Donald Trump Reportedly Advised to On-Board Jamie Dimon as Treasury Secretary: CNBC

Donald Trump has been reportedly advised by his closest to pick the CEO of JPMorgan, Jamie Dimon is treasury secretary, CNBC has reported. With the nominations starting to flow in, Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across multiple asset classes continues - bonds are falling, while stocks are rallying. A strong U.S. dollar is accompanying the rally in risk assets.

not sure what is going on in $JPM right now. Algo wars. or something

— Eric Scott Hunsader (@nanexllc) November 10, 2016

While some media outlets are reflecting on whether the popular vote coincided with the electoral college, the stock market has rallied strongly and the U.S. dollar keeps printing new highs across the board.

One function of the electoral college is to prevent mob rule. A violent left confirms that the electoral vote is working as intended. #tcot

— Doug Ray (@RWSalt) November 10, 2016

CNBC is one of those same media companies that got the election wrong, and the report about Jamie Dimon could be the next part of a string of incorrect assertions like the certainty of Hilary Clinton's electing. That said, what is actually so bad about at a financial markets professional like Jamie Dimon, taking the Treasury Secretary job.

Dodd-Frank Repeal & Rising Volumes

While rumors about a Dodd-Frank repeal are swaying, brokers and exchanges are reporting record trading volume days. In the mean time some Wikileaks dumps are continuing with the latest including some information about how the Democrats have favored Donald Trump and used a 'Pied Piper' strategy that paid media to help The Donald win the Republican primaries.

Clinton's Pied Piper Strategy (use media contacts to promote Trump) has backfired spectacularly. PDF of our leak: https://t.co/DAmWNq9K0f pic.twitter.com/R49V3TfMXC

— WikiLeaks (@wikileaks) November 9, 2016

Volatility is rampant across major ECNs with Fastmatch reporting $38 billion changed hands on the foreign exchange Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term. Hotspot FX is reporting one of its best days ever with a total of $64.4 billion transacted via the FX ECN of BATS Global Markets. Shares of GAIN Capital and FXCM have added 5 and 4 percent in today's trade, respectively.

Commenting to Finance Magnates, the CEO of connectivity provider oneZero, Andrew Ralich said, "Regardless of how anyone feels about the result of the US election, the event itself represents another solid example of the maturity developing in the Retail FX space. From oneZero's perspective we see that a large majority of brokers have weathered this latest surprise global development completely in stride. Precautions and planning have allowed the industry to benefit from the volatility derived from uncertainty and done so while maintaining stability. From technology companies, to brokers, to regulators I think that we all should be very proud of this evolving resiliency."