Markets

Authorities are being pressured to close markets amid coronavirus chaos. Here are the 6 times the New York Stock Exchange has closed for an extended period.

The coronavirus pandemic has roiled markets and slowed economic growth in the US and abroad. Calls to close markets have grown amid increased volatility. Still, authorities including Treasury Secretary Steven Mnuchin have said markets will remain open, though shorter hours are being explored. Some markets including Cboe, CME, and NYSE […]
Authorities are being pressured to close markets amid coronavirus chaos. Here are the 6 times the New York Stock Exchange has closed for an extended period.
Markets

‘The article should have been written in crayon’: Exchange boss hits out at Vanity Fair article claiming traders made billions off stock bets timed to Trump comments

Last week Vanity Fair published an article claiming that mysterious traders made roughly $US3.5 billion off stock bets timed to Trump’s trade war comments. It essentially implied that certain traders were frontrunning twists and turns in the trade war, placing wagers of hundreds of thousands of “e-mini” contracts. The article […]
‘The article should have been written in crayon’: Exchange boss hits out at Vanity Fair article claiming traders made billions off stock bets timed to Trump comments
Markets

Bitcoin futures could be hurting bitcoin’s price

The Fundstrat cofounder Tom Lee says bitcoin futures contracts could be linked to the cryptocurrency’s “gut-wrenching” decline. Futures were launched in December, and since then bitcoin has fallen to $US6,500 from $US20,000. CBOE responds saying “recent regulatory scrutiny” and declining media interest among more likely reasons for the price drop. […]
Bitcoin futures could be hurting bitcoin’s price
News

There’s an argument brewing over the launch of bitcoin futures

CME Group and CBOE set to launch bitcoin futures later this month. Futures Industry Association (FIA) complains that there hasn’t been proper industry consultation on the launch. Clearinghouses that will guarantee futures are worried they will carry all of the risks, FIA says. Bitcoin’s price regularly moves 10% in a […]
There’s an argument brewing over the launch of bitcoin futures