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Tag Archives: LCH

A new generation of anti-Americans; SEC judges appointment violated Constitution John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff We have produced a promotional video for the Crypto Evolved event in New York on Wednesday at the New York Athletic Club. Trading Technologies’ Mike Unetich visited our offices to give the conference a plug. Please take a look and visit www.crypto-evolved.com for more details.~JJL FIA Operations Americas Division members are invited to enjoy food, drinks and an exciting game of baseball at the 18th Annual Summer Outing in Chicago. Join the Operations Americas Division for the Sox v. Yankees on 8/8. Get the details and register~JJL FIA Announces Fourth Annual Innovators Pavilion…

Robinhood evaluation?!?; VIX rigging talk Newsletter,Options

Observations & Insight Chicago Venture Capital Firms Are Funding Fintech Sarah Rudolph – JLN Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe…

Cross-Border Concerns – Jonathan Jachym, LSEG Feature,MWEd,Video,video

When Jonathan Jachym started at the London Stock Exchange Group stateside about three years ago, there were some 250 employees, most based in new York. Now, the group’s head of North American regulatory strategy and government relations has some 700 U.S.-based coworkers in six different locations. The personnel growth was matched in 2017 with revenue up across all core businesses, with its FTSE Russell and LCH arms doing particularly well. In this video from JLN’s annual series with industry leaders, Jachym talks about compression becoming a natural part of a swap’s trading life cycle, how the group benefits from passive…

Top Regulator Worries About Crypto Market Manipulation; CFTC ‘astounded’ as Congress prepares to cut budget John Lothian Newsletter,Newsletter

First Read Congressional CFTC Budget Decision Lacks Vision and Reason John Lothian – JLN A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million to…

Two futures exchanges call for post-Brexit Mifid rethink; CME Group and JPX Announce Contract; Systemic risks of clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Today’s top story, Two big futures exchanges call for post-Brexit rethink on Mifid, reiterates what Jeff Sprecher said in April 2017 as covered by Business Insider, “Not to sugarcoat it, I think it [MiFID II] is the worst piece of legislation I’ve ever seen in the history of my career.” But he’s been blasting it since 2016.~JK Eric Piscini of Deloitte Consulting wrote that advancements in the coming months will make the use of blockchain platforms “easier than ever. And it will happen across the main stacks of Hyperledger, ethereum and Corda, among…

The Spread – Week of 12/18 Feature,Video,video

The Spread is a brief recap of some of the notable activity in the options world. This is Episode 3 and an improvement on “Revenge of the Sith.” The following are stories referenced in this week’s episode: WSJ – A Million-Dollar Bet That Bitcoin Will Hit $50,000 JLN – Seed CX Swaps Hemp For Cryptocurrencies OCC – Advocating for a stronger U.S. options market Reuters – LCH begins credit options clearing Bloomberg – Trader Turns $60 Million Profit in Sharpest Bond Selloff of 2017

VIX bets surging; LCH begins credit options clearing; Fast moving stocks Newsletter,Options

Lead Stories Stock market volatility, VIX bets are surging Joe Ciolli – Business Insider Traders are betting more and more that the stock market will soon snap out of its prolonged slumber. This can be seen through a measure called skew, which looks at bullish CBOE Volatility Index, or VIX, options contracts compared with bearish ones. It’s at its highest level in two years, having risen swiftly in recent weeks, indicating an expected volatility spike. jlne.ws/2D347UR ****SD: Mentions 50 Cent – in 2018, I hope we get more hip-hop themed volatility traders. LCH begins credit options clearing Helen Bartholomew –…

Bitcoin Futures Prices Fall in CME Debut; Why the Germans are right about economics John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff RJO has shot a holiday video featuring Gerry Corcoran and some of their staff. They even sang “Santa Baby,” featuring employees from across the organization. ~JJL Interesting, or a yawn? Day one futures volumes in Bitcoin at CME totalled 1,088 contracts with open interest of 233. Cboe posted volume of 4,127 contracts on its first day, a wild price day and 1179 in the January contract yesterday. ~JK You can make a donation to your favorite charities by using Amazon Smile when you buy items from Amazon. Go to Smile.Amazon.com.~JJL The New…

CME Launching Bitcoin Futures; Hensarling Leaving Congress; Euronext Renews LCH Deal John Lothian Newsletter,Newsletter

First Read Are you on the right side of Bitcoin history? By John Lothian of JLN Shortly after JLN was published yesterday the news broke that the CME Group would be listing bitcoin futures in the fourth quarter of the year, joining the Cboe in such an offering. The price of bitcoin surged to new highs. Why did the price go up? Because a new group of suckers,…errr, new traders would be reached with this news and want to buy bitcoin. Why would they want to buy it? Because it is going up, of course. Greed. Why are the CME…