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Tag Archives: FinTech

New York sues U.S. to stop fintech bank charters John Lothian Newsletter,Newsletter

First Read How blockchain may be used to create “smart cities” – an interview with Paul Doherty, founder and chairman of The Digit Group By Matt Raebel, John Lothian News 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…

Tech firms looking to change the technology stack Blog,Feature,Fintech,Tech / HFT

The question for the industry today is whether firms have hit the technology breaking point. In other words, can firms continue to maintain and sustain the technology they’ve built over the past 20-plus years? A new breed of tech firms is emerging to help address this challenge. There are increasing signs that the so-called “technology stack” at various firms is not economically sustainable, nor is it necessarily more efficient. For years, various technology vendors have been expanding their product mixes to handle front, middle and back office responsibilities for firms. The industry is seeing a mix of established tech vendors…

Regulators club together to form global ‘fintech sandbox’ John Lothian Newsletter,Newsletter

First Read Joe O’Neill, New York Commodity Exchange(s) Executive, Passes Away By John Lothian Longtime New York commodity exchange executive Joe O’Neill passed away on August 4, 2018 at the age of 74. This plain statement tells little of a life lived in the most colorful of times in New York commodity exchange history or a career that included launching the first financial futures (before CME/IMM by 2 years), the creation of the Dollar Index Contract (with the help of Paul Tudor Jones) and being the consultant for the futures trading aspects of the script of the hit movie “Trading…

NYSE Cuts Jobs at CHX; Trump Lost Investors’ Confidence; Alleged NYSE Scheme John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Correction from JLN yesterday. Renato Mariotti will be speaking at MarketsWiki Education on Thursday, not Monday as scheduled. Bill Weldon was moved to Monday and Jessica Darmoni will speak on Tuesday.~JJL Today’s MarketsWiki Education World of Opportunity event will again be at the Stuart School of Business at Illinois Tech on West Adams in Chicago, starting at 3:00 p.m. CT. Here is our list of speakers: *John Tornatore – Cboe Global Markets *Mike Phillips – VSEC LLC *Jessica Darmoni – The Title Connection *Melinda Schramm – The NIBA *Don Ross – CODA Markets…

Market Structure: Why You Should Care – Kevin McPartland, Greenwich Associates Feature,MWEd,Mwiki,Video,video

“I’m not a particularly good investor. I don’t know if my own portfolio is set up the way it should be. But I can certainly explain to you exactly how an equity trade comes from a pension fund and makes its way all the way down through the market and settles and all the other pipes and plumbing that come with it.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Kevin McPartland, managing director, market structure and technology with Greenwich Associates, takes a step back from the minutiae of markets to talk about the big…

Nasdaq looks to grow into sell-side tech provider Feature,Video,video

Nasdaq is looking for a new client base – the sell side. Given its broad technology reach, the company believes it has the products and infrastructure that banks and brokers need in today’s regulatory and trading environment. Speaking to JLN at the FIA IDX event in London, Carl Slesser, head of product management, banks and brokers at Nasdaq, said such firms are more open to outsourcing or partnering with companies like Nasdaq. “We’ve seen a change in the appetite in the sell-side community to use vendors and partners,” Slesser said. “We’re going to launch an initiative to focus on that…

Fintech Exchange: Changing The Market Landscape Blog,Feature,Fintech

The fourth annual Fintech Exchange event was held in Chicago on April 25 -26, with an eye toward up-and-coming companies and exchanges, as well as what’s new in the fintech space from established players. Here is a recap of the best of the two-day conference, hosted by Barchart.  

DB1’s Ankur Kamalia: Fintech Venture Capital Is All About Collaboration Feature,Video,video

Deutsche Boerse started DB1 Ventures about 2 ½ years ago with the goal of finding new fintech firms that complement the exchange’s wide-ranging technologies but also show potential to grow well beyond that. Ankur Kamalia, managing director, head of venture portfolio management at DB1 Ventures, said his group is looking at everything from post-trade to new trading platforms to regtech firms. “We wanted to start DB1 to take on investments outside Deutsche Boerse Group and with the desire to be much more aligned with the product, design and innovation strategy going forward,” Kamalia said. He added that DB1 believes a…

Revamping Nasdaq’s Tech Approach – Lars Ottersgård, Nasdaq Feature,Mwiki,Video,video

After Adena Friedman became Nasdaq’s CEO at the end of 2016, the exchange group’s management team evaluated where would be best to invest moving forward. One decision out of that process was to shift to becoming more of a fully integrated, cloud-enabled managed services provider. The plan came together in 2017. 2018 is the year for execution. In this video from JLN’s annual series with industry leaders, Nasdaq’s EVP and Head of Market Technology Lars Ottersgård talks about machine learning, data governance, parimutuel technology and cloud computing. Produced by Mike Forrester Interview by Spencer Doar