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Tag Archives: Bitcoin

Bitcoin-Futures Regulator Defends Oversight as Critics See Risks; DBOT ATS LLC Inc Announces the Official Launch of Blockchain-Powered Crowd Funding and Secondary Market John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The newest edition of CME’s Off the Chart’s Podcast covers Bitcoin: Supply Growth, Mining Difficulty and Prospects in 2018. In a nutshell, it’s getting harder to mine bitcoin as it reaches its cap, which means supply will grow by less than 5 percent. ~SD Yesterday’s JLN Options covered rising popularity of risk premia strategies, SKEW vs. VIX, bitcoin options potential, the Intel chip flaws and more. ~SD VIX traded in the 8 handle yesterday. When’s the last time that happened? Oh, yeah, Thanksgiving. ~SD The weather phenomenon hitting the east coast right…

Researchers Discover Two Major Flaws in the World’s Computers; MiFID II’s First Day Comes Off Without Glitches John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff What’s hot: palladium. What’s not: lead. What’s been kind of interesting: lumber. ~SD The music streaming service Spotify has decided to go with a direct listing on the NYSE rather than a traditional stock offering – the most prominent company to try that route. This news comes, unfortunately for Spotify, directly on the heels of a lawsuit against the company for $1.6 billion over copyright infringement. The songs in question come from the catalogues of the likes of Tom Petty, Neil Young, The Doors and more. ~SD CQG’s Pat Kenny will moderate…

Mifid II launch overshadowed by futures delay; Ex-UBS Trader Says Bank ‘Mandated’ Conduct That Led to Libor Ban John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff OCC announced that 2017 volume reached the third highest total cleared contract volume ever.~JJL Jessica Darmoni will be moderating a panel at #STAC’s MidWinter Meeting on Artificial Intelligence and how it will influence future traders and analysts.~JJL Want a job with the NFA? Click here to learn more.~JJL CME Group averaged 16.3 million contracts per day in 2017, up 4% from 2016.~JJL John Sodergreen’s Risk Desk has an interview with CFTC Chairman Giancarlo on page 11 of the latest edition.~JJL Nasdaq PHLX LLC has given “Notice of Withdrawal of a Proposed Rule…

Europe begins countdown to Mifid II; How high-frequency trading hit a speed bump John Lothian Newsletter,Newsletter

First Read Hits & Takes By John J. Lothian Welcome to 2018! Today we begin work on invoicing readers of this newsletter and their firms for the 2018 subscriptions. If you would like to receive a firm or individual invoice, please contact me directly at johnlothian@johnlothian.com Thank you to all of our loyal subscribers who have helped support this newsletter, now in its 18th year. You have allowed us to grow our offerings to continue to help you, the industry and beyond understand our markets. At John Lothian News we believe in market-based solutions for the problems facing the world….

Chinese Investor Buys Stake in Delaware Blockchain Exchange; Hong Kong and China regulators sign MOU on futures markets; John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC’s David Prosperi likes to quote his former boss, Ronald Reagan, on Twitter with quotes from the Reagan Foundation Twitter account. Today’s quote is a good one: “The bedrock of our strength is America’s moral and spiritual character. Peace with freedom is the highest aspiration of the American people. We negotiate for peace. We sacrifice for it. We will never surrender for it.” -Ronald Reagan @ronaldreagan40~JJL Trillium has a 2017 trade surveillance enforcement recap out – it can be found in our lead section. This year’s 15 spoofing or layering enforcement actions are…

Chicago firms gear up for MiFID II; EU exchanges clash with customers over fees; South Korea Considers Closing Bitcoin Exchanges John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff This is the second to last edition of the John Lothian Newsletter for 2017. Tomorrow we will publish JLN, but not JLN Options or JLN Asia Pacific News.~JJL Eurex‘s trading calendar for the new year can be found HERE.~JJL There were a couple of commodity related explosions this week. First, a Libyan crude oil pipeline was blown up by suspected terrorists, helping move prices. It is believed it will take a week to get the pipeline back online. Then there was an explosion at an Argentinian grain terminal owned by COFCO that killed…

Nasdaq Volatility Gauge; BlockTower Capital behind $1m bitcoin options bet; Field Guide to 2018 Volatility Trades Newsletter,Options

Lead Stories Watch Out VIX: Nasdaq Amps Up Volatility Game Nasdaq is working on an alternative to Cboe’s market fear gauge Gunjan Banerji – WSJ The VIX is getting a rival. Nasdaq Inc. is working on launching futures and options linked to an index that uses a different way to track volatility in the S&P 500, the benchmark gauge for the U.S. stock market, said people familiar with the matter. The launch is subject to regulatory approval and would compete against the market’s so-called fear gauge from Cboe Global Markets Inc. /goo.gl/dbx61F ****SD: Not the first time a rival product…

Frankfurt Winning Battle for Brexit Bankers; End of 47-Year Japan Rice Program; Smart beta funds pass $1tn John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Spencer Doar’s weekly JLN Options video feature, The Spread, continues to get better. This last week’s was a beut.~JJL Holy smokes. Get this: “The Legends Room, the world’s only blockchain based nightclub, rings in 2018 with two incredible nights of crypto fun. On Saturday, December 30th, the Legends Room presents Samantha Ronson and Saint Clair. On Sunday December 31st, the club will feature Post Malone and 21 Savage together.” I do not like this, Sam-I-am. But hey, it’s Vegas, right?~SD The JLN Team has cancelled their in the office meeting today, rescheduling for…

Who Regulates Bitcoin Trading?; China’s Oil Pricing Bid Will Fail; Senate Confirms Jackson, Peirce to SEC John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The JLN Staff is working from home this week, with the exception being Wednesday, when we will convene in our CBOT Building offices to map out our January schedule.~JJL Jim Kharouf has officially stepped down as CEO of John J. Lothian & Company, Inc.~JJL Want some fun map facts? The cartographic debate over the distortion of Africa came up again this week – The Economist has the details. Let’s just say when it comes to map making, there are a number of ways to skin a cat.~SD The A Wealth of Common Sense…