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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.

Hunting for Dirty Deeds in the $34 Trillion U.S. Futures Market; Clearing houses saddled with ‘too-big-to-fail’ tag; ASX’s blockchain may mean job losses Standard

First Read Odds & Ends Jim Kharouf, JLN A busy day around Chicago yesterday. FIA held its Washington update lunch, where FIA President and CEO Walt Lukken told the audience that the pendulum on regulation is shifting back. He is hopeful that the new administration will adopt its recommendations for: smart regulation, open access to global markets and a focus on innovation from regulators. How this all comes about is still to be determined. We will have more from Walt soon on all three topics. Later in the day, I checked out the new trading platform from TastyTrade at the…

New Reforms Could Make Banks More Vulnerable; Intercontinental Exchange Announces Agreement to Acquire TMX Atrium from TMX Group; Nex Group: a dude elides Standard

First Read Bits & Pieces By John J. Lothian We have added Johan Toll of Nasdaq to our March 1 Stockholm MarketsWiki Education World of Opportunity event. He will speak about blockchain. Unfortunately, Patrick Thornton-Smith of Duco had a conflict come up and will not be able to present. We hope to get PTS in the fall in London. John Damgard has agreed to speak at our July 21 event in Chicago. We are beginning work on lining up speakers for this summer’s series. Chicago is scheduled for July 17, 19 and 21. New York is set for July 11…

Euronext launches trading platform to ward against high-frequency traders; US high-frequency traders set to make call on London; Bank of Tech poses growing threat to traditional institutions Standard

First Read MarketsWiki Education 2017 World of Opportunity Series for Stockholm, Chicago and New York Announced John Lothian News to hold March 1, 2017 Stockholm WOO event on campus of KTH; Chicago events return to Stuart School of Business of Illinois Tech and Trading Technologies and New York to Nasdaq Marketsite; Relaunched MarketsWiki Education website John Lothian News is pleased to announce its dates for this year?s MarketsWiki Education World of Opportunity (“WOO”) series, including a March 1 program in Stockholm on the campus of the Royal Institute of Technology. Events are also planned for New York and Chicago in…

MarketsWiki Education 2017 World of Opportunity Series for Stockholm, Chicago and New York Announced Standard

John Lothian News to hold March 1, 2017 Stockholm WOO event on campus of KTH; Chicago events return to Stuart School of Business of Illinois Tech and Trading Technologies and New York to Nasdaq Marketsite; Relaunched MarketsWiki Education website John Lothian News is pleased to announce its dates for this year’s MarketsWiki Education World of Opportunity series, including a March 1 program in Stockholm on the campus of the Royal Institute of Technology. Events are also planned for New York and Chicago in July, with venues of Nasdaq’s Marketsite in New York and the Stuart School of Business at Illinois…

US delays derivatives rules to avoid market disruption; Harvard Endowment Managers Said to Depart to Start Hedge Funds; Did Dodd-Frank really hurt the US economy? Standard

First Read CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture By Sarah Rudolph – JLN The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors. CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also…

Le Pen Tail Risk Puts Traders on Alert as Volatility Creeps Up; Traders Seek $100-Million-Plus Bonanza From Bund Bets on Le Pen; What the Vix Is Really Telling the Markets Now Standard

Lead Stories Le Pen Tail Risk Puts Traders on Alert as Volatility Creeps Up Tanvir Sandhu, Vassilis Karamanis and Simon Ballard – Bloomberg Investors are just about waking up to the risk of Marine Le Pen emerging victorious in the French election, some early bets in the options market show. While a Le Pen win is still seen as a tail risk and the first round of the election is still more than two months away, the unexpected outcomes of last year’s votes in the U.K. and the U.S. have raised investor awareness of political risk. The National Front candidate’s…

UK must wake up to risks of LSE/Deutsche Börse exchange deal; Drop the Volcker rule and keep what works; America’s Biggest Creditors Dump Treasuries in Warning to Trump Standard

First Read Maker or Taker? By John J. Lothian “Maker – Taker” is a market model that rewards market participants for offering liquidity – “making” – and penalizes them for “taking” market liquidity. Many makers are also takers. It is the way of the markets, and the way of the world. Are you a maker, or a taker? It is a good question to ask. While we all do both, it is our outlook that defines whether we are makers or takers. For example, are you a market participant who just goes home at the end of the day, or…

MarketsWikiEducation Re-Launches Website Standard

Go on over to education.marketswiki.com and see the new site.  We have an education program coming up in Stockholm, Sweden in early March.  We will have more events in Chicago and New York this summer so be sure to check back for details.  If you know of any speakers who would like to make a ten minute presentation be sure to contact us.

Where Has the Stock Market’s Volatility Gone?; U.S. stocks under pressure as investors turn cautious; Five Charts That Say All Is Not Well in Markets Standard

Observations & Insight Deep Breath Jim Kharouf, JLN Upon our return from Washington DC last week, there was the unanswered question still hanging in the air: “What will become of Dodd-Frank?” Of course, no one really knows just yet. All the hyperbole from politicians in DC make for big headlines. But as the Wall Street Journal piece Republicans Get Ready to Roll Back Dodd-Frank Law pointed out, passage of new laws in the Senate will require 60 votes, and Replublicans hold 52 seats. Will we see a rollback of Dodd-Frank? A rollback at Walmart means that dish detergent that was…