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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.

Markets calm in the face of March madness; For Once, the Fed Is Showing It’s Smarter Than the Markets; Politics Hedges Become Pain Trade for Europe Stock Investors Standard

Observations & Insight Vision: What Richard Sandor Saw And Still Sees In Carbon Markets JohnLothianNews.com Richard Sandor has seen just about everything in his career as the “father of financial futures.” From creating the first interest rate futures contract to founding the Chicago Climate Exchange, he tells it all in his latest book, “How I Saw It: Analysis and Commentary on Environmental Finance”. He spoke with John Lothian News about just how far carbon markets have come since 1999. “It’s amazing to me, where we came from in the last two decades and during the period of this book, from…

Mystery of Russian Crime Gang, ADM Brokers Solved in U.K. Court; SEC poised to shorten settlement cycle for securities trades; The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul Standard

First Read Boca Bits JLN Staff During the exchange leaders panel, panelists were asked what company and city would dominate swaps clearing in 5 years. During CME Group CEO Terry Duffy‘s response, he (again) raised the spectre of the CME Group moving out of Chicago by refusing to say where CME would be headquartered in a half decade. The consensus from the Washington Outlook panel was it will be extremely difficult for any reforms (read Dodd-Frank) to make it through Congress, so significant regulatory shifts will emerge from the agency level. Chris Giancarlo got a standing ovation at FIA Boca,…

OCC Educating Lawmakers on Potential Impact of Tax Reform on Listed Equity Options Market; Low VIX Got You Down? These Fear Gauges May Do the Trick; Does the CBOE takeover of BATS go against the spirit of MiFID? Standard

Lead Stories OCC Educating Lawmakers on Potential Impact of Tax Reform on Listed Equity Options Market Craig Donohue – OCC Last November?s national election results brought dramatic change to Washington, D.C., not only in the White House, but also on Capitol Hill. One of the areas that OCC and the U.S. Securities Markets Coalition has been paying close attention to is the issue of comprehensive tax reform and its potential impact on the U.S. listed equity options markets. Over the past three years, policymakers from both parties have proposed a variety of financial product tax reform proposals that could impact…

Virtu Financial Makes Bid to Acquire KCG Holdings; Ovation for new CFTC chief reflects hopes, raises risks; US regulator reveals broad push to revamp derivatives rules Standard

First Read How do we make American markets great again? Keep it simple, stupid. Spencer Doar – JLN CFTC Commissioner Christopher Giancarlo detailed his plan for the agency after being nominated by President Trump as chairman of the Commodity Futures Trading Commission on Wednesday at FIA Boca. Gene Simmons would be proud — the new initiative is called Project KISS (Keep It Simple, Stupid). KISS has three key goals: fostering U.S. economic growth, enhancing markets and “rightsizing” the agency’s footprint. All of these tie into Giancarlo’s overarching point about the agency — it has lost sight of its regulatory goals….

Traders Pile On Long Positions As Nifty Hits Lifetime High; China to Allow Onshore Bond Buying via Hong Kong This Year; Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges Standard

Lead Stories Traders Pile On Long Positions As Nifty Hits Lifetime High Agam Vakil – Bloomberg The Nifty 50 index advanced 1.7 percent on Tuesday hitting a new lifetime high of 9,122 on an intraday basis and even managed to close above the 9,000-mark for the first time on record. The index, which was trading in a tight range for the last couple of weeks, soared to record highs after Prime Minister Narendra Modi’s party secured an impressive mandate in the country’s largest state. bit.ly/2n0dFu6 China to Allow Onshore Bond Buying via Hong Kong This Year Bloomberg China will allow…

Trump Nominates J. Christopher Giancarlo as CFTC Chairman; Trump Picks a Regulator Who Could Help Reshape Dodd-Frank Act; Untested Robo-Advisers Are Becoming a Big Market Risk Standard

First Read Don Wilson Gobsmacks Regulators in First FIA Boca Panel By John J. Lothian In a power-packed first panel at the FIA International Conference in Boca Raton, Florida, DRW founder Don Wilson gobsmacked the regulators with a directly-to-the-point opening statement. Here it is: “When it comes to regulatory costs, I describe what we’re in now as an era of “gotcha” regulation. Enforcement arms of regulatory agencies are more interested in collecting fines and generating headlines than in making markets better. I am hopeful that, under the new administration, regulatory agencies will work with market participants to make the markets…

The FBI is Organizing an International Fight Against Binary Options Fraud; Volatility, Stocks in Strange Dance; Wall Street lower as oil drop hits energy stocks – Fed eyed Standard

Observations & Insight Take Our Survey: Please John Lothian News Yes, we do love technology and maybe you can too. Help us out with a 3-minute JLN survey so we can learn a bit more about our readers as well as what you like and what you don’t like about our publications and websites. It’s also a great place to leave us comments and suggestions for future content and services. If you fill it out, you could win an Amazon Echo, which answers just about everything but cannot take our survey. Here’s the link to the survey. Alexa says thanks!…

U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets; Senior U.K. central banker quits over disclosure failings; EU adopts rules to curtail executive pay, avoid short-term investing Standard

First Read Take Our Survey: Please John Lothian News Yes, we do love technology and maybe you can too. Help us out with a 3-minute JLN survey so we can learn a bit more about our readers as well as what you like and what you don’t like about our publications and websites. It’s also a great place to leave us comments and suggestions for future content and services. If you fill it out, you could win an Amazon Echo, which answers just about everything but cannot take our survey. Here’s the link to the survey. Alexa says thanks! ++++…

Wall Street Has Found Its Next Big Short in U.S. Credit Market; US equity ‘fear barometer’ hits highest level since after the election; Why is the Binary Options Industry not Fighting Back? Standard

Lead Stories Wall Street Has Found Its Next Big Short in U.S. Credit Market Rachel Evans and Matt Scully – Bloomberg Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall. It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they’re catching the eye of hedge-fund types who think some may soon buckle under their debts, much the way many homeowners did nearly a decade ago. jlne.ws/2mjyGNi ***JB: Is “big short” like “jumbo shrimp”? US equity ‘fear barometer’ hits highest level since after the…