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Tag Archives: SEC

Crypto Exchange Kraken Is Laying Off 57 Employees John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff AFM Chairman Pat Kenny asked me to plug the AFM Autumn Workshop, Current Technologies and Market Trends, in London on September 12, 2018. The workshop will look at the impact that blockchain and cryptocurrencies are making in established markets and processes. Registration is HERE.~JJL I really liked Tim McCourt’s message from his MarketsWiki Education World of Opportunity presentation: always keep learning. Nice job, Tim. Thank you for participating.~JJL Cumberland, part of DRW, has done a rebranding.~JJL FINRA has published an article, “Here’s How to Avoid Crypto Stock Scams.~JJL Yesterday’s top story about TT…

JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets John Lothian Newsletter,Newsletter

First Read X_TRADER Transformed The Industry: Now It’s Time To Do It Again Jim Kharouf – JLN The announcement that Trading Technologies will be shutting down its X_TRADER platform is not a big surprise. But what that platform has done over its 25-year lifespan certainly is. And what the new TT platform may do in the coming months and years may be equally astounding. Taking a look back, there’s not a single ISV trading platform that has had a greater impact on the industry than X_TRADER. Launched in 1994, the technology that included patented breakthroughs like the ubiquitous price ladder…

London’s Tribes of Finance Face Off John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff If you are a broker or CTA, or are interested in learning more about those aspects of the markets, come to the NIBA’s September 13 Chicago Conference at the CME Group. Learn more and sign up HERE.~JJL Yesterday, FIA President and CEO Walt Lukken reacted to Chairman Giancarlo’s speech on cross border regulation post Dodd-Frank: “We welcome Chairman Giancarlo’s leadership to reconsider the CFTC cross-border approach, particularly as it relates to access to clearing. We look forward to providing the agency input at the appropriate time.”~JJL Women in Listed Derivatives (WILD) is continuing…

The Trader Who Shattered UBS Now Faces His Own Reckoning John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff FinTank now has its own YouTube channel and has posted video from their numerous events.~JJL American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American financial institutions, is looking for interns for the fall, spring and summer. They are looking for motivated undergraduate and graduate students in economics, business, finance and other related fields who wish to spend a semester working in the marketing or research departments of the exchange. The internships are based in Chicago. For further information, please contact Rafael Marques at AFX Internship Program: rmarques@theafex.com.~JJL Good…

CME Group floats B share buyout plan; SEC urges completion of CAT John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The most recent episode of “The Spread” – JLN’s options news recap – can be found here. ~SD If you are not a fan of “The Spread” and Spencer Doar, you should be. It is fun to see his creative and whacky side come out while sharing the news in the world of options trading. And by the way, we are looking for a firm or firms willing to sponsor this video series.~JJL In Wells Fargo’s most recent quarterly SEC filing, there were 6,250 words dedicated to legal liabilities and “efforts to rebuild…

Illinois Court refuses to dismiss indictment against software developer in spoofing conspiracy case John Lothian Newsletter,Newsletter

legal gavel

First Read Hits & Takes By JLN Staff On Wednesday, Matthew Kelly of the CME Group taught the law merit badge to a group of scouts as part of the Trading Tech 300 program for the 3rd year in a row. Thank you to Matt and his associates who helped, and to the CME Group for hosting this workshop. I greatly appreciate the CME Group’s historical support for Scouting.~JJL Yesterday, our friends at US Bank held a personal finance merit badge clinic as part of Trading Tech 300. Thank you to US Bank for the incredible experience you gave the…

Wall Street’s sector shakeup will let more tech stocks shine John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Register now for Eurex’s Derivatives Forum in Stockholm, which they are co-hosting with Danske Bank and SEB! This year’s conference will focus on key issues that will shape the derivatives industry of the future. Find the complete agenda here.~JJL Register today for the Montreal Exchange’s next webinar and find out how to use TD’s Advanced Dashboard and its options trading tools. For more details and registration click here.~JJL FIA’s Walt Lukken was a guest on the Feehery Theory Podcast talking about “10 years, The great disruption, Sports as metaphor.”~JJL Michael Shore, a…

A Messy Battle Brews in the Options Market John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Whenever CME Group and Nex Group close their deal, it is expected to boost to CME’s international revenues 35 percent, according to a Q1 report from the exchange.~JK ++++ Tom Scanlan and NEX Group ran a Trading Tech 300 merit badge workshop yesterday in Chicago, featuring the geocaching merit badge. Thank you to Tom and NEX for their great contributions to Boy Scouts. More data on the problem with overfitting: according to a recent study covering 215 alternative beta strategies from 17 investment banks (which included both backtest and live data), only…

CME pulls ahead in race to control bitcoin futures John Lothian Newsletter,Newsletter

First Read Custody Battle Brewing Over Crypto Assets, and That’s a Good Thing Jim Kharouf, JLN It was just a few months ago that the cryptocurrency markets were bemoaning the lack of institutional-grade custody services. Without them, no right-minded fund or asset manager was going to get anywhere near this market. And if they did, they had already written their firm’s obituary and put it in a drawer just in case. It reads something like this: “Thank you, dear customer, for investing your hard-earned fiat currency into our kick-ass digital asset fund. Unfortunately, someone in the Seychelles, Pyongyang, Kiev, Tehran…