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Goldman Sachs desk’s huge Feb profit; Eurodollar options bet pays big Standard

Observations & Insight Trump cancels Kim summit amid North Korea ‘hostility’ BBC US President Donald Trump has cancelled a planned summit with North Korean leader Kim Jong-un. /goo.gl/MKxJQS ****SD: Bu-bu-but the White House already released the commemorative coin!?! ++++++ Options Exchange Landscape and Misc. Notes It’s time for another fun slide from Trade Alert President Henry Schwartz’s “State of the Industry” presentation at the Options Industry Conference. This slide lays out the pricing structure of the soon-to-be 16 options exchanges and those structures’ respective marketshare. MIAX’s Shelly Brown discusses that 16th options exchange, Emerald, in an Options Exchange Leader Series…

U.S. Launches Probe into Bitcoin Price Manipulation; Fed to consider Volcker Rule modification Standard

First Read Hits & Takes JLN Staff Word has it that Kraken is about to open an office in Chicago, following a move by Coinbase aimed at attracting institutional customers to their exchanges.~JK The tZERO and BOX Digital Markets deal announced Tuesday could completely disrupt the venture capital and capital raising space, Patrick Byrne, CEO of Overstock.com, the parent of tZERO, told me. More to come on that next week.~JK ALTSO’s Rocktoberfest London event is right around the corner – June 6.~SD A quick note on the Italian bond futures story yesterday, Italy Rout Wipes Five Billion Euros From Bond…

FX volatility hopes; $100 a Barrel Oil Wager Standard

Observations & Insight The Options Industry Leader Series 2018 – NYSE’s Ivan Brown Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Ivan Brown, NYSE’s head of options, talks about launching options on the FANG+ index, implementing a complex price improvement auction mechanism, and the resiliency of U.S. options markets. Watch the video here » ****SD: See the press release in our “Exchanges” section for more on the FANG+ offering. ++++++ Italy Rout Wipes Five Billion Euros From Bond Futures Market James Hirai – Bloomberg The sell-off in…

Sweeping Overhaul of Bank Rules Clears U.S. House Standard

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First Read Hits & Takes JLN Staff A follow up to our top read article yesterday: A story in the Mid Sussex Times on the death of HSBC’s Cian Burke reported that he died after a collision with a tractor near Splayne’s Green in the UK, while riding with his son Tom and a friend.~JK The Executives Club of Chicago event “Bitcoin Boom: Defining Chicago’s role in the Cryptocurrency Market event” on Tuesday featured Sunil Cutinho, president of CME Clearing, who said blockchain will not be the clearing disruptor some believe. He said real time settlement on the blockchain may…

The Options Industry Leader Series 2018 – NYSE’s Ivan Brown Standard

In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Ivan Brown, NYSE’s head of options, talks about launching options on the FANG+ index, implementing a complex price improvement auction mechanism and the resiliency of the U.S. options markets.  Produced by Mike Forrester Interview by Spencer Doar    

Sincere Flattery and Competition Standard

“Imitation is the sincerest form of flattery,” wrote English cleric and writer Charles Caleb Colton. The NYSE and Nasdaq have flattered each other plenty over the years as they competed globally in the exchange and OTC market space. It often seemed there was not a move NYSE made that Nasdaq did not try to match or top, and vice versa. The imitation here is not that NYSE matched Nasdaq by naming a woman, Stacey Cunningham, as head of the exchange to counter Nasdaq’s Adena Friedman. Rather, both exchanges chose the best qualified candidates for the role of president or CEO….

Citadel ups its game; BOX and tZERO plan token exchange Standard

Observations & Insight The Options Industry Leader Series 2018 – Cboe’s Andy Lowenthal Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Andy Lowenthal, Cboe executive vice president and co-head of markets, talks about transitioning Cboe’s exchanges to Bats technology, the plan for more crypto offerings, and bringing the industry together to focus on market structure issues. Watch the video here » Lead Stories Exclusive: Citadel Securities ups ETF game as part of growth push John McCrank – Reuters Citadel Securities LLC has entered the lead market making…

Stacey Cunningham Named NYSE President; CFTC crypto guidance; SONIA on CurveGlobal Standard

First Read Hits & Takes JLN Staff Congratulations to Stacey Cunningham, who will become the NYSE’s first female president on Friday. She spoke at our MarketsWiki Education event in New York in 2015.~JK RCM Alternatives has done an autopsy on LJM, whose Preservation and Growth Mutual Fund, LJMIX, was decimated by the market action on February 6.~JJL The CME Institute is having a U.S. Treasury Futures simulated trading competition starting June 10 at 5 p.m. Central Time. The top three finishers will receive “up to $2,500 in prizes.” You can go here for the rules and to register.~SR CAIA is…

The Options Industry Leader Series 2018 – Cboe’s Andy Lowenthal Standard

In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Andy Lowenthal, Cboe executive vice president and co-head of markets, talks about transitioning Cboe’s exchanges to Bats technology, the plan for more crypto offerings and bringing the industry together to focus on market structure issues.   Produced by Mike Forrester Interview by Spencer Doar