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Tag Archives: futures

Meet the Robot Who Knows How to Trade Bonds Better Than You Do John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff On Sunday I commemorated the end of World War I and Veterans Day in the US by attending a program at Elmhurst College put on by a local VFW group. The Elmhurst College band played, local Boy Scouts participated in the flag ceremony and veterans spoke of their experience. It was a moving program. I enjoyed the historic music played the most. During the ceremony I reflected on the fact that my grandfather, for whom I am named, celebrated his 18th birthday in a trench in France. And last week, my wife’s stepfather,…

Bringing Nasdaq’s Derivatives Franchises Together Blog,Feature

Kevin Kennedy now has two jobs. Formerly just the head of U.S. options for Nasdaq, he’s now also the head of the Nasdaq Futures Exchange (NFX), a post left open by the departure of Rick Beaman.   Kennedy inherits a still nascent endeavor – it was formed in 2015 – that is largely focused on energy products. Despite its youth, NFX has hit some home runs. NFX’s natural gas options have plenty of traction and the exchange’s open interest in energy products represents 11.5 percent of overall U.S. energy product open interest. The challenge now is to grow NFX’s participatory…

CME completes £3.9 billion NEX Group acquisition John Lothian Newsletter,Newsletter

NEX

First Read Hits & Takes JLN Staff It is a big day for the CME Group. They completed their acquisition of NEX Group, they won the long overdue case brought by Eurex over the CBOT/Eurex US battle, and they announced October 2018 volume was up 38% versus October of 2017. That is what is called a very good day.~JJL Nearly $1MM was raised at the international charity A Leg To Stand On’s Hedge Fund Rocktoberfest in New York and events in Chicago and London. You can also donate to ALTSO by simply taking a picture, any picture, on the Donate…

Nasdaq Futures Exchange confirms CEO departure John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff Welcome to Movember. Time to stop shaving in the name of men’s health.~JJL CME Group in October raised more than $37,000 from their employees and broader community for their Fourth Annual Pink for a Purpose campaign. Their donations have raised more than $37,000 to fund the early prevention and detection of breast and ovarian cancer. When you combine that amount with their corporate gift, more than $137,000 will be directed to @bebrightpink and over $15,000 will go to @CR_UK.~JJL The 2019 Options Industry Conference registration is now open! You can network with over…

U.S. Market-Manipulation Cases Reach Record John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Happy Halloween from the JLN Staff.~JJL ICE’s third quarter earnings showed net revenues of $1.2 billion, with data and listings generating $642 million of it.~JK All your life you will be associating with people of other beliefs and customs. It is your duty to respect these people for their beliefs and customs, and to live your own. From the Boy Scout Handbook in 1948.~JJL The Consolidated Audit Trail NMS Plan participants published the final technical specifications on Tuesday (link is to the full PDF). It’s 175 pages. Luckily, the participants also released a…

Virtual assets and financial crime now go hand in hand John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff NIBA is offering FREE membership in continuation of its 25th anniversary celebration; however, this offer will be discontinued after November 30th. On Wednesday, I am going to down to Pullman to meet one of the people driving the redevelopment activities there. You can read about “Pullman’s Renaissance” in this story from Chicago Magazine. My wife’s stepfather’s family lived near Pullman, and a step-uncle and step-great grandfather worked for Pullman.~JJL Did you catch The Spread this week? This scary October themed episode actually featured special effects, as we conjured Spencer Doar‘s ghostly presence at…

Paul Volcker, at 91, Sees ‘a Hell of a Mess in Every Direction’ John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff It is a somber morning in October, given the terrible shooting news in Pittsburgh, PA over the weekend.~JJL In the Best Execution 10th Anniversary edition, there is an interview with Cathy Lyall, co-founder of Seismic Foundry.~JJL Cult Wines is hosting a brief Fine Wine Investment Seminar, November 12, 2018 at 4:15 pm to 5 pm at the JW Marriott, 151 W. Adams St. in Chicago: Profitable Passion: An Introduction to Fine Wine as an alternative asset class is a detailed overview of how an investment in fine wine could benefit your overall portfolio….

U.S. Banks Make Hay of European Trading Rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The winner of the Innovator of the Year Award at FIA Expo 2018 was FreightWaves, the company that is creating the first Trucking Freight Futures contracts to help bring hedging to transportation costs, primarily for agricultural companies. Congratulations to the company and to its founder, Craig Fuller. Interestingly, this is the second year in a row that the winner was an “agtech” company (last year’s winner was Tellus Labs). It’s also the third year in a row that Chuck Mackie has correctly predicted the winner.~SR Speaking of Chuck Mackie, here is his writeup…

US threatens to bar EU banks from exchanges John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff FIA Expo, which began Wednesday, is an international conference, with participants coming to Chicago from all over the world, so of course Brexit and reconciliation of EU and US rules were big topics. CFTC Chairman Christopher Giancarlo woke up the crowd when he criticized the EU’s planned EMIR amendments, calling them “unprecedented and wholly unacceptable.” He said he hoped to be able to negotiate changes, but held out the threat – if that doesn’t work – of stopping EU banks from using US exchanges. ~SR The Exchange Leaders panel was lively, with Nasdaq…