Brokers News 

Japanese Brokers See Large Uptick in Deposits in December

“In terms of deposits, Japanese retail traders, across all 53 brokerages, deposited 184.34 billion yen ($1.69 billion) in December” writes David Kimberley for financemagnates.com. For brokers, that meant December was, with the exception of January, February and August, their best month for deposits in 2018.The Financial Futures Association of Japan (FFAJ) released a set of statistics this Friday detailing the state of the retail trading industry in the East Asian country.According to the investor protection and research agency, at the end of December 2018, there were 53 companies in Japan…

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News Stocks 

Transports see best January in six years, but traders hedge for the worst

“A drop of at least 30 percent in the railroad stocks would take the S&P industry down to levels not seen since the beginning of 2017” writes unknown author for cnbc.com. The IYT transportation ETF is tracking for its best January since 2013 with stocks like Avis Budget, Union Pacific and JetBlue moving higher.However, options traders are hedging for the worst. Source: cnbc.com

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Markets News 

BaFin Document Reveals Retail Traders’ Lack of Knowledge

“Having outlined the structure of those instruments, BaFin then went on to discuss how exchanges and market makers operate with regard to pricing” writes David Kimberley for financemagnates.com. Well, because it shows that many traders in the retail world completely lack very basic knowledge about the nature of financial markets and trading.Before going into that explanation, BaFin first discussed a couple of the financial instruments that are popular amongst retail investors in Germany. Source: financemagnates.com

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News 

SEC’s case against Edgar hackers highlights regulator’s own cyber weaknesses

“Some issuers had included nonpublic information in these optional test filings, such as actual quarterly earnings results not yet released to the public, the SEC said” writes Francine Mckenna for marketwatch.com. The defendants allegedly used the information stolen from the SEC to make more than $4.1 million in trading profits. Source: marketwatch.com

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Crypto News Platforms 

Belarus allows traders to buy shares with bitcoin

“MINSK (Reuters) – Belarus launched a platform on Tuesday allowing traders to buy shares, gold, foreign exchange and other traditional assets with cryptocurrencies, which it says is the world’s first regulated tokenized securities exchange” writes Midwest Communications Inc for 95kqds.com. The platform allows traders to buy tokens using cryptocurrencies through a website or app.The tokens track the value of assets such as shares both in Belarus and abroad. Source: 95kqds.com

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News 

Sterling overnight implied volatility hits 18-month high ahead of Brexit deal vote later today

“Option traders are expecting a big swing in the pound later today and it’s showing in terms of the volatility pricing already” reports forexlive.com. The overnight implied volatility in cable has jumped up to ~26% now and it is suggesting around a 1% move in the pound on either side today, according to analysts at Commonwealth Bank. Cable holds steady near unchanged levels on the day now at 1.2865 but this is very much the calm before the storm. Source: forexlive.com

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Crypto News Platforms 

TradAir Partners With NEXUS for Cryptocurrency Liquidity

“Less than two months after launching, cryptocurrency liquidity provider NEXUS is already attracting partners” writes David Kimberley for financemagnates.com. Currently, TradAir operates an HTML5-based cryptocurrency trading platform for institutional clients.The technology provider is connected to a large network of liquidity sources, including over-the-counter desks, cryptocurrency exchanges, market makers and custodians. Solutions such as NEXUS are a step towards resolving some of those problems but it will still be some time before we have a truly institutional-grade set of cryptocurrency trading solutions.Users of TradAir’s platform, or any of its other integrations,…

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News 

Dow opens with 300-point gain after solid jobs report diminishes growth concerns

“The U.S. created 312,000 jobs in December, well above the 182,000 expected from economists polled by MarketWatch” writes Sunny Oh for marketwatch.com. Stocks opened higher Friday after a stronger-than-expected jobs report highlighted the labor market’s resilience even as it heightened the risk of a more aggressive Federal Reserve in 2019. Source: marketwatch.com

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