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The Industry Discusses Cryptocurrencies and DLT, Part II Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This sixth video in the series is the second to cover the booming cryptocurrency space and its technological underpinnings. In part two, Gary DeWaal, special counsel with Katten Muchin Rosenman, John Omahen, FIS’ head of product strategy, Anthony Tassone, founder of GreenKey Technologies and Carl Gilmore, president of Integritas Financial Consulting share their thoughts on the crypto space.  

The Industry Discusses Cryptocurrencies and DLT, Part I Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This fifth video in the series is the first to cover the crazily popular cryptocurrency space and its technological underpinnings. In part one, Ed Tilly, chairman and CEO of Cboe, Drew Shields, Trading Technologies’ CTO, Thomas Flake, the co-founder and chief marketing officer of bcause, Kevin Darby, managing partner at Blue Trading Systems and Chris Hehmeyer, CEO of Hehmeyer Trading + Investments share their thoughts on the future of the crypto…

CME Launching Bitcoin Futures; Hensarling Leaving Congress; Euronext Renews LCH Deal John Lothian Newsletter,Newsletter

First Read Are you on the right side of Bitcoin history? By John Lothian of JLN Shortly after JLN was published yesterday the news broke that the CME Group would be listing bitcoin futures in the fourth quarter of the year, joining the Cboe in such an offering. The price of bitcoin surged to new highs. Why did the price go up? Because a new group of suckers,…errr, new traders would be reached with this news and want to buy bitcoin. Why would they want to buy it? Because it is going up, of course. Greed. Why are the CME…

Are you on the right side of Bitcoin history? Blog,Commentary,Fintech,Mwiki,Tech / HFT

1997 or 1637? Shortly after JLN was published yesterday the news broke that the CME Group would be listing bitcoin futures in the fourth quarter of the year, joining the Cboe in such an offering. The price of bitcoin surged to new highs? Why did the price go up? Because a new group of suckers,…errr, new traders would be reached with this news and want to buy bitcoin. Why would they want to buy it? Because it is going up of course. Greed. Why are the CME Group and Cboe offering bitcoin futures? Because, it is 1997 and you have…

Moves to seize HFT code “dead”; Complex Math Could Make Blockchain Work for Wall Street; SEC’s CAT John Lothian Newsletter,Newsletter

First Read Hits & Takes Over the last quarter Eris Exchange hit an all-time high of 200,000 contracts ($20bn) of open interest (OI) in their IRS swap futures contracts cleared by CME Group.~JJL On November 3, 2017, Chicago-Kent College of Law will host the 9th Annual Conference on Futures and Derivatives. This is a full day program covering important topics for compliance officers, in house counsel, regulators, accountants and attorneys who work within the Futures industry. Register HERE.~JJL Rosenblatt Securities in their Trading Talk Market Structure Analysis reported year-to-date equities average daily volume is down 11.57 percent y/y and off…

The Massive Hedge Fund Betting on AI; U.S., EU fines on banks’ misconduct to top $400 billion by 2020 John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Former JLNer Doug Ashburn‘s mom, Margaret Anne “Margie” Ashburn, 72, of Creve Coeur, died Saturday, September 23, 2017 at her home. Details on services are posted here. Our sincere condolences go out to Doug and Nancy Ashburn and family. PricewaterhouseCoopers Global FinTech Report 2017, reported that 77 percent of survey respondents in financial services are expected “to adopt blockchain as part of an in production system or process by 2020.” ~JK And now a note from a great musician Matt Scharpf of Eurex. “Once again I am participating in Rocktoberfest sponsored by…

The Birth of Fintech – Anna Irrera Feature,MarketsWiki Education,MWEd,Video,video

“[Fintech] is an incredibly broad term. It means the ATM you’re using in a bodega, but it also means the sophisticated software used to spot fishy behavior in markets.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Anna Irrera, a fintech correspondent for Reuters, breaks down how fintech is revolutionizing the financial industry. While fintech is a broad term, Irrera talks about four main areas: payments, online lending, digital wealth management and blockchain projects.

London Retains Crown Top Financial Center; China to Ban Bitcoin Exchanges, Allow OTC; Miami’s Financial Center Submerges John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A quieter commemoration of 9/11 is scheduled for today, the WSJ reports.~JJL Rumi Morales has left the CME as head of CME Ventures. Additionally, Sandra Ro left the CME in July. She was head of digitization at the CME Group. Both were speakers at previous MarketsWiki Education events.~JJL Of notable financial hubs mentioned in Z/Yen’s annual Global Financial Centres Index 22 report, Chicago ranked 24th, down 17 spots from 7th last year, behind cities such as: Toronto, Sydney, Beijing, Montreal, Geneva, Vancouver and Osaka.~JK MarketsWiki Education World of Opportunity attendee Catherine Orfanos…

NYSE Wants Delay on End-of-Day Co. Announcements; T+2 Settlement; Banks join forces to create digital currency John Lothian Newsletter,Newsletter

First Read Hits & Takes Today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago is Michael Patak of TopstepTrader.~JJL The very last page of Deutsche Boerse‘s 425th anniversary pamphlet covering its chronology from 1585-2010 simply says “Part 2 of this booklet will be published in the year 2435.” Who says the Germans don’t have a sense of humor? ~SD Did you know that Megan Morgan of Eurex created a charity named “One Refugee Child” to help give out strollers to refugees on their migration?~JJL If you would like to see a man hold a Starbucks coffee…