Crude oil collapses on May 23.Inventory builds from the API and EIA weighed on the price of the energy commodity.The Brent-WTI remains near the highs for Brent.The Middle East means the upside remains explosive, but the prospects for a prolonged trade war is pushing the price lower.UCO and SCO for...
JPMorgan says it’s poaching Google tech whizzes for its new equity-trading bot as Wall Street ramps up its automation revolution
Neil Hall/Reuters JPMorgan’s new equity-trading “bot” is part of a set of developments that could cut the firm’s trading costs by hundreds of millions of dollars a year. The project was spearheaded by Neil Joseph, the European head of equity trading at JPMorgan Asset Management. Source: JPMorgan says it’s poaching...
Week Ahead: Markets May Face Broader Technical Headwinds; Volatility Likely To Resurface
In yet another fairly eventful week, the Indian equity markets continued to digest the general elections fully, ending with a violent reaction to the portfolio allocation of the new set of cabinet ministers. After witnessing a 420-point trading range while marking incremental highs on a closing basis, the headline index...
10 ETFs To Play The Crude Oil Market
Crude oil prices dropped precipitously on Wednesday, and according to experts, are now on track to enter a bear market, as U.S. data revealed a weekly crude supply climb of almost 7 million barrels, to its highest level in nearly two years. Source: 10 ETFs To Play The Crude Oil...