Breaking News

Tag Archives: SEC

Eris Exchange to Create Crypto Market Backed by DRW, Virtu John Lothian Newsletter,Newsletter

First Read Brexit Has Industry Participants Prepping For “Worst Case Scenario” Jim Kharouf – JLN Industry participants are preparing for a worst case scenario with the UK Brexit coming next March. Frustration with the process and lack of political leadership was palpable at the World Federation of Exchanges Annual Meeting in Athens. On a Brexit panel Thursday, industry executives said the damage to UK and EU markets could be severe. “Brexit is making the European market smaller and it will take years to rebuild,” said Jarkko Syyrilä, head of public affairs at Nordea Wealth Management. “Politics is completely destructive. We…

Inside Danske’s EUR200bn ‘dirty money’ scandal John Lothian Newsletter,Newsletter

First Read Build or Buy? Exchanges Continue to Branch Out For Revenues Through Acquisition Jim Kharouf – JLN Exchanges are continuing to look at two areas for revenue growth – consolidation and acquisition of non-exchange service firms, according to a new report from Burton Taylor. – The report, presented at the World Federation of Exchange’s General Assembly and Annual Meeting in Athens and authored by Andy Nybo, shows that ICE topped exchanges in revenue in 2017 with $4.6 billion, followed by CME with $3.6 million, Deutsche Boerse with $2.7 billion, LSE Group with $2.5 billion and Nasdaq with $2.4 billion….

Charles Schwab Has a $3.6 Trillion Edge on the Fintechs John Lothian Newsletter,Newsletter

First Read Exchange Legacy: WFE Tackles The Question Of The Role Of Exchanges. It’s Much More Than You May Think. By Jim Kharouf – JLN Can exchanges change the world and shape the future? This goes well beyond the traditional mantras that derivatives markets help set prices and offset risk, or stock markets help raise capital for companies. Hats off to the World Federation of Exchanges’ General Assembly and Annual Meeting, being held this week in Athens to ask the questions such as: What is the exchange & CCP role in bringing economies back to life? How do they best…

How Dirty Money Disappears Into the Black Hole of Cryptocurrency John Lothian Newsletter,Newsletter

First Read Introducing Bitmain By Thom Thompson – JLN In preparing for its IPO, Bitmain, a Chinese bitcoin-mining services firm, has provided detailed insights into its operations. As one of the largest business entities in the industry and occupying as it does a central position in the industrial organization of bitcoin, Bitmain’s filings reveal a lot about the forces behind cryptocurrency economics. BitMain Technologies Holding Company is the world’s largest producer and seller of bitcoin mining equipment. On Wednesday, September 26, they filed a much anticipated (draft) prospectus for an IPO on the Stock Exchange of Hong Kong. Since it’s…

CFTC and SEC Binary Options Enforcement Actions; SEC sues Tesla John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Part 2 of my interview with Eurex as part of their 20th anniversary celebration was published yesterday.~JJL Today is your last day to save on #FIAExpo registration. Keynote speakers include New Power author Jeremy Heimans and CFTC Chairman Christopher Giancarlo. ~JJL Bloomberg reported that Elon Musk Wanted to Impress Girlfriend With $420 Price, SEC Says.” No word on whether he first said, “Here, hold my beer and watch this!””~JJL The City of London plans to restrict traffic on some key roads in order to accommodate more people working in the area in coming…

Fortunes Made and Lost on Weed in Wildest Single Day of Trading John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The World Economic Forum issued a report “Building Block(chain)s for a Better Planet.”~JJL CQG Desktop Version 3.6 is out. Would it show my age if I said I used to use System One?~JJL If you haven’t seen Ray Dalio‘s thoughts about how our economy and country looks a lot like 1937, it is worth a look.~JK Yesterday, pot stock Tilray went full Icarus. Trading was halted multiple times for volatility reasons after it soared from ~$150 to nearly $300, then erased all its gains. Fun times. See CNBC’s As investors chase pot stocks…

The Wild West days of crypto exchanges are coming to an end John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff HERE is a link to the Virtual Markets Integrity Initiative Report from the Attorney General of the State of New York that has spawned so many stories in today’s newsletter.~JJL Ed Tilly of Cboe will be riding in the Wall Street Rides FAR this year for the first time with this Cboe colleagues. Cboe Global Markets is a diamond level sponsor of Wall Street Rides FAR, an organization that promotes autism research through an annual series of charity bike rides outside of New York City. You can donate HERE to support Wall Street…

The Risk of Derivatives Isn’t Gone. It’s Merely Morphed John Lothian Newsletter,Newsletter

First Read Look Who’s Talking By Thom Thompson, John Lothian News Last week many of us were surprised to hear EF Hutton talk again – Wow! They exist? – when Hutton issued three press releases over eight days. Hutton has emerged as potentially much cooler, socially conscious version of a money machine and not just because the money takes the form of cryptocurrency. It seems that Hutton’s brand had been hanging out somewhere deep in Citigroup until half a dozen years ago when it was resurrected and sent out to fare on its own. EF Hutton today is a broker…

New York sues U.S. to stop fintech bank charters John Lothian Newsletter,Newsletter

First Read How blockchain may be used to create “smart cities” – an interview with Paul Doherty, founder and chairman of The Digit Group By Matt Raebel, John Lothian News Paul Doherty, founder and chairman of The Digit Group (TDG), a company that designs, builds, and maintains what he calls “smart cities” around the world, was one of the speakers at Chicago’s 2018 “Voice of Blockchain” event at Navy Pier last month. In 2017, Doherty accompanied Donald Trump on his trip to China as part of a delegation of 30 CEOs from major U.S. companies. The trip proved fruitful for…