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Category Archives: Fintech

A roundup of today’s market tech news and a look at tomorrow’s disruptors

Blockchain That Makes Sense: How Post-Trade Digital Ledger Technology Will Make Banks And Brokers Happy Standard

When you talk about the potential for digital ledger technology, words like revolutionary and  transformative are often mentioned. Ray Kahn and Thorsten Peisl are not in the disruptor camp. Yet both left solid jobs in the financial markets and launched blockchain start-ups aimed at bringing new efficiencies to the marketplace. Their message about blockchain was clear at the World Federation of Exchanges annual meeting in Cartagena, Colombia this month. Yes, blockchain is coming. No, it’s not going to turn this industry upside down and replace all of the key functions of the transaction chain. But it will save lots of…

Scott Feldman, ICAP Infinity – The Fintech Evolution Standard

“That ability to communicate well and play [the role of] Google Translate is a differentiating factor for someone in the fintech space. You’ve got to marry the technology with the finance, and a lot of times they don’t speak the same language.”   That ability to communicate is one of the soft skills that people hiring in the fintech space seek in candidates. But the industry looks for many more traits in prospective entrants because fintech is a developing corner of the market and, as such, there is no one template for a dream resume or candidate. According to Scott…

Impact: Navigating Regulation and What Comes Next, Part 1 Standard

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 1 of our three-part series, Phupinder Gill, CEO of CME Group; Drew Shields, CTO of Trading Technologies; Dave Snowdon, co-founder, director and CTO of Metamako; and Hazem Dawani, president and CEO of OptionsCity, provide their thoughts on subjects ranging from issues with MiFID II clock synchronization to the shifting clearing landscape.  

Downey’s Money.net Takes FIA Innovator Award Standard

Market data and information service looks to disrupt the Bloomberg and Reuters space with new ultra-low priced offering The winner of the FIA’s first ever competition for Innovator of the Year at the 2016 Expo in Chicago was Money.net, which was chosen by a panel of industry experts from 18 finalist companies picked from a larger group of fintech applicants. The company, started in 2014 by CEO Morgan Downey, aims to provide the same type of market information as Bloomberg and Reuters for 1/15 of the cost. Money.net is trying to disrupt the market information space, which pulls in $26…

Women in Fintech Panel at Expo Highlights Problems and Solutions Standard

Both women and men gave high marks to the Women in Listed Derivatives-sponsored panel on Women Who Shape Fintech, moderated by Diane Saucier, the president of WILD and client relationship manager at Fitch Learning. Some of the takeaways were: There is still a “confidence gap” between men and women. For example, women are often hesitant to apply for a particular job unless they meet 100 percent of the qualification requirements, whereas men often take a chance even if they only meet 70 percent. Only about 7 percent of entrepreneurs getting funding are women. And there are even fewer in fintech….

A Tangled Web: Exploring The Explosive U.S. Growth Of Options On Futures Standard

Options on futures volumes have been on the rise since the financial crisis. To explore the reasons for the trend, John Lothian News spoke with a variety of industry participants over the course of the summer.  The cause of the increasing volumes is an amalgam of larger trends in the financial industry, and the effects are a bright spot in an overall dark landscape.   Click here to view the article.         

John Lothian: U.S. Stock Exchanges to Overhaul Process for Reopening Trading After Halt; Virtu Never Loses (Well, Almost Never); Will LME consolidate or fragment London’s bullion market? Standard

First Read Bits & Pieces By John J. Lothian This morning we are running the video interview we did with David Lehman of the CME Group about the Live Cattle contract changes the CME is proposing. Pending CFTC approval, the new delivery specs will go into effect later this month. We are also releasing the video from Walt Lukken’s MarketsWiki Education World of Opportunity presentation in Chicago from July. He gave not one, but two great mini-presentations – the first half as an introduction to the industry and the current state, and the second half as a few career tips…

John Lothian: Whistleblowers Are Poised to Collect $100 Million; UK government bonds turn negative in historic rally; London Metal Exchange earnings drop as activity declines Standard

First Read MarketsWiki Education Video Update Yesterday we started on Day 2 of our MarketsWiki Education series from Chicago, and we started off with a bang. The usually low-key Jeff Levoff, partner at DRW gave a rousing and thoughtful presentation on the company’s philosophy, the role of proprietary traders and how that is changing. As this was a version of the talk he gives on college campuses across the nation, it was, shall we say, well received. Also, look below the video for a list of the presentations we have published thus far. We have a lot of fantastic presentations…

John Lothian: CFTC Announces Enhancements to Protect Customer Funds; London market to get new gold futures contracts; Bats Europe targets block trades ahead of Mifid II Standard

First Read Yes, Precious Doug Ashburn, JLN Sometimes the best ideas are worth waiting 139 years for. This morning the World Gold Council and the London Metal Exchange, together with a consortium of banks, announced a planned launch of LMEprecious, a new platform for spot, daily and monthly futures, options and calendar spread contracts for gold and silver, with platinum and palladium planned for down the road. This will mark the second attempt at a gold futures contract at the 139-year-old LME. The previous one, London Gold Futures Market, launched in 1982 and never really caught on. It was shuttered…