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Tag Archives: IntercontinentalExchange

Fangs futures arrive as exchange operator tries to cash in on tech rally; Bond trading desks seek data scientists to work alongside traders John Lothian Newsletter,Newsletter

First Read Hits & Takes Our friends at the Chicago Federal Reserve have published a primer on Blockchain. “Blockchain and Financial Market Innovation” by Rebecca Lewis, John W. McPartland, and Rajeev Ranjan is available HERE.~JJL Bob Pisani of CNBC likes the ICE’s new NYSE Fang Plus Index, the futures of which launch today.~JJL MarketsMedia has announced their 2017 Women in Finance Award Winners, with many of our favorite people listed as winners.~JJL Hamish Purdey, Chief Executive of Intelliflotaking, is taking part in Centrepoint’s Sleep Out to give homeless young people a future. You can help support his efforts HERE.~JJL The…

Top investors want Deutsche Börse chief to resign; ICE ramps up move on corporate bond market John Lothian Newsletter,Newsletter

First Read Hits & Takes It was a big day for ICE yesterday as they announced two acquisitions, BondPoint from Virtu and a stake in Euroclear from RBS. Here is a commentary written August 17 by Jim Greco of TradingPlaces about Virtu and the possibilities for BondPoint.~JJL Slides are available for download by STAC members on the STAC website. This is the Securities Technology Analysis Center, not Securities Traders Association of Chicago.~JJL Myron Scholes, Ph.D. will be speaking at the CFA Society of Chicago on November 17 at the Palmer House on “The Evolution of Asset Management: Risk Management.”~JJL LSE’s…

Steve Crutchfield, EVP at IntercontinentalExchange – How to Build an Options Trading System (In Ten Minutes) Tech / HFT,Video

“You’ve got to come up with some numbers that describe the universe based on data that fit that model.” Steve Crutchfield, Executive Vice President at IntercontinentalExchange, explains the three key components of building a trading system. Beginning with a brief history of the New York Stock Exchange, Crutchfield gives a glimpse of trading activity in its early stages and its evolution into today’s intricate electronic systems. Crutchfield emphasizes that looking at historical data and determining which numbers to pull out from it is a difficult problem to solve, among many other challenges in the trading world today.

John Lothian Newsletter: ICE warns of trading flight away from Europe; Bank of England to Investigate FX Manipulation Claims; Deutsche Börse buys minority stake in Bondcube John Lothian Newsletter,Newsletter

First Read Repository Story: Jonathan Thursby Discusses CME Group’s SDR Services JohnLothianNews.com The Dodd-Frank Act in the U.S. and EMIR in Europe introduced new data reporting requirements. Exchanges like CME Group have long been experts in processing and disseminating data to market participants. But regulatory reporting of swap data brings its own challenges. John Lothian News Editor-at-Large Doug Ashburn spoke with Jonathan Thursby, executive director and chief operating officer of data repository services at CME Group, about its repositories in the U.S. and Europe, and their philosophy and approach to repository services. Watch the video » ++++ Help The Jennifer…

John Lothian Newsletter: US regulators delay ‘packaged trade’ rules; SEC Majority Wants to Review Exchanges’ Special Status; ICE wipes SMX contracts ahead of Asian launch John Lothian Newsletter,Newsletter

First Read IntercontinentalExchange Group – IntercontinentalExchange Group Reports Record 2013 Revenues and Adjusted Earnings; Fourth Quarter 2013 Adjusted EPS of $2.00 and Adjusted Net Income of $192 Million ICE Chairman and CEO Jeffrey C. Sprecher said: “We began the year with the objectives of providing more products and services to our customers, driving growth and returns for our shareholders, and successfully completing key strategic transactions. We achieved these goals while producing record financial results.” jlne.ws/MHSLdq ***** ICE will accomplish all of the above when Atlanta freezes over. And they did that too! ++++ US patent case set to test settlement…

John Lothian Newsletter: ICE Launches Electronic Trading Network for Credit-Default Swaps; CME and ICE warn on plan to force open European clearing houses; France, Germany urge ring-fencing, not ban of prop trading John Lothian Newsletter,Newsletter

First Read A Suspect Emerges in Stock-Trade Hiccups: Regulation NMS WSJ.com The Chicago Stock Exchange long ago ceased to be a major market hub. Its wood-paneled trading floor was boxed up and moved to the Art Institute of Chicago in 1977. Now all-electronic, it accounts for just 0.5% of shares that change hands nationally. Yet each of the millions of buy and sell orders issued around the world for U.S.-listed stocks each day must scan the Chicago Stock Exchange’s computers before it can be completed. jlne.ws/1hIndOT ***** At the STAC (Securities Traders Association of Chicago) Mid-Winter Conference last week, someone…

John Lothian Newsletter: ICE CEO Sprecher wants regulators to look at ‘maker-taker’ trading; U.S. regulator approves BATS/Direct Edge; SIX Group to build pan-European clearing house John Lothian Newsletter,Newsletter

First Read The CME Should Buy the CBoe Soon John Lothian The CME Group should buy the CBoe soon. I can’t believe I am writing this, but that is the conclusion I have come to. The reason why is that if they don’t act soon, the CBoe may become too expensive to justify buying. The CBoe stock price was up 76 percent last year and its market cap is $4.3 billion. The CME’s stock was up 55 percent, still outperforming the market, but not the CBoe. CME’s market cap stands at $25 billion, just a shade above InterContinentalExchange’s (ICE) $23.7…

John Lothian Newsletter: Cash-strapped regulators face heavy Volcker workload; ICE completes new NYSE Liffe board; European financial transactions tax suffers backlash John Lothian Newsletter,Newsletter

First Read Futures traders shun mandatory guards against ‘wash trades’ Reuters Mandatory safeguards to prevent automated traders from illegally acting as buyer and seller in the same transactions would be harmful to the trading industry by exposing firms to unnecessary risk, a futures-industry group said on Wednesday jlne.ws/1cq8rrr ***** If the CFTC thinks it is a good idea to try and control wash trades at the firm level, they do not understand the structure of our market. ++++ FIA Responds To CFTC Concept Release On Risk Controls And System Safeguards For Automated Trading Environments The response describes the many risk…

John Lothian Newsletter: CME in Final Stage of BOE Talks on Europe Exchange; ICE finds challenges in technology unit sale; Deutsche Boerse says India is high priority in Asia strategy John Lothian Newsletter,Newsletter

First Read A Bitcoin for Your Thoughts John Lothian News Special Report Rarely has there been a topic in the offices of John Lothian News that has raised debate, argument and conversation the way that Bitcoin has. What was once thought of as an internet-generated joke is now a topic covered by every mainstream media outlet around the world. Coverage has intensified of late due to Bitcoin’s value, topping $1,200 earlier this month on the open market. So big has the issue become that the French and Chinese central banks have issued warnings against the use of Bitcoin and other…