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US Buy-Side Firms Will Route 87% of Futures Trading Through Electronic Channels in 2012 as Adoption Accelerates, TABB Says [Press Release]

March 7, 2012 by mikeohara   Comments (0)

NEW YORK & LONDON, Mar 06, 2012 (BUSINESS WIRE) -- US buy-side firms are increasing their use of electronic trading tools for futures trading as their volumes continue to grow and they look for more efficient execution processes. Buy-side traders are embracing DMA and algorithmic-trading channels with volume routed through these channels accounting for the vast majority of trading, according to TABB Group in an annual benchmark research study, "US Futures Trading 2012: Buy-Side Demands in an Evolving Marketplace."

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National Bank of Poland Keeps Rate on Hold at 4.50%

March 7, 2012 by CentralBankNews   Comments (0)

The Narodowy Bank Polski's Monetary Policy Council maintained its benchmark 7-day interest rate on hold at 4.50%.  The Bank said: "The Council decided to keep the NBP interest rates unchanged. The Council does not rule out the possibility of further monetary policy adjustments in the future, should the positive signs of economic activity in Poland continue and the outlook for inflation returning to the target fail to improve."

The Bank also kept the following interest rates unchanged: the rediscount rate at 4.75%, the Lombard rate at 6.00%, and the deposit rate at 3.00%.  The Bank last raised the interest rate by 25 basis points to 4.50% in June last year, and held the interest rate unchanged at its previous meeting.  

Poland reported annual headline inflation of 4.1% in January, 4.6% in December, 3.9% in September, compared to 4.3% in August, 4.1% in July, with previous readings of 4.2% in June, 5% in May, 4.5% in April, 4.3% in March, and just higher than the Bank's official inflation target of 2.5% +/- 1%.  


The Polish Zloty (PLN) has weakened by about 11% against the US dollar over the past year; the USDPLN exchange rate last traded around 3.17.  The National Bank of Poland next meets on the 4th of April 2012.

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NYCFacets Wants To Be the Key to the Digital City of New York’s Future

March 7, 2012 by Jenz514   Comments (0)

Last week the New York City Council gave its nod of approval to legislation that would require city agencies to publish public data sets in a common format on an online portal for the public’s use. Mayor Bloomberg is expected to sign off on it, with the Open Data Bill legislation then being phased in over six years.

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