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Author Archives: Sarah Rudolph

About Author

Rudolph is the managing editor and head of editorial operations at John Lothian News (JLN).

JLN Profile: George Gero’s long winding road through the futures industry Standard

George Gero started out as a floor clerk on the New York Stock Exchange in 1959. He has been a witness to the growth and changes in the markets over the years, becoming a member of NYMEX, COMEX, the American Stock Exchange and PHLX later on.  In this John Lothian News Profile, Gero talks about some of the changes he has witnessed, and participated in, throughout his long history in the markets, from the birth of the West Texas Intermediate (WTI) crude oil contract on NYMEX, through decimalization and of course the technology revolution, which changed the entire culture of…

EU Parliament and ECB Taking a Look At Cryptocurrencies Standard

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Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.”  There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing papers do guide the discussions, there is no reason to expect shifts in today’s slowly evolving bank regulatory…

FinTank WealthTech Chicago Event Standard

FinTank, the Chicago-based fintech incubator, extended its recent run of successful financial conferences, this time teaming with Morningstar to take a look at the changing landscape of wealth management at WealthTech 2018. Topics covered included robo-advising and AI, but the meat of the material focused on the area of cryptocurrencies, with separate panels on crypto exchanges and ICOs. As is so often the case with panel discussions on these types of topics, there were tempting tidbits of information and some interesting observations but a lack of clarity and cohesion in the final analysis. You simply can’t do a complex and…

Rumi Morales Announces Joining Outlier Ventures at “Launch, Lunch & Learn” Standard

Rumi Morales, the former head of CME Ventures, is now a partner at the London-based blockchain investment company Outlier Ventures. She and Jamie Burke, the CEO of Outlier, announced the news and spoke about the company’s plans Wednesday to a packed room at the Connectory in Chicago’s Merchandise Mart. Morales will head up Outlier Ventures’ Chicago branch, which the company expects to be a launch pad for expansion into the rest of the U.S. She and Burke said they are looking 3-5 years ahead of what’s going on in crypto and other technology right now, and are focused on the…

More Exchange News for Today Standard

CME to add options for Black Sea grain futures Reuters Staff CME Group is to introduce options contracts for its Black Sea wheat and corn futures as it seeks to further develop the derivatives targeting a major export zone. https://goo.gl/177vT9 Nasdaq Commodities to Launch European Spot Market Nasdaq, Inc. STOCKHOLM, Sweden, June 26, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) Commodities today announced a plan to offer Day Ahead Auction Markets for Electricity in Germany, France and the Nordics alongside the existing Power Futures contracts. The implementation of Capacity Allocation & Congestion Management (CACM) aims at promoting effective competition in the…

Regarding the Pope and Credit Default Swaps Standard

By James M. Falvey, Contributing Editor, John Lothian News I once made the mistake of asking a Jesuit Priest what university he attended. The Jesuit, Father Phil, put down his pen and pad of paper, rubbed his hand over his forehead and back over his shiny scalp, grabbing onto the few grey strands left.  “Do you really want to know?” Phil asked me. “Yes, absolutely,” I said. “Okay. Which one?” “You went to more than one school?” I asked, sensing that there was not a quick and easy answer to my question. “Yep. Around ten.” Father Phil had a couple…

Notes from Consensus – Day 3 and Recap Standard

Consensus ended with a short, half-day of sessions on Wednesday, but the energy and number of participants was not diminished in the slightest. In fact, you might have thought that they were giving jobs away for free by the number of bright, young (and some old) faces that bustled at the afternoon job fair. Unlike a run-of-the-mill industry conference, where attendees linger more as a sign of duty, those at Consensus were energetic and boldly inquisitive. If only one in a hundred does well, that will be 85 new crypto millionaires out to make the world a better place. The…

Notes from Consensus 2018 – Day 2 Standard

As expected, Day 2 of Coindesk’s Consensus conference lacked some of the energy and fireworks of the first day but it did manage to defy what seems to be a law of nature: fewer people in attendance at the second day of an industry event when compared to the first. In this case, Coindesk announced that total registration ticked up to over 8,500 and it was definitely harder to fight the lines for lunch on the second day compared to the first. Somehow I survived. Beyond that, there was the expected slew of mostly underwhelming corporate enterprise announcements, some insights…

Notes from The Trading Show Chicago 2018 Standard

Terrapinn’s Trading Show has established itself as a sure sign of spring in Chicago, and while the past few years have found the event swinging heavily to a focus on the technology side of trading, including chips, servers, databases and connectivity, the 2018 edition of the show had a strong leaning towards…you guessed it: cryptocurrencies. Everywhere you go in financial markets in 2018, bitcoin and other cryptocurrencies are sure to be there. The exhibitors at the conference still skewed to the hard technology side (let’s face it, all of trading is touched by technology at this point) but the open…