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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

UK pensions could plug gaps with derivatives; Millenium closing Prediction Company Standard

Observations & Insight Tuesday’s Notes Damage caused by Hurricane Florence is estimated to be as high as $27 billion. It is approximately 900 miles away from North Carolina. Apparently, Renaissance Technologies has a 4.64 percent stake in Cboe. Some more stories about the repercussions of the financial crisis: –NY Times -> From Trump to Trade, the Financial Crisis Still Resonates 10 Years Later –Financial Times -> Backdrop for the next financial crisis is brewing –New Yorker -> The Real Cost of the 2008 Financial Crisis –MarketWatch -> Here’s what J.P. Morgan says could cause the next financial crisis –Bloomberg ->…

Crypto Exchanges Embrace Controversial Practices; Weathering the financial crisis; Hurricane season Standard

First Read US marks 9/11 with somber tributes, new monument to victims AP Americans are commemorating 9/11 with somber tributes, volunteer projects and a new monument to victims, after a year when two attacks demonstrated the enduring threat of terrorism in the nation’s biggest city. / ***** The fire department by my house has a moving display of American Flags and signs documenting the various key events of the 9/11 day from 17 years ago. We shall not forget.~JJL ++++ Hits & Takes JLN Staff Today we have a report from JLN on CMT, reported by contributing editor Chuck Mackey….

The Chicago Ecosystem For Crypto Assets And Blockchain Technology – Colleen Sullivan, CMT Digital Standard

“In order to have a healthy ecosystem for a new industry you really need four components. One is government involvement/regulatory clarity, two is academic institution involvement, three is trade associations and other advocacy groups and the fourth is the involvement of the startup community and mature institutions.”  The state of Illinois has been involved early and often in the cryptocurrency space. In this MarketsWiki Education video, Colleen Sullivan, CEO of CMT Digital, talks about what differentiates Chicago from other cities when it comes to digital assets.   Produced by Mike Forrester    

Beijing summons top Wall Street bankers for tariff talks; Life lessons from Lehman Standard

First Read Hits & Takes JLN Staff The 85th Annual Market Structure Conference from the Securities Traders Association, titled “Shaping the Future” will be on October 3 to 5 at the JW Marriott in Washington, DC. Charlie Cook, Political Analyst and Editor of The Cook Political Report will be Friday’s featured speaker. FIS is holding a webinar SPOTLIGHT: Margin in 2018” on September 13.~JJL The CTA Expo this week is presenting Leo Melamed with the seventh CTA Expo Lifetime Achievement Award for his contributions to the managed futures industry.~JJL CME Group’s Tim McCourt gave a terrific MarketsWiki Education World of…

The Spread – The Colo Down-low – 9/7 Standard

“The Spread” hasn’t covered Aurora, Ill. during its time on the web. We tick that box in this week’s recap.  Stories referenced:  Data Center Dynamics – CyrusOne installs 350ft tower for fast wireless access to Illinois campus (From January 2018) Crain’s Chicago Business – Data center company sues Aurora over telecom tower World Intellectual Property Review – Nasdaq patent review dropped, but court clash continues   Produced by Mike Forrester    

WFE Response to “the Committees”; Robinhood aims for IPO Standard

Observations & Insight Friday’s Notes Spencer Doar – JLN President Trump indicated he is has another $267 billion worth of Chinese goods to add to the tariff list “if he wants.” In case you missed its publication in April, OCC President and COO John Davidson published A Decade After the Financial Crisis, These Lessons Can’t Be Forgotten. It’s worth a revisit now for obvious reasons. There have been plenty of stories about the financial crisis and its aftershocks to highlight this week, but the following – Millennials Are Sitting Out the Bull Stock Market by Barry Ritholtz for Bloomberg –…

Rules for CEOs, Senior Managers, Interns and Bob’s Kids – Bob Fitzsimmons, Wedbush Standard

“Understand the implications, the ramifications of what you do – what it does downstream and what it does upstream. Understand the whole process.”  What do “Patton,” “The Right Stuff” and “Goodfellas” have in common? They’re all used by Bob Fitzsimmons, executive price president at Wedbush Securities, to illustrate commonsense, but not necessarily common, rules to live by.    Produced by Mike Forrester

The Growing Value of Data – Oliver Albers, Nasdaq Standard

“When I started in this business, data was very, very uncool. Trust me.”  Data is not uncool any longer. Consider that every minute there are more than 12 million texts sent and more than 4.3 million YouTube videos watched. It is estimated that humanity’s accumulated digital data haul will be more than 44 trillion gigabytes by 2020.  There is even a band called Big Data.  In this video from MarketsWiki Education’s New York event, Nasdaq’s Oliver Albers, senior vice president and head of strategic partnerships for global information services, talks about the value to be had in the ever-growing data economy. …

Nasdaq vs. MIAX lawsuit update; SIP reforms on horizon?; Commodities revenue Standard

Observations & Insight X_TRADER Transformed The Industry: Now It’s Time To Do It Again Jim Kharouf – JLN The announcement that Trading Technologies will be shutting down its X_TRADER platform is not a big surprise. But what that platform has done over its 25-year lifespan certainly is. And what the new TT platform may do in the coming months and years may be equally astounding. Taking a look back, there’s not a single ISV trading platform that has had a greater impact on the industry than X_TRADER. Launched in 1994, the technology that included patented breakthroughs like the ubiquitous price…