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Tag Archives: Deutsche Borse

Clearinghouses Push Back Against Worries Over Their Size; Two Sigma rapidly rises to top of quant hedge fund world John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Bad news for Deutsche Boerse as the judge in the insider trading case against Carsten Kengeter declined to approve a settlement that was submitted by prosecutors. As reported by the FT, the case is crippling Deutsche Boerse at this time. It’s pretty hard to execute a strategy if you don’t know whether the CEO will remain. Nonetheless, Eurex has been posting some strong numbers in its interest rates complex this year. Brexit could open up more clearing opportunities for the exchange. Potential moves in other regions, say Asia, could open up some…

Deutsche Borse agrees to pay EUR10.5m over CEO insider trading probe John Lothian Newsletter,Newsletter

First Read Hits & Takes Students who want to learn about the financial services field are invited to join us at our October 16th MarketsWiki Education Intern Recruiting Event Chicago, where financial services professionals will deliver informative presentations about careers, trends and opportunities in our global markets. This event also includes a new job fair for student internships in 2018. ~JB Overall precious metals volumes at CME Group are up 49 percent through August over last year.~JK BlockexMarketsMarkets, a “digital asset creation, issuance and trading platform,” is open for trading.~JK ++++ Intercontinental Exchange Announces Volume Record in MSCI Index Futures…

Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb; Prosecutor offers to drop Deutsche Börse CEO insider trading probe; Singapore traders regain appetite for lunch John Lothian Newsletter,Newsletter

First Read Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3 PM. We still have room for last minute additions as well. Our speakers include Richard Sandor, Bryan Durkin, Terry Savage, Joe Guinan, Amy Shelly and Jennifer Wilson at the first session. At session two we have Mehmet Yanilmaz, Julie Armstrong Menacho, Keith Petersen, Patrick Kenny, David Kelbaugh and Jay Feuerstein We…

The Quants Run Wall Street Now; Deutsche Boerse CEO seeks end to insider trading probe; Toyota, Merck Join Ethereum Group to Build Blockchain Network John Lothian Newsletter,Newsletter

First Read It’s all in the follow through Jim Kharouf, JLN This week, we are continuing our rollout of video interviews from the Options Industry Conference. Today we feature Gina McFadden, the first woman to receive the esteemed Joseph W. Sullivan Options Industry Achievement Award for her decades of education work at the Options Industry Council. We’ve also posted engaging interviews with industry leaders, Steve Crutchfield, head of market structure with CTC in Liquidity Providers Unduly Penalized By Capital Rules: CTC’s Crutchfield and got a state of the options industry review from Henry Schwartz, president of Trade Alert, The Yin…

Hedge Funds Facing U.S. Criminal Probe Over Bond Valuations; Deutsche Börse expands its offer for start-ups; The Volcker Rule: How Trump’s New Regulator May Unleash Big Banks John Lothian Newsletter,Newsletter

First Read Options Industry Conference Update: Congress Continues To Push For Avoiding Unintended Consequences in Tax and Dodd-Frank reforms By Jim Kharouf and Jeff Bergstrom, JLN The 35th Annual Options Industry Conference kicked off on Wednesday with a major focus on Washington, especially on a host of new proposals on tax and Dodd-Frank reforms. The conference, hosted by Intercontinental Exchange’s NYSE in Scottsdale, Arizona, led with an interview with Congressman Tom Reed (R-NY 23rd District) who outlined initiatives to address tax reform in 2017. Reed told OCC’s Executive Chairman and CEO Craig Donohue that the tax reform may have enough…

‘Inverted’ Model Said to Be Considered for NYSE’s Newest Exchange; LSE-Deutsche Börse merger crumbles as tensions boil over; Tokyo Stock Exchange aims to use AI to detect unfair trading John Lothian Newsletter,Newsletter

First Read A New CBOE By Jim Kharouf, JLN Editor-in-Chief While the London Stock Exchange-Deutsche Boerse deal looks to be failing, an acquisition in Chicago is done. CBOE Holdings and Bats Global Markets are due to close their deal today, bringing together two exchanges that have been pioneers in their own ways. CBOE, the first equity options exchange, will now take on the 12-year old upstart from Kansas City. John Lothian once wrote that “Bats has changed the game.” It certainly has, with cutting edge technology and a grit that quickly made it one of the second largest US equity…

LSE-Deutsche Börse deal in jeopardy over antitrust hurdle; The Multi-Trillion Dollar Brexit Fight; Buffett Says $100 Billion Wasted Trying to Beat the Market John Lothian Newsletter,Newsletter

First Read An O-fer Jim Kharouf In sports, when you have a rough time and do not get any hits in baseball or shots to fall in basketball, they call that an “o-fer.” In Deutsche Boerse’s case, it looks like they are 0 for 3 in attempts to land the big deal with the London Stock Exchange Group. It’s not the end of the world for either company if this deal is not approved by the European Union. LSE still has a solid foundation of exchanges, clearing, technology and index businesses. Deutsche Boerse also has its strong stable of exchanges,…

Low VIX Masks Insurance Markup Options Traders Are Paying; 42% Rise for the SMLC Sentiment-Based Index That Analyzes Twitter Traffic; Finding Volatility in the US Markets Newsletter,Options

Lead Stories Low VIX Masks Insurance Markup Options Traders Are Paying Cecile Vennucci – Bloomberg Here’s another sign that beneath the surface of placid stock markets, investors aren’t exactly sound asleep. It’s the persistently high premium traders are paying for equity options, visible in the difference between implied and realized volatility in the S&P 500 Index. The gap, definable as the intangible cost of stock insurance over and above what is accounted for by the market’s swings, has now lingered for 51 trading days. jlne.ws/2lr71d6 ****SD: Volatility = rough play right now. Semi-related retail investor story below about the use…

LME CEO Jones Exits After 3 Years of Leading Metals Bourse; Deutsche Borse presents a block-chip concept for the risk-free transfer of funds; Nasdaq backs trading illiquid stocks only on listing exchange John Lothian Newsletter,Newsletter

First Read More Turnover At The Top: Garry Jones Out At LME Jim Kharouf, JLN Garry Jones is out as CEO of the London Metal Exchange, perhaps marking a new path for the metals bourse. From a personal perspective, Jones is among the CEO set with deep knowledge of the derivatives and exchange space, with stints at NYSE LIFFE/NYSE Euronext, ICAP and BrokerTec. His insight into the derivatives space was usually thoughtful and on target. He inherited an exchange that was due for major changes and he implemented them. Switching the LME from its prior member-owned culture to one that…