| | | | | | | | December 10, 2024 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Chris Edmonds: ICE Enhances User Experience with ICE Connect Platform
JohnLothianNews.com
Intercontinental Exchange (ICE) has unveiled significant improvements to its ICE Connect platform, according to Chris Edmonds, president of fixed income & data services at ICE. In a recent interview with John Lothian News at FIA EXPO 2024, Edmonds highlighted the platform's evolution and its competitive edge in the market.
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| | | | | | Lead Stories | | | Investor optimism for U.S. stocks eclipsing 2000's dot-com bubble raises 'negative' shock risk; U.S. consumers have never been so bullish on stocks, with record divergence relative to their income expectations, according to Deutsche Bank Research
Christine Idzelis - MarketWatch
Ordinary investors are sending an extremely bullish signal on stocks, creating the risk of a "negative" surprise should speculative behavior lead to a sudden bursting of a potential stock-market bubble in 2025, according to Deutsche Bank Research.
"U.S. consumers have never felt so optimistic about gains in the stock market over the next 12 months, eclipsing anything we saw around 2000," Jim Reid, global head of macro and thematic research at Deutsche Bank, said in a note emailed Tuesday. "Retail investors are often seen arriving late, and en masse, to speculative market moves," he said, adding that it's "possible this could be such a period."
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GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch; Scheduled to launch in Q1 2025, GFO-X is the UK's first regulated and centrally cleared trading venue dedicated to digital asset derivatives.
Wesley Bray - The Trade News
ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial have been named as strategic partners for GFO-X ahead of its launch in Q1 2025. GFO-X is the UK's first regulated and centrally cleared trading venue dedicated to digital asset derivatives. The trading venue stated that it has been working closely with these partners to deliver the requirements necessary to grow the institutional digital asset index futures and options market.
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US investors have saved $250bn by investing in ETFs, says BofA; The savings compared with mutual funds was mainly due to tax advantages rather than exchange traded funds' lower fees
Steve Johnson - Financial Times
US investors have saved $250bn by investing in exchange traded funds rather than traditional mutual funds, since their creation in 1993, according to calculations by Bank of America. The sum is equivalent to 2.5 per cent of the $10tn US-listed ETF market.
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Why Bitcoin Is in Short Supply
Alexander Osipovich - The Wall Street Journal
Bitcoin is limited by design to just 21 million coins, and 19.8 million have already been created. What's more, big institutions have amassed a growing stash of bitcoin in recent years. Those buyers range from public companies such as MicroStrategy-which bought another $2.1 billion's worth last week-to financial firms and governments. Dig deeper:
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Crypto Volatility Picks Up as Trump-Fueled Rally Starts to Fray; Index of smaller coins posts one of its worst drops of 2024; Bitcoin has whipsawed since scaling the key $100,000 level
Sunil Jagtiani - Bloomberg
A bout of selling buffeted crypto as the optimism sparked by President-elect Donald Trump's embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024. Speculators plowed into crypto after the US election on Nov. 5, spurred by Trump's pledge to create a supportive regulatory backdrop and his controversial backing for a national Bitcoin reserve. At the same time, the notorious volatility of digital assets leaves investors prone to exiting bets quickly.
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MicroStrategy Buys More Bitcoin as Funding Draws Scrutiny; Buys 21,550 Bitcoin for $2.1 billion in the past week; Fifth consecutive Monday that the firm announced purchases
Monique Mulima - Bloomberg
MicroStrategy Inc. bought another $2.1 billion in Bitcoin while its combination of equity and fixed-income securities sales to finance the rapidly increasing acquisitions draws increased scrutiny.
It was the fifth consecutive Monday that the Tysons Corner, Virginia-based firm announced purchases of the digital asset. Co-founder and Chairman Michael Saylor has accumulated Bitcoin now worth more than $41 billion over the past four years after deciding that the small enterprise software maker needed to embark on a different path to survive. He accelerated the strategy shift in October by announcing plans to raise $42 billion over the next three years through an evenly split combination of at-the-market stock sales and convertible debt offerings.
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| | | | | | Exchanges | | | Aquis VWAP Match service set to go live in Q1; New service is an extension of the exchange's conditional orders launched in February and will rival similar launches announced by competitors such as Cboe in recent months.
Annabel Smith - The Trade News
Aquis Exchange's new VWAP matching service is set to go live in the first quarter of next year, The TRADE can reveal. Named Aquis VWAP Match, the new service will initially launch in Q1. It will use conditional indication of interests (IOIs) and use a VWAP period of five minutes. Members will be able to submit IOIs at a volume weighted price using all the major reference markets for that calculation.
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| | | | | | Strategy | | | Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?; Bar for a November CPI surprise capable of derailing easing is high, Fed watchers say
William Watts - MarketWatch
Fed-funds futures traders are around 85% sure the Federal Reserve will deliver a rate cut of 25 basis points next week - that's a level of confidence that's pretty much in line with history this close to a policy decision.
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Investors may face a major inflation surprise next year. How pros are preparing.; Big investment managers like Nuveen are factoring in the possibility that their base-case expectations for a soft landing, accompanied by easing inflation, might turn out to be wrong
Vivien Lou Chen - MarketWatch
The year ahead has the potential to deliver a combination of forces that is likely to keep inflation above the Federal Reserve's 2% target, while undermining investors' hopes for easing price gains and multiple interest-rate cuts by the Fed.
Chief among these factors in 2025 are incoming President Donald Trump's tariff and immigration proposals. Until details of those plans come to fruition after he takes office in January, market participants who spoke with MarketWatch said they're holding out hope that inflation can remain contained and that Trump's talk turns out to be just a negotiating tactic.
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| | | | | | Education | | | VIX Behavior in Bull and Bear Markets
tastylive (Video)
It's not always easy to take the measure of a market, whether you've been trading for a day or a decade. On this segment we look under the hood-options probabilities, volatility, trading strategies, futures, you name it-so your trading mechanics are built to manage more winners.
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| | | | | | Miscellaneous | | | Now You Can Avoid Taxes Like the Rich and Famous; Technology such as AI widens access to tax-optimization strategies, including the launch of funds that explicitly seek to defer tax payments
Jon Sindreu - The Wall Street Journal
The buzzword on Wall Street is to "democratize" everything that was once exclusively for sophisticated investors, be it hedge-fund strategies, options trading or private markets. It was only a matter of time until the list included tax avoidance. This is the time of year when legal ways to avoid paying income tax are top of mind. Income taxes are levied on interest from bonds and bank deposits, as well as on preferred dividends and the sale of investments for a gain. Qualified dividends and long-term capital gains get a lower rate. Even if you receive cash from your fund and invest it right back, you owe the taxman.
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****** Can I not go to jail like the rich and famous too?~JJL
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