“Having the chance to be on the front lines working with the markets is an invaluable experience no matter what you do in the industry, no matter where you end up or what path you take.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Donna Heidkamp, executive director at RJO Futures, talks about her first internship with the CME and how it shaped her future. Heidkamp says high volatility is what the industry needs to keep things moving in a positive direction. When volatility is low, people get antsy and start making emotional decisions.
Author Archives: Mike Forrester
“Take the opportunity. Take the risk. Understand the risk but go for it anyway. Failure is part of the journey, but success is the reward.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Nikolai Larbalestier, AVP enterprise architect at Nasdaq, discusses three technologies that could potentially disrupt the market: distributed ledger technologies, artificial intelligence, and quantum computing. With the emergence of bitcoin and other cryptocurrencies, Larbalestier says the technology is there to insure that the exchanges “catch the wave” and are not overrun. The goal at Nasdaq is to use this technology to adapt to the…
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 on Tech Upgrade MIAX – MIAX Options Exchange Celebrates 5th Anniversary
” I had brokers with very large decks telling me to my face that they’ve never traded with a woman, they weren’t going to trade with me and that I shouldn’t take it personally… A lot of those same guys became awesome friends, but we had a real rocky start.” In this profile video from John Lothian News, Carolyn Leonard recalls her journey through the volatile world of trading at the Chicago Board Options Exchange beginning in the late ’70s. Leonard started trading after a divorce, with two young children in tow and in need of a fresh start….
“Personally, I see it as our industry undergoing a new technological reformation, and I think it’s as significant as moving from the trading pits to matching engines.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Chip Dempsey, chief commercial officer at OCC, discusses cryptocurrencies and what effect they’ll have on markets. Dempsey says the emergence of cryptocurrencies is the beginning of a new age in finance, and using a shared ledger has enormous cost control implications.
“We’re trying to ensure market integrity, we’re trying to make sure investors are protected and we’re making sure all of our members are doing the right thing and following all the rules.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Jim Hourihane, compliance manager for the National Futures Association, breaks down how the NFA works and what kind of opportunities present themselves in compliance. With mountains of data in the financial sector, one of the goals of the NFA is to make sure that market and member data is safe and secure. Hourihane says the NFA’s new…
In this video from MarketsWiki Education’s Intern Recruiting event in Chicago, Ed Tilly, chairman and CEO of Cboe Global Markets, discusses how changes in technology force you to adapt to stay ahead of the curve. Tilly breaks down what’s going on in the exchange space and how the Cboe has changed over the years. With the explosion of screen trading and the end of open outcry trading, exchanges have had to roll with the punches and make sure customers are happy. Tilly’s goal is to bring transparency and liquidity to the marketplace.
A JLN debut! The Spread is a brief weekly recap of some of the notable activity in the options world. (It won’t always be this crypto heavy – we swear.) The following are stories referenced in this week’s episode of The Spread: WSJ – What Could Stir Up the VIX? Higher Inflation Bloomberg – Pound’s Acid Test on Brexit Is Yet to Come for Options Traders Highly Evolved Vol Blog – The Crowded Short Vol Trade JLN – Cboe Throws Launch Date Punch at Crosstown Rival CME Bloomberg – Congress Passes Two-Week Spending Bill to Avoid Dec. 9 Shutdown
With the launch of the first bitcoin futures only a couple of days away, JLN asked Lanre Sarumi, the CEO of the quantitative analytics software firm Riskbone as well as CEO of Level Trading Field, a free online financial news and analytics platform, what traders should know before taking the plunge into this very new product. Sarumi spoke about who will be trading the fledgling futures and why, the differences between the proposed contracts at Cboe, CME and Nasdaq, and some strategies traders might use to make the most of the current bitcoin mania. For those who want to…