Category: traders

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Western banks doing business in China tells me there won’t be a kinetic war anytime soon.

A Reuters article posted earlier last week discussed China’s desire to open up its exchange traded funds to Western market makers. The article mentions Citadel, an alternative investment manager, and Jane Street, a trading firm. According to Reuters: “Over the last two years, Chinese authorities have issued more licences (sic) and encouraged the development of … Continue reading Western banks doing business in China tells me there won’t be a kinetic war anytime soon.

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Trading: How to cut out the noise in a DIY world.

We are in a do-it-yourself world. More people will be interested in managing their own wealth which will include trading on their own. The middleman brokers will have to shift to providing insights versus mechanical services like opening accounts and creating churn by offering new products. I have grown suspect of the narrative that middlemen … Continue reading Trading: How to cut out the noise in a DIY world.

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U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

What we are reading … U.S. Treasury. Michael Faulkender. “Yesterday, the United States Senate confirmed Michael Faulkender to be the Deputy Secretary of the United States Department of the Treasury.” — U.S. Department of the Treasury.  Note: Deputy Secretary Faulkender spent almost 17 years in academia, according to his LinkedIn profile. He also spent three … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?

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U.S.-Eastern Caribbean Interbank Market News Scan as of 11:00 am AST: Trump’s tariffs on Venezuela appears to have little impact on the Eastern Caribbean; European money supply increases.

What we are reading today … White House. Venezuela. Tariffs. “On or after April 2, 2025, a tariff of 25 percent may be imposed on all goods imported into the United States from any country that imports Venezuelan oil, whether directly from Venezuela or indirectly through third parties.  Duties imposed by this order will be … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 11:00 am AST: Trump’s tariffs on Venezuela appears to have little impact on the Eastern Caribbean; European money supply increases.

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U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

The Takeaway: Is the Eastern Caribbean legal framework preventing a trade opportunity in complimentary currency? Fractional reserve banking is the milk of the poppy that even Caribbean central banks may not be able to shake (Sorry. I have been reading A Game of Thrones). This thought popped into my mind while listening to a webinar … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

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Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST

Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Foreign exchange per the Eastern Caribbean Central Bank. USD/XCD=2.70 GBP/XCD=3.50703 EUR/XCD=2.95475 CAD/XCD=1.89095 JPY/XCD=0.01803 KWD/XCD=8.76751 AED/XCD=0.73513 NGN/XCD=0.00175 CNH/XCD=0.37372 Foreign exchange per the Central Bank of Barbados. USD/BBD=1.980000 GBP/BBD=2.545900 EUR/BBD=2.139360 CAD/BBD=1.382520 Foreign exchange per the Central Bank of Trinidad and Tobago. USD/TTD=6.7152 … Continue reading Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST

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Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?

Law Review: Has LIBOR price manipulation risk been replaced by SOFR volatility risk? Investopedia, a finance news website, defines a reference rate as an interest rate benchmark designed to set other interest rates. Reference rates may be found in mortgage agreements and sophisticated mortgage rate swaps. They act as benchmarks for the performance of a … Continue reading Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?