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Tag Archives: high frequency trading

JPM’s $65m ISDAFIX fine; EU HFT rules; Blockchain for margin and collateral? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MontrÈal Exchange announced new futures on exchange-traded funds (ETF) and trust units are now available.~JJL The European Banking Authority released its 2017 annual report. A few of the key areas earmarked for extra focus in 2018 are: preparation for Basel III implementation, improving credit risk modelling, developing a common framework for non-performing loans, and third-country equivalence.~SD According to a recent study from FTSE Russell, “the green economy represents 6 percent of the market capitalization of global listed companies, approximately US$4 trillion.” That’s roughly the same as fossil fuels. ~SD Bank of Canada…

JLN Options: ’50 Cent’ Returns; Clinging to Risk; Central bank activity Newsletter,Options

Observations & Insight Miscellany for Thursday The new edition of FIA’s MarketVoice is available online. FANG+ Options went live at NYSE on Monday. Trade Alert is now live with VIX futures info. We started rolling out videos from FIA IDX. First up was ICE Europe’s Stuart Williams. Speaking of videos, we released a video with CME Group’s options head Derek Sammann where he talks about the franchise’s continued growth. In case you missed it, Robinhood’s options trading business is apparently booming. ++++++ None of Us Understand Probability RCM Alternatives This week kicks off the World Cup, and while the U.S….

U.S. Launches Probe into Bitcoin Price Manipulation; Fed to consider Volcker Rule modification John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Word has it that Kraken is about to open an office in Chicago, following a move by Coinbase aimed at attracting institutional customers to their exchanges.~JK The tZERO and BOX Digital Markets deal announced Tuesday could completely disrupt the venture capital and capital raising space, Patrick Byrne, CEO of Overstock.com, the parent of tZERO, told me. More to come on that next week.~JK ALTSO’s Rocktoberfest London event is right around the corner – June 6.~SD A quick note on the Italian bond futures story yesterday, Italy Rout Wipes Five Billion Euros From Bond…

FX volatility hopes; $100 a Barrel Oil Wager Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – NYSE’s Ivan Brown Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Ivan Brown, NYSE’s head of options, talks about launching options on the FANG+ index, implementing a complex price improvement auction mechanism, and the resiliency of U.S. options markets. Watch the video here » ****SD: See the press release in our “Exchanges” section for more on the FANG+ offering. ++++++ Italy Rout Wipes Five Billion Euros From Bond Futures Market James Hirai – Bloomberg The sell-off in…

OCC 2017 Total Contract Volume 3rd Highest Ever; Markets must prep for more volatility Newsletter,Options

Lead Stories OCC 2017 Total Cleared Contract Volume Up Four Percent, Third Highest Volume Year Ever OCC OCC, the world’s largest equity derivatives clearing organization, today announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a four percent increase from the 4,167,747,777 cleared contracts in 2016. December cleared volume was 346,006,092 contracts, up three percent from December 2016. OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32 percent increase from 2016. /goo.gl/dnQLzH Markets must prepare for more volatility; Never before have central bank balance sheets been so large…

Europe begins countdown to Mifid II; How high-frequency trading hit a speed bump John Lothian Newsletter,Newsletter

First Read Hits & Takes By John J. Lothian Welcome to 2018! Today we begin work on invoicing readers of this newsletter and their firms for the 2018 subscriptions. If you would like to receive a firm or individual invoice, please contact me directly at johnlothian@johnlothian.com Thank you to all of our loyal subscribers who have helped support this newsletter, now in its 18th year. You have allowed us to grow our offerings to continue to help you, the industry and beyond understand our markets. At John Lothian News we believe in market-based solutions for the problems facing the world….

US exchanges to face lawsuit over dealings with HFT; TCI fails in bid to oust London Stock Exchange chairman John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Hamilton’s Report on Manufactures: Hamilton reasoned that to secure American independence, the United States needed to have a sound policy of encouraging the growth of manufacturing and ensure its future as a permanent feature of the economic system of the nation. @Wikipedia~JJL Beware – next time you’re surfing around the internet, you might be the victim of “cryptojacking”, websites that “hijack” your CPU to mine a particular cryptocurrency (though not bitcoin as that mining now requires specialized, higher power hardware). The folks at Merriam-Webster better be taking a lot of notes on all…

DRW leads high frequency trading charge into cryptocurrencies; EEX and CBEEX partner for carbon market development in China John Lothian Newsletter,Newsletter

First Read Hits & Takes The European Energy Exchange is quietly turning into a global commodities market. Just months after buying the Nodal Exchange, the US power market, it signed a memorandum of understanding with the China Beijing Environment Exchange (CBEEX). MOUs are generally not much to talk about and this one may fall into the file with most of the others. But in the off chance it becomes a partnership, it could open the European and Chinese carbon markets to one another – creating a massive opportunity for traders looking for a burgeoning market to trade. China’s president Xi…

SEC nomination; Trouble for fastest traders; The death of stocks has been exaggerated John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Our friends at Deutsche Boerse Group have produced a video posted to Youtube titled “Brexit explained in simple terms”~JJL Do you know BOAT Services? The Cinnober subsidiary just received FCA approval to publish your firm’s post-trade reports – it’s a MIFID II thing. BOAT Services has more than 350 customers.~JK Retired FIA President John Damgard is today’s featured speaker from this summer’s MarketsWiki Education World of Opportunity series in Chicago.~JJL The Realization Group and Software AG is hosting the second in a series of roundtable discussions on Digital Excellence in Banking and…