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Tag Archives: Bitcoin

SEC Rules NYSE, Nasdaq Didn’t Justify Market Data Fee Increases John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff John Lothian News is working on a documentary video series on the history of financial futures. We are looking for people with stories to tell about the development of the early financial futures contracts in Chicago, New York, London, Frankfurt, Tokyo and elsewhere. If you see one of us at the FIA EXPO, feel free to stop us and share your stories. We need your help to tell the history of financial futures as completely, fairly and effectively as possible.~JJL John F. Notorangelo, 52, passed away suddenly recently. He was a former futures…

Saudi Arabia Breaks 45-Year Taboo With Veiled Threat to Use Oil as a Weapon John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Welcome to all our readers and friends who have descended upon Chicago for the FIA’s EXPO. We look forward to saying hello and catching up.~JJL CME Group is holding a press lunch today in Chicago for FIA EXPO. Cboe is holding a press event this evening, and ICE is holding one Wednesday evening. The ICE event is just one of two events all year where their senior leadership is all together to meet the press.~JJL Check out CQG’s landing page for FIA, which features new solutions from the long-time fintech provider.~JJL JLN is…

Saudi Arabia’s Economic Dreams Falter John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Welcome to FIA EXPO Week in Chicago. Over 120 companies are represented in the FIA EXPO hall and people come from all over the world. If you missed our FIA EXPO preview interview with FIA CEO Walt Lukken, you can find it HERE.~JJL John Lothian News will again be present in the Cinnober booth on the EXPO hall. You can find us shooting video there.~JJL If you want to know where the next generation of traders is coming from, please show up for my FIA EXPO session at 3 PM on Wednesday in…

Exchanges on offensive in market data cost dispute; Bitcoin turns boring John Lothian Newsletter,Newsletter

First Read POV: Are Publicly Traded Exchanges Sticking It To You? Jim Kharouf – JLN There is a recurring criticism of publicly traded exchanges – that they are not serving the needs of their customers, all to satisfy shareholders. Such was the essence of the argument by James Andrus, an investment manager from CalPERS, the California pension and investment giant. On a panel at the World Federation of Exchanges annual meeting last week in Athens, he said stock exchanges are bending to the desires of listed companies on their exchanges on proxy voting rule changes and other policy changes at…

Banks Are Getting Squeezed by the Fight Against Dirty Money John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Here is the agenda for today’s CFTC Technology Advisory Committee meeting in Washington, DC. The meeting should be live streamed if you are interested in watching any of it.~JJL The CFTC and ASIC signed FinTech Cooperation Arrangement at the FinTech Forward conference at the CFTC in Washington, DC yesterday and I got to see it. I will always remember my first FinTech Cooperation Agreement witnessing.~JJL As the Chicago Tribune reports, the “much-derided corporate moniker of Tronc” is going the way of the dodo. Welcome back, Tribune Publishing! ~SD ++++ ++++ The Tinder for…

Eris Exchange to Create Crypto Market Backed by DRW, Virtu John Lothian Newsletter,Newsletter

First Read Brexit Has Industry Participants Prepping For “Worst Case Scenario” Jim Kharouf – JLN Industry participants are preparing for a worst case scenario with the UK Brexit coming next March. Frustration with the process and lack of political leadership was palpable at the World Federation of Exchanges Annual Meeting in Athens. On a Brexit panel Thursday, industry executives said the damage to UK and EU markets could be severe. “Brexit is making the European market smaller and it will take years to rebuild,” said Jarkko Syyrilä, head of public affairs at Nordea Wealth Management. “Politics is completely destructive. We…

Inside Danske’s EUR200bn ‘dirty money’ scandal John Lothian Newsletter,Newsletter

First Read Build or Buy? Exchanges Continue to Branch Out For Revenues Through Acquisition Jim Kharouf – JLN Exchanges are continuing to look at two areas for revenue growth – consolidation and acquisition of non-exchange service firms, according to a new report from Burton Taylor. – The report, presented at the World Federation of Exchange’s General Assembly and Annual Meeting in Athens and authored by Andy Nybo, shows that ICE topped exchanges in revenue in 2017 with $4.6 billion, followed by CME with $3.6 million, Deutsche Boerse with $2.7 billion, LSE Group with $2.5 billion and Nasdaq with $2.4 billion….

Charles Schwab Has a $3.6 Trillion Edge on the Fintechs John Lothian Newsletter,Newsletter

First Read Exchange Legacy: WFE Tackles The Question Of The Role Of Exchanges. It’s Much More Than You May Think. By Jim Kharouf – JLN Can exchanges change the world and shape the future? This goes well beyond the traditional mantras that derivatives markets help set prices and offset risk, or stock markets help raise capital for companies. Hats off to the World Federation of Exchanges’ General Assembly and Annual Meeting, being held this week in Athens to ask the questions such as: What is the exchange & CCP role in bringing economies back to life? How do they best…

How Dirty Money Disappears Into the Black Hole of Cryptocurrency John Lothian Newsletter,Newsletter

First Read Introducing Bitmain By Thom Thompson – JLN In preparing for its IPO, Bitmain, a Chinese bitcoin-mining services firm, has provided detailed insights into its operations. As one of the largest business entities in the industry and occupying as it does a central position in the industrial organization of bitcoin, Bitmain’s filings reveal a lot about the forces behind cryptocurrency economics. BitMain Technologies Holding Company is the world’s largest producer and seller of bitcoin mining equipment. On Wednesday, September 26, they filed a much anticipated (draft) prospectus for an IPO on the Stock Exchange of Hong Kong. Since it’s…