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Tag Archives: trading

Profiles: Blair Hull Interview,Video

It’s not every day you hear one of the most successful traders and businessmen in the industry say he got his start as a card counter in blackjack. “My brother-in-law told me that he made money in Lake Tahoe, enough money to pay for his vacations,” he said. “I said “Well, if you do that consistently, you should be betting a lot more money and you wouldn’t have to be an accountant.’ “ So Hull put his own money where his mouth was and took up the game of blackjack for five years learning probabilities and strategy. His success in…

McGladrey: Tired of your mark to market election? IRS has good news. Blog,Commentary

Our friends at McGladrey shared the following commentary with JLN for publicaiton New Revenue Procedure makes it easy to revoke 475(f) elections There are various reasons that traders find refuge in a mark to market election under IRC section 475(f).  Some are looking to avoid disallowed losses caused by wash sales and straddles (offsetting positions), both of which can arise when trading frequently.  Others find themselves with a losing year, and make the election to obtain ordinary treatment on losses, freeing them up for carryback to earlier years.  In any case, circumstances change, and what was once a blessing can…

Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works Video

“Opportunities today are even greater. Competition, however…is brutal. “ Ray Cahnman, chairman of Transmarket Group, begins his presentation with a list of books, movies and news stories he recommends that give a glimpse into the financial industry. He then discusses how he entered the financial industry and how the opportunities and challenges facing the industry have evolved. Cahnman remembers how trading used to be about the individual trader and how no one wanted to divulge their secrets to success. Today, trading has turned into a team effort, especially with the role technology is playing. Cahnman says that the trading ecosystem…

Matthew Scharpf, Vice President Sell Side Business Development, Eurex – Trading with a Creative Mind Video

“You’re filling your toolbox…You’re not going to need it today or tomorrow, but one day it’s good to have.” Matthew Scharpf, vice president of sell side business development for Eurex, gives a unique look at systems in the financial industry and how we can connect new pieces together to create innovation. Using his guitar and knowledge of music, Scharpf explains how individual notes can be combined into chords and used in a variety of instances to create different songs. And even when it may seem like there are some limitations in songwriting, different tools and methods can help facilitate the…

Ethan Kahn, Principal, Wolverine Trading, LLC – Exploring ETF’s Tech / HFT,Video

“It’s a very competitive market out there. Constantly innovating and constantly adapting is what makes opportunities occur.” Ethan Kahn, principal at Wolverine Trading, gives an explanation of ETF’s and shows why the product has become popular over the years. Kahn discusses the differences between ETF’s and mutual funds, breaking down how much lower the costs of ETF’s are and how there is more buying and selling flexibility compared to mutual funds. Finally, Kahn explains the importance of innovation and adapting in the financial industry, telling his audience that constantly changing with the industry is key to staying competitive.

Steve Brodsky, CEO, Spot Trading – My LIFFE: Markets Then and Now Tech / HFT,Video

“I know this is the most dynamic industry out there…the creative renewal in this industry is like no other.” During a time when LIFFE was battling for the Bund futures contract, Steve Brodsky, CEO of Spot Trading, remembered sitting in a meeting with Deutsche Börse and talking about how electronic trading was going to become a game changer for the marketplace. Those in the meeting proceeded to laugh. Today, electronic trading has become dominant in the financial industry, and the way futures contracts were traded changed significantly. Brodsky highlights the rise of electronic trading, from its unsure beginnings to today’s…

PRESS RELEASE: FIA Principal Traders Group Responds to WSJ Article Alleging “Loophole” at CME Blog,Tech / HFT

PRESS RELEASE: FIA Principal Traders Group Responds to Wall Street Journal Article Alleging “Loophole” at CME:  Washington, D.C.—May 1, 2013—The Futures Industry Association Principal Traders Group issued the following response to an article in today’s Wall Street Journal alleging that high-frequency traders are taking advantage of a “loophole” in the CME Group’s market data systems.  “We were surprised and disappointed at the misleading article published today by the Wall Street Journal. The article has taken an inherent feature of all markets out of context, grossly distorted its significance, and created a false impression that the CME’s markets are fundamentally unfair….

Jill Sommers Reflects on the CFTC, Dodd-Frank, and Her Future Interview,Regulation,Video

Jill Sommers

Jill Sommers, Commissioner of the Commodity Futures Trading Commission (CFTC), is stepping down after the first quarter of this year. Sommers spoke with JLN editor-in-chief Jim Kharouf about the progress of Dodd-Frank, position limits, and what the future holds for the CFTC after her resignation. Sommers discussed how the CFTC has changed over the last five years — including their increased budget and staff, moving from principles-based to rules-based rulemaking and their greatly increased public profile. She also reflected on the Dodd-Frank rulemaking process, saying she wished the CFTC had defined swap-related terms first and delayed compliance with any rules…

Nils-Robert Persson Talks About Cinnober and the Growth of Real-time Risk Management Interview,Regulation,Tech / HFT,Video

Nils-Robert Persson

There are some firms who are ahead of the curve and profit from it. Cinnober Financial Technology, the Swedish-based provider of electronic trading platforms was certainly one of them when it began pushing real-time risk management technology for trading and clearing platforms long before the 2008 financial crisis. Now its an integral part of the marketplace. Nils-Robert Persson, executive chairman for Cinnober spoke with JLN editor-in-chief Jim Kharouf about  the speed of execution and clearing systems, as well as what’s next for the firm.