EST December 5, 2013 Bitcoin tokens in Sandy, Utah. (Photo: Rick Bowmer, AP) Fears of a Bitcoin bubble China bans financial institutions from trading Bitcoins Prices move under $1,000 SHARE 88 CONNECT 51 TWEET 8 COMMENTEMAILMORE The price of a Bitcoin fell below $1,000 Thursday in the wake of a statement from China’s central bank banning financial institutions from trading the virtual currency. The People’s Bank of China said in a statement on its website that Bitcoin isn’t a currency with “real meaning” and that its legal status was different to other currencies. Bloomberg reported that Bitcoins traded at $980.00 early evening Beijing time on BitStamp after trading as high as $1,138.58 prior to the announcement. The PBOC said that while China’s financial system is not currently at risk from Bitcoin trading, the digital currency does carry unacceptable risks including fostering a trading environment for excessive speculation and the threat of criminal exploitation.
The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.76% boost of extra return to the investor, or 6.02% annualized, which we refer to as the YieldBoost. Click here to find out the Top YieldBoost Calls of the Nasdaq 100 The implied volatility in the put contract example is 21%, while the implied volatility in the call contract example is 20%.
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Credit: Reuters/Ralph Orlowski LONDON (Reuters) – Deutsche Bank said on Thursday it is exiting the majority of its global commodity business due to rising regulatory pressures, becoming the latest bank to sell or scale back its operations in the once lucrative sector. Deutsche Bank will exit energy, agriculture, base metals and dry bulk trading, it said on its website, retaining only precious metals and a limited number of financial derivatives traders. The move comes as the financial sector’s role in commodity trading has been squeezed by lower margins, higher capital requirements, and growing political and regulatory scrutiny of the role of banks in the natural resources supply chain. “The decision to refocus our commodities business is based on our identification of more attractive ways to deploy our capital and balance sheet resources,” said Colin Fan, co-head of Corporate Banking & Securities at Deutsche Bank, in a statement. “This move responds to industry-wide regulatory change and will also reduce the complexity of our business.” JPMorgan put its physical commodities trading business up for sale this summer, and Morgan Stanley has been looking at a spin-off or divestment of its commodities arm for almost two years.
http://www.etftradingsignals.com per Employee 20,150,000 More quote details and news 5202.TO in Your Value Your Change Short position it obtained from underwriter J.P. Morgan Chase JPM -1.89% JPMorgan Chase & Co. U.S.: NYSE $56.11 -1.08 -1.89% Dec. 5, 2013 11:30 am Volume (Delayed 15m) : 7.95M P/E Ratio 12.62 Market Cap $214.99 Billion Dividend Yield 2.71% Rev.
21, saying trading had become more stable. UOB-Kay Hian Holdings Ltd. (UOBK) , Singapores largest brokerage with about 800 brokers, has 53 stocks in its restricted trading list, including Asiasons, Blumont and LionGold, according to a document obtained by Bloomberg. Lim & Tan Securities Pte. has restrictions on 58 stocks, while Maybank Kim Eng Securities has 26 stocks on its list, documents show. The FTSE Straits Times Fledgling Index of Singapores smallest listed stocks by market value has 319 members .