24 Exchange Crosses $1B Mark in Forex NDFs ADV in January
The average daily volume (ADV) of forex non-deliverable forwards (NDFs) traded on 24 Exchange hit over $1 billion in January 2023, Dmitri Galinov, the Chief Executive Officer of the Bermuda-based multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When […]
Recession is coming but the ISM does not mark the start of it – Wells Fargo
The ISM Service PMI for December released on Friday came in below expectations and triggered fears about a hard landing of the economy. Analysts at Wells Fargo forecast a recession is coming but they point out that this report does not market the start of it. Key quotes: “One unsettling takeaway from today’s services ISM […]