Monday, 1 August 2016

MT5 brokers now can connect to NYSE, NASDAQ, LSE via Interactive Brokers Gateway

MetaQuotes announced today a partnership with oneZero for the purpose of launching new connectivity gateway for MT5 integration with Interactive Brokers Group, Inc. (NYSE:IBKR). The solution will enable access to stocks, futures and other exchange traded instruments on the largest global exchanges, which are included in the leading U.S. broker’s products portfolio.

The new gateway, made available through the oneZero Hub product, will in fact enable MT5 brokers to gain access to 15 out of 20 Biggest Exchanges, including the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), the Hong Kong Exchange (HKEX), the Tokyo Stock Exchange (TSE), the National Association of Securities Dealers Automated Quotations (NASDAQ) and others.

Read The Full Article

The London trader who lost the Swiss bank UBS £1.4bn ($1.9bn) has apologised and said that banking has not done enough to regain the public's trust.

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Thursday, 28 July 2016

Will UK Banks Charge Savers Soon?

Roy Scott | Getty Images

The idea of savers being charged to keep their money in the bank might seem extraordinary even in an era of unprecedented monetary policy measures - and has never happened before in the UK.

Now one of the country's biggest banks, NatWest, part of RBS, has warned its business customers that it may have to charge for deposits. The announcement comes ahead of a meeting by the Bank of England next week which is widely expected to set a further historically low interest rate.

Read the Full Artilce

Friday, 15 July 2016

The Huge Donation Of Warren Buffet To Gates Foundation

Warren Buffett donated about $US2.2 billion ($2.9 billion) of stock in his annual gift to the Bill & Melinda Gates Foundation, betting that risk takers at the group will make breakthroughs in global health and US education even as they acknowledge that some efforts will be unsuccessful.

What Bill Gates' Goals are for the Gates Foundation.

"Some of the projects we fund will fail," the Gateses wrote in a message on their website. "We not only accept that, we expect it -- because we think an essential role of philanthropy is to make bets on promising solutions that governments and businesses can't afford to make. As we learn which bets pay off, we have to adjust our strategies and share the results so everyone can benefit."

warren buffet donating to bill gate's charity
Warren Buffett: "If you succeed in everything you're doing in charity,
you're attempting things that are too easy"

[Full Article]

Thursday, 14 July 2016

Why Equity Rally Continues Despite Shakey Economic Fundamentals

Investors have been bailing out of equity funds at a rapid clip. So how come stocks keep rising?

One Citigroup analyst may have the answer: It appears that, as regular investors flee, central banks have stepped into the breach.

Asset purchases by central banks have risen to their highest levels since 2013, suggesting that the rallies in equity and credit markets—which some say already appear stretched—could continue picking up steam, according to Matt King, a credit analyst at Citigroup.

He illustrates his points in the charts below:

Central-bank buying is closely correlated with equity gains:

[Full Article]

Monday, 11 July 2016

Brexit to have limited credit impact on Asia Pacific sovereigns

Moody Says "Brexit will have little credit impact on Asia Pacific Countries

Moody's Investors Service says that the United Kingdom's (UK, Aa1 negative) vote to leave the European Union (EU, Aaa stable) will not have a significant credit impact on Asia Pacific sovereigns, but dependence on external finance poses a vulnerability for some countries. [Full Article]

Sunday, 10 July 2016

Why Bitcoin's Prices Could Even Go Higher

USD/BTC 2-Year Chart

Here's why Joseph Adinolfi from Marketwatch thinks the prices of Bitcoins could appreciate further:

- A quadrennial event called “the halving” has sharply reduced the number of new coins being created.

Currency traders are seemingly obsessed with trying to predict the Federal Reserve’s next move, meticulously analyzing every word of every official communique for clues about the future path of monetary policy.

There’s nothing like that in the world of bitcoin. Instead, the rate at which the bitcoin supply increases is preordained by a few lines of code. [Full Article]

Thursday, 7 July 2016

Barclays Was Fined 560k For Inaccurate Swaps Position Reports

Barclays Plc, was Fined Loads of Money and rightly so!

(Reuters) - The U.S. Commodity Futures Trading Commission ordered Barclays Plc to pay $560,000 (£433,433) on Wednesday, saying the bank failed to submit accurate reports on large traders' positions for physical commodities swaps.

The CFTC found that between July 2012 and March 2013, Barclays submitted reports with incorrect position information for certain transactions, it said in a statement. The bank did the same in 2014 for positions related to crude oil, natural gas, gasoline, heating oil and agricultural products, the CFTC said.

The CFTC regulates futures and options markets in the United States.

What The Heck Is The Cause Of G-Bonds Record Low Yields?

image: usa government bonds

Bill Gross has a fairly simple explanation for Benchmark Government-Bond Yields falling to record lows: weak bank lending.

The fixed-income expert, who manages an unconstrained bond fund for Janus Global Capital, made the case on Wednesday in a monthly market report that a lack of lending by the world’s big banks is hemming in credit and hobbling economic growth here and abroad.

Gross says highly levered economies are dependent on credit for its “stability and longevity.” He said banks and, specifically the credit they provide, are the financial lubricant that keeps the system chugging. [Full Article]

If You Can't Be a Good Trader Become a Wise Broker Like Chuck!

image: Charles Schwab, looks on prior to the first round of the Pebble Beach National Pro-Am golf tournament at the Monterey Peninsula Country Club course
Charles Schwab, Founder and Chairman of the Charles Schwab Brokerage - Photo: Reuters.

Earlier on, Chris Taylor from Reuters had a friendly interview with Charles Schwab, the founder and Chairman of Schwab discount Brokerage - His full report has been published below:

In the financial world, most leaders are not instantly recognizable by their first names.Then there is "Chuck," as in Charles Schwab.

Schwab, the 78-year-old founder of his eponymous company, Charles Schwab Corp (SCHW.N), basically created a new business category, discount brokerage services for millions of Americans.

Now a billionaire many times over - Forbes put his net worth at $6.4 billion as of June 8 - Schwab has stepped away from his chief executive duties but remains chairman and the largest shareholder at Schwab. For the latest installment in Reuters' Life Lessons series, Schwab sat down to talk about what he has learned from a lifetime of business success.

Q: As you became a success, what strategies did you put in place for handling your own wealth?

A: Coming from a modest economic upbringing, I learned early about how limiting and uninteresting self-satisfaction was as a goal in terms of using wealth - and how important modesty and philanthropy are.

Q: Did you have any money role models who handled their life and business wisely, who you looked up to? [Full Article]


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