A new blockchain organization has been put together to standardize a new commodities trading platform.
New details include:
The Swiss-based venture, dubbed komgo SA, has been established by a host of international financing, trading, and production institutions that include ABN AMRO, BNP Paribas, Citi, Credit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS, and Societe Generale.
“The first [komgo product] will standardize and facilitate the know-your-customer [KYC] process. The second […] will be a digital letter of credit, allowing commodity houses or other platforms to submit digital trade data and documents to the komgo customer banks of their choice.”
Webinar: Optimal timing of your strategy
This pertaining a video I have posted. As a result, I believe I have found the optimal strategy which I can talk about. Note there will noe video playback for this other than my memberships
Optimal timing of your strategy
This pertaining a video I have posted. As a result, I believe I have found the optimal strategy which I can talk about. Note there will no video playback for this other than my memberships.
Note I will stream this on my Youtube channel at https://www.youtube.com/user/quantlabs
You are invited to a Zoom webinar.
When: Oct 1, 2018 7:00 PM Eastern Time (US and Canada)
Topic: Optimal timing of your strategy
Please click the link below to join the webinar:
Or iPhone one-tap :
US: +16465588656,,838924098# or +16699006833,,838924098#
Dial(for higher quality, dial a number based on your current location):
US: +1 646 558 8656 or +1 669 900 6833
Webinar ID: 838 924 098
International numbers available: https://zoom.us/u/abfBVY0XB3NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Quants want Data, Soul Searching at Large Banks
Desperate measures call for desperate actions
https://www.bloomberg.com/news/articles/2017-08-08/quants-clamor-for-data-causing-soul-searching-at-large-banksNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Bitcoin blockchain offer banks potential but HFT give benefits now
Some industry highlights from the article below
Last spring, automated market maker and Modern Markets Initiative (MMI) member firm GTS agreed to buy Barclays Plc’s Designated Market Marker (DMM) business on the New York Stock Exchange floor, giving the firm responsibility to oversee trading for more than 1,200 blue chip securities. Following this transaction, GTS is leveraging these corporate relationships to partner with banks, helping them to trade in other asset classes such as foreign exchange.
Credit Suisse Group’s Wake USA formed a partnership with MMI member firm Tower Research Capital. That arrangement allows the Swiss bank to leverage Tower’s technology platform to manage its customer-facing electronic rates business.
And recently, Virtu Financial Inc, another global electronic market maker, announced a three-year agreement with JP Morgan Chase & Co. to help the bank trade more efficiently in the US treasury market.
http://www.bankingtech.com/701961/blockchain-offers-banks-potential-but-hft-provides-benefits-now/NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
HFT woo Asia students over banks
High-Speed Traders Woo More Asia Recruits Than ‘Gloomy’ Banks
FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
For students like Sun Jiaxuan at the National University of Singapore, the future of finance is all about high-frequency trading firms, not the Wall Street banks that graduates once aspired to. Recruiters from DRW Holdings LLC, a Chicago firm that’s expanding in Asia, found that out last month when they visited the school.
To read the entire article, go to http://bloom.bg/2fiSz2Z
[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/05/TwoPin-Banks-highest-excess-and-deposits.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/05/TwoPin-Banks-highest-excess-and-deposits.jpg” size=”large”]
banks lied about HFT dark pool
Nothing new here
http://www.theaustralian.com.au/business/wall-street-journal/banks-lied-to-dark-pool-clients-about-hft/news-story/fd8bef7025e13167f4b09bf6871f1addNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Currency also known as forex traders are being laid off at banks and hedge funds. The reason is that algorithms are replacing their capabilities as human traders.
Some may not know, but there is an open source language called Julia that is trying to be like Python but faster. It seems one of my followers better known as the NYC Contact sent me this.
Lastly, Dr. Paul Cottrell did a 90 minute presentation on the history of the Bank of Japan. Other minor topics were discussed as well. The webinar was recorded so do check it out here.
I’m still struggling to get this Python script for position management on open positions for market exit potential. As a newbie. sometimes Python never cooperates when I want it to.
Once posted, I will have this available for all Quant Elite Members.
Thanks for reading
BryanaNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Forex trading less valued at banks and hedge funds
All thanks to HFT and high speed trading firms like Virtu
From Bloomberg, Feb 7, 2016, 7:15:00 PM
Charlie Stenger, a currency-broker-turned-recruiter, has seen it all. One fired trader wept in his office. Another admitted he hadn’t told his wife he was unemployed, and left the house every day in a suit to sneak off to a coffee shop. Then there are the delusional guys, who carefully explain how they’re not interested in jobs that don’t pay as well as those they just lost.
To read the entire article, go to http://bloom.bg/20j9geV
As they say, cry me a frigging river!
“The business has to be downsized,” said Keith Underwood, a foreign-exchange consultant who ended a 25-year trading career, including at Lloyds Banking Group Plc, in 2014. But it’s not easy “for people who have been in a market for many, many years to see that they’ve been replaced by an algorithm.”
Humans are up against formidable opponents across the industry. Take Virtu Financial Inc. Deploying sophisticated technology in the business, the company’s computers can trade more than 11,000 securities and other products on more than 225 trading platforms in 35 countries. Because automation is so deeply ingrained in its business, it had only about 150 employees last year — generating more than $5 million per worker.
ADAPT OR DIE!
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/02/Italy-Banks-are-dragging-down-the-FTSE-Mib.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/02/Italy-Banks-are-dragging-down-the-FTSE-Mib.jpg” size=”large”]