According to a Bernstein research note, artificial intelligence is making financial markets more efficient by speeding up analysis but also introduces risks like synchronized trading and feedback loops that could lead to more severe market dislocations.
Artificial intelligence is improving price discovery and research capabilities in financial markets, but it also introduces new risks of synchronized trading and severe dislocations, according to a research note from Bernstein.
A Qatari delegation has arrived in Iran in an effort to de-escalate regional hostilities following a recent spike in tensions, according to Iranian state media. The visit is reportedly being coordinated with the United States.
The International Maritime Organization's governing council has condemned Iran's creation of an authority to control traffic in the Strait of Hormuz, a critical chokepoint for global oil supplies.
A court in Tbilisi has sentenced Aleko Elisashvili, a founder of the Citizens party, to 13 years in prison for attempted terrorism, a verdict that comes amid rising concerns over democratic backsliding in the country.
Multi-asset broker Vantage has launched XAUUSD247, a new Contract for Difference (CFD) product enabling eligible clients to trade gold around the clock, including on weekends. The offering features a smaller contract size and built-in risk management controls.
The Canadian dollar strengthened against its U.S. counterpart after the domestic economy added significantly more jobs than forecast in June, reinforcing expectations for the Bank of Canada to hold interest rates steady.
Analysts at Bernstein view Bitcoin's current 54% price correction as a positive sign of market maturity, noting it is significantly shallower than the 75-90% drawdowns seen in previous cycles.
Global digital asset firm BTSE Group has entered the Indonesian market by launching a regulated crypto exchange through a joint venture. The new entity, BTSE Indonesia, is licensed by the country's financial authority and will offer local currency trading pairs.
