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Tag Archives: NEX

Policymakers Saved the Financial System; CME-Nex deal filed with UK regulators John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Dawn D. Stump was sworn in to serve as a Commissioner of the CFTC yesterday at the Fearless Girl Statue in New York City; former CFTC Commissioner Jill E. Sommers administered the oath of office.~JJL CME Group’s market cap stands at $58.4 billion, up from $54 billion in March.~JK CTA Expo is holding the second day of its 2-day event today in Chicago for the managed futures space.~JK Gate39 Media has published two pieces in a series on managed futures marketing and business development by Jim Kharouf for Gate39. Part one is on…

Custody Battle Brewing Over Crypto Assets, and That’s a Good Thing Blockchain,Commentary,CryptoMarkets,Feature

cryptocurrency dollar

It was just a few months ago that the cryptocurrency markets were bemoaning the lack of institutional-grade custody services. Without them, no right-minded fund or asset manager was going to get anywhere near this market. And if they did, they had already written their firm’s obituary and put it in a drawer just in case. It reads something like this: “Thank you, dear customer, for investing your hard-earned fiat currency into our kick-ass digital asset fund. Unfortunately, someone in the Seychelles, Pyongyang, Kiev, Tehran or all of the above has stolen our crypto assets. With regret, we will be liquidating…

Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud John Lothian Newsletter,Newsletter

fraud

First Read Hits & Takes JLN Staff In case you missed it in yesterday’s JLN, Wired’s piece featured the quote of the day from venture partner Jimmy Song, the blockchain skeptic. “You’re a hammer-thrower just looking for nails.”~JK There appears to be something important going on in London this weekend involving a train, a veil and lots of funny hats.~JJL The Pope says credit default swaps are unethical. Let this be the beginning of a discussion, not a jump to conclusions about CDS or what “ethics” mean in the business world versus the church world.~JJL Also, you can read the…

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…

CME rules out asset sales after Nex deal; Euronext eyes post-Brexit opportunities John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Compliance And Regulatory Liaison, from Trading Technologies, available April 1, 2018 TT.~JJL If you missed our early edition of The Spread – our options-related news recap – last week, check it out here. Baseball, volatility milestones, Oprah – there’s a bit of everything in this one.~SD At Boca I recommended a great April Fool’s Day press release. I recommended an exchange put out a press release saying they were listing a futures contract on vibranium. Evidently, they could not figure out how to make clearing and delivery work for a fictional metal.~JJL See…

The Spread – Week of 3/26 to 3/29 Video,video

Heyo! Markets in 2018 = not boring. This week in The Spread we cover gyrating indices, a gigantic deal, the resurgence of “exotic” ETPs, the Easter holiday, the start of the MLB season and a few sour notes in the financial media space. The following are the stories referenced in this week’s options-related news recap: CNN – Disgraced Aussie cricketers return home after ball tampering ban Reuters – Exchange operator CME Group to buy Britain’s NEX for $5.5 billion Financial News – CME plans hundreds of job cuts after £3.8bn NEX takeover Automated Trader – Automated Trader Homepage BuzzFeed News…

CME to buy NEX; White House Amazon Whiplash Adds to Tech Volatility Newsletter,Options

Observations & Insight Editor’s Notes There will not be a JLN Options newsletter tomorrow, as major U.S. and European markets will be closed for Good Friday. Japanese and Taiwanese exchanges will be open. An interesting development in ags via USA Today – U.S. soybean acres planted to exceed corn acreage for the first time in 35 years. Hope everyone has a great holiday weekend and enjoys the start of the MLB season. (I’ll refrain from baseball partisanship – there are some office schisms…) Lead Stories Exchange operator CME Group to buy Britain’s NEX for $5.5 billion Noor Zainab Hussain, Sinead…

13-Year High for Nasdaq Fear Premium; Lessons from Corrections Past Newsletter,Options

Lead Stories Tech Stocks Fear Premium Just Jumped to a 13-Year High Luke Kawa – Bloomberg The disruptors are getting ditched as tech fear spreads well beyond Facebook. /bloom.bg/2uxHl74 ****SD: Different chart on same subject from Bloomberg. Also from the WSJ – Tech’s Risk Bill Comes Due The Lesson From Stock Corrections Past? 200 Days of Pain Lu Wang, Sarah Ponczek and Elena Popina – Bloomberg S&P 500 fell 14% on average in five similar selloffs since ’09; Current rout would rank at bottom in duration if ended now Remember the last time stocks fell so hard? You probably don’t,…

Potential CME-NEX Deal Is Full of History, Dilemma, Risk and Reward Blog,Commentary,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Mwiki

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 never disappeared. Now, if CME Group’s confirmed interest in NEX Group becomes a deal, it can add both…