Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts

2019-06-25

Challenges Facing 'Flash Boys' IEX CEO Brad Katsuyama (video)

Challenges Facing 'Flash Boys' IEX CEO Brad Katsuyama

FT.com's Richard Henderson interview of the founder of the rival IEX exchange on why it has failed to capture much more than 3 per cent of the US equity trading market. Michael Lewis’s book 'Flash Boys' depicted Mr Katsuyama as a crusader against a market that had become 'rigged' to benefit high-speed traders. Financial Times (ft.com) video above published Jun 10, 2019.

IEX Stock Exchange is a stock exchange based in the United States. It was founded in 2012 and launched as a national securities exchange in September 2016. On October 24, 2017, IEX received regulatory approval from the SEC to list companies. IEX listed its first public company, Interactive Brokers, on October 5, 2018.
  • Domain: iextrading.com
  • Founded: 2012
  • Owner: IEX Group, Inc.
  • Key people: Brad Katsuyama (CEO); Ronan Ryan (President)


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , ,

2018-12-04

Who's The Fairest of Them All: Amazon, Apple, or Microsoft?

Who's The Fairest of Them All? Amazon $AMZN, Apple $AAPL, or Microsoft $MSFT?
$AMZN Dec 3, 2018
$AAPL Dec 3, 2018
$MSFT Dec 3, 2018
Amazon.com, Inc., became the most valuable company (valued by market capitalization) on Wall Street during Monday's (Dec 3) intraday trading, only days after Microsoft Corporation had surpassed long-time leader Apple Inc. However, at the close of trading on Monday, Apple had regained the crown. Click on the graphics or links above for the most recent pricing of shares.

Editor's note: as of midday on Tuesday, Dec 4, 2018, all three companies' shares had declined along with the major stock indexes. Increased volatility, due in part to interest rates, as well as other macroeconomic issues, has impacted market conditions. 

source: statista.com
When you think of Amazon, think "ecommerce" and "cloud" (AWS):
source: statista.com
source: statista.com
Likewise "cloud" (Azure) with Microsoft also:
source: statista.com
Apple (iPhones) may have a growth problem:
source: statista.com

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , , , , ,

2018-09-11

September Investing & Trading Strategies (video)

Morning Jolt from TheStreet.com:

Investing Strategies: TheStreet.com's "Morning Jolt" video above published Monday morning Sep 10, 2018, discusses Alibaba $BABA, Apple $AAPL, and other issues.

 Note: Monday, Sep 10, 2018 4:04 p.m. EDT--S&P 500, NASDAQ break 4-day losing streak as tech shares rebound | marketwatch.com.

NASDAQ Composite
So far in 2018, the S&P 500 has gained +7.6%, the Dow is up about +5%, while tech-centric NASDAQ is now up nearly +15% in the first nine months of the year.

September Trading Strategies

Trading Strategies: September historically has been a rough time for the markets with the S&P500 clocking a 0.5% average decline during the month since 1950, according to data from LPL Research. But will stocks buck the trend this year and continue to reach new heights as they did in August? Stocks traditionally post declines in August as well, but this year, the S&P 500 clocked a 3% gain during the month.

On September 25-26, a closely watched Federal Reserve meeting is expected to issue another interest rate hike announcement. Investors will also be watching trade negotiations between Canada, China and the EU.

TheStreet.com video above was streamed live Sep 6, 2018, and features:
•Kristina Hooper, chief global investment strategist, Invesco
•Alicia Levine, head of investment strategy, BNY Mellon
•Ann Miletti, senior portfolio manager, Wells Fargo Asset Management
•Brian Levitt, senior investment strategist, OppenheimerFunds


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , , , ,

2018-09-10

Warren Buffett On The 2008 Financial Crisis (video) & Investing

Warren Buffett Explains the 2008 Financial Crisis

A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time. Wall Street Journal (wsj.com) video above published Sep 6, 2018.

Why Warren Buffett Said No to Lehman and AIG in 2008

Warren Buffett’s Berkshire Hathaway is famous on Wall Street for having the cash to make deals happen, even during a crisis. But in 2008, he turned down both Lehman Brothers and AIG when they asked for help. In an interview with WSJ, he explained why. Wall Street Journal (wsj.com) video above published Sep 7, 2018.

Warren Buffett's famous advice to investors and his wife's trustee:
"Most investors, of course, have not made the study of business prospects a priority in their lives. If wise, they will conclude that they do not know enough about specific businesses to predict their future earning power. I have good news for these non-professionals: The typical investor doesn’t need this skill. In aggregate, American business has done wonderfully over time and will continue to do so (though, most assuredly, in unpredictable fits and starts). In the 20th Century, the Dow Jones Industrials index advanced from 66 to 11,497, paying a rising stream of dividends to boot. The 21st Century will witness further gains, almost certain to be substantial. The goal of the non-professional should not be to pick winners – neither he nor his “helpers” can do that – but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal.
"That’s the “what” of investing for the non-professional. The “when” is also important. The main danger is that the timid or beginning investor will enter the market at a time of extreme exuberance and then become disillusioned when paper losses occur. (Remember the late Barton Biggs’ observation: “A bull market is like sex. It feels best just before it ends.”) The antidote to that kind of mistiming is for an investor to accumulate shares over a long period and never to sell when the news is bad and stocks are well off their highs. Following those rules, the “know-nothing” investor who both diversifies and keeps his costs minimal is virtually certain to get satisfactory results. Indeed, the unsophisticated investor who is realistic about his shortcomings is likely to obtain better longterm results than the knowledgeable professional who is blind to even a single weakness.
"If “investors” frenetically bought and sold farmland to each other, neither the yields nor prices of their crops would be increased. The only consequence of such behavior would be decreases in the overall earnings realized by the farm-owning population because of the substantial costs it would incur as it sought advice and switched properties. Nevertheless, both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions. The resulting frictional costs can be huge and, for investors in aggregate, devoid of benefit. So ignore the chatter, keep your costs minimal, and invest in stocks as you would in a farm.
"My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. (I have to use cash for individual bequests, because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s [VFIAX or VFINX].) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers."--Warren Buffett, February 28, 2014 (pdf) (emphasis and  links added)
The S&P 500 Index is a major and widely-followed stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ, and meeting other requirements. The S&P 500 is a capitalization-weighted index, associated with many ticker symbols, such as: .INX and $SPX, depending on the market or website.
S&P 500

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , ,

2017-12-11

Bitcoin Futures $XBT Start Trading Sunday, 6pm ET, on Cboe's CFE (video)

All About Bitcoin Trades

$XBT Debut--bitcoin futures begin trading, Sunday, December 10, 2017, 5pm CT (6pm ET) in Chicago on the Cboe Futures Exchange (CFE)--Cboe Global Markets (cboe.com) video above published Dec 8, 2017. See also: Cboe Launches Bitcoin Futures Trading in Chicago On Sunday (video) | DomainMondo.com.

After bitcoin’s wild week, traders brace for futures launch on Sunday--reuters.com--interactive graphic on bitcoin's blistering ascent click here.

UPDATE Dec 11, 2017, via @nntaleb:
Bitcoin Futures Are On The Way: Here's What To Expect | CNBC.com

CNBC.com video above published Dec 8, 2017: CNBC's Bob Pisani explains what bitcoin futures market means for trading, regulation, liquidity, price and volatility.

Cboe Futures Exchange (CFE®) (domain: cfe.cboe.com) is the "home of volatility futures, featuring futures on the Cboe® Volatility Index (VIX®). CFE is owned by Cboe Global Markets and trades on CFE are cleared by The Options Clearing Corporation (OCC). CFE is an all-electronic, open access market model with dedicated market makers and market participants providing liquidity." See also XBT-Planned Cboe Bitcoin Futures | cfe.cboe.com and Bitcoin | Cboe Blogs | Cboe.com.

XBT-Planned Cboe Bitcoin Futures | cfe.cboe.com: "Why Trade XBT Futures - Settle to a Single Auction Price - XBT futures is a cash-settled contract that settles to a single, tradeable auction price. In designing XBT futures, Cboe leveraged its significant product development expertise to design an instrument that allows participants to implement trading strategies in a manner to which they are accustomed. The single price settlement process gives participants the option of using XBT futures to hedge their exposure in underlying bitcoin or gain exposure to traded bitcoin prices without holding bitcoin. How Can I Trade XBT Futures on Cboe Futures Exchange? Bitcoin futures based on the Gemini auction prices will be traded exclusively at Cboe Futures Exchange. Contact your brokerage firm to find out how to trade XBT futures at Cboe Futures Exchange."

See also:
"Those who plan to use bitcoin futures to speculate on the digital currency should risk only what they'd be comfortable taking to Las Vegas. Most importantly, avoid taking positions so large that the value of your bitcoin futures exceeds the value of your brokerage account equity. Leveraged future trades are one of the very few ways you can lose all of your account balance, and more, if markets move against you."--Cboe Bitcoin Futures: 5 Things You Should Know About XBT | fool.com

"The futures market for gold is almost 10x the size (measuring the underlying asset of the contracts) of the physical gold market ... [like gold futures] both the CME and the CBOE bitcoin futures settle in cash, not in actual bitcoin ... So, it’s likely that the bitcoin futures market will end up being even larger than the actual bitcoin market .... I’m concerned that institutional investors that would have purchased bitcoin for its potential gains will now just head to the futures market. Cleaner, cheaper, safer and more regulated. What worries me even more is the possibility that the institutional funds that have already bought bitcoin (and pushed the price up to current levels) will decide that the official futures market is safer. And they will sell ..."--The Threat of Bitcoin Futures | CoinDesk.com.

@CBOE


$XBT


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , ,

2017-12-08

Cboe Launches Bitcoin Futures Trading in Chicago On Sunday (video)

Cboe CEO Edward Tilly On Launch Of Bitcoin Futures Trading

CNBC.com video above published Dec 5, 2017: CNBC's Bob Pisani discusses with Edward Tilly, Cboe CEO, the first bitcoin futures market opening at the Cboe.

Trading will begin at 5pm CST in Chicago (11pm GMT) on Sunday, December 10, with Monday representing the first full trading day. Cboe said trading will be free through December — a move likely aimed at drumming up interest ahead of the launch of bitcoin futures on December 18 by rival CME Group.

UPDATE Dec 10: Bitcoin Futures $XBT Start Trading Sunday, 6pm ET, on Cboe's CFE (video).

On Friday, December 1, Cboe announced that CFE had filed a product certification with the Commodity Futures Trading Commission (CFTC) to offer bitcoin futures trading. More information on XBT futures is available at www.cboe.com/xbt. Over the last five years, the total value of all bitcoin outstanding (i.e., “market capitalization”) has grown from less than $1 billion to over $183 billion with daily notional turnover over $10 billion. The total value of all cryptocurrency tokens outstanding is now approximately $332 billion.

A Look at Cboe Bitcoin (USD) Contract Specs | cboe.com: "... Trading hours run from Sunday night at 5:00 pm to Friday afternoon at 3:15 pm.  Specifically, the extended trading hours (ETH) session starts Sunday at 5:00 pm and ends Monday at 8:30 am with the ETH sessions for the rest of the week (Tuesday – Friday) consisting of opening at 3:30 pm the day before and ending at 8:30 am.  Regular trading hours are Monday – Friday from 8:30 am to 3:15 pm, just like the VIX futures.  All these time periods are Chicago time ..." (read more at link above)

Cboe Global Markets Inc. (NASDAQ: CBOE) (domain: cboe.com) trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading. The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador. More info: Cboe | Cboe Options Exchange | cboe.com and the Cboe press release (pdf).

Tyler Winklevoss, Chief Executive Officer of Gemini, said: “Developing a regulated derivatives market is the next logical and crucial step towards advancing the broader digital asset market. We have been working for years to build infrastructure to grow the digital asset market and today’s news marks a significant milestone.” Gemini – The Next Generation Digital Asset Exchange | gemini.com.
Coinbase VP Says Bitcoin Volatility Will Be Short-Lived

Bloomberg.com video above published Nov 28, 2017: Adam White, Coinbase Inc. vice president, discusses the surge in bitcoin with Bloomberg's Emily Chang on "Bloomberg Technology."

Caveat Emptor: According To Alan Greenspan, Bitcoin Is 'Not A Rational Currency' | CNBC.com | YouTube.com: "Former Federal Reserve Chairman Alan Greenspan compares bitcoin to gambling in Las Vegas."  See also: Bitcoin to start futures trading, stoking Wild West worries | reuters.com.

How Citron's Andrew Left Is Playing Bitcoin

Bloomberg.com video above published Dec 5, 2017: Andrew Left, Citron Research (domain: citronresearch.com) founder, discusses the outlook for bitcoin with Bloomberg’s Julia Chatterley on "Bloomberg Markets."

Final caveat: Open letter to CFTC Chairman Giancarlo re: listing of cryptocurrency derivatives (embed below):

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , ,

2017-06-23

Ex-Goldman Sachs Tech Exec Paul Walker Joins OpenFin Board

OpenFin: A Secure HTML5 Container for finance

Video above published Dec 8, 2015: OpenFin is the Leading Provider of HTML5 Container Technology for the Global Financial Industry. Built on Google Chromium and tailored for financial firms, OpenFin is a powerful HTML5 engine that enables seamless desktop deployment, native experience and application interoperability. The world’s largest financial institutions and trading platforms use OpenFin’s patented technology to deploy applications both in-house and to over 250 buy-side and 40 sell-side customers.

OpenFin-- "A Common Operating Layer for Financial Desktop Apps"--OpenFin software allows banks and hedge funds to create and upgrade trading applications quickly. OpenFin is used by 40 of the world's largest banks and trading platforms, currently powering applications on 125,000 desktops. The company has raised $22 million in capital, including a $15 million venture capital second round in February, led JPMorgan, Bain Capital Ventures and Euclid Opportunities. See also Ex-Goldman Sachs tech executive Walker joins OpenFin board | Reuters.com: "What got me excited about OpenFin is how they're making technology work across our industry to increase security and speed."--Paul Walker

Domain: OpenFin.co

@openfintech


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , ,
Subscribe to: Posts (Atom)

Domain Mondo archive