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Tag Archives: Chicago Stock Exchange

Could the ‘Intellicator’ Spill the Market’s Secrets?; 2 Chinese investors drop out of bid for Chicago Stock Exchange John Lothian Newsletter,Newsletter

First Read Hits & Takes This evening is the LaSalle Street Trading Tech Awards at the Chicago Board of Trade Building supporting the Pathway to Adventure Council of the Boy Scouts of America. John Hague of RSM and I are the co-chairs of the event. I would like to thank John for his leadership and also the management of the CBOT Building, Glenstar Properties, for helping make this event happen. This event is the reincarnation of the LaSalle Street Dinner Dance where the who’s who of the Chicago financial community would party under a circus tent in front of the…

US brokers secure SEC relief to comply with Mifid research rules; Startup Exchange Cleared to Take on NYSE, Nasdaq for Stock Listings John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Cinnober has introduced subsidiary Minium to provide real-time post-trade technology and services to international investment banks. ~JJL FIA Global’s Simon Puleston Jones addressed the House of Lords EU Financial Affairs Sub-Committee on the potential impacts of Brexit on the cleared derivatives industry. ~JJL Apologies – there was a problem with the link in yesterday’s Hits & Takes to the commentary by Jim Greco of TradingPlaces about Virtu and Bondpoint. Here is a new link, which has been double-tested for connectivity. Also, we have created a page for BondPoint on MarketsWiki. ~SR NFA:…

SEC Approves Chicago Stock Exchange’s ‘Speed Bump’ for Trading; Trading Firms Fear Mutiny on MiFID Passport Data John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN ICE has made the inaugural Fortune Future 50 list, their ranking of companies best positioned for breakout growth.~JJL The FIA Expo panel on the geography of fintech was a draw regarding which city is best – London, Frankfurt/Berlin, Chicago, Boston or New York. But noted places of envy were the fintech sandboxes in Ontario and London.~JK Quote of the day comes from Kyle Zasky, partner at the investment bank SennaHill Partners, who said large banking institutions are at risk of being disrupted by fintech start-ups if they do not embrace and invest in…

White House commits to ending Wall St tax loophole; SEC Chairman Froze Agency’s Approval of Chicago Stock Exchange Sale John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Today we have part one of a two part series titled “The CFTC and Fintech Innovation, Goals of LabCFTC” featuring an interview with CFTC Chief Innovation Officer Daniel Gorfine. ~JJL The FIA has asked me to moderate a panel at EXPO on customer protection. I said yes. ~JJL The FIA has put out a recommendation on market integrity, “FIA recommendations to streamline CFTC regulations and enhance market integrity.”~JJL SGX is offering a course titled “Secret Trading Techniques of a Proprietary Trading Firm Revealed (Course Preview).” I am not sure the secrets will…

Nasdaq Sues Rival Exchange, Alleging Stolen Tech Secrets; New Worry in ‘Repo’ John Lothian Newsletter,Newsletter

First Read The Patent World By Jim Kharouf We’re back in court today. Nasdaq has filed suit against Miami International, the parent company of MIAX, the youngest of the US options exchange groups. On Friday, Nasdaq announced it had filed suit for patent infringement and stealing Nasdaq secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. In Friday’s top story from Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at…

Harvey throws a wrench into U.S. energy engine; NYSE owner lines up sale of energy trader; Chicago Exchange Sale Looks Shaky as China Tensions Rise John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The CME has published a video “Spread trading with E-mini Russell 2000 futures.”~JJL Leslie Sutphen is the speaker featured today in JLN from the MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Bloomberg has a story “Odds of U.S. Technical Default About 15%, T-Bills Curve Shows.” This is something to keep your eye on.~JJL In more “millennials are wrecking things” news, J.D. Power reports “48% of millennials with $100,000 in investable assets … say they ‘probably will’ or ‘definitely will’ leave their current firm and advisor, compared with just 8%…

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…

Clearing Firms Simulate Lehman-Like Default During Brexit Chaos; Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal; NYSE Revamp Steps Up Threat to Speed-Fighting IEX Exchange John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have a couple of changes to our MarketsWiki Education World of Opportunity series in New York due to some last minute scheduling conflicts. Jennifer Nayar will be replaced by Brian Cassin, head of product and strategy for North America for Vela Technologies. Also, Louis Modano will be replacing Michael O’Rourke of Nasdaq. Modano is chief information security officer at Nasdaq. Last, Anna Irrera, a fintech correspondent of Reuters will represent Thomson Reuters at the event on Wednesday. We have closed registration for the Friday event at Trading Technologies next week…

Chicago Wants to Be a Hub for China Stock Trading; Wall Street’s Volatility Pioneer Searches for Latest Fear Trade; Hedge fund redemptions a dismal end to a bad year John Lothian Newsletter,Newsletter

First Read My Picks for CFTC and SEC Commissioners By John J. Lothian Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let’s create some of our own in time for the FIA Boca Raton International Conference. I am going to give you my top ten potential candidates for each commission in alphabetical order. That they are on the list does not mean they would be willing to serve, but it does mean I believe they are eminently qualified to…