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Building a Foundation – JB Mackenzie Feature,MarketsWiki Education,MWEd,Video,video

“Ask yourself if you’d be interested in an operations or compliance job. Because that gives you a foundation to help you excel.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, JB Mackenzie, director of futures and forex at TD Ameritrade, talks about the importance of understanding every detail about the technology influencing your industry of choice and how it can be a useful springboard for a successful career.   Mackenzie went to college in hopes of becoming a doctor, but after taking organic chemistry, he realized it wasn’t for him. He went into consulting in New…

There’s Nothing New Under the Sun – Dennis Dutterer Feature,MarketsWiki Education,MWEd,Video,video

“I had developed in my mind a bit of an internal checklist – things I looked at and thought about, regardless of the project I was working on.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Dennis Dutterer, an independent financial services consultant and long-time futures industry executive, spoke about overcoming everyday challenges in the financial industry. Using a plethora of historical examples, Dutterer laid out his three step system he said can be used to solve most problems in today’s world. By gaining know-how, learning from past experiences and thinking outside the box, Dutterer…

The Snowballing Power of the VIX, Wall Street’s Fear Index; Wall Street’s self-regulator allows safe havens for tainted brokers; Trump Team Proposes Broad Rethink of Financial Rulebook John Lothian Newsletter,Newsletter

First Read Line-up for MarketsWiki Education Series in NY and Chicago By John J. Lothian We have set the line-ups of speakers for the MarketsWiki Education series in New York and Chicago. Here is the list of the speakers and the days they will be presenting. On July 11 at Nasdaq’s Marketsite location we will have Gary Barnett (SEC), Larry Tabb (Tabb Group), Jennifer Nayar (Vela Trading Technologies), Thomas Ascher (formerly ISE), and Morgan Slade (Cloud Quant). On July 11 at the second session at Nasdaq, we have Gregg Doud (Commodity Markets Council), Henry Schwartz (Trade Alert), Joe Gits (Social…

Time to Close the Asset Class Ban Loophole Blog,Commentary,Investing & Trading,Mwiki,ReformWiki,Regulation,Regulation & Enforcement

Corzine and his ilk Should be Banned Across All Asset Classes Note: A correction to this story has been posted here. The NFA and FINRA to recognize the bans of other regulators. With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is…

Bill Brodsky’s Pioneering Career: An Industry Innovator Looks Back Feature,Video,video

Bill Brodsky has been a fixture of the derivatives markets for the better part of 50 years — at the (then) American Stock Exchange, CME and CBOE. He recently stepped down from the CBOE after two decades as the CEO and then chairman of the exchange. At each stop, Brodsky ushered in periods of change. He helped put AMEX on the options map in the ’70s; oversaw the launch of the electronic trading system Globex and of options on futures as CEO of the CME; and as CEO of the CBOE, took the exchange public and helped the birth of…

Two Trading Heavyweights Lead CBOE Into the Future of Futures; Wall Street’s New Favorite Way to Swap Secrets Is Against the Rules; Improving your chat; Instant messaging technology got a bad rep during the recent rate fixing scandals John Lothian Newsletter,Newsletter

CBOE

First Read I [Blank] Surveys: But You’ll Love This One For the past month, we’ve been pushing, coaxing and cajoling you, our valued readers, to fill out our annual survey. We’re coming to the end of this drive here and would truly appreciate three minutes of your time to give us your feedback on what you like and don’t like, and would like to see from us. It does make a difference. And if you fill it out, you could win an Amazon Echo, which answers just about everything but cannot take our survey. Here’s the link to the survey….

JLN Exchange Leader Series 2017: Nasdaq’s Friedman on New Tech and Positive Momentum Feature,Video,video

Nasdaq opened a new chapter  in 2016 when 13-year-tenured CEO Bob Greifeld retired, handing the reins to longtime executive Adena Friedman. Friedman became CEO of the exchange group in November, but that was far from the only big move made by the company last year. There were three primary areas of strength for Nasdaq in 2016, the first being the development of its new generation of infrastructure technology, Nasdaq Financial Framework, which, among other functions, incorporates blockchain, machine learning and cloud services. The second strength was Nasdaq’s successful year of listings. It garnered 87 percent of the technology industry’s offerings…

JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint Feature,Mwiki,Video,video

CBOE Holdings arguably had its biggest year in history in 2016 with the purchase of Bats Global Markets for $3.2 billion. The deal expanded CBOE’s footprint in the securities space in the US and in Europe, plus forex as well. It also provided a new technology platform to keep CBOE competitive. “It’s taking this unique product set and distributing it across a much broader geography with a much more diverse business development platform,” said Ed Tilly, chairman and CEO of CBOE. “So we’re going to leverage that presence in London.” Next, CBOE is turning its attention toward the migration of…

Hunting for Dirty Deeds in the $34 Trillion U.S. Futures Market; Clearing houses saddled with ‘too-big-to-fail’ tag; ASX’s blockchain may mean job losses John Lothian Newsletter,Newsletter

First Read Odds & Ends Jim Kharouf, JLN A busy day around Chicago yesterday. FIA held its Washington update lunch, where FIA President and CEO Walt Lukken told the audience that the pendulum on regulation is shifting back. He is hopeful that the new administration will adopt its recommendations for: smart regulation, open access to global markets and a focus on innovation from regulators. How this all comes about is still to be determined. We will have more from Walt soon on all three topics. Later in the day, I checked out the new trading platform from TastyTrade at the…