Updates from February, 2016 Toggle Comment Threads | Keyboard Shortcuts

  • Jennifer J 15:20 on February 29, 2016 Permalink | Reply  

    Join Us: Credit Suisse Trading Forum 

    Meet us in sunny Boca Raton for the Credit Suisse Trading Forum 2016 – Making the Right Moves, this Wednesday through Friday, March 2-4.  

    Booth #19

    Credit suisse event.PNG

    To set up a meeting at the forum, please contact:

    Marc Muller (Marc.Muller@TradingScreen.com), Sachin Joshi (Sachin.Joshi@TradingScreen.com) or Mike Bailleux (Michael.Bailleux@TradingScreen.com)

    Keynote Speakers:

    • Garry Kasparov, Former World Chess Champion, Activist and Author
    • Daniel M. Gallagher, President, Patomak Global Partners, Former Commissioner, U.S. Securities and Exchange Commission (2011 – 2015)
    • James Carville, American Political Commentator and Media Personality
    • Friday afternoon’s tennis clinic will feature Jimmy Connors, former world #1-ranked tennis player, and winner of the US Open, Wimbledon and Australian Open

     

    Can’t attend? Fill out this form and we will contact you.

    To view all TradingScreen events, check out our events page here.

     

     

     
  • Jennifer J 10:59 on February 29, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    costco amex.PNG

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 10:10 on February 26, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 02/26/2016 

    SEARS SLIDES

    (Bloomberg Business) – Sears Holdings Corp. (SHLD) posted a $580 million fourth-quarter net loss and boom goes the dynamite and dust settles as another retail giant gets crushed.

    Sears, the department-store run by hedge fund manager Edward Lampert, has been shrinking in an effort to strengthen its online presence and rewards programs. But that hasn’t stopped the slide, as the company’s cash balances were $238 million at the end of the quarter on January 30, down from $250 million a year prior.

    The stock has lost nearly half of its value over the past year. If you’re looking for a beacon of hope, I’m not sure there is one as stores in operation fell from 1,725 to 1,672.

    Read the entire article at Bloomberg Business
    More coverage: InvestorPlace and Vanguard Tribune

    NOT ALL CLOUDS ARE EQUAL

    (The Wall Street Journal) – The cloud computing company taking over corporate America is at it again, according to 4th quarter results from Salesforce. The stock was up 8.05 percent to $67.53 in late-morning trading on Thursday and they have increased its cash faster than revenue, generating $459 million. That accounts for a 38 percent year-to-year growth, resulting in $2.73 billion sitting in the bank. 

    Salesforce has has three major releases in one year and have stated that revenue should rise 25 percent from last year to range between $1.885 and $1.895 billion. It looks like clear blue skies for the #1 CRM platform.

    In a call after the release, Salesforce CFO Mark Hawkins HWKN -2.81% told FORBES that Salesforce saw “Breadth of excellence across geographies and the cloud,” with a “Triple-play” of strong top-line, bottom-line and cash results. But the questions remains, is Salesforce going to take over SAP and Oracle customers at this rate? Word on the street is that Salesforce is easier and cheaper, cha-ching.

    Read the entire article at The Wall Street Journal
    More coverage: Forbes and TheStreet

    HONEYWELL OFFERED TO BUY UNITED TECH

    (Rueters) – Happening right now (Friday AM) – Honeywell International Inc. (HON.N) has offered to buy United Technologies Corp. (UTX.N) for $108 per share in cash and stock.

    According to Rueters, Honeywell had offered $42.63 share in cash and 0.614 of its shares for each United Tech share, the company said.

    These are the only details to report at this time.

    Read the entire article at Reuters

     
  • Jennifer J 11:35 on February 25, 2016 Permalink | Reply  

    TradingScreen Milan Buy Side Trading Forum – TODAY 

    Currently, our Paris team is hosting the TradingScreen Milan Buy Side Trading Forum. With speakers from Greyspark, IlliquidX LLP and more, TradingScreen thanks all attendees and we invite everyone to the 2017 event.

    Milan Trading Forum - Feb 25

    PROGRAM: 
    15:00 – Registration
    15:15 – Welcome Speech – TradingScreen
    15:30 – “Electronic Bonds Trading Platforms: The Impossible Trinity of Liquidity”
    Frederic Ponzo, CEO – GreySpark
    16:00 – “What’s Next: Global Market Analysis”
    Dr. Ivo Pezzuto, Global Market Analyst, Professor of Economics and Member of Advisory Boards
    16:30 – “Fixed Income Order and Execution Management System – Are You Ready For MIFID 2?”
    Elie Cezard, Fixed Income Business Manager – TradingScreen
    16:45 – Break
    17:05 – “Asia Corporate Bond Market Overview”
    Steve Edge, CEO and Founder – AsiaTrading
    17:35 – “SGX Bond Pro, Your Gateway To Asian Corporate Bond Trading”
    TradingScreen
    17:50 – “Scenario 2016: Mercato Obbligazionario Corporate in Italia”
    Maria Grazia Antola, Head of Credit Research – Intesa Sanpaolo
    18:20 – “Corporate Bonds Market Illiquidity and Divestment Processes ”
    Celestino Amore, CEO and Foudner – IlliquidX LLP
    18:50 – “TradeCross Platform Overview”
    Alexandre Carteau, OTC Product Business Manager – TradingScreen
    19:20 – 21:00 – Cocktail and Networking

     

    If you were unable to attend this year, fill out the form here and you will be contacted by the TradingScreen team regarding a live demo and any other requests you may have.

    Thank You,

    TradingScreen

     
  • Jennifer J 12:28 on February 24, 2016 Permalink | Reply  

    TradingScreen Awarded “Best OTC Derivatives Trading Platform” 

    Wall Street Letter 2016

    The 2016 Wall Street Letter Institutional Trading Awards has granted TradingScreen with “Best OTC Derivatives Trading Platform.” TradingScreen is grateful to be recognized for our accomplishments. Thank you to our customers and partners for their continued support and patronage.

    To view the complete list of winners and event website, click here.

     
  • Jennifer J 11:15 on February 23, 2016 Permalink | Reply  

    Techmix Magazine Digital Careers Show – TODAY 

    Andrew Kearney 2

    Visit TradingScreen at stand #27 today, February 23, at the Techmix Magazine Digital Careers Show! We are showcasing our Graduate Analyst/Trainee Program and our Dream it. Code it. Win it. student coding competition with $80k in prizes.

    Check out our Techmix Magazine profile here!
     
  • Jennifer J 11:08 on February 22, 2016 Permalink | Reply  

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 08:50 on February 19, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 02/18/2016 

    IBM MAKES $2.6 BILLION DEAL

    (Bloomberg Business) – IBM released news that it will acquire Truven Health Analytics for a whopping $2.6 billion in an effort to grow its Watson Health business.

    Interestingly, this is the fourth health data-related acquisition that IBM has completed in the less than a year. The purchase of Truven’s cloud-based data repository grants IBM with access to 2,500 employees and 8,500 clients, including U.S. federal and state government agencies. Overall, the Watson Health business now has health-related data on approximately 300 million patient lives, mostly in the U.S.

    IBM is very familiar with partnerships these days, including Apple, Medtronic, Johnson & Johnson and CVS Health, amongst others.

    Read the entire article at Bloomberg Business
    More coverage: New York Times and Tech Crunch

    MOVE OVER DISH, NETFLIX AND HULU ARE TAKING OVER

    (Nasdaq) – More and more households are divorcing $100+ monthly payments for cable and shacking up with cheaper subscription services like Netflix and Hulu to get their TV fix.

    DISH Network Corp. reported a decline in fiscal 2015 profit, hurt by expenses, a drop in pay-TV subscribers and a wireless airwaves auction-related expense. The second largest U.S. satellite TV provider said net income attributable to the company fell about 21 percent from a year ago to $747.1 million, $1.61 per share. That comes in short of the average analyst estimate of $1.97 per share, according to Thomson Reuters.

    While revenue grew about 3 percent, 2016 will be a huge year for cable providers in a race to keep their customers from jumping to cheaper alternatives.

    Read the entire article at Nasdaq
    More coverage: Bloomberg Business and Reuters

    WALMART LEFT IN THE DUST 

    (The New York Times) – The giant discount retailer, WalMart, has released that 4th quarter profit fell almost eight percent, as Amazon tests drones to take over even more of the consumer pie.

    They reported earning $4.57 billion, or $1.43 per share in the three-month period that ended January 31, compared to $4.97 billion, or $1.53 per share, in the same period one year ago. At the same time, “Wally World” announced last month that 269 stores are closing, affecting 16,000 workers.

    “This past year has been a year of investment, operational improvement and change, even while we delivered solid growth,” said Doug McMillon, Walmart’s president and chief executive. “We do see an underlying strength in our Walmart U.S. business that wasn’t there a year ago.”

    Read the entire article at The New York Times
    More coverage: CBS News

     
  • Jennifer J 11:47 on February 16, 2016 Permalink | Reply  

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

  • GoGoStock Plummets On American Airlines Lawsuit
  • Fantasy Sports Industry Mounts Lobbying Blitz
  • Pfizer To Pay $785 Million To Settle Medicaid Claims

TECHNOLOGY:

THOUGHT LEADERSHIP:

 
  • Jennifer J 11:49 on February 12, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 02/12/16 

    VISA BUYS 10 PERCENT STAKE IN SQUARE

    (Yahoo! Finance) – It was announced that Visa is now a major shareholder in Square, not exactly shocking news.

    Square, the mobile payments services, was co-founded and led by Twitter’s Jack Dorsey. Shares spiked nearly 14 percent before the opening bell today amid the news. With Visa gobbling up nearly 10 percent, they are now the second-largest shareholder as billionaire Leonard Blavatnik controls 11.4 percent.

     

    Square is a small physical device that one can plug into their phone, making credit cards accepted almost anywhere. It’s commonly used at small business and outside vendors, such a farmers markets and sidewalk sales. It only makes sense that the world’s largest payment network operator married Square, as more and more processes and purchases are going mobile.

    Read the entire article at Yahoo! Finance
    More coverage: Seeking Alpha

    JPMORGAN’S DIMON BUYS $25 MILLION OF COMPANY STOCK

    (Fox Business) – Jamie Dimon, chief executive office of JPMorgan Chase went on a spending spree of his own, purchasing 500,000 shares of the company’s stock for more than $25 million. The purchase totaled a whopping $26.59 million, meaning he now owns 7.79 million shares worth $413 million at Thursday’s closing price.

    The stock isn’t having as great of a year as Dimon, after falling nearly 20 percent amid the outlook for bank profits. Seems like that’s the name of the game these days, as rivals Citigroup, Goldman Sachs and Bank of America are feeling the pain as well.

    Read the entire article at Fox Business
    More coverage: CNN Money and Wall Street Journal

    BLACKROCK’S $1.9 BILLION CREDIT HEDGE FUND SUFFERS WORST JANUARY

    (Bloomberg Business) – Obsidian is asking, can we rewind and start 2016?

    After having the worst start in its 19-year history, BlackRock Inc.’s global credit hedge fund, Obsidian, fell 4 percent in January. According to an investor update, the fall comes after failing to anticipate “the extend to which markets would trade in lockstep with commodities.”

    It’s not like this fall will hurt the financial giant, as hedge funds account for less than 1 percent of Blackrock’s $4.6 trillion in assets under management.

    Read the entire article at Bloomberg Business

     
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