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Hong Kong Monetary Authority Releases Foreign Currency Reserves for July 2013
- Every month, Hong Kong's regulatory authority, the HKMA, releases full details of the amount of foreign exchange contracts are held within the nation. July's figures, released yesterday, demonstrate a downward turn.
by
Andrew Saks McLeod
RMB Goes Free: HKMA Refines Renminbi Liquidity Facility To Authorized Institutions, While SGX Announces Imminent RMB Trading
- The Chinese renminbi is the subject of strict governmental controls, however today two entities announced that there is to be some freer movement. Singapore Exchange will offer the first RMB shares on August 5, and HKMA eases access to liquidity.
by
Andrew Saks McLeod
Executive Interview: Mauro Betschart, CEO and Founder, BTC Global Discusses Worldwide Bitcoin Dynamics
- With so many events having occurred in the world's banking sector over recent years, virtual currencies have risen in popularity, culminating in one particular example, Bitcoin, becoming an exchange tradable instrument.
by
Andrew Saks McLeod
A World First: Bitcoins Used To Acquire Gaming Firm. SatoshiDice Sells For 126,315 BTC
- Usually, mergers and acquisitions are conducted in wood-paneled boardrooms by sombre-suited accountants, however yesterday the first acquisition was completed in Bitcoins as SatoshiDice sells for 126,315 BTC.
by
Andrew Saks McLeod
Want To Invest In Real And Virtual Gold? US Commodities Dealer Accepts Bitcoins As Payment
- US commodities dealer Agora Commodities this week took a bold step in offering the purchase of precious metal commodities in exchange for payment by Bitcoin. Virtual currencies, it seems, are now a powerful tool.
by
Andrew Saks McLeod
Executive Interview: Daniel Abrahams Elaborates On Institutional FX, Bitcoins and Entrepreneurship
- In this week's executive interview, co-founder of MyCurrencyTransfer.com Daniel Abrahams discusses the firm's foray into institutional FX, the firm's establishment in Tel Aviv and the future of virtual currency.
by
Andrew Saks McLeod
India geared for Algorithmic Trading
- India's automated trading environment is growing rapidly. The bulk of volumes have been in top 50 stocks including Bharti Airtel, Reliance and Tata Consultancy Services. Volumes are estimated at around 18% with large institutional investors making up most of he transactions. India's markets are gradually developing infrastructure to compete with major financial hubs like Singapore where algorithmic trading makes up around 60% of daily volumes in equity markets.
by
Adil Siddiqui
SocGen offers liquidity in Currency Options
- Currency Options have generally been instruments the more experienced trader uses, with complex pricing structures, trading strategies and general understanding of the product. They make up around 10% of FX volumes (USA) and are starting to find a whole new breed of traders ready to add them to their trading portfolios.
by
Adil Siddiqui
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