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Tag Archives: cryptocurrencies

Blockchain to massively change commodities; Cboe’s Tilly predicts more consolidation; Chinese oil futures? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We are rolling out the first of the videos from the MarketsWiki Education recruiting event held the Monday of EXPO week in Chicago. The first video features Cboe’s Ed Tilly.~JJL Recall the “broker fee wars” earlier in the year? Fidelity, TD, Schwab and a whole bunch of others started slashing commissions and fees, bringing much of the $7 per equity trade shops down to $5 a trade and some of the discount brokers even lower. Then there’s tastyworks’ $1 to open/free to close options trading setup. Well, unicorn-valued trading app Robinhood just…

BTC Futures Coming From Team That Rebounded From Epic Snafu; Big banks not willing to support BTC futures John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The @JohnLothian Twitter account received 65,120 original impressions yesterday, which is a record for the last 28 days. My LinkedIn profile searches are up 48% for the week.~JJL Yesterday I attended an event hosted at the Art Institute of Chicago by RBC Global Asset Management about responsible investments. The speaker and panel discussed ESG investing, which I did not know about. ESG stands for Environment, Societal and Governance. Later in the day I was able to apply what I learned during a meeting of the endowment committee of my church, of which…

CFTC Opens Way to Bitcoin Futures; More Bitcoin; Brexit May Leave Banks on the Hook for Impossible Contracts John Lothian Newsletter,Newsletter

First Read Putting on My Broker Hat About Bitcoin By John J. Lothian, JLN Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks ago, a former employer I have not seen in 10 years called me out in Coindesk.com for my bitcoin qualms. At the dinner table my son Robby opened up about owning not just bitcoin, but bitcoin cash, ether and monero. This is a full-fledged mania….

Bitcoin’s Trading Star is DRW’s Cumberland Mining; Itiviti and ULLINK announce tie-up; BoE chief on LSE row John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff DRW’s cryptocurrency division is called Cumberland Mining & Materials LLC., named after the Grateful Dead song “Cumberland Blues,” about a hardworking miner, according to today’s Wall Street Journal story. ~JK Fun fact: In the first three quarters of 2017, $2.774 trillion of MSCI Index-based futures and options traded globally. That’s nearly 50 percent more than the first three quarters of 2016.~SD Care to express your views on cryptocurrencies without trading them? Apparently, you can buy ugly crypto holiday sweaters now (and yes, the checkout supports cryptocurrencies). Visual Capitalist has a cool infographic…

Index Providers Rule the World; Unknown traders gain influence in commodities; Beijing is Making Its Most Serious Effort Yet to Tackle Its Financial-System Issues John Lothian Newsletter,Newsletter

First Read Hits & Takes The Canadian Annual Derivatives Conference is November 27-29 in Quebec City. Blythe Masters will be a keynote speaker.~JJL Seismic Foundry website is now live.~JJL OPEC’s next meeting is this Thursday. Bantix Technologies, the provider of the Quikstrike options analytics suite, has a blog laying out everything you need to know about the upcoming meeting.~SD Ever wonder when charts became such a standard part of news presentation? Priceonomics has a blog covering the origins of charts and graphs. Scottish political economist William Playfair is credited with creating the modern statistical chart in the late 1700s.~SD Nasdaq…

US Treasury dealers accused of collusion; Bitcoin futures face safeguards; EEX acquires 100% of Powernext John Lothian Newsletter,Newsletter

First Read FANG+ Puts the UMPH Back into the Markets and Exchange Competition By John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

Spot Trading cuts headcount; Wall Street Fines Fall in Trump’s First Year; J.P. Morgan’s Mobile Payments Struggle John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Exchange Analytics has released a new Market Conduct Training Course.~JJL The World Gold Council reports that gold-backed ETF holdings increased by 3.3 in October to 2,347.6 tonnes. Europe led inflows, as investors added 11.2t of gold through funds; North America had outflows of 8t, reversing some September gains; funds in Asia gained 0.8t, but ETFs in other regions lost -0.7t in October. This is amid a year-on-year 9% drop in general demand for gold to 915 tonnes.~SR The CME’s Blu Putnam and Erik Norland have another piece out comparing the characteristics of…

The Industry Discusses Cryptocurrencies and DLT, Part II Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This sixth video in the series is the second to cover the booming cryptocurrency space and its technological underpinnings. In part two, Gary DeWaal, special counsel with Katten Muchin Rosenman, John Omahen, FIS’ head of product strategy, Anthony Tassone, founder of GreenKey Technologies and Carl Gilmore, president of Integritas Financial Consulting share their thoughts on the crypto space.  

Could the ‘Intellicator’ Spill the Market’s Secrets?; 2 Chinese investors drop out of bid for Chicago Stock Exchange John Lothian Newsletter,Newsletter

First Read Hits & Takes This evening is the LaSalle Street Trading Tech Awards at the Chicago Board of Trade Building supporting the Pathway to Adventure Council of the Boy Scouts of America. John Hague of RSM and I are the co-chairs of the event. I would like to thank John for his leadership and also the management of the CBOT Building, Glenstar Properties, for helping make this event happen. This event is the reincarnation of the LaSalle Street Dinner Dance where the who’s who of the Chicago financial community would party under a circus tent in front of the…