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Tag Archives: financial regulation

Riding the Regtech Wave with Voice Tech – Nader Shwayhat, GreenKey Technologies Feature,Mwiki,Video,video

There are a number of angles playing into the evolution of GreenKey Technologies’ voice recognition business over the past year. The consumer sector saw the continued rise of voice assistants – who doesn’t know Alexa? Advancements in machine learning allowed GreenKey to develop its technology in ways impossible four years ago. Regulatory edicts forced companies to continue to up their compliance game and the big data boom continued to push firms to unlock information already contained in-house. Moreover, Greenkey’s relationships with IPC and OpenFin show the company’s willingness to collaborate to expand its reach. In this seventh video from JLN’s…

FINRA looking at VIX; China curbing options trading; Exotic ETP concerns Newsletter,Options

Observations & Insight What’s the Deal With the VIX Manipulation Letter? Inaccuracy and Misunderstanding Spencer Doar – JLN The big options news pertains to a letter alleging VIX manipulation. The letter, written on behalf of an anonymous whistleblower by a Washington D.C. law firm, alleges market makers manipulate the VIX by quoting far out of the money SPX put options so they are included in the VIX calculation at junctures that benefit their trading activities. It’s understandable financial instruments are subject to concerns about manipulation when their inner workings are complicated and not fully understood by the general public. VIX…

Don’t hate the game, hate the players; Volatility investors – once bitten but not shy; Vol funds worked – that’s the problem Newsletter,Options

Observations & Insight The VIX Can’t Cause Vol – Cboe’s View on Volatility ETPs Spencer Doar – JLN As volatility began to surge in February, and then exploded on the fifth of the month, exchange traded products (ETPs) that shorted or provided inverse exposure to VIX futures came under fire. The two most popular, Credit Suisse’s VelocityShares Daily Inverse VIX Short-Term exchange traded note (ETN), ticker XIV, and ProShares’ VIX Short VIX Short-Term Futures exchange traded fund (ETF), ticker SVXY, were the main focus, as they suffered huge losses. Trading in them was halted and then Credit Suisse announced it…

Big Banks Accused of Stifling Competition in Stock Lending; Rise of Bitcoin Futures Prompts Regulator to Revisit Hands-Off Approach; EU rejects Brexit trade deal for UK financial services sector John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff CFTC Commissioner Rostin Behnam said in a speech before the Market RIsk Advisory Committee that in the 18 years since the introduction of the self-certification process for new futures products, 15 exchanges have self-certified 10,628 new products.~SD There were some Citadel personnel moves recently. Seetharam Gorre, formerly the chief investment officer for Steve Cohen’s Point72, joined Citadel as a managing director and in April, Will Evans, global franchise manager for commodities at Goldman, will join Citadel, too. (Back in August, Point72 snagged Jerrell Watts from Citadel where he was head of algorithmic execution…

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…

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

Quant funds set to pass $1tn mark; Hong Kong Exchange Eyes New Trading Rules; Spread-betting rise threatened by EU rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Brazil’s exchange, B3 (formerly BM&FBovespa) announced its main stock market performance index – Ibovespa – hit a record high Friday, ending the day at 79.071 points, up 0.54 percent from the previous Ibovespa record of 78.647 points last Thursday.~JK SGX reported its derivatives volume was 178.4 million, up 18 percent in 2017 from the previous year, with its FTSE China A50 Index futures the most active contract with 64 million contracts, up 13 percent. Here is the full report.~JK With Mark Mobius retired from Franklin Templeton, who in emerging markets will pick up…

The Pound’s Brexit Test; FX Flash Crashes; Basel Rules Newsletter,Options

Observations & Insight Sunday, Sunday, Sunday Spencer Doar – JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers – not sure of the specifics, but he used ESPN’s point predictions versus actual performance – and his calculations showed that my abhorrent results were nearly three standard deviations outside the norm. I would not have found this nearly as amusing before I started covering the options space and following earnings seasons. Bottom line, that frees up some of Sunday night. Good…

The Industry Discusses Potential Changes to Dodd-Frank Regulation,Regulation & Enforcement,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This seventh and final video in the series addresses the recent efforts by the CFTC to take commentary from the industry regarding potential changes to Dodd-Frank. In this video, Julie Winkler, chief commercial officer with CME Group, Gary DeWaal, special counsel with Katten Muchin Rosenman, Ben Morof, chief compliance officer for Teza Capital Management and Carl Gilmore, president of Integritas Financial Consulting talk about some potential improvements.