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Tag Archives: low latency

OCC plans cash management fee; Short-vol crushed in January; Selling time to traders Newsletter,Options

Observations & Insight Slippery Slope: Let’s Let Markets Decide On New Contracts Jim Kharouf – JLN Do exchanges need further regulation on the contracts they launch? That is the question the Commodity Futures Trading Commission is addressing now with the so-called self-certification process for new contracts. Exchanges have not faced this type of scrutiny over the launch of a new product in recent history until Bitcoin. Several new contract ideas have been squashed by legislation or regulation, including movie futures and onion futures way back when. But for the most part, exchanges are allowed to introduce new contracts as they…

Views On Low Vol; Lightspeed Merging Business With Lime Brokerage Newsletter,Options

Observations & Insight U.S. Government Nears Shutdown With GOP Stopgap Bill at the Brink Bloomberg Temporary government funding runs out at midnight Friday and the House and Senate are seeking an agreement on a temporary extension. Democrats are demanding that spending legislation include a provision permanently shielding about 690,000 undocumented immigrants brought to the U.S. as children from deportation, while Republicans want to keep that issue separate from funding and budget negotiations. /goo.gl/hSFdNM ****SD: Constant updates on the situation provided on the page. For the big picture, TD’s JJ Kinahan in Forbes – Will the Government Shut Down or Won’t…

OCC 2017 Total Contract Volume 3rd Highest Ever; Markets must prep for more volatility Newsletter,Options

Lead Stories OCC 2017 Total Cleared Contract Volume Up Four Percent, Third Highest Volume Year Ever OCC OCC, the world’s largest equity derivatives clearing organization, today announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a four percent increase from the 4,167,747,777 cleared contracts in 2016. December cleared volume was 346,006,092 contracts, up three percent from December 2016. OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32 percent increase from 2016. /goo.gl/dnQLzH Markets must prepare for more volatility; Never before have central bank balance sheets been so large…

OCC tech upgrade; Robinhood’s free options trading; 50 Cent’s losses Newsletter,Options

Lead Stories Tech Upgrade Commands CFO’s Focus; Amy Shelly of Options Clearing Corp. faces several challenges in replacing the organization’s outdated platform. David McCann – CFO Magazine The privately held financial-market utility that settles and clears transactions for all 15 U.S. option exchanges and 3 futures exchanges has a problem: Its technology is woefully outdated. /goo.gl/Kq1s6Y ****SD: Lots for OCC to consider: Roll it out piecemeal or all at once? Finance the project how? Buy or build? For more, see JLN’s piece earlier this year – Cloudy with clearing: What the next clearing house looks like ***SR: Amy Shelly is…

ICE to ‘Go West’ with Chicago-to-Tokyo network; Tulip Fever: There’s a Digital Token for That John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Kevin Wolf, formerly of ViableMkts and Eris Exchange, is now U.S. head of FICC at Euronext. ~JJL Jim Gorman, formerly of Modern Market Initiative and BATS, is now director of Media Relations and Internal Communications at Mizuho Americas. ~JJL Xavier Rolet of LSE has written a piece for the FT titled “Europe’s debt bias chokes small business and job creation.” ~JJL Marketing guru David Kelbaugh is the featured speaker today from this summer’s Chicago sessions of MarketsWiki Education World of Opportunity.~JJL The CME Group’s Emini Russell 2000 futures had volume of 120,559…

NYSE Told Major Outage in 2015 May Have Broken Securities Rules; The Race to the Speed of Light Is Accelerating; Rolling Back the Fiduciary Rule – a Primer on Making (and Unmaking) a Regulation John Lothian Newsletter,Newsletter

First Read Solidifying an American foothold: LSEG’s UnaVista and MTS platforms look to expand Spencer Doar – JLN The London Stock Exchange Group has plenty of reasons to be in the news due to its pending merger with Deutsche Boerse, but while all of those discussions take place, parts of the LSEG family are making moves of their own. The two arms in motion are MTS, a bond trading platform, and UnaVista, a back and middle office platform for reconciliation, reporting, matching and validation. Both are in a similar situation — they have a large presence in Europe but not…

Fraser Bell, BSO – Change Is The Only Constant MWEd,Video,video

“Technology is affecting everyone. Just simple things we take for granted have a massive, massive infrastructure behind them, a massive amount of money behind them, and a massive amount of intellectual capital to make technology seem very simple.” In this MarketsWiki Education video, Fraser Bell, chief revenue officer with BSO, outlines how fast things can change and how easy it is for us not to notice. Inevitably, some of those in attendance at the event had to Google directions to get there.  But how many people look up information on the computer in their pocket while thinking about the thousands…

Steve Hamilton, CurveGlobal – Demystifying the Current Trading Environment Feature,MWEd,Video,video

Steve Hamilton, COO of CurveGlobal, doesn’t buy the over-the-top headlines about the state of trading. To him, the evolution of the market has been logical, and not as drastic as some would have you believe. The bottom line is that people still make trading decisions based upon risk taking and risk mitigation, and then discover price in order to execute their strategy. The change has been the venue where this occurs — a screen rather than a pit.    In this video from JLN’s MarketsWiki Education event in London, Hamilton runs through the shift from the pits to the screen,…

We Have Liftoff: Wolfgang Eholzer on the New Eurex Trading Platform Interview,Tech / HFT,Video

Wolfgang Eholzer

Wolfgang Eholzer, head of Eurex Trading IT, has seen his share of technology changes to exchange platforms. The latest, and biggest of his career, was the creation of a brand new trading platform for Eurex, called T7. In this video, Eholzer spoke with John Lothian News editor-in-chief Jim Kharouf about building the new system and the thought process that went into the project, which has been rolled out gradually beginning in December 2012 and is now complete. In Eholzer’s view, the goal for T7 was to deliver three major benefits: more capacity, lower latency and improved functionality. While most exchanges…