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Tag Archives: CME

MIAX Prevails in Patent Spat with Nasdaq; Sterling slump prompts dash for options JLN Options Newsletter,Newsletter,Options

Observations & Insight TGIF – Miscellany Spencer Doar – JLN Susquehanna’s Stacey Gilbert, head of derivative strategy, said during a panel at SIFMA’s Listed Options Symposium that there have been seven days in 2018 that saw a three standard deviation move. That should happen only two or three times a year. In the last 30 years, there was only one other year it happened: 2008. An uncommon name on the “most active options” lists this week has been Pacific Gas & Electric Co. (PCG). The utility’s stock has been bouncing all over the place on news that its equipment might…

Opposition mounts as CME looks to slim down its board John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s LaSalle Street Trading Tech Awards program was good fun for a good cause, despite the absence of one John Lothian. (His surgery went well – you can tell because he’s tweeting again.) Over $150k was raised to help Scouts from underserved areas of the city get exposure to finance, witness corporate life and develop leadership skills. How often do you get to see industry leaders in campaign hats?~SD Nodal Exchange and IncubEx launched their first tranche of North American Environmental contracts today. The new contracts, which mark the expansion of Nodal Exchange’s…

Virtu to Buy ITG in Almost $1 Billion Deal; CME’s Nex to apply for Dutch exchange licence John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff From Trading Technologies: “It is with sadness we share that Louise Moore, a London-based customer success manager at TT for the last five years, lost her 2-year battle with cancer over the weekend. Louise joined TT’s London team 7 years ago as a consultant after working as a manager at MF Global. She touched many people with her outgoing personality, big sense of humor and bravery. She worked in this industry for more than 20 years and made many friends. She will be deeply missed by those who knew her, especially her TT…

OCC’s new tech must be blockchain compatible; TT and TradeStation on OOFs JLN Options Newsletter,Newsletter,Options

Lead Stories OCC says new tech must be compatible with blockchain Louisa Chender – Global Investor Group (SUBSCRIPTION) “We want to make sure we have technology that is easily compatible with blockchain,” John Davidson, president and chief operating officer of the OCC, told FOW. Nevertheless blockchain is about an environment where participants do not know or trust each other, which is not the case in the clearing space. “Clearing is a trusted counterparty environment and doesn’t necessarily really need the overhead with regards to blockchain,” Davidson said. He added: “However, there is a need with regards to securities lending which…

ErisX Enters the Crypto World With New Spot and Futures Platform Blog,CryptoMarkets,Exchanges, OTC & Clearing,Regulation

It looks like there is a growing market for regulated exchange trading of cryptocurrencies. ErisX, the U.S. futures exchange best known for offering listed interest rate swap futures, just announced plans to launch a derivatives exchange (DCM) and clearing organization (DCO) that will offer digital asset futures and spot contracts on one platform. The exchange plans to offer contracts on bitcoin, bitcoin cash, ethereum and litecoin. This is going a step beyond the CME and the Cboe, which began offering cryptocurrency futures in December 2017. Eris needs a DCO license to clear its crypto contracts; that application is pending with…

The Wild West days of crypto exchanges are coming to an end John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff HERE is a link to the Virtual Markets Integrity Initiative Report from the Attorney General of the State of New York that has spawned so many stories in today’s newsletter.~JJL Ed Tilly of Cboe will be riding in the Wall Street Rides FAR this year for the first time with this Cboe colleagues. Cboe Global Markets is a diamond level sponsor of Wall Street Rides FAR, an organization that promotes autism research through an annual series of charity bike rides outside of New York City. You can donate HERE to support Wall Street…

Policymakers Saved the Financial System; CME-Nex deal filed with UK regulators John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Dawn D. Stump was sworn in to serve as a Commissioner of the CFTC yesterday at the Fearless Girl Statue in New York City; former CFTC Commissioner Jill E. Sommers administered the oath of office.~JJL CME Group’s market cap stands at $58.4 billion, up from $54 billion in March.~JK CTA Expo is holding the second day of its 2-day event today in Chicago for the managed futures space.~JK Gate39 Media has published two pieces in a series on managed futures marketing and business development by Jim Kharouf for Gate39. Part one is on…

New CyrusOne Colo Service; VIX lawsuit; Saudi options due after futures launch JLN Options Newsletter,Newsletter,Options

Observations & Insight August 2018 Options Exchange Marketshare via OCC ++++ Wednesday Bits Spencer Doar – JLN Market participants have until September 14 to comment on a Nasdaq proposal “to codify the definitions of the current protocols that Participants can use to enter quotes and orders on the Exchange and introduce a new protocol.” If you’re not a market maker, consider yourself excused from reading that. Pretty much the protocol formerly known as “OTTO” is going to be “QUO.” And the old “OTTO” is going to replaced by a new, revamped “OTTO.” Got that? Cboe is continuing its rebranding efforts,…

Big banks win dismissal in U.S. of bond rigging lawsuit; Finally, CME honors its investors John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff In case you were wondering who CME Group’s Class B board members are: Jeffrey M. Bernacchi, Gedon Hertshten and William W. Hobert were elected in May for one-year terms. CME’s Class B-2 directors are Ronald A. Pankau and David J. Wescott. The Class B3 director is Elizabeth A. Cook. There soon may only be three.~JK In PanXchange’s most recent newsletter, CEO Julie Lerner writes that she is “exploring the appetite to launch a global physical commodity blockchain alliance” with the goal of developing a roadmap for blockchain applications by those who actually know…