Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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June 30, 2004

Leaving the ADR Stone Age

By Staff Reports

No more manual intervention in ADR conversion. That's what Bank of New York (BNY) officials are promising with an enhanced electronic platform. BNY says the jazzed-up platform allows clients accessing non-U.S. trading markets to bypass a global settlement and clearing infrastructure. The enhancement was made to BNY's ADR DirectSM, an upgrade spearheaded by G-Trade, a part of the BNY Securities Group. It specializes in electronic direct access for non-U.S. dollar equity executions in foreign marketplaces. "For the first time, investors can electronically trade and perform ADR conversions in real time," according to Jonathan Slone, president of G-Trade. In the past two years, other players also launched their own ADR conversion products.