Breaking News

Tag Archives: nasdaq

Oil to $80?; VIX pop; China opens access Newsletter,Options

Observations & Insight The Industry Discusses Cryptocurrencies and DLT JohnLothianNews.com At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This fifth video in the series is the first to cover the crazily popular cryptocurrency space and its technological underpinnings. In part one, Ed Tilly, chairman and CEO of Cboe, Drew Shields, Trading Technologies’ CTO, Thomas Flake, the co-founder and chief marketing officer of bcause, Kevin Darby, managing partner at Blue Trading Systems and Chris Hehmeyer, CEO of Hehmeyer Trading +…

US brokers secure SEC relief to comply with Mifid research rules; Startup Exchange Cleared to Take on NYSE, Nasdaq for Stock Listings John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Cinnober has introduced subsidiary Minium to provide real-time post-trade technology and services to international investment banks. ~JJL FIA Global’s Simon Puleston Jones addressed the House of Lords EU Financial Affairs Sub-Committee on the potential impacts of Brexit on the cleared derivatives industry. ~JJL Apologies – there was a problem with the link in yesterday’s Hits & Takes to the commentary by Jim Greco of TradingPlaces about Virtu and Bondpoint. Here is a new link, which has been double-tested for connectivity. Also, we have created a page for BondPoint on MarketsWiki. ~SR NFA:…

Volatility Is World’s Undervalued Asset; Acting Like Risk Doesn’t Exist Newsletter,Options

Lead Stories Volatility May Be the World’s Only Undervalued Asset Class Doug Kass – RealClearMarkets I have argued that risk is underpriced because in large measure of the structural changes in the markets and participants positioning. Risk is an ever-present condition that cannot be eliminated, though it can be shifted through time and redistributed in form. bit.ly/2yNJED8 Sometimes You Beat the Bear. Lately, the Bear Beats You. Stephen Gandel – Bloomberg Investors have spent at least $2.6 billion this year on funds that are supposed to protect their portfolios in a market crash. Instead, those funds, rather than insuring their…

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…

Cohn Says Clearinghouses Could Create New Systemic Problem; EU and US agree to accept each other’s derivatives rules John Lothian Newsletter,Newsletter

First Read Hits & Takes Jenny Knott stepped down as CEO of NEX Optimisation. FIA is hiring two people for its communications department: a director of communications working with senior management to develop, implement and coordinate our overall press and public relations strategy and thought leadership; and a director of editorial services managing member and industry communications, the production of editorial content and the delivery of that content to multiple audiences across multiple channels. More information is available HERE.~JJL Registration is now open for CMC’s annual State of the Industry Conference in Miami Beach — January 28-30, 2018~JJL Asia Pacific…

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…

CAT to boost cybersecurity threat?; FX markets stuck in low-volatility; Light trading volume in banks’ results Newsletter,Options

Lead Stories Audit Trail Could Boost Cybersecurity Threat, Exchanges Say Benjamin Bain – Bloomberg CBOE’s Concannon sees little benefit gained for greater risk; SEC facing calls to delay CAT until security can be ensured Stock exchanges could become more exposed to cyberattacks through a trade database being built to help U.S. regulators police markets, industry executives said Tuesday. jlne.ws/2ygTyNx ****SD: Not to be lost in this ongoing discussion: SROs helped write the requirements for the CAT. FX Markets Are Stuck in Low-Volatility Quicksand With No Escape Dani Burger – Bloomberg Currency markets are trapped by low volatility and only a…

CME, Linchpin of Chicago Finance, Says It’s Not Tied to the City John Lothian Newsletter,Newsletter

First Read How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities John Lothian News Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. /goo.gl/ZwUnYe ++++ Hits & Takes By JLN Staff We have closed registration for the…

Equity volatility schemes seen widely used; Volatility risk endures; Laszlo Birinyi’s calls Newsletter,Options

Observations & Insight Crypto Developments of the Week – There Were a Lot Spencer Doar – JLN The news just won’t stop in the crypto space and with the big exchanges making moves, new platforms seemingly launched every day, ETFs trying to get off the ground and regulatory concerns, it is worth reviewing some of the week’s news. Most of the developments were setbacks. Reuters has an expose out today about how chaos and hackers stalk investors on cryptocurrency exchanges. Plus, there are ongoing concerns about about transaction and transfer costs in bitcoin as Bloomberg laid out in today’s Paying…