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12/14/2018

Bitcoin has slipped closer to $3,000, trading at $3,256 this morning after falling 5.4% Thursday. Traders say volatility means the cryptocurrency is unlikely to find support in the market, while venture capital outfits reportedly also are pulling out.

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12/14/2018

Shares of exchanges are benefiting from rising volatility and increased trading activity, with CME Group up more than 30% in 2018.

12/14/2018

Banks in Asia lack the data they need to test their initial margin models to meet the calculation requirements of upcoming initial margin rules.

12/14/2018

Cinnober CEO Peter Lenardos says Nasdaq may not reach the needed quorum from Cinnober shareholders for Nasdaq's planned acquisition. "The 90% acceptance condition looks unlikely to be met, but [Nasdaq] can waive that condition as well should they wish to," Lenardos says.

12/14/2018

Firms including PIMCO are boosting their defense against a liquidity crunch by turning to credit default swaps. CDS trading has jumped 43% in the US and 22% in Europe this year.

12/14/2018

Hong Kong Exchanges and Clearing named former Citi Hong Kong securities-services head Cindy Chen to lead post-trade business development and clearing, a team that was established this year to develop post-trade services in fixed income, equities and currencies. Chen will also supervise the exchange's distributed-ledger technology project, which is developing a blockchain-based post-trade allocation and processing platform.

12/14/2018

Indigo Agriculture, one of the top startups in the emerging field of agricultural technology, has bought TellusLabs, which uses satellite imaging and artificial intelligence to predict crop yields. TellusLabs was the winner of the FIA 2017 Innovators Pavilion competition.

12/14/2018

Investors are exiting raw material commodities because of slowing growth, trade tensions and a strong US dollar, analysts say. The Bloomberg Commodity Index has dropped more than 6% this year, and EPFR Global data show investors have withdrawn more than $11 billion from commodity funds during the past six months.

12/14/2018

The Senate banking committee will include Sen.-elect Kyrsten Sinema, D-Ariz., and Sen. Tina Smith, D-Minn., when Congress reconvenes in January. They will take the seats of Sens. Joe Donnelly, D-Ind., and Heidi Heitkamp, D-N.D., who were unseated in their re-election bids.

12/14/2018

Carmichael Roberts, founder and managing partner at Material Impact, shares his thoughts about the LP Office Hours event in Boston. "With the pretense of selling yourself/being sold to off the table, it was fun to watch both LPs and GPs truly relax and 'get real.' " he says.

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