News Nuggets | 26 October: Ninja Traders's New Version; ASIC Starts Awareness Campaign

Ninja Trader Releases Version 8.1.2.0 with Enhanced Features

Ninja Trader has launched its new version, 8.1.2.0, introducing various innovative features. One of the main additions is the SuperDOM Pulling/Stacking column. This customizable display shows changes in market depth based on user configurations or when a reset alert is received.

Another notable feature is the SuperDOM Recent column that showcases the recent volume at bid or ask prices. The new version allows for the label of selected indicators to be displayed in bold and italics for easy identification.

Other enhancements include displaying options on futures data, additional columns in the option chain, and sending chart objects to the front or back. The update also introduces a workspace loading indicator and uses the Roslyn compiler, offering flexibility with C# features up to version 8.

ASIC's Awareness Campaign: "Don't get burnt by hype"

ASIC, in conjunction with the Australian release of the film "Dumb Money" about the GameStop saga of 2021, has initiated a campaign warning retail investors about the risks associated with investment hype. The campaign, designed to encourage due diligence in online investment opportunities, will feature a cinema advertisement.

ASIC 's CEO, Warren Day, stressed the importance of understanding investment risks and being wary of speculative stocks.

"Before choosing to invest, people should familiarise themselves with the golden rules of investing and understand the associated risks. They shouldn't believe the hype – if an investment sounds too good to be true, it probably is," Day commented.

Mastercard and MoonPay Collaborate on Web3 Technologies

MoonPay has announced a strategic partnership with Mastercard to explore the potential of Web3 tools in enhancing experiential marketing. The collaboration aims to incorporate Mastercard products into MoonPay's offerings to ensure increased trust, compliance, and efficiency.

MoonPay's subsidiary, Otherlife, which offers Web3 creative agency services, will play a crucial role in the alliance. Mastercard's previous ventures in the blockchain space include the Mastercard Artist Accelerator platform. Additionally, MoonPay will leverage Mastercard's product Crypto Credential and other leading payment technologies.

LSEG Adopts Oracle Cloud for Global Finance Operations

LSEG has chosen Oracle Cloud to revamp its finance operations. With the integration of Oracle Fusion Cloud and Oracle Financial Services Applications on a single platform, LSEG aims to enhance its financial planning, forecasting, and controls.

LSEG's objective to streamline its operations after several acquisitions influenced the decision to transition to Oracle. The new system will replace 17 of LSEG's existing finance platforms.

StanChart Faces Profits Plunge Due to China Exposure

StanChart shares experienced a 12% dip in London following the bank's announcement of an unexpected drop of 33% in its pre-tax profit for the third quarter. The decline was attributed to a near loss of $1 billion from its engagements in China's real estate and banking sectors.

The bank reported a $700 million impairment from its stake in China Bohai Bank and a loss of $186 million from Chinese commercial real estate.

Euroclear Reports Strong Performance in Q3 2023

For the first nine months of 2023, Euroclear reported business income of EUR 1.24 billion, indicating a growth of 3% year-on-year. The financial institution witnessed a significant increase in net interest earnings, reaching over EUR 3.8 billion. The company's underlying net profit nearly doubled, reflecting a robust business performance. Euroclear's EBITDA margin increased 10.3 percentage points compared to the previous year.

"Euroclear continues its growth trajectory, delivering a solid business performance in Q3 2023 supported by higher interest rate conditions," Lieve Mostrey, the Chief Executive Officer of Euroclear Group, commented.

BNP Paribas Q3 Profits Align with Expectations

BNP Paribas, the largest bank in the eurozone, posted third-quarter results that met market expectations. A surge in corporate financing services offset a decline in trading revenue.

The bank reported a drop of 4% in its net income from the previous year, amounting to 2.66 billion euros.

Morgan Stanley Appoints Ted Pick as New CEO

Morgan Stanley has chosen Ted Pick to succeed James Gorman as its CEO. Pick, who has been with the firm for three decades, will assume the top role in January. The current CEO, Gorman will continue to serve as the Executive Chairman.

Pick is credited with reviving Morgan Stanley's trading business following the 2008 financial crisis.

Komainu and Blockdaemon Partner to Boost Staking Services

Komainu, a regulated digital asset custody provider, has entered into a partnership with Blockdaemon, a leading blockchain infrastructure company. The collaboration aims to strengthen Komainu's staking services.

With this alliance, Komainu clients will gain access to a wider range of institutional-grade staking infrastructure, including protocols like Ethereum and Cardano.