The State Secretariat for International Financial Matters (SIF) under the Swiss Federal Department of Finance and the Hong Kong Monetary Authority (HKMA) launched on Tuesday in Bern a financial dialogue to promote co-operation on financial market issues of common interest. At the margin of the Dialogue, the Swiss Bankers Association (SBA) and the HKMA facilitated an open seminar for the private sector.
Federal authorities have opened a criminal investigation into the massive data breach at Equifax, which potentially exposed the personal information of up to 143 million Americans, including their Social Security and driver’s license numbers.
Federal prosecutors are examining the nearly $1.8 million in sales of Equifax stock by Chief Financial Officer John Gamble, Joseph Loughran, president of the credit-reporting giant’s U.S. Information Solutions division, and Rodolfo Ploder, president of the firm’s Workforce Solutions Unit, Bloomberg News reported, citing unidentified people familiar with the investigation.
This is, of course, a provocative heading that shoots against successful investors. And it is a thesis, which probably most traders reject. But, in return, we ask the question of the Holy Grail of the trades: Is it really true? If we define this grail as a constantly successful trading system, the consequence is clear: there is no such thing.
American billionaire Warren Buffett’s Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.
Buffett had received the warrants in 2011 after investing $5 billion in the bank, which was suffering at the time from the fallout from the global financial crisis.
Building on the basis of the basic article “Smart traders track” (TRA-DERS’ 04/2017; available in the shop at www.traders-media.de), we introduce a strategy to you in this article that will help you combine obvious trend figures with each other in a clever way. This makes a profitable trading setup.
Whoever wants to trade successfully, should know the individual components (see infobox) as well as the behavior of the individual market players. These leave behind tracks within the chart with their purchases and sells. We want to trade confluent trend figures within a time unit and therefore need to look at the courses of the trends within a time unit. It’s therefor necessary to figure out:
The sharing of sensitive information has been at the root of many of the scandals facing the financial services industry recently, for example the LIBOR and FX rigging episodes. However, the US’ Federal Bureau of Investigation (FBI) has now marked Wall Street traders as a potential area of focus, given the use of encrypted apps to hide illicit communications.
According to reports emerging in the Financial Times, the FBI is becoming increasingly concerned that Wall Street traders have found a way to turn encryption to their advantage when it comes to illegally exchanging insider information.
IBM and HSBC are developing cognitive intelligence technology that can be used to boost the success of financial services, freeing up staff time and allowing for more innovation.
The solution, which is already in use in Hong Kong and the UAE, uses IBM robotics technology to analyse documents, digitising and extracting the relevant data before feeding it into HSBC’s transaction processing systems.
The CBOE Volatility Index .VIX, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, was down 0.24 points to 9.19, after earlier falling to 9.04, its lowest since December 1993. The VIX has never ended a session under 9 in its history but is on pace to log a close near that level today.
The VIX is derived from the price of S&P 500 Index .SPX options. A low VIX reading typically indicates a bullish outlook for stocks.
