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Tag Archives: Bitcoin

John Lothian Newsletter: SunGard Is Said to Be in Sale Talks With Fidelity National Information; China watchdog extends pursuit of short sellers to HK, Singapore; China targets high-frequency traders in ‘spoofing’ probe John Lothian Newsletter,Newsletter

First Read It’s a MAD MiFID II world now, and US firms should prepare By Erik Donelson, special contribution to John Lothian News Note: Erik has been working as a regulatory intern at John Lothian News since April 2015. On the last day of his internship, he attended an FIA event in Chicago – “What Every Market Participant Should Know about MiFID II.” Below are his thoughts and observations from the event. MiFID II enforcement is coming, and it’s going to affect all market participants, including those in the United States. As ESMA and the European Commission finalize the technical…

John Lothian News Special Report: Unchained: How Blockchain And Bitcoin Are Going Mainstream Special Report

Adam Honoré, CEO of the fintech consulting firm MarketsTech, keeps a stock certificate on his wall of a dot com bust called Broadvision. While it’s a painful reminder that he is a much better technologist than stock picker, that certificate is now emblematic of a new technology – blockchain – that could ultimately change the structure and infrastructure of financial markets. Blockchain technology, defined as a ledger of all Bitcoin transactions that have been executed, both threatens and offers a unique opportunity for the financial markets. Because blockchain technology is able to hold critical information on the ownership of a…

John Lothian Newsletter: Bond Market Yet to Crack How to Electronically Trade Big Orders; Tom Hayes says senior UBS staff were ‘aware’ of Libor rigging; Bitcoin Rules Completed by New York Regulator John Lothian Newsletter,Newsletter

First Read SunGard Files Registration Statement for Proposed Initial Public Offering Sungard SunGard announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered, the price range and the stock exchange listing for the proposed offering have not yet been determined. jlne.ws/1KGkVhl ***** If you believe Sungard has a monopoly, or is part of a duopoly, then here is your chance to own them. ++++ Report: Women produce about a third of US news…

John Lothian Newsletter: CFTC suspends deadline on brokers’ margin; London Metal Exchange ends ties with LCH.Clearnet; Top Wall Street Lawyer Slams Regulatory Environment John Lothian Newsletter,Newsletter

First Read Creative Juice: Sir Ken Robinson and FIA Boca 2015 Doug Ashburn – JLN At each year’s FIA Boca conference, a certain topic, issue or person becomes “the thing everyone talks about.” It may be an impending rule, a disruptive new technology, or an outlandish comment made at the exchange leader panel. Two years ago it was then-CFTC chairman Gary Gensler displaying his dance moves after planting a rumor he would be up for another stint as head of the regulator. In 2007 it was the envelopes slid under the hotel room doors of Charlie Carey and Bernie Dan…

JLN Financials: Bank of Canada holds interest rate at 0.75%; U.K. Wins Court Case With ECB on Euro Clearing; Euro zone rebuffs Spanish talk of new Greek bailout Financials,Newsletter

First Impressions Birthday Bits By John J. Lothian Today is my birthday. Number 54. In honor of my birthday and the many gifts I have received over the years I renewed my membership in the 100 Club, the civilian organization that provides for the families of first responders who have lost their lives in the line of duty in Chicago. My friend and mentor Thomas J. Cashman is chairman of the organization. I am ever in debt to Tom for helping me launch my career in this great industry. I am also greatly in debt to him, and to my…

JLN Options: Senator questions widespread tax dodges used by wealthy; Hedge fund failures not enough to stop asset inflows in 2015 – survey; How Unusual is the Current Volatility Lull? Newsletter,Options

Lead Stories Senator questions widespread tax dodges used by wealthy Mark Schoeff Jr. – Investment News The top Democrat on the Senate tax-writing committee called Tuesday for curbing complex investment tactics that help high-net-worth investors lower their taxes. A report released by the Democratic staff of the Senate Finance Committee outlined several investment instruments — such as options, derivatives and swaps — that can be used to skirt “tens of billions of dollars” in taxation. It asserted that reining them in through legislative and regulatory changes would make the tax code fairer. jlne.ws/1AILF9J ***DA: Ask 100 people to define “fair…

Brendan Bradley, chief innovation officer, Eurex – The New World of Finance Video

“We are the wheels of industry. You wouldn’t actually have the rest of these businesses operating if it wasn’t for the fact that the finance world still greases all of the wheels making all these businesses come around.” Brendan Bradley, chief innovation officer of Eurex, compares the financial world to the tech industry, and discusses the connection between companies like Google and Goldman Sachs. Bradley says that while the appeal for young people to work for a financial organization may not seem as high as working for a tech firm, it is actually the financial industry that helps tie other…

A Bitcoin for Your Thoughts Financials,Regulation,Special Report

Bitcoin

Rarely has there been a topic in the offices of John Lothian News that has raised debate, argument and conversation the way that Bitcoin has. What was once thought of as an internet-generated joke is now a topic covered by every mainstream media outlet around the world. Coverage has intensified of late due to Bitcoin’s value, topping $1,200 earlier this month on the open market. So big has the issue become that the French and Chinese central banks have issued warnings this week against the use of Bitcoin and other virtual currencies by financial institutions and others. Fed Chairman Ben…

So You Think You Know Bitcoin? Blog,Financials,Regulation

Jeff Bergstrom

Part of our special report: A Bitcoin for Your Thoughts This article is an attempt to clarify some of the information out there…much of which is anywhere from misleading to flat-out wrong. It is difficult to have a meaningful conversation about the value (or lack of value) something has if misinformation is muddying the waters. Bitcoin is anonymous: False BUT… Every transaction made by every Bitcoin is logged and kept in a public ledger maintained on thousands of computers and anyone with a Bitcoin wallet has a copy. This ledger is central to Bitcoin’s operation and protects it from counterfeiting…