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Inflationary VIX shock potential and other vol catalysts; Bitcoin pushback Newsletter,Options

Observations & Insight North Korea says U.S. threats make war unavoidable as China urges calm Soyoung Kim, Heekyong Yang – Reuters Two American B-1B heavy bombers joined large-scale combat drills over South Korea on Thursday amid warnings from North Korea that the exercises and U.S. threats have made the outbreak of war “an established fact”. /goo.gl/g6LF1Y ****SD: We’ve made it this far in the “year of low volatility.” This North Korea update and the below Palestinian story are two of the first things I see scanning my feeds this morning. The other story I saw? Bitcoin hits $16k. No words……

“Unwarranted” G-SIB reqs; Scared of the CAT; Vol comeback welcome Newsletter,Options

Observations & Insight   Bitcoin rockets above $5,000 to all-time high Jemima Kelly – Reuters Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. jlne.ws/2yjA2jC ****SD: There will be plenty of crypto talk at FIA Expo next week, especially as exchanges progress with their nascent endeavors to launch crypto products. However, I still am not certain what percentage of people who talk about digital currencies/blockchain actually know what the heck makes…

CAT to boost cybersecurity threat?; FX markets stuck in low-volatility; Light trading volume in banks’ results Newsletter,Options

Lead Stories Audit Trail Could Boost Cybersecurity Threat, Exchanges Say Benjamin Bain – Bloomberg CBOE’s Concannon sees little benefit gained for greater risk; SEC facing calls to delay CAT until security can be ensured Stock exchanges could become more exposed to cyberattacks through a trade database being built to help U.S. regulators police markets, industry executives said Tuesday. jlne.ws/2ygTyNx ****SD: Not to be lost in this ongoing discussion: SROs helped write the requirements for the CAT. FX Markets Are Stuck in Low-Volatility Quicksand With No Escape Dani Burger – Bloomberg Currency markets are trapped by low volatility and only a…

Building a Foundation – JB Mackenzie Feature,MarketsWiki Education,MWEd,Video,video

“Ask yourself if you’d be interested in an operations or compliance job. Because that gives you a foundation to help you excel.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, JB Mackenzie, director of futures and forex at TD Ameritrade, talks about the importance of understanding every detail about the technology influencing your industry of choice and how it can be a useful springboard for a successful career.   Mackenzie went to college in hopes of becoming a doctor, but after taking organic chemistry, he realized it wasn’t for him. He went into consulting in New…

Goldman Sachs Finds Itself in Unusual Spot – Last Place in Trading; Banks May Need $50 Billion New Capital After Brexit; Bitcoin’s Civil War – What You Need to Know John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff On October 16, John Lothian News will be holding a one day intern recruiting event and a session of MarketsWiki Education’s World of Opportunity series at the CBOE. The purpose of the event, timed to occur the Monday of FIA Expo week, is to attract college students to hear from industry leaders and have them talk to participating firms about internship opportunities. Interns will be able to drop off resumes, interact with firms recruiting teams and even shoot a one minute video interview that will be shared with participating firms. They will…

Britain Hasn’t Been This Politically Risky in 40 Years; Machines Poised to Take Over 30% of Work at Banks, McKinsey Says; Insider trading probe into Deutsche Boerse CEO still open: prosecutor John Lothian Newsletter,Newsletter

First Read Hits and Takes By JLN Staff + Special Guest, Ray McKenzie Six years ago, we had the idea to bring A Leg To Stand On‘s Rocktoberfest to Chicago and the results have been astounding. We have now hosted five Rocktoberfests and, in the process, raised over $400,000 for A Leg To Stand On. We couldn’t be happier with how things have turned out. For those who don’t know, Rocktoberfest began in New York City 14 years ago as a group of music-loving members of the financial community came together to make music and raise funds for ALTSO, a…

The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five; Wall Street Efforts to Improve Its Image Fail to Sway Americans; US tech sector surges past its dotcom era peak John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff MarketsWiki Education’s World of Opportunity series had another successful run yesterday over the course of two sessions at IIT’s Stuart School of Business. Here are a few Did You Know’s from the first session. Bryan Durkin, president of CME Group, asked the audience if they’d seen the movie “Trading Places.” A surprisingly small percentage of the audience raised their hands. Clearly, the industry needs to do more to promote that movie for the next generation. He also relayed a story about his first day as a “black jacket” at the CBOT. He cried…

Senate panel votes to advance CFTC chairman nomination; CFTC reaches first non-prosecution deal with ex-Citigroup traders; TP ICAP reshuffles senior management John Lothian Newsletter,Newsletter

First Read Identifying Problems And Solutions By Jim Kharouf, JLN At the FIA IDX conference in London earlier this month, the second day of the event concentrated heavily on post-trade issues and trends. We spoke with six executives from firms that are focused on the problems and solutions in that space. Take a look at the two short videos below to hear what they said about each question. The post-trade arena has fast become one of the most competitive sectors in recent years with new firms jumping into the space and incumbents launching new platforms. In April, we wrote about…

Departures signal a changing of the guard in HFT; LSE to acquire bond indices from Citi for $685 million; What Makes a Bank Big? John Lothian Newsletter,Newsletter

First Read What Options Leaders Are Thinking Jim Kharouf Today marks the launch of our Options Industry Council exchange leaders series, sponsored by the OIC and OCC. We will feature interviews with options market leaders from NYSE, Nasdaq, CBOE, MIAX and BOX, with each talking about what they accomplished in recent months and what is on their priority lists for the second half of the year. Filmed at the Options Industry Conference earlier this month, we kick off the series with Ivan Brown, senior director, head of options at NYSE. Take a look. There’s a lot to cover in just…