OANDA has surveyed its elite traders to uncover what is most critical to their trading performance and provide tips for new traders as we move into 2016. The findings challenge misconceptions about the risk appetite of retail FX traders. Being risk-aware was the most important trading quality, with the ability to read charts and knowledge of macroeconomics coming in at second and third place. Being aggressive was the least favored option, chosen by only 14% of those surveyed.
Nasdaq announced that it will acquire Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture Securities, from Chi-X Global. The acquisition will provide Nasdaq with direct access to the Canadian equities market. The deal is expected to close in the first quarter of 2016, and be accretive to the company’s earnings at closing, excluding transaction-related costs.
Intercontinental Exchange announced the introduction of 81 new energy futures and options contracts in December. The new contracts will be available for trading at either ICE Futures Europe or ICE Futures U.S., and all will be cleared at ICE Clear Europe subject to regulatory approval. ICE’s new energy products include cash settled oil, natural gas liquids, coal, financial power and physical environmental contracts.
Global Markets Exchange Group Limited
Global Markets Exchange Group Limited (GMEX Exchange) announced CFTC approval to offer its Interest Rate Swap Constant Maturity Futures (IRS CMF) to U.S.-based firms by directly accessing GMEX Exchange. Trade confirmation and clearing of the GMEX IRS CMF takes place at Eurex, the derivatives marketplace of Deutsche Börse. Transactions will be processed via the Eurex Trade Entry Service, which was made available to U.S. based exchange participants recently.
Avatar Securities, LLC is looking for experienced and highly skilled equity and equity option traders. Avatar offers state-of-the-art offices in downtown Chicago as well as services on a remote basis.
Tokyo Commodity Exchange
The Tokyo Commodity Exchange, Inc. announced that Dubai Crude Oil futures open interest reached 62,967 contracts, the highest since its launch on Sep. 10, 2001. It is also the first time its open interest exceeds 60,000 contracts.
BATS Global Markets (BATS) announced that ProShares will transfer four NYSE Arca-listed ETFs to The BATS ETF Marketplace: ProShares Large Cap Core Plus (CSM), ProShares Russell 2000 Dividend Growers ETF (SMDV), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and ProShares Morningstar Alternatives Solution ETF (ALTS). Each fund will list on BATS under the same ticker symbol.
The latest research by Preqin shows that capital raised in 2015 by natural resources funds is on course to match the record $61 billion raised in 2013. Year-to-date fundraising in 2015 already has surpassed the $52 billion raised in all of 2014. Coupled with this, natural resources funds seem to be following the broader trend in other alternative asset classes of increasing levels of capital being concentrated among a smaller number of funds. So far in 2015, only 45 funds have reached a final close, down from 111 in 2013. This fundraising activity seems unlikely to slow down in the coming months, with 212 natural resources funds currently on the road, targeting a combined $109 billion in investor commitments.
S3 announced the appointment of Jeremy Vest as Vice President of Client Services, effective immediately. Additionally, the company has appointed Rob Olkiewicz, formerly VP of Operations at S3, as Vice President of Client Integration.