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John Lothian Newsletter: ICE beats CME to Trayport with $650m deal; Nasdaq in talks to buy Chi-X Canada for about $100 mln; End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders John Lothian Newsletter,Newsletter

First Read Paris by John J. Lothian I love Paris. I just visited this great city twice this fall, and three times in the last 13 months. My heart goes out to the residents of Paris and those impacted by these barbaric acts. I am heartbroken at the loss of human life in these attacks. Of course the reaction has been to fight violence with violence in the form of air attacks against ISIS, who claimed responsibility. But violence begets violence. We also need to find a way to respond with love. Justice for those who are guilty, but only…

John Lothian Newsletter: McKinsey warns banks face wipeout in some financial services; ECB to use STOXX GC Pooling indices as new euro secured benchmark rate; Incentives in futures markets attract scrutiny John Lothian Newsletter,Newsletter

First Read Spread the Word; Grow the Pie By John J. Lothian How can you help this industry grow and help make the markets more dynamic? The answer is easy. Help us fill up our FREE London events on October 14 and 15 and help us attract and bond as an industry with the next generation of industry professionals and participants. We need the energy, intellect and perspective of young people to help our markets grow. You can help by passing along our event information (HERE), and strongly recommend young people you know in London, or those who may be…

John Lothian Newsletter: Asset Managers Team Up to Develop Standards for Dark Pools; INTL FCStone president to step down; No Escape for China Hedge Funds Overwhelmed by Stocks Crash John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Our condolences to McGladrey partner John Hague on the passing of his wife, Carrie Pruchnik Hague. Mrs. Hague passed away over the weekend. Visitation details are here Our friends at Phillip Capital are looking for a vice president of risk management. I can send you the job description if you are interested, just email me. Kristen Wiberg is now a sales manager with Algomi, an information matching service for the fixed income market. She can be reached at kristen.wiberg@algomi.com Advantage Futures quarterly magazine, InsideAdvantage is available here Did I mention that…

A World of Opportunity Returns To London! Blog,Special Report

MarketsWiki Education is headed back to London next month for another round of our World of Opportunity speaker series geared toward “the next generation of market participants” – college students, interns, young professionals and anyone interested in the financial markets. We will hold three sessions, one on October 14 and two on October 15, all at Nasdaq, Woolgate Exchange, in the heart of the City’s financial district. The events feature executives from the CME Group, Nasdaq, London Metal Exchange and Euronext as well as fintech entrepreneurs, proprietary traders, bankers, regulators and more. Registration is officially open! With generous support from…

A Complicated Relationship Blog,Commentary

John Lothian

Patrick Young is headed back to the Bürgenstock Conference of the Swiss Futures & Options Association for the first time in several years to host a rerun of the “Crossfire” panel he once popularized. He is bringing his well-known wit and blistering charm to this once legendary international forum of industry leaders. Burgenstock has not aged so well in the years since Crossfire was a thing. It lost its beautiful venue atop a mountain overlooking Lake Lucerne and has bounced around Switzerland to alternative locations that lacked the unique qualities of the Bürgenstock site. The new CEO of the SFOA,…

John Lothian Newsletter: Nasdaq Launches ‘NFX’ to Trade Energy Derivatives; Deutsche Boerse, CME final bidders for FX platform 360T; CFTC plans more scrutiny over algorithmic trading John Lothian Newsletter,Newsletter

First Read Scooped: What The Nikkei Deal Means For The Derivatives Industry Jim Kharouf – John Lothian News Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing over Rupert Murdoch’s buyout of the Wall…

New Energy: Nasdaq Prepping For Launch Of Nasdaq Futures Interview,Video

Nasdaq Futures was announced in March with a goal of shaking up the energy futures markets. Since then, Nasdaq’s team has been busy building infrastructure and signing up new members. The question is, will they challenge the likes of CME Group’s Nymex or the Intercontinental Exchange? Hans-Ole Jochumsen said that Nasdaq Futures, or NFX, has the model to compete with established markets. Its partnership with OCC will clear its natural gas, crude oil and power futures contracts at a mere 4 cents per side. That, coupled with the Nasdaq trading engine, GENIUM INET, that is common to many in the…

John Lothian News Special Report: Unchained: How Blockchain And Bitcoin Are Going Mainstream Special Report

Adam Honoré, CEO of the fintech consulting firm MarketsTech, keeps a stock certificate on his wall of a dot com bust called Broadvision. While it’s a painful reminder that he is a much better technologist than stock picker, that certificate is now emblematic of a new technology – blockchain – that could ultimately change the structure and infrastructure of financial markets. Blockchain technology, defined as a ledger of all Bitcoin transactions that have been executed, both threatens and offers a unique opportunity for the financial markets. Because blockchain technology is able to hold critical information on the ownership of a…

John Lothian Newsletter: China’s stock index futures unseat S&P to become world’s most traded; A Bitcoin Technology Gets Nasdaq Test; Big Sugar Order Gives Prices a Jolt John Lothian Newsletter,Newsletter

First Read Keeping Tabbs on the Options Industry Sarah Rudolph – John Lothian News The outlook for the options industry is a lot less sunny than the skies in Miami Beach, if you listen to the Tabb Group’s Andy Nybo. The industry faces major challenges right now, including a lessening of liquidity, widening bid-ask spreads, and market fragmentation, Nybo told the audience Thursday morning at the Options Industry Conference in Miami Beach. A recent Tabb study found that these are particular problems for institutional traders, he said. Overall spreads have widened, but the tiering of liquidity has created a bifurcated…