The three drives pattern reflects the psychology of the market participants. The corrective second drive makes traders question the sustainability of the trend. The third and final drive fakes a breakout, trapping bulls or bears who have tried to trade the reversal. If you can understand these two images, you will be able to recognize […]

Understanding the distinction between endorsement and signature is essential for navigating the intricacies of banking transactions and ensuring compliance with the necessary procedures. In certain situations, banks may have specific policies or requirements when dealing with blank endorsements. They may require additional identification or verification procedures when processing instruments with blank endorsements to ensure compliance […]

“SOFR provides a robust and transparent method for determining a common benchmark rate based on observed, cleared transactions in the marketplace,” says Sam Weller, Senior Vice President and Director of Capital Markets at Bryn Mawr Trust. The move to the SOFR is expected to have the greatest impact on the derivatives market. However, it should […]