According to NYC finance trading floors, hedge funds are reducing exposure to small-cap biotech despite FDA pipeline approvals, citing liquidity risks in upcoming quarters. There seemed to be high enthusiasm for the market. In a side discussion, a few traders spoke heatedly about option contracts for Palantir and whether a particular trade had been profitable. NYSE Texas is the first securities exchange to be incorporated in
Texas. Corporate bond specialists in the NYC finance market are observing tighter spreads in high-yield debt, pointing to increased investor confidence in credit markets.
