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Tag Archives: cryptocurrency

Clayton and Giancarlo on Crypto; Aramco IPO Implications; May’s Brexit talk John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The Chairman of the Commodity Futures Trading Commission (CFTC), J.Christopher Giancarlo, will be a keynote speaker at Boca 2018! You looking for something to trade? CME is holding a course: Introduction to TOPIX on the Tokyo Stock Price Index (TOPIX) and Yen-denominated TOPIX Futures, which are set to launch on February 5 at CME Group. Gain a basic understanding of how to incorporate TOPIX futures into a trading strategy and how the contracts compare to Nikkei 225 Index futures.~JK JLN will be issuing a Special Report this morning on some embargoed news. Stay…

No-Deal Brexit Could Cause Finance Chaos; ADM makes takeover approach to Bunge; Louis Dreyfus turns to blockchain John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff In case you missed it, the government shut down. The Senate has a noontime vote scheduled to reopen with three more weeks of funding. If you’re curious which states get hit the hardest by a federal shutdown, checkout the 2018 Government Shutdown Report. ~SD The CFTC’s Technology Advisory Committee Meeting set for Tuesday has been postponed due to the government shutdown. No new date has been determined. This shutdown my plans to attend the meeting in Washington, DC.~JJL Yes, some deals still use fax machines. The FT story today said the use of…

Hudson River to acquire Sun Trading as HFT continues to contract; What Could Kill the Bitcoin Boom; BitConnect Closes Exchange as States Warn of Unregulated Sales John Lothian Newsletter,Newsletter

First Read You Can’t Rain On Our Parade: Cboe’s Big 2017 Includes Bitcoin Futures. Can It Overcome Regulatory, Margin and Volatility Headwinds? Jim Kharouf – John Lothian News To hear Cboe Global Markets Chairman and CEO Ed Tilly tell it, his exchange group is firing on all cylinders and adding new ones to the engine. The exchange boasts the top US equity options market and has a lock on volatility products with the VIX futures and options and related exchange traded products. Cboe now has the top pan-European equity market and the second ranked US stock market, as well as…

Cryptocurrency Prices Crumble; Traders Pay Through the Nose to Bet the S&P 500 Will Snap Higher; Dow Industrials Cross 26000 for First Time as Earnings Season Ramps Up Newsletter,Options

Lead Stories Cryptocurrency Prices Crumble; Bitcoin, Ethereum Post Large Losses Nasdaq Cryptocurrency Market under Heavy Selling Pressure “Only when the tide goes out do you discover who has been swimming naked,” stock market guru Warren Buffett once observed and it looks like the cryptocurrency tide has definitely receded in the last 24 hours with the market showing double digit percentage losses right across the board. The sell-off started in Asia and accelerated when European traders entered the fray, as talk continued to circulate that South Korea was preparing a cryptocurrency ban. Bitcoin and Ethereum prices fell sharply last week after…

Filings reveal DRW’s climb into top rank of trading firms; BlackRock’s Message: Contribute to Society, or Risk Losing Our Support; Euromoney’s RISI unit raided by EU antitrust authorities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The CBOE is holding its press lunch today in Chicago. It is the Chicago financial press’s opportunity to ask tough questions to the CBOE management team. My money’s on the first question being about bitcoin.~JJL A few names mentioned in Bloomberg’s Bitcoin Frenzy Helps Crypto Hedge Funds Reap 1,100% Gains include: Lee Robinson, who co-founded the Altana Digital Currency Fund along with Alistair Milne; Cedric Jeanson of BitSpread Group; Manuel Anguita of Silver 8 Partners; and Daniel Masters, co-founder of Global Advisors Bitcoin Investment Fund. As always, can they keep it going?~JK Hong…

Kraken Bitcoin Exchange Reopens After Two Anxious Days; Scores injured as Indonesia stock exchange building lobby floor collapses; One corner of the stock market sees even crazier trading than bitcoin John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Welcome to Martin Luther King, Jr. Day in the United States, a holiday honoring the life of the slain civil rights leader, minister and peace-maker. ~JJL The most recent article found on a Google search for black executives on Wall Street was a Bloomberg story from July 27, 2017 that said the percentage of senior black executives and managers fell over the past five years. Black executives at JPMorgan Chase, Citigroup and Goldman Sachs accounted for no more than 2.6 percent of top positions at the three banks. ~JK From Business Insider’s piece…

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

Quant funds set to pass $1tn mark; Hong Kong Exchange Eyes New Trading Rules; Spread-betting rise threatened by EU rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Brazil’s exchange, B3 (formerly BM&FBovespa) announced its main stock market performance index – Ibovespa – hit a record high Friday, ending the day at 79.071 points, up 0.54 percent from the previous Ibovespa record of 78.647 points last Thursday.~JK SGX reported its derivatives volume was 178.4 million, up 18 percent in 2017 from the previous year, with its FTSE China A50 Index futures the most active contract with 64 million contracts, up 13 percent. Here is the full report.~JK With Mark Mobius retired from Franklin Templeton, who in emerging markets will pick up…

Bitcoin-Futures Regulator Defends Oversight as Critics See Risks; DBOT ATS LLC Inc Announces the Official Launch of Blockchain-Powered Crowd Funding and Secondary Market John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The newest edition of CME’s Off the Chart’s Podcast covers Bitcoin: Supply Growth, Mining Difficulty and Prospects in 2018. In a nutshell, it’s getting harder to mine bitcoin as it reaches its cap, which means supply will grow by less than 5 percent. ~SD Yesterday’s JLN Options covered rising popularity of risk premia strategies, SKEW vs. VIX, bitcoin options potential, the Intel chip flaws and more. ~SD VIX traded in the 8 handle yesterday. When’s the last time that happened? Oh, yeah, Thanksgiving. ~SD The weather phenomenon hitting the east coast right…