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Author Archives: Jeff Bergstrom

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

Another Volatility-Linked Exchange-Traded Product Bites the Dust Standard

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Observations & Insight Richard Elden, Innovative Hedge Fund Investor, Is Dead at 84 Matt Phillips – NY Times Richard Elden, a journalist-turned-investment manager who was an early investor in a number of notable hedge funds, died on June 27 at his home in Chicago. He was 84. /nyti.ms/2JtuJAh ++++ Theresa May’s steely warning to Tory rebels AND those bully boys from Brussels Daily Mail Online Our Brexit deal for Britain seizes the moment to deliver the democratic decision of the British people and secure a bright new future for our country outside the European Union. /dailym.ai/2Lnqk3u ****SD: This editorial from…

US Treasury market structure could pose systemic risk Standard

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First Read Hits & Takes JLN Staff Happy Friday the 13th! Yesterday I learned I will be having hip replacement surgery. Using the logic of the sooner the better, I have decided to have the surgery on August 2, which happens to be the last day of the MarketsWiki Education World of Opportunity series in Chicago. Needless to say, I will not be at the last day of the series. Someone from JLN will be filling in for me as master of ceremonies on that day. I should be back in action the next week, though working from home, as…

EU Parliament and ECB Taking a Look At Cryptocurrencies Standard

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Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.”  There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing papers do guide the discussions, there is no reason to expect shifts in today’s slowly evolving bank regulatory…

Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud Standard

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Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud Benjamin Bain and David McLaughlin – Bloomberg Justice Department-led group will target digital currencies; Fraud against elderly and veterans will also be priorities In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. /jlne.ws/2L6ePAz Accenture to lead The Institutes’ blockchain platform development Matthew Lerner – BusinessInsurance.com The Institutes RiskBlock Alliance, the insurance organization’s blockchain consortium, said that Accenture P.L.C. will lead development of RiskBlock’s…

Nasdaq to Provide Clearing Technology to SIX for Clearing Overhaul Standard

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First Read Hits & Takes JLN Staff The JLN team is home after a successful day two of MarketsWiki Education World of Opportunity in New York at Nasdaq yesterday. We had 12 speakers who knocked it out of the park. Thank you to Nasdaq for hosting day two and for all our sponsors and speakers. Thank you too to the hard working JLN staff. The videos will start rolling out in the coming days and weeks.~JJL During the merit badge workshop on Tuesday at Nasdaq, Robby Lothian had to give an impromptu two minute speech as part of the badge….

Treasury future and options trades favour lower yields Standard

Observations & Insight OCC Statement On Passage Of H.R. 5749 Press Release “OCC and the U.S. Securities Markets Coalition applaud passage of H.R. 5749, the Options Markets Stability Act. Passage of this legislation, sponsored by Representatives Randy Hultgren (R-IL) and Bill Foster (D-IL), is an important step forward in helping ensure that market makers can provide vital liquidity for investors who use the U.S. equity options markets to help manage their financial risk. OCC appreciates the leadership of Representatives Hultgren, Foster, House Financial Services Committee Chairman Jeb Hensarling (R-TX), Ranking Member Maxine Waters (D-CA) and the other members of the…

The crypto-currencies that die before they have bloomed Standard

The crypto-currencies that die before they have bloomed Rory Cellan-Jones – BBC It has been the biggest craze in investment of the last two years – the idea that creating your own crypto-currency through an Initial Coin Offering (ICO) is the route to riches. /jlne.ws/2m8IF9J Hackers steal $23.5 million from cryptocurrency exchange Bancor Stan Schroeder – Mashable Hackers attacked cryptocurrency exchange Bancor on Monday, compromising one of the company’s virtual wallets and stealing roughly $23.5 million worth of digital currencies. /jlne.ws/2m7QI6s London School Of Economics launches online certificate course about Cryptocurrency Investment and Disruption CryptoCurrency Guide RTT News reports that…

Mobius Says Trade War Is Just a Warm-Up Act for Financial Crisis Standard

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First Read Hits & Takes JLN Staff It was a great day at Nasdaq for the Trading Tech 300 program. Thank you to Nasdaq and Allan Schoenberg for their support for this merit badge clinic that taught public speaking and communications. Today is the second day of MarketsWiki Education World of Opportunity, this one held at Nasdaq in Times Square. We have a great lineup of speakers, including Oliver Albers, Mike Beller, Kevin McPartland, Maura Cunningham, Sadia Halim, and Bailey Kessing at the 1 PM session. Bruce Morris, Ralf Roth, Jeff Bandman, David Weisberger and Gary DeWaal finish the program…

IEX hires former ISE executive Ilyevsky to lead market development Standard

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Observations & Insight EU Parliament and ECB Taking a Look At Cryptocurrencies Thom Thompson – John Lothian News Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.” There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing…