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Tag Archives: CNBC

More Questions Than Answers For A Potential CryptoMarketsWiki ICO Blog,Commentary,CryptoMarkets,Fintech,Mwiki

In the announcement of CryptoMarketsWiki last week, I mentioned that the project would explore the initial coin offering process from an editorial and strategic perspective. If our due diligence works out, we may go ahead and conduct an ICO and use the token in our business operations. But there are lots of questions to answer before we get there. In fact, there are lots of questions we don’t even know yet, let alone know the answers. However, if we are going to build the central knowledge base for the cryptomarkets world, having real life experience with the product would be…

Kenny Polcari, O’Neil Securities – Charting a Career Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“Let me go and check this out. I’m either going to love (an intern job at the NYSE) or I’m going to hate it. If I hate it, OK, chalk it up to experience, but if I love it, it may change the course of my life. And, in fact, it changed the course of my life.” Market strategists love to follow charts. They look for trends, breakouts and key reversals. They pay close attention to entry points and exit strategies. Most importantly, they know they must concentrate not on the last trade, but rather the next one. In this…

John Lothian Newsletter: Inside the Secretive Circle That Rules a $14 Trillion Market; Carlyle-Owned Hedge-Fund Firm Hands Investors a Big IOU; SEC Takes Tougher Stance on Enforcement John Lothian Newsletter,Newsletter

First Read US banks hit out at collateral rules on derivatives trade Joe Rennison and Ben McLannahan – FT Banks are reeling after rules finalised by US regulators, aimed at reducing the risk of trading esoteric derivatives, are set to increase trading costs and further hit deteriorating fixed income business. on.ft.com/1LBC9y4 ***** Here is how this is going to hurt the futures business. The collateral rules will reduce the capacity of firms to be able to take on new business in the case of a default of another firm at the clearinghouse. One of the key elements to making clearinghouses…

CNBC Debate Stills NYSE Trading Floor Commentary,John Lothian Newsletter

John Lothian

The best financial news television in years happened yesterday on CNBC when author Michael Lewis, IEX’s Brad Katsuyama and BATS’ Bill O’Brien faced off in a hexabox along with Bob Pisani, Tyler Mathisen and Sue Herera. O’Brien was aggressive and combative in his manner, taking exception to Katsuyama and Lewis saying the U.S. equities markets were “rigged.”  O’Brien ripped apart Lewis’ contention that he had visited BATS on February 5, 2013, asking, “Were you in Kansas City? Because that is where we are located.” Lewis said he had visited the BATS data center in New York.  O’Brien said he did…

Monster Volumes: Jon Najarian Says Weeklys Are Powering Options Volumes Interview,Options,Video

US options volume reached its second highest level in 2013 but can it continue to grow in 2014? Jon Najarian, co-founder of OptionMONSTER, said the key drivers for the options industry are: weekly options, a strong economic recovery and continued demand for more options education. In 2013, US options volumes topped 4 billion contracts traded for the third consecutive year, and were up 3 percent from 2012 volume. And at the Chicago Board Options Exchange, for example, its S&P 500 Weeklys hit a record of 747,616 contracts on January 24, while average daily volume in the contract shot up 98 percent to almost…

The Memory of an Elephant: Asking are we better off than four years ago Commentary,Regulation

John Lothian

It has become a quadrennial tradition for presidential candidates and their campaigns to ask if the voters were better off now versus four years ago. It worked for candidate Ronald Reagan and has become part of the modern political playbook since. Mitt Romney and the Republicans appear ready to pop the question to rebut this week’s Democratic National Convention. I find the timing of this question terrible and timeframe insulting. About four years ago at this time I was readying to go to Japan for FIA Asia. Arriving in Tokyo, I discovered the financial crisis of 2008 had hit a…

Interview with Anthony Neglia of Tower Trading Interview,Metals,Video

Anthony Neglia

Anthony Neglia is president of Tower Trading of New York City, an open outcry floor brokerage firm specializing in options on precious metals at the New York Mercantile Exchange (NYMEX). His commentary regularly appears on CNBC and TheStreet.com. John Lothian News editor-at-large Doug Ashburn spoke with Neglia about volatility in the metals market, position limits, the role of speculators, and the future of the metals space.