Day: 1 January 2019

Investor Confidence Falls In December

State Street Global Exchange has released the results of the State Street Investor Confidence Index (ICI) for December 2018, showing that confidence fell 2.8 points to 79.8. This compares to November’s revised reading of 82.6.
There was a real geographical divergence in the Index, confidence among North American investors waned, with the North American ICI decreasing from 79.2 to 74.1, while the European ICI had an up-tick of 2.1 points to 94.0 and the Asia ICI increased by 8.7 points to 110.6.

Sedergreen Exits BGC

Keith Sedergreen stepped down as managing director of BGC Partners in Australia at the end of 2018 – he had been with the firm for two years having joined from a seven year career at rival inter-dealer broker Tullett Prebon.
Sedergreen, who is actively pursuing other opportunities in the financial markets industry, has been working in the inter-dealer broking space for almost 40 years including stints in London, New York, Johannesburg and Tokyo before settling in Sydney.
He is also the long-standing vice chair of ACI – The Financial Markets Association’s Committee for Professionalism, having been appointed to the position in late 2013 – in addition Sedergreen has been an active advocate for the FX Global Code, including the use of ACI’s ELAC (e-learning, attestation and certification) portal.

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