News Stocks 

Traders bet GE could be gearing up for a massive rally

“And options traders are betting the stock could be gearing up for a bigger rally” writes unknown author for cnbc.com. General Electric shares have been in free fall, but options traders are betting on a resurgence ahead.This trade implies a more than 30 percent rally for shares of GE from their current levels.FactSet analysts currently have General Electric at a hold rating with an average price target of $16.42.On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling…

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News 

Wall Street banks had best quarter in years. They are firing traders anyway

“Global investment banks reaped the most first-quarter revenue in three years, but that didn’t stop the industry from firing traders as a years-long contraction continues, according to a report” writes Michael Nagle for cnbc.com. The world’s 12 biggest banks generated $43.9 billion in revenue from trading stocks and bonds and advising on mergers and security issuance, according to financial research firm Coalition. That’s 3.3 percent more than the year-earlier period as strong equities trading results offset declines in bond trading and investment banking, the firm said Thursday. Source: cnbc.com Share This:

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XTX to Launch eFX Pricing and Trading Engine in Singapore

“XTX Markets (XTX), a liquidity provider to the equity, FX, fixed income and commodity markets, announced today that it is launching an electronic FX (eFX) pricing and trading engine in Singapore” reports financemagnates.com. The launch, which will be done in partnership with the Monetary Authority of Singapore (MAS), will see XTX becoming the first liquidity provider to operate an eFX trading engine in the country.The trading system will go live in June and will operate from Equinix’s mammoth SG1 data center. Source: financemagnates.com Share This:

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Crypto News Platforms 

GDAX Will Apparently Rebrand to Coinbase Pro

“As of right now, the plan is to rebrand this platform to Coinbase Pro” writes Jp Buntinx for livebitcoinnews.com. This second trading solution is operated by Coinbase, next to their more novice user-friendly trading platform.The GDAX platform we know today will undergo some big changes.Most cryptocurrency users have gotten acquainted with the GDAX platform. Source: livebitcoinnews.com Share This:

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Crypto News 

Bitcoin price manipulation probe underway at Justice Department

“The US Department of Justice is investigating possible cryptocurrency price manipulation, at least according to sources that have leaked the probe” reports slashgear.com. The sources claim that spoofing and wash trading schemes are of particular interest to the DOJ, which is giving focus primarily to bitcoin and ether.According to the tipsters, the DOJ has teamed with the Commodity Futures Trading Commission (CFTC) to determine whether some traders have or had been manipulating the price of cryptocurrencies like bitcoin.Japan, for example, has started regulating currencies like bitcoin, while China has simply…

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Nutanix shares fall on earnings miss

“Analysts surveyed by FactSet had estimated adjusted losses of 19 cents a share on revenue of $278.7 million” writes Tech Reporter for marketwatch.com. NTNX, -1.63% shares dropped more than 7% before taking back some of those losses and trading down 4.2% in the extended session Thursday after the company missed analyst earnings expectations. Source: marketwatch.com Share This:

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News Stocks 

Meet the first woman to run the New York Stock Exchange

“Turns out the history-making woman has had quite an exciting journey since starting at the stock exchange more than two decades ago” writes Nicole Gallucci for mashable.com. Cunningham is about to take on one of the top roles in Wall Street, but the 34-year-old got her start at the stock exchange as an intern. The news comes a year after Adena Friedman became the first woman leader at the Nasdaq, which means two of the largest stock exchanges in the world will soon be led by women. Source: mashable.com Share This:

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Markets News Stocks 

A 1-day spike in Wall Street’s ‘fear index’ made Goldman $200 million

“The volatility gauge tends to move inversely to equity indexes” writes Mark Decambre for marketwatch.com. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. Goldman has been less trading focused of late, pouring money into consumer banking and hiring senior executives in its investment-banking and technology divisions. Source: marketwatch.com Share This:

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Crypto Markets News Platforms 

Bitcoin value gyrates amid report of Department of Justice manipulation investigation

“Thoroughly research virtual currencies, digital coins, tokens, and the companies or entities behind them in order to separate hype from facts.”” writes unknown author for usatoday.com. Separately, the Securities and Exchange Commission warned in March of “potentially unlawful” online trading platforms that lack regulatory oversight.Bitcoin prices see-sawed Thursday following a report that the Department of Justice and the nation’s top commodities regulator are investigating whether traders have manipulated the price of digital currencies.The price swings came after Bloomberg News reported that the Department of Justice had opened a criminal investigation of…

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