Breaking News

Tag Archives: BATS Global Markets

FinTech Exchange: Clay on Innovating During CBOE’s Corporate “Middle Age” Feature,Options,Video,video

Albert Einstein published his theory of general relativity when he was 36. Vincent van Gogh painted Starry Night when he was 36, and Mozart wrote 626 works before dying one month before turning 36. The CBOE turned 44 in April. In that context, Catherine Clay, CBOE’s vice president of integration strategy and operations, addressed how a company that has reached middle age continues to reinvent itself. For her, two keys are process and partners. By process, Clay refers to the CBOE’s weekly software release cycle which begins each Sunday. “The weekly release schedule that is gospel not only gets new…

JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint Feature,Mwiki,Video,video

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. “It’s taking this unique product set and distributing it across a much broader geography with a much more diverse business development platform,” said Ed Tilly, chairman and CEO of CBOE. “So we’re going to leverage that presence in London.” Next, CBOE is turning its attention toward the migration of…

Market Calm Back as Short-Term Volatility Falls Most Ever; OCC News; Post-Trump About-Face Triggers 2 Rare S&P Signals Newsletter,Options

Observations & Insight 2016 Could Be The Year Of The CEO By Jim Kharouf, JLN Editor-in-Chief Forget the Chinese New Year plunge, Brexit, The Donald or even the Cubs. This is also shaping up as the year of the new CEO, with exchanges and clearinghouses especially, in moves that could reshape our markets in the coming years. The two biggest CEO changes came within days of each other, with Terry Duffy taking the reins as CEO at CME Group from Phupinder Gill and Adena Friedman at Nasdaq, taking over from longtime CEO Robert Greifeld at the start of 2017. They…

John Lothian Newsletter: Banker Accused of $25 Million Fraud Arose From a Gilded Legacy; U.S. judge rejects 14 banks’ bid to throw out rate-rigging lawsuit; Bats to Provide Market and Trade Data to Money.Net John Lothian Newsletter,Newsletter

First Read A Most Interesting Charity Challenge Without Cold Water By John J. Lothian I have a challenge for the readers of this newsletter that does not involve cold water, but does include a donation to the Futures For Kids charity. The week before the FIA Boca Raton International Conference news broke that Dos Equis spokesman Jonathan Goldsmith, known as “The Most Interesting Man in the World” was being replaced by the beer maker with a younger replacement. You could be the next MIMITW. Here is the plan. You need to shoot and share with us an audition video for…

John Lothian Newsletter: Market fears are feeding on themselves; Exchanges warn against giving brokers power over key decisions; Swedish Bank Move Creates a Global Shudder John Lothian Newsletter,Newsletter

First Read Five-Decade Market Pro Who Called Bond Rally Sees 1% U.S. Yields Andrea Wong – Bloomberg Gary Shilling sees Treasury gains as global rates go negative; Former Merrill Lynch top economist says this cycle is unique A year ago, with U.S. equities approaching record highs and the Federal Reserve moving toward raising interest rates, Gary Shilling was a lonely voice on Wall Street predicting financial-market gloom in the 12 months ahead. goo.gl/IoHWsq ***** I am just hoping to get a 3% 30-year mortgage soon.That would be the rate my parents had for the house I grew up in. ++++…

John Lothian Newsletter: Bill Introduced to Require Hedge Funds to Disclose Holdings More Frequently; Regulators step up efforts to stop spoofing; The illiquidity trap in Treasuries? John Lothian Newsletter,Newsletter

First Read Expo Bits & Pieces, Day 1 JLN Staff Yesterday was the first full day of 31st Annual FIA Expo Chicago, and from our vantage point, the conference is shaping up to be among the best ever. Sure, it helps that we are experiencing unusually balmy temperatures for November. One exchange executive said to me yesterday, “it feels more like an FIA Boca than an Expo.” One of the highlights of the day was the showing of MarketVoice’s video on the closing of the trading floors. Quite a nostalgic trip for many of us in the room. But after…

Kapil Rathi, BATS – Start Your Career with Confidence Video

“What are your opportunities?  You’re starting with a clean slate.  You haven’t done anything wrong to anyone — yet. Nobody hates you day one. I call it the honeymoon period.” If you’re starting a new job, have your house in order, literally.  Kapil Rathi, vice president of options business strategy with BATS, focused his talk on the all-important moments at the very beginning of a new job or career.  While confidence is key in nearly all endeavors, there are some simple steps that, if executed properly, put people in a position to succeed before even completing day one.  When it…

John Lothian Newsletter: BATS exchange offers plan to boost volume in thinly traded stocks; Hong Kong Poised to Top Japan as World’s No. 3 Stock Market; CFTC Defers LME’s Application, Cites Warehouse Delays John Lothian Newsletter,Newsletter

First Read Why most millennials don’t invest in the stock market By Jillian Berman The kids are scared of the stock market. Just 26% of people under 30 are investing in stocks, according to a survey published Thursday by Bankrate.com, a personal finance site. That’s compared with 58% of people between the ages of 50 and 64. jlne.ws/1EgeZeA ***** This is an issue I have been concerned about since the financial crisis hit. I know how the Great Depression impact the psychology of an entire generation, turning many into hoarders. ++++ Mike Bloomberg is formally knighted by UK By David…

John Lothian Newsletter: Trading Floors Can’t Feed Africa; New BATS chief steps in amid volumes peak; Algorithmic traders invade $42 trillion bond futures market John Lothian Newsletter,Newsletter

First Read Shining Star: SGX’s Ramaswami Says Asia Risk Mitigation Still In Early Stages JohnLothianNews.com When exchanges look at growth areas, Asia gets top ranking. The Singapore Exchange, which has positioned itself as the Asian gateway for international traders over the past 30 years, now sees great potential in the decades ahead. Muthukrishnan Ramaswami, president of SGX spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, and said the exchange is ready to expand geographically through technology upgrades and by asset class as well, especially in FX and commodities. Watch the video » ++++ Billy Salomon’s…