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Tag Archives: JPMorgan

NYSE MKT to end floor trading for small stocks; US regulator warns on tough UK and EU derivatives battle; Wall Street’s Most Famous Quants Fed Up With JPMorgan Soothsayer John Lothian Newsletter,Newsletter

First Read The Why Jim Kharouf, JLN Simon Sinek said in his TED Talk that “People don’t buy what you do; they buy why you do it. And what you do simply proves what you believe.” What we do is produce a financial newsletter and websites that are dedicated to enlighten, inform and educate you on what is happening in this industry. We do it because we believe that more informed readers make for better markets, everywhere. Better markets make all our lives better. That’s simply the what and why for John Lothian News. We believe in this so much…

CFTC, Chicago trading firm reach $2.5 million ‘spoofing’ deal; Chicago futures firm 3Red Trading to pay $2.5m spoofing fine; Goldman, JPMorgan to invest in blockchain startup Axoni John Lothian Newsletter,Newsletter

First Read Tim Edwards, S&P Dow Jones Indices – The Relative Importance of Skill, Conviction and Blind Luck in Beating the Market MarketsWikiEducation.com “I believe that the next big trend in our industry is going to be far more customized, far more bespoke, and it’s all going to be available at low cost because of technology.” When Google was readying for its IPO in 2004, employees were given educational courses in finance and investing. Then senior vice president Jonathan Rosenberg was worried that Google employees — many soon to be minted millionaires — would be taken advantage of by all…

JPMorgan Hit Hardest as EU Fines Euribor Trio $521 Million; Citi trader deepened October’s pound ‘flash crash’; NSE May Put IPO Plan on Ice as Top Execs Quit and Sebi Says No to Self-listing John Lothian Newsletter,Newsletter

First Read David Norman, Essex University – What Sets Graduates Apart? MarketsWikiEducation.com “The industry feels like it has lost its way.” In this video from MarketsWiki Education’s London Event, David Norman, a lecturer at Essex University and Queen Mary University of London, discusses the current landscape of the industry and how to stand out from the competition during a job search. Every year he sees hundreds of students and found that there is no shortage of ‘doers’ — those who can successfully adapt to structure and learn a skill set. To Norman, the industry needs more people willing to think…

John Lothian Newsletter: CFTC, SEC Inch Closer to Full Strength With Nominations Moves; Intercontinental Exchange – Cybersecurity, economic volatility and political uncertainty top list of concerns for corporate boards in 2016; Nasdaq could be next after LSE deal, says Credit Suisse John Lothian Newsletter,Newsletter

First Read Looking Ahead Don Wilson, CEO, DRW Holdings, this week’s guest editor As we close the week, I’ll pick back up on ideas I shared in Monday’s newsletter. Regulation designed to reduce the risk of another financial crisis is being phased in. I would summarize the primary tenets as (1) reduce leverage and risk and (2) ensure that most derivatives are cleared. There is good logic to both thoughts – less leverage is less risky, and futures markets performed flawlessly through the crisis. Of course it’s never easy to go from well-intentioned concepts to practical implementation, but I will…

John Lothian Newsletter: Banks face $27bn risk from failed derivatives payments; JPMorgan Quietly Tests ‘Blockchain’ With 2,200 Clients; Hong Kong Exchange adds new renminbi futures John Lothian Newsletter,Newsletter

First Read Risk Off: How The Industry Can’t Fail Jim Kharouf, JLN Bruno Iksil, aka “the London Whale,” has issued a letter to the media arguing that his actions in the market were directed and overseen by senior executives at J.P Morgan Chase when it lost $6 billion in 2012. What is troubling about the case is that it is still a story. In pre-2008 years, if a trader lost a large sum of money, it was called a losing trade. But these days, it’s cause for a multi-year investigation. The crux of the problem with this case is simply…

John Lothian Newsletter: DoJ investigates traders over debt-market rigging; Colm Kelleher takes bigger role in Morgan Stanley reshuffle; JPMorgan to pay $4 million for false statements about broker pay John Lothian Newsletter,Newsletter

First Read And Now for Something Completely Different Jim Kharouf and Doug Ashburn – JLN In an effort to continue doing what we do best – tell the story of the industry – we are adding something new for 2016 – actually it is something we used to do in a couple of our sector newsletters – sharing the top stories from the previous day. What better way to judge the state of the industry than to share what fellow readers are reading. Our top read story of the day yesterday wasn’t a story at all, but a link to…

John Lothian Newsletter: Speed Traders Wanted: Russia Brokerage Courts Fastest U.S. Firms; Warsaw stock exchange chief executive resigns; CME defeats suit alleging it favored high-frequency traders John Lothian Newsletter,Newsletter

First Read Trying To Stop The Next Flash Crash JohnLothianNews.com The CFTC announced its new automated trading rules, marking a major shift on how automated trading will be developed and implemented in the coming years. View the Story » **This story has been updated with new information about self-match trading as well as more analysis on registration and other components in the proposed rule. It’s worth another look, and another when we update the story today and in the coming days. ++++ Chicago Inno Announces the Winners of the 50 on Fire Awards PRNewswire Chicago Inno announced the winners of…

John Lothian Newsletter: ICE sets November date for delayed Singapore launch; Operation to steady China stocks a success, but patient comatose; Deutsche Boerse puts Asia exchange on back burner John Lothian Newsletter,Newsletter

First Read MarketsReformWiki Reaches a Milestone Doug Ashburn – JLN While we were sleeping, some time between midnight and 3 a.m. this morning, the page counter on MarketsReformWiki, our regulatory database, topped the 10 million mark, four and a half years after going live. The site was started in 2011, just as the CFTC, SEC and other regulators began proposing rules and hosting roundtables, and market participants responded with comment letters, white papers and other research. The goal of the site was simple – cut through the thousands of pages of legalese and present the information in a way that…

John Lothian Newsletter: Corzine, others settle MF Global lawsuit for $64.5 mln; JPMorgan to pay over $125 million to settle U.S. credit card debt probes; CFTC stays ICE’s plan to raise position limits in power contracts John Lothian Newsletter,Newsletter

First Read Bits & Pieces by JLN Staff MarketsWiki just passed the 65 million page view mark. A big thanks to all of our users. We have added John Kerin, the CEO of the Chicago Stock Exchange, to our list of speakers for the Chicago Summer Intern Education Series. We hope to add another tall speaker who will be spot on. In case you missed it, we added James Gellert of Rapid Ratings and technology entrepreneur John Edge to our list of speakers for the New York events. Here is the line up for New York. At 1 PM, we…