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Tag Archives: ICE

Bitcoin tumble; CurveGlobal readies fixed income push; Market rout; Robo-advisers crash John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff ICE’s NYSE FANG+ futures had record volumes on Friday last week with 7,884 contracts trading. That was one of three new record trading days last week, and average daily volume for the week was 3,278.~JJL Yesterday was the biggest one-day move for the VIX in percentage terms, up 115.6 percent.~SD Mark your compliance calendar for May 11! That’s the date on which compliance with new FinCEN Anti-Money Laundering rules (published May 11, 2016) is required. Courtesy of our friends at Exchange Analytics, who offer an AML course and more.~JJL CurveGlobal raised another £20…

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

Bitcoin and the Value of Financial Freedom; Atlanta’s Intercontinental Exchange seeks to trade bitcoin funds on NYSE John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Women in Listed Derivatives, an organization that promotes career advancement and professional relationship-building among women in the OTC & Listed Derivatives Industry, announced its North American board of directors for 2018. The five open board seats will be filled by: Katie Cleland, Elizabeth Cook, Caroline Gillard, Ellen Greene, and Leslie Sutphen. You can find the announcement HERE.~SR ADMIS is heading to the beach for their annual Introducing Broker conference. This year’s event was held in Clearwater Beach, FL.~JJL CQG hosting a Live Ask Me Anything Event today at 2:30 CT.~JJL Yesterday’s JLN Options…

Young CEO Reshapes 140-Year-Old Metals Exchange; ICE Completes Trayport Deal w/ TMX; America’s Inequality Is Sending the Dow Soaring John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Georgetown McDonough School of Business offers a new fintech class. John Jacobs, executive director of the school’s Center for Financial Markets and Policy, will teach the course along with Perianne Boring, founder and president of the Chamber of Digital Commerce.~JJL The 2018 World Inequality Report is out. Spoiler alert – income inequality is increasing in “nearly all world regions in recent decades, but at different speeds.” Lots of graphics to parse through. The charts comparing Western Europe’s top 1% vs the U.S.’s top 1% on page 8 are pretty stunning.~SD CME Group has…

Bitcoin futures start trading; IEX and LTSE team up; Another Deutsche Boerse leadership change? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff If you, too, want to help crash the Cboe website, or check out its bitcoin futures prices, you can click HERE.~JJL As of 7:20 AM Chicago time, 2918 contracts of Cboe bitcoin had traded.~JJL Breaking news: A pipe bomb exploded at the Port Authority Bus Terminal near Times Square. One person is reportedly in custody and he apparently was the only one injured.~JK Congratulations to the CME Group, which raised $186,000 for its Movember Foundation campaign, including its $125,000 corporate donation, to shine the spotlight on men’s health in the areas of…

The Pound’s Brexit Test; FX Flash Crashes; Basel Rules Newsletter,Options

Observations & Insight Sunday, Sunday, Sunday Spencer Doar – JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers – not sure of the specifics, but he used ESPN’s point predictions versus actual performance – and his calculations showed that my abhorrent results were nearly three standard deviations outside the norm. I would not have found this nearly as amusing before I started covering the options space and following earnings seasons. Bottom line, that frees up some of Sunday night. Good…

‘We may be stupid’ for waiting on bitcoin futures, NYSE owner says; New York Stock Exchange owner ICE holds back on crypto-futures; CME fee rises vex struggling high-speed trading industry John Lothian Newsletter,Newsletter

First Read Hits & Takes Tom Farley is just having too much fun as CEO of NYSE. He is making the most of the NYSE media platform. Yesterday he was hanging out with George Springer of the Houston Astros, the World Series MVP, on the floor of the NYSE with the World Series trophy.~JJL Net Neutrality Update: This all happened around Thanksgiving, but it is worth sharing that Comcast, which had promised not to block, throttle, or discriminate against lawful content, deleted that pledge the same day the FCC announced it would repeal net neutrality. A tweet @loresjoberg posted regarding…

US Treasury dealers accused of collusion; Bitcoin futures face safeguards; EEX acquires 100% of Powernext John Lothian Newsletter,Newsletter

First Read FANG+ Puts the UMPH Back into the Markets and Exchange Competition By John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

FANG+ Puts the UMPH Back into the Markets and Exchange Competition Blog,Commentary,Exchanges, OTC & Clearing,Financials,Interview,Investing & Trading,Mwiki

Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group resteal the Russell index complex from ICE, returning the contracts to the CME where they were  in 2007. The FANG+ sprang from this exchange…