News
Gold dips as dollar becomes preferred safe-haven
“If you have a sharp decline in equities, you’d expect gold to come down with it...meaning that quite often people who are looking at the possibility of margin calls raise cash by selling their gold holdings,” said StoneX analyst Rhona O’Connell. Read more
Sterling Trading Tech processed record 8.2 per cent of all traded US stock volume in December
Sterling Trading Tech (STT), a specialist in trading platforms, compliance, risk and infrastructure solutions for equity, options and futures trading, processed record stock volume in December 2020. Read more
Gold prices rise as investors brace for U.S. Election Day outcome
“The underlying sentiment remains positive, and the election result, when we get it, is likely to be gold-friendly with a likely weakening dollar, fresh stimulus, rates in negative territory and a likelihood that the [Federal Reserve] will start buying longer-term...
Sterling Trading Tech integrates with Linear Investments
Sterling Trading Tech (STT), a specialist in compliance, risk and infrastructure solutions for equity, options and futures trading, has completed its integration with Linear Investments, a global trading firm and full-service prime broker with offices in London,...
These Are the Charts That Scare Wall Street
Vincent Deluard, director of global macro strategy at StoneX Group Inc. U.S. pension funds assume that they will earn 7.25% on their portfolios by mixing assets which yield less than 3% on average. Even if pension funds were to invest solely in the highest-yielding...
Tech Rout Sends Stocks to Worst Week Since March: Markets Wrap
“Today’s action is a reminder of just how fickle markets can be,” said Yousef Abbasi, global market strategist at StoneX. “The earnings themselves were not awful, but the market has priced tech to near perfection and thus one fly -- maybe even a fruit fly -- in the...
A $2 Billion Solar ETF Joins Options Mania on ‘Blue Wave’ Bets
“The infrastructure and green trade is a very ‘blue wave’ concept,” said Yousef Abbasi, global market strategist at StoneX, referring to a situation where the Democrats take control of both the White House and Congress Read more
Why Crypto is More Popular than Ever: JST Capital Co-Founder Speaks
Recently, Finance Magnates spoke to Scott Freeman, Co-Founder of JST Capital, about this influx of new money into crypto. JST Capital is a financial services firm specializing in the digital asset market, serving companies, foundations, and high-net-worth individuals....
Oil Surges From 3-Week Low Buoyed by Trump’s Improving Health
“Positive news on the status of President Trump’s coronavirus scare has calmed markets and prompted a rebound in oil prices,” said Kevin Solomon, an analyst at brokerage StoneX Group in London. Read more
Markets Were Already Braced for Chaos—and Then Came the Diagnosis
“This makes the chance of a second wave look more credible,” says Yousef Abbasi, global market strategist at StoneX. “If you go with that argument, how could you not see the need for more stimulus?” Read more