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Nasdaq Sues Rival Exchange, Alleging Stolen Tech Secrets; New Worry in ‘Repo’ John Lothian Newsletter,Newsletter

First Read The Patent World By Jim Kharouf We’re back in court today. Nasdaq has filed suit against Miami International, the parent company of MIAX, the youngest of the US options exchange groups. On Friday, Nasdaq announced it had filed suit for patent infringement and stealing Nasdaq secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. In Friday’s top story from Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at…

John Lothian Newsletter: Deutsche Börse to set up Europe’s first multi-asset RMB platform; Banks seek OTC clearing lifeline; Illegal activity on Wall Street still widespread, says Wall St John Lothian Newsletter,Newsletter

One Part At A Time John Lothian’s shoulder surgery went well yesterday, and he’s due to return home today. Straws will be his favorite utensil for a while. We’ll keep you posted on his progress. First Read Swimming With the Sharks in Miami Beach: Shelly Brown of MIAX Talks Competition Sarah Rudolph, JLN As the the newest independent options exchange, having launched on December 7, 2012, MIAX has had impressive growth considering the odds of competing against 11 other established exchanges. We spoke with MIAX’s CEO Shelly Brown at the Options Industry Conference in Miami Beach earlier this month about…

John Lothian Newsletter: Asia’s Oldest Bourse Plans IPO As Third India Rival Opens; FSA Mulls Tougher HFT Controls; Bowles Will Oppose Libor Repo Market Replacement John Lothian Newsletter,Newsletter

BSE in India plans an IPO in the coming months, as newer competitors open their doors. In England, the FSA concludes a four-month look at high frequency trading and considers new rules to define that sector. A European reform agency has taken a look at the state of LIBOR in recent weeks, and believes that replacing it with repo market alternatives would be a mistake. If your company is looking for good people to hire, consider posting your job on the MarketsWiki Job Postings page. There’s no cost to list the openings there, and it’s a popular page with the…