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Author Archives: Jeff Bergstrom

About Author

Bergstrom is chief information officer of John J. Lothian & Co. He edits MarketsWiki and JLN Options.

Wall Street banks push back on launch of bitcoin futures; Traders Want to Know What Exchanges Earn From Market Data; Blockchain Scores Major Win as Aussie Exchange Plans Shift Standard

First Read Hits & Takes Wedbush’s margin policy for bitcoin trading found its way to my inbox. In order to trade the Cboe bitcoin futures, a trader must have a minimum equity of $10K in their account. For accounts under $1 million in total equity, the margins are two times the exchange minimums. For the CME’s bitcoin futures, the account size is $50K minimum and if less than $5 million, you get double exchange margins. ~JJL STA Chicago’s marketing material for the 92nd Annual Mid-Winter Meeting – held Jan 10 through 12 – is Game of Thrones themed. *tips cap*…

‘We may be stupid’ for waiting on bitcoin futures, NYSE owner says; New York Stock Exchange owner ICE holds back on crypto-futures; CME fee rises vex struggling high-speed trading industry Standard

First Read Hits & Takes Tom Farley is just having too much fun as CEO of NYSE. He is making the most of the NYSE media platform. Yesterday he was hanging out with George Springer of the Houston Astros, the World Series MVP, on the floor of the NYSE with the World Series trophy.~JJL Net Neutrality Update: This all happened around Thanksgiving, but it is worth sharing that Comcast, which had promised not to block, throttle, or discriminate against lawful content, deleted that pledge the same day the FCC announced it would repeal net neutrality. A tweet @loresjoberg posted regarding…

How AI Will Invade Every Corner of Wall Street; Brussels ends Mifid fears with US derivatives trading ruling Standard

First Read Hits & Takes By JLN Staff Mutual Admiration Society member Steve Grob has a blog post titled “Bitcoin futures – the best idea ever?“~JJL Lanre Sarumi, the CEO of Level Trading Field, is chumming the bitcoin waters with a blog post on Coindesk.com titled “Bitcoin Futures: Make Way for a New Kind of Whale.~JJL According to Coindesk’s State of Blockchain Q3 2017 report, the top five best performing cryptocurrencies of the quarter (through 9/30) were Pura (return of 2666 percent), NoLimitCoin (return of 1334 percent), Triggers (return of 856 percent) Rise (return of 771 percent) and AdEx (return…

Cboe Plans December 10 Launch of Bitcoin Futures Trading; VIX Options Set New Daily Volume Record on Friday, December 1 Standard

Lead Stories Cboe Plans December 10 Launch of Bitcoin Futures Trading Cboe Cboe Global Markets, Inc., one of the world’s largest exchange holding companies, today announced that Cboe Futures Exchange (CFE), plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, 2017, at the start of Global Trading Hours. Monday, December 11, will be the first full day of trading, and trading will be free1 through December. /goo.gl/QmQvjD ****SD: From Bloomberg – Cboe Says It Will Start Bitcoin Futures Trading on Dec. 10, Giving it a Week of Exclusivity VIX Options Set New Daily…

Bond Investors Are Worried About Bond Market Liquidity; Saudi Arabia signs major markets upgrade with Nasdaq Standard

First Read Hits & Takes By JLN Staff The “Putting on my broker hat about bitcoin” commentary by John Lothian had 1778 views on LinkedIn since it was published Friday. ~JJL The @JohnLothian twitter handle had 46,664 organic impressions on Friday. ~JJL The story by John Lothian, “FANG+ Puts the UMPH Back into the Markets and Exchange Competition” had 16,605 impressions on Twitter so far and is @JohnLothian’s top tweet of the last month. ~JJL CME Group is offering a webinar on “The ABC’s of Spread Trading with Futures” on Tuesday, December 12 from 11:00 a.m. to 12:00 p.m. CT….

‘Stealth hedging’ shows investors not so complacent; Bitcoin’s Trading Star Is Chicago High-Speed Firm Standard

Lead Stories ‘Stealth hedging’ shows investors not so complacent Saqib Iqbal Ahmed – Reuters With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent. bit.ly/2i9NfGv Bitcoin’s Trading Star Is Chicago High-Speed Firm That Nods to the Grateful Dead Alexander Osipovich – WSJ (Subscription) One of Chicago’s largest high-speed traders has taken a central role in the bitcoin market, stepping into the vacuum created by Wall Street’s hesitant response to…

ICO regulation inconsistent as cryptocurrency bubble fears grow; CFTC Chief Works to Tweak, Not Decimate, Obama-Era Rules Standard

First Read Hits & Takes By JLN Staff To those who celebrated Thanksgiving yesterday, get outside and stretch your legs today, the deals for Black Friday can wait. ~JJL Chuck Mackie of Maven Wave has recapped the CME Group‘s GFLC in a blog post. ~JJL On Tuesday, November 28, the OCC’s Caroline Gillard is moderating a luncheon sponsored by FCS Chicago focusing on marketing to women. The lunch panel includes Jessica Titlebaum Darmoni, Jennifer Bennethum Burns and Allison Engel, and is the organization’s final luncheon topic for 2017. This will be the first time the FCS has hosted one of…

Warning Signs About Another Giant Bitcoin Exchange; Wealth Managers Are Being Inundated With Calls About Bitcoin Standard

First Read Why ISPs Are About To Spoil Your Thanksgiving Dinners Food For Thought on Net Neutrality Repeal By Jeff Bergstrom, JLN Yesterday it was announced the F.C.C. plans a net neutrality repeal. This is not a particularly new story. The telecoms have been working towards this for years. But now it seems they are about to achieve their goal and that is not a good thing unless you are a major investor in telecom stocks. It is a truism that the last thing anyone should talk about over Thanksgiving dinner is politics. We all have that crazy uncle who…

Why ISPs Are About To Spoil Your Thanksgiving Dinners: Food For Thought on Net Neutrality Repeal Standard

Yesterday it was announced the F.C.C. plans a net neutrality repeal. This is not a particularly new story. The telecoms have been working towards this for years. But now it seems they are about to achieve their goal and that is not a good thing unless you are a major investor in telecom stocks.   It is a truism that the last thing anyone should talk about over Thanksgiving dinner is politics. We all have that crazy uncle who goes off on some tirade about how Bhutan is ruining the vegetable oil market. That said, this is a topic well…