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Tag Archives: Vanguard

CME, Linchpin of Chicago Finance, Says It’s Not Tied to the City John Lothian Newsletter,Newsletter

First Read How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities John Lothian News Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. /goo.gl/ZwUnYe ++++ Hits & Takes By JLN Staff We have closed registration for the…

Commodities in Your Portfolio? It’s All Hogwash, Says Wall Street Dissenter; The ‘London Whale’ trader lost $6.2 billion, but he may walk off scot-free; The Expensive Ingredient of Cheap ETFs John Lothian Newsletter,Newsletter

First Read The University of Chicago worries about a lack of competition; Its economists used to champion big firms, but the mood has shifted The Economist One sign that monopolies are a problem in America is that the University of Chicago has just held a summit on the threat that they may pose to the world’s biggest economy. Until recently, convening a conference supporting antitrust concerns in the Windy City was like holding a symposium on sobriety in New Orleans. In the 1970s economists from the “Chicago school” argued that big firms were not a threat to growth and prosperity….

BoE told to firm up oversight of clearing and other support; Biggest banks each set to be hit with $200m trading rule costs; Smaller companies fear threat from new financial regulation John Lothian Newsletter,Newsletter

First Read New CEO, Updated Offices By John J. Lothian, Executive Chairman Today is the first day in the reign of Jim Kharouf as king….err… CEO of John J. Lothian & Company, Inc. He takes command in our newly updated offices in the CBOT Building, which are not quite done yet. Friday we learned we had an unresolved heating and air conditioning situation that needed to be resolved. We will begin to move in the office this afternoon and hope the work is done by tomorrow. In the new game of thrones, Jim will now sit on the iron hot…

Tim Edwards, S&P Dow Jones Indices – The Relative Importance of Skill, Conviction and Blind Luck in Beating the Market Financials,MarketsWiki Education,MWEd,Mwiki,Video,video

“I believe that the next big trend in our industry is going to be far more customized, far more bespoke, and it’s all going to be available at low cost because of technology.” When Google was readying for its IPO in 2004, employees were given educational courses in finance and investing. Then senior vice president Jonathan Rosenberg was worried that Google employees — many soon to be minted millionaires — would be taken advantage of by all manner of asset managers and brokers. During the presentations, a series of notable figures all gave the same advice to Google employees, “don’t…

Chicago retains role as capital of derivatives industry; Fintech Firm Could Help Unravel Mysteries Behind Flash Crashes; Who Cares About the Fed? Not the World’s Biggest Bond Fund John Lothian Newsletter,Newsletter

First Read Philip Stafford, Financial Times – “The Most Valuable Commodity I Know of is Information” MarketsWikiEducation.com “A market without information doesn’t trade, doesn’t move anywhere. It’s illiquid. Nothing happens and everybody goes away — [that’s] the last thing anyone wants. So information ends up being the most critical thing of all.” Philip Stafford of the Financial Times is both an insider and an outsider in the financial world. He does not make markets, code risk management software or hawk new share offerings to prospective clients. On the other hand, he speaks with people from all corners of the the…