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Category Archives: Mwiki

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…

Deep Dive With JLN: How Can The Financial Industry Draw In The Next Generation Of Talent? Standard

Note: Scroll to the bottom to view the video in three smaller segments.  The future for the financial markets is bright, even if the headlines don’t always say so. John Lothian News’ CEO Jim Kharouf sat down with Brian Mehta, chief marketing officer at Trading Technologies, and Doug Monieson, partner at Hyde Park Angels, to talk about what will attract the next generation of traders and professionals into this space. From college outreach programs like TT CampusConnect to a variety of new education, training, competitions and platforms that open the world to new traders with new ideas, both see the…

Information and Cyber Security for the Futures Industry; A Perspective by VSEC, LLC Standard

The founders of a information and cyber security advisory firm have written a must read white paper for the futures industry about the business and regulatory challenges of cyber security and how to manage them. VSEC, LLC is an information and cyber security advisory company. Founding partners John Falck and Mike Phillips have many years experience in the derivatives industry, with both of them originally working for O’Connor & Associates through the Swiss Bank and UBS mergers. Business and regulatory requirements for information and cyber security are changing rapidly. In the futures industry, FCMs, prop traders, brokers, CTAs, CPOs and…

TradingScreen Statement Standard

“Both the Chairman of the Board and the CEO of TradingScreen strongly contest the allegations repeated in your article of October 12th. Every allegation made is false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO, 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 is a majority shareholder of TradingScreen nor does he represent a majority of shareholders or even speak for the majority of shareholders. Thus, the…

Geneva Trading Helps Students Get Real World Experience Standard

Our MarketsWiki Education Recruiting Intern Event is less than two weeks away! As our sponsor firms gear up to meet with students from all over the Midwest, we interviewed Geneva Trading’s, President and CEO, Rob Creamer, about what they are looking for and what students can expect interning at the proprietary trading firm.

Cybersecurity is very, very tough: How a SIFMU’s cyber chief sees the threat Standard

The OCC’s new chief security officer talks about risks and prevention.  It’s alarming and getting ugly. The Equifax hack in March compromised the personal information of an estimated 40 percent of the United States population. The Bangladeshi central bank is down $81 million after the SWIFT messaging system was hacked in early 2016. The SEC recently disclosed that a 2016 hack of its EDGAR database may have resulted in trading on nonpublic information for personal gain. Then there are the cyber breaches of retailers: Target in 2013, which settled for $18.5 million, and Home Depot in 2014, which settled for…

Business and Friendship Went Together For Leo Melamed, Bob Wilmouth and Leslie Rosenthal Standard

Leo Melamed lost two good friends in the last few days in Bob Wilmouth and Les Rosenthal. I stopped by Melamed’s office to share my condolences and have him share some thoughts on these two futures industry leaders. He told me the futures industry as a whole lost two people who were critical to the success of the industry in the U.S. and who worked with him to help create what the late Merton Miller called the “modern era of finance.” He told me how these two CBOT leaders became his good friends. It was the threat of a transaction…

Robert K. Wilmouth Passes Away; Remembered as Respected Industry Leader and Colleague Standard

Robert K. Wilmouth, the founding National Futures Association president and CEO, passed away yesterday, the NFA said. Wilmouth served as head of the newly formed NFA from 1982 to 2003. He was succeeded by Dan Roth, who recently retired from the role and was replaced by Tom Sexton. Wilmouth also served as the president of the Chicago Board of Trade for about five years. He was brought to the exchange by then exchange chairman William D. Hagerty, Jr. Wilmouth’s futures industry career was preceded by some 27 years in banking, beginning in 1950 at the first National Bank of Chicago….

How to be a Successful Trader – Jennifer Wilson Standard

“People who do well, they stick around. They invest more money and make the markets more efficient. People who don’t do well generally move on pretty quickly to other opportunities.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jennifer Wilson, partner at DRW, discusses what it takes to be a successful trader in today’s markets. When Wilson was starting out in the late ‘90s, the floor was a microcosm of pure commerce. Traders were doing what was best for their book which created a steady balance of supply and demand. In today’s electronic markets, things operate…