Although benchmark EM credit spreads are compressing to 12 month lows, favorable
global liquidity conditions suggest still a slow grind tighter with few options other than the high yielding single B credits like Argentina.
As we're now in the ninth year of the current cycle, we think investors should consider the mixed nature of incoming data such as China's economic stimulus,
global liquidity conditions, a US «hard data» letdown and escalating asset class valuations.
Not exact matches
Goldman Sachs said in a note last week that factors including weaker economic activity, lower - than - expected headline inflation, continued tightness in
liquidity conditions and subdued
global activity and dovish central banks around the world could push the RBI to ease its policy.
During difficult market
conditions, such as the asset - backed commercial paper crisis in the summer of 2007 and the
global financial crisis of late 2008, the BAX has consistently provided customers with price transparency,
liquidity and central counterparty guaranteed transactions.
Vulnerabilities that were previously concealed by generous amounts of
global liquidity may become more evident as normal monetary
conditions are restored.
Global reflation, combined with U.S. - dollar weakness, created investor complacency that ideal
liquidity conditions would continue indefinitely.
These developments, or the perception that any of them could occur, have had and may continue to have a significant adverse effect on
global economic
conditions and the stability of
global financial markets, and could significantly reduce
global market
liquidity and restrict the ability of key market participants to operate in certain financial markets.
These factors — many of which are beyond our control and the effects of which can be difficult to predict — include: credit, market,
liquidity and funding, insurance, operational, regulatory compliance, strategic, reputation, legal and regulatory environment, competitive and systemic risks and other risks discussed in the risk sections of our 2017 Annual Report; including
global uncertainty and volatility, elevated Canadian housing prices and household indebtedness, information technology and cyber risk, regulatory change, technological innovation and new entrants,
global environmental policy and climate change, changes in consumer behavior, the end of quantitative easing, the business and economic
conditions in the geographic regions in which we operate, the effects of changes in government fiscal, monetary and other policies, tax risk and transparency and environmental and social risk.
Product Level 3 * — please select — Analytic Tools Best Execution BondEdge Business Entity Service Colocation and Proximity Hosting Connectivity Connectivity & Feeds Consolidated Feed Continuous Evaluated Pricing Corporate Actions Cscreen DataX Desktops & Tools Econfirm End of Day Evaluations ETF Valuations & Index Construction Evaluated Pricing EvalueX Exchange Data Fair Value Information FATCA FutureSource Historical Market Data ICE Benchmark Administration ICE Block ICE Derivatives Analytics Suite ICE Energy Indices ICE Link for CDS ICE Options Analytics ICE Trading Platform Index Services Instant Messaging ISVs
Liquidity Indicators Managed Services Market - Q Meteorological Reports MiFID II MPV News & Alerts NYSE Data NYSE Index Services Oil & Natural Gas Commentary OTC Data Petroleum Refining and Nat Gas Alerts Post-Trade Price Discovery & Execution Pricing & Analytics Quote and Data Distribution Real - Time ICE Markets Data Reference Data Regulation SFTI
Global Market Access SFTI Low Latency Solvency II Terms and
Conditions Tick History Trade Vault US Treasury Bond Index Series Vantage View Only Quotes Wealth Management Other
Product Level 3 * — please select — Analytic Tools Best Execution BondEdge Business Entity Service Colocation and Proximity Hosting Connectivity Connectivity & Feeds Consolidated Feed Continuous Evaluated Pricing Corporate Actions Cscreen DataX Desktops & Tools Econfirm End of Day Evaluations ETF Valuations & Index Construction Evaluated Pricing EvalueX Exchange Data Fair Value Information FATCA FutureSource Historical Market Data ICE Benchmark Administration ICE Block ICE Derivatives Analytics Suite ICE Energy Indices ICE Link for CDS ICE Options Analytics ICE Trading Platform Index Services Instant Messaging ISVs
Liquidity Indicators Managed Services Market - Q Meteorological Reports MiFID II MPV News & Alerts NYSE Data NYSE Index Services Oil & Natural Gas Commentary OTC Data Petroleum Refining and Nat Gas Alerts Post-Trade Price Discovery & Execution Pricing & Analytics Quote and Data Distribution Real - Time ICE Markets Data Reference Data Regulation SFTI
Global Market Access SFTI Low Latency Solvency II Terms and
Conditions Tick History Trade Vault US Treasury Bond Index Series Vantage View Only Quotes Wealth Management Other
Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general
global markets and economic
conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and
liquidity risks including the risk that the financing necessary to fund continued development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.