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Tag Archives: CME Group

Lessons from My Crypto Career Risk – Tim McCourt, CME Group Feature,MarketsWiki Education,MWEd,Video,video

“[In July 2000, my boss] said, ‘Tim, tomorrow, you’re going to start on the equity derivatives desk at JP Morgan.’ I was like, ‘Fantastic. I’m super excited.’ I go home, no one really has a laptop, I got my  first cell phone two weeks before – it’s not web-enabled – so I go bring out a red Merriam-Webster dictionary and look up ‘equity’ and ‘derivative.’ All right, I’m ready for my first day tomorrow. I had no idea what it was. But that didn’t stop me. ”  Tim McCourt, managing director, global head of equity products and alternative investments at…

CME Group floats B share buyout plan; SEC urges completion of CAT John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The most recent episode of “The Spread” – JLN’s options news recap – can be found here. ~SD If you are not a fan of “The Spread” and Spencer Doar, you should be. It is fun to see his creative and whacky side come out while sharing the news in the world of options trading. And by the way, we are looking for a firm or firms willing to sponsor this video series.~JJL In Wells Fargo’s most recent quarterly SEC filing, there were 6,250 words dedicated to legal liabilities and “efforts to rebuild…

CME pulls ahead in race to control bitcoin futures John Lothian Newsletter,Newsletter

First Read Custody Battle Brewing Over Crypto Assets, and That’s a Good Thing Jim Kharouf, JLN It was just a few months ago that the cryptocurrency markets were bemoaning the lack of institutional-grade custody services. Without them, no right-minded fund or asset manager was going to get anywhere near this market. And if they did, they had already written their firm’s obituary and put it in a drawer just in case. It reads something like this: “Thank you, dear customer, for investing your hard-earned fiat currency into our kick-ass digital asset fund. Unfortunately, someone in the Seychelles, Pyongyang, Kiev, Tehran…

Transitioning Between Startups and Large Companies – Adam Honoré, CME Group Feature,MarketsWiki Education,Video,video

“One of the things you need to understand about yourself is how you manage your personal finances.  A lot of people don’t talk about that. But if you want the flexibility to go to a startup, you can’t do that with two car payments, and a mortgage at the top rate, and credit card debt.” All companies are not created equal. Healthcare, time off, travel – these aspects of a job will differ depending on the firm. In this video from MarketsWiki Education’s Chicago event, Adam Honoré, executive director, head of product management, data services with CME Group, discusses the…

Custody Battle Brewing Over Crypto Assets, and That’s a Good Thing Blockchain,Commentary,CryptoMarkets,Feature

cryptocurrency dollar

It was just a few months ago that the cryptocurrency markets were bemoaning the lack of institutional-grade custody services. Without them, no right-minded fund or asset manager was going to get anywhere near this market. And if they did, they had already written their firm’s obituary and put it in a drawer just in case. It reads something like this: “Thank you, dear customer, for investing your hard-earned fiat currency into our kick-ass digital asset fund. Unfortunately, someone in the Seychelles, Pyongyang, Kiev, Tehran or all of the above has stolen our crypto assets. With regret, we will be liquidating…

Derivatives Hiring Spree; Barclays Trader’s Options Fraud Case to Continue Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Up Six Percent in June OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in June reached 409,115,041 contracts, up six percent compared to June 2017 volume of 387,597,223. OCC’s year-to-date average daily cleared contract volume is up 22 percent with 21,012,628 contracts compared to 17,174,603 contracts in 2017. /jlne.ws/2z6bg8U ++++ June 2018 Options Exchange Marketshare via OCC ++++ July 4: Which markets are closed? Leia Klingel – Fox Business July 4 falls midweek this year, which means trading volumes could be lower than usual for…

Diving into Russell Reconstitution Day Video,video

Today is reconstitution day for Russell indices. It’s a huge volume day for exchanges as holdings are adjusted, but the market has proven more than capable at digesting that volume without much volatility. In this video, Sean Smith, FTSE Russell’s managing director of derivatives licenses, talks about the reconstitution process and FTSE Russell’s relationship with Chicago exchanges.    Produced by Mike Forrester

May Volumes; Fixing the VIX; 50 Cent; OIC Options Studies Newsletter,Options

Observations & Insight US Options Volumes Remain on Record Pace Despite Slowing Momentum TABB Forum US options volumes slipped again in May 2018, losing some of the momentum established during a torrid first quarter, but volumes still remain on pace to hit record levels for the year. May 2018 volumes fell to 366 million contracts, from April’s 398 million contracts. However, year-to-date US options volumes represent a healthy 25.2% gain over 2017. bit.ly/2KaE7K7 ****SD: The only exchange with a decrease in volume YoY is Nasdaq BX, but that drop was a mere 2 million contracts, which is more than made…

Broker sued over ‘demo’ trading platform mix-up; Deutsche Bank risk questions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Rumi Morales will be announcing the launch of a major investment platform in the US on Wednesday, June 27.~JJL The 2018 Managed Futures Pinnacle Awards were last night in Chicago. Colin Jost from Saturday Night Live was the entertainment this year. He started by introducing well known “Irish Catholic” Sol Waksman. He later gave the CME Group a raunchy salute, probably for the political censorship by which he was confined, by sharing that he is a numbers guy. Enough said.~JJL For those concerned that ETFs with illiquid components will be the cause of…