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Tag Archives: Goldman

Goldman’s Next Step For Post-Blankfein Era; Buy-side voluntary clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Since I will not be at the final day of MarketsWiki Education World of Opportunity on August 2, the JLN team will take turns introducing the speakers that day. Sarah Rudolph, Spencer Doar, Jeff Bergstrom and summer intern Robby Lothian will take turns. I will be in a hospital bed recovering from hip replacement surgery.~JJL For the first time in over 10 years, I will not be attending Boy Scout summer camp. My hip to be replaced the next week is too much to handle while living in a tent for a week.~JJL…

Binary options are dead; Heat wave slowing markets; LCH’s record first half John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Sunday members of the JLN team head to New York for the summer’s first sessions of MarketsWiki Education World of Opportunity. On Monday we are at Thomson Reuters in Times Square for one session. On Wednesday we are at Nasdaq for two sessions. The details of the events and sign up information is available HERE. Don’t forget to sign up your interns or send your college age children. On Tuesday, Nasdaq is hosting two sessions of Trading Tech 300 and Nasdaq’s Allan Schoenberg will be teaching a merit badge workshop on the Public…

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

Swaps Rules Due for Overhaul – CFTC; Ex-UBS Trader Beats Spoofing Charge John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Andreas Preuss and Jeffrey Tessler have been replaced on the Deutsche Boerse AG Executive Board. Thomas Book, Christoph Bohm and Stephan Leithner have been appointed to the board.~JJL Yesterday’s Fintech Exchange, hosted by Barchart, kicked off with with the Startup Exchange Competition – 16 start-ups introducing their innovative companies. PanXchange won the competition, for its technology and approach to raw commodities. The company listed frac sand in October 2017. Second went to Coinifide, a start-up that is building a trading education and trading platform for cryptocurrency markets. Third place went to Freight Exchange,…

Short vol losses a cautionary tale for using leverage; EU probes UK tax treatment of commodity derivatives; Bull market birthday Newsletter,Options

Observations & Insight Miscellaneous Notes for March 9 Spencer Doar – JLN A chunk of the JLN crew will be down in Florida for FIA Boca from Monday through Friday. We have a ton of content lined up with all sorts of finance and technology luminaries – the next month is going to be a torrent of insight and perspective from all corners of the industry. If you are not around, the FIA will be broadcasting some of the key sessions with recordings available after the fact. Just go to FIA’s Boca page. Speaking of next week, our episodes of…

Cboe approval shakes up stock market’s closing auction; Euronext Acquires InsiderLog; Goldman Is Worth Less Than Morgan Stanley for the First Time in a Decade John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC total cleared volume topped 30.3 million contracts on January 16, the first time since January 2016. Total cleared futures volume at OCC was the fourth highest ever, at 1.1 million contracts.-via Twitter~SD Peter Lenardos, who served as a managing director at RBC Capital Markets for the past seven years, left the company last week. The well-known analyst, who covers exchanges and other publicly traded firms in the financial services area, will be pursuing other opportunities. His deputy, Elliott Broadbent, is believed to have left as well.~JK Cboe did have record volume Tuesday…

Fed plan threatens FCM capital jump; Shorting vol; Macquarie leapfrogs Goldman Newsletter,Options

Lead Stories Fed G-Sib plan threatens 50bp jump in FCM capital Louie Woodall – Risk.net A below-the-radar move to tweak the way the US Federal Reserve assesses systemic risk could force banks to raise billions of dollars in extra capital to support their client clearing businesses, critics claim. A rule change proposed by the Fed on August 24 would require banks to include all cleared derivatives transactions in its Banking Organization Systemic Risk Report, known as FR Y-15. The report is used to calculate the capital surcharge for the eight US global systemically important banks. The new reporting requirement would…

CFTC, Chicago trading firm reach $2.5 million ‘spoofing’ deal; Chicago futures firm 3Red Trading to pay $2.5m spoofing fine; Goldman, JPMorgan to invest in blockchain startup Axoni John Lothian Newsletter,Newsletter

First Read Tim Edwards, S&P Dow Jones Indices – The Relative Importance of Skill, Conviction and Blind Luck in Beating the Market MarketsWikiEducation.com “I believe that the next big trend in our industry is going to be far more customized, far more bespoke, and it’s all going to be available at low cost because of technology.” When Google was readying for its IPO in 2004, employees were given educational courses in finance and investing. Then senior vice president Jonathan Rosenberg was worried that Google employees — many soon to be minted millionaires — would be taken advantage of by all…

Historic Risk Management Rules and Practices Go Live on March 1, 2017 in Leading Markets; Clearing houses not “too big to fail” – CFTC; Goldman Tells Stock Pickers to Rejoice as Correlations Decline Newsletter,Options

Lead Stories Historic Risk Management Rules and Practices Go Live on March 1, 2017 in Leading Markets Seyfarth Shaw LLP – JDSupra For the first time in the history of derivatives, regulators in leading markets will require assets to collateralize many derivatives which are not settled in a regulated clearinghouse. It is not possible to overstate the significance of this global regulatory development, which began to take effect in the United States on September 1, 2016, and will continue to apply in 2017 in several industries domestically and across national borders. jlne.ws/2h3sWEV Clearing houses not “too big to fail” –…