more than three months ago leaving traders scratching their heads across both sides of the Atlantic, but for London-based Vega Capital London, the crash landed them a jackpot of $500 million, Bloomberg reported Tuesday.
With storage limited thanks to plunging demand due to coronavirus lockdowns, traders rushed to sell their contracts, with some paying to have others take it off their hands. That in turn pushed prices below zero.reported, citing people familiar with the matter who spoke on the basis of anonymity, that a number of Vega traders sold the May contract just before it settled at 2.30 p.m. New York time, netting massive gains.
The Financial Conduct Authority, the UK's regulator, and a number of US regulators such as the US Commodity Futures Trading Commission and CME Group, which owns the Nymex exchange where trading took place, are investigating whether Vega violated any rules and contributed to oil's historic plunge, people familiar with the matter said.
When contacted by Bloomberg, the CFTC declined to comment but said it is due to release a report on the oil market crash at a later point in the year. These 16 global stocks have at least 20% upside in the next year — and they'll continue to thrive as COVID-19 accelerates a crucial technological shift, UBS says
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Off-grid Maui home owned by former oil exec for sale: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ✅ Luxury ✅ Eco-friendly ✅ Prime location Love it!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
A doctored video that makes Nancy Pelosi appear drunk went viral on Facebook — again - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. wtf? its pretty obvious that she's always drunk like common Its sad that it can be taken seriously Plenty of other videos. It is well known around DC that her and Harry Reid are huge alcoholics.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
5 reasons why US housing market will stay strong through the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Why the housing market may not see a V-shaped recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CLICK BAIT POST
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
How I won a bidding war for a home without making the highest offer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »