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Interactive Brokers suffers $22m market making loss; Former Harvard Money Whiz Jack Meyer Tries to Regain His Edge; Dash Financial Technologies Names Ari House Chief Financial Officer Newsletter,Options

Lead Stories Interactive Brokers suffers $22m market making loss Hayley McDowell – The Trade The market making business at Interactive Brokers made a $22 million loss in the first quarter this year, as the firm moves forward with winding down its options market making services. Interactive Brokers explained the rate of continuing losses within market making had been ‘substantially reduced’ by the decision to shutdown options market making. jlne.ws/2oVW2wF ****SD: In case anyone thinks this was a sudden phenomenon, and in lieu of a graph of declining profits, I’ll point readers to an AmsterdamTrader post from 2010 titled “Timber Hill…

Moving to real-time: Jerry Hanweck looks at trends in the options world Feature,Fintech,Interview

Editor’s Note: For clarity, every reference to Hanweck regards the firm Jerry Hanweck founded, Hanweck. When referring to the individual after first reference, I simply use Jerry. Real-time risk management — it might not be sexy, but it’s wildly important. That’s the message from Jerry Hanweck, founder and CEO of Hanweck, a provider of risk management and options analytics tools. While real-time is a big focus for the firm, it is just one of many endeavors that Jerry and his team are working on. In a sit-down with JLN, he provided his thoughts on the difficulties presented by huge data…

CFTC Reproposes Position Limits, Adopts Aggregation Regulations; Some Thoughts by OCC on Risk Management; VIX Falls 14% But Futures Signal Market Turbulence in 2017 Newsletter,Options

Observations & Insight Challenging the Status Quo: Cinnober Aims To Break Into The Back Office Clearing Space Jim Kharouf – JLN There was a time when many thought there wasn’t really much of a market for full clearinghouse solutions with real time clearing and risk management. But in 2007 and 2008, Cinnober successfully pushed into the space and carved out a nice niche for itself, especially as the global financial crisis illustrated the intense need for such solutions. Now, the company is pushing into the established space of back office clearing for clearing member banks and brokers. That space is…