How to Successfully Pair Trade
Pair Trading was once called a holy grail of Wall Street. The trading strategy was kept under the wraps for so many years; and in the meantime, profited many small companies to turn into big empires, including Morgan Stanley. The popularity of Pair Trades strategy quickly gained traction among various hedge funds, insurance companies and large banking institutions. With the arrival of internet, the strategy became more accessible to people and is now widely implemented in stocks, indexes, futures, options, as well as forex trading. What is Pairs Trading? Pairs Trading is a less-risky, more....
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London-based Standard Chartered and Singapore-based bank DBS have partnered together to develop a distributed ledger for trade finance in Singapore after successfully testing the technology among each other. As reported by Bloomberg, the two banks are coming together to work and develop a distributed ledger in order to make transactions simpler and more transparent in trade finance. The publication adds that the two banks have tested the distributed ledger between themselves, successfully, and will invite other companies to collaborate with the now proof-of-concept system in 2016. The....
The Reserve Bank of India has successfully tested blockchain technology for trade application. The evaluation was carried out in partnership with MonetaGo, domestic banks and other financial institutions. The Indian central bank recently tested Bitcoin’s underlying blockchain technology. The Reserve Bank of India’s research arm is said to be involved in its first ever end-to-end test of the technology along with other stakeholders of the country’s financial system. Institute for Development and Research in Banking Technology (IDRBT), the Reserve Bank’s research arm has worked closely with....
ICAP, a leading markets operator and provider of post trade risk mitigation and information services with more than $1.6 billion in revenue, announced that its Post Trade Risk and Information (“PTRI”) division has successfully carried out a proof-of-technology pilot test using blockchain technology. The ICAP PTRI division plans to use its newly developed proof-of-technology protocol to handle post-trade processing, a process in which the buyer and the seller compare trade details, alter ownership records, transfer securities and cash and approve transactions. The foundation and....
Today's article features a Bitcoin trading advisory published at xbt.social. The currency pair you trade (BTC/USD, BTC/CNY, etc) does not need to be a habit or a consequence of nationality, but a decision you review at least once a year. Bitcoin makes it easy to change your instruments and broker/exchange. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h00 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier....
A big bank trade finance trial has borne fruit. Barclays reported today that two partners (agriculture co-operative Ornua and food product distributor Seychelles Trading Company) were able to successfully transfer trade documentation via a blockchain platform created by its accelerator program graduate, Wave. The Israel-based startup graduated from the TechStars FinTech accelerator last fall, at the time indicating it was using custom technology on top of a blockchain to facilitate the transfer of trade documents. In statements, Barclays head of trade and working capital Baihas Baghdadi....