Sentences with phrase «currency trading desk»

CoinDesk is the newest addition to the DCG group of companies, which includes Genesis Global Trading, an institutional - focused digital currency trading desk, and Grayscale Investments, an asset manager that manages the Bitcoin Investment Trust (Symbol: GBTC).

Rumours of Goldman Sachs launching a digital currency trading desk continue to circulate in the industry following a report from Bloomberg in December 2017.

Bitcoin futures are traded on the Chicago exchanges, and large institutional investors are setting up virtual currency trading desks.

Currently, Ripple requires two parties for a transaction to occur: a regulated financial institution «holds funds and issues balances on behalf of customers» while «market makers» such as hedge funds or currency trading desks provide liquidity in the currency they want to trade in.

Not exact matches

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy.

While the bank hasn't made a decision where to house the desk, one possibility is that it will operate within the fixed - income, currencies and commodities unit's systematic trading function, which conducts transactions electronically, two people said.

Behind the scenes, the company supported Circle Pay with its trading desk, which provided users with liquidity in all sorts of currencies, virtual or otherwise.

In the US, the Volcker Rule has caused banks to shut down their proprietary trading desks, while provisions of the Dodd - Frank Act are causing big FX banks to stop making markets in currencies and to act simply as agents for their customers.

Reportedly, this marks the bank's first digital currency - focused hire, as Goldman Sachs is rumoured to be launching a trading desk for digital currencies later this year.

Other new employees will devote their efforts toward helping Circle's institutional trading desk — Circle Trade, which manages about $ 4 billion in volume per month — begin processing trades in Asian fiat currencies.

TCC in - house analysts and traders use our proprietary trading desk to grow our diversified portfolio of both low - volatility buy - and - hold currencies and emerging new ICO tokens.

Goldman's trading desks, which are weighted toward bonds, currencies and commodities, struggled this quarter, as did those at its competitors JPMorgan Chase, Citigroup and Bank of America.

Some of this trading represents foreign currency conversions on behalf of customers» needs while some is carried out by the banks» proprietary trading desk for speculative purpose.

MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency's value.

In late December last year, the exchange desk was in the middle of an insider trading controversy after Bitcoin Cash (BCH) experienced an abrupt jump in price moments before Coinbase announced support for the currency.

Behind the scenes, the company supported Circle Pay with its trading desk, which provided users with liquidity in all sorts of currencies, virtual or otherwise.

For what is worth, shortly before Bitcoin passed the $ 10,000 barrier on Coin Market Cap, exchange desk Cex was already trading the currency at a little over $ 10,000.

With the crypto conversation migrating from trading desks to dinner tables, everyday folks armed with only a passing understanding of the currency or the technology that underpins it poured money into the asset.

Circle also operates a trading desk for bitcoin and other digital currencies.

«We actually operate a trading desk for all virtual currencies — a very active trading desk,» noted Brownworth.

The investment manager plans to launch its own bitcoin trading desk by the end of June, becoming the first large Wall Street firm to make markets in digital currencies.

So as to acquire some fiat currency, Poloniex recurred to Circle's trading desk.

«While the bank hasn't made a decision where to house the desk, one possibility is that it will operate within the fixed - income, currencies and commodities unit's systematic trading function, which conducts transactions electronically,» the report paraphrases two unnamed sources as having said.

TA has become the dominant methodology for predicting stock, bond, commodity and currency market cycles worldwide and is used by ALL major investment banks and international trading desks as the underlying basis for TRILLIONS of dollars in DAILY investment transactions.