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Tag Archives: Goldman Sachs

Crypto Exchange Kraken Is Laying Off 57 Employees John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff AFM Chairman Pat Kenny asked me to plug the AFM Autumn Workshop, Current Technologies and Market Trends, in London on September 12, 2018. The workshop will look at the impact that blockchain and cryptocurrencies are making in established markets and processes. Registration is HERE.~JJL I really liked Tim McCourt’s message from his MarketsWiki Education World of Opportunity presentation: always keep learning. Nice job, Tim. Thank you for participating.~JJL Cumberland, part of DRW, has done a rebranding.~JJL FINRA has published an article, “Here’s How to Avoid Crypto Stock Scams.~JJL Yesterday’s top story about TT…

Regulators club together to form global ‘fintech sandbox’ John Lothian Newsletter,Newsletter

First Read Joe O’Neill, New York Commodity Exchange(s) Executive, Passes Away By John Lothian Longtime New York commodity exchange executive Joe O’Neill passed away on August 4, 2018 at the age of 74. This plain statement tells little of a life lived in the most colorful of times in New York commodity exchange history or a career that included launching the first financial futures (before CME/IMM by 2 years), the creation of the Dollar Index Contract (with the help of Paul Tudor Jones) and being the consultant for the futures trading aspects of the script of the hit movie “Trading…

The NYSE’s Owner Wants to Bring Bitcoin to Your 401(k) John Lothian Newsletter,Newsletter

First Read The Mothering Type: JPX’s index suite shows strong July numbers and new-contract growth By Jim Kharouf It’s been a solid year for exchanges, with some welcome volatility and enough economic moves to keep it interesting. Those are common themes most markets have been able to capitalize on, and the Japan Exchange Group is well in that mix. July futures volumes showed some solid strength across its index suite with its Topix futures up 22 percent in July with an average daily volume of 1.15 million contracts. Its Nikkei 225 futures volume rose almost 40 percent for the month…

A former Goldman Sachs exec is joining a crypto-trading firm as it eyes a major global expansion Blog,CryptoMarkets

crypto markets update 2

A former Goldman Sachs exec is joining a crypto-trading firm as it eyes a major global expansion Frank Chaparro – Business Insider Circle, the cryptocurrency exchange operator, has snagged a former Goldman Sachs executive to help navigate the murky regulatory waters as it expands globally, Business Insider has learned. /jlne.ws/2AdGMCg Bitcoin Bounces as Traders Seek Silver Lining in SEC ETF Denial Olivia Schaber and Rachel Evans – Bloomberg Dissenting SEC Commissioner Peirce reiterated support for ETF; Peirce was outvoted 3-1 when regulator rejected the fund Cryptocurrency traders don’t know who to believe in the long-running battle to create an exchange-traded…

Liquidity concerns to fuel vol; CTC expands; Sebi’s derivatives rules Newsletter,Options

Lead Stories Goldman Warns of Liquidity-Fueled Sell-off After ‘Volmageddon’ Tracy Alloway – Bloomberg (SUBSCRIPTION) Weakened liquidity might have set stage for volatility surge; February event stands as warning to consider hedges: Goldman More than five months after February’s so-called volmageddon, the causal connection with a sudden slide in U.S. equity liquidity is only now becoming clear, according to Goldman Sachs Group Inc. /goo.gl/usP89x ****SD: Seems to be the bank concern de jour – the below story regarding Morgan Stanley’s research is also about liquidity. The Heisenberg Report has more on the notes here. Volatility highest since financial crisis, Morgan Stanley…

Derivatives trader carousel continues; Vol begs volume in June Newsletter,Options

Observations & Insight The Spread – Playing Ketchup – 7/19 JohnLothianNews.com As there was no installment of “The Spread” last week, we added a brief lightning round to the end of this week’s options news recap. This week’s episode also features celebrity appearances by Mr. Bill and the Kool-Aid Man. Watch the video and see the stories referenced here » ++++ TGIF Miscellany Spencer Doar – JLN According to Tabb’s Options Liquidity Matrix, the year-to-date volumes of all five U.S. options franchises (Nasdaq, NYSE, Cboe, MIAX and BOX) are beating 2017 volumes. HKEX’s USD/CNH Options hit a record high with…

Trump’s Defense of Putin Too Much for Some Republicans; U.K.’s May in Brexit Turmoil John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The word of the day in the United States is: Treason.~JJL On Saturday, WGN Television held a Trading Tech 300 session with Demetrius Ivory teaching the weather merit badge to a group of Boy Scouts and one girl STEM Scout. At the class we learned what a CME is in the world of weather. A CME, or coronal mass ejection, is a significant release of plasma and magnetic field from the solar corona. They often follow solar flares and are normally present during a solar prominence eruption. ~JJL Later this week Advantage Futures…

JPM sees signs of VIX fix working; Goldman’s new team; BNY’s FX options Newsletter,Options

Observations & Insight The Curve Spencer Doar – JLN One of yesterday’s top stories was Bloomberg’s Rare Shift in ‘Fear Gauge’ Shows Depth of Market Angst. At the time we published, the front month July VIX futures contract traded higher than August by more than .5 – defying the curve’s normal contango. However, that is a far cry from when the whole curve went into backwardation after the early Feb blowup and by the end of Monday that inversion was down to .08. By the time of publishing, that particular kink in the curve went away. Today’s open plotted with…

Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel at their own game John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC’s rebranding video has a very “Birdman”-esque percussion accompaniment. (But then again, I’m a biased drummer.) The full lowdown on the OCC’s rebranding can be found here.~SD FIA is a recruiting a new director of compliance and regulation for its European policy and regulation team in London. The new hire will replace Robert Barnes, who is leaving his role as director of regulation later this summer to rejoin the UK regulator, FCA, as part of its Brexit team. Rob originally joined FIA in 2013 from FCA, where he had been part of the…