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Tag Archives: Bloomberg

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…

U.S. stock options hedging picks up in the midst of record calm; Bloomberg testing use of image recognition in volatility trading; Why Investors Shouldn’t Trust Low Volatility Newsletter,Options

Observations & Insight Making Sense of Options Order Flow – Henry Schwartz Education.MarketsWiki.com “There are four primary reasons people use options, and they tend to attract the smartest, the most well capitalized and most informed traders out there. Basically, dumb people lose their money trading options so quickly, they’re not really out there anymore.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Henry Schwartz, president of Trade Alert LLC, breaks down the four primary reasons people trade options: leverage, defined risk, flexibility and liquidity. Schwartz then delves into a wealth of data to show what…

Asian Financial News from John Lothian News – July 25, 2017 Asia/Pacific,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Regions,Regulation,Tech / HFT

Lead Stories HNA unveils New York-based charity as controlling shareholder; Acquisitive Chinese investor’s surprise revelation as lenders turn off taps JOYCE HO, Nikkei Acquisitive Chinese outbound investor HNA Group has openly disclosed its shareholding structure for the first time amid rising concerns that Beijing’s deleveraging campaign might choke lending to the company which has largely fueled its expansion through debts and collateralization. https://goo.gl/M6Feue Column: Time to OK Chinese investors’ controversial Chicago Stock Exchange deal Robert Reed – Chicago Tribune The time has come for federal regulators to approve a small but highly controversial local business deal — the purchase of…

Asia-Pacific News from John Lothian News – July 24, 2017 Asia/Pacific,Exchanges, OTC & Clearing,Regulation

Courtesy of Wikipedia

Lead Stories Welcome to Xi’s Net: Where Politics, Porn and Pooh Are Forbidden Bloomberg News For anyone still wondering about China’s ability, or willingness, to control its people’s access to the internet, the past few weeks have provided some clarity. https://goo.gl/QzkVA3 Former rising star in Beijing faces corruption probe; Sun Zhengcai was tipped as a possible successor to President Xi Jinping Tom Hancock in Shanghai – FT A top Chinese politician tipped as a potential successor to President Xi Jinping is being investigated for graft, Beijing announced on Monday — eliminating him from the contest just months ahead of a…

The Snowballing Power of the VIX, Wall Street’s Fear Index; Wall Street’s self-regulator allows safe havens for tainted brokers; Trump Team Proposes Broad Rethink of Financial Rulebook John Lothian Newsletter,Newsletter

First Read Line-up for MarketsWiki Education Series in NY and Chicago By John J. Lothian We have set the line-ups of speakers for the MarketsWiki Education series in New York and Chicago. Here is the list of the speakers and the days they will be presenting. On July 11 at Nasdaq’s Marketsite location we will have Gary Barnett (SEC), Larry Tabb (Tabb Group), Jennifer Nayar (Vela Trading Technologies), Thomas Ascher (formerly ISE), and Morgan Slade (Cloud Quant). On July 11 at the second session at Nasdaq, we have Gregg Doud (Commodity Markets Council), Henry Schwartz (Trade Alert), Joe Gits (Social…

Singapore bourse offers to link up with Chinese futures trading venture; Twitter Teams Up With Bloomberg for Streaming News; Calypso and R3 successfully test FX trade matching on Corda DLT platform John Lothian Newsletter,Newsletter

First Read Trading Technologies Goes Big with TT Desktop Anthony Malakian – WatersTechnology TT CEO Rick Lane talks with Waters about the vendor’s new desktop offering, which can accommodate 18 monitors, if not more. Prior to this release, the TT platform was only available through a single browser window. While this was suitable for most of the company’s user base, more sophisticated traders found this setup to be cumbersome. /goo.gl/jy23fq **JK: Time to revive the “Big Dog” T-shirts. ++++ Bridging the Week by Gary DeWaal: Registration Forms; Social Networking; Recordkeeping; Exchanges Expenses www.bridgingtheweek.com It was a light week for news…

UK court upholds ICE Trayport sale order; State Street to Start Voting Against Companies That Don’t Have Women Directors; AI technology to replace 90,000 buy-side jobs by 2025 John Lothian Newsletter,Newsletter

First Read Rosenthal Collins Group Appoints Matthew Straight CIO Press Release Rosenthal Collins Group LLC (RCG), a leading independent futures clearing firm, announced the appointment of Matthew Straight as its new Chief Information Officer and Executive Vice President. Straight joins RCG with 26 years of experience in technology leadership, engineering and financial services. /goo.gl/KxUjxm **JK: Congrats to Matthew and to RCG. ++++ Trade like a girl; Trading desks in the asset management industry are dominated by men, but this patriarchal trend is beginning to shift as women on the buy-side are uniting to encourage others to join the sector. Hayley…

Downey’s Money.net Takes FIA Innovator Award Fintech,Video

Market data and information service looks to disrupt the Bloomberg and Reuters space with new ultra-low priced offering The winner of the FIA’s first ever competition for Innovator of the Year at the 2016 Expo in Chicago was Money.net, which was chosen by a panel of industry experts from 18 finalist companies picked from a larger group of fintech applicants. The company, started in 2014 by CEO Morgan Downey, aims to provide the same type of market information as Bloomberg and Reuters for 1/15 of the cost. Money.net is trying to disrupt the market information space, which pulls in $26…

CHX: Ownership Matters Blog,Commentary,Feature

Chicago Stock Exchange Seeks Transformation in New Owners and Trading Processes With over 50 venues in the U.S. to execute trading of shares of stock, the Chicago Stock Exchange (“CHX”) unfortunately only stands out for its being overlooked. Its management seeks to change that with an ownership overhaul, trading technology process innovations and a push back into listings that could attract Chinese companies, among others. Like a little brother who gets forgotten in a big family, CHX is fighting for attention with its plans. Many of its current owners have stakes in other trading venues that bring higher margins to…