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Deutsche Boerse says about 20 banks join its clearing programme; Goldman Sachs has struck a deal with Bloomberg to help its stock trading business; CME says bitcoin futures coming this year, but date not set John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff My former employer from my First American Discount days back in the 1980s, William Mallers, Jr., opined on a recent email exchange he had with me about bitcoin on the Coindesk website. Bill has traded bitcoin since 2013 and is a big supporter of the crypto-currency. ~JJL NFA was named among the Dave Thomas Foundation for Adoption’s Top 100 Adoption-Friendly Workplaces in 2017. ~JJL The market cap of all companies listed on HKEX’s #HK markets hit $33.5 trillion today, setting a new all-time record. ~JJL HKEX is sponsoring “Realising the China Opportunity”…

New Deutsche Boerse chief; Bank bond-rigging case; Americans don’t know why they buy Bitcoin John Lothian Newsletter,Newsletter

First Read WILD Women Make Sound Investment Decisions; Women will have $22 trillion of investing wealth by 2020 By Sarah Rudolph – JLN Managing Editor Now that women actually have their own money, they – like men – need to know how to make it grow with savings and investments. Women are projected to have $22 trillion of the investing wealth by the year 2020 – they had better know what to do with it. Women in Listed Derivatives (WILD), which has become well known for its efforts in the advancement of women in the financial industry, brought together another…

Deutsche Boerse CEO to step down amid insider trading probe; ICE to sell commodities trading platform Trayport for £550m John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff ALTSO had more than 1400 people last night, and raised over $620,000 at its annual Rocktoberfest in NY. The Chicago event raised almost $145,000 with about 500 attendees. Way to go ALTSO! ~JK Bright Pink sat down with Kristin Wood, senior director, internal communications and community relations at CME Group, to learn more about this best-in-class corporate partnership. CME Group is on track to make a gift of $160,000 to Bright Pink in 2017 through the annual Pink for a Purpose campaign. ~JJL To anybody who avidly follows the John Lothian Twitter…

Volatility Is World’s Undervalued Asset; Acting Like Risk Doesn’t Exist Newsletter,Options

Lead Stories Volatility May Be the World’s Only Undervalued Asset Class Doug Kass – RealClearMarkets I have argued that risk is underpriced because in large measure of the structural changes in the markets and participants positioning. Risk is an ever-present condition that cannot be eliminated, though it can be shifted through time and redistributed in form. bit.ly/2yNJED8 Sometimes You Beat the Bear. Lately, the Bear Beats You. Stephen Gandel – Bloomberg Investors have spent at least $2.6 billion this year on funds that are supposed to protect their portfolios in a market crash. Instead, those funds, rather than insuring their…

Top investors want Deutsche Börse chief to resign; ICE ramps up move on corporate bond market John Lothian Newsletter,Newsletter

First Read Hits & Takes It was a big day for ICE yesterday as they announced two acquisitions, BondPoint from Virtu and a stake in Euroclear from RBS. Here is a commentary written August 17 by Jim Greco of TradingPlaces about Virtu and the possibilities for BondPoint.~JJL Slides are available for download by STAC members on the STAC website. This is the Securities Technology Analysis Center, not Securities Traders Association of Chicago.~JJL Myron Scholes, Ph.D. will be speaking at the CFA Society of Chicago on November 17 at the Palmer House on “The Evolution of Asset Management: Risk Management.”~JJL LSE’s…

Push for MiFID II Delay; Libor settlement; Bond volatility Newsletter,Options

Observations & Insight The Kooky News for Friday the 13th Spencer Doar – JLN Befitting the day, there are indeed some weird happenings in our markets. First, recall the release in Observations yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses…

TradingScreen rejects claims by shareholder group; Citigroup, Deutsche, HSBC Agree to Settlement John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Care to guess what the best performing financial asset of 2017 has been? According to Macquarie as cited in this Financial Times story, it’s the metal cobalt. Cobalt is up some 80 percent this year on the back of increased demand for electric vehicles.~SD Crain’s put out a list showing which companies won the most patents in Chicago in 2016. Trading Technologies is on there with nine. Tops by a longshot is Boeing with 1,045 (second and third go to Honeywell and Caterpillar, respectively). It’s all part of the Crain’s “Chicago’s Most…

Deutsche Boerse Plans Revenue-Share Deal to Lure Brexit Clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes EEX staff rode 2,505 km on their bikes at the https://goo.gl/JLiSj6 competition in Leipzig, saving 356 kg in CO2.~JK ICE has a message for you if you are a user of AOL Instant Messenger, which is be decommissioned on December 15.~JJL Kevin Gaskell writing on the London School of Economics and Political Science LSE Business Review has a good piece on leadership, “Leadership: The measurable impact of inspiring a sense of purpose.”~JJL It took almost seven years, but the job growth streak came to an end Friday (though it’s attributable to hurricanes).~SD FIA now provides…

Commodities markets swell in size despite price slide; The Government Needs More Cyber Talent John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff JLN sat down with Walt Lukken, President and CEO of the FIA, to discuss this year’s EXPO event in Chicago. Innovation is the theme this year at EXPO and Lukken is looking for the next generation of ideas. Watch the video HERE. ~JJL Do you have some news you are making during FIA’s EXPO? Reach out to the JLN team and set up an interview. We will again be shooting video in the Cinnober booth at the event. ~JJL Have you told a college student about our MarketsWiki Education recruiting event? Point…