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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.

Researchers Discover Two Major Flaws in the World’s Computers; MiFID II’s First Day Comes Off Without Glitches Standard

First Read Hits & Takes By JLN Staff What’s hot: palladium. What’s not: lead. What’s been kind of interesting: lumber. ~SD The music streaming service Spotify has decided to go with a direct listing on the NYSE rather than a traditional stock offering – the most prominent company to try that route. This news comes, unfortunately for Spotify, directly on the heels of a lawsuit against the company for $1.6 billion over copyright infringement. The songs in question come from the catalogues of the likes of Tom Petty, Neil Young, The Doors and more. ~SD CQG’s Pat Kenny will moderate…

Mifid II launch overshadowed by futures delay; Ex-UBS Trader Says Bank ‘Mandated’ Conduct That Led to Libor Ban Standard

First Read Hits & Takes By JLN Staff OCC announced that 2017 volume reached the third highest total cleared contract volume ever.~JJL Jessica Darmoni will be moderating a panel at #STAC’s MidWinter Meeting on Artificial Intelligence and how it will influence future traders and analysts.~JJL Want a job with the NFA? Click here to learn more.~JJL CME Group averaged 16.3 million contracts per day in 2017, up 4% from 2016.~JJL John Sodergreen’s Risk Desk has an interview with CFTC Chairman Giancarlo on page 11 of the latest edition.~JJL Nasdaq PHLX LLC has given “Notice of Withdrawal of a Proposed Rule…

Europe begins countdown to Mifid II; How high-frequency trading hit a speed bump Standard

First Read Hits & Takes By John J. Lothian Welcome to 2018! Today we begin work on invoicing readers of this newsletter and their firms for the 2018 subscriptions. If you would like to receive a firm or individual invoice, please contact me directly at johnlothian@johnlothian.com Thank you to all of our loyal subscribers who have helped support this newsletter, now in its 18th year. You have allowed us to grow our offerings to continue to help you, the industry and beyond understand our markets. At John Lothian News we believe in market-based solutions for the problems facing the world….

Bastion of Financial Stability Is Now Home to Marijuana Startups and Bitcoin Miners; Watch Out VIX: Nasdaq Amps Up Volatility Game Standard

First Read Hits & Takes JLN Staff Spencer Doar is getting better and better with his “The Spread” weekly video riff on options trading news. This week is his BEST yet. ~JJL According to the CDC’s report on mortality in the United States, male life expectancy decreased from 76.3 years to 76.1 years in 2016 compared to 2015. Meanwhile, female life expectancy remained the same at 81.1 years. ~SD Seismic Foundry, a fintech fund run by Bill Templer, Cathryn Lyall, David Feltes, Jeff Gale and Brendan Bradley, made its first investment in fintech start-up Kite Edge. ~JJL Yesterday’s JLN Options…

Bitcoin and the Value of Financial Freedom; Atlanta’s Intercontinental Exchange seeks to trade bitcoin funds on NYSE Standard

First Read Hits & Takes JLN Staff Women in Listed Derivatives, an organization that promotes career advancement and professional relationship-building among women in the OTC & Listed Derivatives Industry, announced its North American board of directors for 2018. The five open board seats will be filled by: Katie Cleland, Elizabeth Cook, Caroline Gillard, Ellen Greene, and Leslie Sutphen. You can find the announcement HERE.~SR ADMIS is heading to the beach for their annual Introducing Broker conference. This year’s event was held in Clearwater Beach, FL.~JJL CQG hosting a Live Ask Me Anything Event today at 2:30 CT.~JJL Yesterday’s JLN Options…

US exchanges to face lawsuit over dealings with HFT; TCI fails in bid to oust London Stock Exchange chairman Standard

First Read Hits & Takes JLN Staff Hamilton’s Report on Manufactures: Hamilton reasoned that to secure American independence, the United States needed to have a sound policy of encouraging the growth of manufacturing and ensure its future as a permanent feature of the economic system of the nation. @Wikipedia~JJL Beware – next time you’re surfing around the internet, you might be the victim of “cryptojacking”, websites that “hijack” your CPU to mine a particular cryptocurrency (though not bitcoin as that mining now requires specialized, higher power hardware). The folks at Merriam-Webster better be taking a lot of notes on all…

Bitcoin Futures Prices Fall in CME Debut; Why the Germans are right about economics Standard

First Read Hits & Takes By JLN Staff RJO has shot a holiday video featuring Gerry Corcoran and some of their staff. They even sang “Santa Baby,” featuring employees from across the organization. ~JJL Interesting, or a yawn? Day one futures volumes in Bitcoin at CME totalled 1,088 contracts with open interest of 233. Cboe posted volume of 4,127 contracts on its first day, a wild price day and 1179 in the January contract yesterday. ~JK You can make a donation to your favorite charities by using Amazon Smile when you buy items from Amazon. Go to Smile.Amazon.com.~JJL The New…

Duelling bitcoin futures go head-to-head as CME launches contract; Big Clampdown on Derivatives Has a Bitcoin-Shaped Hole Standard

Observations & Insight The Spread – Week of 12/11 – 12/15 JohnLothianNews.com Our second installation of The Spread! The Spread is a brief recap of some of the notable activity in the options world. The following stories are referenced in this week’s installment: Bloomberg – Robinhood Is Making Even More Trades Free, Taking on the Options Market   WSJ – Volatility Is Low But Ambiguity Is Sky High   Eurex – Low-Volatility 2017 Marks High Demand for VSTOXX   Business Insider – Trader ’50 Cent’ lost $197 million betting on market meltdown   CFO – Options Clearing Corp. CFO Focuses…

Duelling bitcoin futures go head-to-head as CME launches contract; How Systematic Internalizers Will Change Trading Standard

First Read Hits & Takes JLN Staff The CME Group’s bitcoin futures, launched last night, have traded 740 contracts as of 8:00 this morning CST. The Cboe’s bitcoin futures, one-fifth the size of the CME’s contract, traded 2941 by the same time.~JJL The CME Group’s Bitcoin futures prices can be seen HERE. ~JJL The CFTC has launched a virtual currency resource web page. ~JJL MexDer turned 19 years old in the last few days. Congratulations to them on their anniversary. ~JJL The @JohnLothian Twitter account has returned to the #1 spot for financial news tweeting as ranked by the website…