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Opposition mounts as CME looks to slim down its board John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s LaSalle Street Trading Tech Awards program was good fun for a good cause, despite the absence of one John Lothian. (His surgery went well – you can tell because he’s tweeting again.) Over $150k was raised to help Scouts from underserved areas of the city get exposure to finance, witness corporate life and develop leadership skills. How often do you get to see industry leaders in campaign hats?~SD Nodal Exchange and IncubEx launched their first tranche of North American Environmental contracts today. The new contracts, which mark the expansion of Nodal Exchange’s…

Stock Traders Say Brexit Deal ‘Dead in the Water’ as Raab Leaves John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Matthew Kelly of the CME Group is participating in Movember and growing an awesome beard and mustache. You can donate to Matthew’s campaign to support men’s health HERE.~JJL BrokerTec is now available in CME DataMine, offering market data across the range of U.S. Treasury products.~JJL CME Group announced Wednesday that Apple co-founder Steve Wozniak is the 14th recipient of the CME Group Melamed-Arditti Innovation Award. CME Group presented the award on Nov. 13 at the 11th annual Global Financial Leadership Conference in Naples, Fla.~SR Are you a Prime member? Not that one. Eurex…

Look at issuing digital currency, IMF head tells central banks John Lothian Newsletter,Newsletter

First Read Coinigy Joins with Merkle Data to Provide Enhanced Data Thom Thompson – John Lothian News Coinigy, the Milwaukee-based cryptocurrency trading front-end and data service, announced an agreement Tuesday in which Merkle Data would provide its three cryptocurrency indexes to Coinigy’s customers. Merkle Data provides analytics and risk solutions to crypto institutions in part by analyzing the publicly available data that are a hallmark of the blockchain economy. Coinigy offers its customers a trading interface that is connected to 15 different cryptocurrency platforms. Customers can use the Coinigy interface to access their own accounts at the cryptocurrency platforms, providing…

SGX launches new securities settlement and depository system John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s Cult Wines seminar in Chicago brought the business of wine investment to the city. This unregulated $5 billion market offers some interesting alternative investment tidbits, including: the wine index LIV 1000 data shared at the event showed lower volatility than benchmark indexes such as MSCI over the past 3-, 5- and 10-year periods. Burgundy was the fastest growing region from Cult Wines’ investors, accounting for 22 percent of investments.~JK At the Cult Wine seminar in Chicago, a late fact disclosed was a 15 percent upfront management fee for the services of the…

What’s Behind the Spike in VIX ETFs? Newsletter,Options

Observations & Insight Cyber Security: If You Are Not Compliant, You Are Not Secure Jeff Bergstrom – John Lothian News If there is one phrase dreaded by all types of businesses in the US, it has to be “government regulation.” So it was surprising to hear nearly all the speakers at the 2018 Global Cyber Security Initiative meeting last Friday agree that what their industry really needs is more regulation. That almost unbelievable claim does come with a number of caveats, however. The afternoon session began with Dr. Sujeet Shenoi, F.P. Walter Professor of Computer Science at the University of…

Meet the Robot Who Knows How to Trade Bonds Better Than You Do John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff On Sunday I commemorated the end of World War I and Veterans Day in the US by attending a program at Elmhurst College put on by a local VFW group. The Elmhurst College band played, local Boy Scouts participated in the flag ceremony and veterans spoke of their experience. It was a moving program. I enjoyed the historic music played the most. During the ceremony I reflected on the fact that my grandfather, for whom I am named, celebrated his 18th birthday in a trench in France. And last week, my wife’s stepfather,…

Bringing Nasdaq’s Derivatives Franchises Together Blog,Feature

Kevin Kennedy now has two jobs. Formerly just the head of U.S. options for Nasdaq, he’s now also the head of the Nasdaq Futures Exchange (NFX), a post left open by the departure of Rick Beaman.   Kennedy inherits a still nascent endeavor – it was formed in 2015 – that is largely focused on energy products. Despite its youth, NFX has hit some home runs. NFX’s natural gas options have plenty of traction and the exchange’s open interest in energy products represents 11.5 percent of overall U.S. energy product open interest. The challenge now is to grow NFX’s participatory…

Cboe’s problems don’t end with the VIX Newsletter,Options

Observations & Insight The Spread – A Rising Tide Lifts All Exchanges – 11/2 JohnLothianNews.com It seems like everybody in the options exchange space is busy setting records, and there were positive developments on the regulatory front. It’s been a good few weeks for the industry. Watch the video and see the stories referenced here » Lead Stories Cboe’s problems don’t end with the VIX Lynne Marek – Crain’s Chicago Business (SUBSCRIPTION) “Angry Chris” Concannon was on full display at a Securities & Exchange Commission meeting in Washington recently to discuss stock market data fees. Concannon, president of Cboe Global…

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…