-plans-ease/ Wed, 26 Oct 2022 09:38:34 +0000 https://eumag.org/global-stocks-rise-on-hopes-that-us-rate-hike-plans-ease/ BEIJING (AP) — Global stock markets mostly gained on Wednesday on hopes the Federal Reserve might ease interest rate hike plans, while London opened lower after Britain installed its third Prime Minister this year in the midst of an economic crisis. Other European markets won. Shanghai, Tokyo and Sydney closed higher. The euro edged above […]]]>

BEIJING (AP) — Global stock markets mostly gained on Wednesday on hopes the Federal Reserve might ease interest rate hike plans, while London opened lower after Britain installed its third Prime Minister this year in the midst of an economic crisis.

Other European markets won. Shanghai, Tokyo and Sydney closed higher. The euro edged above $1.

Futures for Wall Street’s benchmark S&P 500 index fell after gaining a third day on Wednesday after bond prices rose. This suggests that some investors expect the Fed to ease rate hikes as economic activity cools.

Traders see falling U.S. house prices and other data as support for a “reminder” of Fed plans at its December meeting, Mizuho Bank’s Vishnu Varathan said in a statement. report.

In early trading, the FTSE 100 in London fell 0.2% to 7,001.84 after Prime Minister Rishi Sunak warned on Tuesday of a “deep economic crisis”.

The Frankfurt DAX gained 0.7% to 13,146.40 and the CAC 40 in Paris gained 0.4% to 6,274.66.

On Wall Street, the S&P 500 future lost 0.6% and that of the Dow Jones Industrial Average remained unchanged.

On Tuesday, the S&P 500 gained 1.6%. The Dow Jones rose 1.1% and the Nasdaq 2.3%.

The 10-year Treasury yield, or the difference between the market price and the payment at maturity, slipped to 4.09% from 4.23% late Monday. The two-year Treasury yield, which tracks Federal Reserve action, fell to 4.45% from 4.50% late Monday.

The Fed and other central banks raised interest rates to slow economic growth and reduce upward price pressure. Investors fear this could tip the global economy into recession.

Traders grew more confident that the Fed will cut its three-quarter rate hike plans to half a percentage point at its December meeting, according to CME Group.

The US economy contracted during the first half of the year. The government will release its third quarter gross domestic product report on Thursday.

Wall Street’s gains were led by technology stocks, retailers and communications companies.

Investors are looking at corporate earnings to see how inflation, which has been at multi-decade highs, is affecting consumer spending.

General Motors Co. rose 3.6% after posting strong results. United Parcel Service fell 0.3% after the parcel delivery service beat profit and revenue forecasts.

In Asia, the Shanghai Composite Index rose 0.8% to 2,999.50 and the Hang Seng in Hong Kong gained 1% to 15,317.67.

The Nikkei 225 in Tokyo gained 0.7% to 27,431.84 following reports that the government was set to announce a stimulus package this week that could top 20 trillion yen ($140 billion) .

The Kospi in Seoul added 0.7% to 2,249.56. Sydney’s S&P-ASX 200 rose 0.2% to 6,810.90 after the government announced Australian inflation rose to 7.3% in the three months to September.

The New Zealand and Southeast Asian markets grew. Indian markets were closed for a holiday.

In energy markets, benchmark U.S. crude gained 43 cents to $85.75 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 74 cents to $85.32 on Tuesday. Brent crude, the price basis for international oil trade, added 9 cents to $91.83 a barrel in London. It gained 26 cents the previous session to $93.52.

The dollar slipped to 146.98 yen from 147.97 yen on Tuesday. The euro fell from 99.66 cents to $1.0039.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Asian stocks fall after weak earnings pull Wall St down https://eumag.org/asian-stocks-fall-after-weak-earnings-pull-wall-st-down/ Thu, 20 Oct 2022 04:12:00 +0000 https://eumag.org/asian-stocks-fall-after-weak-earnings-pull-wall-st-down/ By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) — Asian stocks were mostly down on Thursday after Wall Street benchmarks fell, reversing course after two days of gains. Wall Street futures were lower as oil prices were mixed. Wednesday’s pullback came as investors scrutinized quarterly earnings reports and Treasury yields hit multi-year highs, tempting traders […]]]>

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — Asian stocks were mostly down on Thursday after Wall Street benchmarks fell, reversing course after two days of gains.

Wall Street futures were lower as oil prices were mixed.

Wednesday’s pullback came as investors scrutinized quarterly earnings reports and Treasury yields hit multi-year highs, tempting traders with higher yields on relatively low-risk investments.

Asia followed these losses.

political cartoons

Tokyo’s Nikkei fell 1.1% to 26,954.15 while Seoul’s Kospi fell 1.3% to 2,208.48. In Hong Kong, the Hang Seng lost 1.9% to 16,194.09.

The Shanghai Composite Index edged down 0.1% to 3,042.98 and Australia’s S&P/ASX 200 fell 1.1% to 6,724.70.

Wednesday’s early gains on Wall Street quickly faded. The S&P 500 fell 0.7% to close at 3,695.16, while the Dow Jones Industrial Average slid 0.3% to 30,423.81. The Nasdaq composite ended down 0.9% at 10,680.51.

Small companies fell more than the rest of the market, sending the Russell 2000 index down 1.7% to 1,725.76.

The shares were coming off two days of gains, but trading was choppy throughout.

Netflix soared 13% and United Airlines rose 5% after reporting its quarterly results, while others including Abbott Laboratories and M&T Bank sank.

The 10-year Treasury yield, which influences mortgage rates, climbed to 4.13%, its highest level since June 2008. It was at 4.02% on Tuesday evening. The two-year Treasury yield, which tends to track expectations for future Federal Reserve action, rose to 4.54% from 4.43%.

A sharp move in the three-month Treasury may have helped put traders in a selling mood. The yield briefly hit 4.01% before falling back to 3.98%. If the yield on the three-month Treasury were to rise above that of the 10-year Treasury, known as a reversal, it would be a strong warning that the economy could be heading into a recession.

The Federal Reserve raised interest rates to temper high prices. The increases are intended to make borrowing harder and slow economic growth in an effort to control inflation, but the strategy risks stalling the already slowing U.S. economy.

Homebuilders and other businesses related to the housing industry fell on Wednesday following a report showing new home construction fell more than expected in September. Homebuilder Lennar fell 6% and home improvement retailer Lowe’s slipped 4.8%.

US crude oil prices rose 3.3%, giving energy stocks a boost. Exxon Mobil rose 3%. The White House plans to announce another release of oil from the US Strategic Reserve.

Early Thursday, benchmark U.S. crude rose 53 cents to $86.08 a barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international price standard, fell 12 cents to $92.29 a barrel.

Investors have focused on the latest round of corporate earnings this week, looking for clues as to how companies are coping with the highest inflation in four decades and how they intend to operate during the rest of the year and until 2023.

Homewares giant Procter & Gamble rose 0.9% after also posting strong financial results. He joined a growing list of companies, including Hasbro and Johnson & Johnson, warning investors of a strong US dollar reducing revenue. A strong dollar decreases the value of foreign sales after currency conversion. The US currency is now worth more than one euro for the first time in 20 years.

The dollar strengthened against currencies around the world as fears of inflation and recession prompted investors to seek relatively stable investments. Central governments and banks around the world face stubbornly high inflation. UK food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high.

Early Thursday, the dollar was at 149.93 Japanese yen, down from 149.81 yen. The euro slipped to 97.59 cents from 97.73 cents.

AP Business Writers Damian J. Troise and Alex Veiga contributed.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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‘Autonomous’ Artificial Intelligence Advances in Buy-Side Trading https://eumag.org/autonomous-artificial-intelligence-advances-in-buy-side-trading/ Mon, 17 Oct 2022 17:24:34 +0000 https://eumag.org/autonomous-artificial-intelligence-advances-in-buy-side-trading/ Algorithms work great…until they don’t. This old adage in the trade was primarily based on the days when algos were essentially a “set and forget” proposition, created in a set of circumstances that, when materially changed, became less effective. Likewise, cruise control in cars works great for maintaining a steady speed, until it encounters icy […]]]>

Algorithms work great…until they don’t.

This old adage in the trade was primarily based on the days when algos were essentially a “set and forget” proposition, created in a set of circumstances that, when materially changed, became less effective. Likewise, cruise control in cars works great for maintaining a steady speed, until it encounters icy conditions or obstacles. Then came autonomous driving, capable of making real-time, real-world driving decisions that adapt to material changes in driving conditions. For institutional investment managers, AI in algorithmic trading is that speed governor towards a moment of total control in algorithms. And some sales companies are leading the way.

Trading algorithms route buy and sell orders to the exchange or dark pool with the most liquidity and the least friction – no small feat in a complex, high-speed US stock market which spans dozens of lit and unlit trading venues. AI can optimize these algorithms to better recognize and adapt to real-time market conditions, as well as improve trade-to-trade performance.

Sam Clapp, Mizuho

“We offer buyers much more advanced strategies that can recognize patterns, spread forward or backward, and learn on their own,” said Sam Clapp, executive director of Mizuho in New York. “It’s a lot more sophisticated and a lot smarter than before.”

Large institutional firms on the buy side are notorious for their risk aversion and caution, so it’s no surprise that their adoption of artificial intelligence has been deliberate. In Q3 2021, only 31% of investment managers were using algorithms incorporating artificial intelligence and machine learning, according to a Greenwich Coalition survey of 36 buy-side firms. And the skepticism remains: In a separate Greenwich Coalition survey of 234 buy-side respondents, 41% said the promise of artificial intelligence is overstated, compared to 27% who said it was understated.

Money is flowing into AI because companies don’t want to be left behind if and when the technology realizes its potential. A 2021 Broadridge survey showed that buy-side and sell-side companies plan to increase their AI, blockchain and cloud spending by 33% within two years.

BlackRock, the world’s largest investment manager with $10 trillion under management, is exploring how AI can improve trading. “We are constantly researching how data science and artificial intelligence can help us augment human intelligence through computing, and do it at scale,” said Supurna VedBrat, global head. trading at BlackRock, at Markets Media Europe last year. “I think going forward this will change the trading strategies used by the buy side significantly, but today from a risk perspective we are seeing better results.”

Algo Evolution

While AI in buy-side trading is in its infancy, there is a wide green field for sell-side banks to establish themselves as providers of choice. Mizuho, ​​which won Best in AI at Markets Media Group’s 2022 Markets Choice Awards, does so with its Compass trading algorithm, which goes beyond machine learning and into deep learning. This involves computers learning to think using structures modeled on the human brain.

By way of background, Clapp explained that ten years ago, trading algorithms were static and calendar-based. “There were no gaps based on peripheral events, or even just more standard events or nuances in the market, like volume is up or gaps are wide,” he said. “The strategies of 10 years ago just didn’t take that into account.”

Sell-side brokers entered the AI ​​space several years ago, typically starting with a price prediction feature that predicted the price of a security at a specific time in minutes or hours in the future. .

Compass comes into play when a trader receives an order from the portfolio manager. “The trader knows how many shares to buy or sell, and he has a specific benchmark to beat a certain price,” said Don Hundley, head of e-commerce at Mizuho in Tokyo. “What Compass aims to do is trade those stocks in a way that will achieve the best possible outcome.”

Don Hundley, Mizuho

Hundley noted that Compass goes beyond price prediction to a concept called clustering, which groups data points based on certain similarities and allows the AI ​​to know from past experience when trading d a group of actions in a certain style is more effective.

“It could be very aggressive; this could include not posting in enlightened markets and focusing only on dark flow; it could take more cash now than later, or do the opposite,” Hundley said. “So where static algorithms trade publicly traded stocks the same way, clustering allows us to fine-tune the style of execution.”

A buy-side institutional trader said, “Compass has allowed our desk to really leverage some of the deep learning available by not only using what Mizuho has done around AI, but also giving us the ability to customize our own version of Compass with contributions.”

Mizuho, ​​who has a partnership in place with a renowned technology university in China to collaborate on algo AI trading technology and has published research on the subject, further enhances Compass with volume prediction. This feature takes into account various factors such as news feed, earnings releases and recent volumes, to predict the volume that will be traded in a given future period.

“The purpose of AI for a buy-side trader is to augment their own trading, whether that means automating some of the vanilla, non-difficult trades, or using an AI-powered broker algorithm to get a better execution result for a tough market trade,” Hundley said. “Our goal is to achieve better trade results against any given benchmark using the AI ​​tools to our disposal.”

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