Day: 17 May 2019

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) GBP Plummets Amid Uncertainty The British pound has hit a four month low. The continued drop in value has been caused by opposing parties failing to create Brexit deal and the looming resignation of Prime Minister […]

CTA Funds See Gains in April

The Barclay CTA Index reflects a positive month for funds, gaining 0.85% in April 2019. Strong performance in recent months has allowed the Barclay CTA Index to gain 2.28% year-to-date. April also saw gains for nine out of 10 of the BarclayHedge’s CTA indices, bringing all ten into positive territory for 2019. “Four consecutive months […]

OpenFin Raises $17 Million in Funding

OpenFin has raised $17 million in its Series C funding round, which was led by Wells Fargo. OpenFin is a financial operating system whose technology has been adopted by over 1,500 major banks across 60 countries. Interoperability serves as the base of the system’s technology, allowing them to share information, intent, and context with third […]