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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.

Nasdaq Futures Exchange confirms CEO departure Standard

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First Read Hits & Takes JLN Staff Welcome to Movember. Time to stop shaving in the name of men’s health.~JJL CME Group in October raised more than $37,000 from their employees and broader community for their Fourth Annual Pink for a Purpose campaign. Their donations have raised more than $37,000 to fund the early prevention and detection of breast and ovarian cancer. When you combine that amount with their corporate gift, more than $137,000 will be directed to @bebrightpink and over $15,000 will go to @CR_UK.~JJL The 2019 Options Industry Conference registration is now open! You can network with over…

U.S. Market-Manipulation Cases Reach Record Standard

First Read Hits & Takes JLN Staff Happy Halloween from the JLN Staff.~JJL ICE’s third quarter earnings showed net revenues of $1.2 billion, with data and listings generating $642 million of it.~JK All your life you will be associating with people of other beliefs and customs. It is your duty to respect these people for their beliefs and customs, and to live your own. From the Boy Scout Handbook in 1948.~JJL The Consolidated Audit Trail NMS Plan participants published the final technical specifications on Tuesday (link is to the full PDF). It’s 175 pages. Luckily, the participants also released a…

Virtual assets and financial crime now go hand in hand Standard

First Read Hits & Takes JLN Staff NIBA is offering FREE membership in continuation of its 25th anniversary celebration; however, this offer will be discontinued after November 30th. On Wednesday, I am going to down to Pullman to meet one of the people driving the redevelopment activities there. You can read about “Pullman’s Renaissance” in this story from Chicago Magazine. My wife’s stepfather’s family lived near Pullman, and a step-uncle and step-great grandfather worked for Pullman.~JJL Did you catch The Spread this week? This scary October themed episode actually featured special effects, as we conjured Spencer Doar‘s ghostly presence at…

Paul Volcker, at 91, Sees ‘a Hell of a Mess in Every Direction’ Standard

First Read Hits & Takes JLN Staff It is a somber morning in October, given the terrible shooting news in Pittsburgh, PA over the weekend.~JJL In the Best Execution 10th Anniversary edition, there is an interview with Cathy Lyall, co-founder of Seismic Foundry.~JJL Cult Wines is hosting a brief Fine Wine Investment Seminar, November 12, 2018 at 4:15 pm to 5 pm at the JW Marriott, 151 W. Adams St. in Chicago: Profitable Passion: An Introduction to Fine Wine as an alternative asset class is a detailed overview of how an investment in fine wine could benefit your overall portfolio….

At Sell-Off’s Core Is an Earnings Season That’s Consoling No One Standard

Observations & Insight Near and Midterm (Election) Hurdles: An Economic Outlook with CME’s Blu Putnam JohnLothianNews.com “You can’t put the toothpaste back in the tube.” The Fed has its hands full. The midterm elections are right around the corner. The trade war is making Brazil a bigger agricultural player. Here to make sense of it all is Bluford Putnam, CME Group chief economist and managing director. In this video filmed at FIA Expo, Putnam discusses his views on these three challenges facing the economy. Watch the video and read the rest » Lead Stories At Sell-Off’s Core Is an Earnings…

Options Show Big Stocks Poised to Go Wild on `Critical’ Earnings Standard

Lead Stories Options Show Big Stocks Poised to Go Wild on `Critical’ Earnings Luke Kawa – BloombergQuint Investors are especially on edge this earnings season — and for good reason. The tax-induced jolt to profits is waning. Waxing are global growth concerns, interest rates and input costs amid a prolonged trade dispute between the world’s two largest economies. All the while, cyclically significant sectors such as homebuilders and banks are trading like there’s something wrong with the U.S. economy. /goo.gl/Bpgi8i ****SD: It’s been a wild one today. Wall Street volatility gauge jumps as global equities markets drop; ‘Fear gauge’ has…

Investment fund K2 accused of manipulative order ‘spoofing’ by OSC staff Standard

Lead Stories Investment fund K2 accused of manipulative order ‘spoofing’ by OSC staff Barbara Shecter – Financial Post OSC staff allege there were about 60 incidents of ‘impugned trading’ involving derivatives between October and December of 2016 bit.ly/2EA9G1W ****SD: A Canadian options spoofing story! Apparently, folks at K2 would place a small electronic order on the Montreal Exchange via direct electronic access to distort the bid ask spread, initiate chats with bank desks to execute an order on the other side and then cancel the electronic order. In an example given by the OSC, K2 was able to bring down…

U.S. Banks Make Hay of European Trading Rules Standard

First Read Hits & Takes JLN Staff The winner of the Innovator of the Year Award at FIA Expo 2018 was FreightWaves, the company that is creating the first Trucking Freight Futures contracts to help bring hedging to transportation costs, primarily for agricultural companies. Congratulations to the company and to its founder, Craig Fuller. Interestingly, this is the second year in a row that the winner was an “agtech” company (last year’s winner was Tellus Labs). It’s also the third year in a row that Chuck Mackie has correctly predicted the winner.~SR Speaking of Chuck Mackie, here is his writeup…

U.S. midterms a mere blip on equity options traders’ radar Standard

Lead Stories U.S. midterms a mere blip on equity options traders’ radar Saqib Iqbal Ahmed – Reuters Less than a month before the U.S. congressional elections, data suggests equity options traders do not view the election as a big catalyst for setting the direction of U.S. stock market in the immediate aftermath of the vote results. /reut.rs/2ExMqBH ****JB: For a different view on this from Yahoo Finance – Markets think the midterms could be as big as the presidential election Federal Reserve minutes indicate interest rates will have to rise high enough to slow down the economy Greg Robb –…