Markets News Stocks 

Linde: Over 50% shares tendered in Praxair offer

“Now that the exchange has passed 50%, stock market operator Deutsche Boerse AG (DB1.XE) can replace Linde AG shares on the stock market with the Linde PLC shares” writes Max Bernhard for marketwatch.com. Linde AG (LIN.XE) said Friday that 50.85% of its outstanding shares have been tendered by shareholders as part of an exchange offer tied to its planned merger with Praxair Inc.That in turn allows index funds to tender any Linde AG shares they hold, raising the likelihood of the merger’s success.PX, +1.94% For the deal to go through…

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News 

Iraqi and Kurdish forces exchange fire over shared border as tensions rise

“Iraqi and Kurdish forces exchanged fire over their shared border on Friday in the most serious clashes since the crisis began, as federal forces ousted the Kurds from remaining disputed territory” writes Alex Sutherland for telegraph.co.uk. Iraq’s anti-terrorism and federal police forces shelled Kurdish Peshmerga military positions in Altun Kupri, just outside the country’s autonomous Kurdish region. Source: telegraph.co.uk Share This:

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Futures Markets News Stocks 

Happy 30th anniversary, Black Monday!

“It comes from buying or selling index futures to capture the difference in price between the cash market and the futures market” writes Aol Staff for aol.com. With U.S. stocks trading at all-time highs, it might be easy to forget that 30 years ago this week Wall Street had its worst single-day loss ever.It then told banks to loan out that money to support trading and provide the liquidity needed to keep stocks trading.This deepened losses in the futures market, which prompted more selling. Source: aol.com Share This:

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Markets News Stocks 

Xavier Rolet to step down as boss of London Stock Exchange next year

“Xavier Rolet, the chief executive of the London Stock Exchange Group, is to step down in December 2018, the company said this morning” writes Jon Yeomans for telegraph.co.uk. Mr Rolet said: “I am extremely proud of all we have done together in just under a decade to turn LSEG into a truly global financial market infrastructure group.”. LSEG remains well positioned for the opportunities ahead and remains confident of delivering further success and value for shareholders.”. The company hailed his “extraordinary success” as leader, pointing out LSEG’s market capitalisation had…

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Crypto News 

Binary.com ‘Blockchain IPO’ Tokens to List on Lykke Vanuatu Exchange

“Lykke Vanuatu and Binary.com, a binary options trading platform, today announced an agreement to list tokens from the forthcoming Binary.com IPO on the blockchain on the Lykke Vanuatu Exchange” reports financemagnates.com. To obtain these rights, traders need only purchase one or more tokens from the exchange once they become available. “We are looking forward to being listed on Lykke Vanuatu Exchange,” added Sireau. “We are anticipating a good result.”. Jean-Yves Sireau, founder and CEO of the company, explained: “An IPO on the blockchain breaks down barriers for us. Source: financemagnates.com Share…

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Crypto News 

Fund manager Novogratz agrees to advise ethereum-based digital coin exchange

“Now he is attaching his name to a young digital coin project based on the technology of digital currency ethereum” writes Rick Wilking for cnbc.com. A famed Wall Street investor behind what may become the largest digital assets investment fund is moving deeper into the world of digital coins.Other advisors include Brock Pierce, an early bitcoin investor and founder of venture capital firm Blockchain Capital, and Ambassador Clifford Hart, former U.S. consul general to Hong Kong.Former Fortress hedge-fund manager Michael Novogratz agreed on Oct. 4 to join the board of…

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News 

SEC invites comments on CBOE plans to offer electronic-only order type

“For that matter, an electronic order type is simply creating a convenient way for market participants to indicate they want a specific order to avoid manual handling” reports financefeeds.com. CBOE insists that the “electronic-only” will act as an order routing designation and does not substantially change how orders can be handled or processed today.If an order is routed to a PAR or OMT and the TPH who entered the order prefers the order not be handled manually, they are free to resubmit the order electronically or cancel the order.At present,…

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Crypto News 

CopPay: New Kid On The Blockchain

“Tokens that are not sold during the ICO will be frozen until the CopPay blockchain is active” reports newsbtc.com. Payments can made directly from the client to the merchant’s cryptocurrency wallet and are received within minutes (depending on the cryptocurrency used in the transaction).CopPay’s entire solution is powered by the Ethereum blockchain technology; an open-source way of creating a secure distributed ledger of transactions.Eventually, CopPay’s ambition is to build its own blockchain, allowing COP tokens to be used as the primary transactional unit. Source: newsbtc.com Share This:

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