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Tag Archives: FCA

The Markets Will Stop a Trade War; Nasdaq’s Crypto Policing Meeting; Forest Fires John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff We have three changes for the upcoming MarketsWiki Education World of Opportunity series in Chicago. Renato Mariotti was called to Atlanta by CNN on Monday, so he will not be speaking on Thursday, August 2. We have moved Bill Weldon from Tuesday to Monday to fill Renato’s space and moved Jessica Darmoni from Thursday to Tuesday to fill Bill’s vacated spot. There is always some last minute change. ~JJL Priceonomics posted a blog about which companies in the S&P 500 generated the most revenue per employee (RPE) in 2017. 13 of the top…

Nasdaq to Provide Clearing Technology to SIX for Clearing Overhaul John Lothian Newsletter,Newsletter

Clearing House

First Read Hits & Takes JLN Staff The JLN team is home after a successful day two of MarketsWiki Education World of Opportunity in New York at Nasdaq yesterday. We had 12 speakers who knocked it out of the park. Thank you to Nasdaq for hosting day two and for all our sponsors and speakers. Thank you too to the hard working JLN staff. The videos will start rolling out in the coming days and weeks.~JJL During the merit badge workshop on Tuesday at Nasdaq, Robby Lothian had to give an impromptu two minute speech as part of the badge….

Amazon and Google’s Cloud for Big Banks; Bold goals from Korean meeting John Lothian Newsletter,Newsletter

First Read Lessons From the “Not Guilty” Verdict in This Week’s Criminal Spoofing Trial Renato Mariotti Mariotti is a former federal prosecutor who spent almost 10 years investigating and prosecuting hundreds of cases in a wide variety of areas and is now a defense attorney. He is a former candidate for the Democratic nomination for Attorney General in Illinois. Wednesday’s stunning “not guilty” verdict in United States v. Andre Flotron, only the second spoofing case ever taken to trial, is a reminder that it is extremely difficult for prosecutors to prove a defendant’s intent beyond a reasonable doubt in the…

Deutsche Bank ousts John Cryan and names Christian Sewing as chief John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff JLN Contributing Global Markets Editor Jim Kharouf will be in Washington, DC representing us at the IFM “Smart Financial Regulation Roundtable: Implications of Cryptocurrencies” event on April 11. Later in the week, Kharouf and other members of the JLN team will be at the “IOMA – The WFE’s Clearing & Derivatives Conference” in Chicago.~JJL The CME Group’s market cap on Friday was $53.8 billion. NEX Group’s was $3.7 billion. ICE came in at $41 billion.~JK Don’t forget you have a week (well, eight days) to get in your taxes, which are due April…

Big bank tech arms race; South Korea Detains Crypto Execs; Rival Fidessa acquisition bidders ION and SS&C John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Euronext celebrated the 40th anniversary of its options exchange in Amsterdam yesterday. In conjunction, they also celebrated Drumming Day, a centuries old tradition commemorating the bravery of an orphaned boy who saved Amsterdam’s stock exchange from the Spanish during the Eighty Years’ War.~JJL It’s not surprising that once volatility returns, the media starts to cover options markets more. As such, yesterday’s JLN Options newsletter was chock full of content, including background on the Greek general Thucydides, an IP spat, convexity, unprepared traders and a dig at David Einhorn’s confusion over why his fund…

Stock exchanges cast wary eye at threat from big tech; Cryptocurrency Firms Targeted in SEC Probe John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff From today’s Bloomberg piece This $1 Trillion Money Manager Just Joined the Crypto Frenzy, “shares in Taiwan Semiconductor Manufacturing Co., which manufactures chips for Nvidia Corp. and Advanced Micro Devices Inc., have climbed 34 percent since the beginning of 2017 and surged to a record in January.”~JK Did you know that Temenos Group AG, the Geneva-based banking technology company that has bid for Fidessa, is the fourth largest software firm in Europe? That, what “Temenos” means and more HERE~JK JPX reported that in February 2018, total derivatives trading volume was 40,059,157 contracts, a…

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…

Clayton and Giancarlo on Crypto; Aramco IPO Implications; May’s Brexit talk John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The Chairman of the Commodity Futures Trading Commission (CFTC), J.Christopher Giancarlo, will be a keynote speaker at Boca 2018! You looking for something to trade? CME is holding a course: Introduction to TOPIX on the Tokyo Stock Price Index (TOPIX) and Yen-denominated TOPIX Futures, which are set to launch on February 5 at CME Group. Gain a basic understanding of how to incorporate TOPIX futures into a trading strategy and how the contracts compare to Nikkei 225 Index futures.~JK JLN will be issuing a Special Report this morning on some embargoed news. Stay…

MiFID Starts; Exchange Stats; OCC AA+/Stable Rating Reaffirmed Newsletter,Options

Observations & Insight December 2017 Options Exchange Marketshare via OCC Exchanges and Clearing CME Group Reached Record Average Daily Volume Of 16.3 Million Contracts In 2017, Up 4 Percent From 2016 CME Group 2017 Interest Rate average daily volume was a record 8.2 million contracts, up 9 percent compared with 2016 Annual average daily volume records also were reached in Energy, Agricultural Commodities, Metals, total options and electronic options /goo.gl/Yy152d OCC AA+/Stable Rating Reaffirmed By S&P OCC CHICAGO (January 2, 2018) – OCC, the world’s largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by…