Day: 25 August 2020

US August Confidence Falls Further as Concerns Grow

The Conference Board’s US consumer confidence index fell to a reading of 84.8 in August from a downward revised 91.7 reading in July. The Conference Board noted that concerns about both employment and business conditions were heightened in the month. Analysts had expected the August index to rise slightly to 93.0 from the originally reported […]

Jefferies Pares Down FX

Jefferies cut its global electronic FX business, including marketing making and algos, but is keeping its FX prime broking and FX voice businesses, according to sources. These sources say New York-based Michael Porzio, SVP and eFX product manager, and SVP Shawn Egger, as well as London-based Tom Robinson, MD and head of European FX sales, […]

ConsenSys Acquires JP Morgan’s Blockchain Platform

Blockchain software company ConsenSys today announced the acquisition of Quorum, an enterprise-variant of the Ethereum blockchain launched by JP Morgan (JPM) in 2016. The two firms have a history of collaboration after leading the creation of the Enterprise Ethereum Alliance, whose aim is to bring a Mainnet Ethereum client, Hyperledger Besu, to the Linux Foundation, […]

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