Shorter Trading HoursTrader Digest: Prepare for Shorter Trading Hours. Photo: Pixabay

Trader Digest: Prepare for Shorter Trading Hours

Trader Digest is a round up of all our latest reading, listening and video recommendations, tailored to traders. In this month's bumper edition we're considering shorter trading hours, learning of another rogue trader in Singapore, and finding out the market ramifications of the dramatic Thomas Cook collapse...

Reading List

How shorter trading hours would impact life in the City
"Leaked early-stage proposals to shorten stock market trading hours have set tongues wagging in the City about the ramifications." Evening Standard

‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust
"A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a press release." Yahoo Finance

Bitcoin Is Growing Up as Deliverable Futures Start Trading
"Bitcoin is growing up. Monday marks the debut of futures contracts offered by Intercontinental Exchange Inc. that can result in delivery of the digital currency, a new chapter in Bitcoin’s tumultuous 10-year history." Bloomberg

Thomas Cook’s liquidation wipes out travel company worth £1.85 billion just 18 months ago
"Thomas Cook shares were halted Monday as the travel company filed for liquidation, wiping out a company worth over £1.85 billion ($2.3 billion) little more than a year ago." MarketWatch

Thomas Cook Collapse Sets Up $250 Million Hedge Fund Windfall
"Not everyone lost out with the collapse of 178-year-old Thomas Cook Group Plc that put 21,000 jobs at risk and left travelers around the world stranded. Speculators including Sona Asset Management and XAIA Investment GmbH stand to earn as much as $250 million from the bankruptcy." Bloomberg

London overtakes India’s financial capital in rupee trading
"Average daily volumes for rupee in the UK soared to $46.8 billion in April." Economic Times

Global daily forex trading at record $6.6 trillion as London extends lead
"Global daily currency turnover surged to a record $6.6 trillion, with London shrugging off Brexit uncertainty to extend its lead as the world’s dominant trading hub." Reuters

Jack Dorsey's Square Is Testing a New Free Stock-Trading Service
"Jack Dorsey’s Square Inc. already lets customers buy and sell Bitcoin on its popular Cash App. Soon, it may let them buy and sell stocks. Square is testing out a new Cash App feature that would enable users to make free stock trades" Bloomberg

Trading Truths #8: Trading For A Living
"Before quitting the day job, our latest Trading Truths article spells out some of the key considerations traders would be foolish to overlook..."

Trading Truths #8: Trading For A Living

For the Headphones

How to Become a Better Forecaster of the Future
"Every day, people are bombarded with predictions of what will happen in the future. In recent months, talk of ’inflection points’ in the markets has heated up, and the possibility of the U.S. economic expansion, now the longest in history, coming to an end is being actively discussed. But how do we know if such predictions are good ones? And how can we learn to be better forecasters ourselves?" Bloomberg Odd Lots

The Missing Cryptoqueen
"Dr Ruja promised financial revolution. And then, two years ago, she disappeared. Why?" BBC Sounds

What to Watch

7 ways Apple makes its keynote presentations so engaging
"Apple has been holding this style of presentation for over 20 years. But it isn't just showing new products; it's telling a story. Over the years, the presentation has gotten flashier, but the story hasn't changed." Business Insider

Prince Harry joins Sadiq Khan and Jimmy Carr on trading floor to honour victims of 9/11 attacks
"BGC Partners hosts the annual BGC Charity Day at its Canary Wharf offices, in partnership with Cantor Fitzgerald, which lost two thirds of its staff in the attacks on the New York World Trade Centre in 2001. London Mayor Sadiq Khan, Comedian Jimmy Carr and cricketer Monty Panesar were some of the public figures who joined Harry on the trading floor where, under the guidance of brokers, they competed in closing deals with clients over the phone." Evening Standard