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Tag Archives: proprietary trading

Spot Trading Closes; EU Fintech Regulatory Roadmap; EU probes UK derivatives tax treatment John Lothian Newsletter,Newsletter

First Read Renato Mariotti for Illinois Attorney General; A Former Prosecutor and Current JLN Reader Is The Best Choice For Illinois AG John Lothian – JLN Democratic Attorney General candidate Renato Mariotti stopped by the John Lothian News offices in the Chicago Board of Trade Building on Tuesday, March 6 for a sit down video interview. He has been a John Lothian Newsletter reader since 2012, and he used the market and industry knowledge he gained from reading the newsletter to bolster his success as a federal prosecutor. Mariotti is a former prosecutor in the US Attorney’s office in Illinois…

Top Options Stories of 2017 Countdown Feature,Video,video

Correction: SROs did NOT begin reporting to the Consolidated Audit Trail in November – the deadline for implementation was indeed delayed.  For a CAT update, see our January 2018 video with Thesys CAT Chief Compliance Officer Shane Swanson.  Listicles are occasionally the butt of jokes – Buzzfeed knows – but what about listideos? With 2017 in the bag, we at JLN thought we’d recap the year in options with a list of the big stories and trends – and there were a number. Below are links to stories referenced in the countdown. When a theme is addressed, the linked story…

Oil Signals to Watch in 2018; 2018, the year of the active fund manager?; Chicago firms gear up for MiFID Newsletter,Options

Observations & Insight Editor’s Note There will not be an edition of JLN Options tomorrow – we will be back January 2, 2018. So, this marks our last email (on a pretty thin options news day) of an extremely eventful year, yet one historically devoid of volatility. Here’s to 2018! Maybe the VIX will hit 30, the short vol trade will get busted up, market makers will proliferate, fees will decrease, capital rules will make sense, roses will smell better and a whole bunch of other stuff. See you then. Lead Stories Five Oil Signals to Watch in 2018 Alex…

Chicago firms gear up for MiFID II; EU exchanges clash with customers over fees; South Korea Considers Closing Bitcoin Exchanges John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff This is the second to last edition of the John Lothian Newsletter for 2017. Tomorrow we will publish JLN, but not JLN Options or JLN Asia Pacific News.~JJL Eurex‘s trading calendar for the new year can be found HERE.~JJL There were a couple of commodity related explosions this week. First, a Libyan crude oil pipeline was blown up by suspected terrorists, helping move prices. It is believed it will take a week to get the pipeline back online. Then there was an explosion at an Argentinian grain terminal owned by COFCO that killed…

Volatility Is Low But Ambiguity Is Sky High; Clearing forex options; War on Dutch prop shops Newsletter,Options

Observations & Insight (Click for larger image) Lead Stories Volatility Is Low But Ambiguity Is Sky High Ben Eisen – WSJ Two academics are rolling out a new measure of market fear that suggests investors aren’t nearly as complacent as they seem. The gauge of so-called ambiguity, meant to chronicle the degree of uncertainty investors have in the probabilities they use to make decisions, has been at all-time highs in recent months, indicating that there’s more fear built into the stock market than common measures of volatility suggest. The Cboe Volatility Index, a popular metric for tracking fear in the…

Bond wolves; Hedging for the shale boom; Jump Trading shakeup; More BTC Newsletter,Options

Observations & Insight Jim Kharouf Resigns as CEO of John J. Lothian & Company, Inc.; Will Continue Work with Company in Freelance Role Jim Kharouf is stepping down as CEO of John J. Lothian & Company, Inc. at the end of the year after having assumed the role on January 1, 2017. Kharouf is leaving the company as an employee, but will continue to work with John Lothian News and John Lothian Productions as an independent contributor. He will also be exploring his own bespoke initiatives, including in the Fintech sector. Despite accomplishing much during his tenure at the company…

HFTers adjust; “Low” VIX in context; Chinese firms rush to FX hedges Newsletter,Options

Lead Stories High-frequency traders adjust to overcapacity and leaner times Nicole Bullock – Financial Times Recalling the years around the financial crisis may still bring a shudder to many on Wall Street, but for high-speed traders 2008-2009 were pay dirt. The high-frequency trading industry was still in an early stage. Recent regulatory change, opening the way for competition, and computing advances had paved the way for its rapid development. As markets took fright through the crisis, there was plenty of price volatility and high volumes of asset dealings — the raw materials for any trader to make money. jlne.ws/2ydkdKX ****SD:…

Dark Trading Could Triple in Europe; SEC Defends CAT Plan After Hack; Regulatory ‘false choice; John Lothian Newsletter,Newsletter

First Read Hits & Takes A KISS Goodbye In case, you missed it, (and we did), the deadline for Project KISS from the CFTC ended on September 30th. If you want to see who said what about whatever can be improved on Dodd-Frank, all comment letters can be found here.. Among the names included on the KISSing contest were CME Group, which had a number of proposed rules it found problematic, including the Reg AT and position limits rule, not to mention liquidity resources which somehow do not count US Treasuries. Good reading, and only 37 pages for Christopher Kirkpatrick,…

Sun Trading up for sale; Plight of Deutsche Boerse’s Kengeter; MiFID negotiations John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Resumes from students interested in the MarketsWiki Education Recruiting event on October 16 are starting to flow to us. If you know of a student who may be interested in an internship opportunity in the industry, please direct them to www.marketswikieducation.com. Look for the “Send Us Your Resume” link in the upper right. Our sponsors for the event so far include CBOE, Geneva Trading, OCC, ED&F Man Capital Markets, Fidessa and NFA.~JJL Students attending our MarketsWiki Education Recruiting event can get a FREE studio quality photo taken at the event, courtesy of…