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Tag Archives: Bitcoin

Bitcoin and the Value of Financial Freedom; Atlanta’s Intercontinental Exchange seeks to trade bitcoin funds on NYSE John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Women in Listed Derivatives, an organization that promotes career advancement and professional relationship-building among women in the OTC & Listed Derivatives Industry, announced its North American board of directors for 2018. The five open board seats will be filled by: Katie Cleland, Elizabeth Cook, Caroline Gillard, Ellen Greene, and Leslie Sutphen. You can find the announcement HERE.~SR ADMIS is heading to the beach for their annual Introducing Broker conference. This year’s event was held in Clearwater Beach, FL.~JJL CQG hosting a Live Ask Me Anything Event today at 2:30 CT.~JJL Yesterday’s JLN Options…

Advocating for a stronger U.S. options market; $60m bond trade; BofA to Become MiFID II Venue for Derivatives Newsletter,Options

Observations & Insight Bittrex Inc. takes controlling strategic stake in Seed opening new trading opportunities for Institutional Crypto Trading Seed CX Seed CX Ltd (“Seed”) today announced a strategic investment by Bittrex Inc., a US-based cryptocurrency trading platform. Seed is currently onboarding institutional participants and will launch spot and derivative crypto trading in Q1 2018. Bittrex is one of the largest crypto trading venues in the world, with over $3 billion notional traded on a daily basis and over 2 million customers. Seed operates a swap execution facility, Seed SEF, registered with the Commodity Futures Trading Commission. Edward Woodford, CEO…

US exchanges to face lawsuit over dealings with HFT; TCI fails in bid to oust London Stock Exchange chairman John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Hamilton’s Report on Manufactures: Hamilton reasoned that to secure American independence, the United States needed to have a sound policy of encouraging the growth of manufacturing and ensure its future as a permanent feature of the economic system of the nation. @Wikipedia~JJL Beware – next time you’re surfing around the internet, you might be the victim of “cryptojacking”, websites that “hijack” your CPU to mine a particular cryptocurrency (though not bitcoin as that mining now requires specialized, higher power hardware). The folks at Merriam-Webster better be taking a lot of notes on all…

Cash and Futures in Bitcoin Are a Different Story Blog,Commentary,Feature,Mwiki

The high margins charged by the CME and Cboe for bitcoin futures, and the additional margins required by the futures commission merchants to trade the products, have turned the normal dynamics of futures trading versus cash trading upside down. With the CME charging 47 percent margins, and some firms charging double margins on bitcoin futures, the cost of trading is nearly 100 percent of the underlying contract value. Normally futures contracts allow traders to control higher notionally valued contracts for much lower margin amounts. Margins of 3 percent to 10 percent are the norm, depending on the commodity or instrument…

Bitcoin Futures Prices Fall in CME Debut; Why the Germans are right about economics John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff RJO has shot a holiday video featuring Gerry Corcoran and some of their staff. They even sang “Santa Baby,” featuring employees from across the organization. ~JJL Interesting, or a yawn? Day one futures volumes in Bitcoin at CME totalled 1,088 contracts with open interest of 233. Cboe posted volume of 4,127 contracts on its first day, a wild price day and 1179 in the January contract yesterday. ~JK You can make a donation to your favorite charities by using Amazon Smile when you buy items from Amazon. Go to Smile.Amazon.com.~JJL The New…

Nikolai Larbalestier – Be the Change You Want to See Feature,MarketsWiki Education,MWEd,Video,video

“Take the opportunity. Take the risk. Understand the risk but go for it anyway. Failure is part of the journey, but success is the reward.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Nikolai Larbalestier, AVP enterprise architect at Nasdaq, discusses three technologies that could potentially disrupt the market: distributed ledger technologies, artificial intelligence, and quantum computing. With the emergence of bitcoin and other cryptocurrencies, Larbalestier says the technology is there to insure that the exchanges “catch the wave” and are not overrun. The goal at Nasdaq is to use this technology to adapt to the…

Duelling bitcoin futures go head-to-head as CME launches contract; Big Clampdown on Derivatives Has a Bitcoin-Shaped Hole Newsletter,Options

Observations & Insight The Spread – Week of 12/11 – 12/15 JohnLothianNews.com Our second installation of The Spread! The Spread is a brief recap of some of the notable activity in the options world. The following stories are referenced in this week’s installment: Bloomberg – Robinhood Is Making Even More Trades Free, Taking on the Options Market   WSJ – Volatility Is Low But Ambiguity Is Sky High   Eurex – Low-Volatility 2017 Marks High Demand for VSTOXX   Business Insider – Trader ’50 Cent’ lost $197 million betting on market meltdown   CFO – Options Clearing Corp. CFO Focuses…

Traders snap up $80 Brent calls; EM volatility; Quad witching Newsletter,Options

Observations & Insight Carolyn Leonard – Women In Finance JohnLothianNews.com ” I had brokers with very large decks telling me to my face that they’ve never traded with a woman, they weren’t going to trade with me and that I shouldn’t take it personally… A lot of those same guys became awesome friends, but we had a real rocky start.” In this profile video from John Lothian News, Carolyn Leonard recalls her journey through the volatile world of trading at the Chicago Board Options Exchange beginning in the late ’70s. Leonard started trading after a divorce, with two young children…

Young CEO Reshapes 140-Year-Old Metals Exchange; ICE Completes Trayport Deal w/ TMX; America’s Inequality Is Sending the Dow Soaring John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Georgetown McDonough School of Business offers a new fintech class. John Jacobs, executive director of the school’s Center for Financial Markets and Policy, will teach the course along with Perianne Boring, founder and president of the Chamber of Digital Commerce.~JJL The 2018 World Inequality Report is out. Spoiler alert – income inequality is increasing in “nearly all world regions in recent decades, but at different speeds.” Lots of graphics to parse through. The charts comparing Western Europe’s top 1% vs the U.S.’s top 1% on page 8 are pretty stunning.~SD CME Group has…