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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.

Greed, for Lack of a Better Word, Is Taking a Big Hit Today; Federal Reserve’s Moves May Ignite Volatility Standard

Lead Stories Greed, for Lack of a Better Word, Is Taking a Big Hit Today Cormac Mullen – Bloomberg One of the best performing trades this year reversed course Thursday as stocks fell and volatility bounced back. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before. jlne.ws/2xQUhkW Federal Reserve’s Moves May Ignite Volatility Wall Street Craves Goldman Sachs (GS) Predicts Bradley Keoun – TheStreet U.S. President Donald Trump’s tweets haven’t done it. North Korean leader…

Derivatives Industry Joins Forces to Launch Futuresfundamentals.org Education Resource Standard

Lead Stories Derivatives Industry Joins Forces to Launch Futuresfundamentals.org Education Resource CME Grouop Today at FIA Expo, the largest gathering of futures market participants in the world, futuresfundamentals.org was launched to provide information and curriculum for learners of all levels to understand the role that derivatives markets play in the global economy and our everyday lives. With initial support from the FIA, CME Group, NFA, the Institute for Financial Markets (IFM) and CME Group Foundation, futuresfundamentals.org will be a leading online resource for derivatives education, providing interactive tools, a trading simulator and curriculum for a wide variety of audiences. jlne.ws/2yx2I8A…

The World’s Largest Oil Hedge Is Complete; Cboe says bye bye to Bats brand Standard

Observations & Insight Deep Dive With JLN: How Can The Financial Industry Draw In The Next Generation Of Talent? JohnLothianNews.com John Lothian News’ CEO Jim Kharouf sat down with Brian Mehta, chief marketing officer at Trading Technologies, and Doug Monieson, partner at Hyde Park Angels, to talk about what will attract the next generation of traders and professionals into this space. From college outreach programs like TT CampusConnect to a variety of new education, training, competitions and platforms that open the world to new traders with new ideas, both see the financial markets as having much to offer. “Getting companies…

The Trouble With Those Can’t-Miss Trades; Short VIX bets hit record high Standard

Lead Stories The Trouble With Those Can’t-Miss Trades; With the VIX skidding lower, shorting the fear gauge seems like a sure thing. As market history shows, that’s an unsettling prospect. Randall W. Forsyth – Barron’s “It’s quiet, too quiet.” That movie cliché hangs over the financial markets these days, as the volatility of virtually everything—stocks, bonds, and currencies—is apparent in its very absence. You might think this placidity is because peace on earth and goodwill toward all had become a year-round reality rather than a wistful holiday wish. Or that our elected officials had taken seriously the people’s business to…

TradingScreen rejects claims by shareholder group; Citigroup, Deutsche, HSBC Agree to Settlement Standard

First Read Hits & Takes By JLN Staff Care to guess what the best performing financial asset of 2017 has been? According to Macquarie as cited in this Financial Times story, it’s the metal cobalt. Cobalt is up some 80 percent this year on the back of increased demand for electric vehicles.~SD Crain’s put out a list showing which companies won the most patents in Chicago in 2016. Trading Technologies is on there with nine. Tops by a longshot is Boeing with 1,045 (second and third go to Honeywell and Caterpillar, respectively). It’s all part of the Crain’s “Chicago’s Most…

Credit derivatives market woes deepen after ICE exit; Central bankers face a crisis of confidence… Standard

First Read We All Love Data: Barchart’s Latest Move Continues The Trend Of Firms Pushing Further Into The Data Space Jim Kharouf, JLN It’s all in the data. Yesterday’s announcement from Barchart about its new commodities data offering, called cmdty, is part of the drumbeat of new products and services that are designed to bring something new to the market participants they serve. jlne.ws/2yhzdYS ++++ Hits & Takes By JLN Staff The Boy Scouts of America announced yesterday they are opening the doors to girls to join Cub Scouts starting next year and older girls to join Boy Scouts in…

CME, Linchpin of Chicago Finance, Says It’s Not Tied to the City Standard

First Read How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities John Lothian News Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. /goo.gl/ZwUnYe ++++ Hits & Takes By JLN Staff We have closed registration for the…

Bill Gross of Janus blames Fed for ‘fake markets’; Speed Traders Race for Autism Research Standard

First Read Hits & Takes By JLN Staff The Financial Times has a special section today, which we have highlighted below Exchange News, titled “Exchanges, Trading and Clearing.” The subheadline is “In this edition: experts are unsure how changes to EU rules governing financial services will work; London’s role as global hub faces Brexit threat; algorithms take grip in US commodities trading.”~JJL |T4Youth, Chicago’s charity ping pong tournament for the tech and finance communities, is back for its fourth year! Join us at SPiN Chicago on November 15 to compete with industry peers such as DRW, Citadel, Belvedere Trading, Trading…

Treasury Report Calls for Sweeping Changes to Financial Rules Standard

Observations & Insight Thaler, Famed for ‘Nudge’ Theory, Wins Nobel Economics Prize Jonas O Bergman – Bloomberg University of Chicago’s Richard H. Thaler, one of the founders of behavioral economics and finance, was awarded the 2017 Nobel Prize in Economics for shedding light on how human weaknesses such as a lack of rationality and self-control can ultimately affect markets. jlne.ws/2y7Wdre Lead Stories Treasury Report Calls for Sweeping Changes to Financial Rules Tiffany Hsu – NY Times The Trump administration is again taking aim at the Dodd-Frank Act, releasing a Treasury Department report on Friday that recommended a vast reworking of…