Market makers – English Daily Tue, 04 Oct 2022 13:19:00 +0000 en-US hourly 1 Market makers – English Daily 32 32 Diamond Standard launches spot market for fungible coins Tue, 04 Oct 2022 13:00:00 +0000

Providing liquidity for the revolutionary diamond asset class

NEW YORK, October 4, 2022 /PRNewswire/ — Diamond Standard Inc., developer of the world’s only regulator-approved diamond, today announced the launch of the Diamond Standard Spot Market, enabling free and instant trading of Standard Diamond Parts.

Each standard diamond piece contains a blockchain token, stored on a wireless chip inside the clear plastic piece, under the fungible set of diamonds. Anyone who owns this token under a regulator license, owns the commodity and can take delivery of it at any time.

The Diamond Standard Spot Market is a peer-to-peer marketplace with a centralized limit order book, where individuals or market makers can trade Diamond Standard tokens for USDC stablecoins, issued by Circle and pegged to the American dollar. Thanks to the efficiency of blockchain transactions, there are no transaction fees for trading.

The Spot Market is offered by DS Admin Trust, a Delaware Trust that manages the custody of Diamond Standard products at Brinks, for their owners and merchants. Unlike stocks held by brokers or cryptocurrency held by exchanges, Diamond Standard tokens are held in digital wallets directly controlled by the owners.

“The Diamond Standard Spot Market is a huge leap forward for diamonds as an asset class. standard diamond piece is “marked to market” daily and trades with much less “friction” than loose diamonds, which can be 20-40%, through an auction house, lender on pawnbrokers or a jeweller,” said Cormac KinneyFounder and CEO of Diamond Standard.

“Through this spot market, Diamond Standard is creating a new source of demand for diamonds while increasing participation and liquidity, key ingredients for investors and efficient markets,” said Paul Zimniskian independent diamond industry analyst.

The Diamond Standard spot market in action

  • Provides instant cash to owners of Diamond Standard products.
  • Enables market-based price discovery via live auctions.
  • Transactions settle instantly via the blockchain token embedded in each coin.
  • The tokens are in self-custody in the owner’s digital wallet. In a trade, assets are transferred from the seller to the buyer. The Spot Market does not store user assets.
  • To bid, users must have USDC tokens on the Ethereum blockchain.
  • Currently does not charge any transaction fees. Buyers become responsible for custody fees, currently $36/year/part, and physical delivery costs if requested.

While Diamond Standard’s commodity and token offerings are overseen by the Bermuda Monetary Authority, the spot market is not – it is a US-based venue.

Diamond Standard is the creator of the only regulator-approved diamond products in the world. By releasing diamonds as a market-traded asset, Diamond Standard provides access to a natural resource that is currently worth $1.2 trillion – more than the value of silver and platinum combined. A revolutionary durable asset that can be treated like a blockchain token, the commodity diamond offers diversification, potential inflation protection and a new store of wealth for institutional and individual investors, while bringing transparency and efficiency to the diamond supply chain. To invest brilliantly, go to

For media inquiries:
Monika Plock
Communications Manager
Diamond standard
[email protected]

SOURCE Diamond Standard

European stock futures rose; UK GDP Grows in Second Quarter By Fri, 30 Sep 2022 05:51:00 +0000

© Reuters.

By Peter Nurse – European stock markets are set to open slightly higher on Friday, helped by stronger-than-expected UK growth, but gains are likely to be limited given lingering concerns of weaker growth as central banks raise benchmarks. interest rates as geopolitical risks remain.

As of 02:00 ET (06:00 GMT), the Germany contract was trading up 0.2%, France up 0.1% and the UK contract up 0.1%.

Major Wall Street indexes closed sharply lower on Thursday, dragging Asian stocks lower early Friday, with the Japanese index down 2%, and Europe is expected to follow suit.

The weakness in the United States stems from concerns that it will continue to fight aggressively against , with the weekly figure showing that the US labor market remains resilient, giving policymakers the green light to continue tightening monetary policy.

Back in Europe, Thursday’s hot print suggests it will need to get more aggressive if it is to get inflation under control at historic levels.

However, stock markets received a boost after rising 0.2% quarter-on-quarter in the second quarter, up 4.4% year on year, surprising on the upside.

There are more economic data releases to study on Friday, including and especially the September figure, which could rise nearly 10% on an annual basis.

Official data from China earlier today showed unexpected growth in September, breaking two consecutive months of declines, but a separate private survey painted a very different picture, with the country’s manufacturing PMI falling to 48.1 in September against 49.5 the previous month. .

Separately, Russian President Vladimir Putin is due to hold a Kremlin ceremony on Friday annexing the four regions of Ukraine that recently voted to join Russia in referendums condemned by Ukraine and the West.

The United States and the European Union are set to impose additional sanctions on Russia for the move, and EU energy ministers are due to meet later Friday to discuss their options.

Oil prices traded largely flat on Friday but are heading for the first quarterly decline in two years on lingering fears of a global economic slowdown as central banks dramatically tighten monetary policy to combat the ‘inflation.

Next week will see the latest meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively called OPEC+, amid speculation the group will agree to cut crude production to support lower prices.

As of 2:00 a.m. ET, futures were trading slightly higher at $81.25 a barrel, while the contract rose 0.1% to $87.22.

Both benchmarks are on track to rise about 2% for the week, their first weekly gain since August, after hitting nine-month lows earlier in the week. However, they are also expected to fall around 10% this month, the fourth consecutive losing month, and losses for the quarter amount to around 23%.

Additionally, it was up 0.4% at $1,675.65 an ounce as it traded up 0.1% at 0.9823.

Top Headlines: Automakers target pre-Covid profits, Air India market share Tue, 27 Sep 2022 03:17:00 +0000

The festival season, which kicked off with Navratri on Monday and ends with Diwali on October 24, should please passenger vehicle (PV) manufacturers in more ways than one. Fiber optic cable (OFC) manufacturers are gearing up for a multiple surge in fibering, aggressively tapping into global markets to power 5G services. Read more about it in our main titles.

Automakers on track for pre-Covid profits as festival season sales soar

The festival season, which kicked off with Navratri on Monday and ends with Diwali on October 24, should please passenger vehicle (PV) manufacturers in more ways than one. Not only is it expected to be a record high in terms of volumes, but it will also see a rapid recovery in profitability for PV manufacturers and bring it closer to pre-Covid levels as the overall sales mix is ​​boosted by rising sales of better final finishes and lower raw material prices. Read more

Powering 5G Services: Telcos Could Spend Up To $2.5 Billion On Fiber Optics

Fiber optic cable (OFC) manufacturers are gearing up for a multiple surge in fiberization, aggressively tapping into global markets to power 5G services, and meeting demand for fixed fiber broadband up to home (FTTH). Telcos estimate they will spend between $1.5 billion and $2.5 billion in India on OFC over the next three to four years. Read more

Indian economy shows resilience and recovery, says CEA Nageswaran

Chief Economic Adviser (CEA) V Anantha Nageswaran said on Monday that India’s economy was on the road to recovery, but warned that foreign investors may remain cautious due to geopolitical challenges. He said all sectors of the economy such as agriculture, manufacturing and construction are “doing well”. “The Indian economy is showing resilience and is on the road to recovery. Private demand and the service sector are doing better than expected,” he said. Read more

Air India’s future market share depends on aviation sector probabilities

Air India’s plan to increase its domestic market share from the current 8.5% to 30% over the next five years depends on various factors, including the likely merger of all Tata Group airlines, the speed of airport infrastructure growth, forward cabin load factors, and the growth of new airline Akasa Air and redesigned Jet Airways. The Tata group took control of Air India on January 27. Read more

Center seeking to phase out codeine-based cough syrups, select FDCs

The Center has decided to phase out codeine-based cough syrups and certain fixed-dose drugs (FDCs) deemed “irrational”. The fate of 19 CDFs and several codeine-based cough syrups is still undecided and the Drugs Technical Advisory Board (DTAB) is discussing the matter. The industry is divided over the issue of phasing out codeine-based cough syrups, which are used by many as intoxicants. Read more

Following Prosafe SE’s (OB:PRS) latest kr302m market cap drop, institutional owners may be forced to take tough action Sat, 24 Sep 2022 06:25:25 +0000

To get an idea of ​​who actually controls Prosafe SE (OB:PRS), it is important to understand the ownership structure of the company. We can see that institutions hold the lion’s share of the business with 57% ownership. In other words, the group is likely to gain the most (or lose the most) from its investment in the business.

And institutional investors suffered the highest losses after the company’s share price fell 16% last week. The recent loss, on top of an 85% year-on-year loss to shareholders, may not be suitable for this group of investors. Often referred to as “market makers,” institutions wield significant power in influencing the price dynamics of any stock. Therefore, if Prosafe’s share price weakness persists, institutional investors may feel compelled to sell the stock, which may not be ideal for individual investors.

Let’s dig deeper into each type of Prosafe owner, starting with the table below.

Check out our latest review for Prosafe

OB: PRS Ownership Breakdown September 24, 2022

What does institutional ownership tell us about Prosafe?

Institutional investors typically compare their own returns to the returns of a commonly tracked index. They therefore generally consider buying larger companies that are included in the relevant benchmark.

We can see that Prosafe has institutional investors; and they own a good part of the shares of the company. This implies that analysts working for these institutions have reviewed the stock and like it. But like everyone else, they can be wrong. When multiple institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes wrong, multiple parties may compete to quickly sell shares. This risk is higher in a company with no history of growth. You can see Prosafe’s revenue and historical earnings below, but keep in mind there’s always more to tell.

OB:PRS Earnings and Revenue Growth September 24, 2022

Since institutional investors own more than half of the issued shares, the board will likely have to pay attention to their preferences. Hedge funds don’t have a lot of shares in Prosafe. DNB Asset Management AS is currently the company’s largest shareholder with 14% of the outstanding shares. North Sea Strategic Investments is the second largest shareholder with 14% of ordinary shares and Nordea Investment Management AB owns around 12% of the company’s shares.

To make our study more interesting, we found that the top 4 shareholders control more than half of the company, which implies that this group has a considerable influence on the decision-making of the company.

While it makes sense to study data on a company’s institutional ownership, it also makes sense to study analyst sentiment to find out which way the wind is blowing. There is a little analyst coverage of the stock, but not much. So there is room for him to gain coverage.

Prosafe Insider Ownership

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company answers to the board of directors and the latter must represent the interests of the shareholders. In particular, sometimes the senior executives themselves sit on the board of directors.

I generally consider insider ownership to be a good thing. However, there are times when it is more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of Prosafe SE. But they may have an indirect interest through a corporate structure that we have not noted. It seems that the board of directors holds about 4.2 million kr of shares. This compares to a market capitalization of 1.6 billion kr. Many tend to prefer to see a board with larger holdings. A good next step might be to take a look at this free summary of insider buying and selling.

General public property

The general public, including retail investors, owns 39% of the company’s capital and therefore cannot be easily ignored. Although this group may not necessarily make the decisions, they can certainly have a real influence on the way the business is run.

Private Company Ownership

Private companies appear to own 4.2% of Prosafe shares. It might be worth exploring this further. If related parties, such as insiders, have an interest in any of these private companies, this should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next steps:

While it is worth considering the different groups that own a business, there are other, even more important factors. Be aware that Prosafe displays 5 warning signs in our investment analysis and 4 of them are significant…

At the end of the day the future is the most important. You can access this free analyst forecast report for the company.

NB: The figures in this article are calculated using trailing twelve month data, which refers to the 12 month period ending on the last day of the month the financial statements are dated. This may not be consistent with the annual report figures for the full year.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Valuation is complex, but we help make it simple.

Find out if Prosafe is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

Order Flow Payment: SEC May Halt Before Full Ban Thu, 22 Sep 2022 18:27:57 +0000

A new analysis of PitchBook data released on Friday shows a record amount of venture capital investment flowing into post-combustion carbon capture companies and startups in the second quarter of this year. VCs invested an incredible $882.2 million across 11 deals, which easily set an industry record. For context, total investment in the sector for the previous four quarters combined totaled $432.1 million.

Post-combustion capture consists of removing carbon dioxide after it has been released. This includes point source capture – that is, the removal of carbon dioxide at the stack or wherever it is emitted – or direct air capture, which is the removal of carbon from the ‘ambiant air. The advantage of both forms over other forms of carbon capture is that they “can easily integrate (and capture carbon) with existing infrastructure,” according to PitchBook’s senior analyst analysis for emerging technologies, John MacDonagh.

Clearly, climate tech investors are taking notice. The main contributors to the major investment surge were two big deals: Climeworks’ $634.4 million Series F and Carbon Clean’s $150 million Series C, with the former being the largest investment ever in direct air capture technology. Carbon Clean also said its funding round was the largest ever for a point-source carbon capture company.

Carbon removal has a critical role to play in a net-zero world, although the amount needed depends on how quickly we reduce emissions now and in the decades to come. Industries like aviation, which are heavily dependent on fossil fuels and for which renewable energy alternatives are currently difficult or impossible to source, are part of the reason why direct air capture has taken off. magnitude.

Point-in-time carbon capture will also be crucial for industries like cement, which is responsible for 8% of global carbon emissions. Eliminating them from the manufacturing process will be extremely difficult, making carbon capture a near necessity for the industry.

While there are a growing number of companies looking to extract carbon from the skies or chimneys that attract VCs, regulations and policies are also aligning to make this a particularly attractive investment. Changes to the 45Q tax credit under the Cut Inflation Act, in particular, have made carbon capture more attractive. The IRA raised the value of carbon captured and used to extract more oil from the ground – a process with dubious climate benefits – from $35 a tonne to $60 a tonne. And it increased the tax credit for a tonne of carbon collected by direct air capture from $50 to $180.

Changes to the tax credit also lowered the eligibility threshold for projects, making it easier for small start-ups to qualify. That’s important “given the relative immaturity of the DAC space,” MacDonagh wrote, and it could help more startups get a foothold and grow.

Beyond venture capital funding, big tech companies have offered hundreds of millions up front to buy carbon removal services. This includes Frontier – Stripe, Alphabet and Meta are among its members – which has pledged to spend $925 million on zero carbon this decade. (The group made its first purchases this summer.)

As money pours into the space, technologies remain unproven at scale. And while regulations that could spur the growth of carbon capture and removal are in place, oversight is still relatively sparse. Parts of the carbon removal community are working on frameworks to ensure the technology does no harm, but a huge gap remains and any commitment would be voluntary at best.

There are also real concerns that the promise of carbon removal that works at some point could slow emissions cuts in the short term. This despite the fact that a ton of carbon not emitted today does not need to be eliminated tomorrow. Oil companies are investing heavily in carbon capture, which could give fossil fuels a lifeline or act as a front for greenwashing. (Carbon Clean’s Series C investment round was led by Chevron.)

Ultimately, venture capital investments are one piece of the puzzle in bringing the industry to maturity and ensuring it is used wisely and fairly.

Update: This story has been edited to reflect updated information on Carbon Clean’s Series C funding round amount. This story was updated on September 20, 2022.

Your Sunday briefing: a big week for policy makers Sun, 18 Sep 2022 16:07:48 +0000

(Bloomberg) — Hello, again.

It’s been quite a tough week for the markets and the next seven days might not get any easier as global policymakers need to take a stance against inflation. Here’s a little something to get you ready.

The big rate decision(s): Fed officials are on track to raise rates by 75 basis points this week. One could argue for more growth, but there are compelling arguments for not shocking the markets, writes Craig Torres. Also coming this week, Sweden’s Riksbank on Tuesday; the Swiss National Bank, Norges Bank and Bank of England, all of which are expected to rise by half a point or more on Thursday; and the Bank of Japan on Friday, when policymakers are expected to persist with an unchanged stance despite concerns over yen weakness.

The big market said to itself: Investors burned by inflation are seeing things start to get worse. Even commodities and real estate – which rallied earlier in the year even as stocks and bonds fell – are fast disappearing as safe havens, as the persistent rise in underlying inflation pushes the Fed to continue its aggressive rate hikes.

The big farewell: Queen Elizabeth’s state funeral takes place in London on Monday, bringing the days of mourning to a close (and what could be London’s longest queue). King Charles III will host a reception for visiting world leaders, including Presidents Joe Biden and Emmanuel Macron, but not Vladimir Putin.

The big meeting: Many world leaders will then travel from London to New York, where the general debate begins on Tuesday at the annual United Nations General Assembly against the backdrop of Russia’s invasion of Ukraine. Biden will also have his first bilateral meeting with new British Prime Minister Liz Truss during the week.

The Big Earnings: FedEx management will face analysts on Thursday, a week after surprising the market by withdrawing its full-year earnings forecast. Investors will also analyze other earnings reports from companies like General Mills and Costco to see how they are faring in a turbulent economic environment.

The big opinion: Democrats might be tempted to think that recent legislative successes — from the Cut Inflation Act to the partial cancellation of student debt — will give the party a midterm boost, but David A. Hopkins argues otherwise in Bloomberg Opinion. Yet President Joe Biden could use them to make the point to fellow Democrats that he deserves a shot at a second term in 2024.

The big trip: It’s not too late to book your flight to Singapore. The city-state is hosting a slew of events over the next month, including the SuperReturn summit for private equity and venture capital and Formula 1 racing, which returns after a two-year pandemic-induced hiatus. But be prepared to shell out for the privilege, with many high-end hotel rooms priced at $2,000 or more already booked. But at least you’ll know where to grab a cocktail.

ICYM our Big Take: burglaries, secret payments and double crosses – sounds like something out of a John Le Carré novel. Jordan Robertson and Drake Bennett tell how the arrest of an exhausted Chinese spy exposed Beijing’s methods of economic espionage.

The Great Empire: Still with China, Alfred Cang and Jack Farchy report on the cash flow problems facing the magnate who runs a quarter of the country’s copper trade. It is a crisis that could spread across the world.

And finally, George Cipolloni jokes that he found a “cheat code” – a term adapted from his teenage son’s video games – for the bond market. Find out how Penn Mutual Asset Management’s balanced strategy beat its benchmark in the latest episode of the “What Goes Up” podcast.

Have a good week. We meet on the other side.

©2022 Bloomberg LP

Bitcoin Price Threatens $19.6K As Ray Dalio Predicts 30% Stock Crash Fri, 16 Sep 2022 08:31:43 +0000

Bitcoin (BTC) attempted to breach local lows on September 16 as the latest downtrend between cryptos intensified.

BTC/USD 1 hour candle chart (Bitstamp). Source: Trading View

No relief for BTC bulls after the merger

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,600 at the time of writing, with support from buyers simply avoiding further decline.

The level had remained in place as an intraday floor at the end of the Ethereum merger, only to trigger a sell-off, which took Ether (ETH)/BTC to three-week lows.

ETH/BTC 1-day candle chart (Binance). Source: Trading View

Amid the gloomy mood, traders and analysts showed little inclination to reassess their market outlook.

“I’m confident with the fast pump scenario at 23k on BTC and 1800 on ETH and big dump from there,” Crypto’s Il Capo wrotereiterating a long-standing theory:

“Time will tell us.”

Warning that the situation “doesn’t look good”, meanwhile, the popular CryptoBullet account demanded a recovery of the 100-period moving average (MA) to swing higher on the 4-hour chart.

Fed rate hikes will send stocks tumbling – Dalio

After another day of losses on US equities, investor Ray Dalio drew further bearish conclusions on what the current inflationary climate would mean for markets.

Related: Ethereum Traders Shorted ETH Price in Record Numbers During Merger – 50% Crash Ahead?

In his last blog post published on September 13, Dalio predicted that the combined damage to stocks would cost them 30% of their current valuation.

“Rising interest rates will have two types of negative effects on asset prices: 1) the present value discount rate and 2) lower incomes generated by assets due to weak l ‘economy. We have to look at both,” he explained:

“What are your estimates for these?” I estimate that a rise in rates from where they are at around 4.5% will produce a negative impact of around 20% on equity prices (on average, although greater for longer duration assets and less for those with shorter duration) based on the present value discounting effect and a negative impact of around 10% from the decline in income.

This would spell danger in the highly correlated crypto markets, with Bitcoin aiming for levels closer to $10,000.

As Cointelegraph reported, this number is currently no stranger to the radar of long-range forecasters.

The Federal Reserve is expected to adopt another 75 basis point interest rate hike at next week’s meeting of the Federal Open Markets Committee (FOMC), with some market participants even expecting 100 basis points, according to data from the CME FedWatch Tool.

Fed Target Rate Probability Chart. Source: CME Group

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.