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Tag Archives: SEC

NYSE in Talks to Buy Chicago Stock Exchange John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff For those of our readers who celebrate Easter, I hope this Easter holiday brings your family health, happiness, and lots of love.~JJL Easter is the only time when you can put all your eggs in one basket and get away with it.~JJL We included a link to a WSJ infographic earlier in the week titled “10 Years After the Crisis.” It contained info regarding what has changed in the time since the financial crisis. Apparently, since it was published, a senior WSJ editor tried to take it offline because it contained facts that…

CME Group Seals Deal to Buy U.K.’s NEX for $5.4 Billion John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MarketsWiki Education World of Opportunity series dates are set for Chicago and New York. This is the 6th year of the series that began in 2013 in Chicago. The New York events will again be held at Nasdaq at the Marketsite in Times Square. Nasdaq will again be an event sponsor. The Chicago series will be held on July 30, 31 and August 2. The first two days will be at the Stuart School of Business at Illinois Tech. The last day will be in the offices of Trading Technologies. Both IT…

Intercontinental Exchange Announces Marketing and Communications Leadership as Kelly Loeffler Prepares to Depart John Lothian Newsletter,Newsletter

ICE

First Read Hits & Takes JLN Staff Chris White and Viable Markets have invited me to participate in their Crypto Evolved – The Innovator’s Conference. The conference will look at “As Wall Street Meets Silicon Valley, Who Will Dominate the New Crypto Currency Frontier?” The conference will be held on June 27 at the New York Athletic Club.~JJL Kelly Loeffler is leaving her role as head of communications for ICE – did you know she is co-owner of Atlanta’s WNBA team, the Dream? ~SD A big thank you to Kelly Loeffler for her service to ICE and the industry. I…

The Spread – Week of 3/19 to 3/23 Commentary,Video,video

The JLN team is back in Chicago  to bring you a more conventional episode of The Spread. Thank heavens our teleprompter was back in action – ad libbing a poolside chat was wicked difficult. You are likely up to date on the potential Biden v. Trump title fight that was in the headlines this week, but are you up to date on the week’s happenings in options? The following are stories referenced in this week’s episode: Reuters – CFTC ‘astounded’ as Congress prepares to cut budget WSJ – SEC Urges Exchanges to End Standoff on Trading Data Bloomberg – Volcker…

Bank regulators to revise capital rules for trading risk; The Growing Influence of Asia In Derivatives Trading Newsletter,Options

Observations & Insight Congressional CFTC Budget Decision Lacks Vision and Reason John Lothian – JLN A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million…

Top Regulator Worries About Crypto Market Manipulation; CFTC ‘astounded’ as Congress prepares to cut budget John Lothian Newsletter,Newsletter

First Read Congressional CFTC Budget Decision Lacks Vision and Reason John Lothian – JLN A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million to…

CME pursuit of Nex reflects shift in US money markets; SEC fine of radio presenter puts watchdog on the line; Bloomberg and Reuters see market share in data slip John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday my six foot six inch tall son Robby was diagnosed with a partially collapsed lung, or spontaneous pneumothorax, which is common in tall, thin youth. As a result, I had to miss the Ken Heath Awards presentation where Leo Melamed was one of the winners of the award. I also missed the open house for the new offices of Gate39 Media. Robby is doing well, though he is in a pediatric ICU unit. He is more used to visiting me sitting in a hospital bed than the other way around.~JJL ICE has…

Cryptocoin Market Met Its Match?; Blackstone, Thomson Reuters Said to Weigh Tradeweb IPO, Sale John Lothian Newsletter,Newsletter

First Read More Questions Than Answers For A Potential CryptoMarketsWiki ICO John Lothian – JLN In the announcement of CryptoMarketsWiki last week, I mentioned that the project would explore the initial coin offering process from an editorial and strategic perspective. If our due diligence works out, we may go ahead and conduct an ICO and use the token in our business operations. But there are lots of questions to answer before we get there. In fact, there are lots of questions we don’t even know yet, let alone know the answers. However, if we are going to build the central…

Financial fragility rising; Clayton “not happy” with CAT delay; VIX action Newsletter,Options

Lead Stories Goldman Sees ‘Financial Fragility’ Rising in Markets Joanna Ossinger – Bloomberg Early-February VIX spike might be a symptom of a larger issue; There are reasons to believe ‘liquidity is the new leverage’ Markets are becoming their own worst enemies, according to Goldman Sachs Group Inc. The stock-market rout in early February that caused a spike in the Cboe Volatility Index is a symptom of growing “financial fragility,” or big swings in prices caused by breakdowns in markets themselves as opposed to changes in fundamentals, an economist at the bank wrote Monday in a note to clients. To make…