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Tag Archives: BATS Options Exchange

MarketsWiki Summer Intern Series, Chicago 2015 – Day Two Blog,Commentary

Technology was the focus on the second day of our MarketsWiki Intern Education Series at IIT. Joseph Niciforo, managing member, HC Technologies, kicked off the program talking about how, as “time frames in trading have compressed to sub microseconds and we approach the speed of light, perhaps there may be room for a different type of trader.” Niciforo started out in the industry under the tutelage of Paul Tudor Jones, who taught him to be disciplined and trade slowly, building his account.  After one trade went spectacularly wrong and he lost a large sum of money, he learned never to…

John Lothian Newsletter: Banks prepare to sell down stakes in data provider Markit; Nasdaq NLX pays off founding members; Guy Who Did Avon Hoax Was Terrible at Hoaxes John Lothian Newsletter,Newsletter

First Read JLN Heads to London JLN Staff Jim Kharouf is off to London today, and John Lothian, Doug Ashburn and intern Colin Ashburn head there on Saturday night. This is gearing up to be a great conference. Much of the industry conversation has moved to Europe, as evidenced by today’s newsletter. Big changes at NLX, an overhaul of all things regulatory as the industry prepares for MiFID II, and the lingering cross-border disputes are but a few of the stories making headlines today and on the docket for IDX We will see if John’s newly partially replaced right shoulder…

Options Industry Perspectives: Exchange Leaders Trade Viewpoints at OIC 2015 Blog,Options

Sarah Rudolph

At the Options Industry Conference this year, the exchange leaders panel directly followed a presentation by Andy Nybo, head of derivatives at The Tabb Group, that offered a rather bleak look at the options industry. Total volume year-to-date was down 8.7 percent compared to a year earlier, bid-ask spreads have been getting wider, and options exchanges are finding it difficult to compete in a field of 12-going on-14 players. Given that “dark cloud” the industry appears to be under, moderator John Lothian asked the panel what the industry could do to turn it around. Exchange leaders agreed that the lack…

John Lothian Newsletter: Hillary Clinton Said to Hire Former Wall Street Cop as Campaign CFO; BATS to Launch Second U.S. Options Exchange; FINRA Board Approves Changes to Communications With the Public Rules, Trading Activity Fee John Lothian Newsletter,Newsletter

First Read Tech Surge: Nasdaq’s Lars Ottersgard on New Developments in the Technology Space JohnLothianNews.com Nasdaq, the world’s first electronic stock market, is almost synonymous with technology, from listings to licensing. John Lothian News spoke with Lars Ottersgard, head of market technology at Nasdaq OMX, at FIA Boca, about what they are providing to marketplaces, brokers, and corporates, and the areas of growth he sees in the tech sector. Watch the video » ++++ A Note of Thanks Ray McKenzie, Pegasys Trading Systems We here at Pegasys Trading wanted to thank all of the attendees at our launch party last…

Five Minutes with Jeromee Johnson Interview,Options,Tech / HFT

Jeromee Johnson

Jeromee Johnson is vice president of market development at BATS Exchange and a leader in developing the BATS Options Exchange. He talked with Sarah Rudolph about BATS Options, the newest of the eight U.S. options exchanges currently operating. Q: Can you give us an update on what’s going on at BATS? A: We just completed the last of our rollout in mid-May following the last wave of options symbology consolidation. We added the last of our formally planned listings, bringing us to offering listed options on close to 2200 underlyings. Following that, in the beginning of June we lifted our…