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Opposition mounts as CME looks to slim down its board John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s LaSalle Street Trading Tech Awards program was good fun for a good cause, despite the absence of one John Lothian. (His surgery went well – you can tell because he’s tweeting again.) Over $150k was raised to help Scouts from underserved areas of the city get exposure to finance, witness corporate life and develop leadership skills. How often do you get to see industry leaders in campaign hats?~SD Nodal Exchange and IncubEx launched their first tranche of North American Environmental contracts today. The new contracts, which mark the expansion of Nodal Exchange’s…

Negative Gamma and Oil; CAT Concerns; Brexit Volatility JLN Options Newsletter,Newsletter,Options

Observations & Insight Natural Gas ETN Volume Tops S&P 500, Nasdaq ETFs on Blowup Fears Luke Kawa and Rachel Evans – Bloomberg DGAZ bets against natural gas as prices soar on cold forecast; Note tumbled more than 50 percent but appears to have survived Cold weather in the U.S. is sending an extra shiver down the spines of investors who hold an exchange-traded note that bets against natural gas and just had its worst-ever day. /bloom.bg/2DFML3M ****SD: Ahhh, the infamous “acceleration event.” Now where has this come up before…? It’s also perfect timing for this to happen to DGAZ, as…

Stock Traders Say Brexit Deal ‘Dead in the Water’ as Raab Leaves John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Matthew Kelly of the CME Group is participating in Movember and growing an awesome beard and mustache. You can donate to Matthew’s campaign to support men’s health HERE.~JJL BrokerTec is now available in CME DataMine, offering market data across the range of U.S. Treasury products.~JJL CME Group announced Wednesday that Apple co-founder Steve Wozniak is the 14th recipient of the CME Group Melamed-Arditti Innovation Award. CME Group presented the award on Nov. 13 at the 11th annual Global Financial Leadership Conference in Naples, Fla.~SR Are you a Prime member? Not that one. Eurex…

Look at issuing digital currency, IMF head tells central banks John Lothian Newsletter,Newsletter

First Read Coinigy Joins with Merkle Data to Provide Enhanced Data Thom Thompson – John Lothian News Coinigy, the Milwaukee-based cryptocurrency trading front-end and data service, announced an agreement Tuesday in which Merkle Data would provide its three cryptocurrency indexes to Coinigy’s customers. Merkle Data provides analytics and risk solutions to crypto institutions in part by analyzing the publicly available data that are a hallmark of the blockchain economy. Coinigy offers its customers a trading interface that is connected to 15 different cryptocurrency platforms. Customers can use the Coinigy interface to access their own accounts at the cryptocurrency platforms, providing…

SGX launches new securities settlement and depository system John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s Cult Wines seminar in Chicago brought the business of wine investment to the city. This unregulated $5 billion market offers some interesting alternative investment tidbits, including: the wine index LIV 1000 data shared at the event showed lower volatility than benchmark indexes such as MSCI over the past 3-, 5- and 10-year periods. Burgundy was the fastest growing region from Cult Wines’ investors, accounting for 22 percent of investments.~JK At the Cult Wine seminar in Chicago, a late fact disclosed was a 15 percent upfront management fee for the services of the…

Meet the Robot Who Knows How to Trade Bonds Better Than You Do John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff On Sunday I commemorated the end of World War I and Veterans Day in the US by attending a program at Elmhurst College put on by a local VFW group. The Elmhurst College band played, local Boy Scouts participated in the flag ceremony and veterans spoke of their experience. It was a moving program. I enjoyed the historic music played the most. During the ceremony I reflected on the fact that my grandfather, for whom I am named, celebrated his 18th birthday in a trench in France. And last week, my wife’s stepfather,…

SEC, EtherDelta founder settle charges over unregistered exchange; Wall Street says Fed is in denial John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Thank you to the reader who reached out to Jim Oliff with his story of being a cancer survivor for six years with the same type of cancer. The readers of this newsletter never cease to amaze me with their kindness, generosity and sharing.~JJL Benchmark Mineral Intelligence forecasts there will be a 399 percent jump in lithium-ion battery production by 2028. Here is an infographic from Visual Capitalist on the explosion of battery “megafactories.” For a more comprehensive look at the lithium ion battery space, see this blog. For some more trading specific…

Virtu to buy ITG; Nov still packed with events; A relieved VIX JLN Options Newsletter,Newsletter,Options

Lead Stories Virtu Financial to buy independent brokerage ITG for $1 billion Reuters (Reuters) – High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) for about $1 billion, ITG said on Wednesday as Virtu looks to add more big institutional investors. /jlne.ws/2DpWyuT ****SD: There were reports in early October that the two were in talks. Virtu announced its third quarter earnings today, too. Other sources with the ITG/Virtu news are Financial News, Barron’s, the WSJ, The Trade, and the Financial Times. Not Just Midterms: Investors Bracing for Packed November Calendar Amrith Ramkumar and Gunjan…

We live in an age of unprecedented risks; Supply crunch looms in commodities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff If you are a U.S. citizen registered to vote, GET OUT AND VOTE! If you are not registered to vote and live in Illinois, you can register to vote on Election Day and vote. See this voter registration guide for details on various state’s rules.~JJL What is the Macquarie 50th Anniversary Award?~JJL Day two of FinTech Week in Washington, DC continues today. It concludes on Thursday. LabCFTC will be hosting Office Hours at the Singapore FinTech Festival. Office Hours provide entrepreneurs and FinTech innovators an opportunity to engage with LabCFTC in general conversation,…