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Category Archives: Commentary

Commentary from the John Lothian News staff and guests editors.

Trading Tables: T4Youth’s Annual Ping Pong Bash Brings Home $100k Standard

For whatever reason, working in tech and a love of table tennis go hand in glove. That dynamic was on full display Wednesday night at SPiN Chicago during the fourth annual T4Youth Table Tennis Tech Tournament. More than 400 people from Chicago’s trading and tech community gathered for a night of fun competition all benefiting the Chicago Tech Academy (ChiTech), a charter school in Chicago focused on STEM education for minority and low-income students. The event, co-founded by Objective Paradigm, 3Points Communications and SPR, raised more than $100,000 for the second year in a row. There were 51 teams from…

FANG+ Puts the UMPH Back into the Markets and Exchange Competition Standard

Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group resteal the Russell index complex from ICE, returning the contracts to the CME where they were  in 2007. The FANG+ sprang from this exchange…

ABN AMRO Loves Fidessa Standard

The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC. He is driving this installation and rollout of Fidessa’s systems at ABN. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said on Monday from London in a telephone interview. He noted Fidessa has previously…

Looking for Continued Growth, SGX Goes West Standard

Singapore Exchange has had a good stretch of late. The exchange’s fiscal first quarter results were reported on October 25, showing approximately $149 million in revenues, a 7 percent year-over-year increase, and net profits of $66 million, a 9 percent year-over-year rise. In a move to bolster such growth, SGX announced the opening of SGX America and a corresponding Chicago office on October 17. The opening represents the exchange’s first brick-and-mortar presence in the United States. The office may have started with just two people in a temporary workspace, but SGX CEO Loh Boon Chye sees the American branch as…

Are you on the right side of Bitcoin history? Standard

1997 or 1637? Shortly after JLN was published yesterday the news broke that the CME Group would be listing bitcoin futures in the fourth quarter of the year, joining the Cboe in such an offering. The price of bitcoin surged to new highs? Why did the price go up? Because a new group of suckers,…errr, new traders would be reached with this news and want to buy bitcoin. Why would they want to buy it? Because it is going up of course. Greed. Why are the CME Group and Cboe offering bitcoin futures? Because, it is 1997 and you have…

VIX Bits: The Thermometer Isn’t Broken Standard

On the 30th anniversary of the ‘87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had an analogy for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time that’s happened since 1971. Is that weird? Yes. Is it worth noting?…

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…

The Kooky News for Friday the 13th Standard

Befitting the day, there are indeed some weird happenings in our markets. First, recall the release yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], 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…

We All Love Data: Barchart’s Latest Move Continues The Trend Of Firms Pushing Further Into The Data Space Standard

It’s all in the data. Yesterday’s announcement from Barchart about its new commodities data offering, called cmdty, is part of the drumbeat of new products and services that are designed to bring something new to the market participants they serve. “We want to differentiate ourselves,” said Keith Petersen, head of strategy at  Barchart. “Aggregating and compiling new data sets and cleaning them so people don’t have to do that themselves and distributing that to them in easy-to-use formats, that’s our value-add.” In many ways, this is only the beginning for data. In Barchart’s case,  the cmdty product’s focus is on…