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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.

Mystery trader ’50 Cent’ made $21 million from stock market meltdown Standard

Observations & Insight Change the Game – Tom Sosnoff Education.MarketsWiki.com “The U.S markets are the global hub of liquidity. That’s why they’re so wonderful. So when you get truly liquid markets, you have very accurate expected value.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Tom Sosnoff, co-CEO of tastytrade, maps out the importance of decision making. Trading is one of the few industries where you have the ability to make an unlimited number of decisions with both emotional and monetary outcomes. Sosnoff says the most important thing you can do as a recent graduate is…

VIX’s Highest Close Since Election Sparks Record Rush to Protect; Investors ponder further shocks after North Korea jolt Standard

Observations & Insight Seeking Opportunity Everywhere in the Market – JJ Kinahan Education.MarketsWiki.com “The greatest expression I’ve ever heard is, ‘The harder I work, the more opportunity I get.’” In this video from MarketsWiki Education’s World of Opportunity event in New York, JJ Kinahan, managing director and chief market strategist at TD Ameritrade, talks about seizing opportunity in every corner of the markets. Kinahan grew up in a large Irish-American family, and figured he would become a carpenter or an electrician. Instead, he landed a job at the CBOE one summer and never looked back. Kinahan says in the early…

Bitcoin Exchange Gets $100 Million Investment; VIX Options and Futures Set New Daily Volume Records Standard

First Read Russell Suite Competition Ambiguity Raises Some Questions; Exclusive. Non-exclusive. Exclusive. CME. ICE. CME again. By John Lothian The story of the Russell Index futures complex licensing over the years is a study in ambiguity, changing strategies and partners. We know the CME Group will win this round as they currently hold the long term license for the products. But what will happen in the short term is ambiguous as these two global exchange giants square off and try to maintain control or pry loose the open interest in the Russell futures products. After ICE took over an exclusive…

SEC Delays Decision on Chinese Buyout of CHX; Former HK exchange chief charged with conspiracy Standard

First Read Hits & Takes By JLN Staff CHX got the cold shoulder on Wednesday when the SEC decided to postpone their decision on the sale of the exchange to a group that includes Chinese investors. It’s a politically driven maneuver not far off from the XL Pipeline in the last administration, but it’s also an abdication of its responsibilities as a regulatory body. Leaving companies in limbo is bad policy, not to mention it will be noticed in Beijing the next time a US company wants to make an acquisition or deal there. You can have it both ways…

SEC’s Jay Clayton & China, Tom Ascher Speaks, Nasdaq and SIX Swiss Exchange Go Blockchain Standard

First Read Hits & Takes By JLN Staff John Hague of RSM has accepted the role of co-chairman of the LaSalle Trading Tech Awards of the Pathway to Adventure Council of the Boy Scouts of America. John Lothian is the other co-chair of the event. Hague replaces Matt Haraburda of XR Trading, who teamed with John Lothian last year to chair the event. The LaSalle Trading Tech Awards honor those firms who have participated in the Trading Tech 300 merit badge workshop program created by John Lothian and replaces the history LaSalle Street Dinner that had run for over 20…

Euronext renews deal with LSE business in clearing u-turn; CFTC Finds that The Bank of Tokyo-Mitsubishi UFJ, Ltd. Engaged in Spoofing of Treasury Futures and Eurodollar Futures; Investors Have Never Been More Short Volatility Futures Standard

First Read Hits & Takes This from Financial Executives International Daily today, “Blockchain can speed up all transaction processing, from fund transfers to proxy voting. That could save investment banks 30 percent of their infrastructure costs by 2025, according to Accenture and McLagan.” The report can be found HERE. ~JK Asia Pacific Financial News from John Lothian News for August 7, is available HERE. ~JJL Great nicknames continue. Igor Oystacher was known as “Snuggle Bear” and an options trader/s gained the moniker “50 Cent” — now we have a supposed bitcoin manipulator known as “Spoofy.” ~SD True, China built a…

Investors Have Never Been More Short Volatility Futures; Some Credit Investors Are Getting Ready for a Market Correction; US equity volatility hits five-decade low Standard

Observations & Insight Rebranding in Three Easy Steps – Brian Cassin Education.MarketsWiki.com “Your brand is what people say about you when you’re not in the room.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Brian Cassin, head of product and strategy with Vela Trading Technologies, breaks down the three steps in rebranding a company. Cassin uses Vela as a case study when going through the importance of rebranding, as Vela is the result of the Wombat and SR Labs tie-up. Cassin says timing is everything, but having a clear message for customers is equally important….

Trillions in Stock and Derivative Trades at Risk Over New EU Rules; LME chief plots evolution not revolution at metal exchange; Regulators’ Penalties Against Wall Street Are Down Sharply in 2017 Standard

First Read Hits & Takes By John J. Lothian Gary Flagler has a new job. He is now Head of International Business Development, Derivatives consulting for Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV), also known as Grupo BMV, a 122-year-old company and one of Mexico’s premier financial institutions, headquartered in Mexico City, Mexico. He will be working with Mexder and Asigna, Compensación y Liquidación F/30430 Fiso Bancomer SA, MexDer‘s local scale rating AAA–rated clearinghouse. Gary will give them the presence in the U.S. they greatly needed. ~JJL The latest Financial Data for FCMs from the CFTC is available. ~JJL…

Weighing the Impact of Proposed Tax Reform on Centrally Cleared Markets; Please Stop Talking About the VIX So Much; Derivatives Behind Equities Boom or Bust at Europe’s Major Banks Standard

Lead Stories Weighing the Impact of Proposed Tax Reform on Centrally Cleared Markets FinReg|Alert – Q&A with Craig Donohue, OCC Executive Chairman and CEO Tax reform is climbing back to the top of the White House agenda, with President Donald Trump telling The Wall Street Journal last week that overhauling the tax code is his next priority following healthcare legislation. While it’s still tough to project exactly what that tax overhaul might look like, some market participants are already voicing concern about the potential for unintended consequences. bit.ly/2tWRlGg Please Stop Talking About the VIX So Much AQR If anyone reading…