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Tag Archives: Two Sigma

Clearinghouses Push Back Against Worries Over Their Size; Two Sigma rapidly rises to top of quant hedge fund world John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Bad news for Deutsche Boerse as the judge in the insider trading case against Carsten Kengeter declined to approve a settlement that was submitted by prosecutors. As reported by the FT, the case is crippling Deutsche Boerse at this time. It’s pretty hard to execute a strategy if you don’t know whether the CEO will remain. Nonetheless, Eurex has been posting some strong numbers in its interest rates complex this year. Brexit could open up more clearing opportunities for the exchange. Potential moves in other regions, say Asia, could open up some…

CFTC grants registration to LedgerX to trade options on bitcoin; Options traders bet on U.S. steel stocks ahead of tariffs decision; Riding the Wave – Speed, Algos and Consolidation Newsletter,Options

Observations & Insight Crypto-innovations Jim Kharouf – JLN One look at today’s newsletter will tell you something – the traditional Wall Street system is ripe for disruption. The JLN piece on Overstock.com’s subsidiary Round One: How Overstock.com and tzero aim to knock out Wall Street shows how that firm is focused on using blockchain and its new Alternative Trading System ATS to do everything from trading securities via a blockchain, to finding an after hours trading niche. But tzero aims to create much more than that. While it’s still early days, it is not hard to imagine using the blockchain…

Hedge Funds Facing U.S. Criminal Probe Over Bond Valuations; Deutsche Börse expands its offer for start-ups; The Volcker Rule: How Trump’s New Regulator May Unleash Big Banks John Lothian Newsletter,Newsletter

First Read Options Industry Conference Update: Congress Continues To Push For Avoiding Unintended Consequences in Tax and Dodd-Frank reforms By Jim Kharouf and Jeff Bergstrom, JLN The 35th Annual Options Industry Conference kicked off on Wednesday with a major focus on Washington, especially on a host of new proposals on tax and Dodd-Frank reforms. The conference, hosted by Intercontinental Exchange’s NYSE in Scottsdale, Arizona, led with an interview with Congressman Tom Reed (R-NY 23rd District) who outlined initiatives to address tax reform in 2017. Reed told OCC’s Executive Chairman and CEO Craig Donohue that the tax reform may have enough…

Two Sigma Agrees to Buy Interactive Brokers’ Options Market-Making Arm; Markets Are Doing Nothing, and Investors Have Nowhere to Hide; It’s not just the VIX – low volatility is everywhere Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian Four JLN team members are out in sunny Arizona for the Options Industry Conference, which gets underway officially today. Jim Kharouf, Spencer Doar, Jeff Bergstrom and Patrick Lothian are covering the conference for JLN and will be conducting interviews, including with option exchange leaders. Our coverage so far has included a two-part preview interview with OCC Executive Chairman and CEO Craig Donohue. They can be seen here and here Across the pond, Patrick Thornton-Smith has left Duco and the City and has signed on as a non-executive director with Cult…

Two Sigma to acquire Interactive Brokers’ US options arm; Comey’s Firing Is a Crisis of American Rule of Law; Cinnober to acquire market surveillance firm Ancoa John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Four JLN team members are out in sunny Arizona for the Options Industry Conference, which gets underway officially today. Jim Kharouf, Spencer Doar, Jeff Bergstrom and Patrick Lothian are covering the conference for JLN and will be conducting interviews, including with option exchange leaders. Our coverage so far has included a two-part preview interview with OCC Executive Chairman and CEO Craig Donohue. The can be seen here and here Across the pond, Patrick Thornton-Smith has left Duco and the City and has signed on as a non-executive director with Cult Wines…

Biggest Indian Exchange’s CEO Resigns Just Months Before IPO; DRW Judge Is Told by CFTC That Firm ‘Banged the Close’ Daily; Deutsche Boerse offers gamers place to trade virtual goods John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian The shocking news of NSE CEO Chitra Ramkrishna stepping down right before the long anticipated IPO has implications for the World Federation of Exchanges, where she had just been named chairperson. This type of thing is not unprecedented in the industry organization world. It has happened a couple of times I can think of to the FIA The @JohnLothian twitter handle was knocked from the top spot of Streeteye.com’s Twitter Leaderboard yesterday by @Memorandum. The new leader says it is “the latest political news and opinion from left to right and…