#block trading

Bitcoin News Roundup for May 27, 2020

While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It’s Markets Daily from CoinDesk.

With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say. 

ErisX has released a block trading API for futures contracts and spot market…

ErisX Releases API for Bulk Trading of Bitcoin, Ether

Crypto derivatives platform ErisX said Tuesday it launched an API for bitcoin, bitcoin cash, ether and litecoin block trading, allowing for bulk trades.

The API provides greater integration of the firm’s block trading facility, a service for spot and futures market crypto traders looking to strike private, high-volume deals. This applies to spot trades of at least 10 bitcoin, 100 bitcoin cash,…

Cryptocurrency industry giant Coinbase is preparing to open an office in Chicago and add support for block trading in a bid to attract more institutional clients to GDAX, its professional trading platform.

Citing sources familiar with the matter, Business Insider reports that Coinbase will begin offering block trading — which allows traders to place large orders outside of the exchange’s normal order book — as it seeks to build out its institutional client base and solve a key pain point for this demographic.

High-volume traders have a difficult time executing orders at conventional cryptocurrency exchanges since large orders can cause significant price swings in markets that remain relatively thinly-traded.

With block trading, orders are circulated to market makers outside of the exchange’s continuously-updated order books and transactions are generally published on a delay. These factors help mitigate the effect that large orders have on a cryptocurrency’s exchange price.

The service will presumably be offered through GDAX, which currently ranks as the world’s ninth-largest cryptocurrency exchange, with an approximate daily trading volume of $315 million.

New York-based exchange Gemini, which was co-founded by Cameron and Tyler Winklevoss, began offering block trading last month.

A variety of other firms offer over-the-counter (OTC) trading for institutional buyers. Goldman Sachs-backed Circle’s cryptocurrency trading desk recently doubled the minimum size for bitcoin orders to $500,000, citing significant demand from large-scale traders.

Previously, Coinbase announced that it was launching a cryptoasset custodial service that will be open to clients seeking to store at least $10 million worth of assets.

The publication also reports that the San Francisco-based exchange operator made the decision to open an office in Chicago due to the city’s status as a haven for professional trading firms. Shifting its institutional-focused operations here could help it poach top talent from these firms and develop relationships with traders it hopes to lure to GDAX.

As CCN reported, Coinbase has allegedly internally valued itself as $8 billion, an approximate increase of $6.4 billion from the formal valuation it received last August at the conclusion of its Series D funding round.

Kermit G. Gable-Former Cambridge Investment Research Broker-Suspended by Texas Regulator

April 2017- Arlington, TX

According to publicly available records Kermit G. Gable, Jr.  , (CRD# 2202745 ) ,  a  former stockbroker who last worked for Cambridge Investment Research  discloses a separation from employment after allegations and a suspension of his investment adviser registration by the Texas State Securities Board (TSSB) .

The Financial Industry Regulatory Authority (FINRA) is the…

Kermit G. Gable-Former Cambridge Investment Research Broker-Suspended by Texas Regulator

April 2017- Arlington, TX According to publicly available records Kermit G. Gable, Jr.  , (CRD# 2202745 ) ,  a  former stockbroker who last worked for Cambridge Investment Research  discloses a separation from employment after allegations and a suspension of his investment adviser registration by the Texas State Securities Board (TSSB) . The Financial Industry Regulatory Authority (FINRA) is the…

New Post has been published on http://www.therakyatpost.com/business/2014/03/28/southeast-asia-stocks-up-on-inflows/

Southeast Asia stocks up on inflows

BANGKOK, March 28:

Southeast Asian stock markets rose today on hopes about stimulus in China and foreign inflows into the region, with the Thai benchmark climbing to a near-two-week high after late buying in large-caps.

A bout of buying via block trades in index heavyweights such as Siam Commercial Bank, Advanced Info Service and PTT Exploration and Productions sent the SET index 1% higher to close at 1,368.90.

Institutional investors were more active as part of their “window dressing” activities but the market was keeping a watch on domestic political developments, said analyst Koraphat Vorachet at broker Nomura Pattanasin.

“High stock valuations could limit room for more strong gains from this point. With the current political risk, the index could see technical-led selling around the 1,380 level,” he said.

Thai shares ended up 0.6% on the week, recouping most of their falls in the previous week.

Singapore’s Straits Times Index was among the out performers in the region, ending 3.2% higher on the week, on buying in battered property shares such as Hongkong Land Holdings and City Developments.

Malaysia reported a net foreign buying of 272 million ringgit (US$82.64 million), Indonesia saw inflows worth a net 1.27 trillion rupiah (US$111.30 million) and the Philippines posted 1.14 billion pesos (US$25.3 million) of inflows, according to Thomson Reuters and stock exchange data.

Asian markets gained today, with MSCI’s index of Asia-Pacific shares outside Japan up 0.8% helped by reports Beijing would fast-track infrastructure spending.