Crypto News 

The last time traders were this bullish on Ether it suffered a 40% tumble

“Since the beginning of the year, Ether has climbed 38%, outperforming the best-known cryptocurrency, bitcoin, BTCUSD, +1.25% which has gained 14%” writes Aaron Hankin for marketwatch.com. With a single Ether ETHUSD, +2.75%  fetching around $146, a 40% decline would see the coin trade below $90 and a decline of 16.8% — the average 10-day fall when positioning reaches these extremes — would see the price fall to around $121. Source: marketwatch.com

Read More
News 

$5 billion hedge fund LMR Partners poached Bank of America Merrill Lynch’s top equity derivatives boss in the US

“Bank of America Merrill Lynch’s top equity derivatives boss in the Americas is leaving after less than two years, and he’s headed for the hedge fund LMR Partners” writes Alex Morrell for businessinsider.com. A private-equity fund run by Goldman Sachs Asset Management bought a minority stake in the hedge fund last year, according to Reuters.After an eight-year run with Barclays, William “Bill” Hillegass joined BAML in 2017, heading up equity client solutions and running equity derivatives out of New York. Source: businessinsider.com

Read More
Markets News 

Despite the market comeback this year, traders worry an earnings decline will kill the bull market

“We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over” writes unknown author for cnbc.com. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared from the previous year. After earnings growth north of 20 percent in 2018, what’s behind the slowdown?. As earnings recessions go, this one so far is pretty modest: It looks more like flat earnings growth…

Read More
Crypto Markets News Stocks 

Two-Thirds of Millennial Traders Trust Crypto Over Stock Market

“Social trading platform eToro published the results of a study earlier this week revealing that nearly half of all online millennial traders residing in the United States have more trust in cryptocurrency exchanges than in stock market exchanges” writes Rachel Mcintosh for financemagnates.com. And indeed, the number of investors of all ages who have put their money into cryptocurrency has continued to grow.More specifically, the results of the study showed that “two-thirds of Millennial crypto traders say they have more faith in crypto than the stock market,” and that “even…

Read More
Crypto Markets News Stocks 

Could Bitcoin Price Be Boosted by a Change in Sentiment?

“My Bitcoin News reported earlier this week that Bitcoin price hit $4,000 but more importantly, it saw its highest volume day in 10 months” reports mybitcoinnews.co. A new survey suggests that almost half of millennial online traders have more trust in cryptocurrency exchanges compared to the US stock market.Bitcoin’s Dominance – the indicator measuring Bitcoin’s share in the total cryptocurrency market capitalization is sitting at 52 percent.What do you think of the current cryptocurrency market condition?.  Source: mybitcoinnews.co

Read More
Crypto Markets News Stocks 

Survey: Half of Millennial Investors Trust Crypto Exchanges More Than Stock Exchanges

“Nearly half of millennial traders have more trust in digital currency exchanges than in United States (U.S.) stock market exchanges” writes Ana Alexandre for cointelegraph.com. Almost 40 percent of respondents cited peer influence as a main reason for investing in crypto, and over 35 percent have reportedly been lured into the crypto market by the “Fear of Missing Out.”. Research published last November revealed that cryptocurrency investing is most popular among millennials earning from $75,000 to $99,999 annually.The research was conducted by market research and strategy firm Provoke Insights on…

Read More
News 

Large asset managers are thinking about farming off some of their trading desks, and it could be a gold mine for custodian banks and prime brokers

“The external trading groups are often part of investment banks, prime brokers, asset managers, and custodian banks, which typically charge a fee of five basis points per trade” writes Meghan Morris for businessinsider.com. Marenzi has also spoken with a number of large Japanese managers that are considering other companies for their US equities trading.That trader can handle about $1.5 billion worth of annual equities trading, so for strategies with smaller volume, it may make more sense for another company to handle these trades.The asset management industry has faced a tough…

Read More
News 

Kashmir attack: Kashmiri students, traders face backlash from Hindu extremists

“So far, attacks on Kashmiri students have been reported from Dehradun, Jodhpur, Ambala, Panchkula, Delhi, and Patna among others” reports tehrantimes.com. TEHRAN _In the aftermath of the deadly attack in Indian-controlled Kashmir last week, Kashmir Muslims working and studying in different Indian cities are facing a backlash from Hindu extremists.Mirwaiz said that not only students but Kashmiri businessmen and traders staying in various places in India were also targeted and harassed, forcing many to flee. Source: tehrantimes.com

Read More
News 

Protect Innocent Kashmiris, Says Minorities Commission

“Pacific Press via Getty Images Children paint 100 ft canvas to pay tribute to the martyred 49 CRPF soldiers who lost their lives on militant attack at Pulwama district of Jammu and Kashmir” writes Akshay Deshmane for huffingtonpost.com. These attacks provoked wide ranging concerns about the safety of residents of Kashmir-origin, especially Muslims, and prompted the CRPF to advertise toll free helpline numbers for assistance in distress.NEW DELHI —The National Commission for Minorities is concerned about the attacks on students and traders from Kashmir residing outside the valley, especially about…

Read More