“Having the chance to be on the front lines working with the markets is an invaluable experience no matter what you do in the industry, no matter where you end up or what path you take.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Donna Heidkamp, executive director at RJO Futures, talks about her first internship with the CME and how it shaped her future. Heidkamp says high volatility is what the industry needs to keep things moving in a positive direction. When volatility is low, people get antsy and start making emotional decisions.
Category Archives: MarketsWiki Education
“Take the opportunity. Take the risk. Understand the risk but go for it anyway. Failure is part of the journey, but success is the reward.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Nikolai Larbalestier, AVP enterprise architect at Nasdaq, discusses three technologies that could potentially disrupt the market: distributed ledger technologies, artificial intelligence, and quantum computing. With the emergence of bitcoin and other cryptocurrencies, Larbalestier says the technology is there to insure that the exchanges “catch the wave” and are not overrun. The goal at Nasdaq is to use this technology to adapt to the…
“Personally, I see it as our industry undergoing a new technological reformation, and I think it’s as significant as moving from the trading pits to matching engines.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Chip Dempsey, chief commercial officer at OCC, discusses cryptocurrencies and what effect they’ll have on markets. Dempsey says the emergence of cryptocurrencies is the beginning of a new age in finance, and using a shared ledger has enormous cost control implications.
“We’re trying to ensure market integrity, we’re trying to make sure investors are protected and we’re making sure all of our members are doing the right thing and following all the rules.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Jim Hourihane, compliance manager for the National Futures Association, breaks down how the NFA works and what kind of opportunities present themselves in compliance. With mountains of data in the financial sector, one of the goals of the NFA is to make sure that market and member data is safe and secure. Hourihane says the NFA’s new…
In this video from MarketsWiki Education’s Intern Recruiting event in Chicago, Ed Tilly, chairman and CEO of Cboe Global Markets, discusses how changes in technology force you to adapt to stay ahead of the curve. Tilly breaks down what’s going on in the exchange space and how the Cboe has changed over the years. With the explosion of screen trading and the end of open outcry trading, exchanges have had to roll with the punches and make sure customers are happy. Tilly’s goal is to bring transparency and liquidity to the marketplace.
Jim Kharouf Resigns as CEO of John J. Lothian & Company, Inc.; Will Continue Work with Company in Freelance Role
Jim Kharouf is stepping down as CEO of John J. Lothian & Company, Inc. at the end of the year after having assumed the role on January 1, 2017. Kharouf is leaving the company as an employee, but will continue to work with John Lothian News and John Lothian Productions as an independent contributor. He will also be exploring his own bespoke initiatives, including in the Fintech sector. Despite accomplishing much during his tenure at the company and as CEO, Kharouf is departing after philosophical differences with Executive Chairman John Lothian over the direction of the firm and management issues….
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…
Our MarketsWiki Education Intern Recruiting Event is on Monday! As our sponsor firms gear up to meet with students from all over the Midwest, we interviewed the Chief Operating Officer at Nasdaq Futures, Steve Sladoje, about their highly valued internship program and the opportunities for intern graduates.