Category Archives: Trading

emerging, Trading

Turkey Struggles to Protect Its Lira

The plunge of the lira has already exposed the Turkish economy’s dependence on short-term foreign investment. Most foreign capital is invested in Turkish stocks and bonds rather than longer-term projects.

All it takes is a phone call or a few clicks of a mouse for short-term investors to move their money elsewhere, and that is what foreign investors have been doing, not only in pulling money out of Turkey but from countries like Russia, Argentina and South Africa, whose currencies have also fallen as a result.

http://www.nytimes.com/

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Trading

High-Speed Trading Isn’t About Efficiency—It’s About Cheating

When hedge funds use bots to buy and sell stocks within milliseconds, they’re not improving the market. They’re rigging the market.

 

High-frequency trading (HFT) hedge funds. These funds use computer algorithms—a.k.a.: algobots—to buy and sell stocks at incredible speeds. We’re talking milliseconds. The idea is to react to any market news or inefficiencies before actual humans can process them.

http://www.theatlantic.com/

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  • Behind One Second of Trading
    10000
    One second of trading on Dec. 5 provides a stark example of how frenetic trading can be in today’s high-octane computer-fueled stock market. Earnings for the Bolingbrook, Ill., company were due to be released after the closing bell at 4 p.m. Eastern. At about 3:48 p.m., the trader issued an…
    Tags: trading, sell, milliseconds, market
  • Confused about high-frequency trading? Here's a guide
    89
    A new book by author Michael Lewis describes how trading algorithms that detect and exploit tiny, fleeting profit opportunities, called high-frequency traders, have transformed the stock market. And not by ripping off middle class investors. But that doesn't mean there are no problems. Read on to understand what high-frequency trading is, and…
    Tags: trading, high-frequency, market, they're, hft
  • Dark markets may be more harmful than high-frequency trading #HFT
    85
    Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges. Some former regulators and…
    Tags: trading, market, stocks, high-speed, rigging, high-frequency, hft
  • Regulating high frequency trading
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    Thank you for that kind introduction. And my sincere thanks to everyone here for joining this lunchtime session. It’s a great pleasure and privilege to return to New York. I want to offer a few reflections this afternoon on market innovation and, in particular, the on-going debate around high frequency…
    Tags: market, trading, hft, high-frequency
  • How Individuals Should Think About High-Frequency Trading
    82
    The release of the latest Michael Lewis book, “Flash Boys,” and the subsequent report on “60 Minutes” has reignited the debate over the purpose and value of high-frequency trading (HFT). Like many innovations, HFT had some noble objectives when it first started (to improve both the cost and timing of…
    Tags: trading, hft, high-frequency, react, milliseconds
Trading, trend

We all turn to data. Adios SMS and Calls

In a taxi, workshops, banking halls, under tree shades, name it – you cannot miss seeing someone on Facebook, Twitter, Skype, Kik or Whatsapp, thanks to the increasing popularity of internet-enabled phones and smartphones.

Evidence can be found in the news of the planet.

Informa Telecoms & Media has predicted that global annual SMS revenues will fall by US$23bn by 2018, to US$96.7bn, down from US$120 billion in 2013.

Belgian operator Proximus recorded a drop in SMS traffic over the New Year holiday. Traffic was down 9 percent froAccording to initial figures from

Spanish operator Yoigo reported that 8 percent more customers used mobile data services over the New Year’s holiday, and data used per customer rose 170 percent from a year earlier.

 

France’s mobile operators, the new year brought further evidence that SMS usage in the country is being increasingly cannibalised by alternative services such as MMS or picture messages and over-the-top messaging apps.

If you think that telecom provider will rise the cost to compensate then you probably miss that in Europe there will be no more roaming cost soon.

“From July 2014 you would no longer be charged extra when you receive a call on your mobile phone while travelling in another EU country. Companies would need to offer “roam like at home” packages that apply across the bloc, or allow you to use a separate roaming provider without changing your original SIM card.”

Telecoms are not simply sitting back to watch their revenues from voice calls and SMS shrink. They have shifted goalposts towards data, with solid competition for the internet subscribers expected.

Ready for this trend ?

So how will telecom companies react to this ?

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  • #Alibaba Sinks $215 Million Into Messaging App #Tango, Valuing It At More Than $1 Billion
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    Alibaba Sinks $215 Million Into Messaging App Tango, Valuing It At More Than $1 Billion   China’s Alibaba is the latest Internet giant to make a bet on the messaging space, and it’s a big one. The company is spending $215 million for a minority stake in the messaging and free-calling…
    Tags: messaging, billion, trend, telecom
  • Four Numbers That Explain Why Facebook Acquired WhatsApp
    44
    Earlier today, Facebook announced its acquisition of WhatsApp for $16 billion. It’s a spectacular milestone for the company’s co-founders Jan Koum and Brian Acton, and their remarkable team. From the moment they opened the doors of WhatsApp, Jan and Brian wanted a different kind of company. While others sought attention, Jan and…
    Tags: whatsapp, facebook, billion, earlier, telecom
  • KPCB’s Mary Meeker presents the 2015 Internet Trends report
    44
    KPCB’s Mary Meeker presents the 2015 Internet Trends report, 20 years after the inaugural “The Internet Report” was first published in 1995. Since then, the number of Internet users has risen from 35 million in 1995 to more than 2.8 billion today. The 2015 report looks at key Internet trends…
    Tags: internet, mobile, rise, trend
  • Mark Cuban Reveals The Only 13 Apps On His Phone
    43
    We caught up with billionaire entrepreneur and investor Mark Cuban during South by Southwest Interactive in Austin. Our first question: what apps does the "Shark Tank" star and Dallas Mavericks owner have on his smartphone? Read more: http://www.businessinsider.com/mark-cuban-13-apps-phone-2014-3#ixzz2wLaru5Rl
    Tags: apps, gard, phone, trend
  • Do you use #uber. Uber taking over a city in just four days.
    42
    Uber’s global expansion has exploded bringing the service to 74 cities since the start of 2011 – the ride-hailing app added 13 new cities in just the first 50 days of 2014 alone – and spearheading this rapid growth are a crack team known as launchers. Described as a blend…
    Tags: drop, global, trend
Trading

Behind One Second of Trading

One second of trading on Dec. 5 provides a stark example of how frenetic trading can be in today’s high-octane computer-fueled stock market.

Earnings for the Bolingbrook, Ill., company were due to be released after the closing bell at 4 p.m. Eastern. At about 3:48 p.m., the trader issued an order to sell 26,000 shares of Ulta stock, according to people familiar with the trading.
Instead of selling the stock at the current market price, the trader decided to sell it at the price it fetched at the close of trading, a common strategy fund managers employ when selling big blocks of stock. The heavy trading that typically accompanies the close can minimize the impact of a big trade on the price of the stock.

At 4 p.m., Ulta’s stock was changing hands for about $122 a share.

About 150 milliseconds after 4 p.m., Business Wire released Ulta’s earnings, according to people familiar with the timing of the release. The earnings results missed analyst expectations, a sign for traders to sell.

Within about 50 milliseconds, in a series of rapid-fire trades, about 6,200 shares of Ulta’s stock were sold on New York stock exchanges for nearly $122, totaling nearly $800,000.

http://blogs.wsj.com

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    https://www.youtube.com/watch?v=ZWz_Pln_uuI
    Tags: trading
  • If market follows the same script, trouble lies directly ahead
    77
    There are serie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash. That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a…
    Tags: market, stock, trading
  • Sovereign Wealth Fund Rankings | Sovereign Wealth Fund Institute
    77
    http://www.swfinstitute.org/fund-rankings/
    Tags: trading
  • Forex: 10 Events to Watch Next Week 19Aug-22Aug
    77
    Forex: 10 Events to Watch Next Week In order of release 1. UK Consumer Price Index (Aug 19) 2. New Zealand Dairy Auction (Aug 19) 3. RBA Semi-Annual Testimony (Aug 19) 4. Bank of England Minutes (Aug 20) 5. FOMC Minutes (Aug 20) 6. HSBC China Manufacturing PMI Aug Flash…
    Tags: trading
  • Predicting big market crashes is a difficult business, but ...
    75
    Predicting big market crashes is a difficult business, many would say impossible. A pair of physicists - drawing inspiration from the market for bitcoin, no less -might be on to something. They turned to the bitcoin market because it has a unique feature, perhaps related to the fact that it is still…
    Tags: market, price, big, trading
Trading

Twitter’s retention rate somewhere in the mid-20 percent range.

Yes, Twitter has a growth problem. But more than that, the company has another headache: Getting people to stick around after signing up.

According to people close to the company, Twitter has seen more than one billion registrations to its service over the past seven and a half years. Stack up that figure against the most recent active user number — 241 million — and you’ve got a retention rate somewhere in the mid-20 percent range.

http://recode.net/

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  • Twitter account SochiProblems has emerged as the viral curator
    10000
    The Olympics officially began yesterday, but the defining image of the games so far is the issues surrounding Sochi’s readiness. Athletes, journalists and tourists have been sharing their experiences publicly on social media, and #SochiProblems has become the default hashtag for exposing deficiencies in hospitality, accommodation failures and the endless parade of…
    Tags: twitter
  • Nice Video : Jack Dorsey at Startup School 2013
    73
    Square co-founder and Twitter chairman Jack Dorsey made an appearance at Y Combinator’s Startup School event where he spoke about acceptance and motivation in how you build a team and company. You can’t do something without a common share or purpose — you will wobble and not do anything that…
    Tags: twitter, company
  • Twitter struggles to get new users, its revenue side is killing it
    63
    In 2009 Twitter was a 50-person company punching way above its weight in cultural impact, its micro-blogging platform blasting its way into the public imagination. But its ambitions were even higher. According to leaked internal documents, the company had privately set goals over the next few years of a billion…
    Tags: twitter, company, billion
  • Why is America’s largest cable TV company buying its biggest rival for $44 billion?
    57
    Why is America’s largest cable TV company buying its biggest rival for $44 billion? Well, not to oversimplify things, but that’s easy to explain: http://qz.com/176837/one-sentence-and-six-charts-explain-why-comcast-is-buying-time-warner-cable/
    Tags: billion, company
  • This is what Twitter looks like when two groups with different political views talk.
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      As part of a new study on Twitter’s network structures, the Pew Research Center and the Social Media Research Foundation tracked a single hashtag related to America’s budget conflict over two days. What the researchers found are “large dense groups that have little inter-connection or bridge between them.” In…
    Tags: twitter, user
FED, Trading, USA

Fed Chair Janet Yellen’s first testimony 11-Feb-2014

Fed Chair Janet Yellen’s first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January’s jobs is more about bad weather, or something more worrisome.

Yellen, who took the helm at the central bank Monday, has not been an active part of the speaking circuit like other Fed officials. So traders will study her every nuance to see if she is as dovish as they expect her to be, while also promoting a tapering back of the Fed’s bond-buying program. The Fed has cut back twice and is now buying $65 billion a month, a program expected to wind down before year end.

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  • How Economics PhDs Took Over the Federal Reserve
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    There was a lot of uncertainty and debate last summer and fall over whether President Obama would appoint Janet Yellen or Larry Summers as Federal Reserve chair. What wasn’t really up in the air was whether the new head of the world’s most powerful central bank would have a doctorate in economics.…
  • FOMC not so important this month
    74
    The Federal Open Market Committee releases minutes from its last meeting on Wednesday afternoon, but Wall Street is already downplaying the event as a sideshow in comparison to an annual symposium on monetary policy in Jackson Hole, Wyoming, two days later. "The FOMC minutes are telling us about what happened…
    Tags: will, bank, ahead, fed, event, month, yellen, central
  • #Yellen Suggests Roughly 6 Month Gap Before #Rate Increases After Bond-Buying Program Ends
    69
    Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program. The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a "considerable time" after its signature…
    Tags: bond-buying, program, yellen, fed, billion, $, year, wind, janet, month
  • Fed's monetary stimulus turned to high ?
    65
    Prior to the Fed's monetary stimulus at the start of financial crisis in 2008, the Fed held around $900 billion assets. Today the Fed's assets are $4.1 trillion and rising, but at a tapering pace.
    Tags: fed's, $, tapering, billion, fed
  • The Fed Is Not As Powerful As We Think
    65
    This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
    Tags: fed, chair, economic, yellen, week, bank
Trading

China central #bank says to continue stable monetary policy

China‘s central bank reiterated its stance of continuing with a stable monetary policy this year and promising to contain risks in lending, noting that the economy has yet to find a stable base for growth.

In its quarterly monetary policy report, released on Saturday, the People’s Bank of China (PBOC) also said that it would step up oversight of lending in risky areas such as property and industries struggling with overcapacity.

(Reuters)

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  • How China's Slowdown Is Having Ripple Effects All Over The World
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    Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%. Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are…
    Tags: growth, economy, china, year, china's
  • Don’t Lump All Emerging Markets in Together
    10000
    One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China. Much of the analysis in the last few days has focused on why these nations are less exposed to…
    Tags: china, growth
  • 11 Ugly Charts That Confirm China's Dramatic Slowdown
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    11 Ugly Charts That Confirm China's Dramatic Slowdown During the National People's Congress, China's policymakers announced that it would target 7.5% GDP growth target for 2014. This is down from 7.7% growth in 2013, and the recent data shows that the economy is clearly off to a slower start to…
    Tags: china's, growth, economy, lending, people's, year, china
  • China's central bank is prepared to take its strongest action since 2012
    69
    China's central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy discussions say. A cut would be triggered if growth slips below 7.5…
    Tags: bank, central, china's, growth, policy, monetary, year, economy, china
  • Why did the market Crash ?
    69
    When stock markets are free-falling 10+% in a matter of days, it’s natural to seek some answers to the question “why now?” Some are saying it was all the result of high-frequency trading (HFT), while others point to China’s modest devaluation of its currency the renminbi (a.k.a. yuan) as the…
    Tags: china, growth, economy, central, bank
Trading

Ukraine’s economy is in urgent need of assistance

Ukraine’s economy is in urgent need of assistance will Russia with Putin as leader help them out ?

Vladimir Putin holds brief talks with Viktor Yanukovich at Sochi Games as Ukraine awaits Russian bailout amid uprising.

Viktor Yanukovich, who has been battling anti-government protesters since he rejected a trade deal with EU in favour of closer ties with Russia, arrived back to Ukraine on Saturday, following a brief meeting with Putin.

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  • Fitch Downgrades Ukraine to 'CCC'
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    Ratings agency fears steep and uncontrolled depreciation of the currency as central bank limits private transfers abroad of around $5,700 a month Ukraine's economic woes deepened on Friday after Fitch downgraded its credit rating and the central bank imposed new capital controls to bolster the hryvnia. The ratings agency cited…
    Tags: ukraine, ukraine's
  • #Crimea Through a Game-Theory Lens
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    A Russian occupation of Crimea raises the specter of the Cold War, in which the nuclear stalemate between the United States and the Soviet Union devolved into regional disputes around the world. While military and political frictions made the biggest headlines, the Cold War couldn’t be well understood without using…
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  • Collaborative Economy Honeycomb
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    Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
    Tags: economy
  • Crimea votes to join Russia, accelerating Ukraine crisis
    67
    Crimea's parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula. The sudden acceleration of moves to bring Crimea, which has an ethnic Russian majority and has…
    Tags: russia, russian, ukraine
  • Tesla Gigafactory Production Exceeds 2013 Global Production
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    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: economy
Trading

Foreign-exchange options are the latest issue to come under scrutiny

A regulatory probe that flamed up in one corner of the vast foreign-exchange market is now engulfing the entire industri.

The latest conflagration: concerns about a type of foreign-exchange derivative that is widely used by financial institutions and companies world-wide, according to a person familiar with the matter.

http://online.wsj.com/

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  • Citi's European spot forex head trader Ramchandani out amid probe
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    Citigroup's head of European spot foreign exchange trading, Rohan Ramchandani, has left the global bank, a spokesperson told Reuters on Friday. "He is no longer with Citi," bank spokeswoman Danielle Romero-Apsilos told Reuters. Asked if Ramchandani, who has been based in London, had been fired amid a global investigation into…
    Tags: probe
  • New York bank regulator Lawsky opens currency trading probe
    10000
    Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter. The source said Lawsky has asked for documents from Barclays BARCR.UL, Credit…
    Tags: familiar, financial, probe, institutions, matter
  • Nr 4 Deutsche Bank fires Argentine trader in wake of FX probe
    38
    Deutsche Bank has fired a currency trader in Argentina amid investigations by global regulators into alleged manipulation of the foreign exchange market, according to a source familiar with the matter, bringing to four the number of traders the bank has dismissed. Ezequiel Starobinsky, a vice president, at Deutsche office in…
    Tags: probe, familiar, matter, market
Trading

Fitch Downgrades Ukraine to ‘CCC’

Ratings agency fears steep and uncontrolled depreciation of the currency as central bank limits private transfers abroad of around $5,700 a month

Ukraine‘s economic woes deepened on Friday after Fitch downgraded its credit rating and the central bank imposed new capital controls to bolster the hryvnia. The ratings agency cited the ongong political instability and fears over its debt repayment schedule as it downgraded the country from “B-” to “CCC”. Fitch added that “political uncertainty has contributed to a weakening in confidence in the Ukrainian hryvnia and in the exchange rate policy”.

http://www.theguardian.com

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  • Webcast of the press conference 4 September 2014
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    Press conference following the meeting of the Governing Council of the European Central Bank on 4 September 2014 at its premises in Frankfurt am Main, Germany, starting at 2:30 p.m. CET: Introductory statement by Mario Draghi, President of the ECB. Question and answer session. Registered journalists pose questions to Mario Draghi, President…
    Tags: central, bank
  • Swiss National Bank's foreign exchange reserves inched higher in August. That may change soon
    65
    The Swiss National Bank's foreign exchange reserves inched higher in August, data showed on Friday. The SNB held 453.799 billion Swiss francs in foreign currency at the end of August, compared with 453.353 in July, revised from an originally reported 453.391 billion, preliminary data calculated according to the standards of…
    Tags: currency, exchange, friday, bank, central
  • Is the Fed Behind the Curve?
    53
    Imagine Fed Governor Rip van Winkle started his nap at the beginning of 2007 and just woke up to find that inflation is close to the Fed’s objective and the unemployment rate is at its 30-year average. You could forgive him for expecting the federal funds rate to be close…
    Tags: rate, policy, bank, central
  • Markets will now most likely sit on their hands until Friday’s economic summit
    50
    The dollar is stronger today following the slightly hawkish stance of the FOMC Minutes, which hinted at the potential for an earlier-than-expected hike in interest rates. Nothing is likely to happen any time soon though, and equities liked that idea in continuing their positive trend, with the S+P regaining its…
    Tags: friday, economic, bank, central
  • THINGS TO LOOK OUT FOR AT THURSDAY’S ECB MEETING
    50
    Mario Draghi has set the bar high for the European Central Bank’s next meeting Thursday. The bank president’s warning about reduced inflation expectations, made in a speech on Aug. 22, fanned hopes that the ECB may announce additional stimulus measures to boost economic growth and prices. A report Friday showing…
    Tags: bank, fears, month, central, friday, economic