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Tag Archives: JP Morgan

Inside Danske’s EUR200bn ‘dirty money’ scandal John Lothian Newsletter,Newsletter

First Read Build or Buy? Exchanges Continue to Branch Out For Revenues Through Acquisition Jim Kharouf – JLN Exchanges are continuing to look at two areas for revenue growth – consolidation and acquisition of non-exchange service firms, according to a new report from Burton Taylor. – The report, presented at the World Federation of Exchange’s General Assembly and Annual Meeting in Athens and authored by Andy Nybo, shows that ICE topped exchanges in revenue in 2017 with $4.6 billion, followed by CME with $3.6 million, Deutsche Boerse with $2.7 billion, LSE Group with $2.5 billion and Nasdaq with $2.4 billion….

Fed’s Dudley Warns on Dangerous ‘Speculative Mania’ Around Cryptocurrencies John Lothian Newsletter,Newsletter

bitcoin 100 bill

First Read FCMs Big And Small Suffer Major Losses On Latest Black Monday Jim Kharouf – JLN On February 5, the historic trading day when the Dow Jones Industrial Average fell 1,175 points and the S&P 500 plunged 113 points, many customers suffered significant losses which forced several futures commission merchants to cover those deficits. The severity of the losses on that day was reflected in major drops in FCM customer segregated funds, some to alarming levels. Among the biggest shocks was at RBC Capital Markets, which on February 5 posted a deficiency of funds in segregation of $1.13 billion….

Goldman and JPMorgan lead in equity derivatives; Harvest Vol Mangement profile; Spot Trading layoffs Newsletter,Options

Observations & Insight 30 Under 30 Finance: The Top Young Traders, Dealmakers And Big Money Innovators Antoine Gara, Lauren Gensler, Kristin Stoller and Nathan Vardi – Forbes The Wall Street landscape is becoming younger, digitized and more entrepreneurial. Technological and innovative forces are reshaping the world of money and they can be seen on this year’s Forbes 30 Under 30 Finance list. jlne.ws/2AG3pe9 +++++ Well You Did Ask… Highly Evolved Vol We recently moved into some new offices in a co-working space. I love it. It makes admin tasks so much easier. There is free coffee. The staff is friendly…

Jamie Dimon Slams Bitcoin as a ‘Fraud’; Barchart Launches High-Performance Cryptocurrency Feed John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff To assist the Tampa community during this time of need, DTCC is donating $5,000 to the Community Foundation of Tampa Bay, which has established The Tampa Bay Disaster Relief and Recovery Fund in partnership with several local organizations, and an additional $5,000 to the American Red Cross. They also continue to raise money for the victims of Hurricane Harvey, which now stands at nearly $40,000 thanks to the generosity of their employees, DTCC’s corporate donation of $5,000 and their company match scheme. ~JJL If any NFA Members located in Houston, Florida or…

Beware of an Eclipse Crash; London ‘hemorrhaging talent’; City brokers ramp up reg prep John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We have added some color to MarketsWiki to highlight the original content of John Lothian News. This is part of an ongoing review of our sites relative to current best practices in website design,newsletter offerings and social media innovation.~JJL A recent innovation by the CFTC is publishing podcasts on their website hosted by CFTC market intelligence head Andy Busch. A recent one featuring an interview with CFTC Chairman Christopher Giancarlo received over 1000 downloads from over 25 countries. The latest podcast features an interview with Chief Investment Strategist Sam Stoval. All the…

Thesys Technologies vs. Goliath; OIC Outreach to Advisers; Vol bets and the VIX Newsletter,Options

Observations & Insight Thesys vs. Goliath: That’s One Big CAT Spencer Doar – JLN FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand tech but maybe…

Empty Seats at Regulators Hold Back Trump Bid to Undo Dodd-Frank; Clearing houses see record volume as new rules boost activity; ETFs Are the New Bond Kings John Lothian Newsletter,Newsletter

First Read End of a Series Today concludes our annual Exchange Leaders Series from FIA Boca, with an interview with Matt Chamberlain, interim CEO at the LME. In all, the series included eight different exchange executives who sat down to speak with us at the conference last month. If you haven’t seen them, they are all included below. Each has their own way of summing up 2016 and what is happening at their respective markets in 2017. The FinTech Exchange conference tickets went fast yesterday. Thanks to all who played. The conference is in Chicago on April 27. Tickets, just…

NYSE to expand floor trading as part of integrated dealing system; U.K. Bankers Drop Push to Keep EU ‘Passporting’ After Brexit; When Bad Things Happen to Good Funds John Lothian Newsletter,Newsletter

First Read Bits & Pieces By JLN Staff Brookly McLaughlin has rejoined Intercontinental Exchange as senior director, marketing and public affairs, giving ICE more political punch. She returns after a little more than a year at Magnetar Capital. McLaughlin originally came to ICE in the CCX deal. She was the communications director for the Chicago Climate Exchange before it was acquired by ICE. She also previously worked for the U.S. Treasury Department under Hank Paulson. Jeff Sprecher, Richard Sandor and Hank Paulson are some pretty good bosses to have. The Security Traders Association of Chicago is in day two of…

Sectors Go Wild: S&P 500 Correlations Crumble; Clearinghouses Park Billions in New Fed Accounts; Yuan Options Most Bearish Since June as Traders See Sharper Drop Newsletter,Options

Observations & Insight Holiday Publishing Note Due to Thanksgiving, we will not be publishing this newsletter on Thursday or Friday. We will be back on Monday, albeit a few pounds heavier. A quick “Did you know?” about the holiday: Everybody has heard the old refrain that eating turkey makes people tired because of the amino acid tryptophan. However, turkey has pretty much the same amount of tryptophan as other meats and research shows that turkey doesn’t have any significant effect on drowsiness. In fact, simple overeating is the most common cause of post-meal lethargy. Tired or not, enjoy your Thanksgiving,…