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...Gold funds accounted for the bulk of this, shipping $13.5bn, the second-worst tally ever, while broad commodity vehicles shed $3bn, an all-time high....
...A version of this article was first published by Nikkei Asia on May 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...“It’s an existential question,” says Simon Bergulf, regulatory director of shipping group Maersk, which ordered eight green methanol ships in August....
...The potential for a squeeze in corporate profitability is starting to loom larger for the investors and analysts who track USA Inc. It’s not hard to see why....
...Although data-is-the-new-oil is a cliché, “there’s an element of truth to it,” said Robert Iati, a director at Burton-Taylor International Consulting, a division of TP ICAP that tracks the industry....
...” ● In brief: UBS downgrades Euronext to “neutral”; Mediobanca raises Banca Generali to “outperform”; Beni Stabili upgrades to “buy” at Citigroup; Berenberg raises Mediaset to “buy”; TP ICAP upgrades to...
...But less than a month later, Mr Trump returned to the Twittersphere to attack Merck for shipping jobs overseas....
...Michael Spencer, chief executive of ICAP, calls the rules well intentioned but “overdesigned and overengineered . . . a repeal or review of Dodd-Frank would be a good thing for the market as a whole”....
...The full list of approved Sefs also includes venues operated by ICAP, BGC Partners, Tullett Prebon, exchanges CME Group and Intercontinental Exchange and data provider Bloomberg....
...Tech tools you can use – Microsoft HoloLens Microsoft’s $3,000 augmented reality headset began shipping to developers this week and USA Today got to try it out at the Build conference....
...That compared with more normal activity of 5.6 per cent in the cash market and 2.7 per cent in Treasury futures on 16 “control days” analysed by the report’s authors, using data from CME Group and ICAP’s...
...ICAP and other banks are still being investigated by the CFTC for their role in the alleged rigging of Isdafix....
...Orix USA, the US investment arm of the Japanese investment group, and employees sold shares in the offering....
...So the huge hangar of TNT’s European shipping centre looks out of place, as if it should be located at a large hub airport....
...More importantly, the merger will extract $60m of synergies by shipping more bananas in fewer boats....
...ICAP, which has large electronic franchises in Treasury and currency trading, is expected to be more able than many of its rivals to weather the competitive landscape, as the likes of Bloomberg, Tradeweb...
...“In our research, after adding shipping costs, duty fees, and the costs associated with either hiring an overseas team, or flying our San Francisco team members back and forth, the marginal cost saving per...
...In the past, both ICAP and ISDA have insisted the process used to calculate ISDAfix involves strict oversight and controls....
...Both ISDA and ICAP said they were co-operating with the CFTC....
...Since 2002, ICAP has collected the US dollar quotes and the rate is calculated by Thomson Reuters, which eliminates the four highest and the four lowest and derives the average of the remaining rates....
...GFI and its competitors, like ICAP, Tullett Prebon and BGC Partners, are planning to set up their own trading venues, which will be designated as “swap execution facilities” under incoming Dodd-Frank rules...
...Inter-broker dealers such as ICAP and Tullett Prebon and some of the world’s largest exchanges, such as CME Group, are expected to register as Sefs....
...Mr Davies’ lawyer and ICAP declined to comment....
...Inter-dealer brokers such as Icap, Tullett Prebon, BGC Partners, GFI Group and Tradition have also spent heavily to attract business on their own SEFs....
...The move by the CFTC could signal that it is flexible on the issue, which would be a huge relief to the industry, especially wholesale brokerages such as ICAP, Tullett Prebon and GFI Group, which trade large...
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