Australia Dollar well above expectation

The Australian Dollar is performing well on the news of banks being prepared for stress tests by increases in the cash reserve requirements. Westpac was the first to jump the gun increasing borrowing rates by 20 basis points and deposit rates by 25 basis points. Westpac is forcing the RBA to act as economists realise […]

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An IPO for High Frequency Trading firm Virtu Financial $314m

The plan has been in play for a long time but the bestseller “The Flash Boys” has meant that this IPO was put on hold for 1 year. Virtu thinks that the negative publicity is long gone and investors are ready to take up the IPO given financial results. Virtu is seeking a valuation of […]

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