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Tag Archives: Citadel

AI is changing this industry. Now what? Blockchain,Blog,Commentary,CryptoMarkets,Feature,Fintech

I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world.   What is patently clear is that AI is here now and is only going to expand. As Jay Biondo, product manager, surveillance at Trading Technologies told me, it’s everywhere already – from Amazon’s Echo (usually called Alexa) to Netflix’s suggested picks. It’s part of Charles Schwab’s brokerage service which will allow its brokers to service thousands instead of hundreds of customers, according to Jack Boyle, vice president derivatives & trading support at Charles Schwab,…

The Spread – Week of 5/21 to 5/25 Video,video

Reviews of “The Spread” are in! “You look better in blue.” -Host’s mom  “I guess I like it – I just don’t understand what you’re talking about.” -Old college friend “I prefer the book.” -Random millennial “It’s better than most other stuff.” -Biased observer Stories referenced in this week’s episode are:  -> CNBC – Goldman made a staggering $200 million in one day as markets plunged -> RCM Alternatives – LJM: The Autopsy -> Reuters – Citadel Securities ups ETF game as part of growth push -> Financial Times – US banks can now expect a streamlined Volcker rule 2.0 -> Reuters – Overstock.com…

Citadel ups its game; BOX and tZERO plan token exchange Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – Cboe’s Andy Lowenthal Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Andy Lowenthal, Cboe executive vice president and co-head of markets, talks about transitioning Cboe’s exchanges to Bats technology, the plan for more crypto offerings, and bringing the industry together to focus on market structure issues. Watch the video here » Lead Stories Exclusive: Citadel Securities ups ETF game as part of growth push John McCrank – Reuters Citadel Securities LLC has entered the lead market making…

CME About to Win 14 year old Eurex Suit; SEC’s Retail Protection Plan Short on Details John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff CFTC Commissioner Brian Quintenz will give an introductory keynote Address at Consensus 2018 on May 14 in New York.~JJL The uber efficient Jessica Darmoni interviewed Wedbush’s Bob Fitzsimmons for exactly three minutes for the Hehmeyer blog.~JJL OCC offers the FidelityStudent Debt Contribution Program to their employees to aid in efforts to attract and retain the best talent.~JJL CME Group had 3116 bitcoin futures contracts trade yesterday. Cboe saw bitcoin volume of 7,062 contracts yesterday.~JJL The list of firms offering bitcoin trading on the Cboe includes Advantage Futures, ED&F Man Capital Markets, E*Trade, Interactive…

HKEx May Have Reached Its Peak; Crypto Could Be Lifeline for CHX; Hundreds of European stocks barred from dark pools John Lothian Newsletter,Newsletter

First Read Statement on Potentially Unlawful Online Platforms for Trading Digital Assets Divisions of Enforcement and Trading and Markets SEC Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). The platforms often claim to give investors the ability to quickly buy and sell digital assets. A number of these platforms provide a mechanism for trading assets that meet the definition of a “security” under the federal securities laws. If a platform offers trading of digital assets that are securities and operates…

Bitcoin tumble; CurveGlobal readies fixed income push; Market rout; Robo-advisers crash John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff ICE’s NYSE FANG+ futures had record volumes on Friday last week with 7,884 contracts trading. That was one of three new record trading days last week, and average daily volume for the week was 3,278.~JJL Yesterday was the biggest one-day move for the VIX in percentage terms, up 115.6 percent.~SD Mark your compliance calendar for May 11! That’s the date on which compliance with new FinCEN Anti-Money Laundering rules (published May 11, 2016) is required. Courtesy of our friends at Exchange Analytics, who offer an AML course and more.~JJL CurveGlobal raised another £20…

A Huge Player in VIX Options Just Changed Its Buying Behavior; Stocks Are Priced for Perfection; 6 Signs of Extreme Stock Market Optimism Newsletter,Options

Observations & Insight STAC Options Notes Spencer Doar – JLN It was a lively options market structure panel at STAC’s Mid-Winter Meeting in Chicago Wednesday. Moderated by OCC’s Chief Risk Officer John Fennell, the panelists were BOX CEO Ed Boyle, Dash Financial CEO Peter Maragos, CTC’s Head of Market Structure Steve Crutchfield, and IMC Managing Director Paul Jiganti. Here are some takeaways. Crutchfield gave an example, provided by Trade Alert President Henry Schwartz, of how burdensome bank capital rules can be on big bank clearers (there are pretty much only three) of options liquidity providers. In a very tight put…

Index Providers Rule the World; Unknown traders gain influence in commodities; Beijing is Making Its Most Serious Effort Yet to Tackle Its Financial-System Issues John Lothian Newsletter,Newsletter

First Read Hits & Takes The Canadian Annual Derivatives Conference is November 27-29 in Quebec City. Blythe Masters will be a keynote speaker.~JJL Seismic Foundry website is now live.~JJL OPEC’s next meeting is this Thursday. Bantix Technologies, the provider of the Quikstrike options analytics suite, has a blog laying out everything you need to know about the upcoming meeting.~SD Ever wonder when charts became such a standard part of news presentation? Priceonomics has a blog covering the origins of charts and graphs. Scottish political economist William Playfair is credited with creating the modern statistical chart in the late 1700s.~SD Nasdaq…

CBOE After Hours Liquidity; OCC on Data; Point72 algo trader hired from Citadel Newsletter,Options

Lead Stories ETH Liquidity Continues to Improve Matt McFarland – CBOE Options Blog CBOE’s Extended Trading Hours (ETH) offers trading in the Exchange’s flagship SPX, SPXW, and VIX option products beginning at 8:00 a.m. London time. CBOE made ETH available in March 2015 and has seen significant growth in 2017. Liquidity has continued to improve and has most recently dramatically increased with the entrance of two London-based dealers willing and able to commit capital to trades. Average daily volume has jumped from 4,400 contracts in 2016 to 7,500 in 2017, a 70% increase. August is on pace to be the…