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Tag Archives: China

Light at the End of the Tunnel – Pat Kenny and Ryan Moroney, CQG Feature,Video,video

With MiFID II preparations in the rearview, CQG can now focus on expansion – its biggest push being into mainland China. In this special two-for-one video from JLN’s annual series with industry leaders, CQG SVP of Client Relations Pat Kenny and President of CQG Europe and the Americas Ryan Moroney discuss CQG’s international plan, getting into the algo space and adapting to the needs of traders.   Produced by Mike Forrester Interview by Jim Kharouf

Brexit, Bitcoin and Benchmarks – Garry Jones Commentary,Feature,Mwiki,Video,video

Former Liffe and LME CEO Garry Jones kicks off JLN’s annual series of interviews with industry leaders at FIA Boca. In this year’s series of some 20 videos, executives from exchanges, fintech companies and service providers give their outlook on the coming year and state of the industry.  Jones, no longer under his LME non-compete, talks about the challenge of Brexit, the hurdles facing cryptocurrency trading in Europe and the potential effects of new Chinese product launches on global benchmarks.  Produced by Mike Forrester Interview by John Lothian

Spot Trading Closes; EU Fintech Regulatory Roadmap; EU probes UK derivatives tax treatment John Lothian Newsletter,Newsletter

First Read Renato Mariotti for Illinois Attorney General; A Former Prosecutor and Current JLN Reader Is The Best Choice For Illinois AG John Lothian – JLN Democratic Attorney General candidate Renato Mariotti stopped by the John Lothian News offices in the Chicago Board of Trade Building on Tuesday, March 6 for a sit down video interview. He has been a John Lothian Newsletter reader since 2012, and he used the market and industry knowledge he gained from reading the newsletter to bolster his success as a federal prosecutor. Mariotti is a former prosecutor in the US Attorney’s office in Illinois…

China’s VIX Goes Dark; Hidden Corners of Credit Selloff; LJM fund lawsuit Newsletter,Options

Lead Stories China’s VIX Goes Dark as Government Clamps Down on Options Bloomberg News State-run index compiler stopped updating the gauge Thursday; Move is designed to curb options trading, people say China stopped updating its homegrown version of the VIX Index, taking another step to discourage speculation in equity-linked options after authorities tightened trading restrictions last week. State-run China Securities Index Co. didn’t publish a value for the SSE 50 ETF Volatility Index on its website Thursday. An employee who answered CSI’s inquiry line said the company stopped updating the measure to work on an upgrade. The move was designed…

The Spread – Week of 2/12 to 2/16 Commentary,Video,video

Manipulating, gaming, rigging – that’s the nature of VIX talk this week. But before we get to those allegations in this week’s options recap, we cover a few other stories that didn’t get as much press. The following are stories referenced in this week’s episode of The Spread: Gulf Times – China to curb option trades after one bet soared 2,250% Reuters – Colombia aims to kick-start oil hedging program – finance minister WSJ – Harvard, Hawaii Gambled on Market Calm—Then Everything Changed JLN – What’s the Deal With the VIX Manipulation Letter? Inaccuracy and Misunderstanding CNBC – Ex-CFTC head…

FINRA looking at VIX; China curbing options trading; Exotic ETP concerns Newsletter,Options

Observations & Insight What’s the Deal With the VIX Manipulation Letter? Inaccuracy and Misunderstanding Spencer Doar – JLN The big options news pertains to a letter alleging VIX manipulation. The letter, written on behalf of an anonymous whistleblower by a Washington D.C. law firm, alleges market makers manipulate the VIX by quoting far out of the money SPX put options so they are included in the VIX calculation at junctures that benefit their trading activities. It’s understandable financial instruments are subject to concerns about manipulation when their inner workings are complicated and not fully understood by the general public. VIX…

Finance chiefs warn on Big Tech; Trading venues buzzing; China to stamp out cryptocurrency trading John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Richard Sandor has a new book coming out, “Electronic Trading & Blockchain: Yesterday, Today and Tomorrow.” The book tells the story of his experience leading the first project to design and establish an electronic trading platform and for-profit exchange when he taught at Berkeley in the late 1960s. Included in the book are chapters from leaders in digital assets, including Don Wilson and Don Tapscott. Doc Sandor gives Jim Kharouf and I a tip of the hat in the book as we are mentioned as leading figures in the financial press covering the…

Who Regulates Bitcoin Trading?; China’s Oil Pricing Bid Will Fail; Senate Confirms Jackson, Peirce to SEC John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The JLN Staff is working from home this week, with the exception being Wednesday, when we will convene in our CBOT Building offices to map out our January schedule.~JJL Jim Kharouf has officially stepped down as CEO of John J. Lothian & Company, Inc.~JJL Want some fun map facts? The cartographic debate over the distortion of Africa came up again this week – The Economist has the details. Let’s just say when it comes to map making, there are a number of ways to skin a cat.~SD The A Wealth of Common Sense…

Blockchain to massively change commodities; Cboe’s Tilly predicts more consolidation; Chinese oil futures? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We are rolling out the first of the videos from the MarketsWiki Education recruiting event held the Monday of EXPO week in Chicago. The first video features Cboe’s Ed Tilly.~JJL Recall the “broker fee wars” earlier in the year? Fidelity, TD, Schwab and a whole bunch of others started slashing commissions and fees, bringing much of the $7 per equity trade shops down to $5 a trade and some of the discount brokers even lower. Then there’s tastyworks’ $1 to open/free to close options trading setup. Well, unicorn-valued trading app Robinhood just…