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Tag Archives: CME

Bitcoin is the greatest scam in history John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff Exchange clearing specialist and economist Thom Thompson has joined John Lothian News part-time as a contributing editor for the CryptoMarketsWiki.com project. Thomson has worked with the Chicago Board of Trade, BOTCC, Deutsche Boerse, Eurex, Eurex Clearing and the Swiss Exchange in a career that began at the CFTC as an industry economist. More recently, Thomson has worked with exchange startups Seed CX and Bcause. He can be contacted at thomthompson@johnlothian.com.~JJL If you wish to vote for whatever horse you have in the Intelligent Trading Technology Awards race, go here. ~SD Hanweck has been…

FINRA Sweeps BDs for VIX-Linked Products Info; Earnings Season Catalyst to Crush Volatility Again Newsletter,Options

Observations & Insight Treasury Pushing For Capital Rule and Volcker Changes Jim Kharouf – JLN The US Treasury Department is addressing capital intensive rules that have constrained market participants from capital markets to community banks under the Volcker rule. Craig Phillips, counselor to US Treasury Secretary Steven Mnuchin, speaking at the WFE IOMA conference in Chicago last Friday, said the department is looking at a variety of issues and challenges for market participants, ranging from restrictive leverage ratios and how those are calculated, to easing restrictions on banks and institutions in the capital markets to promote liquidity, to changes in…

Investors Brace for More Turbulence; Bearish VIX?; Market disconnect Newsletter,Options

Observations & Insight Editor’s Notes JLN Staff -A new episode of The Spread will be available at the end of the day. Follow JLN Options on Twitter to keep up to date on our activity. #MadeAGoalToBeMoreActiveOnSocialMediaAndYesIKnowLongHashtagsAreCounterproductive -Always wanted to ask Nassim Taleb something? Now might be your chance to get a question answered as Tyler Cowen is polling his audience for ideas in preparation for an interview with Taleb.~SD – Yesterday marked the 228th birthday of the Philadelphia Stock Exchange (PHLX). The following comes from Daniel Carrigan, president of Nasdaq Futures, Inc.: “PHLX was formed to support a fledgling U.S….

Regulatory Crypto Crackdown; CME grain pushback John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Intercontinental Exchange Group’s market cap was $42.2 billion yesterday. Last August, it was $38.8 billion. In 2005, after its IPO, it was $2 billion.~JK Yesterday marked the 228th birthday of the Philadelphia Stock Exchange (PHLX). The following comes from Daniel Carrigan, president of Nasdaq Futures, Inc.: “PHLX was formed to support a fledgling U.S. government which borrowed $77 million from citizens to wage freedom from Britain. The first private debt offering was listed for trading in 1795 for The Penn and Lancaster Turnpike. The certificate contained the first picture imprint on a certificate…

MIAX Challenges Nasdaq Options Patents; Crisis hedge funds’ lackluster performance Newsletter,Options

Observations & Insight With trade war, U.S. and China stumble into the Thucydides Trap John Kemp – Reuters The United States and China have fired the opening shots in a trade war that may be hard to stop. /jlne.ws/2GxA4tV ****SD: Regardless of the situation, whenever I see Thucydides mentioned I have to reread the Financial Times Alphaville article For the love of Zeus, stop misusing Thucydides from last summer for context. It’s well worth the more in depth history lesson/tuneup. Surprisingly, three of the four Trump officials referenced in the piece who are known for their Thucydides fandom are actually…

CME rules out asset sales after Nex deal; Euronext eyes post-Brexit opportunities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Compliance And Regulatory Liaison, from Trading Technologies, available April 1, 2018 TT.~JJL If you missed our early edition of The Spread – our options-related news recap – last week, check it out here. Baseball, volatility milestones, Oprah – there’s a bit of everything in this one.~SD At Boca I recommended a great April Fool’s Day press release. I recommended an exchange put out a press release saying they were listing a futures contract on vibranium. Evidently, they could not figure out how to make clearing and delivery work for a fictional metal.~JJL See…

CME Group Seals Deal to Buy U.K.’s NEX for $5.4 Billion John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MarketsWiki Education World of Opportunity series dates are set for Chicago and New York. This is the 6th year of the series that began in 2013 in Chicago. The New York events will again be held at Nasdaq at the Marketsite in Times Square. Nasdaq will again be an event sponsor. The Chicago series will be held on July 30, 31 and August 2. The first two days will be at the Stuart School of Business at Illinois Tech. The last day will be in the offices of Trading Technologies. Both IT…

13-Year High for Nasdaq Fear Premium; Lessons from Corrections Past Newsletter,Options

Lead Stories Tech Stocks Fear Premium Just Jumped to a 13-Year High Luke Kawa – Bloomberg The disruptors are getting ditched as tech fear spreads well beyond Facebook. /bloom.bg/2uxHl74 ****SD: Different chart on same subject from Bloomberg. Also from the WSJ – Tech’s Risk Bill Comes Due The Lesson From Stock Corrections Past? 200 Days of Pain Lu Wang, Sarah Ponczek and Elena Popina – Bloomberg S&P 500 fell 14% on average in five similar selloffs since ’09; Current rout would rank at bottom in duration if ended now Remember the last time stocks fell so hard? You probably don’t,…

Bear Stearns Meltdown Wreck; Decision time for Michael Spencer; Deductive Reasoning or Insider Trading? John Lothian Newsletter,Newsletter

First Read Potential CME-NEX Deal Is Full of History, Dilemma, Risk and Reward John J. Lothian – JLN For many years, the Chicago Board of Trade had cash treasuries envy, wanting to add the trading of cash treasury bonds and notes to its offerings. For many years, the CME has had cash currency trading envy. Both exchanges, now part of the CME Group, have tried to compete in cash Treasury and FX through various collaborations and initiatives. None of them succeeded. Chicago Board Brokerage and FXMarketSpace are long gone, but the desire to add treasuries and cash FX trading has…