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Tag Archives: Goldman Sachs

BTC Futures Coming From Team That Rebounded From Epic Snafu; Big banks not willing to support BTC futures John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The @JohnLothian Twitter account received 65,120 original impressions yesterday, which is a record for the last 28 days. My LinkedIn profile searches are up 48% for the week.~JJL Yesterday I attended an event hosted at the Art Institute of Chicago by RBC Global Asset Management about responsible investments. The speaker and panel discussed ESG investing, which I did not know about. ESG stands for Environment, Societal and Governance. Later in the day I was able to apply what I learned during a meeting of the endowment committee of my church, of which…

CFTC Opens Way to Bitcoin Futures; More Bitcoin; Brexit May Leave Banks on the Hook for Impossible Contracts John Lothian Newsletter,Newsletter

First Read Putting on My Broker Hat About Bitcoin By John J. Lothian, JLN Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks ago, a former employer I have not seen in 10 years called me out in Coindesk.com for my bitcoin qualms. At the dinner table my son Robby opened up about owning not just bitcoin, but bitcoin cash, ether and monero. This is a full-fledged mania….

Deutsche Boerse says about 20 banks join its clearing programme; Goldman Sachs has struck a deal with Bloomberg to help its stock trading business; CME says bitcoin futures coming this year, but date not set John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff My former employer from my First American Discount days back in the 1980s, William Mallers, Jr., opined on a recent email exchange he had with me about bitcoin on the Coindesk website. Bill has traded bitcoin since 2013 and is a big supporter of the crypto-currency. ~JJL NFA was named among the Dave Thomas Foundation for Adoption’s Top 100 Adoption-Friendly Workplaces in 2017. ~JJL The market cap of all companies listed on HKEX’s #HK markets hit $33.5 trillion today, setting a new all-time record. ~JJL HKEX is sponsoring “Realising the China Opportunity”…

Bitcoin issues; No CAT Delay; Goldman ready for vol Newsletter,Options

Observations & Insight The Bitcoin Exchange That CME Plans to Use for Futures Is Down Camila Russo – Bloomberg This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues. jlne.ws/2AIefQY ****SD: Not good. But this is partially why CME gathers pricing data from multiple other trading platforms – GDAX, itBit and Bitstamp. Here’s the methodology for CME’s CF Bitcoin Reference Rate (BRR) and CME CF Bitcoin Real Time Index (BRTI). To understand how a “down exchange” dynamic can play out,…

Goldman and JPMorgan lead in equity derivatives; Harvest Vol Mangement profile; Spot Trading layoffs Newsletter,Options

Observations & Insight 30 Under 30 Finance: The Top Young Traders, Dealmakers And Big Money Innovators Antoine Gara, Lauren Gensler, Kristin Stoller and Nathan Vardi – Forbes The Wall Street landscape is becoming younger, digitized and more entrepreneurial. Technological and innovative forces are reshaping the world of money and they can be seen on this year’s Forbes 30 Under 30 Finance list. jlne.ws/2AG3pe9 +++++ Well You Did Ask… Highly Evolved Vol We recently moved into some new offices in a co-working space. I love it. It makes admin tasks so much easier. There is free coffee. The staff is friendly…

Goldman exits options market making; Historic volatility; SocGen struggles Newsletter,Options

Lead Stories Goldman Sachs to Withdraw From Part of U.S. Options Market Brian Louis – Bloomberg Will stop serving as a market maker on U.S. exchanges; Traders struggling with high costs, low volatility in options Goldman Sachs Group Inc. will stop serving as a market maker on U.S. options exchanges, following others in exiting that business amid high costs, sluggish volume and low volatility. /goo.gl/hxa23m ****SD: WSJ here. What’s the tech angle? More bronze than gold? Other “Goldman struggles” news from Reuters – Goldman taps energy execs in bid to turn around commodities unit Historic Volatility Recently Dropped Below 1.7…

Goldman’s options retreat; ICE says not over-reliant on data sales; RenTech’s Mercer steps down John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Earlier this week, Philip Bergstrom, the brother of Jeff Bergstrom (CIO of John J. Lothian & Company, Inc.) passed away. Phil lived in California for most of his adult life, but grew up in Glenview, IL. Phil was also the step-brother to John Lothian’s wife Cheryl. We offer our condolences to the Bergstrom, Lothian and Howard families.~JLN Congratulations to Nasdaq CEO Adena Friedman, who was named as #20 on Forbes 2017 Most Powerful Women list.~JJL The annual energy consumption for Bitcoin transactions is now estimated at more that 24 TWh, which is…

Greed, for Lack of a Better Word, Is Taking a Big Hit Today; Federal Reserve’s Moves May Ignite Volatility Newsletter,Options

Lead Stories Greed, for Lack of a Better Word, Is Taking a Big Hit Today Cormac Mullen – Bloomberg One of the best performing trades this year reversed course Thursday as stocks fell and volatility bounced back. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before. jlne.ws/2xQUhkW Federal Reserve’s Moves May Ignite Volatility Wall Street Craves Goldman Sachs (GS) Predicts Bradley Keoun – TheStreet U.S. President Donald Trump’s tweets haven’t done it. North Korean leader…

“Unwarranted” G-SIB reqs; Scared of the CAT; Vol comeback welcome Newsletter,Options

Observations & Insight   Bitcoin rockets above $5,000 to all-time high Jemima Kelly – Reuters Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. jlne.ws/2yjA2jC ****SD: There will be plenty of crypto talk at FIA Expo next week, especially as exchanges progress with their nascent endeavors to launch crypto products. However, I still am not certain what percentage of people who talk about digital currencies/blockchain actually know what the heck makes…