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Tag Archives: Interactive Brokers

Options Market Plugs Away; Market Unease; Millennials & Investing Newsletter,Options

Observations & Insight Save the Date for OIC 2018 OIC Mark your calendar for next year’s Options Industry Conference, which will be held May 2-4, 2018, at the picturesque Omni Amelia Island Plantation Resort, located just off the coast of Florida. /goo.gl/YEjt8M ++++++ OCC News August/September 2017 OCC In this issue: Q&A with OCC’s Chief Security Officer Mark Morrison, updates from Capitol Hill, advocacy and charitable endeavors. jlne.ws/2xniZwc ++++++ Business and Friendship Went Together For Leo Melamed, Bob Wilmouth and Leslie Rosenthal John Lothian – JLN Leo Melamed lost two good friends in the last few days in Bob Wilmouth…

JLN Options: All about the crowd in VIX ETPs Newsletter,Options

Observations & Insight Hurricane to Cost Tens of Billions, but a Quick Recovery Is Expected Conor Dougherty and Nelson D. Schwartz – NY Times The brutal storm pummeling the Houston area is likely to rank as one of the nation’s costliest natural disasters, with tens of billions in lost economic activity and property damage across a region crucial to the energy, chemical and shipping industries. But economists say the region is likely to recover quickly and may even experience a bump in growth from rebuilding. nyti.ms/2xKa4Ct ++++++ Deluged Texas Braces for More Rain, and Years of Recovery Julie Turkewitz, Richard…

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown John Lothian Newsletter,Newsletter

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…

A Winding Path of Reinvention – Thomas Ascher Feature,MarketsWiki Education,MWEd,Video,video

“A risk-free life is a boring life. I’m not advocating taking stupid risks. Don’t. Understand the risks, but you can’t explore things if you don’t take some risk.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Thomas Ascher, an independent financial executive and former CSO of the International Securities Exchange, explains the proper steps on how to reinvent yourself. Ascher has worn many hats with quite a few companies over the years — NQLX, CBOE, Interactive Brokers — not to mention his time hawking cassette tapes out of his college dorm room. Ascher says that…

Commodities Are Good for Traders, Bad for Investors; Trading Technologies appeals another Patent Board decision involving Interactive Brokers, TradeStation, IBFX; MarketAxess chooses Amsterdam as EU base after Brexit John Lothian Newsletter,Newsletter

First Read Hits & Takes We concluded our MarketsWiki Education series for the summer last week at Trading Technologies on Friday. Between three sessions in New York and four in Chicago over the previous two weeks, we had more than 500 attendees and 42 speakers from the industry. We will be posting videos of those presentations in the coming days. A thanks to all our sponsors for helping us make it happen – CME Group, CBOE, Nasdaq, IFM, Trading Technologies, IIT, Barchart, OCC, Thomson Reuters. ~JK Did you know “central counterparty clearing was invented in 1872 by the Minneapolis Grain…

Britain Hasn’t Been This Politically Risky in 40 Years; Machines Poised to Take Over 30% of Work at Banks, McKinsey Says; Insider trading probe into Deutsche Boerse CEO still open: prosecutor John Lothian Newsletter,Newsletter

First Read Hits and Takes By JLN Staff + Special Guest, Ray McKenzie Six years ago, we had the idea to bring A Leg To Stand On‘s Rocktoberfest to Chicago and the results have been astounding. We have now hosted five Rocktoberfests and, in the process, raised over $400,000 for A Leg To Stand On. We couldn’t be happier with how things have turned out. For those who don’t know, Rocktoberfest began in New York City 14 years ago as a group of music-loving members of the financial community came together to make music and raise funds for ALTSO, a…

Interactive Brokers’ market making segment feels impact of options business wind-down; A striking stat shows why even the bears are tempted to bet on stocks; Vix index sends mixed messages to investors Newsletter,Options

Observations & Insight Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3 PM. We still have room for last minute additions as well. Our speakers include Richard Sandor, Bryan Durkin, Terry Savage, Joe Guinan, Amy Shelly and Jennifer Wilson at the first session. At session two we have Mehmet Yanilmaz, Julie Armstrong Menacho, Keith Petersen, Patrick Kenny, David Kelbaugh and Jay Feuerstein…

Two Sigma to acquire Interactive Brokers’ US options arm; Comey’s Firing Is a Crisis of American Rule of Law; Cinnober to acquire market surveillance firm Ancoa John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Four JLN team members are out in sunny Arizona for the Options Industry Conference, which gets underway officially today. Jim Kharouf, Spencer Doar, Jeff Bergstrom and Patrick Lothian are covering the conference for JLN and will be conducting interviews, including with option exchange leaders. Our coverage so far has included a two-part preview interview with OCC Executive Chairman and CEO Craig Donohue. The can be seen here and here Across the pond, Patrick Thornton-Smith has left Duco and the City and has signed on as a non-executive director with Cult Wines…

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…