Breaking News

Tag Archives: proprietary trading

Ed Haravon, Spot Trading – Ask Why? Opportunities in Financial Markets Video

“As you’ve all realized in your short time through your internships, for the most part this industry — and when I’m talking about this industry I’m talking about proprietary trading firms, exchanges, some the other service providers that support the business, so the industry at large — we really function more as applied science or applied technology companies, right?” Remember when you could see the action matinee double feature for a buck? Or when a cream soda cost a dime? At some point in time those favorite, stale references were simply the present. Ed Haravon, COO of Spot Trading, says…

John Lothian Newsletter: ICE Launches Electronic Trading Network for Credit-Default Swaps; CME and ICE warn on plan to force open European clearing houses; France, Germany urge ring-fencing, not ban of prop trading John Lothian Newsletter,Newsletter

First Read A Suspect Emerges in Stock-Trade Hiccups: Regulation NMS WSJ.com The Chicago Stock Exchange long ago ceased to be a major market hub. Its wood-paneled trading floor was boxed up and moved to the Art Institute of Chicago in 1977. Now all-electronic, it accounts for just 0.5% of shares that change hands nationally. Yet each of the millions of buy and sell orders issued around the world for U.S.-listed stocks each day must scan the Chicago Stock Exchange’s computers before it can be completed. jlne.ws/1hIndOT ***** At the STAC (Securities Traders Association of Chicago) Mid-Winter Conference last week, someone…

John Lothian Newsletter: Bats builds share in Russian names; China brokers boost prop trading profits; HKEx Appoints Group Chief Financial Officer John Lothian Newsletter,Newsletter

Bats Chi-X Europe more than doubles its market share for Russian depositary receipts over the last several months as it makes inroads into LSE territory. Securities brokers in China are doing better and better in their proprietary trading endeavors, while those practices are being increasingly outlawed in the West. Hong Kong Exchanges picks its new Group Chief Financial Officer.

Raj Mahajan, Allston Trading CEO, Talks HFT and the Business of Prop Trading Interview,Regulation,Tech / HFT,Video

Raj Mahajan

Raj Mahajan took the reins at Allston Trading as CEO in September 2012 and has spent a good deal of his time looking at the issue of high frequency trading (HFT). Allston has been one of the proprietary trading firms who has been willing to publicly discuss HFT, regulation and the future of that form of trading. Mahajan spoke with JLN’s editor-in-chief Jim Kharouf about HFT as well as the business challenges and opportunities for prop firms. Raj Mahajan Resources Raj Mahajan on MarketsWiki (link) Allston Trading on MarketsWiki (link) High Frequency Trading on MarketsWiki (link) High Frequency Trading Regulation…

SURFACExchange CEO Evgeni Mitkov Discusses the Potential for FX Options Financials,Interview,Video

Evgeni Mitkov

Evgeni Mitkov, CEO of SURFACExchange, launched the FX options ECN in August 2011. Just over a year later, they’ve attracted almost 50 firms by offering the ECN to currency options traders through a no-install browser-based platform. Mitkov spoke with JLN Editor-in-Chief Jim Kharouf during the Profit & Loss Forex Network Chicago, about how the FX market is holding up, how the participation base is shifting away from banks, and where the FX options space is moving.

George Bollenbacher of Kinetix Trading Solutions & Kim Olson of Deloitte & Touche Discuss the Volcker Rule Regulation,Video

Kim Olson and George Bollenbacher

Section 619 of the Dodd-Frank Act, the so-called “Volcker Rule,” would prohibit banking entities from engaging in proprietary trading of  and limit the ownership or sponsorship of hedge funds and other private funds, subject to certain narrow exceptions. The statutory effective date is July 21, 2012, followed by a two-year conformance period. There has been much discussion recently on the potential impact of the Volcker Rule and the timing of the statutory effective date. George Bollenbacher of Kinetix Trading Solutions and Deloitte & Touche’s Kim Olson discussed the regulatory response to the 17,000 Volcker Rule comment letters, the key challenges…

Steve Crutchfield – NYSE Amex Interview,Options,Video

JLN Options editor Sarah Rudolph spoke to Steve Crutchfield, CEO of the options business at NYSE Amex, about the 2012 Security Traders Association of Chicago (STAC) Conference and upcoming trends impacting the options market. Crutchfield, who spoke on a STAC panel titled “Cross Product Exchange Leadership,” discussed the Volcker rule and its effect on options, as well as trends in options volumes for 2012. Visit the NYSE Amex website. To see the agenda from this most recent STAC conference, click here.