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Tag Archives: market manipulation

Cboe’s year of change; Committee for Options Markets?; VIX lawsuit developments Newsletter,Options

Observations & Insight FIA IDX 2018 – Brexit’s Influence on Global Markets JohnLothianNews.com MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is no time to rest on the laurels of a successful implementation with Brexit looming. Brexit cuts across all the other issues on FIA’s plate in Europe. One aspect of MiFID II left unresolved is equivalence assessments, which are impacted by Brexit. The Emir review this year, with its…

JPM’s $65m ISDAFIX fine; EU HFT rules; Blockchain for margin and collateral? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MontrÈal Exchange announced new futures on exchange-traded funds (ETF) and trust units are now available.~JJL The European Banking Authority released its 2017 annual report. A few of the key areas earmarked for extra focus in 2018 are: preparation for Basel III implementation, improving credit risk modelling, developing a common framework for non-performing loans, and third-country equivalence.~SD According to a recent study from FTSE Russell, “the green economy represents 6 percent of the market capitalization of global listed companies, approximately US$4 trillion.” That’s roughly the same as fossil fuels. ~SD Bank of Canada…

TT’s Biondo Says AI Can Tackle Spoofing And More Feature,Mwiki,Video,video

It’s been eight months since Trading Technologies purchased AI-driven regulatory software firm Neurensic. Since then the firm has integrated the software into the TT platform and rebranded the service as TT Score. Jay Biondo, product manager, surveillance at Trading Technologies, spoke with John Lothian News at the FIA IDX 2018 conference about how the technology can be adapted to multiple market users from trading firms to regulators. The software is designed to find and alert firms of trading patterns that may be questionable or potentially illegal. Biondo said the firm is looking to ramp up alerting with a method called…

Barclays CEO Hit With $850k Fine; Former JPMorgan trader charged FX fixing John Lothian Newsletter,Newsletter

First Read 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 Masters, is…

New Deutsche Boerse chief; Bank bond-rigging case; Americans don’t know why they buy Bitcoin John Lothian Newsletter,Newsletter

First Read WILD Women Make Sound Investment Decisions; Women will have $22 trillion of investing wealth by 2020 By Sarah Rudolph – JLN Managing Editor Now that women actually have their own money, they – like men – need to know how to make it grow with savings and investments. Women are projected to have $22 trillion of the investing wealth by the year 2020 – they had better know what to do with it. Women in Listed Derivatives (WILD), which has become well known for its efforts in the advancement of women in the financial industry, brought together another…

Newest Criminal Spoofing Case Features Coordinated Spoofing and Front Running Blog,Commentary,Feature

The following is a guest post by Renato Mariotti, a former federal prosecutor and partner at Thompson Coburn LLP.   On last Thursday, June 1st, the Justice Department entered into a plea agreement with a trader named David Liew, publicly revealing the existence of the third-ever criminal spoofing case, which had been filed under seal on January 3rd. In the plea agreement, Liew admitted that from December 2009 to February 2012 he conspired with other precious metal traders to engage in spoofing on hundreds of occasions and to commit fraud by misleading other market participants via his spoof trades.  Liew’s…

Who trades options the most? Millennial investors; EU’s Market Rules Revamp May Be Slower Than Traders Fear; Suspicion of VIX manipulation Newsletter,Options

Observations & Insight Hurdling Options Obstacles: OptionsPlay Finds Advisors Need as Much Help as Retail Investors Spencer Doar – JLN When trading options, the options chain is both an advertisement and entry point for the retail investor. But for an options novice, a chart of prices for puts and calls is not the most clear or engaging means of joining the fray. Founded in 2012, OptionsPlay has some 70,000 users and aims to remove the clutter and noise from trading options with straightforward explanations, strategy visualizations, strategy recommendations and technical data and analysis. What founder Mark Engelhardt and crew didn’t…

Manipulation in the VIX?; Options Suggest Traders Overconfident About Inflation Forecasts; Opec – Brent crude options volatility eases ahead of OPEC decision Newsletter,Options

Observations & Insight MIAX Options: Consolidated Audit Trail (“CAT”) Fee Dispute Resolution Rule Mondovisione MIAX Options filed with the Securities and Exchange Commission a rule filing to adopt MIAX Options Rule 1713 that will establish the procedures for resolving potential disputes related to fees to be charged to Industry Members related to the National Market Plan Governing the Consolidated Audit Trail. jlne.ws/2rU7pmX ++++++ The CAT Scratches: Fees on Options Exchanges Spencer Doar – JLN Seeing the above MIAX press release got me thinking about these Consolidated Audit Trail (CAT) fees and why there would be reason for dispute. Please note,…

Context for Compliance: The Big (Bad) Behavior Picture Fintech,Video,video

Analyzing all the trading data out there is difficult, especially for regulatory purposes. Compliance officers have to take the big picture into account when examining data for bad behavior in the markets. Jim Austin, the CEO of Vertex Analytics, Inc., announced that it was National Bring Your Daughters and Sons to Work Day during his FinTech Exchange Conference presentation, and put some children to work on stage to demonstrate the evolution from pit to screen trading and the importance of compliance officers. “Everyone knows the floor is not there anymore,” Austin said. “But all that was tracked back then was…