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Tag Archives: Nex Group

CME completes £3.9 billion NEX Group acquisition John Lothian Newsletter,Newsletter

NEX

First Read Hits & Takes JLN Staff It is a big day for the CME Group. They completed their acquisition of NEX Group, they won the long overdue case brought by Eurex over the CBOT/Eurex US battle, and they announced October 2018 volume was up 38% versus October of 2017. That is what is called a very good day.~JJL Nearly $1MM was raised at the international charity A Leg To Stand On’s Hedge Fund Rocktoberfest in New York and events in Chicago and London. You can also donate to ALTSO by simply taking a picture, any picture, on the Donate…

CME Adds to Interest Rate Arsenal with Eris Licensing Deal Commentary,Exchanges, OTC & Clearing,Feature,Investing & Trading,Mwiki

The CME Group just moved even closer to its goal of becoming a one-stop shop for all things related to interest rates. CME and Eris Exchange entered into an exclusive licensing agreement Thursday allowing CME to list Eris’s USD Interest Rate Swap Futures. Eris still retains the intellectual property underlying the contract. “This news for us is a really big deal for the adoption of the Eris product globally,” said Eris Exchange CEO Neal Brady. “It just clears away a whole host of obstacles in people further adopting the product.”   But more than just removing obstacles for Eris, the…

CME pursuit of Nex reflects shift in US money markets; SEC fine of radio presenter puts watchdog on the line; Bloomberg and Reuters see market share in data slip John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday my six foot six inch tall son Robby was diagnosed with a partially collapsed lung, or spontaneous pneumothorax, which is common in tall, thin youth. As a result, I had to miss the Ken Heath Awards presentation where Leo Melamed was one of the winners of the award. I also missed the open house for the new offices of Gate39 Media. Robby is doing well, though he is in a pediatric ICU unit. He is more used to visiting me sitting in a hospital bed than the other way around.~JJL ICE has…

The Spread – The (Out)Take from FIA Boca Commentary,Video,video

After much travel and a spell of ill health, we can confidently say The Spread is back in action. Our “weekly” options news recap will be much more of a weekly affair now. (Flu season is pretty much over, right?) The JLN crew was at FIA Boca last week and your humble host really struggled without our usual teleprompter rig. As such, welcome to a rambling, stumbling version of The Spread that includes some outtakes from my poor pool performance. If you just want the behind the scenes action, skip to the last minute. The following are stories referenced in…

Bear Stearns Meltdown Wreck; Decision time for Michael Spencer; Deductive Reasoning or Insider Trading? John Lothian Newsletter,Newsletter

First Read Potential CME-NEX Deal Is Full of History, Dilemma, Risk and Reward John J. Lothian – JLN For many years, the Chicago Board of Trade had cash treasuries envy, wanting to add the trading of cash treasury bonds and notes to its offerings. For many years, the CME has had cash currency trading envy. Both exchanges, now part of the CME Group, have tried to compete in cash Treasury and FX through various collaborations and initiatives. None of them succeeded. Chicago Board Brokerage and FXMarketSpace are long gone, but the desire to add treasuries and cash FX trading has…

Blockchain to massively change commodities; Cboe’s Tilly predicts more consolidation; Chinese oil futures? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We are rolling out the first of the videos from the MarketsWiki Education recruiting event held the Monday of EXPO week in Chicago. The first video features Cboe’s Ed Tilly.~JJL Recall the “broker fee wars” earlier in the year? Fidelity, TD, Schwab and a whole bunch of others started slashing commissions and fees, bringing much of the $7 per equity trade shops down to $5 a trade and some of the discount brokers even lower. Then there’s tastyworks’ $1 to open/free to close options trading setup. Well, unicorn-valued trading app Robinhood just…

Blockchain Gets a Wall Street Win; Banks prepare to settle with Brussels over forex cartel probe John Lothian Newsletter,Newsletter

First Read   Hits & Takes By JLN Staff Do you have a nomination for the Public Representatives for NFA’s Board of Directors? NFA is now taking nominations. ~JJL CME Group has updated their most popular whitepaper with the latest data and an all-new section comparing Treasury futures to Treasury notes.~JJL The United Church of Christ’s United Church Fund has modernized their exclusionary screening process. They have kept exclusions of Coal and Tar Sands Oil, Tobacco and Nuclear Weapons. They have added Firearms, Private Prison Operators, Human Rights and Environmental Impact as considerations. Here is a video about it. ~JJL…

Spot Trading cuts headcount; Wall Street Fines Fall in Trump’s First Year; J.P. Morgan’s Mobile Payments Struggle John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Exchange Analytics has released a new Market Conduct Training Course.~JJL The World Gold Council reports that gold-backed ETF holdings increased by 3.3 in October to 2,347.6 tonnes. Europe led inflows, as investors added 11.2t of gold through funds; North America had outflows of 8t, reversing some September gains; funds in Asia gained 0.8t, but ETFs in other regions lost -0.7t in October. This is amid a year-on-year 9% drop in general demand for gold to 915 tonnes.~SR The CME’s Blu Putnam and Erik Norland have another piece out comparing the characteristics of…

Regulatory Preparedness: Are We There Yet? Feature,Video,video

“The nature of what firms want to buy in this space has changed dramatically. They don’t want an integration project, they don’t want a problem.  They are really looking for suppliers who can deliver everything in one place — kind of a one stop shop. Trade once, report it everywhere is the ideal.”  – Collin Coleman, CEO of Abide Financial As MiFID II implementation looms, firms can take some solace in knowing the general pathway forward, though there are still Q & A’s floating around and standards yet to be released. In this video, Christian Voigt, senior regulatory adviser with…