Breaking News

Author Archives: Chuck Mackie, Contributing Editor, John Lothian News

About Author

CryptoCon 2018 – Impressions Standard

You practically can’t walk down the street these days without bumping into a conference, seminar, or MeetUp about blockchain and cryptocurrencies as the bitcoin fever of 2017 has metastasized into a cottage industry bent on “figuring it out.” If the results from last week’s FinTank CryptoCon are any indication, the crypto industry is further along than you thought but still very much in its early stages. Aside from its name, which has to make any branding expert cringe, CryptoCon was excellent in terms of the quality of the speakers and breadth of material covered, not to mention strict adherence to…

Highlights from the International Blockchain Conference Standard

The Innovation and Development Foundation (IDF) presented the International Blockchain Congress at mHub on February 9 and it was a bit like taking a train trip on Amtrak; it started late, got a little bit later at each stop along the way, and somehow still managed to be rewarding at the same time. The event highlighted how many exciting projects and developments are taking place with blockchain, the dynamic international community that is propelling progress, and just how hard it still is to separate the gold from pyrite at this point. Highlights from the conference included: Still struggling with blockchain…

WILD Women Make Sound Investment Decisions Standard

Women will have $22 trillion of investing wealth by 2020. Now that women actually have their own money, they – like men – need to know how to make it grow with savings and investments. Women are projected to have $22 trillion of the investing wealth by the year 2020 – they had better know what to do with it. Women in Listed Derivatives (WILD), which has become well known for its efforts in the advancement of women in the financial industry, brought together another room full of highly accomplished women on Tuesday for a panel on Women and Personal…

No, Not the VIX – the VSTOXX Standard

Even your dog has heard of the VIX, the Chicago Board Options Exchange’s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at a popular Randolph Street restaurant to share the latest about VSTOXX and  Rival Systems’…

How the Cloud is Disrupting Post-Trade Standard

Sernova Financial, a cloud-based post trade utility, is just starting its second year and Calypso Technologies has just taken a minority stake in the company.  Sernova and Calypso already had a partnership offering cloud-based clearing services. The founders of Sernova came from the clearing divisions of top tier banks, where they found the business wasn’t necessarily cost efficient or revenue-generating. So they decided to take post trade services out of the bank and put it in the cloud as a utility. Jaki Walsh, chief product officer at Sernova, spoke with John Lothian News at the IDX Conference in London this…

On The Move: Vela Makes its second fintech acquisition in the last two months, acquiring Object Trading in addition to the OptionsCity deal that closed in June. Standard

Vela Trading Technologies has been on an acquisition binge since rebranding from its former incarnations as SR Labs and Wombat Financial Software – at least, if you can call two a binge. Less than a month after buying OptionsCity, the fintech company that provided electronic options and futures trading, Vela has announced it will acquire Object Trading, a global direct market access provider located in London. According to Vela’s CEO, Jennifer Nayar, Vela is very strong in the market data space but not as much in direct market access, and the Object Trading acquisition helps Vela to be a “much…

2017 Sullivan Award Winner Gina McFadden Looks Back at a Long and Lively Career Standard

At this year’s Options Industry Conference in Scottsdale, Arizona, Gina McFadden received the 2017 Joseph W. Sullivan Options Industry Achievement Award, the first woman to do so since the award began in May 2002. McFadden, the former president of the OIC, joined the company about a year after it first got off the ground, so she was involved with its early growth, developing the organization’s first advertising campaign. “It was marketing and education, and it was for a great reason. But it was work to get it off the ground,” she said. The options exchanges were of course competitors, but…

Context for Compliance: The Big (Bad) Behavior Picture Standard

Analyzing all the trading data out there is difficult, especially for regulatory purposes. Compliance officers have to take the big picture into account when examining data for bad behavior in the markets. Jim Austin, the CEO of Vertex Analytics, Inc., announced that it was National Bring Your Daughters and Sons to Work Day during his FinTech Exchange Conference presentation, and put some children to work on stage to demonstrate the evolution from pit to screen trading and the importance of compliance officers. “Everyone knows the floor is not there anymore,” Austin said. “But all that was tracked back then was…

Trading Fortunes Depend on a Mysterious Antenna in an Empty Field; Goldman Sachs’s Waning Dark Pool Revamped to Woo More Trades; An Algorithm, an ETF and an Academic Study Walk Into a Bar Standard

First Read All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure Jim Kharouf – JLN U.S. equity options leaders said today’s market structure needs fixing and vowed to work together to address it at the Options Industry Conference in Scottsdale, Arizona. Among some of the structural problems are a perceived lack of liquidity, a rigid regulatory structure that has supported the fragmentation of markets, and a concentration of volume on a relatively small number of listings. Kevin Kennedy, who serves as senior vice president, head of U.S. options at Nasdaq, called for the exchanges and participants…