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Beijing summons top Wall Street bankers for tariff talks; Life lessons from Lehman John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The 85th Annual Market Structure Conference from the Securities Traders Association, titled “Shaping the Future” will be on October 3 to 5 at the JW Marriott in Washington, DC. Charlie Cook, Political Analyst and Editor of The Cook Political Report will be Friday’s featured speaker. FIS is holding a webinar SPOTLIGHT: Margin in 2018” on September 13.~JJL The CTA Expo this week is presenting Leo Melamed with the seventh CTA Expo Lifetime Achievement Award for his contributions to the managed futures industry.~JJL CME Group’s Tim McCourt gave a terrific MarketsWiki Education World of…

Wall Street Erases the Line Between Its Jocks and Nerds John Lothian Newsletter,Newsletter

First Read Report from the International Blockchain Congress By Chuck Mackie and Sarah Rudolph – JLN The second International Blockchain Congress (IBC) took place on Friday at the Aon Center in Chicago. Topics ranged from crypto trading to smart contracts to the regulations surrounding ICOs. While the Congress was run much more efficiently than the first version, which fell hours behind schedule, this iteration saw much less in the way of attendance and speakers from outside the U.S. That said, a couple of speakers from Asia shed interesting light on cryptocurrency markets that those in the West rarely see or…

Mobius Says Trade War Is Just a Warm-Up Act for Financial Crisis John Lothian Newsletter,Newsletter

trade war

First Read Hits & Takes JLN Staff It was a great day at Nasdaq for the Trading Tech 300 program. Thank you to Nasdaq and Allan Schoenberg for their support for this merit badge clinic that taught public speaking and communications. Today is the second day of MarketsWiki Education World of Opportunity, this one held at Nasdaq in Times Square. We have a great lineup of speakers, including Oliver Albers, Mike Beller, Kevin McPartland, Maura Cunningham, Sadia Halim, and Bailey Kessing at the 1 PM session. Bruce Morris, Ralf Roth, Jeff Bandman, David Weisberger and Gary DeWaal finish the program…

It’s WAR! Newsletter,Options

Observations & Insight TGI (Tariff) Friday SD – JLN Round 1 of the official tariff tiff began last night. How are you feeling? While foot traffic has diminished in downtown Chicago this week as vacations take their toll on active headcount and the usual “summer quiet” stories making the rounds, I don’t feel lulled (other than the dearth of options specific news). The “lack of lull” feeling isn’t totally out of place. Daily notional turnover on U.S. NMS exchanges in June was $350.1 billion compared with a summer norm of <$300 billion. (July has been slower thus far.) “China this,…

SIX launches crypto platform; Trade war begins; Credit Suisse fined John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Darin Diller, a former futures operations industry veteran (J.P. Morgan, Geneva Trading USA, Newedge and First Capitol Group), passed away from natural causes as a result of advanced diabetes on July 1, 2018. He was 50.~JJL The latest Financial Data for FCMs report is out from the CFTC.~JJL At 12:16 AM I tweeted this story because I could not sleep: “Sleep deprivation is part of our productivity problem“~JJL The Boy Scouts of America closed the backcountry season for the Philmont Scout Reservation due to extreme wildfire conditions.~JJL I am signed up for a…

OCC Rebranding; Accidental HFT Firm; VIX Curve; Trade Tensions Newsletter,Options

Observations & Insight Treasury Secretary Mnuchin says investment restrictions will apply to ‘all countries that are trying to steal our technology’ Evelyn Cheng – CNBC Treasury Secretary Steven Mnuchin said Monday that a forthcoming statement from the government related to reports of investment restrictions will apply to China and other countries that threaten U.S. intellectual property rights on technology. /cnb.cx/2InYKRn ****SD: I thought Mnuchin was supposed to be the moderating influence with Cohn gone? ++++ The Accidental HFT Firm Matt Hurd – TABB Forum To many, high-frequency trading remains a mystery. According to Matt Hurd, it is simply the law…

February’s “volmageddon” good for banks, brutal for hedge funds Newsletter,Options

armageddon

Observations & Insight Tangents of the day Spencer Doar – JLN The Wall Street Journal story Your Location Data Is Being Sold—Often Without Your Knowledge is an alt data industry story with tentacles reaching everywhere (we all use some apps right?). According to a cited research firm, 40 percent, or $16 billion, of all mobile ad spending was location targeted. Knowing where and when people are various places is big business and definitely tradeable information. It reminded me of a related recent story about the fitness app Strava that had a global heat map of activity. The problem? The heat…

JLN Environmental/Energy: May 18, 2012 Environmental/Energy,Newsletter

In this edition of EMN, the AP and other major outlets cover the first steps taken by the UN to craft a new pact. Long-time climate and business editor Todd Woody, writing for Forbes, takes a look at the California carbon market and the state’s budget woes. For its take, the San Francisco Chronicle points out the tough choices and lingering questions surrounding the California plan. The New York Times, meanwhile, reports high anti-dumping U.S. tariffs on Chinese solar panels.