Amazon Alexa is luring health developers, but it will be a while before we use it to call a doctor

If you want to schedule a doctor’s appointment or check on the status of a medication without picking up the phone, Amazon Alexa can help. As of this week, the voice assistant is HIPAA compliant, which means Amazon can work with hospitals and other health providers that manage protective health data to share personal information on an Echo. Currently, Amazon is working with applications on an invite-only basis, and none of the initial six developers link patients with doctors. “It’s tricky,” sai


If you want to schedule a doctor’s appointment or check on the status of a medication without picking up the phone, Amazon Alexa can help. As of this week, the voice assistant is HIPAA compliant, which means Amazon can work with hospitals and other health providers that manage protective health data to share personal information on an Echo. Currently, Amazon is working with applications on an invite-only basis, and none of the initial six developers link patients with doctors. “It’s tricky,” sai
Amazon Alexa is luring health developers, but it will be a while before we use it to call a doctor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: christina farr, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, theres, health, wrong, amazon, developers, information, consults, working, luring, alexa, medical, doctor, week


Amazon Alexa is luring health developers, but it will be a while before we use it to call a doctor

If you want to schedule a doctor’s appointment or check on the status of a medication without picking up the phone, Amazon Alexa can help.

As of this week, the voice assistant is HIPAA compliant, which means Amazon can work with hospitals and other health providers that manage protective health data to share personal information on an Echo.

But what users can’t do yet is connect with a doctor or a therapist through the device, and it might be a few years before they can. Currently, Amazon is working with applications on an invite-only basis, and none of the initial six developers link patients with doctors.

Developers focused on digital health have concerns about using home speakers like the Echo and Google Home for medical consults because privacy issues continue to emerge and there’s too much risk in sensitive health information falling into the wrong hands. Earlier this week, Bloomberg reported that thousands of employees listen in to snippets of conversations on Alexa to supposedly improve the product experience.

“It’s tricky,” said Robbie Cape, CEO of 98point6, a Seattle-based company that provides virtual medical consults via smartphones and the web. “To uphold user trust, I can imagine that Amazon Alexa would need to confirm they’re talking to the right person, but also that there’s no one else in the room listening to the conversation.”


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: christina farr, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, theres, health, wrong, amazon, developers, information, consults, working, luring, alexa, medical, doctor, week


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‘Imagine the US being governed by Mexico?’: Why some UK lawmakers hated the Brexit deal

The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote. The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament. Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal. “Imagine in America if the American people


The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote. The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament. Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal. “Imagine in America if the American people
‘Imagine the US being governed by Mexico?’: Why some UK lawmakers hated the Brexit deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: holly ellyatt, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, agreement, conservative, america, deal, governed, imagine, uk, lawmakers, mexico, brexit, parties, court, hated, rejected, majority, told


'Imagine the US being governed by Mexico?': Why some UK lawmakers hated the Brexit deal

The U.K.’s Brexit deal with the European Union is dead in the water after a majority of lawmakers rejected the withdrawal agreement in a crucial vote.

The agreement was rejected by 149 votes — which included 75 members of U.K. Prime Minister Theresa May’s own Conservative Party and the majority of opposition parties in Parliament.

Lawmakers from each of the main political parties in the U.K. told CNBC why they were so compelled to vote against the deal.

“Imagine in America if the American people found themselves governed by, shall we say, a mixture of Canada, Mexico and South America over and above Congress and that the Supreme Court itself would be subject to a superior court — they just simply couldn’t even believe it was happening,” Bill Cash, a Conservative Member of Parliament (MP) and a prominent Brexiteer told CNBC Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: holly ellyatt, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, agreement, conservative, america, deal, governed, imagine, uk, lawmakers, mexico, brexit, parties, court, hated, rejected, majority, told


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Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says

The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to. “This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.” Read the WSJ story here.


The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to. “This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.” Read the WSJ story here.
Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: hugh son, luke macgregor, toni l sandys, the washington post, getty images
Keywords: news, cnbc, companies, standards, bank, unit, wrongway, unwound, tothis, wsj, transaction, told, buffett, warren, trade, single, billion, deutsche, ultimately, involving, lost


Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says

The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to.

“This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.”

Read the WSJ story here.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: hugh son, luke macgregor, toni l sandys, the washington post, getty images
Keywords: news, cnbc, companies, standards, bank, unit, wrongway, unwound, tothis, wsj, transaction, told, buffett, warren, trade, single, billion, deutsche, ultimately, involving, lost


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Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says

The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to. “This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.” Read the WSJ story here.


The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to. “This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.” Read the WSJ story here.
Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: hugh son, luke macgregor, toni l sandys, the washington post, getty images
Keywords: news, cnbc, companies, standards, bank, unit, wrongway, unwound, tothis, wsj, transaction, told, buffett, warren, trade, single, billion, deutsche, ultimately, involving, lost


Deutsche Bank lost $1.6 billion on a single trade involving Warren Buffett, WSJ says

The bank’s executives debated up until last year whether it should have restated previous earnings based on the wrong-way trade, ultimately deciding not to.

“This transaction was unwound in 2016 as part of the closure of our Non-Core Operations” unit, a bank spokesman told the Journal. “External lawyers and auditors reviewed the transaction and confirmed it was in line with accounting standards and practices.”

Read the WSJ story here.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: hugh son, luke macgregor, toni l sandys, the washington post, getty images
Keywords: news, cnbc, companies, standards, bank, unit, wrongway, unwound, tothis, wsj, transaction, told, buffett, warren, trade, single, billion, deutsche, ultimately, involving, lost


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HSBC and Goldman Sachs back fintech firm Bud’s Series A funding round

British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs. Proponents of open banking say that it will increase competition in the industry and benefit consumers, giving them more choice over who they bank with. “The market dynamic is such that open banking is a much bigger change for banks than I think people realize,” he told CNBC. “Open banking essentially allows the customer to get their banking data and make payments from an


British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs. Proponents of open banking say that it will increase competition in the industry and benefit consumers, giving them more choice over who they bank with. “The market dynamic is such that open banking is a much bigger change for banks than I think people realize,” he told CNBC. “Open banking essentially allows the customer to get their banking data and make payments from an
HSBC and Goldman Sachs back fintech firm Bud’s Series A funding round Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: ryan browne, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, series, customer, round, sabadell, hsbc, fintech, buds, banking, open, data, venture, firm, investec, sachs, banks, goldman, services, funding


HSBC and Goldman Sachs back fintech firm Bud's Series A funding round

British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs.

The London-based company’s platform lets banks update their apps to give users access to financial services products from rivals. Banks can also categorize a customer’s spending data using Bud’s technology to help them find more cost-efficient products.

Its offering is part of an emerging theme in the world of fintech known as “open banking,” which essentially means banks sharing their customer data with third-party providers to enable them to create new financial products.

Proponents of open banking say that it will increase competition in the industry and benefit consumers, giving them more choice over who they bank with.

Ed Maslaveckas, Bud’s co-founder and chief executive, said in an interview that the sector has seen a “massive shift” from a focus on competitive rates and services to a digital-oriented customer experience and a “marketplace” banking model.

“The market dynamic is such that open banking is a much bigger change for banks than I think people realize,” he told CNBC. “Open banking essentially allows the customer to get their banking data and make payments from any app or service of their choosing.”

Bud’s Series A funding round — an early-stage investment — also got backing from other big lenders including Australia’s ANZ, South Africa’s Investec and Spain’s Banco Sabadell. Investec invested through its venture fund INVC while Banco Sabadell participated via its venture arm InnoCells.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: ryan browne, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, series, customer, round, sabadell, hsbc, fintech, buds, banking, open, data, venture, firm, investec, sachs, banks, goldman, services, funding


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Brexit might overshadow earnings as the biggest risk to markets Tuesday

Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction. She would also be at risk of a no-confidence vote, and parliament could seize the process of forming a Brexit plan. “If the government gets crushed, then you have a big risk off move,” said Michael Schumacher, director of rate strategy at Wells Fargo. Chandler said the odds have shifted away from a “no deal” Brexit in which Britain exits the E.U


Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction. She would also be at risk of a no-confidence vote, and parliament could seize the process of forming a Brexit plan. “If the government gets crushed, then you have a big risk off move,” said Michael Schumacher, director of rate strategy at Wells Fargo. Chandler said the odds have shifted away from a “no deal” Brexit in which Britain exits the E.U
Brexit might overshadow earnings as the biggest risk to markets Tuesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: patti domm, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, brexit, plan, think, earnings, biggest, uk, overshadow, markets, parliament, likely, market, vote, risk, chandler


Brexit might overshadow earnings as the biggest risk to markets Tuesday

Prime Minister Theresa May’s Brexit plan is widely expected to fail in parliament Tuesday, but the defeat could still trigger a violent market reaction.

“We could see knee-jerk volatility. She could lose by a historic margin. This could be a historic loss by the government,” said Marc Chandler, Bannockburn Global Forex chief market strategist. Chandler said the U.K. government has only ever had three votes go down in parliament by more than 100 votes, and this could be a fourth.

U.S. strategists are watching the vote closely, and the outcome could be announced sometime in the afternoon east coast time. If the vote fails, May then has three days to come up with an alternative way to move forward to separate the U.K. from the European Union. She would also be at risk of a no-confidence vote, and parliament could seize the process of forming a Brexit plan.

“If the government gets crushed, then you have a big risk off move,” said Michael Schumacher, director of rate strategy at Wells Fargo. “If it’s a close defeat, you might see equities do okay.” He said there could be a big move in short-end Treasury yields if the vote and headlines around it trigger a big flight to quality.

Schumacher said handicapping the aftermath of the vote is difficult, but a closer vote could signal that the government is more likely to work out a compromise exit plan. On the other hand, the public could also be given another referendum to remain in the European Union.

“It’s Pandora’s box. We talk to clients in the U.K. They don’t know what to expect,” said Schumacher.

Either way, the already volatile markets could be on edge going into the vote.

“I think it’s a tough headline, but it’s another step along the road of them having to come to the best agreement they can before March 29,” said David Bianco, chief investment officer Americas, DWS. “Maybe when it fails it causes them to amend it a little bit, which is what we expect. We don’t think they put a referendum to the public.”

Sterling has been rising ahead of the vote and reached 1.293 against the dollar Monday in U.S. trading, its highest since Nov. 15.

“I think the market’s a little ahead of the news media. The market has already adjusted,” Chandler said. He said the wild card will be how long it will take to come up with a plan B, adding the market has probably already priced in the failed vote. The European Union is also unlikely to demand Brexit stick to its schedule, and it could be delayed while a new plan is worked out.

“Sterling got up to almost 1.30 today. A Brexit with a no-deal divorce is not the most likely scenario even if the government loses the vote, and perhaps ultimately May is right that if a withdrawal vote is rejected, it’s more likely you don’t get a Brexit than if you get a Brexit with no agreement,” Chandler said.

Chandler said the odds have shifted away from a “no deal” Brexit in which Britain exits the E.U. with no rules or plan, hurting the economy and leaving all sorts of things, like trade with Europe, in chaos.

“In order for sterling to continue to outperform, the risk of a ‘no deal’ has to be minimized. Last week, an amendment passed that said they can’t spend any money on preparation for a no-deal exit,” Chandler said.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: patti domm, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, brexit, plan, think, earnings, biggest, uk, overshadow, markets, parliament, likely, market, vote, risk, chandler


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Bitcoin drops 8% to kick off December

Bitcoin is kicking off the last month of 2018 with another downward drop. At this time last year, bitcoin was beginning its climb to almost $20,000 and ended last December up 40 percent. But the tail end of this year has been a different story: Bitcoin is now down 73 percent since the beginning of January. Twenty-four-hour trading volumes are down 56 percent since Jan. 1, while the entire cryptocurrency market capitalization has fallen 80 percent. XRP, the world’s second-largest by market value,


Bitcoin is kicking off the last month of 2018 with another downward drop. At this time last year, bitcoin was beginning its climb to almost $20,000 and ended last December up 40 percent. But the tail end of this year has been a different story: Bitcoin is now down 73 percent since the beginning of January. Twenty-four-hour trading volumes are down 56 percent since Jan. 1, while the entire cryptocurrency market capitalization has fallen 80 percent. XRP, the world’s second-largest by market value,
Bitcoin drops 8% to kick off December Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: kate rooney, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, market, cryptocurrency, value, worlds, kick, xrp, fell, bitcoin, drops, volumes, according, beginning


Bitcoin drops 8% to kick off December

Bitcoin is kicking off the last month of 2018 with another downward drop.

After ending November deeply in the red, the world’s largest cryptocurrency fell as much as 8 percent on Monday to a low of $3,790.96, according to data from CoinDesk.

At this time last year, bitcoin was beginning its climb to almost $20,000 and ended last December up 40 percent. It entered its hot streak just after Thanksgiving last year, surging in price largely because retail investors were buying in.

But the tail end of this year has been a different story: Bitcoin is now down 73 percent since the beginning of January. Twenty-four-hour trading volumes are down 56 percent since Jan. 1, while the entire cryptocurrency market capitalization has fallen 80 percent.

Other cryptocurrencies also fell on Monday. XRP, the world’s second-largest by market value, was down 5 percent, according to CoinMarketCap. Ether fell 8 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: kate rooney, luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, market, cryptocurrency, value, worlds, kick, xrp, fell, bitcoin, drops, volumes, according, beginning


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Spanish oil company Cepsa postpones bumper IPO, blames market rout

Spain’s Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets. Spain’s IBEX stock market index registered its biggest weekly fall since February at Friday’s close, and remains at two-year lows. “The most recent international economic developments have sowed considerable uncertainty in international capital markets,” Cepsa said in a statement. Mubadala will consider returning to the stock market


Spain’s Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets. Spain’s IBEX stock market index registered its biggest weekly fall since February at Friday’s close, and remains at two-year lows. “The most recent international economic developments have sowed considerable uncertainty in international capital markets,” Cepsa said in a statement. Mubadala will consider returning to the stock market
Spanish oil company Cepsa postpones bumper IPO, blames market rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, blames, stock, postpones, rout, selloff, market, company, plans, bumper, sonae, spanish, cepsa, uncertainty, ipo, global, international, oil


Spanish oil company Cepsa postpones bumper IPO, blames market rout

Spain’s Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.

Cepsa’s owner, Abu Dhabi state investor Mubadala, had planned to raise about 2 billion euros ($2.3 billion) by selling 25 percent of Cepsa.

Markets have been roiled by anxiety about a potential trade war between the United States and China, uncertainty over Britain’s exit from the European Union, a global economic slowdown and higher U.S. interest rates.

Spain’s IBEX stock market index registered its biggest weekly fall since February at Friday’s close, and remains at two-year lows. The index opened down 0.15 percent on Monday.

“The most recent international economic developments have sowed considerable uncertainty in international capital markets,” Cepsa said in a statement.

“In this scenario, the appetite of international investors has retracted significantly, along with their willingness to participate in stock market listings such as the one being carried out by Cepsa,” it said.

Mubadala will consider returning to the stock market when conditions become more favourable, Musabbeh Al Kaabi, chief executive of Mubadala’s Petroleum and Petrochemicals platform, said.

“The feedback from potential investors reinforced our view of Cepsa’s value and the strengths of the underlying business,” Al Kaabi said in a statement.

Cepsa’s float would be the biggest by an oil company in terms of proceeds since Brazil’s OGX Petroleo e Gas in 2008.

IPO plans globally have been hit by market turmoil.

Last Friday alone, Tencent Music Entertainment, the owner of China’s most popular music app, delayed a U.S. share offering, sources said, and Portuguese holding company Sonae cancelled plans to list shares in food retail unit Sonae MC. Dutch car leasing company Leaseplan also shelved plans to float in Amsterdam, blaming a global sell-off in equity markets.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, blames, stock, postpones, rout, selloff, market, company, plans, bumper, sonae, spanish, cepsa, uncertainty, ipo, global, international, oil


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Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Yale’s well-known chief investment officer, David Swensen, who manages the school’s $29.4 billion endowment, has invested in two funds dedicated to cryptocurrencies, sources told CNBC. In addition to storing cryptocurrencies, Fidelity Digital Assets will use an existing internal crossing engine and smart order router for trade execution. Th


Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Yale’s well-known chief investment officer, David Swensen, who manages the school’s $29.4 billion endowment, has invested in two funds dedicated to cryptocurrencies, sources told CNBC. In addition to storing cryptocurrencies, Fidelity Digital Assets will use an existing internal crossing engine and smart order router for trade execution. Th
Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: kate rooney, jb reed, bloomberg, getty images, yu chun christopher wong, source, fidelity investments, luke macgregor
Keywords: news, cnbc, companies, weve, cryptocurrency, invest, parts, order, easier, pros, long, hedge, cryptocurrencies, funds, say, security, university, fidelity, router


Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn’t part of that statistic. Its custody solution will include vaulted “cold storage,” which involves taking the cryptocurrency offline, and multilevel physical and cyber controls, among other security protocols that have been created leveraging Fidelity’s security principles from other parts of the business.

“You might look at the crypto world and say, ‘Wow, is this a new thing?’ but we’ve been managing key materials for a long time,” Jessop said. “We took our learnings in how to run enterprise security, then through our exploration of bitcoin and some of the people we’ve hired, quickly developed some of the crypto native expertise and federated the two of those things.”

Despite a slump in prices and news of hacks and fraud, acceptance among institutions for cryptocurrency is growing.

Yale’s well-known chief investment officer, David Swensen, who manages the school’s $29.4 billion endowment, has invested in two funds dedicated to cryptocurrencies, sources told CNBC. Other endowments — for Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina — have also reportedly made allocations in at least one cryptocurrency fund, The Information reported.

The move by Fidelity may encourage more to do so.

In addition to storing cryptocurrencies, Fidelity Digital Assets will use an existing internal crossing engine and smart order router for trade execution. This order router will allow Fidelity institutional customers to execute trades for bitcoin, ether and other assets at multiple market venues. While Jessop didn’t say which ones, he said cryptocurrency exchanges have to comply with the same “Fidelity standard” applied in other parts of the business.

“We have a pretty extensive onboarding procedure for these types of counterparties, which involves diligence on their financial strength as well as their regulatory procedures like ‘know your customer’ and anti-money laundering,” he said. “We are certainly only going to connect to those counterparties that we feel good about.”


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: kate rooney, jb reed, bloomberg, getty images, yu chun christopher wong, source, fidelity investments, luke macgregor
Keywords: news, cnbc, companies, weve, cryptocurrency, invest, parts, order, easier, pros, long, hedge, cryptocurrencies, funds, say, security, university, fidelity, router


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DUP leader prefers no Brexit deal to EU “annexation” of Northern Ireland

The head of the Northern Irish party that props up British Prime Minister Theresa May’s government said on Saturday she would prefer no Brexit deal to a bad deal, describing current plans as amounting to “the annexation of Northern Ireland” by the EU. “I fully appreciate the risks of a ‘no deal’ (Brexit) but the dangers of a bad deal are worse,” Foster wrote in an article in the Belfast Telegraph published on Saturday. It would be the permanent annexation of Northern Ireland away from the rest o


The head of the Northern Irish party that props up British Prime Minister Theresa May’s government said on Saturday she would prefer no Brexit deal to a bad deal, describing current plans as amounting to “the annexation of Northern Ireland” by the EU. “I fully appreciate the risks of a ‘no deal’ (Brexit) but the dangers of a bad deal are worse,” Foster wrote in an article in the Belfast Telegraph published on Saturday. It would be the permanent annexation of Northern Ireland away from the rest o
DUP leader prefers no Brexit deal to EU “annexation” of Northern Ireland Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, annexation, dup, ireland, eu, mays, uk, backstop, northern, leader, prefers, deal, party, brexit, british


DUP leader prefers no Brexit deal to EU

The head of the Northern Irish party that props up British Prime Minister Theresa May’s government said on Saturday she would prefer no Brexit deal to a bad deal, describing current plans as amounting to “the annexation of Northern Ireland” by the EU.

British and European Union negotiators this month have accelerated the push for a Brexit deal but talks remain snagged on the issue of the border between Northern Ireland, which is part of the UK, and the Irish Republic, an EU member state.

In the absence of a comprehensive EU-UK trade partnership after Brexit, the EU is seeking a “backstop” arrangement whereby Northern Ireland would effectively remain subject to the bloc’s regulations to avoid a hard border on the island of Ireland.

But the DUP, whose support May needs to pass legislation in the British parliament, vehemently opposes any proposals under which the province would be treated differently to the rest of the UK.

“I fully appreciate the risks of a ‘no deal’ (Brexit) but the dangers of a bad deal are worse,” Foster wrote in an article in the Belfast Telegraph published on Saturday.

“This backstop arrangement would not be temporary. It would be the permanent annexation of Northern Ireland away from the rest of the United Kingdom and forever leave us subject to rules made in a place where we have no say,” she added.

Britain wants any ‘backstop’ arrangement to be time-limited. Hardline supporters of Brexit in May’s ruling Conservative Party fear it could be used to keep the whole UK inside a customs union indefinitely with the EU.

The EU is opposed to any specific cut-off date.

Foster said her party, which has 10 lawmakers in the UK parliament, was not bluffing in its tough stance on the talks.

“This is no game. Anyone engaging in this in a light-hearted way foolishly fails to grasp the gravity of the decisions we will make in the coming weeks,” Foster said.

“The coming days, weeks and months will be critical. The decisions taken will shape the type of Northern Ireland that our grandchildren will live in.”

Foster said she wanted to secure a deal that would work for both Northern Ireland and the Republic of Ireland and said she would travel to Dublin for talks on Monday.

In an article in another Northern Ireland newspaper, the Belfast News Letter, former British foreign minister Boris Johnson also took aim at the backstop, describing May’s agreement to accept a backstop as a “dreadful mistake”.

“The only way to put things back on the right track is to ditch the backstop…,” Johnson wrote.


Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: luke macgregor, bloomberg, getty images
Keywords: news, cnbc, companies, annexation, dup, ireland, eu, mays, uk, backstop, northern, leader, prefers, deal, party, brexit, british


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