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Tag Archives: Goldman Sachs

NSE derivatives accessible to US clients; Shanghai copper options; Fresh vol bets Newsletter,Options

Observations & Insight Michael Lewis’ Wall Street Movie ‘Flash Boys’ Heads to Netflix Dave McNary – Variety Netflix has acquired movie rights Michael Lewis’ real-life financial drama “Flash Boys: A Wall Street Revolt” — a project that had been in development at Sony Pictures in 2014. bit.ly/2rTNoOS *****SD: Tagline – “Based on a book that made market makers start calling themselves electronic liquidity providers.” Lead Stories NSE derivatives access to US clients enabled Times of India The National Stock Exchange of India (NSE) on Friday said it has become the first Indian stock exchange to be part-30 exempted by the…

Crypto Markets News from John Lothian News – May 15, 2018 Americas,Blockchain,Blog,Commentary,CryptoMarkets,Exchanges, OTC & Clearing,Fintech,Tech / HFT

crypto markets update 2

Notes from Day One at Consensus By Chuck Mackie – JLN If you had any doubts about the swelling surge of interest in cryptoassets, you only had to try and check in to [[https://www.coindesk.com/|Coindesk’s]] [[https://www.coindesk.com/events/consensus-2018/|Consensus conference]] in midtown Manhattan around mid-morning on Monday. The line snaked its way back and forth through the 2nd floor lobby, down the escalator and out of the front door of the hotel, and it took up to two-and-a-half hours for the reported 7,700 attendees to check in for the event. Consensus began four years ago with 500 true believers in attendance, grew to 1,500…

Crypto Markets News from John Lothian News – May 11, 2018 Blockchain,CryptoMarkets,Fintech

crypto markets update 2

Cryptocurrency Exchange Upbit Raided by Korean Authorities Shinhye Kang and Heejin Kim – Bloomberg South Korean prosecutors raided the offices of Upbit, one of the world’s largest cryptocurrency exchanges. Authorities searched the exchange’s offices on Thursday and Friday, according to an official from the Seoul Southern District Prosecutors’ Office, who asked not to be identified citing office policy. She declined to provide further details of the raid, which was first reported by the Korea Economic Daily. https://jlne.ws/2wxuItJ Cryptocurrency Trading Platform Launches First Regulated Ethereum Futures Michael del Castillo – Forbes So, you think Ethereum is a crock? Later today you’ll…

A Goldman Trading Desk That Once Had 500 People Is Down to Three John Lothian Newsletter,Newsletter

trading desk

First Read Hits & Takes JLN Staff The Wall Street Journal’s Did Chicago Exchanges Muscle a Rival Out of Town? A Jury May Soon Decide yesterday was the most read story of the year on JLN. Names to remember not included in the story are: Rudolf Ferscha, Michael McErlean, Andreas Preuss, Harris Brumfield and Satish Nandapurkar.~JK NFA is seeking an Analyst of Financial Analysis and Surveillance for NFA’s New York Compliance Department. The Analyst is responsible for supporting NFA’s regulatory programs through financial surveillance of Members, with an emphasis on the managed funds sector, investigations and Member services.~JJL Information on…

OCC Volume Up 15 Percent in March; Vol’s Bite; Goldman’s Vol View Newsletter,Options

Observations & Insight March 2018 Options Exchange Marketshare via OCC Lead Stories OCC Cleared Contract Volume Up 15 Percent in March OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in March reached 442,945,572 contracts, a 15 percent increase from March 2017. OCC’s year-to-date volume is up 32 percent with 1,400,345,396 cleared contracts in the first quarter of 2018, compared to 1,058,670,212 contracts in the first quarter of 2017. /jlne.ws/2GJUrmT ****SD: It will be nice to have volatility and increased activity to talk about at OIC this year. Volatility’s Bite Returns Ginger Szala…

Top Regulator Worries About Crypto Market Manipulation; CFTC ‘astounded’ as Congress prepares to cut budget John Lothian Newsletter,Newsletter

First Read Congressional CFTC Budget Decision Lacks Vision and Reason John Lothian – JLN A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million to…

Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year’s End John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Last week the European Commission announced a “Fintech Action Plan” aimed at helping crowdfunding platforms, like initial coin offerings, in the EU.~JK On Friday, the CME officially got out of the credit defaults swaps business, as the CFTC approved the transfer of open interest to ICE Clear Credit.~JK You might not know Madelyn La Salle, but you’ve probably seen her likeness. Artist John Storrs used the then 14-year-old as the model for his six ton aluminum statue of Ceres on top of the Board of Trade building. How’d they meet? Storrs saw her…

Dash Buyout; LJM-Wells Fargo lawsuit; Options-based funds study Newsletter,Options

Observations & Insight Bits for Weekly VIX/SPX Expiration Day Spencer Doar – JLN The Onion had a good title for Gary Cohn’s resignation – Gary Cohn Resigns In Protest Of Trump’s Bigoted Comments Towards Aluminum. If you’re wondering when this trade war could kick off – who isn’t? – Axios is reporting that Trump wants to announce tariffs tomorrow and the White House said “this week.” Cboe released an update of its white paper on options-based funds. The 105 options-based funds focused on in the study have AUM of $38.1 billion. Some $8.5 billion of that total comes from the…

Off-hour Earnings and Options; Swedish Bank Bosses Escape Options Blow-up Blame; HFT Tales Newsletter,Options

Lead Stories How Do Traders Respond to Off-Hour Earnings Announcements? Based on the research of Matthew R. Lyle, Christopher Rigsby, Andrew Stephen and Teri Lombardi Yohn – Kellogg School of Management at Northwestern University On Wall Street, “business hours” aren’t quite what they seem. The opening bell of the New York Stock Exchange rings at 9:30 a.m. Eastern, and the closing bell sounds at 4 in the afternoon—yet 95 percent of publicly traded companies announce their quarterly earnings outside of those official hours. jlne.ws/2qrxvSw ****SD: Basically, people are slow to react to earnings announcement the further they are from normal…