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Tag Archives: JPMorgan

How China’s Biggest Bank Became Wall Street’s Go-To Shadow Lender; JPMorgan Has a Surprisingly Simple Theory for Low Volatility; The ECB and tapering: a challenge that will not go away John Lothian Newsletter,Newsletter

First Read Ready for Trading Chicago? JLN We’re six days into June, which means there are only 22 days left until the FOW-JLN conference Trading Chicago on June 28th. It’ll be well worth it to attend. Just check out the program: speakers this year include the Streetwise Professor Craig Pirrong, Leslie Sutphen and Gary DeWaal debating Dodd-Frank, Fidessa’s Steve Grob, Chris Hehmeyer and Joshua Yang talking about our markets in an age of populism with Carl Gilmore. Other notables include Jay Feuerstein of Budo Group, Richard Mackey of Rosenthal Global Securities and Tim Gits of Eurex and Chris Anderson of…

Banks shed bond indices as regulation tightens; IEX chief sticks to principles in battle for presence; Michael Rüdiger, new Chairman of the Exchange Council of the Frankfurt Stock Exchange John Lothian Newsletter,Newsletter

First Read John Lothian News Takes to the Road Again, Going High and Low By John J. Lothian John Lothian News is sending a team to London tomorrow for the FIA Global’s IDX conference, and meanwhile yours truly is setting off on another Scouting trip to Kentucky to explore Mammoth Cave. Jim Kharouf will lead the London team, joined by the always enterprising Spencer Doar and the steady handed videographer Mike Forrester. We will again be producing a video series featuring various exchange and industry leaders following the IDX conference. My trip has 10 Scouts and four other leaders in…

The VIX Snoozefest Kept Rolling in May; ETH Option Volume Continues to Grow; Stock market’s low volatility and low yields are crushing Goldman, J.P. Morgan and the banking sector Newsletter,Options

Observations & Insight Getting Animated About Trading Chicago JLN If you haven’t signed up for the FOW-JLN conference Trading Chicago on June 28th, it is a solid program worth checking out. Speakers this year include the Streetwise Professor Craig Pirrong, Leslie Sutphen and Gary DeWaal debating Dodd-Frank, Fidessa’s Steve Grob, Chris Hehmeyer and Joshua Yang talking about our markets in an age of populism with Carl Gilmore. Other notables include Jay Feuerstein of Budo Group, Richard Mackey of Rosenthal Global Securities and Tim Gits of Eurex and Chris Anderson of Itiviti talking about opportunities in the red hot interest rate…

Corporate bond trading at MarketAxess reaches record high; ICE says being asked to shift operations from London to continent; SEC working ‘diligently’ on plan to test lower exchange fees John Lothian Newsletter,Newsletter

First Read Did you know? Jim Kharouf & Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At the…

NYSE, Former IEX Foe, Plans a Copycat Speed Bump of Its Own; MarketAxess breaks annual trading volume record; BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan John Lothian Newsletter,Newsletter

First Read NYSE Outlines 2017 Equity Market Strategy: Intercontinental Exchange NYSE Group, part of Intercontinental Exchange, today detailed its equity markets strategy, which aims to deliver greater choice for corporate and ETF issuers and to investors by offering four unique exchange venues, including an exchange designed exclusively for small and mid-cap companies. /goo.gl/vBsDdR **** Some nice chess moves and some rebranding emphasizes the “American” aspect of NYSE’s markets. ++++ Veronica Augustsson nominated as CEO of the Year within Employer Branding Cinnober For her efforts to increase awareness of Cinnober as an employer, as well as for her commitment to various…

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…