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Tag Archives: exchanges

Wall Street banks push back on launch of bitcoin futures; Traders Want to Know What Exchanges Earn From Market Data; Blockchain Scores Major Win as Aussie Exchange Plans Shift John Lothian Newsletter,Newsletter

First Read Hits & Takes Wedbush’s margin policy for bitcoin trading found its way to my inbox. In order to trade the Cboe bitcoin futures, a trader must have a minimum equity of $10K in their account. For accounts under $1 million in total equity, the margins are two times the exchange minimums. For the CME’s bitcoin futures, the account size is $50K minimum and if less than $5 million, you get double exchange margins. ~JJL STA Chicago’s marketing material for the 92nd Annual Mid-Winter Meeting – held Jan 10 through 12 – is Game of Thrones themed. *tips cap*…

Exchange data made up a third of revenues in 2016; NEX revenues grow despite tough market conditions; China’s $800 Billion Sovereign Wealth Fund Seeks More U.S. Access John Lothian Newsletter,Newsletter

First Read MarketsWiki Education Kicks Off In The Big Apple MarketsWiki Education events provide interns interested in capital markets with a rare opportunity to hear from established professionals in the industry. In yesterday’s two sessions hosted at Nasdaq’s Marketsite in Times Square, 70 hungry youngsters were treated to 12 TED-style talks covering everything from the importance of options market data to proper professional branding. Here are just some bits from the event: -Vela Technologies’ Brian Cassin explained the trials of merging two culturally different companies — SR Labs and Wombat — and how it opened up space for some of…

Corporate bond trading at MarketAxess reaches record high; ICE says being asked to shift operations from London to continent; SEC working ‘diligently’ on plan to test lower exchange fees John Lothian Newsletter,Newsletter

First Read Did you know? Jim Kharouf & Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At the…

Adena Friedman, Nasdaq – Exchanges: Drivers and Beneficiaries of Change Feature,MarketsWiki Education,MWEd,Video,video

“Today, exchanges are, at their core, technology companies as well as marketplaces.” Adena Friedman loves working with interns. After all, she began her career as an intern at Nasdaq a number of years ago. Now, she serves as the exchange group’s president and chief operating officer. So when she was asked to deliver a welcome address and opening talk at the MarketsWiki Education World of Opportunity intern event in July 2016, she jumped at the chance. Friedman inspired the group of young folks by offering a contemporary look at today’s exchanges, which are much more than a place where buyers…

New Captain: SGX’s Boon Chye Navigates Tough Asian Markets Financials,Interview

Loh Boon Chye took the reins as CEO of Singapore Exchanges (SGX) in July. A former SGX board member and Bank of America Merrill Lynch’s deputy president and head of global markets in Asia Pacific, he said there is much opportunity for the exchange to grow, and perhaps even benefit from the competition that has moved in around him from ICE and others. Boon Chye spoke at SGX’s headquarters with JLN Editor-in-Chief Jim Kharouf about his management style, the game plan for the exchange going forward and just where SGX fits in the global market landscape. Q: You took the…

Connecting: HKEx’s Li Said It Will Help Connect To China’s Trillions Interview,Tech / HFT,Video

Hong Kong Exchanges and Clearing is all about connecting. HKEx’s CEO Charles Li says his exchange is the linchpin that connects mainland China’s markets with the rest of the world. Li, who spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, said his exchange is about strategic positioning with China and taking advantage of the explosive growth it sees, especially with the London Metal Exchange firmly integrated into its business. “Our job is to find a way to make that connection,” Li said, of China, “the largest pool of capital that is yet to be globally…

Out of Chaos: ICE’s Sprecher Says Exchange Is Set For Growth Interview,Regulation,Tech / HFT,Video

The Intercontinental Exchange Group had a record 2014, but for CEO Jeff Sprecher “boy, it was a chaotic year.” ICE posted revenues of $3.01 billion last year from transaction and clearing fees, as it consolidated operations from the 2013 NYSE Euronext acquisition, navigated changing regulations, handled energy market volatility and eyed its Asian expansion. Sprecher, who spoke with JLN editor-in-chief Jim Kharouf at the FIA Boca conference, said regulation will continue to be a strong influence on the marketplace in 2015. But ICE is not waiting for the US and European rulemaking process to reach its conclusion. The exchange plans…

Chris Hehmeyer, managing member, HTG Capital Partners – Why Cereal Might Be Cheaper On Mondays At 8 AM Video

“The technologies are changing so fast that you can always jump in to whatever’s next.” Chris Hehmeyer, managing member at HTG Capital Partners, gives a brief history of the financial markets and discusses his journey from Tennessee to Chicago. Hehmeyer describes the setting of the fledgling Chicago Board of Trade and remembers when technology was really beginning to impact the financial industry. One memory was when Hehmeyer saw an Apple II computer create a spread chart for the first time. Prior, all data was written out and charts were drawn by hand, but Hehmeyer knew that the simple chart was…

Hirander Misra, CEO GMEX – Exchange Innovation: The Need to Think Outside the Box Tech / HFT,Video

“The key to that is how technology is used. All too often in the exchange space, we’ve been doing the same thing we’ve essentially been doing for many many years and we haven’t really seen a change.” Hirander Misra, CEO of GMEX, compares the business model of Netflix and Blockbuster to the exchange space. Misra discusses how technology helped fuel the progress of Netflix and allowed it to overtake Blockbuster in movie rentals. He also touches on the dilemma innovators face in the exchange space due to new regulation, and how it causes disruptions for innovation. Misra says that the…