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Electronic Trading

Electronic Trading

3.42k followers11 symbols Watchlist by Motif Investing

Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.

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  • Financial Times

    Boris Johnson allies urge him to honour loan charge promises

    Allies of Boris Johnson are pressurising the UK prime minister to deliver on promises to suspend the loan charge , as key deadlines loom for tens of thousands facing the controversial tax. The charge requires ...

  • Why Bakkt may be the best news for Bitcoin investors yet
    Decrypt

    Why Bakkt may be the best news for Bitcoin investors yet

    Bakkt, the Bitcoin futures trading platform, is finally opening its doors in September. And the institutional investment dream is alive.

  • NYSE Owner to Offer Futures Paying Out in Bitcoin Next Month
    Bloomberg

    NYSE Owner to Offer Futures Paying Out in Bitcoin Next Month

    (Bloomberg) -- Intercontinental Exchange Inc., the parent of the New York Stock Exchange, won an approval that clears the way for its Bakkt unit to allow investors to buy derivatives that pay out with Bitcoins for the first time.The New York State Department of Financial Services on Friday granted a charter to Bakkt Trust Co. to hold custody of customers’ tokens. The futures had already gotten a green light from the U.S. Commodity Futures Trading Commission under a self-certification process. The first contracts will be offered Sept. 23.“We believe that the availability of a benchmark that can be referenced globally will create confidence in the true price of Bitcoin,” Kelly Loeffler, Bakkt’s chief executive officer, said in a telephone interview. “It’s an important step in creating more trust.”Despite its status of the world’s most valuable cryptocurrency, Bitcoin is known for wild price swings that some say are the result of manipulation. Digital tokens trade on platforms that face far less regulatory scrutiny than exchanges for stocks or derivatives. Many of the venues are also located outside the U.S.According to Loeffler, the fragmented nature of Bitcoin trading means that there’s a lack of confidence of prices. She said that ICE’s futures contracts will lead to a new one-year price curve for Bitcoin that traders can use to express views on the cryptocurrency as they would with other asset classes.Some of the brokerages who already work with ICE to trade futures have agreed to also handle the crypto contracts, according to Bakkt.ICE has said its ultimate goal is to create an ecosystem that would encourage pension funds, endowments and other institutions to invest more money in cryptocurrencies, and make it much easier for consumers to buy products with the cryptocurrency. The venture, announced to much fanfare in August 2018, has lined up big-name backers, including Starbucks Inc. and Microsoft Inc.The goal is to have Bakkt serve as backbone of digital payment infrastructure at retailers starting in 2020, Loeffler said.Bakkt had faced months of delays amid skepticism from the CFTC officials around how clients’ tokens would be stored, and thus safeguarded from possible theft and manipulation, according to people familiar with the matter. The concerns prompted ICE to seek the license from New York.While ICE’s Bakkt futures won’t be the first Bitcoin futures to be listed on a major U.S. derivatives exchange, they could be the most significant for the burgeoning crypto industry. CME Group Inc. and Cboe Global Markets Inc. launched contracts in December 2017 that pay out in U.S. dollars on expiration, not actual Bitcoin. The Cboe no longer offers them.When Bakkt’s one-day and one-month contracts expire they would pay out in Bitcoin tokens instead of U.S. dollars. The futures will be exchange-traded on ICE Futures U.S. and cleared on ICE Clear US, which are federally regulated by the CFTC.Bitcoin erased losses of as much as 6% to trade little changed at about $10,400 after the announcement. The largest cryptocurrency has dropped about 13% this week. It traded around $7,400 when the the venture was first announced.(Adds comments from Bakkt CEO in fourth and fifth paragraphs.)\--With assistance from Olga Kharif.To contact the reporter on this story: Ben Bain in Washington at bbain2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-NY financial regulator approves Bakkt trust license

    Bakkt Trust Co LLC has been granted a license to operate as a limited liability trust company, the New York State Department of Financial Services said on Friday. Bakkt is a cryptocurrency platform affiliate of Intercontinental Exchange Inc, which also owns the New York Stock Exchange. A trust company is technically different from a bank in New York but can take deposits and make loans, and act as an agent for government bodies.

  • E*TRADE's (ETFC) July 2019 DARTs Increase 1% From June
    Zacks

    E*TRADE's (ETFC) July 2019 DARTs Increase 1% From June

    E*TRADE's (ETFC) Daily Average Revenue Trades (DARTs) of 255,423, for July, mark an increase of 1% from the prior month.

  • Schwab Declines 3% as July Net New Assets Fall Sequentially
    Zacks

    Schwab Declines 3% as July Net New Assets Fall Sequentially

    Decline in new asset balance is likely to hurt Schwab's (SCHW) financials going forward.

  • Financial Times

    Intercontinental Exchange to launch trading in bitcoin futures

    Intercontinental Exchange, the world’s second-largest exchange group by market value, is to launch trading in bitcoin futures next month, in a long-awaited bid to lure more Wall Street investors into the sometimes treacherous world of crypto. Bakkt, the business set up by the Atlanta-based group a year ago to develop infrastructure for trading digital assets, said on Friday that it would launch two physically delivered bitcoin futures contracts on September 23, one of them monthly and one daily. of crypto assets has been a big concern of institutional investors, because exchanges have repeatedly suffered hacks and outages.

  • How to Trade Unicorns Before They IPO
    Zacks

    How to Trade Unicorns Before They IPO

    A growing herd of unicorns and their founders and investors are finding liquidity without rushing to IPO

  • Read This Before Buying Nasdaq, Inc. (NASDAQ:NDAQ) For Its Dividend
    Simply Wall St.

    Read This Before Buying Nasdaq, Inc. (NASDAQ:NDAQ) For Its Dividend

    Could Nasdaq, Inc. (NASDAQ:NDAQ) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • Introducing Intercontinental Exchange (NYSE:ICE), The Stock That Zoomed 137% In The Last Five Years
    Simply Wall St.

    Introducing Intercontinental Exchange (NYSE:ICE), The Stock That Zoomed 137% In The Last Five Years

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

  • Interactive Brokers (IBKR) Down 7.5% Since Last Earnings Report: Can It Rebound?
    Zacks

    Interactive Brokers (IBKR) Down 7.5% Since Last Earnings Report: Can It Rebound?

    Interactive Brokers (IBKR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Financial Times

    US stocks slide 3% as bond market signals recession

    US equities fell 3 per cent on Wednesday after disappointing data from China and Germany increased fears over global growth and bond markets signalled the chances of a recession were mounting. In Asia, Japan’s Topix was down 1.9 per cent, erasing gains for the year, while the S&P/ASX 200 in Australia fell 1.2 per cent. Hong Kong’s Hang Seng index and China’s CSI 300 were down 0.67 per cent and 0.91 per cent respectively on opening. “I think that the US economy has enough strength to avoid [a recession].

  • Governance, Reimagined: A Look Inside the Digitized Boardroom
    CorpGov.com

    Governance, Reimagined: A Look Inside the Digitized Boardroom

    Every board member plays a role in corporate governance - from IT leaders to corporate secretaries and directors. Learn how you can pave the way toward better governance and discover what a digitized board means for organizations. Download the guide from Nasdaq, Inc.

  • Thomson Reuters StreetEvents

    Edited Transcript of VIRT earnings conference call or presentation 8-Aug-19 11:30am GMT

    Q2 2019 Virtu Financial Inc Earnings Call

  • Financial Times

    Why the good times are unlikely to last for exchange groups

    Shares of CME Group and Intercontinental Exchange are at record highs, underscoring investors’ enthusiasm for companies that run the infrastructure for global markets. With equity capitalisations of $77bn and $52bn, respectively, the US duo are the most highly-valued of the clutch of trading venues specialising in stocks, bonds, futures, derivatives and foreign exchange. Over the past decade, the Dow Jones Global Exchanges index has produced total returns of 163 per cent, more than double the 79 per cent return for the MSCI World Banks index.

  • Financial Times

    MarketAxess to break into $14tn Treasury market with LiquidityEdge deal

    MarketAxess, the US corporate bond trading venue, is to compete with CME Group and Tradeweb in the $14tn US Treasury market after agreeing a deal to buy LiquidityEdge, a small electronic marketplace, for $150m. It will pay $100m in cash and $50 in MarketAxess stock for Liquidity Edge, which is majority-owned by former ICAP executive David Rutter. Shares in MarketAxess rose 0.4 per cent to $364 on the news on Tuesday.

  • This Top-5 Cannabis Grower Applies for Nasdaq Listing
    Motley Fool

    This Top-5 Cannabis Grower Applies for Nasdaq Listing

    A well-known marijuana stock appears to be headed to the Nasdaq.

  • Surprise! This Pot Stock Withdrew Its Plans to List on the Nasdaq
    Motley Fool

    Surprise! This Pot Stock Withdrew Its Plans to List on the Nasdaq

    Despite being approved to list its shares on the Nasdaq, this niche cannabis stock has chosen to stay on the over-the-counter exchange.

  • GuruFocus.com

    Marketaxess Holdings Inc (MKTX) Chairman & CEO Richard M Mcvey Sold $7 million of Shares

    Chairman & CEO of Marketaxess Holdings Inc (30-Year Financial, Insider Trades) Richard M Mcvey (insider trades) sold 20,000 shares of MKTX on 08/08/2019 at an average price of $350.07 a share. Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of CBOE earnings conference call or presentation 2-Aug-19 12:30pm GMT

    Q2 2019 Cboe Global Markets Inc Earnings Call

  • GuruFocus.com

    Cboe Global Markets Inc (CBOE) Chairman, President and CEO Edward T Tilly Sold $863,850 of Shares

    Chairman, President and CEO of Cboe Global Markets Inc (30-Year Financial, Insider Trades) Edward T Tilly (insider trades) sold 7,500 shares of CBOE on 08/06/2019 at an average price of $115.18 a share. Continue reading...

  • Benzinga

    Intercontinental Exchange Adopts New Volatility Indices

    The Intercontinental Exchange (ICE), an exchange operator, will acquire a family of fixed income volatility indices, including Merrill Lynch’s Option Volatility Estimate (MOVE) to improve client risk management. “The MOVE Index has a long history of providing strong signals about bond market sentiment, and we’re excited to have it become part of our portfolio of fixed income indices,” said ICE Data Services President and COO Lynn Martin. The MOVE Index is a measure of volatility in U.S. interest rates.

  • Top Research Reports: Bristol-Myers, CME Group, Chubb & More
    Zacks

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

    Top Research Reports: Bristol-Myers, CME Group, Chubb & More

  • PRA Group's (PRAA) Q2 Earnings Beat Estimates, Fall Y/Y
    Zacks

    PRA Group's (PRAA) Q2 Earnings Beat Estimates, Fall Y/Y

    PRA Group's (PRAA) second-quarter earnings gain traction from higher revenues.

  • Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript
    Motley Fool

    Virtu Financial Inc (VIRT) Q2 2019 Earnings Call Transcript

    VIRT earnings call for the period ending June 30, 2019.