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Look Who’s Talking Blockchain,Blog,Commentary,CryptoMarkets,Feature

Last week many of us were surprised to hear EF Hutton talk again – Wow! They exist? – when Hutton issued three press releases over eight days. Hutton has emerged as potentially much cooler, socially conscious version of a money machine and not just because the money takes the form of cryptocurrency. It seems that Hutton’s brand had been hanging out somewhere deep in Citigroup until half a dozen years ago when it was resurrected and sent out to fare on its own. EF Hutton today is a broker dealer unit of HUTN, Inc. Based in Springfield, Ohio, HUTN’s CEO…

How blockchain may be used to create “smart cities” – Paul Doherty of TDG Blockchain,Commentary,CryptoMarkets,Feature

Paul Doherty, founder and chairman of The Digit Group (TDG), a company that designs, builds, and maintains what he calls “smart cities” around the world, was one of the speakers at Chicago’s 2018 “Voice of Blockchain” event at Navy Pier last month. In 2017, Doherty accompanied Donald Trump on his trip to China as part of a delegation of 30 CEOs from major U.S. companies. The trip proved fruitful for TDG – Doherty and Gong Yueqiong, president of the Chinese company Foton Motor Group, signed a memorandum of understanding (MOU) during the trip. According to the MOU, Foton Motor Group,…

What does your clearinghouse DEFCON scale look like today? Commentary,Feature

Talk about timing. Ten years after the collapse of the global financial market and a decade of rebuilding it, Nasdaq reports that Nasdaq Clearing had to cover for a clearing member default of €114 million on Nasdaq Nordic,  a default so large it took up 68 percent of the default funds from other clearing member firms. According to reports from the Financial Times and Bloomberg, a trader by the name of Einar Aas (one letter off from a joke here), defaulted on Nasdaq’s power market on September 11, forcing Nasdaq Clearing to tap into clearing member default funds. Aas reportedly was…

Under The Crypto Hood With CMT Digital Feature,Video,video

You can trade cryptocurrencies on a screen but that doesn’t mean they have a ton in common with traditional assets. John Lothian News Contributing Editor Chuck Mackie sat down with three members of CMT Digital to discuss the challenges posed by digital assets. Colleen Sullivan, CMT Digital’s CEO, talks about the missing infrastructure needed to bring cryptocurrency into the mainstream market. Rob Walker, CMT CTO, discusses market fragmentation and the accelerated pace at which crypto is evolving. Finally, Brad Koeppen, head of cryptocurrency trading at CMT, talks about adapting to cryptocurrencies’ sprawling ecosystem. Produced by Mike Forrester  Interview Conducted by…

X_TRADER Transformed The Industry: Now It’s Time To Do It Again Commentary,Feature

The announcement that Trading Technologies will be shutting down its X_TRADER platform is not a big surprise. But what that platform has done over its 25-year lifespan certainly is. And what the new TT platform may do in the coming months and years may be equally astounding. Taking a look back, there’s not a single ISV trading platform that has had a greater impact on the industry than X_TRADER. Launched in 1994, the technology that included patented breakthroughs like the ubiquitous price ladder and autospreader transformed the trading industry with Harris Brumfield’s trader’s eye for functionality and speed. The patents…

Lessons from My Crypto Career Risk – Tim McCourt, CME Group Feature,MarketsWiki Education,MWEd,Video,video

“[In July 2000, my boss] said, ‘Tim, tomorrow, you’re going to start on the equity derivatives desk at JP Morgan.’ I was like, ‘Fantastic. I’m super excited.’ I go home, no one really has a laptop, I got my  first cell phone two weeks before – it’s not web-enabled – so I go bring out a red Merriam-Webster dictionary and look up ‘equity’ and ‘derivative.’ All right, I’m ready for my first day tomorrow. I had no idea what it was. But that didn’t stop me. ”  Tim McCourt, managing director, global head of equity products and alternative investments at…

Avoiding Spoofing Shortfalls – Renato Mariotti, Thompson Coburn Feature,MarketsWiki Education,MWEd,Video

  Renato Mariotti prosecuted Michael Coscia for spoofing as a federal prosecutor, ran for Illinois attorney general and can frequently be seen on cable television commenting on current events.  So when he talks about spoofing and markets, as he does in this MarketsWiki Education video, take heed. Now a partner at Thompson Coburn, Mariotti is defending Jitesh Thakkar against spoofing charges.  Produced by Mike Forrester

Cognitive Flexibility in Finance – Kevin Darby, Blue Trading Systems Feature,MarketsWiki Education,Video,video

“Don’t over-engineer it. There’s a huge tendency, especially for technical people, to make up complexity.” The problems Kevin Darby, managing partner at Blue Trading Systems, encounters as a fintech vendor are very different from those he faced as an index options market maker. In this video from MarketsWiki Education’s Chicago event, Darby talks about tackling an ever-changing problem set as your career evolves, as well as what Pac-Man and futures trading have in common.   Produced by Mike Forrester and Patrick Lothian  

Discussing “InfoSec” – Mike Phillips, VSEC Feature,MarketsWiki Education,Video,video

“How many small or medium business can survive a $3.5 million hit? When small and medium business get hit, they typically go out of business. When the big ones get hit, know what they do? They change their names.” If it is connected then it can be hacked, says Mike Phillips, a founding partner of VSEC, an information and cyber security firm. And there is a lot to be connected – by 2020 it is estimated some 50 billion devices will be on the web.  In this video from MarketsWiki Education’s Chicago event, Phillips talks about the state of information…