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Tag Archives: fx

NASDAQ’s Longfin options tangle; Creative FX trades; Manipulation talk Newsletter,Options

Lead Stories Now NASDAQ gets in a tangle Jamie Powell – Financial Times Last month we published a story on Longfin, a Nasdaq listed trade-finance company with a tenuous link to blockchain technology and hence an excessively high market capitalisation. To recap, FTSE Russell decided to add Longfin to its Russell 2000 and 3000 small-cap indexes. Index funds then bought shares for their various products. There was one problem though. /goo.gl/7p4WD7 ****SD: “Tomorrow, 26,951 of Longfin put options will expire, representing 2,695,100 shares as each options contract is for 100 shares. In other words, the rights to sell account for…

SEC Urges End to CAT standoff; Deutsche Boerse plans FX expansion; HKEX working with ASX on blockchain John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Our Page Of The Day yesterday was industry legend Robert J. O’Brien, who turned 100 years old yesterday. His contributions to the industry and interviews with Mr. O’Brien were documented in the RJO O’Brien Centennial Video about the firm’s own 100 year anniversary in 2014, a video produced by John Lothian Productions.~JK Longtime accounting and back office professional Mark Connelly has left the futures industry. He started a new position as senior vice president – operations for All Clean Services responsible for running the Midwest Region. His responsibilities include managing and growing the…

Third Barclays FX Trader Faces Charges in Scandal; Cboe update; Prop consolidation Newsletter,Options

Observations & Insight You Can’t Rain On Our Parade: Cboe’s Big 2017 Includes Bitcoin Futures. Can It Overcome Regulatory, Margin and Volatility Headwinds? Jim Kharouf – John Lothian News To hear Cboe Global Markets Chairman and CEO Ed Tilly tell it, his exchange group is firing on all cylinders and adding new ones to the engine. The exchange boasts the top US equity options market and has a lock on volatility products with the VIX futures and options and related exchange traded products. Cboe now has the top pan-European equity market and the second ranked US stock market, as well…

Hudson River to acquire Sun Trading as HFT continues to contract; What Could Kill the Bitcoin Boom; BitConnect Closes Exchange as States Warn of Unregulated Sales John Lothian Newsletter,Newsletter

First Read You Can’t Rain On Our Parade: Cboe’s Big 2017 Includes Bitcoin Futures. Can It Overcome Regulatory, Margin and Volatility Headwinds? Jim Kharouf – John Lothian News To hear Cboe Global Markets Chairman and CEO Ed Tilly tell it, his exchange group is firing on all cylinders and adding new ones to the engine. The exchange boasts the top US equity options market and has a lock on volatility products with the VIX futures and options and related exchange traded products. Cboe now has the top pan-European equity market and the second ranked US stock market, as well as…

Bitcoin Futures Prices Fall in CME Debut; Why the Germans are right about economics John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff RJO has shot a holiday video featuring Gerry Corcoran and some of their staff. They even sang “Santa Baby,” featuring employees from across the organization. ~JJL Interesting, or a yawn? Day one futures volumes in Bitcoin at CME totalled 1,088 contracts with open interest of 233. Cboe posted volume of 4,127 contracts on its first day, a wild price day and 1179 in the January contract yesterday. ~JK You can make a donation to your favorite charities by using Amazon Smile when you buy items from Amazon. Go to Smile.Amazon.com.~JJL The New…

The Pound’s Brexit Test; FX Flash Crashes; Basel Rules Newsletter,Options

Observations & Insight Sunday, Sunday, Sunday Spencer Doar – JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers – not sure of the specifics, but he used ESPN’s point predictions versus actual performance – and his calculations showed that my abhorrent results were nearly three standard deviations outside the norm. I would not have found this nearly as amusing before I started covering the options space and following earnings seasons. Bottom line, that frees up some of Sunday night. Good…

Automation in FX markets; Giancarlo warns EU to stay off clearing turf; Rolet’s awkward departure John Lothian Newsletter,Newsletter

First Read ABN AMRO Loves Fidessa By John Lothian – JLN The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC . He is driving this installation and rollout of Fidessa’s systems at ACC. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said…

SEC’s Edgar System Hacked; Neuberger Berman acquires Breton Hill; S&P Cuts China’s Credit Rating John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The LME Metals Seminar is fast approaching, and it’s set to be one of the best yet. What’s in store for the flagship event of LME Week? You can see the full agenda HERE. Or you can register, HERE.~JJL Exchange Analytics is offering a new Anti-Money Laundering training course. You can see a preview video HERE.~JJL A Leg To Stand On is extending its buy three get one free deal for its Chicago Rocktoberfest event on October 5 at City Winery. Just enter the name Lothian in the promo code for your…

NYSE Wants Delay on End-of-Day Co. Announcements; T+2 Settlement; Banks join forces to create digital currency John Lothian Newsletter,Newsletter

First Read Hits & Takes Today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago is Michael Patak of TopstepTrader.~JJL The very last page of Deutsche Boerse‘s 425th anniversary pamphlet covering its chronology from 1585-2010 simply says “Part 2 of this booklet will be published in the year 2435.” Who says the Germans don’t have a sense of humor? ~SD Did you know that Megan Morgan of Eurex created a charity named “One Refugee Child” to help give out strollers to refugees on their migration?~JJL If you would like to see a man hold a Starbucks coffee…