The edges position is mostly entered at the tip of a new high or new low, imagine if the price just reverse or there is no follow buying interest on the high for instances, that Long setup will likely hit stop losses. Reuters Group The Thomson Corporation. Contact Us View All.
Sunday, December 31, 2017
In April , ICE announced that it had entered into an agreement to acquire the Chicago Stock Exchange CHX , a full-service stock exchange, including trading, data and corporate listings services. The transaction is expected to close in the second quarter of , subject to regulatory approvals. Terms of the transaction were not disclosed, and the financial impact will not be material to ICE or impact capital return plans.
Established in , TMC Bonds is a fixed income marketplace, supporting anonymous trading in various asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit. The transaction is expected to close in the second half of , subject to customary regulatory and anti-trust approvals, and is not expected to materially impact financial results or capital returns.
Price and terms of the transaction were not disclosed and will not be material to ICE's earnings or have an impact on capital return plans. ICE provides exchange trading and clearing services in a number of different markets. Its main products include:. ICE originally formed its ICE Data subsidiary in , recognizing the rising demand for exchange data as markets became increasingly automated. ICE continues to invest in its data services to address evolving customer needs driven by regulatory reform, market fragmentation, passive investing and indexation, along with increased demand for data capacity and security, and independent valuations.
Their customers include global financial institutions, asset managers, commercial hedging firms, risk managers, corporate issuers and individual investors. In August Intercontinental Exchange announced that it planned to form a new company, Bakkt,  which is intended to leverage Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets.
The new company will work with a marquee group of organizations including Boston Consulting Group BCG , Microsoft , Starbucks , and others, to create an integrated platform that enables consumers and institutions to buy, sell, store and spend digital assets on a seamless global network.
The Bakkt ecosystem is expected to include federally regulated markets and warehousing along with merchant and consumer applications. Its first use cases will be for trading and conversion of Bitcoin versus fiat currencies , as Bitcoin is today the most liquid digital currency. As an initial component of the Bakkt offering, Intercontinental Exchange's U.
These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies. In addition, the clearing house plans to create a separate guarantee fund that will be funded by Bakkt. From Wikipedia, the free encyclopedia. This article reads like a press release or a news article or is largely based on routine coverage or sensationalism.
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Form K Intercontinental Exchange, Inc". Securities and Exchange Commission. Retrieved February 16, Growth of the IntercontinentalExchange". Retrieved 4 August Its growth from a small energy exchange since the early s has been influential in the evolution of the derivatives markets since then, paralleling the rise of commodities as a mainstream asset class, the consolidation of the exchange industry, the disappearance of the floor trader with the move to all-electronic trading platforms and the growth of swaps clearing.
Retrieved February 15, Testimony presented at a hearing of the U. Senate Committee on Commerce, Science, and Transportation. Retrieved 1 May Retrieved 15 March The Sultan of Swaps".
Retrieved 15 February Check date values in: Retrieved May 18, Retrieved 19 April Retrieved 16 May San Jose Mercury News. Competition and Markets Authority. Retrieved 18 October Retrieved February 19, Are Crypto Credit Cards Next?: Retrieved August 3, A smaller portion of the portfolio is set aside as collateral. The remaining cash is invested in short-term investment grade bonds.
Actually, tracking the index closely isn't a goal of the fund. The fund tries to add value by NOT slavishly tracking the index. For example, it tries to roll its futures on days other than those specified by the index. Further, it uses a "variable maturity" strategy on its futures exposure, aiming to target futures maturities which suggest higher future returns.
It invest the collateral in short-term investment-grade fixed income securities. For more information on ETFs, see here. This is a very new fund that will be quite illiquid until it gains substantial assets. Basically, this fund invests in futures derivatives designed to track the Bloomberg Commodities Index Excess Return. The remaining cash is invested in TIPS. This is intended to be a disincentive to use the fund for short-term trading. It invests the collateral in short-term bonds.
Basically, this fund invests in commodities futures in its attempt to track the Summerhaven Dynamic Commodity Index - Excess Return Index, a custom commodity index created by Summerhaven Indexing. It invest the collateral in short-term treasuries. The index this fund tracks tries to shift to commodities which exhibit traits of having low inventories, which, they believe, suggests good future returns on those futures. It invests enough in CERFs i. The remaining cash is presumedly invested in short-term bonds.
We like this fund both because it indexes the commodities portion of its investments and because it has a very low expense ratio. This index equal-weights each of 17 commodities. The fund invests in futures and treasuries as necessary to emulate the target index. As such, we judge that it has unacceptable credit risk, regardless of the financial soundness of the issuer i. To educate the public; and. To provide disclosure of Mr. Haas' opinions to prospective clients.
We believe that prospective clients are well-served by being made aware of what they are buying — and what they are buying is advice that is based on these opinions.