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Tag Archives: Citigroup

TradingScreen rejects claims by shareholder group; Citigroup, Deutsche, HSBC Agree to Settlement John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Care to guess what the best performing financial asset of 2017 has been? According to Macquarie as cited in this Financial Times story, it’s the metal cobalt. Cobalt is up some 80 percent this year on the back of increased demand for electric vehicles.~SD Crain’s put out a list showing which companies won the most patents in Chicago in 2016. Trading Technologies is on there with nine. Tops by a longshot is Boeing with 1,045 (second and third go to Honeywell and Caterpillar, respectively). It’s all part of the Crain’s “Chicago’s Most…

US companies transformed into 800lb gorilla in bond market; Voice Brokers Beware: New MiFID Rules… John Lothian Newsletter,Newsletter

First Read Hits & Takes Markets Media Group is pleased to present its 3rd Annual Markets Choice Awards: Women in Finance event, which will kick off Markets Media Week on Tuesday, November 7, 2017. Women in Finance Are Back!. ~JK Chicago Tech Rocks returns September 28, 2017 at the Metro Chicago, 3730 N. Clark Street. Started in 2016, CTR is unique rock & roll fundraiser. Its sole aim is to DRIVE AWARENESS and RAISE MONEY in support of select non-profit schools and project-based learning programs that are helping prepare a new and diverse generation of technology talent. ~JJL If you…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; Standard Chartered eyes New York energy trading, bucks Wall Street trend: sources; Complex short Vix products draw fire as vol plumbs lows Newsletter,Options

Observations & Insight BOXing: Let the Bodies Hit the (Options) Floor Spencer Doar – JLN Golly, there’s been a ton of action in options markets lately. First, the surge of crypto news. Last week, MIAX’s investment in LedgerX received airtime as LedgerX was approved as a derivatives clearing organization (DCO), paving the way for bitcoin options. Then CBOE got into the fray with its announcement yesterday that it has partnered with Gemini, the cryptocurrency endeavor backed by the Winklevoss twins, to use its market data to create bitcoin futures. (I expressed my skepticism of the timeline laid out by CBOE…

Senate panel votes to advance CFTC chairman nomination; CFTC reaches first non-prosecution deal with ex-Citigroup traders; TP ICAP reshuffles senior management John Lothian Newsletter,Newsletter

First Read Identifying Problems And Solutions By Jim Kharouf, JLN At the FIA IDX conference in London earlier this month, the second day of the event concentrated heavily on post-trade issues and trends. We spoke with six executives from firms that are focused on the problems and solutions in that space. Take a look at the two short videos below to hear what they said about each question. The post-trade arena has fast become one of the most competitive sectors in recent years with new firms jumping into the space and incumbents launching new platforms. In April, we wrote about…

Options Market Structure – Fragmented Reality; Citigroup launches “credit VIX”; Mirror, Mirror, Which Asset Class Is the Sleepiest of Them All? Newsletter,Options

Observations & Insight Editor’s Note: In yesterday’s options exchange recap, we incorrectly noted that “NYSE Options … reduced the speed of execution by 50 percent,” when in fact NYSE reduced latency by 50 percent (or, when phrased another way, increased the speed of execution). ++++ An Anecdotal Look: The Retail Crowd’s Option Adoption Spencer Doar – JLN All of the derivatives conferences I’ve attended in the past few years had a noticeable retail customer presence or focus — be it panel subject matter, attendees from retail oriented companies or just overall mentions in conversation. The same was the case at…

Mystery of Russian Crime Gang, ADM Brokers Solved in U.K. Court; SEC poised to shorten settlement cycle for securities trades; The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul John Lothian Newsletter,Newsletter

First Read Boca Bits JLN Staff During the exchange leaders panel, panelists were asked what company and city would dominate swaps clearing in 5 years. During CME Group CEO Terry Duffy‘s response, he (again) raised the spectre of the CME Group moving out of Chicago by refusing to say where CME would be headquartered in a half decade. The consensus from the Washington Outlook panel was it will be extremely difficult for any reforms (read Dodd-Frank) to make it through Congress, so significant regulatory shifts will emerge from the agency level. Chris Giancarlo got a standing ovation at FIA Boca,…

Speed Traders’ ‘Stupid’ Plan for Fast Network Halted in U.K.; CFTC fines E*TRADE for allegedly destroying customer records; Brazil’s BM&FBovespa buys 8.59 pct in Lima exchange for 49 mln reais John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Jim Kharouf If you are like me and love to ride your bike to work, you might be interested in the latest offering for CBOT Building tenants – indoor parking. The building is offering 25 spots in a warm, locked, basement room for $120 for a year. A cheap way to keep your bike warm and safe. There’s more information here. There are 24 spots now, as I have rented one and love it. In case you missed it, Henry Schwartz, of Trade Alert was a guest editor of the JLN Options Newsletter in…

EU Said to Warn Deutsche Boerse-LSE Merger May Crush Rivals; Citigroup Punished for Treasury Market Spoofing by Five Traders; IPSX selects Cinnober to help launch new real estate exchange John Lothian Newsletter,Newsletter

First Read The Case That Changed the Industry Jim Kharouf, JLN Back in 2005, I began covering a major development in the financial industry – patents. More specifically, I began covering the patent infringement cases by Trading Technologies against a number of firms including CQG. That case, which lasted almost 12 years with appeals, is now essentially settled by the US Court of Appeals for the Federal Circuit, which affirmed the validity of TT’s patents, and essentially backed a lower court’s finding that CQG infringed on TT’s patents. The settlement awarded in the lower court was for $16 million. TT’s…

John Lothian Newsletter: Nasdaq Debuts Groundbreaking Nasdaq Financial Framework; China Wants to Set Prices for the World’s Commodities; Former SGX CEO joins Kouclo Group John Lothian Newsletter,Newsletter

First Read MarketsWiki Education Is More Than Paying It ForwardJohn Lothian – JLN Pay it forward. Do something nice for someone because some other person did something nice for you. In the case of MarketsWiki Education, you can pass on your passion for the markets and the underlying industry by sending your interns, your newer employees, or your son or daughter to the event series You can help change someone’s life for the better, I promise you. That is the kind of response we have had from some attendees. This response has prompted us to expand the program’s reach even…