News 

Goldman Sachs wades into the equity derivatives hiring frenzy, poaching an up-and-coming trader from Barclays

“REUTERS/Danny Moloshok Goldman Sachs has waded into the equity derivatives hiring frenzy, poaching an up-and-coming trader from Barclays” writes Alex Morrell for businessinsider.com. Equity derivatives traders have become the focus of an intense Wall Street hiring battleground, with more than 40 moves at the level of vice president or higher in equity derivatives in the US this year.The bank has hired David Wernert, formerly an equity derivatives trader at Barclays focused on single-stock trading, according to people familiar with the matter.Goldman lagged behind peers, reporting equity trading revenues of $1.89…

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Crypto News 

UK Will Lead in Crypto-Blockchain Space: Report

“BOE Governor Mark Carney criticized bitcoin and other digital currencies, saying bitcoin has failed as a viable currency and as a store of value” writes Nathan Reiff for investopedia.com. DAG Global CEO Sean Kiernan believes that the traditional financial world of the U.K. is primed to integrate with the digital currency space.He suggests that “the U.K. is a major global financial hub and in recent years has become a fintech leader as well.In order for the study above to come to pass, regulators’ opinions on digital currencies will likely have…

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Blackstone’s Gray says this is the biggest mistake investors can make amid trade-war worries

“Gray said Wall Street investors should instead focus on the economy’s strength” writes Markets Reporter for marketwatch.com. “Waiting for an all-clear [on the trade issue] is a mistake,” he said at CNBC’s Delivering Alpha conference.Jonathan Gray, the president of alternative investment manager Blackstone Group L.P. BX, +1.37% on Wednesday encouraged investors to look beyond the short-term volatility that has at times rattled markets amid heightened trade tensions between the U.S. and its major trading partners. Source: marketwatch.com Share This:

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Markets News 

JPMorgan’s Erdoes warns of market volatility underpinned by monetary policy, geopolitics

“Mary Callahan Erdoes, CEO of J.P. Morgan’s asset & wealth management unit, and one of the more prominent women on Wall Street, warned that financial advisers were standing in front of “a lot of never haves” in terms of macroeconomic conditions, citing the degree of quantitative easing and globalization, as well as the fact that there hasn’t been a trade war in a half century” writes Anneken Tappe for marketwatch.com. She also warned that a tapering or ending asset purchases by the European Central Bank could introduce a funding short-fall…

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Markets News 

JPMorgan earnings will show Trump trade war’s impact on Wall Street

“Revenue may climb 8 percent to $27.6 billion, reflecting gains in overall lending and higher interest revenue” writes Paul Sakuma for washingtonexaminer.com. At JPMorgan, trading gains may fuel companywide profit growth of more than 20 percent to $2.22 a share, the average estimate from analysts surveyed by FactSet.Wall Street banks often benefit from such volatility, which spurs investors to adjust their holdings to capture growth or simply safeguard existing wealth.The president has shrugged off their concerns, maintaining his policies will ultimately yield better trade deals for the U.S. and chip…

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Citi has poached a quant trading exec from Credit Suisse as Wall Street’s equity derivatives hiring binge continues

“Equity derivatives traders have become the focus of an intense Wall Street hiring battleground, with more than 40 moves at the level of vice president or higher in equity derivatives in the US this year” writes Alex Morrell for businessinsider.com. Matthias Hangst/Getty Images Citigroup has hired a quant trading and derivatives exec from Credit Suisse, the latest in the rash of equity derivatives moves across Wall Street.Jeff Berton joins Citigroup as a quant and derivatives trading exec on its markets team. Source: businessinsider.com Share This:

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Michael Spencer’s Nex Group cashes in on volatility as CME deal edges closer

“Revenues at the electronic trading business rose 7pc for the three months to June, the company said” writes Lucy Burton for telegraph.co.uk. “We’ve seen a solid start to the year with episodic volatility driving volumes,” he told investors on Wednesday morning.Former Tory party treasurer Michael Spencer has said the £3.8bn sale of his business to the world’s largest exchange is “on track” following a strong start to the year.The landmark deal was agreed in March.Mr Spencer said that Nex Group, which rebranded from Icap in 2016 after the voice trading part of the business…

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Crypto News 

Bitcoin Price to Hit $50,000 by Year’s End,…

“BitMEX co-founder Arthur Hayes has come forward, stating that Bitcoin price will reach $50,000 by the end of 2018” reports livebitcoinnews.com. Do you think $50,000 by year end is a realistic Bitcoin price prediction?. Despite the serious volatility in the price of the leading cryptocurrency, in May, Hayes held that it would hit $50,000 by the end of 2018.Hayes has been quite outspoken about his bullish sentiment on the price of Bitcoin (BTC). Source: livebitcoinnews.com Share This:

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Brokers Markets News 

Market volatility sparked by trade war fears boost online broker Plus500

“Online broker Plus500 has raised its profit forecast for the second time in as many months, after a spike in trading prompted by growing market volatility and fears of a global trade war” writes Matthew Lynn for telegraph.co.uk. The upgrade follows a run of good news for the Israel-based company, which also upped its forecasts and graduated to London’s main stock market from the more junior Aim last month. Source: telegraph.co.uk Share This:

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Markets News 

The ‘New’ Market Volatility: How to Handle it

“To protect your retirement savings against stock market volatility, there are a number of traditional, fixed income products that can provide solutions” writes Thestreet Guest Contributor for thestreet.com. They include bond funds, ETFs, annuities, CDs and money market funds.The most often cited measure of volatility, the Cboe Volatility Index or VIX, has averaged 16.94 so far this year.After a relatively calm year in 2017, volatility in the stock market has returned in a big way.You can lower your stock market risk by allocating a greater portion of your portfolio into…

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