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Tag Archives: CTA

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…

Cboe says Vix products not to blame; Credit Suisse liquidates vol fund; The market is not the economy John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Electronic Interest Rate options ADV reached a record 1.43 million in January, including a single-day record on January 18th in which 1.3 million Eurodollar options traded on CME Globex, surpassing the daily pit volume.~JJL SGX FX futures volume hit a new record of $65 billion in January with ADV of $3 billion.~JK In light of all the VIX ETP drama, which was covered in yesterday’s Options newsletter, check out our blog post Vol-cano Erupts – How’s Seth Golden Doing? It was a response to the seeming surprise amongst pundits about how volatility products…

Brand New: Hehmeyer Moves Into Managed Futures & More Blog,Commentary,Feature,Video,video

Sometimes it’s time to diversify. Chris Hehmeyer formed a new firm called Hehmeyer Trading & Investments LLC that will expand into the managed futures and introducing broker space. The renamed company comes from his prior firm, HTG Capital Partners, which acquired Kottke & Associates in late 2016. The new name helps simplify things for Hehmeyer, who has integrated HTG’s proprietary trading operation along with Kottke’s commodity trading advisor and introducing broker business. Hehmeyer, who serves as CEO of the the new entity, sees plenty of opportunity in the CTA business. He said there is an appetite for non-correlated investments and…

25 Years – NIBA’s Schramm and Burke Talk History, Growth and Looking Ahead Interview,Regulation,Video

With the NFA’s creation of Introducing Brokers in 1984, it soon became clear that there was a need for an association for IBs. This newly created group needed a voice and found it with the National Introducing Brokers Association, now celebrating its 25th Anniversary. “The mission is still of education and very much providing a forum for a voice and a way to get our opinions out,” says Melinda Schramm, the NIBA’s founder and chairman. “But the IB community has changed considerably over the years.” While IBs are still all around the country, they’re really value added brokers in today’s…

Germination And Emergence: Allison Yacker on Emerging Manager Seeding Arrangements Interview,Regulation,Video

In the trading space, much like the rest of the world, some of the best ideas and strategies come from emerging managers, or the “new kids on the block.” The trick is finding the right right win-win partnership to help get them on their way. Today, it is the large managed funds that control most of the assets. A recent study from hedge fund research firm Preqin shows that big funds – those with over a billion under management, manage more than 90 percent of the assets. And last year, the hedge fund space had $3.2 trillion assets under management,…

NFA Election – Ernest Jaffarian reply to statements of James Koutoulas and John Roe Blog

From Ernest Jaffarian: I find it necessary to speak to a number of mischaracterizations regarding the service of Doug Bry and myself on the NFA Board. It was Doug Bry who originally suggested to me in 2011 that I pursue election to the NFA Board.  He did so out of a deep concern for the needs of CTAs and their clients in the wake of MF Global.  When the nominating committee chose to nominate the incumbent to a non-contested position on the ballot, he encouraged me to petition to be added to the ballot.  It was then that I encouraged…

Dear Mr. Roe, Thanks for the Reply Blog,Commentary

John Lothian

John Roe has responded to my editorial supporting Ernest Jaffarian and Doug Bry over him and James Koutoulas for the upcoming election. He posted it on the Commodity Customer Coalition website. As promised, I posted it to John Lothian News, excerpting it in a blog post and directing people to the original source. There is nothing in his response that has changed my mind. Roe and James Koutoulas are politically connected at the hip. Many of my criticisms were aimed at Koutoulas, and Roe has seemed to take on guilt by association. That is fine. It is how this election…

A Tale of Two Responses Blog,Commentary

John Lothian

My commentary about the NFA CTA/CPO election on Friday elicited different responses from the candidates I did not endorse; John Roe and James Koutoulas. Roe sent a respectful note, asked for a public clarification of some points and the opportunity to respond in this newsletter. Koutoulas took a different tack and decided to threaten me with a lawsuit for libel if I did not retract my commentary. John Roe is a classy guy and it showed in his response to me. He noted that he successfully petitioned to get on the ballot, he was not a “write-in” candidate, and asked…

JLN Managed Futures: Risk Parity, CTA Flows ‘Pose Risk for Fundamental Investors,’ JPMorgan Says; CTA/managed funds lose out to global macro allocations; ‘Alternative’ Mutual Funds Providing Limited Protection Managed Futures,Newsletter

Observations/Commentary CTA Expo Update Doug Ashburn – John Lothian News CTA Expo returns to Chicago on September 17, 2015, at the UBS Center at 1 N. Wacker Dr. On the afternoon of the 16th, there is a half-day program for registered traders,”The Rules of the Game – Business Guidelines for Emerging Managers.” I will be co-hosting the 3 pm session along with BarclayHedge president Sol Waksman on the effective use of media and databases in an emerging manager’s marketing plan. CTA sells out every year, so sign up today. Historically, registered capital sources make up a little less than half…