Breaking News

Tag Archives: Euronext

Swaps Rules Due for Overhaul – CFTC; Ex-UBS Trader Beats Spoofing Charge John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Andreas Preuss and Jeffrey Tessler have been replaced on the Deutsche Boerse AG Executive Board. Thomas Book, Christoph Bohm and Stephan Leithner have been appointed to the board.~JJL Yesterday’s Fintech Exchange, hosted by Barchart, kicked off with with the Startup Exchange Competition – 16 start-ups introducing their innovative companies. PanXchange won the competition, for its technology and approach to raw commodities. The company listed frac sand in October 2017. Second went to Coinifide, a start-up that is building a trading education and trading platform for cryptocurrency markets. Third place went to Freight Exchange,…

FINRA Sweeps BDs for VIX-Linked Products Info; Earnings Season Catalyst to Crush Volatility Again Newsletter,Options

Observations & Insight Treasury Pushing For Capital Rule and Volcker Changes Jim Kharouf – JLN The US Treasury Department is addressing capital intensive rules that have constrained market participants from capital markets to community banks under the Volcker rule. Craig Phillips, counselor to US Treasury Secretary Steven Mnuchin, speaking at the WFE IOMA conference in Chicago last Friday, said the department is looking at a variety of issues and challenges for market participants, ranging from restrictive leverage ratios and how those are calculated, to easing restrictions on banks and institutions in the capital markets to promote liquidity, to changes in…

CME Record International ADV; Martin Act Opposition; Nasdaq Completes Media/PR Sale John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Congratulations to the World Federation of Exchanges on its IOMA Clearing & Derivatives Conference, concluded on Friday. The event, as usual, attracted exchange, clearing and market infrastructure from several continents and was well focused on the challenges and issues facing global CCPs. Nicely done.~JK Ankur Kamalia, managing director, head of group venture portfolio management & DB1 Ventures at Deutsche Bˆrse said at the WFE IOMA conference that his group has met with 750 fintech firms over the past three years and invested in just seven. Among those is Digital Asset Holdings.~JK Interesting tidbit…

CME rules out asset sales after Nex deal; Euronext eyes post-Brexit opportunities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Compliance And Regulatory Liaison, from Trading Technologies, available April 1, 2018 TT.~JJL If you missed our early edition of The Spread – our options-related news recap – last week, check it out here. Baseball, volatility milestones, Oprah – there’s a bit of everything in this one.~SD At Boca I recommended a great April Fool’s Day press release. I recommended an exchange put out a press release saying they were listing a futures contract on vibranium. Evidently, they could not figure out how to make clearing and delivery work for a fictional metal.~JJL See…

What the World’s Governments Are Saying About Cryptocurrencies John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff A young man from my church is going to graduate from college in May and is looking to embark on the beginning of his career in finance. He eventually wants to work in the hedge fund area. I told him there are many paths to get there. He is an outstanding young man, an Eagle Scout from a good family and already dresses like he could be a London banker. He is the founder and president of his college’s investment club and finance director for a consulting company and his college fraternity. If…

Market’s $3 Trillion Trauma; FCA and CFTC to collaborate on fintech innovation; Euronext Plans More Acquisitions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Welcome to Presidents’ Day in the U.S. This is the day when U.S. Presidents have historically taken the day off from Twitter. Just kidding. But it is the day we are not going to publish JLN Options and the JLN staff gets the rest of the day off. Have a great day!~JJL Last week’s CryptoCon 2018 produced some interesting insights into the cryptocurrency space. DRW Cumberland’s Bobby Cho and Jim Radecki revealed just how large that operation is today, with crypto trades representing about 25 percent of DRW’s trades on 30 different currencies…

Deutsche Boerse ends Asia expansion plans; NYSE, Nasdaq Fighting to Keep Grip on Market Close; Hodgkinson leaving Euronext John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff John Lothian News will be bringing our video team to Boca for the FIA International Conference in March. We will again be shooting our exchange and industry leader video series. If you have some suggestions for topical subjects or persons to interview, email me.~JJL Yesterday we issued a Special Report for the Trading Technologies and GDAX/Coinbase news and Jim Kharouf shot a short video to introduce the story he wrote. I did a short Twitter live piece as an experiment to promote the Special Report. It went fine, except my tie was not…

Cboe approval shakes up stock market’s closing auction; Euronext Acquires InsiderLog; Goldman Is Worth Less Than Morgan Stanley for the First Time in a Decade John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC total cleared volume topped 30.3 million contracts on January 16, the first time since January 2016. Total cleared futures volume at OCC was the fourth highest ever, at 1.1 million contracts.-via Twitter~SD Peter Lenardos, who served as a managing director at RBC Capital Markets for the past seven years, left the company last week. The well-known analyst, who covers exchanges and other publicly traded firms in the financial services area, will be pursuing other opportunities. His deputy, Elliott Broadbent, is believed to have left as well.~JK Cboe did have record volume Tuesday…

Oil Signals to Watch in 2018; 2018, the year of the active fund manager?; Chicago firms gear up for MiFID Newsletter,Options

Observations & Insight Editor’s Note There will not be an edition of JLN Options tomorrow – we will be back January 2, 2018. So, this marks our last email (on a pretty thin options news day) of an extremely eventful year, yet one historically devoid of volatility. Here’s to 2018! Maybe the VIX will hit 30, the short vol trade will get busted up, market makers will proliferate, fees will decrease, capital rules will make sense, roses will smell better and a whole bunch of other stuff. See you then. Lead Stories Five Oil Signals to Watch in 2018 Alex…