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Tag Archives: AI

How AI Will Invade Every Corner of Wall Street; Brussels ends Mifid fears with US derivatives trading ruling John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Mutual Admiration Society member Steve Grob has a blog post titled “Bitcoin futures – the best idea ever?“~JJL Lanre Sarumi, the CEO of Level Trading Field, is chumming the bitcoin waters with a blog post on Coindesk.com titled “Bitcoin Futures: Make Way for a New Kind of Whale.~JJL According to Coindesk’s State of Blockchain Q3 2017 report, the top five best performing cryptocurrencies of the quarter (through 9/30) were Pura (return of 2666 percent), NoLimitCoin (return of 1334 percent), Triggers (return of 856 percent) Rise (return of 771 percent) and AdEx (return…

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

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…

How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities Blog,Feature,Fintech,Interview

Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. Q: When you look at the AI/machine learning space, where is this industry going and where does it fit in for TT? A: Now we have another tool in our toolbelt. We’ve been providing a new, unprecedented level…

The Massive Hedge Fund Betting on AI; U.S., EU fines on banks’ misconduct to top $400 billion by 2020 John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Former JLNer Doug Ashburn‘s mom, Margaret Anne “Margie” Ashburn, 72, of Creve Coeur, died Saturday, September 23, 2017 at her home. Details on services are posted here. Our sincere condolences go out to Doug and Nancy Ashburn and family. PricewaterhouseCoopers Global FinTech Report 2017, reported that 77 percent of survey respondents in financial services are expected “to adopt blockchain as part of an in production system or process by 2020.” ~JK And now a note from a great musician Matt Scharpf of Eurex. “Once again I am participating in Rocktoberfest sponsored by…

The High-Speed Trading Behind Your Amazon Purchase; Traders used poker games and food menus to make a killing off illegal trades and cover it up but then AI found out; LSE shareholders: no need for board overhaul if tie-up tanks John Lothian Newsletter,Newsletter

First Read JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint JohnLothianNews.com CBOE Holdings arguably had its biggest year in history in 2016 with the purchase of Bats Global Markets for $3.2 billion. The deal expanded CBOE’s footprint in the securities space in the US and in Europe, plus forex as well. It also provided a new technology platform to keep CBOE competitive. Read the rest and watch the video » ++++ CloudMargin gains traction: Remote processing and storage is here to stay in financial services Spencer Doar – JLN There is no more…

UK court upholds ICE Trayport sale order; State Street to Start Voting Against Companies That Don’t Have Women Directors; AI technology to replace 90,000 buy-side jobs by 2025 John Lothian Newsletter,Newsletter

First Read Rosenthal Collins Group Appoints Matthew Straight CIO Press Release Rosenthal Collins Group LLC (RCG), a leading independent futures clearing firm, announced the appointment of Matthew Straight as its new Chief Information Officer and Executive Vice President. Straight joins RCG with 26 years of experience in technology leadership, engineering and financial services. /goo.gl/KxUjxm **JK: Congrats to Matthew and to RCG. ++++ Trade like a girl; Trading desks in the asset management industry are dominated by men, but this patriarchal trend is beginning to shift as women on the buy-side are uniting to encourage others to join the sector. Hayley…

Market grows for ‘regtech’, or AI for regulation; This Startup Is Using A.I. to Speed Up Financial Compliance; Elizabeth Warren urges Barack Obama to fire SEC chief Mary Jo White John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Jim Kharouf Next week is one of the biggest weeks of the year for the industry, with FIA Expo in Chicago from October 18th (opening night) to October 20th. John Lothian News will be publishing two interesting pieces in the coming days that we hope will serve as discussion points during the show and beyond. JLN Associate Editor Spencer Doar has put together a special news report on the growth of options on futures. That segment of the business has grown dramatically in recent years and may continue to be one of the growth…