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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.

Monster ICO has bedbugs, CorpFin says in first public letter Standard

crypto markets update 2

Monster ICO has bedbugs, CorpFin says in first public letter Anne Sherry – Wolters Kluwer As it promised it would do earlier in the month, the SEC has published the first “bedbug” letter on EDGAR. The letter from staff of the Division of Corporation Finance concerns a proposed token offering by Monster Products, Inc. Rather than engage with the registrant through the comment letter process, the staff explained that Monster’s Form S-1 contains such serious deficiencies that CorpFin will not perform a detailed examination of the filing. /goo.gl/EixXq9 Blockchain provider to launch crypto exchange this month; Trade.io readies for launch…

Investors seek cover as trade battles rattle world markets Standard

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Observations & Insight The Spread – Week of 6/25 to 6/29 JohnLothianNews.com Looking for something to take your mind off of the summer heat? Well, we have a GEM of a “Spread” for you. (Yes, we talk about Geneva Energy Markets this week.) Watch the video and see the stories referenced here » ++++++ AI is changing this industry. Now what? Jim Kharouf – JLN I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world. What is patently clear is that AI is here now…

Crypto startup to acquire US broker-dealer Standard

crypto markets update 2

Crypto startup to acquire US broker-dealer; Crypto platform Uphold will buy broker-dealer JNK Securities and will apply to operate an alternative trading system (ATS) in the US. Hayley McDowell – The Trade Cryptocurrency trading platform Uphold has confirmed plans to buy broker-dealer JNK Securities in a bid to enter more regulated markets and reach institutional investors /jlne.ws/2KgwDta Crypto Coin Tether Defies Logic on Kraken’s Market, Raising Red Flags Matthew Leising, Mira Rojanasakul, Demetrios Pogkas and Brandon Kochkodin – Bloomberg In the traditional world of securities exchanges, it would be akin to defying gravity. But at Kraken, one of the most…

Traders Are Still Haunted by the VIX Five Months Later Standard

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First Read Hits & Takes JLN Staff A big thank you to the JLN staff for all the hard work to get CryptoMarketsWiki.com launched on Wednesday. Matt Raebel and Thom Thompson led the page development, with the graceful editorial help of JLN Managing Editor Sarah Rudolph. Jeff Bergstrom led the effort to build the new wiki from a technical standpoint and put in long hours to make it work. Chuck Mackey was indefatigable in searching for sponsors. Thank you to Jim Falvey for his help with legal questions surrounding the project and Tom Cashman for his help navigating legal and…

New crypto platform with ex London Stock Exchange strategy chief on board aims for institutional investors Standard

New crypto platform with ex London Stock Exchange strategy chief on board aims for institutional investors Jasper Jolly – City AM A new trading platform for cryptocurrencies targeted at institutional investors will launch today in London with a former top executive at the London Stock Exchange (LSE) on its board. /jlne.ws/2MtvXxi The People Leading the Blockchain Revolution Nathaniel Popper – WSJ The blockchain is a technology that is supposed to be all about distributing power and information away from central authorities. But many individuals have been crucial in pushing the technology forward. Here is a look at some of the…

Jeffrey Tessler elected as Eurex Frankfurt and Eurex Clearing Chairman Standard

First Read Rumi Morales Announces Joining Outlier Ventures at “Launch, Lunch & Learn” Sarah Rudolph – JLN Rumi Morales, the former head of CME Ventures, is now a partner at the London-based blockchain investment company Outlier Ventures. She and Jamie Burke, the CEO of Outlier, announced the news and spoke about the company’s plans Wednesday to a packed room at the Connectory in Chicago’s Merchandise Mart. Morales will head up Outlier Ventures’ Chicago branch, which the company expects to be a launch pad for expansion into the rest of the U.S. She and Burke said they are looking 3-5 years…

Hedge Fund Managers See Echo of Past Crashes in Markets Standard

First Read Hits & Takes JLN Staff CryptoMarketsWiki.com will be launched later today in what we are describing as a soft launch. More details to come.~JJL Eurex Clearing announces its first US-based general clearing member, INTL FC Stone US.~JJL Had enough of this planet? Want to get off? You are in luck. Become a citizen of the nation of Asgardia and hope it makes good on its promise to colonize the moon (it already has 200,000 citizens and a government).~JB ++++ FIA IDX 2018 – Coalescing Liquidity, Periodically JohnLothianNews.com Cboe Europe CEO Mark Hemsley recalls how a few years ago,…

Crypto Markets News from John Lothian News – June 27, 2018 Standard

crypto markets update 2

Crypto Collapse Spreads With Hundreds of Coins Plunging in Value Olga Kharif – Bloomberg Finder.com says more than 80% of tokens dropped in price; Weekly survey finds average decline in value of 19 percent The meltdown in Bitcoin is weighing on more than the biggest cryptocurrency. Over 80 percent of 1,586 digital coins Finder.com tracks in a weekly survey decreased in price in the past seven days. The tokens fell 19 percent on average, Finder.com found in the week ended June 25. /jlne.ws/2lB2eaj Facebook eases ban on cryptocurrency related ads Reuters Facebook Inc on Tuesday decided to allow certain ads…

Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel at their own game Standard

First Read Hits & Takes JLN Staff OCC’s rebranding video has a very “Birdman”-esque percussion accompaniment. (But then again, I’m a biased drummer.) The full lowdown on the OCC’s rebranding can be found here.~SD FIA is a recruiting a new director of compliance and regulation for its European policy and regulation team in London. The new hire will replace Robert Barnes, who is leaving his role as director of regulation later this summer to rejoin the UK regulator, FCA, as part of its Brexit team. Rob originally joined FIA in 2013 from FCA, where he had been part of the…