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Tag Archives: ETFs

Stability Down Under – Peter Hiom, ASX Feature,Mwiki,Video,video

While Peter Hiom, deputy CEO of ASX, describes his markets and the region in general as relatively stable, that does not mean that ASX has been idle.   In this fourth video of JLN’s annual series with industry leaders, Hiom talks about ASX’s successful launch of its new futures trading platform, the slowing winds of regulatory change, the hope for a real yield curve, and the exchange’s progress in developing a blockchain reconciliation platform to ease the administrative burdens on clients.   Produced by Mike Forrester Interview by Jim Kharouf

ETFs not to blame for market turbulence, says BNY Mellon Newsletter,Options

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Observations & Insight Boca Takeaways Spencer Doar – JLN The “Ten Years On: A Retrospective View of the Financial Crisis” panel led to the most fireworks of the conference thus far. We are 10 years on from the crisis, and it is extremely clear that no one views those events the same way. Paul Atkins, CEO of Patomak Global Partners, at one point took issue with former Congressman Barney Frank’s take on Fannie and Freddie, saying, “You should take an accounting class,” to which Barney Frank shot back, “Don’t be so condescending.” The whole panel went that way. You have…

February’s “volmageddon” good for banks, brutal for hedge funds Newsletter,Options

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Observations & Insight Tangents of the day Spencer Doar – JLN The Wall Street Journal story Your Location Data Is Being Sold—Often Without Your Knowledge is an alt data industry story with tentacles reaching everywhere (we all use some apps right?). According to a cited research firm, 40 percent, or $16 billion, of all mobile ad spending was location targeted. Knowing where and when people are various places is big business and definitely tradeable information. It reminded me of a related recent story about the fitness app Strava that had a global heat map of activity. The problem? The heat…

VIX Manipulation Costs Investors Billions, Whistle-Blower Says; High-Speed Traders Profit From Return of Loophole at CME; Tighter monitoring for computer trading demanded John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The SEC’s 2019 budget request of $1.658 billion is a 3.5 percent increase over 2018. The majority of that extra funding, $45 million, would go to “technology enhancements to support the agency’s cybersecurity capabilities, risk and data analysis, enforcement and examinations, and automation of business processes.”~SD The CFTC’s budget request of $281.5 million for fiscal year 2019 would support 716 full time employees. CFTC Commission Brian Quintenz pointed out that in FY 2016, the agency had 714 full time employees, 689 in 2017 and 670 this year.~JK Economist/Stanford professor/auction theorist Paul Milgrom received…

Chicago firms gear up for MiFID II; EU exchanges clash with customers over fees; South Korea Considers Closing Bitcoin Exchanges John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff This is the second to last edition of the John Lothian Newsletter for 2017. Tomorrow we will publish JLN, but not JLN Options or JLN Asia Pacific News.~JJL Eurex‘s trading calendar for the new year can be found HERE.~JJL There were a couple of commodity related explosions this week. First, a Libyan crude oil pipeline was blown up by suspected terrorists, helping move prices. It is believed it will take a week to get the pipeline back online. Then there was an explosion at an Argentinian grain terminal owned by COFCO that killed…

Rolet’s LSE Exit Gets Complicated; Saudi Purge; Paradise Papers John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff CME is pleased to sponsor the Women in Listed Derivatives Annual Symposium in Chicago. This year’s symposium will feature Holly Glowaty, co-founder of K + H Connection, a Fintech partnership company, followed by a panel of distinguished financial advisors taking an in depth look at “Women and Personal Investing.” The panelist are:  Carolyn Leonard, CEO and Co-Founder of Dymynd (moderator) Patricia DeChant, Vice President at CIBC Atlantic Trust Private Wealth Management Mary DiChristafano, Graystone Consulting/Morgan Stanley Private Wealth Management Julie Shechtman, Senior Vice President at Morgan Stanley Wealth Management KhloÈ Karova, Owner…

Record Assets Continue To Pour In To ETFs Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Down Nine Percent in September OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in September was 335,867,813 contracts, down nine percent from September 2016 volume of 367,641,787 contracts. OCC’s year-to-date average daily cleared contract volume is up three percent from 2016 with 17,038,958 contracts in 2017. jlne.ws/2fLfXfi Lead Stories Record Assets Continue To Pour In To ETFs Drew Voros – Nasdaq For the month of September, $28.2 billion flowed into U.S.-listed ETFs during the month, according to the latest data from FactSet. That follows inflows of…

SEC nomination; Trouble for fastest traders; The death of stocks has been exaggerated John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Our friends at Deutsche Boerse Group have produced a video posted to Youtube titled “Brexit explained in simple terms”~JJL Do you know BOAT Services? The Cinnober subsidiary just received FCA approval to publish your firm’s post-trade reports – it’s a MIFID II thing. BOAT Services has more than 350 customers.~JK Retired FIA President John Damgard is today’s featured speaker from this summer’s MarketsWiki Education World of Opportunity series in Chicago.~JJL The Realization Group and Software AG is hosting the second in a series of roundtable discussions on Digital Excellence in Banking and…

Ex-Trader Linked to Deutsche Bank Is Aiding U.S. Spoof Probe; The Bloody Fight for ETF Scraps Is About to Get Even Worse; Quant Manager of $6 Billion Backs Stocks Hidden From Front Pages John Lothian Newsletter,Newsletter

First Read Newest Criminal Spoofing Case Features Coordinated Spoofing and Front Running Renato Mariotti, Thompson Coburn LLP On last Thursday, June 1st, the Justice Department entered into a plea agreement with a trader named David Liew, publicly revealing the existence of the third-ever criminal spoofing case, which had been filed under seal on January 3rd. In the plea agreement, Liew admitted that from December 2009 to February 2012 he conspired with other precious metal traders to engage in spoofing on hundreds of occasions and to commit fraud by misleading other market participants via his spoof trades. Liew’s former bank is…