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Tag Archives: Citadel Securities

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…

Hawaii, Harvard gambled on calm; Wall Street not quitting vol; More VIX rigging; HFT source code developments Newsletter,Options

Lead Stories Harvard, Hawaii Gambled on Market Calm—Then Everything Changed Gregory Zuckerman, Gunjan Banerji and Heather Gillers – WSJ A decade of low bond yields pushed some of the most stability-minded investors to dabble in risky investments that depended on markets being orderly. Now, those bets are looking problematic. In the past, pension funds, endowments and family offices pursued relatively safe investments. After interest rates collapsed on the heels of the financial crisis, they ran into challenges paying pensioners and filling university budgets, and added riskier bets on hedge funds and venture capital in the hopes of winning better returns….

A Kansas Investment Firm Spurring Change on Wall Street; Academics Clash Over VIX Bragging Rights; In the New Bond Market, Bigger Is Better John Lothian Newsletter,Newsletter

First Read Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income, customizable…

OCC Cleared Contract Volume Up 19 Percent in May; VIX Index Closes Below 10 Again, as Professor Called VIX Level the Biggest Financial Mystery; Citadel Securities Hires Barclays’s Electronic Equities Chief Newsletter,Options

Observations & Insight May 2017 Options Exchange Marketshare via OCC Two notable changes: -NYSE down from 17.04% total options marketshare in May 2016 to 12.6% in May 2017. -CBOE up from 36.58% total options marketshare in May 2016 to 44.13% in May 2017 (vast majority of that growth in C2 and CBOE). ++++++ Meet My Connection: BSO Finding Ways To Connect Traders To Emerging Markets Jim Kharouf – JLN Archimedes is credited with saying, “The shortest distance between two points is a straight line,” but that’s not always the fastest. Michael Ourabah says the fastest route to and from emerging…

Are Traders Creating a Bizarre New Feedback Loop?; Lies, Damn Lies, and Financial Statistics; ICE Clear Credit Expands Clearing for Global Financial Corporate Single Name CDS John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian It has been two years since Spencer Doar joined John Lothian News as an intern, then later becoming a full-time employee and integral part of the JLN Team. He has the second longest employment streak at the company of someone who is a Chicago White Sox fan. Not sure how that happened. Our survey prize went to Kevin Brennan of INTL FC Stone. Congratulations Kevin, I hope you enjoy your Amazon Echo. Thank you to all who participated in our survey. We greatly appreciate it. My friends at the Pathway to…

Empty Seats at Regulators Hold Back Trump Bid to Undo Dodd-Frank; Clearing houses see record volume as new rules boost activity; ETFs Are the New Bond Kings John Lothian Newsletter,Newsletter

First Read End of a Series Today concludes our annual Exchange Leaders Series from FIA Boca, with an interview with Matt Chamberlain, interim CEO at the LME. In all, the series included eight different exchange executives who sat down to speak with us at the conference last month. If you haven’t seen them, they are all included below. Each has their own way of summing up 2016 and what is happening at their respective markets in 2017. The FinTech Exchange conference tickets went fast yesterday. Thanks to all who played. The conference is in Chicago on April 27. Tickets, just…

Citadel Securities agrees $22.6m settlement with SEC; BSE sets initial public offering at Rs 805-806 band; LSE dismisses report on moving clearing to Germany John Lothian Newsletter,Newsletter

First Read DTCC hires former regulator for trade repository compliance; Derek West will join the DTCC with responsibility for compliance at its Global Trade Repository. By Paul Walsh – The Trade The Depository Trust and Clearing Corporation (DTCC) has appointed Derek West as chief compliance officer for its European Global Trade Repository (GTR) business. /goo.gl/NWuUof **JK: He’s a Chicagoan turned Canadian turned European Global Trade Repository officer. I’m confused. ++++ Trump’s tweets could offer investors an opportunity; President-elect has made mining social media for market-moving sentiment essential by: Nicole Bullock – FT Tweets from Donald Trump about “out of control…