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Tag Archives: FinTech

Establishing a Presence – Travis Schwab, Eventus Systems Feature,Mwiki,Video,video

Travis Schwab, CEO of Eventus Systems, thinks firms that participated in the mad rush to build out their compliance and surveillance technologies are likely at a reevaluation phase. That presents an opportunity for Eventus, a three-year-old compliance and surveillance technology firm. In this video from JLN’s annual series with industry leaders, Schwab talks about issues with data integration, machine learning applications and entering the multi-billion dollar compliance technology industry.   Produced by Mike Forrester Interview by Jim Kharouf

Uncertainty Still Looming – Thomas Book, Eurex Feature,Video,video

Europe can breathe only a bit easier with MiFID II preparation out of the way – there’s still much geopolitical uncertainty on the horizon with Brexit barrelling towards markets.   In this video from JLN’s annual series with industry leaders, Eurex CEO Thomas Book talks about shifting investor behavior, the growth of MSCI products, distributed ledger technology and more.   Produced by Mike Forrester Interview by Jim Kharouf

Regulatory Crypto Crackdown; CME grain pushback John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Intercontinental Exchange Group’s market cap was $42.2 billion yesterday. Last August, it was $38.8 billion. In 2005, after its IPO, it was $2 billion.~JK Yesterday marked the 228th birthday of the Philadelphia Stock Exchange (PHLX). The following comes from Daniel Carrigan, president of Nasdaq Futures, Inc.: “PHLX was formed to support a fledgling U.S. government which borrowed $77 million from citizens to wage freedom from Britain. The first private debt offering was listed for trading in 1795 for The Penn and Lancaster Turnpike. The certificate contained the first picture imprint on a certificate…

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…

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…

CME rules out asset sales after Nex deal; Euronext eyes post-Brexit opportunities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Compliance And Regulatory Liaison, from Trading Technologies, available April 1, 2018 TT.~JJL If you missed our early edition of The Spread – our options-related news recap – last week, check it out here. Baseball, volatility milestones, Oprah – there’s a bit of everything in this one.~SD At Boca I recommended a great April Fool’s Day press release. I recommended an exchange put out a press release saying they were listing a futures contract on vibranium. Evidently, they could not figure out how to make clearing and delivery work for a fictional metal.~JJL See…

Top Regulator Worries About Crypto Market Manipulation; CFTC ‘astounded’ as Congress prepares to cut budget John Lothian Newsletter,Newsletter

First Read Congressional CFTC Budget Decision Lacks Vision and Reason John Lothian – JLN A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million to…

CME pursuit of Nex reflects shift in US money markets; SEC fine of radio presenter puts watchdog on the line; Bloomberg and Reuters see market share in data slip John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday my six foot six inch tall son Robby was diagnosed with a partially collapsed lung, or spontaneous pneumothorax, which is common in tall, thin youth. As a result, I had to miss the Ken Heath Awards presentation where Leo Melamed was one of the winners of the award. I also missed the open house for the new offices of Gate39 Media. Robby is doing well, though he is in a pediatric ICU unit. He is more used to visiting me sitting in a hospital bed than the other way around.~JJL ICE has…

Myths and Misconceptions Surrounding Artificial Intelligence MWEd,Mwiki,Video,video

“We can only see a short distance ahead, but we can see plenty there that needs to be done.” -Alan Turing in 1950’s seminal “Computing Machinery and Intelligence” While it feels like only recently that company after company, in industry after industry, has started deploying some variety of “machine learning” or “deep learning” or “artificial intelligence” in their marketing materials and new initiatives, technologists and academics have been talking about the field for decades. But with this recent proliferation of use cases comes the unavoidable confusion over what the terms actually mean in practice. Is there a black box with…