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US financial regulators warn investors on bitcoin risks; Asian buyers spur bitcoin rise John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A new survey from DTCC shows geopolitical risk as a top 5 concern of 69 percent of those surveyed – an all-time high. Plenty of other fun stats and infographics in there to digest.~SD Deutsche Boerse turned 25 years old. I believe I was once told that the average age of the people who started it was 28. ~JJL Have you seen the Chicago Blockchain Project?~JJL Yesterday’s JLN Options newsletter covered the lack of FX volatility, the potential for bitcoin options and the short vol trade.~SD The NFA staff coordinated the donation…

White House commits to ending Wall St tax loophole; SEC Chairman Froze Agency’s Approval of Chicago Stock Exchange Sale John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Today we have part one of a two part series titled “The CFTC and Fintech Innovation, Goals of LabCFTC” featuring an interview with CFTC Chief Innovation Officer Daniel Gorfine. ~JJL The FIA has asked me to moderate a panel at EXPO on customer protection. I said yes. ~JJL The FIA has put out a recommendation on market integrity, “FIA recommendations to streamline CFTC regulations and enhance market integrity.”~JJL SGX is offering a course titled “Secret Trading Techniques of a Proprietary Trading Firm Revealed (Course Preview).” I am not sure the secrets will…

SEC’s Jay Clayton & China, Tom Ascher Speaks, Nasdaq and SIX Swiss Exchange Go Blockchain John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff John Hague of RSM has accepted the role of co-chairman of the LaSalle Trading Tech Awards of the Pathway to Adventure Council of the Boy Scouts of America. John Lothian is the other co-chair of the event. Hague replaces Matt Haraburda of XR Trading, who teamed with John Lothian last year to chair the event. The LaSalle Trading Tech Awards honor those firms who have participated in the Trading Tech 300 merit badge workshop program created by John Lothian and replaces the history LaSalle Street Dinner that had run for over 20…

LSE fires back at EU plot to seize euro-clearing; Jay Clayton Confirmed as SEC Chairman; CFA Institute mulls adding ‘big data’ to financial analyst exam John Lothian Newsletter,Newsletter

First Read FinTech Exchange: Haraburda Says Alternative Data the Next Step JohnLothianNews.com How big is your data set? Mark Haraburda, CEO of Barchart, which hosted the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and innovating. “This year the event has been focused on data, the way data is delivered, the way data is stored, the way data is analyzed and visualized as well as the new types of data in the alternative data space,” he said. Read the rest and watch the video » ++++ TMX Group Remembers John Pearce Bunting, Former President and…

Wall Street braces for rough ride as exchanges seek more speed bumps; Euronext to move derivatives clearing business from LSE to ICE; Davidson Joins OCC as President and Chief Operating Officer John Lothian Newsletter,Newsletter

First Read Finding FinTech On April 27th, the third annual FinTech Exchange 2017 will be held in Chicago. This event, hosted by Barchart, has built itself into an innovative, informative and valuable conference, thanks to the work of Barchart’s Mark Haraburda, Colleen Sheeren and others on the team. This year, Barchart is giving away a few tickets. If you would like to go, the first five to sign up here will receive free passes for the one-day event, which runs from 11 am – 7 p.m. at Venue SixTen, 610 S. Michigan Avenue, Chicago. Use your algos to sign in…

Chicago Wants to Be a Hub for China Stock Trading; Wall Street’s Volatility Pioneer Searches for Latest Fear Trade; Hedge fund redemptions a dismal end to a bad year John Lothian Newsletter,Newsletter

First Read My Picks for CFTC and SEC Commissioners By John J. Lothian Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let’s create some of our own in time for the FIA Boca Raton International Conference. I am going to give you my top ten potential candidates for each commission in alphabetical order. That they are on the list does not mean they would be willing to serve, but it does mean I believe they are eminently qualified to…

CME Group Reached Record Average Daily Volume of 15.6 Million Contracts in 2016; Wall Street Lawyer Jay Clayton Emerges as Top Candidate for SEC Chairman; No One Questioned This Hedge Fund’s Madoff-Like Returns John Lothian Newsletter,Newsletter

First Read CFTC Chairman Timothy Massad Announces Resignation as Chairman CFTC Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement: “For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement…