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Tag Archives: LIBOR

ICO regulation inconsistent as cryptocurrency bubble fears grow; CFTC Chief Works to Tweak, Not Decimate, Obama-Era Rules John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff To those who celebrated Thanksgiving yesterday, get outside and stretch your legs today, the deals for Black Friday can wait. ~JJL Chuck Mackie of Maven Wave has recapped the CME Group‘s GFLC in a blog post. ~JJL On Tuesday, November 28, the OCC’s Caroline Gillard is moderating a luncheon sponsored by FCS Chicago focusing on marketing to women. The lunch panel includes Jessica Titlebaum Darmoni, Jennifer Bennethum Burns and Allison Engel, and is the organization’s final luncheon topic for 2017. This will be the first time the FCS has hosted one of…

The Low Vol Puzzle; Post Bank say BOJ should sell puts; Buying dips Newsletter,Options

Observations & Insight FANG+ Puts the UMPH Back into the Markets and Exchange Competition John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

Top investors want Deutsche Börse chief to resign; ICE ramps up move on corporate bond market John Lothian Newsletter,Newsletter

First Read Hits & Takes It was a big day for ICE yesterday as they announced two acquisitions, BondPoint from Virtu and a stake in Euroclear from RBS. Here is a commentary written August 17 by Jim Greco of TradingPlaces about Virtu and the possibilities for BondPoint.~JJL Slides are available for download by STAC members on the STAC website. This is the Securities Technology Analysis Center, not Securities Traders Association of Chicago.~JJL Myron Scholes, Ph.D. will be speaking at the CFA Society of Chicago on November 17 at the Palmer House on “The Evolution of Asset Management: Risk Management.”~JJL LSE’s…

Push for MiFID II Delay; Libor settlement; Bond volatility Newsletter,Options

Observations & Insight The Kooky News for Friday the 13th Spencer Doar – JLN Befitting the day, there are indeed some weird happenings in our markets. First, recall the release in Observations yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses…

TradingScreen rejects claims by shareholder group; Citigroup, Deutsche, HSBC Agree to Settlement John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Care to guess what the best performing financial asset of 2017 has been? According to Macquarie as cited in this Financial Times story, it’s the metal cobalt. Cobalt is up some 80 percent this year on the back of increased demand for electric vehicles.~SD Crain’s put out a list showing which companies won the most patents in Chicago in 2016. Trading Technologies is on there with nine. Tops by a longshot is Boeing with 1,045 (second and third go to Honeywell and Caterpillar, respectively). It’s all part of the Crain’s “Chicago’s Most…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; NYSE on Track to Lose More ETF Listings; Big asset managers struggle to meet Mifid II deadline John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff BOX gets SEC approval for a trading floor, the CBOE picks the Winklevoss twins for bitcoin futures and earnings news from ICE and LSEG is among today’s top headlines. ICE and LSEG came out with earnings today. Check it out in Exchange News. ~JJL I like context. Morgan Housel has a blog – An Honest Business News Update – with a lovely reminder humanity is more than the sum of what gets the publicity. ~SD We have added a Hello Bar to the bottom of the MarketsWiki Education website] and to the…

These Intraday Stock Rotations Keep Crushing Volatility; JPMorgan quant drops the whole market with report comparing to 1987; Libor, Phone-Smashing and Hacking Newsletter,Options

Observations & Insight Financial Markets Leaders Remember the late Magnus Bocker John Lothian – JLN I asked several leaders around the exchange world to offer remembrances of Magnus Bocker, the late former CEO of SGX. To start, I shall offer my own and add additional remembrances as they come in. I first met Magnus Bocker at a Deutsche Bank investment banking financial technology conference in New York where I had been asked to moderate an exchange leader panel. Magnus was then president of Nasdaq OMX. Also on the panel was Larry Leibowitz representing NYSE Euronext. Magnus was always gracious with…

U.S. Targets Bitcoin Exchange, Alleging It Facilitated Crime; The 2017 Tech 40; Libor: missin’ you already John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff It with great sadness we report the passing of former SGX CEO Magnus Bocker, who died of cancer in St. Louis, MO just before his 56th birthday. Magnus was a generous and well-liked member of the global derivatives industry and was a leader of OMX, Nasdaq and SGX. He will be missed. Condolences to his family, friends and former colleagues. John Lothian first met Magnus at a Deutsche Bank investment banking conference in New York when he was with Nasdaq OMX. ~JJL The Chief Scout of the Boy Scouts of America issued…

Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable; Digital-Coin Companies Shrug Off SEC Scrutiny; Commodities giant Noble Group shrinks down as it warns of $1.8bn loss John Lothian Newsletter,Newsletter

First Read Hits & Takes Yesterday’s most viewed pages on MarketsWiki included Diane Swonk, LedgerX and FIA Futures Hall of Fame. Among other interesting viewing stats, Sernova Financial, the cloud-based post-trade clearing utility, has been viewed 465 times since we created a page on the firm on July 11. Not bad. ~JK Just in case you missed our second most read piece yesterday, here is the JLN story: Are we seeing the end of Wall Street and the beginning of a new one? ~JK Did you know that the CFTC’s Commitments of Traders report traces its roots to 1924? Or…