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JLN Regions Summary: European Investors Crowd Into Nordic Junk Bonds; Nigeria to Register Brokers Selling Foreign Stocks; Investors Short Bunds as Germany Struggles to Recover
With Nordic high-yield borrowing costs about 200 basis points higher than in the euro market, investors from Europe are crowding into Nordic junk bonds. Issuance of Nordic high-yield corporate bonds soared 122% in the first quarter from a year earlier to $7.6 billion....
CME announces close of most of its trading pits; Cboe dabbles in ESG – The Spread
This week on The Spread, the CME Group announces it’s keeping most of its pits closed for good, Cboe announces it’s getting into ESG derivatives, and more.
Traders Ramp Up Bets on a Hawkish Fed Surprise at Jackson Hole; Fed Stability Report Comes as Close as It Can to Saying ‘Bubble’
Traders Ramp Up Bets on a Hawkish Fed Surprise at Jackson Hole; Fed Stability Report Comes as Close as It Can to Saying ‘Bubble’
IEX Group
IEX is changing its retail price improvement program to enhance performance for retail investors, whose increased participation has led to larger equity volumes being traded off-exchange and to scrutiny by regulators, MarketsMedia reports.
JLN Regions Summary: Vickers Venture Partners Falls Prey to Nickel Scam in Singapore; Chinese-Australian Dialogue Suspended; Argentina Adopts Meatless Mondays
Vickers Venture Partners, a technology startup investor founded by Finian Tan, has fallen victim to an alleged nickel trading scheme fronted by Singaporean company Envy Global Trading. Ng Yu Zhi, the businessman at the head of this scheme, has been charged with faking...
Death of Chicago’s grain options pits hits traders as crop prices soar; Investors Bet on Dollar’s Slow Downward Drift
Death of Chicago’s grain options pits hits traders as crop prices soar; Investors Bet on Dollar’s Slow Downward Drift
House Financial Services Committee
The House Committee today looks into stock market volatility related to the run-up of GameStop Corp. shares and the collapse of Archegos Capital Management. SEC Chairman Gary Gensler is expected to testify and suggest investor-protection rules may need updating.
JLN Regions Summary: Pandemic Disrupts Hajj Pilgrimage in Saudi Arabia; Silver Lake’s Talks With New Zealand Rugby League Spark Debate; Cigarettes Disguise Currency Exchange in Caracas
Japanese online brokerage company SBI has ended a long venture with Chinese insurance company Ping An due to high fintech development costs and an increased concern with data security. (Finews) Australia & New Zealand Banking Group Ltd. is in a strong position to...
CME Group
CME Group said Tuesday that it would permanently close most of its open-outcry trading pits in Chicago. It will keep open only the Eurodollar options pit.
CME to permanently close most trading pits; Market Volatility on Yellen’s Comments About Rate Increases Is Misdirected
CME to permanently close most trading pits; Market Volatility on Yellen’s Comments About Rate Increases Is Misdirected
JLN Regions Summary: EU Investors Pulled Between the US and China; Australian Companies Get a Second Wind with IPOs; Mexico’s Shadow Banks Worry Investors
In light of China’s recent political moves (its assertiveness over Taiwan, tighter controls over Hong Kong and alleged mistreatment of Muslim Uyghurs) many European nations have either joined with the Biden Administration to further sanction China, or continued to...
IncubEx
The environmental derivatives platform IncubEx has raised $11.7 million in its latest fundraising round and is expected to float its shares in London in 2021.
The Ghost of ‘Volmageddon’ Is Back to Haunt New Volatility Funds; Environmental derivatives firm IncubEx raises $12m in funding round
The Ghost of ‘Volmageddon’ Is Back to Haunt New Volatility Funds; Environmental derivatives firm IncubEx raises $12m in funding round
JIm Krause: The Path to Electronic Trading
Former CME CIO Krause Recalls the History of CME Globex From the Beginning Jim Krause came to the futures industry from a job in temperature control and HVAC at a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by...
Credit Suisse Sued for Alleged Market Manipulation; OIC 2021 a Virtual Success – The Spread
This week on The Spread, Credit Suisse prepares for round two of a lawsuit alleging it committed market manipulation, a New York vol quant wins big on momentum trades, the OCC wins and gives awards, and more.
JLN Regions Summary: Tesla’s PR Shift in China; Vasuki Shastry Highlights Challenges Facing Asian Markets; Doing Business in Dubai
Tesla’s response to complaints in China has shed light on the company’s, and CEO Elon Musk’s, treatment of regulators and how the importance of China’s market may change their tune. (Bloomberg Opinion) Author Vasuki Shastry explains some of the challenges facing the...
Intercontinental Exchange Group Inc.
Intercontinental Exchange (ICE) sold its stake in the US cryptocurrency exchange Coinbase for more than $1.2bn (€1bn) as it reported record revenues and net income for the first quarter of this year.
Hedge funds are poaching top volatility traders from Wall Street banks; Dollar steadies as traders brace for more U.S. data
Hedge funds are poaching top volatility traders from Wall Street banks; Dollar steadies as traders brace for more U.S. data
JLN Wellness Exchange: Record Covid Numbers Seen Worldwide
The number of new coronavirus cases worldwide shot up to a new record (NY Times), with 400,000 in India, putting pressure to waive vaccine patents to stop the spread (WSJ). The sick in India are caring for the sicker (WSJ). The U.S. is launching trade talks on...
Summary of Regions Stories From the John Lothian Newsletter for April 30, 2021
China’s government meets to plan an economic recovery from COVID by maintaining its current plans with macro policies (Bloomberg), while Japan’s government discusses opening up sports betting on baseball and basketball to curb pandemic pressures (FT).
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John Lothian Newsletter
Today's Newsletter
From Dutch Tulips to Internet Stocks, Bubbles Often Burst
First Read $40,951/$300,000 (13.7%) Brian Duff ++++ JLN Editor-in-Chief Sarah Rudolph to Return to Full-Time Duties Monday; Suzanne Cosgrove Named JLN Deputy Managing Editor JLN Editor-in-Chief Sarah Rudolph has been working part time for the past few weeks and will...
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Traders Ramp Up Bets on a Hawkish Fed Surprise at Jackson Hole; Fed Stability Report Comes as Close as It Can to Saying ‘Bubble’
Traders Ramp Up Bets on a Hawkish Fed Surprise at Jackson Hole; Fed Stability Report Comes as Close as It Can to Saying ‘Bubble’
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