Category Archives: markets

business, cryptocurrency, finance, markets, technology

Exchange News:Kraken Buys Small Exchange to Launch Huge US Derivatives Platform

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Kraken’s Acquisition of Small Exchange Propels Launch of Massive US-Based Crypto Derivatives Platform

Kraken, one of the largest international crypto exchanges, has made a significant move into the US derivatives market through its acquisition of Small Exchange from IG Group for $100 million. This strategic purchase provides Kraken with the impetus to launch a heavily regulated, US-based crypto derivatives platform under the supervision of the Commodity Futures Trading Commission (CFTC).

### A Fully Licensed Designated Contract Market

Through this acquisition, Kraken becomes a designated contract market (DCM) fully licensed by the CFTC. Partnering with Small Exchange, which is already a CFTC-licensed DCM, enables Kraken to offer regulated futures, options, and margin trading products within the United States. This marks a crucial step toward developing a comprehensive US-based derivatives platform.

### Unifying Spot, Futures & Margin Trading Like Never Before

Kraken’s co-CEO, Arjun Sethi, highlighted that the acquisition connects spot, futures, and margin products under one regulated liquidity infrastructure. Kraken now also provides clearing, risk management, and trade matching all within a single environment. This integrated approach allows Kraken to compete directly with leading global exchanges operating under CFTC supervision.

By consolidating these trading services, Kraken significantly reduces market fragmentation and enhances trade execution speed. The platform is uniquely positioned to serve both retail and institutional US clients seeking regulated crypto derivatives.

### A Strategic Win in a Booming US Crypto Derivatives Market

The US crypto derivatives market is experiencing rapid growth, fueled largely by increasing institutional participation. According to CME Group data, crypto futures daily volume surged by 136% year-over-year in Q2 2025, reaching 190,000 contracts traded daily.

Kraken’s acquisition of Small Exchange builds upon its prior $1.5 billion purchase of NinjaTrader, further strengthening its US derivatives infrastructure. This strategic expansion also aligns with Kraken’s anticipated IPO in 2026, which aims to establish an effective, fully regulated US derivatives ecosystem.

### A New Dawn for Kraken and US Crypto Trading

With this acquisition, Kraken offers unparalleled onshore performance combined with robust regulatory compliance. By providing multiple trading products under one regulated framework—linking advanced clearing and risk management systems—Kraken has the potential to transform US crypto trading standards.

This move is set to attract both retail and institutional traders as the US crypto derivatives market continues to expand rapidly, positioning Kraken at the forefront of this evolving landscape.
https://bitcoinethereumnews.com/tech/exchange-newskraken-buys-small-exchange-to-launch-huge-us-derivatives-platform/?utm_source=rss&utm_medium=rss&utm_campaign=exchange-newskraken-buys-small-exchange-to-launch-huge-us-derivatives-platform

agriculture, business, commodities, finance, markets

Cattle Look to Thursday Following Weaker Wednesday Action

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Live cattle futures settled the Wednesday session with gains ranging from 20 to 35 cents. Preliminary open interest rose by 1,887 contracts on Wednesday. Additionally, 7 of the previous 10 deliveries were retendered against October live cattle for Amarillo.

Cash trade has yet to be reported this week, as the Wednesday Fed Cattle Exchange saw no bids or sales on the 1,172 head offered.

Feeder cattle futures recovered from midday lows to close the session with losses between 20 and 65 cents. The CME Feeder Cattle Index increased by another $1.45 to $374.47 on October 14.

USDA Wholesale Boxed Beef prices were mixed in the Wednesday afternoon report, with the Choice/Select spread at $17.32. Choice boxes were up $2.06 to $366.48, while Select boxes were down $1.39 to $349.16.

USDA federally inspected cattle slaughter for Wednesday was estimated at 122,000 head, bringing the weekly total to 348,000. This figure is 13,000 head above last week but 21,193 head below the same week last year.

**Live Cattle Futures Closing Prices:**
– October 2025 Live Cattle closed at $242.175, up $0.350
– December 2025 Live Cattle closed at $246.775, up $0.275
– February 2026 Live Cattle closed at $248.750, up $0.225

**Feeder Cattle Futures Closing Prices:**
– October 2025 Feeder Cattle closed at $379.725, down $0.450
– November 2025 Feeder Cattle closed at $380.675, down $0.650
– January 2026 Feeder Cattle closed at $377.850, down $0.200

As of the date of publication, Austin Schroeder did not have, either directly or indirectly, positions in any of the securities mentioned in this article. All information and data provided herein are solely for informational purposes.

For more detailed commodity analysis—from crude oil to coffee—sign up free for Barchart’s best-in-class market insights.

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**More from Barchart:**
– Will Cattle Futures Continue to Reach New Highs During the Off-Demand Season?
– Beef Prices Are Going Up: What’s Behind the Surge and How Much Higher Will They Go?
– Commodity Market Roundup: August’s Top Performers and Underperformers
– The Bullish Cattle Stampede Rumbles On: Here’s What to Watch Next After Record Cattle Highs

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cattle-look-thursday-following-weaker-wednesday-action

agriculture, commodities, economy, energy, markets

Corn Posts Gains on Wednesday as Ethanol Output Rebounds

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The corn market closed with gains across most contracts on Wednesday, with contracts 1 to 2 rising 14 cents higher on the day. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $3.80 1/2. So far this month, the average close for December futures has been $4.20.

Data from the Energy Information Administration (EIA) released this morning showed total ethanol production at 1.071 million barrels per day for the week ending October 3. This marked a weekly rebound of 76,000 barrels per day. However, ethanol stocks continued to tighten, declining by 44,000 barrels to 22.72 million barrels.

Ethanol exports increased by 50,000 barrels, reaching 138,000 barrels per day. Meanwhile, refiner inputs of ethanol decreased by 13,000 barrels per day to 892,000 barrels per day.

Please note, Export Sales data will not be reported on Thursday due to the government shutdown. Nevertheless, traders surveyed by Reuters anticipate corn sales between 1.2 and 2 million metric tons (MMT) for the week of October 2.

Looking at Brazil, the National Association of Grain Exporters (ANEC) estimates corn exports at 6 MMT for October, which would be an increase compared to the 5.67 MMT exported in October 2023.

Regarding futures pricing, December 2025 corn closed at $4.22, up 2 1/4 cents. Nearby Cash Corn was $3.80 1/2, up 2 3/4 cents. March 2026 corn closed at $4.37 3/4, up 1 1/2 cents, while May 2026 corn closed at $4.46 1/4, gaining 1 cent.

*Don’t miss a day:* From crude oil to coffee, sign up for Barchart’s best-in-class commodity analysis for free.

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On the date of publication, Austin Schroeder did not hold any positions, directly or indirectly, in the securities mentioned in this article. All information and data presented are solely for informational purposes.

For more details, please view the [Barchart Disclosure Policy](#).

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/corn-posts-gains-wednesday-ethanol-output-rebounds

economy, energy, global, manufacturing, markets

Asia shares, gold rise on US shutdown watch

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Oil prices declined recently amid expectations of an increase in OPEC production. Market participants anticipate that the organization will boost output, putting downward pressure on crude prices.

Meanwhile, China’s manufacturing activity has contracted for the sixth consecutive month, highlighting ongoing challenges in the sector. This persistent slowdown contributes to concerns about the broader economic recovery in the region.

In European markets, Euro Stoxx 50 futures dipped during early trading, reflecting investor caution amid these global economic developments. Traders are closely monitoring how these factors will influence market sentiment moving forward.
https://thewest.com.au/business/asia-shares-gold-rise-on-us-shutdown-watch-c-20187675

business, india, markets, real estate, urban development

Mumbai’s Residential Market Records 9% YoY Growth In Q3, Reveals Knight Frank Report

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In its latest report, **‘India Real Estate: Residential and Office Q3 2024 (July – September 2024)’**, Knight Frank India revealed significant growth trends in Mumbai’s real estate market.

### Mumbai’s Residential Market Leads with Highest Sales

Mumbai’s residential market recorded the highest sales among eight major Indian cities, with **24,222 units sold**, marking a **9% year-on-year (YoY) growth**. During the same period, the city witnessed the launch of **23,677 new residential units**.

The average weighted residential price in Mumbai saw a **6% YoY increase**, reaching **Rs 8,056 per sq ft**, making it the highest residential price in the country.

### Growth Across Price Segments

Mumbai experienced a **10% YoY growth** in the Rs 5 million to 10 million ticket size category during Q3 2024, which contributed to **24% of the city’s total sales**. Meanwhile, the under Rs 5 million segment recorded the highest sales volume, with **10,198 units sold**—representing **42% of total sales**.

The Rs 10 million and above category showed a robust **16% YoY growth**, rising from 7,018 units in Q3 2023 to 8,153 units in Q3 2024.

### Office Space: Record Transactions and Completions

Mumbai also led the office real estate market, reporting the highest number of office space transactions among the eight cities, with **1.93 million sq ft** leased during Q3 2024.

The city’s total office space transactions reached **2.7 million sq ft** during this period, while office completions surged by **167%**, hitting **0.8 million sq ft**.

### Industry Insights from Knight Frank India

Shishir Baijal, Chairman and Managing Director of Knight Frank India, commented,
“**Mumbai’s residential market has sustained its strong momentum in 2024**, supported by steady sales, a solid economic outlook, and stable interest rates, all contributing to positive homebuyer sentiment. With continued stability in socio-economic and political conditions, the upcoming festive season, and the ongoing growth trajectory, we expect a strong close to 2024, with both residential and commercial office transactions hitting record levels.”

### Broader Office Market Trends

The report also highlighted that office space transactions across the country reached **19 million sq ft in Q3 2024**, the highest quarterly absorption since Q1 2018. This reflects an **18% YoY increase** from 16.1 million sq ft in Q3 2023.

Year-to-date leasing stood at **53.7 million sq ft** within the first nine months of 2024, a **27% increase YoY**, putting the market on track to achieve a new annual high.

The strong demand in office space demonstrates business confidence in the Indian economy’s ongoing growth. Additionally, increased interest from GCC countries signals a growing commitment from global enterprises towards India’s business environment.

### Perspective from Ajmera Realty & Infra India Ltd

Dhaval Ajmera, Director at Ajmera Realty & Infra India Ltd, added,
“India’s real estate sector, particularly in cities like Mumbai, is experiencing significant growth due to extensive infrastructural development. Mumbai has seen a strong increase in redevelopment activities, reshaping the skyline of key micro-markets and creating demand in emerging areas. The recognition of real estate as a valuable asset class has also attracted numerous domestic and NRI investors.”

He further noted,
“When it comes to commercial real estate, established locations like BKC and Nariman Point are nearly at peak capacity. However, emerging micro-markets such as Wadala are becoming strong contenders for commercial and retail real estate. The reopening of offices and growth in job opportunities in India’s Silicon Valley are attracting businesses and professionals, driving increases in commercial real estate sales and rental prices in this area.”

“Overall, with strong support from the increased purchasing power of homebuyers and their desire to enhance living conditions, the positive growth trend in the Indian real estate market is expected to continue into the coming year,” Ajmera concluded.

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**For more updates and insights on India’s real estate sector, stay tuned to Knight Frank India.**
https://www.freepressjournal.in/business/mumbais-residential-market-records-9-yoy-growth-in-q3-reveals-knight-frank-report

agriculture, commodity, developments, economy, markets

Hogs Close with Mixed Trade Ahead of Bullish Hogs & Pigs Report

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Lean hog futures closed Thursday’s session with nearby contracts up 30 to 67 cents, while back months gained between 10 and 67 cents. USDA’s national base hog price from the Thursday PM report was down 17 cents from the day prior, settling at $104.50. The CME Lean Hog Index was up 10 cents on September 23, closing at $105.00.

The USDA’s National Agricultural Statistics Service (NASS) released their quarterly Hogs & Pigs report this afternoon. The September 1 inventory was reported at 74.472 million head, down 1.35% from last year and well below estimates that had predicted a slight increase. Hogs kept for breeding saw a decrease of 1.82%, totaling 5.934 million head—also below estimates. Market hog inventory declined by 1.31% compared to last year, falling to 68.538 million head.

In export news, USDA reported pork sales totaling 29,402 metric tons (MT) for the week ending September 18, marking a four-week high. The largest buyer was Mexico, purchasing 10,000 MT, followed by South Korea at 4,900 MT and Japan at 3,800 MT. Pork shipments for the week were recorded at 29,297 MT, down from the previous week. Mexico remained the top destination with 13,100 MT shipped, while Japan and China received 3,600 MT and 2,800 MT respectively.

USDA’s FOB plant pork cutout report from Thursday afternoon showed a decline of 64 cents, closing at $110.99 per hundredweight (cwt). However, ham and belly primals were the only cuts reported higher.

Federal hog slaughter for Thursday was estimated at 490,000 head, bringing the weekly total to 1.939 million head. This total is down 1,000 head from the previous week but 3,906 head above the same week last year.

October 2025 lean hog futures closed at $100.10, up 67.5 cents. December 2025 closed at $88.63, up 50 cents, while February 2026 closed at $89.93, up 30 cents.

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*Don’t miss a day of market insights: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.*

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**Disclosure:** On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data are for informational purposes only. For more details, please view the [Barchart Disclosure Policy](#). The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/hogs-close-mixed-trade-ahead-bullish-hogs-pigs-report

business, corporate actions, investing, markets, stock market

Buy Adani Power today to qualify for 1:5 stock split

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**Buy Adani Power Today to Qualify for 1:5 Stock Split**

*By Mudit Dube | Sep 19, 2025, 01:46 PM*

Today is the last day for investors to purchase shares of Adani Power to become eligible for the company’s first-ever stock split. The record date for this corporate action is set for September 22, 2025. Shareholders holding shares on this date will receive the split shares directly in their Demat accounts.

**Corporate Decision**

Earlier this month, Adani Power’s board approved the stock split. On September 4, 2025, shareholders passed the required Postal Ballot resolutions with the necessary majority to approve the split. Under this resolution, each existing share with a face value of ₹10 will be split into five fully paid-up shares with a face value of ₹2 each.

Additionally, the company announced an alteration to the Capital Clause of its Memorandum of Association as part of this approval.

**Market Implications**

The stock split is designed to increase the number of outstanding shares while reducing the face value per share. This move is expected to make the shares more affordable and improve liquidity by encouraging broader participation from investors.

At the time of writing, Adani Power’s shares were trading 13% higher at ₹713 on the NSE, reflecting positive market sentiment around this announcement.

Investors looking to benefit from the stock split should ensure they buy shares before today’s market close.
https://www.newsbytesapp.com/news/business/adani-power-to-split-shares-1-5-record-date-september-22/story