Electronic Trading – EUMAG http://eumag.org/ Fri, 07 Jan 2022 06:48:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://eumag.org/wp-content/uploads/2021/06/icon-150x150.png Electronic Trading – EUMAG http://eumag.org/ 32 32 Asian stocks mostly up after Wall St’s tech decline | Nation and world https://eumag.org/asian-stocks-mostly-up-after-wall-sts-tech-decline-nation-and-world/ Fri, 07 Jan 2022 05:15:33 +0000 https://eumag.org/asian-stocks-mostly-up-after-wall-sts-tech-decline-nation-and-world/ BANGKOK (AP) – Asian markets mostly advanced on Friday after further declines in major tech stocks pushed down major indices on Wall Street. Tokyo and Taiwan retreated, but other regional markets advanced. US futures were also higher. A resurgence of coronavirus outbreaks has added to uncertainties about a resumption of tourism and other business activities […]]]>

BANGKOK (AP) – Asian markets mostly advanced on Friday after further declines in major tech stocks pushed down major indices on Wall Street.

Tokyo and Taiwan retreated, but other regional markets advanced. US futures were also higher.

A resurgence of coronavirus outbreaks has added to uncertainties about a resumption of tourism and other business activities in Asia.

The World Health Organization says a record 9.5 million cases of COVID-19 were identified in the past week as the omicron variant of the coronavirus swept the planet, a 71% increase from compared to the previous 7-day period that the United Nations health agency compared to a “tsunami.”

Asia has recorded lower numbers, but infections are rising rapidly and testing bottlenecks mean even more cases are likely going unreported. At the same time, the alarm has been subdued by signs that the omicron variant may cause less severe illness, especially in countries with high COVID-19 vaccination levels.

“The highly transmissible variant of omicron is a short-term growth risk for poorly vaccinated emerging market economies and for supply chains as part of China’s zero COVID strategy,” said Sonal Varma of Nomura in a report.

Tokyo’s Nikkei 225 index fell 0.2% to 28,435.91 and the Hang Seng in Hong Kong jumped 1.2% to 23,337.96. South Korea’s Kospi gained 1.1% to 2,952.27, while the Shanghai Composite Index rose 0.4% to 3,598.62. In Australia, the S & P / ASX 200 rose 1.2% to 7,448.00.

Taiwan stocks fell 1.1% and Indian Sensex opened up 0.8%.

On Thursday, the S&P 500 slipped 0.1% to 4,696.05. The Dow Jones slipped 0.5% to 36,236.47. The Nasdaq composite lost 0.1% to 15,080.86, while smaller company stocks held up to the broader market, with the Russell 2000 Index gaining 0.6% to 2,206.37.

The weakness of big tech companies like Apple was the main culprit. The iPhone maker fell 1.7%. Healthcare stocks also helped push the benchmark S&P 500 down, outweighing the gains of banks, energy companies and other sectors.

Bonds continued to climb. The 10-year Treasury yield hit 1.73%, its highest level since March. It was 1.70% late Wednesday.

The sale followed a large market decline on Wednesday, when the Federal Reserve signaled it was ready to raise interest rates to fight inflation.

Stocks have been choppy this week as traders reacted to the surge in bond yields. The S&P 500 and the Dow both hit all-time highs on Monday, before losing ground on the following days. The main indices are now poised to post weekly losses.

Wall Street also weighed in on the economic data.

On Thursday, the Institute for Supply Management reported that growth in the service sector in the United States, where most Americans work, slowed in December after growing at a record pace the previous two months.

The Labor Department reported that the number of Americans claiming unemployment benefits increased last week but remained at historically low levels, suggesting the job market remains strong. The agency will publish its monthly employment report on Friday.

Wall Street may be bracing for a stronger-than-expected jobs report, as the latest monthly ADP payroll processor hiring survey, released on Wednesday, showed private U.S. companies hired 807,000 workers in December, more than double the consensus forecast, according to FactSet. A strong jobs report could add urgency to the Federal Reserve’s efforts to fight inflation by raising interest rates.

In other exchanges on Friday, benchmark US crude oil added 62 cents to $ 80.08 a barrel in electronic trading on the New York Mercantile Exchange. It jumped 2.1% on Thursday, helping to push energy stocks higher.

Brent crude, the base of international oil prices, climbed 55 cents to $ 82.54 a barrel.

The US dollar was at 115.92 Japanese yen, compared to 115.85 yen on Thursday night. The euro fell from $ 1.1302 to $ 1.1302.


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 without permission.


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Stocks rise on Wall Street, but tech decline tempers gains https://eumag.org/stocks-rise-on-wall-street-but-tech-decline-tempers-gains/ Wed, 05 Jan 2022 05:33:41 +0000 https://eumag.org/stocks-rise-on-wall-street-but-tech-decline-tempers-gains/ A forex trader watches monitors in the forex trading room at KEB Hana Bank headquarters in Seoul, South Korea on Tuesday, January 4, 2022. Asian stocks were mixed on Tuesday, as the region’s concerns over the variant of the omicron coronavirus have tempered market optimism sparked by a rally on Wall Street. (AP Photo / […]]]>

title=s

A forex trader watches monitors in the forex trading room at KEB Hana Bank headquarters in Seoul, South Korea on Tuesday, January 4, 2022. Asian stocks were mixed on Tuesday, as the region’s concerns over the variant of the omicron coronavirus have tempered market optimism sparked by a rally on Wall Street. (AP Photo / Ahn Young-joon)

PA

Stocks edged up in morning Wall Street trading on Tuesday as traders brace for economic reports and corporate earnings to pick up after the year-end recess.

The S&P 500 was up 0.3% at 10:20 a.m. Eastern time. The Dow Jones Industrial Average rose 299 points, or 0.8%, to 36,883 and the tech-rich Nasdaq fell 0.7%.

Banks were among the biggest winners as bond yields rose again. Higher bond yields allow banks to charge more lucrative interest on loans.

The 10-year Treasury yield rose to 1.67% from 1.63% on Monday night. JPMorgan Chase rose 3.5%.

US crude oil prices rose 1.6% and helped boost energy stocks. Exxon Mobil rose 3%.

A wide range of industrial and communications stocks have also gained ground.

Healthcare and tech stocks fell and tempered broad market gains.

Investors have a mix of business and business news to focus on in the first week of the New Year as they attempt to assess economic growth with the virus pandemic and the continued rise in the economy. inflation.

OPEC and allied oil-producing countries plan to stick to their roadmap to slowly restore production cuts made at the height of the pandemic, including adding 400,000 barrels a day in February.

Wall Street is also watching for updates this week on the manufacturing and service sectors. The Labor Ministry’s closely watched employment report for December will be released on Friday.

Walgreens, Constellation Brands and Conagra released their latest quarterly results on Thursday.

Investors are also awaiting the minutes of the Federal Reserve’s last policy meeting in December, due for release on Wednesday. The central bank plans to accelerate the withdrawal of its support to the markets and the economy in the face of rising inflation. It will speed up its withdrawal from bond purchases that have helped keep interest rates low and investors are watching the Fed closely for any signals of a possible increase in benchmark interest rates.


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Asian markets calm as new year begins with limited trading https://eumag.org/asian-markets-calm-as-new-year-begins-with-limited-trading/ Mon, 03 Jan 2022 04:21:00 +0000 https://eumag.org/asian-markets-calm-as-new-year-begins-with-limited-trading/ BEIJING – Asian stock markets were mixed on Monday the first trading day of 2022 after Wall Street ended last year with a double-digit gain. The Hang Seng HSI, -0.61% in Hong Kong lost 0.6% while Seoul’s Kospi 180721, + 0.33% increased by 0.2%. Singapore STI benchmarks, + 0.25%, Jakarta JAKIDX, + 0.84% and Malaysia […]]]>

BEIJING – Asian stock markets were mixed on Monday the first trading day of 2022 after Wall Street ended last year with a double-digit gain.

The Hang Seng HSI,
-0.61%
in Hong Kong lost 0.6% while Seoul’s Kospi 180721,
+ 0.33%
increased by 0.2%.

Singapore STI benchmarks,
+ 0.25%,
Jakarta JAKIDX,
+ 0.84%
and Malaysia FBMKLCI,
-1.16%
Advanced. Markets in Japan, mainland China and Australia were closed for holidays.

Also on Monday, Singapore’s government announced that its economy grew 7.2% last year, rebounding from the 5.4% contraction the year before.

Friday, the S&P 500 SPX,
-0.26%
slipped 0.3% to 4,766.18. The Dow Jones Industrial Average DJIA,
-0.16%
slipped 0.2% to 36,338.30. The Nasdaq COMP,
-0.61%
fell 0.6% to 15,644.97.

Wall Street’s benchmark S&P 500 slipped on Friday amid lingering concerns about the omicron variant of the coronavirus, but ended 2021 with an annual gain of 26.9%.

“It remains to be seen to what extent the optimism of the new year will be reflected in the financial markets,” Venkateswaran Levanya of Mizuho Bank said in a report.

On the energy markets, the American benchmark CLG22 crude,
+ 0.85%
rose 40 cents to $ 75.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell from $ 1.78 on Friday to $ 75.21. Brent crude BRNH22,
+ 0.81%,
the basis of international oil prices, gained 35 cents to $ 78.13 a barrel in London. It lost $ 1.75 the previous session to $ 77.78 a barrel.

The dollar USDJPY,
+ 0.21%
advanced to 115.28 yen from 115.09 yen on Friday.


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Saudi central bank to launch repo operations using Bloomberg from this month https://eumag.org/saudi-central-bank-to-launch-repo-operations-using-bloomberg-from-this-month/ Sat, 01 Jan 2022 05:50:23 +0000 https://eumag.org/saudi-central-bank-to-launch-repo-operations-using-bloomberg-from-this-month/ The Saudi Central Bank (SAMA) has announced that it will conduct repo, reverse repurchase and Open Market Operations (OMO) transactions with locally operating banks using Bloomberg’s auction system at from January 2022. Image Credit: SAMA Dubai: The Saudi Central Bank (SAMA) announced that it will conduct repo, reverse repurchase and Open Market (OMO) transactions with […]]]>

The Saudi Central Bank (SAMA) has announced that it will conduct repo, reverse repurchase and Open Market Operations (OMO) transactions with locally operating banks using Bloomberg’s auction system at from January 2022.
Image Credit: SAMA

Dubai: The Saudi Central Bank (SAMA) announced that it will conduct repo, reverse repurchase and Open Market (OMO) transactions with banks operating locally using the auction system by Bloomberg from January 2022.

SAMA announced in 2018 the completion of the development of the SAMA and Murabaha voucher issuance system using Bloomberg.

“This collaboration with Bloomberg marks the next step in the development of central bank operations. The increased efficiency of liquidity management operations will have a positive impact on the banking sector. It also aligns with international best practices in liquidity management through e-commerce, ”said Ayman Alsayari, vice-governor of SAMA.

Bloomberg’s auction system, part of Bloomberg’s enterprise solution for central banks and government financial agencies, is used to conduct tenders electronically and by market participants to track these bidding and entering bids. The system provides a safe and secure environment for issuing and redeeming debt, and performing other open market operations, including repo and reverse repurchase auctions, all from one integrated solution. unique. It is fully integrated with the data, news, analysis and communication tools available on the Bloomberg Terminal. Bloomberg’s auction system is used in more than 30 countries around the world.

“The Bloomberg auction system is part of a suite of Bloomberg solutions designed to help bring greater transparency, liquidity and efficiency to capital markets. We are excited about this continued collaboration with SAMA to further support the electronization of its markets, ”said Nicholas Bean, Global Head of Electronic Trading Solutions at Bloomberg.

What are repo, reverse repurchase and open market transactions

The repurchase agreement (repo) and reverse repurchase agreement (RRP) are two key tools used by many large financial institutions, banks and some businesses to manage their short-term liquidity. Most of the world’s central banks use repo and RRP as a method of controlling the money supply.
Essentially, repo and reverse repo are two sides of the same transaction, reflecting the role of each party. A repo is an agreement between parties in which the buyer agrees to temporarily purchase a basket or group of securities for a specified period. The buyer agrees to sell those same assets back to the original owner for a slightly higher price using a reverse repurchase agreement.
There is a constant flow of funds between the central bank and other banks. The rates at which these funds change hands determine the rates at which lenders make loans to others, including retail borrowers.
The repo rate is the rate at which the central bank grants loans to commercial banks against government securities. The reverse repo rate is the interest that central banks pay banks for the funds they deposit with them. So, if the repo rate goes up, it means that the banks are getting funds from the central bank at a higher cost. This, in turn, will mean that banks will also lend to others at a higher cost. These two rates are key monetary policy tools for central banks in setting the cost of short-term funds.
Open market operations deal directly with the money supply and indirectly with interest rates. open market operations involve the buying and selling of government securities and sometimes commercial paper by central banks constantly regulating money supply and credit conditions. When the central bank buys securities in the open market, the effects will be (1) to increase the reserves of commercial banks, the basis on which they can expand their loans and investments; A rise in the price of government securities, equivalent to a fall in their interest rates; and lower interest rates in general, thus encouraging business investment. If the central bank sold securities, the effects would be reversed.


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When lawmakers turned to boxers https://eumag.org/when-lawmakers-turned-to-boxers/ Thu, 30 Dec 2021 17:45:53 +0000 https://eumag.org/when-lawmakers-turned-to-boxers/ Posted December 30, 2021 The legislative arm of government is the one with the responsibility of making laws and they are expected to be a lot of jawbones in reaching compromises and making laws that benefit their constituents. However, the situations in these sacred chambers can escalate into screaming matches and outright brawls. In this […]]]>

The legislative arm of government is the one with the responsibility of making laws and they are expected to be a lot of jawbones in reaching compromises and making laws that benefit their constituents.

However, the situations in these sacred chambers can escalate into screaming matches and outright brawls.

In this article, we recount the times when lawmakers of different nationalities resorted to their fists instead of speaking in 2021.

Jordan

Jordan’s parliament plunged into chaos on Tuesday with lawmakers throwing punches at each other after a discussion of a constitutional amendment that would mean greater rights for women heated up.

Video from the floor of the house shows a handful of lawmakers in a physical scuffle, threats and trade slurs. Even the Speaker of Parliament lost his temper when he resorted to yelling to manage the fray.

Kenya

Kenyan lawmakers on Wednesday fought on the floor of the national parliament, while debating a controversial bill governing political parties ahead of next year’s elections.

According to local media, two rival MPs exchanged blows and one suffered an eye injury. Videos showed him demanding intervention from the president as his eyes bled.

Ghana

Closer to us in West Africa, Monday, December 20, 2021, a debate in the Ghanaian parliament on a proposed tax on electronic transactions gave rise to a fight.

The government of President Nana Akufo-Addo had introduced a 1.75% fee on electronic transactions. The opposition was against the new levy which was to come into force on February 1, 2022.

Armenia

On the Asian continent, lawmakers sometimes throw punches when they don’t know what to do with words.

A scuffle erupted on the parliamentary floor in August after a ruling party deputy called some of the country’s former defense ministers “traitors.”

This statement led to objects being thrown on the floor of the house, even as lawmakers became physical with each other.

Taiwan

In September 2021, opposition lawmakers interrupted the annual speech by President Su Tseng-chang. Their actions resulted in some jostling while others poured water on their opponents.

At the end of the day, Su could not deliver her speech.

Nigeria

The fights on the floor of the National Assembly are not new. On July 15, a scuffle broke out in the House of Representatives, as lawmakers debated the electronic transmission of election results, which is a major component of the Election Law Amendment Bill.

Copyright PUNCH.

All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the express prior written permission of PUNCH.

Contact: [email protected]


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Derivatives: how to make contactless and front-to-back workflows a reality https://eumag.org/derivatives-how-to-make-contactless-and-front-to-back-workflows-a-reality/ Wed, 29 Dec 2021 05:30:00 +0000 https://eumag.org/derivatives-how-to-make-contactless-and-front-to-back-workflows-a-reality/ By Francesco Margini, Head of Product Management for Cleared Derivatives, ION Markets If anything has reinforced its importance throughout the pandemic, it is technology. Everything we did before the outbreak of the Covid-19 crisis has now received a technological boost. But when we talk about how technology automates processes in the capital markets industry, we […]]]>

By Francesco Margini, Head of Product Management for Cleared Derivatives, ION Markets

If anything has reinforced its importance throughout the pandemic, it is technology. Everything we did before the outbreak of the Covid-19 crisis has now received a technological boost. But when we talk about how technology automates processes in the capital markets industry, we are most likely referring to e-commerce and the transformation of the front office function. Unfortunately, the post-trade processes that are essential to support all market activity have historically received less attention.

Recognizing this loophole, the Bank of England convened the panel of post-trade technology market practitioners to explore how market participants could harness technology to create a robust post-trade ecosystem. In the report which was subsequently released, the panel of experts concluded that post-trade processing in the industry is too dependent on manual and outdated technological processes – a thorn in the side of many banks and brokers.

Post-trade trades always involve more manual processing than any other phase in the trade lifecycle. On the other hand, the execution of the front office is largely fully automated. What is it that still causes this discrepancy?

Root cause

Post-trade processes, both within and between companies, have evolved organically over time, with layers of infrastructure and workflows. While the goal was to support significant market expansion, it instead multiplied the complexities. Over the years, derivatives trading has focused on fixing old, obsolete systems rather than investing in new technology. However, the patchwork of fixes and short-term workarounds (adding layer after layer) is starting to unravel as it fails to deliver new levels of automation. In short, it is complex, expensive and inefficient, which has a direct impact on operational effectiveness, resilience and profitability.

Decades of underinvestment in the aftermarket have made large-scale platform redesigns rare, unlike the front office. And that needs to change – post-trade needs to follow the front office, and here’s why.

Front-to-back contactless workflow

The digitization of order flow has accelerated and the sell side is under closer scrutiny from the buy side and regulators. Transactions should be processed directly from front to back office with minimal or no contact, and clients expect brokers to provide a real-time view of their activities, including trades, positions, liquidity and risk .

Due to the fragmentation of post-trade systems and processes and the significant limitations of legacy applications, brokers are often unable to handle their clients ‘affairs in an accurate and timely manner and lack a holistic view of their clients’ affairs at through enforcement and compensation. As a result, brokers typically face significant remediation work on T + 1, where adjustments can be very complex; not to mention the various related consequences, which can prevent merchants and clients from accurately valuing their portfolios, not complying with reporting obligations or even incurring financial losses.

Inefficiencies in the back office are not just due to the lack of technological investment on the seller’s side. Other factors such as the disconnect between exchanges and CCP systems, lack of standardization in the industry in several areas (commodity symbol, brokerage) and buy-side FIX execution flows have all contributed to the enormous complexities that the sales side needs to take charge within its systems. In order to do business and serve their clients, clearing brokers must capture, map, enrich, reconcile data to bridge the gap between fulfillment and clearing flows. In addition to incurring exorbitant costs to manage their clearing activities, brokers face significant challenges in complying with increasingly stringent regulatory requirements.

Pain points for organizations

Bad static data is one of the most important issues affecting organizations. Front office, middle office and back office merchants suffer, resulting in significant operational inefficiency and business impact.

With the growing need to map and standardize static data between systems back and forth, brokers are looking to automate the management of static data of the products of exchanges, clearing houses, different internal systems and their clients. However, due to the duplication of data on several different systems, this is a daunting task that requires a significant technological overhaul to simplify the architecture and create central static data repositories. To this day, a very large portion of business disruptions is still due to incorrect static data.

Another pain point in the industry is the management of commissions. Existing systems are unable to accurately capture all of the trading information needed to accurately calculate and accumulate execution, commission and foreign exchange fees, resulting in significant remedial work typically done manually. Also, it results in lost revenue as companies are unable to collect the correct commissions from clients and third party fulfillment and clearing brokers who are involved in the billing process.

Additionally, the industry as a whole has not been able to implement processes to standardize and centralize fulfillment brokerage reconciliation and payment among market participants. This results in a huge backlog of unpaid invoices due to large discrepancies between the calculations made by the parties involved in the execution and clearing of customer affairs.

Capturing all the data required from front-office and clearing systems and keeping it on the stack through to end customers is critical to eradicating the issues that have plagued the cleared derivatives industry for decades. Meeting this challenge successfully, however, requires a deep understanding of the business processes involved and a significant technological investment to develop new automated solutions to replace obsolete systems.

Post-market reengineering

The market has undoubtedly evolved, but it has been done at a different pace for each asset class, and of course in different ways. When it comes to automating post-trade processes, equities have taken a head start, and while cleared derivatives have followed suit, increased regulation (EMIR, MiFID) has accentuated various weak points. .

In several banks, cleared derivatives are part of the equities business, quite simply because the first does not have sufficient profitability to be sufficient on its own. The low profitability of the cleared derivatives industry will persist unless the sell side rethinks its operating model and invests in modern technology that eliminates system fragmentation, streamlines key business processes, supports automation end-to-end and real-time processing.

The inefficiencies of post-negotiation processes present a compelling case for change. Banks have the easy choice between adopting a new technology and thriving or continuing with a patchwork of legacy systems and ending up falling behind existing competitors and new market entrants. By automating post-trade processes and implementing real-time solutions, banks will not only be able to reduce overheads, increase profits and grow at scale, but also improve service. client and gather important operational and business information through data and analytics.


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Global equities mixed in calm year-end trading | Economic news https://eumag.org/global-equities-mixed-in-calm-year-end-trading-economic-news/ Mon, 27 Dec 2021 09:15:00 +0000 https://eumag.org/global-equities-mixed-in-calm-year-end-trading-economic-news/ By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) – Major global equity benchmarks were mixed at the start of the last trading week of the year as countries grapple with the spread of the omicron coronavirus variant. The benchmarks were stable Monday morning in Paris and Frankfurt and fell in Shanghai, Bangkok, Tokyo and Seoul. […]]]>

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) – Major global equity benchmarks were mixed at the start of the last trading week of the year as countries grapple with the spread of the omicron coronavirus variant.

The benchmarks were stable Monday morning in Paris and Frankfurt and fell in Shanghai, Bangkok, Tokyo and Seoul. Taiwan and India were higher. London and some other markets have been closed for the holidays.

Comments from the Central Bank of China, or People’s Bank of China, over the weekend on support for the slowing economy highlighted differences in positions among countries trying to balance support for the recovery. economic post-pandemic with measures to control inflation.

The Federal Reserve is one of a handful of central banks that already started cutting interest rates or cutting back on the additional support they provided when the pandemic first hit global economies in early 2020 .

Political cartoons

“Divergences in global monetary policy are expected to widen as the new year approaches, especially after the PBOC’s announcement that it will remain ‘proactive’ in its use of monetary policy tools,” said the PBOC. Mizuho Bank in a comment.

“With the increase in Omicron cases across China, pushing regions to tighten down closures and social restrictions, the case for further support for growth is becoming clearer,” a- he declared.

The German DAX edged up 0.1% to 15,764.98 and the CAC 40 in Paris slipped 0.1% to 7,083.67. London was closed for the holidays. The future of the S&P 500 advanced 0.1% to 4,721.50. The future for Dow Industrials was virtually unchanged at 35,826.00.

In Asian trade, the Shanghai Composite Index edged down 0.2% to 3,615.97, while Thailand’s SET index rose less than 0.1%.

Tokyo’s Nikkei 225 index lost 0.4% to 28,676.46 and Seoul’s Kospi fell 0.4% to 2,999.55. The Indian Sensex gained 0.1% to 57,189.09.

Markets meandered after a mixed day of calm trading on Friday, when many markets around the world closed or ended early for Christmas.

Last week, the S&P 500 set a new record as fears faded over the potential impact of omicron outbreaks. However, much is still unclear about the variant, which is spreading extremely quickly, leading to a return to pandemic restrictions in some locations.

Hundreds of flights were canceled in the United States over the holiday weekend, with airlines reporting staff issues related to COVID. France has reported more than 100,000 new cases in a daily record.

Authorities in many countries have doubled their vaccination efforts as omicron outbreaks complicate efforts to avoid further closures while hospitals remain under pressure from delta-variant infections.

In energy markets Monday, benchmark US crude oil fell 84 cents to $ 72.95 a barrel in electronic trading on the New York Mercantile Exchange. The price of Brent crude oil fell 3 cents to $ 75.76.

The US dollar was at 114.64 Japanese yen, compared to 114.38 yen on Friday night. The euro slipped to $ 1.1308 from $ 1.1318.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Investment Management, Trading & Markets Updates – December 2021 | Alston & Bird https://eumag.org/investment-management-trading-markets-updates-december-2021-alston-bird/ Fri, 24 Dec 2021 19:09:13 +0000 https://eumag.org/investment-management-trading-markets-updates-december-2021-alston-bird/ NFA adds questions on virtual currency and micro-contracts to annual questionnaire On December 6, 2021, the National Futures Association (NFA) issued Notice I-21-42 to inform NFA members that new questions have been added to the annual Membership Cash / Physical Virtual Currency Questionnaire, virtual currency derivatives and micro-contracts. transactions. The new questions aim to respond […]]]>

NFA adds questions on virtual currency and micro-contracts to annual questionnaire

On December 6, 2021, the National Futures Association (NFA) issued Notice I-21-42 to inform NFA members that new questions have been added to the annual Membership Cash / Physical Virtual Currency Questionnaire, virtual currency derivatives and micro-contracts. transactions. The new questions aim to respond to the increased interest and activity in virtual currency products and micro-contracts. Since the Annual Questionnaire is to be completed annually and updated throughout the year to reflect significant changes in business activity, the NFA asks all CPO, CTA, FCM, FDM and IB members to respond to new questions as soon as possible to avoid unnecessary inquiries. .

SEC Releases Report on Market Structure Conditions for Equities and Meme Stocks and Options

On October 18, 2021, the Securities and Exchange Commission (SEC) released a staff report on the structural conditions of the stock and options market in early 2021, focusing on GameStop Corp’s January 2021 trading activity. (GME). GME’s stock prices have skyrocketed to new highs and garnered considerable attention, leading to GME becoming known as “meme stock”. As the episode progressed into January, several retail brokers temporarily banned certain activity on some of these stock and options memes. GME has experienced a number of factors that have impacted the actions of memes in general: (1) significant price movements; (2) large volume changes; (3) high short-term interest; (4) frequent mentions of Reddit; and (5) significant coverage in the mainstream media. Since the stock memes episode raised several questions about the structure of the market, the report also provides insight into the structure of the stock and options market for individual investors. The report concludes by identifying several areas of the market structure and regulatory framework that may be considered for a potential study, including: (1) the forces that may cause a brokerage to restrict trade; (2) digital engagement practices and order flow payment; (3) trading in dark pools and wholesalers; and (4) the dynamics of the short selling market.

SEC announces app results for fiscal 2021

On November 18, 2021, the SEC announced its enforcement results for fiscal 2021, which ended September 30. In fiscal 2021, the SEC filed 434 new enforcement actions, an increase of 7% from 2020. These new actions have covered the entire securities waterfront, including against threats. emerging in the crypto and SPAC spaces. The SEC also secured judgments and orders for nearly $ 2.4 billion in rebates and more than $ 1.4 billion in penalties, a 33% decrease and a 33% increase, respectively, from 2020. Fiscal year 2021 also set a whistleblower record, with the SEC awarding a total of $ 564 million to 108 whistleblowers. There have also been several noteworthy enforcement actions in new areas, such as actions involving securities using decentralized finance or ‘DeFi’ technology, securities law violations on the ‘dark web ‘, accusing an alternative data provider of securities fraud, failure to timely report and provide CRS forms, and action against an order and execution management system provider that facilitated trading electronic for not registering as a broker.

SEC Proposal on Electronic Record Keeping Requirements

On November 18, 2021, the SEC released proposed changes to the electronic record keeping and prompt filing requirements applicable to brokers, securities swap brokers (SBSDs) and major participants in securities swaps. titles (MSBSP). The proposal would align the SEC rule with current technology. Currently, the SEC’s Broker and Broker Electronic Document Retention Rule requires companies to keep electronic documents exclusively in a non-rewritable, non-erasable format. The proposed changes would add an audit trail alternative to this rule, allowing electronic records to be preserved in a way that allows for the re-creation of an original recording if it is altered, overwritten or deleted. The comment period for this proposal will be open until January 3, 2022.

SEC adopts changes to application of universal proxy rules, excluding registered investment firms and BDCs

On November 17, 2021, the SEC passed changes to the proxy rules that require the use of universal proxy cards in contested elections. The new rules will come into effect for shareholder meetings held after August 31, 2022 and will require companies and dissidents to list on their proxy cards all duly appointed director candidates: board nominees, board nominees, dissidents and any candidate for access to proxies. The rule was first proposed in 2016 and was largely adopted in its proposed form with one main change: a dissenter is required to declare that he will solicit holders of at least 67% of the voting rights with the right to vote in the election of directors.

In particular, the new rules will not apply to elections held by registered investment companies and business development company (BDC) funds. The SEC said that since the funds were not included in the original proposal, and based on the comments received by the SEC on the proposal, further consideration was needed to determine whether this new rule should work. apply to funds. The SEC encouraged industry participants, and in particular registered closed-end funds and BDCs, to continue an active dialogue with the SEC to explain the fundamental differences between activism in a corporate operating context and activism in a fund context.

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Stocks Rise on Wall Street, Indices Point to Weekly Gains | Economic news https://eumag.org/stocks-rise-on-wall-street-indices-point-to-weekly-gains-economic-news/ Thu, 23 Dec 2021 14:43:00 +0000 https://eumag.org/stocks-rise-on-wall-street-indices-point-to-weekly-gains-economic-news/ By DAMIAN J. TROISE, AP Business Writer Stocks rose Thursday morning on Wall Street, keeping the market on track for solid gains during the shortened holiday week. The S&P 500 was up 0.6% at 10:14 a.m. Eastern time. The Dow Jones Industrial Average rose 245 points, or 0.7%, to 35,996 and the Nasdaq rose 0.5%. […]]]>

By DAMIAN J. TROISE, AP Business Writer

Stocks rose Thursday morning on Wall Street, keeping the market on track for solid gains during the shortened holiday week.

The S&P 500 was up 0.6% at 10:14 a.m. Eastern time. The Dow Jones Industrial Average rose 245 points, or 0.7%, to 35,996 and the Nasdaq rose 0.5%.

About 85% of the stocks in the benchmark S&P 500 gained ground, led by tech companies and banks. The index is on track for a gain of 2.3% this week. US markets will be closed on Friday for Christmas.

Cisco systems, which make routers and other computer hardware, rose 1.8%. Chipmaker Micron Technology grew 3.3%.

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Bond yields rose and helped push banks up. The 10-year Treasury yield rose to 1.50% from 1.46% on Wednesday night.

Banks rely on higher bond yields to charge more lucrative interest on loans. Bank of America rose 1.1%.

Secure sectors like real estate and utilities have lagged the market.

European markets were up and Asian markets closed higher overnight.

Investors received several economic updates on Thursday before heading for a holiday break for the markets.

The Commerce Department said U.S. consumer prices rose 5.7% in November from a year earlier, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season. Companies have faced supply chain issues and higher raw material costs, and in turn passed these costs on to consumers.

Rising prices have raised fears that consumer spending, which accounts for 70% of U.S. economic activity, could slow and hurt economic growth. The latest report shows spending rose 0.6%, well below October’s 1.4% increase.

The Labor Department said the number of Americans claiming unemployment benefits was unchanged last week, remaining at an all-time low that reflects the strong recovery in the labor market after the coronavirus recession last year.

The latest data on prices and jobs comes as investors continue to assess the potential impact of the latest wave of coronavirus cases due to the omicron variant. Governments in Asia and Europe have tightened travel controls or pushed back plans to ease restrictions already in place.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Deutsche Börse (OTCMKTS: DBOEY) raised to buy from UBS group https://eumag.org/deutsche-borse-otcmkts-dboey-raised-to-buy-from-ubs-group/ Tue, 21 Dec 2021 16:25:08 +0000 https://eumag.org/deutsche-borse-otcmkts-dboey-raised-to-buy-from-ubs-group/ Deutsche Börse (OTCMKTS: DBOEY) was lifted by UBS Group equity research analysts from a “neutral” rating to a “buy” rating in a research note released to investors on Tuesday, The Fly reported. Other stock analysts have also recently published reports on the stock. Zacks Investment Research downgraded Deutsche Börse shares from a “hold” rating to […]]]>

Deutsche Börse (OTCMKTS: DBOEY) was lifted by UBS Group equity research analysts from a “neutral” rating to a “buy” rating in a research note released to investors on Tuesday, The Fly reported.

Other stock analysts have also recently published reports on the stock. Zacks Investment Research downgraded Deutsche Börse shares from a “hold” rating to a “sell” rating in a Thursday October 21 research note. Morgan Stanley reissued an “equal weight” rating on Deutsche Börse shares in a research note on Monday, November 29. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” note on Deutsche Börse shares in a research note on Thursday, October 21. One investment analyst rated the stock with a sell rating, three assigned a conservation rating, and five issued a buy rating for the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $ 164.00.

Shares of OTCMKTS: DBOEY traded down $ 0.05 when trading on Tuesday, reaching $ 15.88. 161,736 shares of the company were traded, for an average volume of 195,312. The stock has a market cap of $ 30.17 billion, a P / E ratio of 21.17 and a beta of 0.81. Deutsche Börse has a 12-month low of $ 15.40 and a 12-month high of $ 17.83. The company’s 50-day average mobile price is $ 16.45, and its 200-day average mobile price is $ 16.81.

Deutsche Börse (OTCMKTS: DBOEY) last released its quarterly profit data on Tuesday, October 19. The financial services provider reported earnings per share of $ 0.21 for the quarter, beating the consensus estimate of $ 0.19 by $ 0.02. Deutsche Börse had a net margin of 27.53% and a return on equity of 18.45%. The company posted sales of $ 1.27 billion in the quarter. As a group, analysts expect Deutsche Börse to post 0.8 EPS for the current fiscal year.

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About Deutsche Börse

Deutsche Börse AG is engaged in the provision of IT services and the distribution of market data. It operates through the following segments: Eurex, EEX, Xetra, 360T, Clearstream, IFS, GSF, Qontigo and Data. The Eurex segment includes the electronic trading of European derivatives, commodities and currencies.

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Analyst Recommendations for Deutsche Börse (OTCMKTS: DBOEY)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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