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Tag Archives: FIA Expo

Downey’s Money.net Takes FIA Innovator Award Fintech,Video

Market data and information service looks to disrupt the Bloomberg and Reuters space with new ultra-low priced offering The winner of the FIA’s first ever competition for Innovator of the Year at the 2016 Expo in Chicago was Money.net, which was chosen by a panel of industry experts from 18 finalist companies picked from a larger group of fintech applicants. The company, started in 2014 by CEO Morgan Downey, aims to provide the same type of market information as Bloomberg and Reuters for 1/15 of the cost. Money.net is trying to disrupt the market information space, which pulls in $26…

Dealing with structural complexity in global derivatives markets; The VIX – Not So Fearsome After All?; Treasury Yield Curve Flattens as Draghi Downplays Altering QE Newsletter,Options

Observations & Insight Run Gary Run By Jim Kharouf It has been almost two years since Gary Gensler left the Commodity Futures Trading Commission as perhaps its most talked about, debated and in some circles, despised chairman. To some, his unrelenting drive to pound home rules established by the Dodd-Frank Act was considered a declaration of war against the derivatives industry. To his supporters, his determination was lauded, and he was considered one of the guys who was ready to stand up to Wall Street and LaSalle Street all in the name of Main Street. Now Gensler has grabbed attention…

Traders of ETF Options Deviate From Forecasters on OPEC Deal; OCC Comments on Essential Aspects of CCP Resolution Planning; Bumpy Ride Ahead for Investors as Presidential Election Looms Newsletter,Options

Observations & Insight Welcome to FIA EXPO Week By John J. Lothian Welcome to FIA EXPO week in Chicago. The global derivatives/financial/technology industry converges on the Hilton on South Michigan Avenue tomorrow as the conference officially begins then. It will be a week of news, meeting colleagues and old friends and a little bit of socializing. Just be careful out there. The Windy City is living up to its name as tremendous winds, not created by blow-hard politicians, has descended on the city. John Lothian New will be out in force at the conference, and we will again be shooting…

FIA Expo: Acid washed options Blog,Commentary,Options,Regulation

The clear message from FIA Expo was that the options industry needs market makers and regulators are making it hard on market makers.   At the risk of sounding like “South Park’s” Mr. Mackey, that’s bad, m’kay? Adding to the current quandary of market makers in the options space is the sheer number of markets that need making. While kicking off the “Equity Options Exchange Leaders” panel, moderator Patrick Hickey, head of market structure at Optiver, discussed the bloated number of strikes that participants have to deal with when trading and choosing strategies. Hickey also displayed an illustrative graph of…

John Lothian Newsletter: Algo traders, regulators and the age of the ‘Wall Street’ second; SEC charges Scottish trader for Twitter fraud; CME Group seeks legal views on first U.S. spoofing conviction John Lothian Newsletter,Newsletter

First Read Representatives from FIA affiliates sign official documents to merge into a single organization. Photo Credit: John Rizzo Congratulations FIA, and Other Bits & Pieces from FIA Expo 2015 JLN Staff Congratulations are in order, on a couple of fronts. First, upon the signing yesterday that officially merges FIA Americas, FIA Europe (the former FOA) and FIA Asia. Check out the above photo to see some of the people who made it happen – Paul Davies, FIA Asia Chairman; Steve Sparke, FIA Europe Chairman; Walt Lukken, FIA President and CEO; Gerald Corcoran, FIA Chairman; Michael Dawley, FIA Global Chairman;…

John Lothian Newsletter: Bill Introduced to Require Hedge Funds to Disclose Holdings More Frequently; Regulators step up efforts to stop spoofing; The illiquidity trap in Treasuries? John Lothian Newsletter,Newsletter

First Read Expo Bits & Pieces, Day 1 JLN Staff Yesterday was the first full day of 31st Annual FIA Expo Chicago, and from our vantage point, the conference is shaping up to be among the best ever. Sure, it helps that we are experiencing unusually balmy temperatures for November. One exchange executive said to me yesterday, “it feels more like an FIA Boca than an Expo.” One of the highlights of the day was the showing of MarketVoice’s video on the closing of the trading floors. Quite a nostalgic trip for many of us in the room. But after…

John Lothian Newsletter: Chicago jury convicts trader in widely watched ‘spoofing’ case; Probe Widens Into Treasury Debt Auctions; Everything in the market is more dangerous than it used to be Newsletter,Regulation

First Read ++++ FIA Expo 2015 is underway! Doug Ashburn – JLN The derivatives world has once again descended upon Chicago for the 31st Annual FIA Expo. As you can see from the above photo (taken last night at SunGard’s afterparty at Moe’s Cantina), we can expect a full house. The three-day event, November 3-5, will be held once again at the Hilton Chicago, 720 S. Michigan Ave. Today’s highlights include the ever-popular exchange leaders panel, a keynote luncheon featuring bestselling author and innovative thinker Steven Johnson, and a dozen panels covering global regulation, commodities, technology and more. Be sure…

John Lothian Newsletters: ICE to Acquire IDC for $5.2 Billion, Expanding in Data Services; Spoofing Law Gets Biggest Test Yet Before a Chicago Jury; Disruptive innovation in financial markets John Lothian Newsletter,Newsletter

First Read EXPO Will be One Big Pain By John J. Lothian If I make it to FIA’s EXPO in Chicago next week at all, it will be while I am a lot of pain. For those of you who have seen me lately, you know my back issues have returned (severe stenosis), my gait is short and my pain is great. On top of that, this Thursday I am having some outpatient surgery for a hernia. As a result of all of this, I have asked my friends at Phillip Capital to replace me as moderator on their Trading…

John Lothian Newsletter: Wall Street has a problem with women. Here’s why you should worry; Regulators focus on opaque Treasury trading; CFTC to finish position limits rule in 2016, Massad says John Lothian Newsletter,Newsletter

First Read Katie Burgoon, Trading Technologies – Gone But Not Forgotten: How The Floor Trader Mentality Can Prepare Everyone For Success JohnLothianNews.com “You would never have met a floor trader who did not live and breathe the markets every day. They literally could not wait for the alarm clock to go off every morning.” Though the open outcry system of order execution has been relegated (mostly) to the history books, the trading floor mentality lives on in the hearts and minds of the thousands of former floor participants. And any one of them would say that the things that defined…