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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

Exceed targets Cboe in trade secrets case; New options broker Matrix eyes China; Risk Alchemy Standard

Lead Stories Exceed Investments targets Cboe Options Exchange in trade secrets case Maria Nikolova – FinanceFeeds Exceed accuses Cboe Options Exchange of Fraudulent Inducement, Promissory Estoppel, Breach of Contract, Misappropriation of Trade Secrets, and violations of the Federal Defend Trade Secrets Act. bit.ly/2yCxEV3 Derivatives broker Matrix eyes China’s options market Jack Ball – Global Investor Group Matrix in talks with ‘three or four’ Chinese exchanges for options listing – CEO New derivatives broker Matrix is targeting China’s nascent options market, one month after US electronic broker ITG took a minority share in the project. Speaking to FOW, chief executive officer…

SEC Approves Chicago Stock Exchange’s ‘Speed Bump’ for Trading; Trading Firms Fear Mutiny on MiFID Passport Data Standard

First Read Hits & Takes By JLN ICE has made the inaugural Fortune Future 50 list, their ranking of companies best positioned for breakout growth.~JJL The FIA Expo panel on the geography of fintech was a draw regarding which city is best – London, Frankfurt/Berlin, Chicago, Boston or New York. But noted places of envy were the fintech sandboxes in Ontario and London.~JK Quote of the day comes from Kyle Zasky, partner at the investment bank SennaHill Partners, who said large banking institutions are at risk of being disrupted by fintech start-ups if they do not embrace and invest in…

LSE CEO to step down by end of 2018; SEC Names J.P. Morgan Executive as Top Regulator of Exchanges Standard

First Read Derivatives Industry Joins Forces to Launch Futuresfundamentals.org Education Resource CME Group Today at FIA Expo, the largest gathering of futures market participants in the world, futuresfundamentals.org was launched to provide information and curriculum for learners of all levels to understand the role that derivatives markets play in the global economy and our everyday lives. /goo.gl/SAjgAm ***** This is big news for the industry and holds great potential to help it tell its story to new potential customers and professionals. It could be a great growth driver for the years to come if done well.~JJL ++++ Hits & Takes…

Deep Dive: The Boom In Big Data Could Mean Democracy For All Standard

Note: Scroll to the bottom to view the video in three smaller segments.  The global financial markets are facing perhaps the biggest technological cycle in its history, with the growth of faster technology and the advent of cloud and now new data mining tools. JLN’s Jim Kharouf spoke with Drew Shields, chief technology officer at Trading Technologies and Julie Armstrong, executive director, global head of market technology services at CME Group about the latest trends in data and how that is reshaping the industry. Armstrong said that the industry trend may be toward a common data format, or even a…

SEC to give MiFID reprieve; Big exchanges ask SEC to hold off on fee cap plan; Capital rules and clearing risks Standard

First Read Hits & Takes By JLN Staff FIA EXPO is opening in Chicago today after some opening parties last night. We look forward to a great week of conducting interviews in the Cinnober booth on the EXPO exhibit hall, attending the sessions and seeing too many readers and industry friends to be counted. Feel free to stop us and say hello if you see any of the JLN team.~JJL One year ago the Dow sat at 18,086. Yesterday, the index touched the 23,000 mark for the first time. Give it another 13,000 points and Kevin Hassett and James Glassman…

CBOE Holdings Becomes Cboe Global Markets; Clearing Stress Tests; SGX Chicago Office Standard

First Read Hits & Takes Welcome to Deep Dive, our new show that features in depth conversations with key professionals in the industry. Our first two shows include key professionals from Trading Technologies. Today, Brian Mehta, chief marketing officer, is joined by Doug Moneison, partner in Hyde Park Angels, along with Jim Kharouf, who hosts the show. The first episode delves into the topic of where the industry is going to get the next generation of talent, what we have to offer and the rise of new firms that aim to attract new traders. You can watch the show in…

Cohn Says Clearinghouses Could Create New Systemic Problem; EU and US agree to accept each other’s derivatives rules Standard

First Read Hits & Takes Jenny Knott stepped down as CEO of NEX Optimisation. FIA is hiring two people for its communications department: a director of communications working with senior management to develop, implement and coordinate our overall press and public relations strategy and thought leadership; and a director of editorial services managing member and industry communications, the production of editorial content and the delivery of that content to multiple audiences across multiple channels. More information is available HERE.~JJL Registration is now open for CMC’s annual State of the Industry Conference in Miami Beach — January 28-30, 2018~JJL Asia Pacific…

The Kooky News for Friday the 13th Standard

Befitting the day, there are indeed some weird happenings in our markets. First, recall the release yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses and attempting to cover it up, as well as for other corporate malfeasance. This individual neither…

Push for MiFID II Delay; Libor settlement; Bond volatility Standard

Observations & Insight The Kooky News for Friday the 13th Spencer Doar – JLN Befitting the day, there are indeed some weird happenings in our markets. First, recall the release in Observations yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses…