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Tag Archives: Fragmentation

Innovation Is the Only Cure for Fragmentation; Deutsche Börse Reveals Three ‘Pillars’ of Its Pervasive Blockchain Integration; Index Funds Still Beat ‘Active’ Portfolio Management John Lothian Newsletter,Newsletter

First Read Cold as ICE: Sprecher asks UK, How much do you love me? In the battle for financial markets in Europe, exchanges would like some more communication about why they should stay in the UK. By Jim Kharouf To hear one exchange leader tell it, UK markets could use a little more love. At the 10th annual FIA IDX conference on Tuesday, ICE Chairman and CEO Jeff Sprecher said UK regulators have not communicated with ICE much about how they could work together and keep ICE Europe’s operations more firmly in London. In the wake of Brexit and the…

Bitcoin options exchange raises $11.4 million in funding; Bill Brodsky – A Towering Figure in Options; Commodity Traders Have a Really Big Problem Newsletter,Options

Observations & Insight It’s all in the follow through Jim Kharouf, JLN This week, we are continuing our rollout of video interviews from the Options Industry Conference. Today we feature Gina McFadden, the first woman to receive the esteemed Joseph W. Sullivan Options Industry Achievement Award for her decades of education work at the Options Industry Council. We’ve also posted engaging interviews with industry leaders, Steve Crutchfield, head of market structure with CTC in Liquidity Providers Unduly Penalized By Capital Rules: CTC’s Crutchfield and got a state of the options industry review from Henry Schwartz, president of Trade Alert, The…

Options Market Structure – Fragmented Reality; Citigroup launches “credit VIX”; Mirror, Mirror, Which Asset Class Is the Sleepiest of Them All? Newsletter,Options

Observations & Insight Editor’s Note: In yesterday’s options exchange recap, we incorrectly noted that “NYSE Options … reduced the speed of execution by 50 percent,” when in fact NYSE reduced latency by 50 percent (or, when phrased another way, increased the speed of execution). ++++ An Anecdotal Look: The Retail Crowd’s Option Adoption Spencer Doar – JLN All of the derivatives conferences I’ve attended in the past few years had a noticeable retail customer presence or focus — be it panel subject matter, attendees from retail oriented companies or just overall mentions in conversation. The same was the case at…

Steve Woodyatt, Object Trading – Blurring the buy and sell sides MWEd,Video,video

Over the last 10 years the buy and sell sides have undergone drastic shifts due to two main factors: unbundling and fragmentation. In this talk from MarketsWiki Education’s London event, Steve Woodyatt, CEO of Object Trading, discusses those two phenomena. Woodyatt details how unbundling and fragmentation are caused, to one degree or another, by regulation and competition. Whereas traditionally the sell side provided a whole host of services to the buy side, now the lines have been blurred and in some cases the buy and sell sides appear to have traded places. These service packages are essentially being “unbundled.” That…

John Lothian Newsletter: US interest rate swaps trading rules ‘fragment’ global market; CME, Morningstar CEOs mull financial technology hub; Is Bitcoin Breaking Up? John Lothian Newsletter,Newsletter

First Read From the Top: By John J. Lothian Today the markets are closed in the U.S. in celebration of Martin Luther King, Jr. Day. This day is in honor of the birthday of Dr. King and his life of non-violent protest and for standing up for people who faced discrimination. It is a good reminder of true character of the American people and of service to others. Word has reached me that former NYMEX chairman Z. Lou Guttman has died of leukemia. Condolences to Lou’s family, many friends, associates and fellow former NYMEX members. There has been no news…

Henry Schwartz – Trade Alert Interview,Options,Tech / HFT,Video

Henry Schwartz is the President and Founder of Trade Alert, a real-time option flow analytics firm that serves Wall Street sell-side derivative desks, floor brokers, market makers, hedge funds, and proprietary trading firms. He previously worked at Banc of America Securities, where he was responsible for electronic market making on the start-up ISE. Trade Alert was founded in 2005. Schwartz spoke with JLN Options editor Sarah Rudolph about the OptionAlert analytics system, technology challenges for clients and firms, and fragmentation in the options markets.