Breaking News

Tag Archives: Donald Trump

Wall Street wants more female traders; EU emerging as new markets sheriff John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff A number of CME disciplinary notices hit the wire yesterday, most pertaining to violations of Rule 575.A. (Disruptive Practices Prohibited). One individual, another individual and a brokerage were penalized for spoofing-related activity (entering and canceling orders to get a fill on the other side or to determine depth of book). Another notice was for misreporting block trades. Lastly, there was a fine assessed to JPMorgan for a nat gas position limit violation. ~SD Eurex held a technology and regulatory update in Chicago yesterday. The room was full during the trading engine updates, less…

Donald Trump has shaken my faith that markets will remain free John Lothian Newsletter,Newsletter

financial-markets

First Read Hits & Takes JLN Staff The Eurex US lawsuit against the CBOT/CME Group is still an open question, according to sources at IDX. I thought it was a done deal and the CME won, but that may have been a little premature as we await a final written ruling.~JJL Among the many interesting pitches from the innovators’ session at IDX was Ascent Technologies’ CEO Brian Clark, who said its reg tech platform was able to update a new ruleset change by the FCA in 2.5 minutes, a process the regulator said takes them 18 hours.~JK Brian Lynch, CEO…

Tax Law Change Means All Cash Grain Traders Are Not Equal, Better Bids or No Blog,Commentary,Mwiki,Politics,Regulation & Enforcement

Grain market players who are not part of farmer-owned cooperatives are alarmed over the potential impact on grain market origination of the recent changes to the U.S. tax code. In what appears to be an unintended consequence of bad tax bill writing, cooperatives have been favored over other market players in the form of a tax benefit to farmers for selling their grain to cooperatives rather than to private grain companies. This change in the way physical grain moves through the system could make it more expensive for consumers, as cooperatives exercise what appears to be newly granted monopoly powers…

Regulator halts European equity trading shake-up; ‘Fiduciary Rule’ Poised for Second Life; Emerging Managers Outperform Established Funds John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff LinkedIn is reporting the 15-year anniversary of John Lothian being at John J. Lothian & Company, Inc. Time flies when you publish a newsletter.~JJL CME Economist Erik Norland is back with more super weird spaghetti graphs, this time contained in his new piece The Yield Curve – Unemployment Feedback Loop.~SD The Security Traders Association of Chicago Mid-Winter Meeting begins today and I will again point out that the marketing material was themed “mid-winter is coming.” While rain is in the forecast, travelers to the City of Windbags should be grateful that it feels…

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…

IBM Launches Watson for Financial Regulation; Trump’s Wall Street game plan needs players; Dutch Speed-Trader Turns to Currencies After Conquering ETFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Congratulations to our friends in London for raising £30,000 for the inaugural David Setters cricket tournament on behalf of research into MND. Well done! Welcome back to work for Terry Duffy. We hope you are fully recovered and in good health as you return to work. Longtime market writer Darrell Jobman reached out to me asking for help finding a home for a lifetime collection of market related magazine editions and trading related books. He is downsizing into a condo and wants to find a good home for these prized items….

Trump to nominate ex-NYSE Euronext VP Dawn DeBerry Stump to CFTC; The Riddle of the Wall Street Brain Drain; Derivatives Industry Sends Warning to EU on Brexit Clearing Move John Lothian Newsletter,Newsletter

CFTC

First Read Bits & Pieces By John J. Lothian This week will see the JLN team back together, though Sarah Rudolph is taking a couple of days off. Jim Kharouf and Mike Forrester returned safely from London after attending IDX. During the week and at the conference, the JLN team shot 24 video interviews covering exchanges, technology and regulation. Those interviews will be rolled out starting this week. I am back from the woods and caves of Kentucky where we had a perfect week of weather while exploring Mammoth Cave and surrounding attractions. I am proud to report my daughter…

How Can We Extend the Success of the VIX to the Whole Equity Options Market?; Investors Aren’t As In Love With Stocks As You Might Think; OPEC set to prolong oil output cuts by nine months Newsletter,Options

Lead Stories How Can We Extend the Success of the VIX to the Whole Equity Options Market? Timothy Klassen, Volar Technologies LLC – TabbForum The introduction of the new VIX in late 2003 led to the eventual explosion of trading volumes in VIX futures and options. Volumes in the rest of the listed equity options market have been stagnant for years. More generally, the options market is not transparent, since there is no standard for quoting options in volatility terms. We argue that standards for dividend modeling, borrows, and volatility fitting are at hand, and can be a huge benefit…

UBS, BNP, RBS Get Subpoenas in U.S. Treasuries Probe; Brussels set for power grab on London’s euro-clearing market; Tradeweb Launches All-to-All Corporate Bond Trading John Lothian Newsletter,Newsletter

First Read You Look Mahvelous Dahling: “Mad Men” Ready to Walk the Exchange Red Carpet with Nasdaq Spencer Doar – JLN Fintech and regtech are firmly entrenched in the financial industry’s lexicon — if a new exchange has its way, “adtech” will be the next addition. The New York Interactive Advertising Exchange (NYIAX) plans to offer a guaranteed contract for digital advertising space on Nasdaq’s latest blockchain-enabled technology platform in Q4. “The advertising world is … becoming more sophisticated with how it buys and sells inventory and there are a lot of challenges around trust and transparency — knowing the…