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Author Archives: Jim Kharouf

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Kharouf is CEO of John J. Lothian & Co. and editor-in-chief of John Lothian News (JLN). He edits the John Lothian Newsletter, MarketsWiki and MarketsReformWiki.

What Does Your Cloud Data Look Like? QuantHouse Is Moving Historical Data On-demand To The Cloud Standard

The data cloud shift aims to transform how firms research, trade and evaluate their strategies It’s all about the data. The lifeblood of trading is simply that – data – how to get it, how to decipher it and how to trade off it. The good news for traders is that it is now more accessible, flexible, and researchable than ever, especially with the rapid evolution of cloud technologies. QuantHouse, a market data, algo development and trading infrastructure provider, is pushing hard to move its data to the cloud, a strategy that Pierre Feligioni, co-founder and CEO of QuantHouse, says…

Deep Dive With JLN: How Can The Financial Industry Draw In The Next Generation Of Talent? Standard

Note: Scroll to the bottom to view the video in three smaller segments.  The future for the financial markets is bright, even if the headlines don’t always say so. John Lothian News’ CEO Jim Kharouf sat down with Brian Mehta, chief marketing officer at Trading Technologies, and Doug Monieson, partner at Hyde Park Angels, to talk about what will attract the next generation of traders and professionals into this space. From college outreach programs like TT CampusConnect to a variety of new education, training, competitions and platforms that open the world to new traders with new ideas, both see the…

We All Love Data: Barchart’s Latest Move Continues The Trend Of Firms Pushing Further Into The Data Space Standard

It’s all in the data. Yesterday’s announcement from Barchart about its new commodities data offering, called cmdty, is part of the drumbeat of new products and services that are designed to bring something new to the market participants they serve. “We want to differentiate ourselves,” said Keith Petersen, head of strategy at  Barchart. “Aggregating and compiling new data sets and cleaning them so people don’t have to do that themselves and distributing that to them in easy-to-use formats, that’s our value-add.” In many ways, this is only the beginning for data. In Barchart’s case,  the cmdty product’s focus is on…

How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities Standard

Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. Q: When you look at the AI/machine learning space, where is this industry going and where does it fit in for TT? A: Now we have another tool in our toolbelt. We’ve been providing a new, unprecedented level…

The Patent World Standard

We’re back in court today. On Friday, Nasdaq filed suit against Miami International Holdings, the parent company of MIAX, the youngest of the U.S. options exchange groups. Nasdaq announced it had filed suit for patent infringement and theft of secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. According to Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at Nasdaq.” Nasdaq is asking the court to force MIAX to stop…

Cloudy with clearing: What the next clearing house looks like Standard

John Davidson joined OCC as president and chief operating officer in May with a firm focus on ushering in the next generation of clearing technology for the world’s largest clearing organization. Davidson is one of several recent executive team hires tasked with executing the switch from one established technology platform to something new. This is no small task for Davidson, who reports to OCC Chairman and CEO Craig Donohue and works closely with Scot Warren, OCC’s executive vice president and chief administrative officer. OCC’s ENCORE system now stands at about 20 years old, and while there have been many upgrades,…

Are we seeing the end of Wall Street and the beginning of a new one? Standard

Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven, non-institutional, ‘let’s break the rules,’ radical kind of approach. This non-institutional way of doing things, though less predictable, is much more fun…

How the Cloud is Disrupting Post-Trade Standard

Sernova Financial, a cloud-based post trade utility, is just starting its second year and Calypso Technologies has just taken a minority stake in the company.  Sernova and Calypso already had a partnership offering cloud-based clearing services. The founders of Sernova came from the clearing divisions of top tier banks, where they found the business wasn’t necessarily cost efficient or revenue-generating. So they decided to take post trade services out of the bank and put it in the cloud as a utility. Jaki Walsh, chief product officer at Sernova, spoke with John Lothian News at the IDX Conference in London this…

What Education Does: How The Financial Industry Can Shape Young Minds And Our Industry’s Future Standard

Coming off two weeks of MarketsWiki Education sessions, it’s time to stop and look at education. It’s hard to believe, but most schools – and let’s stick with high schools in the Chicago area – do not have a financial education program built into their curriculum. What a shame. We demand that kids study, build a foundation to master a subject, and excel in their careers, but almost never teach them how to manage the money they earn. Chicago Public Schools is aiming to change that beginning this fall, with a new requirement that all of its students take a…