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Tag Archives: STAC

This Is Where People Are Buying Bitcoin All Over the World; Who Wants to Be Bitcoin’s Watchdog? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Unsurprisingly, yesterday’s STAC panel on cryptocurrency, moderated by Bcause‘s Sean Ristau, looked to be the best attended. The lack of regulatory certainty is the biggest challenge in crypto, as no one is sure yet whether it is going to be considered a security or cash (SEC Chairman Jay Clayton has said “virtual currencies are unlike any commodity that the CFTC has dealt with in the past, and….pose challenges for the SEC as well.”) Clayton and CFTC Chairman Chris Giancarlo are scheduled to speak with the Senate on the matter next month. The CFTC…

John Lothian Newsletter: Discount Retailer Overstock Has New Target: Upending Wall Street; Goldman Sachs throws support behind IEX exchange application; European Dark Pools Expand in Face of Rules Limiting Their Use John Lothian Newsletter,Newsletter

First Read Chicago Board Options Exchange: Back to the Futures Spencer Doar – JLN Yesterday was the CBOE‘s annual press luncheon — a chance to hear from the horse’s mouth what has been going on in the stable. The key takeaway from CEO Edward Tilly and President/COO Edward Provost was the development of their next generation trade engine, CBOE Vector. Vector has been in the works for two years and and is ready to be rolled out, beginning in Q3 of 2016 for products listed on the CBOE Futures Exchange (CFE). The current system, CBOEdirect, traces its roots back to…

STAC Tackles Volatility, Social Media and Blockchain Blog

STAC Conference

The Security Traders Association of Chicago holds its Midwinter Meeting this week at the Hilton, bringing in industry participants from a variety of warmer climes than Chicago. Day one covered such seemingly disparate issues as volatility and volatility products, social media for traders, and Bitcoin/Blockchain technology.   Some highlights from the panel called “Volatility: Shaken Up with New Products and Less Risk”, moderated by the CBOE’s Matt Moran, included: If you look at skew worldwide, it is highest in the U.S.  One reason for this, according to Joe Aiken from Malachite Capital Management, is that most S&P option activity is…

2015 Conference on High Frequency and Algorithmic Trading Regulation,Tech / HFT,Video

When: Monday, November 2, 2015 Where: Illinois Institute of Technology, Stuart School of Business – Downtown Campus 565 West Adams Street Chicago, IL 60661 The IIT’s Stuart School of Business is hosting a conference on HFT and algorithmic trading on November 2, one day before the Fall 2015 STAC Summit, and two days before the start of the FIA Futures and Options Expo, both in Chicago. The IIT event will feature keynote speaker Craig M. Lewis of Vanderbilt University’s Owen School of Management as well as James Overdahl, former chief economist at both the SEC and the CFTC, along with…

Mary Ryan, TD Ameritrade – TD Ameritrade U: Who, What, When, Where, Why & How Tech / HFT,Video

“By increasing the financial literacy in a risk-free environment, we can decrease the age of the average investor…which is going to bring more traders and investors to the marketplace.” Mary Ryan of TD Ameritrade explains the TD Ameritrade U program, which serves to educate students on trading and the financial industry. Ryan discusses the types of tools used in the program, such as giving students access to actual trading platforms, market data and trading support. The goal is to give students the most accurate simulation so they can go out and begin trading in the real world. Ryan also explains…

Blair Hull – Getting the Edge: Blackjack and the S&P 500 Video

“What you need to be is persistent and disciplined in your strategy.” Blair Hull, founder and managing partner at Ketchum Trading, compares the similarities of playing Blackjack with trading the S&P 500. Hull is not only an experienced Blackjack player, but also has about 40 years of experience in the financial industry. He says that both Blackjack and trading can be approached using a similar strategy. Hull continues his explanation with diagrams and numbers to be aware of during the Blackjack and trading process and even correlates the deck of cards with amounts of dollars made per trade.

John Lothian Newsletter: JPMorgan settles forex manipulation lawsuit; Ponzi Victims Seek to Query Madoff Before It’s Too Late; Swap Markets Debate Anonymous Trading in SEFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces by John J. Lothian Every year the CBOE holds a press lunch in Chicago in January. It is normally a very nice affair with a good turnout of Chicago-based industry journalists. It was after last year’s press lunch that I wrote a column titled “The CME Should Buy the CBOE Soon.” On January 24, 2014 the price of the CBOE stock was about $50. It closed that day at $50.03. The lowest it has traded since that day is $46.73. Yesterday the shares in CBOE Holdings, Inc. hit $65.00. That is up 30% in about…

Steve Crutchfield – NYSE Amex Interview,Options,Video

JLN Options editor Sarah Rudolph spoke to Steve Crutchfield, CEO of the options business at NYSE Amex, about the 2012 Security Traders Association of Chicago (STAC) Conference and upcoming trends impacting the options market. Crutchfield, who spoke on a STAC panel titled “Cross Product Exchange Leadership,” discussed the Volcker rule and its effect on options, as well as trends in options volumes for 2012. Visit the NYSE Amex website. To see the agenda from this most recent STAC conference, click here.

Five Minutes with John Goode Interview,Options,Tech / HFT

John Goode

John Goode, the CIO of the Boston Options Exchange (BOX), recently participated in a panel on technology challenges for the derivatives industry at the Security Traders Association of Chicago’s Midwinter Conference. He spoke with JLN Options editor Sarah Rudolph about how BOX is addressing some of those challenges and expanding its technology offerings. Q: On the panel at the STAC conference, you mentioned a couple of new developments coming up from BOX, but you did not elaborate on them. What are the two new technology releases you mentioned? A: The year 2012 is going to be a busy year for…