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Some of Wall Street’s largest trading companies have announced plans to bet territory on the crypto market, opening new fronts in the fight to win profitable businesses from institutional investors.
Jump Trading, GTS, Jane Street, one of the largest players on the US stock market, Strengthening trading of digital assets After years of secrets.
They are some of the most competitive trading companies that fight for any trade in the world’s stock, currency and futures markets. Institutional investors are attracted to providing high returns, and many want to bring that know-how to the crypto market.
It makes them compete with specialized crypto trading companies such as Genesis, B2C2 and Bequant. Mina Nguyen, head of institutional strategy at Jane Street, told the Financial Times:
“We see a significant increase in institutional interest and are actively sharing our expertise to support a more efficient crypto market.”
Thanks to all the readers who voted for yesterday’s vote vote.. Three-quarters of you disagreed with ArkInvest’s Cathie Wood that Bitcoin is worth $ 500,000 in five years. Have a great weekend.The rest of the news today is — Gordon
5 more stories in the news
1. The United States is trying to ease France’s anger US Secretary of State Antony Blinken said FranceImportant partnerIn an attempt to calm anger in Paris the day after the United States unveiled a new naval security agreement between Australia and Britain.
Other Chinese News: China made Bidding to participate A comprehensive and progressive agreement on the Trans-Pacific Partnership (formerly the Trans-Pacific Partnership). The trade agreement was originally designed by Washington to limit Beijing’s growing economic and political influence in the region.
2. Powell orders a review after the Federal Reserve Board moves off-road stocks
The Federal Reserve Board said yesterday it was considering Its ethical guidelines How senior officials can participate in financial markets after a conflict of interest question has been raised about the investment activities of the two regional presidents.
3. Unannounced ECB inflation forecast raises prospects for early rate hikes European Central Bank Elusive 2 percent inflation An unpublished internal model suggests that it has set a target by 2025 and is moving towards raising interest rates in just over two years.
4. World Bank survey reveals IMF chiefs pushing staff to raise China’s rankings IMF Managing Director Cristalina Georgieva, according to a World Bank survey Artificially raise China’s ranking In the Lender’s Influential Annual Doing Business Report.
5. “Roaring Kitty” Meme Stock Trading Fines Mass Mutual U.S. insurance companies $ 4 million fine Millions of day traders were urged to increase GameStop’s share because they couldn’t properly oversee Keith Gill, a former employee who published the video under an alias such as “Roaring Kitty.”
U.S. retail sales It bounced back in August as shoppers hoarded school supplies and home decor. Willingness to spend..
Italy To make Covid-19 a “green pass” Obligation For most public and private sector workers, despite opposition from within the domestic ruling party.
Tim Harford Have some advice How to tackle Covid’s hesitation..
Pfizer Booster Jab Weighing FDA Expert panel Will meet Provides US drug regulators with official recommendations on whether to allow the company’s booster jab application.
Manchester United Revenue British Premier League team announces annual earnings today And the financial outlook for the next year. Investors look for details on the blockbuster deal with Cristiano Ronaldo and how quickly the club can return to growth after a pandemic.
Energy and climate conference President Joe Biden in other countries Join The United States and the EU have pledged to reduce methane pollution by 30% over the next decade.
Defense negotiations Mark Rutte, the Prime Minister of the Netherlands, and Boris Johnson, the British counterpart, Meet in london today Discuss greater cooperation between the UK and the EU on defense and security issues.
Russian Duma election Three days of voting in parliamentary elections, voting will take place today across Russia.. Pro-Kremlin United Russia Party Hold that majority In the House of Representatives.
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Democratic double standard on wealth inequality Now is the longest and most ripe opportunity to correct late Roman inequality in the United States. Edward Ruth writes.. But the fact that Democrats are so timid speaks volume. Read more from Edward in the US Political Newsletter, Swamp note..sign up here..
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FirstFT: Wall Street trading groups boost crypto markets Source link FirstFT: Wall Street trading groups boost crypto markets