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John Lothian Newsletter: Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started; CBOE Launches Second Index Series That Targets Investment Outcomes; John Lothian Newsletter,Newsletter

First Read “Cannot be done”: ISE’s Gary Katz Tells The Inside Story Of The Biggest Disruptor To The Options IndustryJim Kharouf, JLN It’s been quite a ride for almost 20 years for Gary Katz, now officially the former co-founder, president and CEO of the International Securities Exchange Nasdaq closed the deal to buy ISE from Deutsche Boerse on June 30, ending one of the most pioneering and successful runs for an exchange in the history of financial markets. Co-founded in 1997 by Katz, David Krell, William Porter and Marty Averbuch, the group set out to create the first fully electronic…

A Blockchain Solution to Gold Settlement Issues Blog,Metals

Gold Bars

Amid all the talk of blockchain and its applications for the financial and trading worlds, Euroclear and ItBit have gotten together to come up with what they feel is a solution to some of the problems in the gold market, in particular the settlement of unallocated gold. The two companies are partnering to develop a blockchain-based service which lowers costs, makes delivery and payment systems more efficient, and reduces balance sheet issues. The service uses New York-based ItBit’s blockchain technology called Bankchain, which provides tracking, clearing and settlement of trades. Addressing efficiency problems in the gold markets is no easy…