Weiss Ratings, a U.S. independent rating agency, had announced that it will issue letter grades on cryptocurrencies, to be released Wednesday January 24.
They will include market leader Bitcoin along with a series of altcoins like Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold, and many more.
While regulations continue to be top of mind for financial institutions, banks have another main concern: the innovations and progress being made by fintechs, according to a survey released by EY.
Financial institutions need to be more aware of the effect fintechs-which provide “simpler, more convenient, more transparent” services, are having on the industry, EY stated in its Global Banking Outlook survey for 2018. In its Global Banking Outlook 2018 survey, EY assessed 221 financial institutions across 29 markets. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress.
Looking to the financial markets it is always a human game. Fear and greed are always present. In these last periods we can note two human sentiments facing each other: on the one hand, increasing optimism, which is an anticipation of future greed: stock markets continue to rise steadily with such low volatility that the market’s fractality has been temporarily replaced by an incredible linearity.
Syngenta AG announces that today it will file the relevant form with the Securities Exchange Commission (“SEC”) in order to voluntarily delist its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”). The delisting will become effective on January 18, 2018. NYSE has advised Syngenta AG that it will suspend trading of the ADSs prior to the market opening on January 8, 2018. As such, holders of ADSs will not be able to trade their ADSs on NYSE thereafter.
In 2007, Warren Buffett, the famed billionaire investor made a $1 million bet that an S&P 500 stock index fund would outperform a basket of hedge funds over the course of a decade.
The index fund returned 7.1% compounded annually over the 10-year period, easily beating the 2.2% average return of a basket of funds picked by asset manager Protégé Partners, according to The Wall Street Journal. The Wall Street Journal reported that when the New York Stock Exchange closed on Friday, Dec. 29, Buffet, chairman of Berkshire Hathaway Inc., had won the bet – and it wasn’t close.
The U.S. Securities and Exchange Commission is expected to clear the way for music-streaming service Spotify to go public using the unusual method of a direct listing. The successful music-streaming service Spotify will release its stocks to the public in 2018 through a direct offering instead of the traditional IPO.
Before Spotify can directly list its shares, the New York Stock Exchange must win approval from the SEC to change its rules. “The NYSE has applied for such a change and the SEC has indicated to Spotify it’s likely to approve,” The Wall Street Journal reported.
Building on the basis of the basic article “Smart traders track” (TRA-DERS’ 04/2017; available in the shop at www.traders-media.de), you learned in the first part of this strategy series (TRADERS’ 05/2017), how to find useful trading possibilities within a time unit by combining different trend sizes. In this part we talk about how you find lucrative trading signals by combining time units while trading trends in a clever way.
According to an annual survey by Wall Street recruiting firm Options Group, total compensation for fixed income and equities professionals in the US will be down 7% from last year, on average.
The decline is steeper still for those working in certain business lines, such as credit, rates and cash equities. And there are few bright spots. Only foreign exchange trading (+1%) and those working in electronic markets for fixed income (+7%) and equities (+3%) are expecting to see a pick-up in their compensation.
