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Tag Archives: Bitcoin

Thesys Technologies vs. Goliath; OIC Outreach to Advisers; Vol bets and the VIX Newsletter,Options

Observations & Insight Thesys vs. Goliath: That’s One Big CAT Spencer Doar – JLN FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand tech but maybe…

Deutsche Börse probe widens; DRW to Buy HFTer RGM; Trump’s business councils fall apart John Lothian Newsletter,Newsletter

First Read No, Not the VIX – the VSTOXX Sarah Rudolph – JLN Even your dog has heard of the VIX, the Chicago Board Options Exchange‘s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at a…

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown John Lothian Newsletter,Newsletter

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…

Tudor and Brevan Howard abandon Mifid; Bitcoin Surges Past $4,000 on Speed Breakthrough; Barclay CTA Index gains 0.64 per cent in July John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Former John Lothian News contributor Carlise Newman, who worked on the John Lothian Newsletter in the pre-MarketsWiki era, passed away late last year. Former Dow Jones reporter Howard Packowitz recently shared this news on Facebook. We were sorry to hear of her passing.~JJL If you haven’t watched Tom Sosnoff’s take on why passive investing is the worst thing to happen to investors, you can catch it in today’s featured video from our MarketsWiki Education event in Chicago this month.~JK FIA Expo will be in Chicago before you know it. October 17 to…

Alphabet Soup: The DAO, ETH, ICOs and the SEC Blog,Feature,Fintech,Mwiki,ReformWiki

By Jim Falvey Technology usually outpaces the law. It can take months, if not years, for legislators, regulators and courts to gain an understanding of technology and then to apply existing law to the new technology and/or create new laws for the technological developments. In the remarkable world of cryptocurrencies and distributed ledger technology (often referred to as “Blockchain”), we are seeing both occur. In May 2016, a virtual organization called The DAO, which stands for Decentralized Autonomous Organization, came onto the scene in the Ethereum world. For the uninitiated, the Ethereum Blockchain sponsors the second most significant virtual currency…

Bitcoin Exchange Gets $100 Million Investment; VIX Options and Futures Set New Daily Volume Records John Lothian Newsletter,Newsletter

First Read Russell Suite Competition Ambiguity Raises Some Questions; Exclusive. Non-exclusive. Exclusive. CME. ICE. CME again. By John Lothian The story of the Russell Index futures complex licensing over the years is a study in ambiguity, changing strategies and partners. We know the CME Group will win this round as they currently hold the long term license for the products. But what will happen in the short term is ambiguous as these two global exchange giants square off and try to maintain control or pry loose the open interest in the Russell futures products. After ICE took over an exclusive…

Will Options Trading Bring Institutional Investors to Bitcoin?; Nevermind the VIX – Stock Volatility Is Rising in Subtle Ways; Volatility Gauges Tumble to New Lows Amid Complacency Fears Newsletter,Options

Observations & Insight Learning to live with low vol Jean Boivin and Ed Fishwick – BlackRock Investment Institute Digging into U.S. equity volatility patterns dating back more than a century, we find low market vol can last for years and tends to overlap with subdued macroeconomic vol. Combined with our view that the U.S. economic cycle has room to turn, we believe this environment helps foster risk-taking. jlne.ws/2vLZiij ****SD: I missed this when it came out at the end of July. Here is a link to the full PDF – the above is a synopsis. From the report: “Running a…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; Standard Chartered eyes New York energy trading, bucks Wall Street trend: sources; Complex short Vix products draw fire as vol plumbs lows Newsletter,Options

Observations & Insight BOXing: Let the Bodies Hit the (Options) Floor Spencer Doar – JLN Golly, there’s been a ton of action in options markets lately. First, the surge of crypto news. Last week, MIAX’s investment in LedgerX received airtime as LedgerX was approved as a derivatives clearing organization (DCO), paving the way for bitcoin options. Then CBOE got into the fray with its announcement yesterday that it has partnered with Gemini, the cryptocurrency endeavor backed by the Winklevoss twins, to use its market data to create bitcoin futures. (I expressed my skepticism of the timeline laid out by CBOE…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; NYSE on Track to Lose More ETF Listings; Big asset managers struggle to meet Mifid II deadline John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff BOX gets SEC approval for a trading floor, the CBOE picks the Winklevoss twins for bitcoin futures and earnings news from ICE and LSEG is among today’s top headlines. ICE and LSEG came out with earnings today. Check it out in Exchange News. ~JJL I like context. Morgan Housel has a blog – An Honest Business News Update – with a lovely reminder humanity is more than the sum of what gets the publicity. ~SD We have added a Hello Bar to the bottom of the MarketsWiki Education website] and to the…