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HKEx’s chief defends LME deal; Exchange CEO search; Susquehanna entering sports betting John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Happy Halloween! Our second compilation video from FIA Expo is out and can be seen below. It is the companion piece to yesterday’s MiFID II video. ~SD DePaul is holding their fourth annual Cyber-Risk Conference on 11/28 at the Chicago Loop campus from 8:30 AM to 4 PM.~JJL Former CBOT and MidAm member Darren S. Bohm passed away. I knew him from my days of trading on the MidAmerica Commodity Exchange. He most recently was with Tradelink, according to his LinkedIn page.~JJL Want to hear something scary? Physical gold investors in Canada…

Trump Healthcare Fail Is Making Wall Street’s ‘Fear Index’ Soar; ‘Trump disappointment trade is now in full swing’; Dow Poised for Longest Losing Streak Since 2011 Newsletter,Options

Observations & Insight JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint JohnLothianNews.com CBOE Holdings arguably had its biggest year in history in 2016 with the purchase of Bats Global Markets for $3.2 billion. The deal expanded CBOE’s footprint in the securities space in the US and in Europe, plus forex as well. It also provided a new technology platform to keep CBOE competitive. Read the rest and watch the video » ++++ CloudMargin gains traction: Remote processing and storage is here to stay in financial services Spencer Doar – JLN There is no…

NYSE, Former IEX Foe, Plans a Copycat Speed Bump of Its Own; MarketAxess breaks annual trading volume record; BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan John Lothian Newsletter,Newsletter

First Read NYSE Outlines 2017 Equity Market Strategy: Intercontinental Exchange NYSE Group, part of Intercontinental Exchange, today detailed its equity markets strategy, which aims to deliver greater choice for corporate and ETF issuers and to investors by offering four unique exchange venues, including an exchange designed exclusively for small and mid-cap companies. /goo.gl/vBsDdR **** Some nice chess moves and some rebranding emphasizes the “American” aspect of NYSE’s markets. ++++ Veronica Augustsson nominated as CEO of the Year within Employer Branding Cinnober For her efforts to increase awareness of Cinnober as an employer, as well as for her commitment to various…

Threats to US ag trade with China, Mexico ‘far bigger deal’ than TPP’s loss; No Coat, No Tie Leads to Rough Start for Accused Insider Trader; VIX – nowhere to go but up? Newsletter,Options

Lead Stories Threats to US ag trade with China, Mexico ‘far bigger deal’ than TPP’s loss Agrimoney.com Threats to US trade with China or Mexico, which have been raised by Donald Trump’s US presidency, look far more serious than the loss of the TPP deal, a senior CME Group executive said, foreseeing a jump in ag price volatility. Erik Norland, executive director and senior economist of CME Group, downplayed President Trump’s decision on Monday to withdraw the US from the TPP, the Trans-Pacific Partnership free trade deal, saying that “I do not think it really changes very much”. /goo.gl/yIXdau ****SD:…

NYSE MKT stock exchange to end floor trading -regulatory filing; Rising Currency Volatility Keeps Stock-Watchers on Edge; Here’s how much ETFs are dominating on the trading floor Newsletter,Options

Observations & Insight The tasty nation adds an entree, tastyworks: Tom Sosnoff and the tastytrade crew are “going to murder passive investing” Spencer Doar – JLN Editor’s note: This story contains language that some readers might find offensive. Also, the subject matter contains a plethora of non-capitalized proper nouns, which are the actual names of the firms. The team behind retail brokerage thinkorswim, and more recently the financial news network tastytrade, is once again hoping to take the retail broking industry by storm with the opening of their new brokerage, tastyworks. Launched on January 3, the low-commission offering is the…

JLN Options: Fed Would Like You to Stop Overreacting, Please: Volatility Fund Slumps Newsletter,Options

Commentary & Insight Compliance Advice on SEC’s Market Access Rule from Julie Dixon of Titan RegulationMarketsWiki.tv SEC Rule 15c3-5 (“Market Access Rule”), finalized in November 2010, is the commission’s response to the May 6, 2010 “flash crash” in which the U.S. equity market plunged nearly ten percent in a matter of minutes, then quickly rebounded. Compliance with the rule, which places risk management controls on any broker-dealer that offers direct trading access, has been required since November 2011, yet firms still have lingering questions about the adequacy of their self-policing programs. Julie Dixon, managing principal at Titan Regulation, discusses the…

JLN Options: CBOE expects to be fined by SEC for regulatory shortcomings Newsletter,Options

Lead Stories CBOE expects to be fined by SEC for regulatory shortcomingsAnn Saphir, ReutersCBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization.http://jlne.ws/11TeLUj Option Player’s ‘Iron Condor’ Sees Range-Bound Dow Fund  Kaitlyn Kiernan, The Wall Street JournalAs the Dow looks set to finish above 15000 for the first time, one options trader set up an “iron condor” to bet the blue-chip index would remain range bound over the next seven weeks.http://jlne.ws/15q2JYX Dow Climbs Above 15,000 on Stimulus Optimism, EarningsInyoung Hwang, BloombergU.S. stocks rose, sending the…

JLN Options: New Dow and S&P 500 records trash the VIX and VIX ETFs Newsletter,Options

Lead Stories New Dow and S&P 500 records trash the VIX and VIX ETFsWall Street Sector SelectorMajor indexes and index ETFs continue to break all time record highs, and investors did not appear to be afraid today, judging by the lack of support in the VIX and VIX ETFs.  VIX ETFs typically rise when major indexes fall, so it is not surprising that the VIX and VIX ETFs dropped like stones today after index records were broken.http://jlne.ws/14ERw5l VIX: Quarterly ReviewJill Malandrino, The StreetThe CBOE Volatility Index (VIX) dropped about 30% in the first quarter as the S&P 500 started out…

JLN Options: CBOE-ISE Trial Over Automated Markets Patent Is Canceled Newsletter,Options

Lead Stories CBOE-ISE Trial Over Automated Markets Patent Is CanceledAndrew Harris, BloombergA patent trial pitting International Securities Exchange LLC against Chicago Board Options Exchange Inc. was canceled on its scheduled opening day in federal court in Chicago.http://jlne.ws/ZCCPID** Press releases on this from the CBOE and ISE can be found below under the “Exchanges” section. -JB New Life for Exchange Traded DerivativesColby Jenkins, TABB GroupWhile the roadblocks of low volatility and low interest rates that stymied the global ETD market in 2012 will likely continue in 2013, the regulatory overhaul in the OTC space will allow for unprecedented innovations in derivatives,…