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Tag Archives: LCH

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…

Deutsche Borse agrees to pay EUR10.5m over CEO insider trading probe John Lothian Newsletter,Newsletter

First Read Hits & Takes Students who want to learn about the financial services field are invited to join us at our October 16th MarketsWiki Education Intern Recruiting Event Chicago, where financial services professionals will deliver informative presentations about careers, trends and opportunities in our global markets. This event also includes a new job fair for student internships in 2018. ~JB Overall precious metals volumes at CME Group are up 49 percent through August over last year.~JK BlockexMarketsMarkets, a “digital asset creation, issuance and trading platform,” is open for trading.~JK ++++ Intercontinental Exchange Announces Volume Record in MSCI Index Futures…

Shorting the VIX Could Be Terrible; Financials Bulls Tested; LCH plans G10 NDFs, options Newsletter,Options

Lead Stories Why Shorting the VIX Could Be a Terrible Idea Jared Dillian – Equities.com The New York Times’ DealBook had a great piece of journalism a couple of days ago about short VIX carry monkeys. Well, that is what I call them. The article features a former Target logistics manager who has goosed his net worth up to $12 million by betting that the VIX will go down. He is in the process of raising $100 million for a VIX-smashing hedge fund. /goo.gl/ngccN3 ****SD: Dillian – “If this really does blow up, there is going to be some soul-searching…

SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities; LCH and Eurex clash over post-Brexit clearing costs; Digital Wall Street’s New Home John Lothian Newsletter,Newsletter

SEC

First Read Are we seeing the end of Wall Street and the beginning of a new one? Jim Kharouf, JLN Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven, non-institutional, ‘let’s…

The Snowballing Power of the VIX, Wall Street’s Fear Index; Wall Street’s self-regulator allows safe havens for tainted brokers; Trump Team Proposes Broad Rethink of Financial Rulebook John Lothian Newsletter,Newsletter

First Read Line-up for MarketsWiki Education Series in NY and Chicago By John J. Lothian We have set the line-ups of speakers for the MarketsWiki Education series in New York and Chicago. Here is the list of the speakers and the days they will be presenting. On July 11 at Nasdaq’s Marketsite location we will have Gary Barnett (SEC), Larry Tabb (Tabb Group), Jennifer Nayar (Vela Trading Technologies), Thomas Ascher (formerly ISE), and Morgan Slade (Cloud Quant). On July 11 at the second session at Nasdaq, we have Gregg Doud (Commodity Markets Council), Henry Schwartz (Trade Alert), Joe Gits (Social…

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…

JLN Exchange Leader Series 2017: LSEG’s Hackett on a Clear Path Forward Exchanges, OTC & Clearing,Feature,Video,video

In just a few years, London Stock Exchange Group has doubled its US headcount to nearly 500 employees. That’s just one indicator that LSEG is doing well across a variety of its operations. Ali Hackett, USA Country Head for London Stock Exchange Group, spoke to JLN about the importance of the customer in continuing LCH’s expansion. Since the financial crisis, regulators have adopted rules that have pushed clearing and trading onto exchanges. But there is still a demand from clientele for innovative solutions in the realm of non-cleared derivatives. “As far as we’re concerned we really want to help the…

Corzine Agrees to Futures Industry Ban in CFTC Settlement; Hyperledger Blockchain Project Announces ‘Technical Working Group China’ Following Strong Interest; LCH sees record swaps clearing activity in 2016 John Lothian Newsletter,Newsletter

MF Global

First Read The End Of The Line Jim Kharouf, JLN So it appears this is the end of the line for Jon Corzine, the disgraced former head of MF Global, the man who essentially brought down the firm with lousy trades on European debt markets, helped cripple the futures industry and tarnished its once iron clad guarantee on customer funds. The firm dipped into customer segregated funds, something Corzine has long denied knowing, and left the collapsed firms’ customers wondering what happened to more than $1 billion of their money. The CFTC settled its case with Corzine yesterday, as the…

Euronext and Algomi to launch new trading facility to improve liquidity in pan-european corporate bond trading; Hedge Fund Clients Dump Humans for Computers and Still Lose; Trading Giants Clash Over Chicago Exchange’s Speed-Bump Proposal John Lothian Newsletter,Newsletter

First Read Cubs Win World Series By John J. Lothian The Chicago Cubs won the World Series. It is a big deal in Chicago and the U.S. For the rest of the world, maybe not so much. I returned home last night from the UK about the 7th inning, just in time to see the Cubs blow a 3-run lead and have the game go into extra innings. It was a terrific game with incredible drama, but I missed the early innings while on a flight from London to Chicago. The Cubs won 3 games in row, something they did…