Board of Governors-Federal Reserve System The Board of Governors of the Federal Reserve System has requested comment on a proposal to expand the operating days of the Fedwire Funds Service and the National Settlement Service. Under the proposal, both services would operate every day of the year with the Fedwire Funds Service open 22 hours … Continue reading Prop trader news scan as of 1:11 pm EST
Reserve Bank of Australia. Policy Meeting: The Reserve Bank of Australia meets on 6-7 May 2024 to discuss its policy rates. The central bank will issue a statement on its decision on 7 May at 2:30 pm AEST. The current cash rate is 4.35%. Source: Reserve Bank of Australia. Reserve Bank of New Zealand. Policy … Continue reading Prop trader news scan as of 7:30 pm EST. What is a currency union?
Proprietary trading. News trading. Singapore. “FNG has learned that a number of leading (and not-so-leading) retail prop trading firms have begun to implement rules for their clients that restrict the trades that can be made (or, profit that can be booked) by traders immediately around major news events. The practice, known as News Trading, is … Continue reading Prop trader news scan as of 8:47 am EST. What is a prop trade challenge? Labor estimates miss.
U.S. District Court, SDNY, Jane Street, Millennium Management, proprietary trade. “A former Jane Street Group trader who moved to Millennium Management ridiculed his former employer’s claims that he used its secret strategy to make a killing at his new job in India’s options market.” — Bloomberg, MSN. CoinW Exchange, Dubai. CoinW Exchange, a leading force … Continue reading Prop Trade News Scan as of 11:55 am AST. What is “front running?”
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective. The … Continue reading Federal Reserve issues FOMC statement
Washington, D.C. — The Commodity Futures Trading Commission today announced it has approved a final rule that amends the capital and financial reporting requirements of Swap Dealers (SDs) and Major Swap Participants (MSPs). The amendments make changes consistent with CFTC Staff Letter No. 21-15 regarding the tangible net worth capital approach for calculating capital under CFTC Regulation 23.101, … Continue reading CFTC Approves Final Rule Amending the Capital and Financial Reporting Requirements of Swap Dealers and Major Swap Participants
April 26, 2024 Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with … Continue reading Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud
The world has risk-laden problems to solve. Higher borrowing rates are indicia of higher risks to returns on capital, but the cries for lower rates do not appear to resonate with capital’s search for high returns that compensate for higher risks. If the Federal Reserve System is to meet its statutory dual mandate of stable … Continue reading Is it time for the Federal Reserve to raise the federal funds rate?
The Federal Reserve Board on Wednesday announced it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation of McLean, Virginia, to acquire Discover Financial Services of Riverwoods, Illinois. The comment period is being extended to provide additional time for interested parties to comment on the proposal. … Continue reading Federal Reserve Board announces it will extend through May 31, 2024, the public comment period for the application by Capital One Financial Corporation to acquire Discover Financial Services
Alton Drew 