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Tag Archives: Deutsche Bank

JLN Profile: Ralf Roth – Market Structure Matters Feature,Mwiki,Video,video

Ralf Roth got his start in 1994 at Deutsche Bank as a junior fixed income analyst. Starting at the bottom and working his way up, Roth occupied various roles in equities and prime broking before eventually becoming the global head of equity product development. He then left to be the global head of Elektron for Thomson Reuters, followed by a stint at IHS Markit as chief technology officer for equities. He is currently CEO of Quantitative Brokers. In this John Lothian News Profile video, Roth touches on the transition to electronic trading in the late ’90s and how important micro…

May Volumes; Fixing the VIX; 50 Cent; OIC Options Studies Newsletter,Options

Observations & Insight US Options Volumes Remain on Record Pace Despite Slowing Momentum TABB Forum US options volumes slipped again in May 2018, losing some of the momentum established during a torrid first quarter, but volumes still remain on pace to hit record levels for the year. May 2018 volumes fell to 366 million contracts, from April’s 398 million contracts. However, year-to-date US options volumes represent a healthy 25.2% gain over 2017. bit.ly/2KaE7K7 ****SD: The only exchange with a decrease in volume YoY is Nasdaq BX, but that drop was a mere 2 million contracts, which is more than made…

Broker sued over ‘demo’ trading platform mix-up; Deutsche Bank risk questions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Rumi Morales will be announcing the launch of a major investment platform in the US on Wednesday, June 27.~JJL The 2018 Managed Futures Pinnacle Awards were last night in Chicago. Colin Jost from Saturday Night Live was the entertainment this year. He started by introducing well known “Irish Catholic” Sol Waksman. He later gave the CME Group a raunchy salute, probably for the political censorship by which he was confined, by sharing that he is a numbers guy. Enough said.~JJL For those concerned that ETFs with illiquid components will be the cause of…

Investors in Their Pajamas on Other Side of the Trade in China John Lothian Newsletter,Newsletter

pajamas

First Read Can tZero and BOX Digital Markets change the face of capital markets? Jim Kharouf – John Lothian News It would not be an understatement to say that Patrick Byrne thinks big – really big – like a quadrillion dollar market. The Overstock founder and CEO has been building the firm’s tZero subsidiary, a distributed ledger platform, since 2016 in an attempt to disrupt today’s capital market structure. Last week’s announced deal with BOX Digital Markets, a sister company to BOX Options Exchange, to create a Securities and Exchange Commission regulated market that lists and trades security tokens may…

Banks can expect a streamlined Volcker rule; Turkish lira plunge; Deutsche Bank error John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff In every edition of JLN, there are instructions at the bottom of the newsletter on how to update your settings or unsubscribe. You are always welcome to hit reply on your email client and send us feedback.~JJL The fifth video in the Options Industry Leader Series, sponsored by OCC and OIC, is now posted. You can watch MIAX’s Shelly Brown below. MIAX is the next exchange to host the Options Industry Conference. In case you missed the series, the other four videos are with Nasdaq’s Kevin Kennedy, BOX’s Ed Boyle (we spoke before…

Goldman Sachs desk’s huge Feb profit; Eurodollar options bet pays big Newsletter,Options

Observations & Insight Trump cancels Kim summit amid North Korea ‘hostility’ BBC US President Donald Trump has cancelled a planned summit with North Korean leader Kim Jong-un. /goo.gl/MKxJQS ****SD: Bu-bu-but the White House already released the commemorative coin!?! ++++++ Options Exchange Landscape and Misc. Notes It’s time for another fun slide from Trade Alert President Henry Schwartz’s “State of the Industry” presentation at the Options Industry Conference. This slide lays out the pricing structure of the soon-to-be 16 options exchanges and those structures’ respective marketshare. MIAX’s Shelly Brown discusses that 16th options exchange, Emerald, in an Options Exchange Leader Series…

Swaps Rules Due for Overhaul – CFTC; Ex-UBS Trader Beats Spoofing Charge John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Andreas Preuss and Jeffrey Tessler have been replaced on the Deutsche Boerse AG Executive Board. Thomas Book, Christoph Bohm and Stephan Leithner have been appointed to the board.~JJL Yesterday’s Fintech Exchange, hosted by Barchart, kicked off with with the Startup Exchange Competition – 16 start-ups introducing their innovative companies. PanXchange won the competition, for its technology and approach to raw commodities. The company listed frac sand in October 2017. Second went to Coinifide, a start-up that is building a trading education and trading platform for cryptocurrency markets. Third place went to Freight Exchange,…

UK regulators to fine Barclays chief; Deutsche Bank’s flub; Wells Fargo $1b fine John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The story of my being awarded the Silver Beaver Award by the Boy Scouts was reported in the Elmhurst Patch, posted by my friend and fellow scouter John Fabry.~JJL The Magnetar Youth Investment Academy held The Night Out for Financial Literacy fundraiser last evening in Chicago. The academy has served more than 14,000 students at 70 schools in the Chicago area. Chance The Rapper spoke with Magnetar Capital’s founder and CEO Alec Litowitz. When asked what he would have invested in when he was 17 years old, Chance replied that he didn’t have…

Deutsche Bank ousts John Cryan and names Christian Sewing as chief John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff JLN Contributing Global Markets Editor Jim Kharouf will be in Washington, DC representing us at the IFM “Smart Financial Regulation Roundtable: Implications of Cryptocurrencies” event on April 11. Later in the week, Kharouf and other members of the JLN team will be at the “IOMA – The WFE’s Clearing & Derivatives Conference” in Chicago.~JJL The CME Group’s market cap on Friday was $53.8 billion. NEX Group’s was $3.7 billion. ICE came in at $41 billion.~JK Don’t forget you have a week (well, eight days) to get in your taxes, which are due April…