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AI is changing this industry. Now what? Blockchain,Blog,Commentary,CryptoMarkets,Feature,Fintech

I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world.   What is patently clear is that AI is here now and is only going to expand. As Jay Biondo, product manager, surveillance at Trading Technologies told me, it’s everywhere already – from Amazon’s Echo (usually called Alexa) to Netflix’s suggested picks. It’s part of Charles Schwab’s brokerage service which will allow its brokers to service thousands instead of hundreds of customers, according to Jack Boyle, vice president derivatives & trading support at Charles Schwab,…

The Massive Hedge Fund Betting on AI; U.S., EU fines on banks’ misconduct to top $400 billion by 2020 John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Former JLNer Doug Ashburn‘s mom, Margaret Anne “Margie” Ashburn, 72, of Creve Coeur, died Saturday, September 23, 2017 at her home. Details on services are posted here. Our sincere condolences go out to Doug and Nancy Ashburn and family. PricewaterhouseCoopers Global FinTech Report 2017, reported that 77 percent of survey respondents in financial services are expected “to adopt blockchain as part of an in production system or process by 2020.” ~JK And now a note from a great musician Matt Scharpf of Eurex. “Once again I am participating in Rocktoberfest sponsored by…

JLN Managed Futures: How Whipsawing Grain Prices Are Affecting ADM, Cargill; Barclay CTA Index down 1.71 per cent in June; Here’s why ETFs are overtaking hedge funds Managed Futures,Newsletter

Observations/Commentary Video Killed the Radio Star: J2’s Esposito Stresses Importance of Digital Media JohnLothianNews.com “Video is king. Video is everywhere.” Joan Esposito, co-founder of the media consulting firm J2 Strategic Communications, said that more companies are putting CEOs and other key personnel in video for their websites, internal communications and external strategies. “That’s wonderful because it puts a human face and hopefully a passionate face on the company,” she said. “But if they make a video like that and they are dull or not energetic, or not passionate, or not clear, that’s not helping your company.” Watch the video »…

JLN Managed Futures: AlphaMetrix settles with Commodities Futures Trading Commission; CTAs exit drawdown, setting new high watermarks in November 2014; Man Group Buys Merrill Lynch’s $1.2 Billion Fund of Hedge Funds Managed Futures,Newsletter

Observations/Commentary AlphaMetrix settles with Commodities Futures Trading Commission By Lynne Marek, Crain’s Chicago Business The Commodity Futures Trading Commission has reached a settlement with former futures fund manager AlphaMetrix that requires the defunct company to pay $5.6 million, though it’s unlikely that payment will ever be made in full. The agreement was filed yesterday in the U.S. District Court for the Northern District of Illinois in Chicago and a hearing on it is scheduled for Dec. 16. It calls for AlphaMetrix to pay restitution of $2.8 million, plus interest, and a civil monetary penalty of $2.8 million. While there would…

John Lothian Newsletter: ITG Considers Making Bid for ICE’s Nyfix Trading System; Fed Issues Final Rules for Foreign Banks; Man Group steps up search for deal to diversify business John Lothian Newsletter,Newsletter

First Read A Journey to Excellence John Lothian Ryan Lothian is leaving John J. Lothian & Company, Inc. and John Lothian News. After five years of helping us build our social media infrastructure and news organization, he is moving on to the next chapter in his career, a job managing digital projects with the Cook County Forest Preserve. One can’t understate the influence that Ryan has had on the growth and development of our enterprise since 2009. His skill in designing websites, graphic design and technical integration has helped give John Lothian News and John Lothian Productions a reputation of…

John Lothian Newsletter: Man Group Debt Downgraded by Moody’s After Assets Decline; CME to begin clearing silver forwards; SEC Pays $50,000 in First Dodd-Frank Whistleblower Reward; GFI may buy an exchange John Lothian Newsletter,Newsletter

Man Group Plc’s (EMG) credit rating was cut by Moody’s Investors Service.  CME Group has new plans to begin clearing silver contracts, adding that alongside its gold-clearing operation. The SEC rings the bell and hands out its first Dodd-Frank whistleblower payout.  GFI Group, looking at new regulations requiring many transactions to take place on an exchange or trading platform, says that maybe the best answer is to just go buy an exchange in order to keep business going in the right direction.