Hedge Funds Can Now Backtest Kalshi Prediction Market Prices Through BMLL
BMLL has added Kalshi's historical order book data to the datasets it sells to hedge funds, the London-based data provider said today (Thursday). It maps the prediction market records onto the schema it uses for CME Group's event contracts, so one model can run on both.That matters for funds testing
iFOREX Cuts First-Half Earnings Estimate to $1.4 Million After Accounts Review
iFOREX Financial Trading Holdings Ltd. cut its first-half adjusted EBITDA estimate to about $1.4 million today (Thursday). That is roughly $1 million below the $2.4 million it gave investors less than two months ago.The London-listed CFD broker said the change came out of the review of its interim a
Devexperts Offers South Korean Brokers a Ready-Made Package for US Stock Trading
Devexperts began offering South Korean brokers a packaged service for US stock trading today (Thursday). The company said the package covers the client-facing platform, market data and order execution, so a broker can add US shares without assembling several vendors.The front end is DXtrade, which D
Banking
Brazil’s Nubank launches in the US
The debut, ahead of full OCC approval but through a partner bank, coincides with the rollout of a multicurrency digital account for cross-border transactions.
Soaring bond yields, gaping deficits and towering debts: what could go wrong?
The rich world is flirting with fiscal disaster
Banking
Crypto’s Clarity Act stumbles
A hotly debated measure to regulate digital assets failed in the Senate amid conflict-of-interest concerns related to President Trump. Regulators now may have to forge the blueprint for the sector.
Banking
PNC, Regions, Citizens execs eschew M&A ‘distraction’
Executives at regional lenders cited AI priorities, systems conversions and strategic initiatives as reasons to avoid pursuing deals despite regulatory tailwinds.
Banking
Redefining treasury: modernising payments to unlock strategic growth
Treasury’s influence increasingly extends beyond protecting cash to shaping how businesses grow, serve customers and compete. The post Redefining treasury: modernising payments to unlock strategic growth appeared first on Euromoney.
Banking
Redefining treasury: modernising payments to unlock strategic growth
Insights from Manish Kohli, Head of Global Payments Solutions at HSBC. The post Redefining treasury: modernising payments to unlock strategic growth appeared first on Euromoney.
What Africa’s biggest IPO can do for its stock markets
A new generation of investors is buying up African stocks
Scott Bessent should stop blaming the bond market
It is working just fine; his interventions, less so
Banking
Treasury slaps Russia’s VTB with more sanctions
The restriction is meant to curb correspondent banking relationships Russia’s second-largest lender has with sanctioned Iranian banks. VTB has preexisting sanctions from 2022’s Ukraine invasion.
Enova scraps Grasshopper deal
The Chicago-based fintech withdrew its applications from the OCC and Fed, and its CEO decried the absence of “clear standards” for bank licensing, in addition to “political pressure.”