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Tag Archives: proprietary trading

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…

My Journey Through the Financial Industry – Amy Shelly Feature,MarketsWiki Education,MWEd,Video,video

“Go find your friends. That’s the start of your networking skills. Learn how to go up and talk to people. Have a conversation, be interested in what they’re saying and tell them what you’re looking for and what interests you.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Amy Shelly, CFO at the OCC, talks about her winding path through the industry. Shelly spent the early part of her career in banking, spending seven years with Goldman Sachs and three with JP Morgan. Shelly moved on to work for Hull Investments as an accountant where she…

Breaking Down Managed Futures – Jay Feuerstein Feature,MarketsWiki Education,MWEd,Video,video

“It’s a strategy that makes money over time, but actually makes a lot of money when the world blows up.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jay Feuerstein, managing director at Budo Group, talks about managed futures and their role within finance. Feuerstein says the best time for managed futures was during the ‘87 and ‘08 market crashes. Managed futures can be volatile when interest rates fluctuate, and since the Fed is slowly starting to raise rates, it could be a good sign for an industry segment which has struggled so far in 2017.

Day Trading the VIX; The Exec Securing Money With Blockchain; LME considers starting lithium contract John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff ICE has committed more than $1 million to relief from Hurricane Harvey. You can donate through them too.~JJL CME Group will hold a Tech Talk 6.0 event on September 14 in Chicago at the Museum of Broadcast History. Topics to be addressed include Trending FinTech, Alternative Data, Innovation in the Cloud and Analytics: From Sports to Finance.~JJL Keith Fishe of TradeForecaster Global Markets offered some feedback from his daughter about this summer’s MarketsWiki Education World of Opportunity series in Chicago. Thanks Keith!~JJL Yesterday we added pages for Thomas Laux, Manfred Matusza, Gregor…

How to be a Successful Trader – Jennifer Wilson Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“People who do well, they stick around. They invest more money and make the markets more efficient. People who don’t do well generally move on pretty quickly to other opportunities.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jennifer Wilson, partner at DRW, discusses what it takes to be a successful trader in today’s markets. When Wilson was starting out in the late ‘90s, the floor was a microcosm of pure commerce. Traders were doing what was best for their book which created a steady balance of supply and demand. In today’s electronic markets, things operate…

Brand New: Hehmeyer Moves Into Managed Futures & More Blog,Commentary,Feature,Video,video

Sometimes it’s time to diversify. Chris Hehmeyer formed a new firm called Hehmeyer Trading & Investments LLC that will expand into the managed futures and introducing broker space. The renamed company comes from his prior firm, HTG Capital Partners, which acquired Kottke & Associates in late 2016. The new name helps simplify things for Hehmeyer, who has integrated HTG’s proprietary trading operation along with Kottke’s commodity trading advisor and introducing broker business. Hehmeyer, who serves as CEO of the the new entity, sees plenty of opportunity in the CTA business. He said there is an appetite for non-correlated investments and…

Flash Crash Trader Sarao Pleads Guilty to Fraud, Spoofing; Top high-frequency trader Teza to quit proprietary trading; Trump Expected to Seek Deep Cuts in Business Regulations John Lothian Newsletter,Newsletter

First Read 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 for…

Jeff Levoff, Partner, DRW – Make a Market: Proprietary Trading in the Modern Era MarketsWiki Education,Video

“This is not a get-rich-quick scheme. It’s hard work to try to find positive expected value. That’s what we do every day.” Conceptually, proprietary trading is easy. One must follow two simple steps – finding positive expected value and managing the risk of positions taken. The devil, as always, is in the details. When Jeff Levoff, partner at DRW, began in the business, positive expected value was an easier proposition. A simple Black-Scholes based software suite would spit out theoretical values, and market makers like Levoff would actively bid below theoretical value, offer above it and – voila! – positive…

Rob D’Arco, Rival Systems – Technology: the Center of the (Financial) World Blog,MarketsWiki Education,Video

“It’s an exciting time for technology in the trading industry. Never before has technology been so instrumental across all aspects of the financial markets.” When Rob D’Arco was tasked with the design of an options trading platform 15 years ago, he was admittedly nervous. Though his management consulting and technology background had prepared him for the assignment from a competency standpoint, he knew nothing about trading environments and trader mentality, aside from a few horror stories about working with traders and trading groups. In the end, he was pleasantly surprised by how easy it was to work with the traders,…