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Tag Archives: Black Monday

Greed, for Lack of a Better Word, Is Taking a Big Hit Today; Federal Reserve’s Moves May Ignite Volatility Newsletter,Options

Lead Stories Greed, for Lack of a Better Word, Is Taking a Big Hit Today Cormac Mullen – Bloomberg One of the best performing trades this year reversed course Thursday as stocks fell and volatility bounced back. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before. jlne.ws/2xQUhkW Federal Reserve’s Moves May Ignite Volatility Wall Street Craves Goldman Sachs (GS) Predicts Bradley Keoun – TheStreet U.S. President Donald Trump’s tweets haven’t done it. North Korean leader…

CBOE Holdings Becomes Cboe Global Markets; Clearing Stress Tests; SGX Chicago Office John Lothian Newsletter,Newsletter

First Read Hits & Takes Welcome to Deep Dive, our new show that features in depth conversations with key professionals in the industry. Our first two shows include key professionals from Trading Technologies. Today, Brian Mehta, chief marketing officer, is joined by Doug Moneison, partner in Hyde Park Angels, along with Jim Kharouf, who hosts the show. The first episode delves into the topic of where the industry is going to get the next generation of talent, what we have to offer and the rise of new firms that aim to attract new traders. You can watch the show in…

The Trouble With Those Can’t-Miss Trades; Short VIX bets hit record high Newsletter,Options

Lead Stories The Trouble With Those Can’t-Miss Trades; With the VIX skidding lower, shorting the fear gauge seems like a sure thing. As market history shows, that’s an unsettling prospect. Randall W. Forsyth – Barron’s “It’s quiet, too quiet.” That movie cliché hangs over the financial markets these days, as the volatility of virtually everything—stocks, bonds, and currencies—is apparent in its very absence. You might think this placidity is because peace on earth and goodwill toward all had become a year-round reality rather than a wistful holiday wish. Or that our elected officials had taken seriously the people’s business to…

Nasdaq Urges Central Clearing of Treasury Trading; LME hopes gold futures contract will be blueprint for reform; What Milton Friedman Got Right, and Wrong, 50 Years Ago John Lothian Newsletter,Newsletter

First Read Hits & Takes By John J. Lothian It is a busy week for education in the Chicago financial markets, from WOO to TT300 to NIBA. Today we open session number one of the Chicago edition of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have a great lineup of speakers and a good showing of industry interns and newer employees signed up. We still have room for more, so there is a chance to still sign up yet today. The session will lead off with Stuart School professor Rick Cooper, because…

Cathy Lyall, Minnamurra Consulting – 30 Years of Change Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

Cathy Lyall’s first day in the markets was 1987’s Black Monday. She had planned on going into foreign affairs but snagged a job as a futures broker the Thursday before the crash from her boyfriend, a cash bond broker.  She also signed her first mortgage in London the Friday before Lehman Brothers collapsed. Life events when synced with world events yield perspective. In the period between her first day on the job and her first mortgage, Lyall, currently director of Minnamurra Consulting, noticed a shift in the industry’s mentality.   “The ethics and ethos had changed in the markets —…

Former SEC Chairman David Ruder Discusses the Dodd-Frank Timeline, Volcker Rule & Cost Benefit Rules (Part 2 of 2) Interview,Regulation,Video

David Ruder

Northwestern Law School professor emeritus David Ruder talks to JLN editor/producer Nicole V. Rohr about the Dodd-Frank timeline, Volcker Rule and how cost-benefit rules will impact regulation. Ruder acted as SEC chairman during Black Monday in 1987. He was a part of the President’s Working Group on Financial Markets in 1988 and more recently worked on the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues. View Part 1 here.

Former SEC Chairman David Ruder Discusses the ‘Flash Crash’ & Dodd-Frank (Part 1 of 2) Interview,Regulation,Tech / HFT,Video

Northwestern Law School professor emeritus David Ruder talks to editor/producer Nicole V. Rohr about his experience as SEC chairman during Black Monday in 1987, and also about what stemmed from the subsequent flash crash in May 2010. Ruder was a part of the President’s Working Group on Financial Markets in 1988 and more recently worked on the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues. He discusses findings and changes to rules surrounding circuit breakers, dark pools and naked access. View Part 2 here.