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Jeffrey Tessler elected as Eurex Frankfurt and Eurex Clearing Chairman John Lothian Newsletter,Newsletter

First Read Rumi Morales Announces Joining Outlier Ventures at “Launch, Lunch & Learn” Sarah Rudolph – JLN Rumi Morales, the former head of CME Ventures, is now a partner at the London-based blockchain investment company Outlier Ventures. She and Jamie Burke, the CEO of Outlier, announced the news and spoke about the company’s plans Wednesday to a packed room at the Connectory in Chicago’s Merchandise Mart. Morales will head up Outlier Ventures’ Chicago branch, which the company expects to be a launch pad for expansion into the rest of the U.S. She and Burke said they are looking 3-5 years…

Hedge Fund Managers See Echo of Past Crashes in Markets John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff CryptoMarketsWiki.com will be launched later today in what we are describing as a soft launch. More details to come.~JJL Eurex Clearing announces its first US-based general clearing member, INTL FC Stone US.~JJL Had enough of this planet? Want to get off? You are in luck. Become a citizen of the nation of Asgardia and hope it makes good on its promise to colonize the moon (it already has 200,000 citizens and a government).~JB ++++ FIA IDX 2018 – Coalescing Liquidity, Periodically JohnLothianNews.com Cboe Europe CEO Mark Hemsley recalls how a few years ago,…

Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel at their own game John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC’s rebranding video has a very “Birdman”-esque percussion accompaniment. (But then again, I’m a biased drummer.) The full lowdown on the OCC’s rebranding can be found here.~SD FIA is a recruiting a new director of compliance and regulation for its European policy and regulation team in London. The new hire will replace Robert Barnes, who is leaving his role as director of regulation later this summer to rejoin the UK regulator, FCA, as part of its Brexit team. Rob originally joined FIA in 2013 from FCA, where he had been part of the…

Ex-Goldman Exec Pushes ’70s Fix for Bond Market’s Big Problem John Lothian Newsletter,Newsletter

Bond

First Read Hits & Takes JLN Staff The Crypto-Evolved event in New York on Wednesday still has some tickets available. In fact, you can click on THIS LINK and sign up with a 25% discount for being a reader of this newsletter. Please take a look at the promotional video we produced, starring TT’s Mike Unetich for more information on the conference.~JJL Join DePaul University for the upcoming Federal Trade Commission event: “Decrypting #Cryptocurrency Scams.” Speakers include representatives from the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, and the Chamber of Digital Commerce. And our friend…

A new generation of anti-Americans; SEC judges appointment violated Constitution John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff We have produced a promotional video for the Crypto Evolved event in New York on Wednesday at the New York Athletic Club. Trading Technologies’ Mike Unetich visited our offices to give the conference a plug. Please take a look and visit www.crypto-evolved.com for more details.~JJL FIA Operations Americas Division members are invited to enjoy food, drinks and an exciting game of baseball at the 18th Annual Summer Outing in Chicago. Join the Operations Americas Division for the Sox v. Yankees on 8/8. Get the details and register~JJL FIA Announces Fourth Annual Innovators Pavilion…

Cboe’s year of change; Committee for Options Markets?; VIX lawsuit developments Newsletter,Options

Observations & Insight FIA IDX 2018 – Brexit’s Influence on Global Markets JohnLothianNews.com MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is no time to rest on the laurels of a successful implementation with Brexit looming. Brexit cuts across all the other issues on FIA’s plate in Europe. One aspect of MiFID II left unresolved is equivalence assessments, which are impacted by Brexit. The Emir review this year, with its…

Wall Street wants more female traders; EU emerging as new markets sheriff John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff A number of CME disciplinary notices hit the wire yesterday, most pertaining to violations of Rule 575.A. (Disruptive Practices Prohibited). One individual, another individual and a brokerage were penalized for spoofing-related activity (entering and canceling orders to get a fill on the other side or to determine depth of book). Another notice was for misreporting block trades. Lastly, there was a fine assessed to JPMorgan for a nat gas position limit violation. ~SD Eurex held a technology and regulatory update in Chicago yesterday. The room was full during the trading engine updates, less…

Professor Who Rang VIX Alarm Says Tether Used to Boost Bitcoin John Lothian Newsletter,Newsletter

bitcoin 100 bill

First Read Hits & Takes JLN Staff We have added Jaclyn Bouchard, senior manager, Global ESG Disclosure and Engagement at S&P Global, as a speaker at our MarketsWiki Education World of Opportunity series in New York. She will be speaking on July 9 at Thomson Reuters.~JJL The lineup for the New York series on July 9 at Thomson Reuters in Times Square is Cboe’s Bryan Christian, Reuters’ John McCrank, Citadel’s Allison Gott, Sullivan & Cromwell LLP’s Ken Raisler, BNP Paribas’ Amanda Rajkumar and S&P Global’s Jaclyn Bouchard The lineup for the New York series on July 11 at Nasdaq is…

Two big UK banks shift some euro clearing from London to Frankfurt John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Jim Kharouf has written a terrific piece for FIA’s MarketVoice titled “The Sun Finally Shines on Carbon Markets.”~JJL NFA has brought a complaint against Lee Stern‘s LBS Limited Partnership, an introducing broker, regarding deficiencies in their anti-money-laundering program.~JJL Women in Derivatives are holding an event in Washington, DC today from 5 to 8 PM, “Transforming Finance: The Impact of Emerging Technologies.” The keynote address is by CFTC Chairman Christopher Giancarlo.~JJL Register for the LME’s free forum in New York on 25 June and join panellists from Triland Metals Limited, Ferrometrics Partners LLC, Hartree…