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How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities Blog,Feature,Fintech,Interview

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. Q: When you look at the AI/machine learning space, where is this industry going and where does it fit in for TT? A: Now we have another tool in our toolbelt. We’ve been providing a new, unprecedented level…

Volatility slump defies election shock; Independent US oil producers increase hedges for 2017; Profiles in Uncertainty – Election Night Lesson in Market Dynamics Newsletter,Options

Observations & Insight How we talk Jim Kharouf – JLN My column yesterday, What Just Happened about the election of Donald Trump as the next president of the United States struck a chord with readers. We received more reader feedback on this column than we have in some time, some negative, some supportive. Here are a few. “Thanks for this insightful OpEd. You articulated so many feelings I’m still trying to process.” And this: Wow, what an ignorant, cheap shot to smear nearly 60 million Americans that way. Deplorables, right? As a life-long New Yorker, I’ve watched Trump in action…

Impact: Navigating Regulation and What Comes Next, Part 3 Feature,Mwiki,Regulation & Enforcement,Video,video

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 3 of our three-part series, Matt Rees, chief relationship officer at R.J. O’Brien; Justin Llewellyn-Jones, COO of Fidessa; Geoff Sharp, managing director and head of sales at Eris Exchange; David Widerhorn, CEO of Neurensic; and Alex Lamb, head of business development Americas and head of marketing with Technancial, spoke about the increasing complexity and cost of regulations, in particular for FCMs, and the opportunities to be had…

Tayloe Draughon, Neurensic – Futures Industry AI and Machine Learning Feature,MWEd,Mwiki,Regulation,Video

“As you seek worlds of opportunity, look for areas in which there are problems, because if somebody is having problems, there are going to be opportunities.” Recent advancements in technology have led to a monstrous spike in trades and trade messaging. Meanwhile, new regulations are requiring banks, brokers, dealers and futures commission merchants to not only store all of this new data, but also to conduct surveillance for trade infractions such as spoofing, layering or “banging the close.” One particular challenge is that these new regulations require proof of intent, that is whether a trader or trade algorithm intentionally broke…

FinTech Exchange Chicago: Future Is Now For Some FinTech and Right Around The Corner For Other Technology Commentary,Tech / HFT

FinTech Exchange 2016 Chicago was no wistful exercise in futurology last month. It was firmly set in the do-or-die present of technological solutions and opportunities. Chicago may not be thought of as a fintech hub among key global financial centers such as New York or London, but the homegrown talent was out in force along with a slew of imported presenters on the forefront of finding and pioneering new technology opportunities. The themes were well known — big data analytics, blockchain, machine learning and the necessity of reimagining the assumptions around how a business runs. And of course, the event’s…

John Lothian Newsletter: Financial PR spins a new global story; Markit acquires interest in commodities price reporting agency PRIMA; Innovation chief Bradley departs Eurex John Lothian Newsletter,Newsletter

First Read The Economy Is Rigged, and Other Presidential Campaign MythsBy N. GREGORY MANKIW – NY TimesIf you want to learn about the economy, there are good and bad places to go. Probably the worst source of reliable information is the current crop of presidential candidates. Dissembling and exaggeration are no strangers to politics, but this year’s campaigns have been particularly egregious.goo.gl/4pwDNM ***** There used to be lies, damn lies and statistics. Now there are just damn lies. ++++ CHX Confirms SNAP Auction Starting DateBusiness WireThe Chicago Stock Exchange (CHX) confirmed that May 13 is the date it will introduce…

John Lothian Newsletter: Wall Street Banks Have Basel’s Ear in Pushback on Market Risk; Nasdaq readies ‘Ocean’ dark pool for banks and brokerages; Global regulators move closer to regulating fintech John Lothian Newsletter,Newsletter

First Read One Step Ahead: Can Silicon Valley Help, Compliance? By Jim Kharouf, JLN If you are chief compliance officer at a firm – brokerage or fund – what if you could tell if the customer or one of your traders was about to do something bad, wrong or illegal? The operative words are “about to.” Chicago-based start-up Neurensic says its can do this now using artificial intelligence technology to identify behaviors that could threaten a firm’s well-being and prevent that firm, bank or broker from incurring regulatory actions that trigger hefty fines. Last fiscal year, the Commodity Futures Trading…

John Lothian Newsletter: CME loses ground to LCH.Clearnet in swaps clearing battle; SGX announces successful launch of SGX Bond Pro; US adds weight to group pushing for strong climate deal John Lothian Newsletter,Newsletter

First Read Asia’s One Track Mind By Jim Kharouf, JLN As one former regulator put it, “Even the regulators in Asia are more concerned with growth.” That sums up the FIA Asia conference pretty well in Singapore this week. While the regulatory fatigue continues in the US and Europe, Asian exchanges are looking at things such as executing new strategies that improve cooperation between markets as well as access and rolling out new products. Western exchanges have also jumped into the region with ICE Futures Singapore off the ground and Eurex and CME looming. CBOE announced an education partnership with…

John Lothian Newsletter: China promises to make currency yuan freely traded by 2020; SGX establishes connectivity with CME Group co-location facility; Morgan Stanley’s James Gorman Elected to New York Fed Board John Lothian Newsletter,Newsletter

First Read Tomorrowland: The New Wave Of Technology Is Here By Jim Kharouf, JLN This is where Silicon Valley innovation meets LaSalle Street, Wall Street and the City. The FIA’s move to debut its Innovation Hall at this year’s FIA Expo, highlighting startups in the fintech space, is another indication of just how far fintech has come over the past several years. In the wake of Dodd-Frank, European regulations and other structural changes in the industry, many in the industry wondered if existing or new firms would be able to create new technology to address such challenges, as well as…