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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

Virtu and KCG – A Tale of Technical Leverage?; Cowen in talks to buy Convergex; Wall St volatility gauge closes at highest level of 2017 Standard

Observations & Insight Bits & Pieces By John J. Lothian John Lothian News has learned that OCC President and COO Mike McClain has resigned and left the organization. His last day was two days ago when the OCC held a goodbye event in Chicago. The official narrative is that he left for personal reasons, including the continued attention to his wife, who is battling illness. Other sources have cited the high turnover the OCC has seen in recent years and some of the pressures at the core of that for McClain’s departure. McClain had been with the OCC for 15…

Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited; Acting SEC chair plans test to lower exchange fees; Cowen Group in talks to buy brokerage Convergex Standard

First Read Bits & Pieces By John J. Lothian John Lothian News has learned that OCC President and COO Mike McClain has resigned and left the organization. His last day was two days ago when the OCC held a goodbye event in Chicago. The official narrative is that he left for personal reasons, including the continued attention to his wife, who is battling illness. Other sources have cited the high turnover the OCC has seen in recent years and some of the pressures at the core of that for McClain’s departure. McClain had been with the OCC for 15 years…

US Options Volume Slips in February as Volatility Retreats Further ; ‘Crisis fatigue’ on show as hedging absent in face of stock shock; Suddenly, stock-market investors fear Trump will drop the fiscal-policy baton Standard

Observations & Insight Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series – video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion…

SEC Shortens Settlement Window for Stock, Bond Trades; Banks Trimming Compliance Staff as $321 Billion in Fines Abate; EU to formally veto Deutsche Boerse LSE merger shortly – sources Standard

SEC

First Read Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series — video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion purchase…

Blame options expiration, not politics, for stock-market pullback, says top quant; Lessons From The greatest macro trader you’ve never heard of; What to Make of the Lowest VIX Ever Standard

Observations & Insight Westminster attack: man shot after police officer stabbed and several injured in related incident – live updates The Guardian /goo.gl/nzJxlT ****SD: Much is still unknown about what exactly happened in London today. The link above is a good resource and provides up-to-date details about the apparent terrorist attack. ++++++ FIA 2016 Year in Review FIA I’m proud to share with you FIA’s 2016 Year in Review, detailing the work we have done on behalf of our industry and membership over the past year. This year, we’ve introduced a new format for the annual report that allows you…

ETF Trading Glitch Fuels Worries Over Modern Markets; Teza sells high-speed trading as lucrative business sours; ICE delays launch of clearing for London gold benchmark Standard

First Read Bits & Pieces By John J. Lothian The LME came to Chicago yesterday for a straightforward marketing presentation and attracted a room full of Chicago futures market participants. They laid out their business, plans and factors impacting them in a well done program. The big news out of LME is the June 5 launch of its precious metals futures; gold and silver. Here is a FAQ about their offering. John Lothian News is bringing its MarketsWiki Education World of Opportunity series to New York on July 11 and 12. Sign up will open up June 1. Nasdaq will…

Sterling Trading Tech to Acquire CBOE’s Livevol X Trading Platform; Teza sells high-speed trading as lucrative business sours; Placid markets mask investor fear that equity turmoil looms Standard

Observations & Insight Bits & Pieces By John J. Lothian This morning we present the first of our MarketsWiki Education World of Opportunity videos from Stockholm. Peter Fredriksson of Baymarkets is the first up with a story about Stockholm. My phone experienced a series of text messages yesterday as NYSE Arca Equities had electronic trading problems late in the day. Here is the System Status page with the details on the problem. It was ten years ago when I went to the FIA Boca Raton conference with an idea: MarketsWiki. It was there I pitched various firms about the idea….

NYSE Arca Suffers Glitch During Closing Auction; High-Frequency Traders Fall on Hard Times; Threat or Opportunity? Blythe Masters Talks Blockchain Jobs Impact Standard

First Read Bits & Pieces By John J. Lothian This morning we present the first of our MarketsWiki Education World of Opportunity videos from Stockholm. Peter Fredriksson of Baymarkets is the first up with a story about Stockholm. My phone experienced a series of text messages yesterday as NYSE Arca Equities had electronic trading problems late in the day. Here is the System Status page with the details on the problem. It was ten years ago when I went to the FIA Boca Raton conference with an idea: MarketsWiki. It was there I pitched various firms about the idea. I…

Cost of Protecting Against Market Swings Is at Its Highest Ever; DRW’s Don Wilson bets on a return to market volatility; Managing Duplicate Reporting Under CAT Standard

Lead Stories Cost of Protecting Against Market Swings Is at Its Highest Ever Cecile Vannucci – Bloomberg While the CBOE Volatility Index declined last week, the cost of protecting against large market swings has surpassed a peak hit following the Brexit vote, reaching a fresh all-time high. bloom.bg/2nWFnFg ****SD: Aka, so quit talking about a low VIX. DRW’s Don Wilson bets on a return to market volatility Gregory Meyer and Philip Stafford – Financial Times Don Wilson says his company is “in the business of taking risk”. DRW, named after his initials, is one of the world’s largest proprietary trading…