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Michael Kraines Named Chief Financial Officer of Trading Technologies ; Euronext targets family businesses with new initiatives; ‘Brexit’ Talks Can’t Start Without Parliament, U.K. Supreme Court Rules John Lothian Newsletter,Newsletter

First Read Michael Kraines Brings 25 Years of Strategy Experience as Trading Technologies’ New CFO Sarah Rudolph, JLN It’s time for some strategic thinking. Trading Technologies has announced the hiring of its first ever chief financial officer, Michael Kraines. Kraines has been in the fintech business for more than 25 years. Though he knows technology, his background is “really very externally facing,” he said in an interview with JLN. His forte is putting people and companies together, and he hopes to add more partnerships, joint ventures and alliances to TT. “I am a strategy guy and have a background looking…

Michael Kraines Brings 25 Years of Strategy Experience as Trading Technologies’ New CFO Blog,Commentary,Feature,Fintech,Interview

It’s time for some strategic thinking. Trading Technologies has announced the hiring of its first ever chief financial officer, Michael Kraines. Kraines has been in the fintech business for more than 25 years. Though he knows technology, his background is “really very externally facing,” he said in an interview with JLN. His forte is putting people and companies together, and he hopes to add more partnerships, joint ventures and alliances to TT. “I’m a strategy guy and have a background looking at competitive positioning within the fintech sector. Over the months ahead, my goal is to look at the business…

The Case That Changed the Industry Blog,Feature,Fintech

Back in 2005, I began covering a major development in the financial industry – patents. More specifically, I began covering the patent infringement cases by Trading Technologies against a number of firms including CQG.  That case, which lasted almost 12 years with appeals, is now essentially settled by the US Court of Appeals for the Federal Circuit, which affirmed the validity of TT’s patents, and essentially backed a lower court’s finding that CQG infringed on TT’s patents. The settlement awarded in the lower court was for $16 million.  TT’s patent litigation is well-known in the industry by now. But in…

Head East: TT’s Robbie McDonnell Sees Opportunity In Asia As Never Before Asia/Pacific,Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Mwiki

It’s gonna be a good year after all for Asia’s markets. Robbie McDonnell, Trading Technologies’ executive vice president of global sales, who returned to Asia full time in recent months, said the region got a nice volume bump in November but the real growth is soon to come for a region that is implementing new technology, new partnerships and more ways to increase trading flows East to West. Let’s start with the numbers, as 2016 was shaping up to be a down year for Asian derivatives markets. The Asia-Pacific group of exchanges as a whole were down 8.6 percent over…

Impact: Navigating Regulation and What Comes Next, Part 1 Exchanges, OTC & Clearing,Feature,Fintech,Mwiki,Regulation & Enforcement,Video,video

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 1 of our three-part series, Phupinder Gill, CEO of CME Group; Drew Shields, CTO of Trading Technologies; Dave Snowdon, co-founder, director and CTO of Metamako; and Hazem Dawani, president and CEO of OptionsCity, provide their thoughts on subjects ranging from issues with MiFID II clock synchronization to the shifting clearing landscape.  

Tayloe Draughon, Neurensic – Futures Industry AI and Machine Learning Feature,MWEd,Mwiki,Regulation,Video

“As you seek worlds of opportunity, look for areas in which there are problems, because if somebody is having problems, there are going to be opportunities.” Recent advancements in technology have led to a monstrous spike in trades and trade messaging. Meanwhile, new regulations are requiring banks, brokers, dealers and futures commission merchants to not only store all of this new data, but also to conduct surveillance for trade infractions such as spoofing, layering or “banging the close.” One particular challenge is that these new regulations require proof of intent, that is whether a trader or trade algorithm intentionally broke…

Drew Shields, Trading Technologies – Next-Generation Product Development Feature,MarketsWiki Education,MWEd,Mwiki,video

“There will always be someone as smart or smarter than you and you have no control over that. The only thing you have control over is whether you have more drive, more passion than others.” As chief technology officer at Trading Technologies, Drew Shields has been instrumental in the implementation of the software vendor’s new top-to-bottom makeover. The new architecture required lots of technical talent, to be sure, but it also required two additional attributes – hunger, and the ability to challenge the status quo. In college Shields majored in theology, and he started in the business world with few…

John Lothian Newsletter: First Trader Convicted of Spoofing Gets 3-Year Prison Term; Deutsche Boerse Investors Poised to Back LSE Deal by End of Week; Singapore Exchange Malfunction Ruins CEO’s First Anniversary John Lothian Newsletter,Newsletter

First Read Spoofing Sentence Sends Clear Enforcement MessageClifford C. Histed – Partner, K&L Gates LLP via Law360Michael D. Ricciuti On July 13, 2016, U.S. District Judge Harry D. Leinenweber in Chicago sentenced Michael Coscia, the first trader charged with criminal “spoofing,” to three years in prison. Much has been written about this case, and the public debate has been just as intense as the litigation. In April 2015, we wrote about Judge Leinenweber’s denial of Coscia’s motion to dismiss his indictment, examined what guidance about spoofing could be gleaned from regulators, broke down the allegations in the indictment, and offered…goo.gl/tqAdBp…

Knowledge Is Power: A MarketsWiki Education Journey Blog

“There is a lot of competition out there, but that is what our markets are all about. It is the essence of what we do. We innovate because of competition.” With those words, CME Group Chairman Emeritus Leo Melamed kicked off the inaugural MarketsWiki Education event in 2013. We have come a long way since then; the event has expanded its reach each year and in 2016 will visit five cities, beginning in Chicago July 12-15, and on July 19 in New York. Chicago registration has closed. For more information on the event series and to register for New York event,…