Gold wiped out gains for the week and silver tumbled the most since September last year as US Treasury yields extended a rally and the US dollar recovered.
Silver lost as much as 9.8 percent, while gold fell as much as 4.5 percent, the most since November last year.
The US dollar erased losses amid higher 10-year Treasury yields, which are raising the prospect of a pause in the currency’s recent slide.
Higher rates diminish the appeal of bullion, which does not offer interest.
Gold, which posted its biggest annual gain in a decade last year, has swung sharply since the start
Ballinger & Co and ED&F MAN Capital Markets form partnership
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06/01/2021 - 10:45am
Foreign exchange specialist Ballinger & Co (Ballinger) has entered into a partnership with global financial brokerage ED&F Man Capital Markets Ltd (MCML).
The collaboration combines Ballinger’s deliverable Foreign Exchange offering for corporate and institutional clients with MCML’s capital markets expertise, tier-one settlement capabilities and global footprint.
As part of the relationship, MCML will provide spot and forward FX liquidity to Ballinger, enhancing their capacity to offer flexible terms to clients via a credit facility. In total, Ballinger has secured GBP10 million of new funding and facilities from ED&F Man Capital Markets and other undisclosed investors.
WatersTechnology.com
A summary of some of the past week s financial technology news.
Jyske Capital Extends SimCorp Partnership
Investment management provider SimCorp announced a new agreement with Jyske Capital, the asset management arm of Denmark’s Jyske Bank Group. The firm is extending its use of SimCorp Dimension in the front office, with the addition of its order management solution.
With SimCorp Dimension already in place as the foundation for Jyske Capital’s investment operations, the addition of SimCorp’s Order Manager aims to deliver consolidated and enhanced trade management.
Former JP Morgan Private Bank Leadership Launches Wealth Management Platform
ED&F Man Capital Markets and Vela Collaborate on US Equities and Equity Options Execution Offering direktbroker.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from direktbroker.de Daily Mail and Mail on Sunday newspapers.
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ED&F Man Capital Markets and Vela collaborate on US Equities and Equity Options execution offering
Vela adds ED&F Man Capital Markets’ smart order routing to its execution platforms to deliver tailored cross-asset market access solutions for algorithmic and quantitative traders
New York, Chicago, London – December 15, 2020 – Vela, a leading independent provider of data and execution technology for global multi-asset electronic trading, announces that it is now offering execution services for US Equities and Equity Options.
The new execution capabilities are available on Vela’s low-latency DMA Platform as well as its automated trading and market making front-end, Metro. Market access is offered through ED&F Man Capital Markets; Chicago-based GalNet Asset Management is the first client live on Metro with order routing via ED&F Man Capital Markets.