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Tag Archives: Virtu

Strong demand for Eurex’ factor index futures; CME opens Sydney office; Virtu to close Neonet John Lothian Newsletter,Newsletter

First Read Hits & Takes Students signed up for the MarketsWiki Education Recruiting event on October 16 at the CBOE have come from a number of different universities. The list includes University of Illinois at Chicago, Illinois Tech (formerly IIT), University of Chicago, DePaul University and Northwestern. We even have some from Georgetown, Harper College, Northeastern University, Oakton Community College, Rizvi College of Management Studies, University of Nebraska, University of Illinois and Indiana University. Thank you to Michael Dawley, XR Trading and CME Group for agreeing to be sponsors of this year’s LaSalle Street Trading Tech Awards for the Boy…

Beware of an Eclipse Crash; London ‘hemorrhaging talent’; City brokers ramp up reg prep John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We have added some color to MarketsWiki to highlight the original content of John Lothian News. This is part of an ongoing review of our sites relative to current best practices in website design,newsletter offerings and social media innovation.~JJL A recent innovation by the CFTC is publishing podcasts on their website hosted by CFTC market intelligence head Andy Busch. A recent one featuring an interview with CFTC Chairman Christopher Giancarlo received over 1000 downloads from over 25 countries. The latest podcast features an interview with Chief Investment Strategist Sam Stoval. All the…

SEC Delays Decision on Chinese Buyout of CHX; Former HK exchange chief charged with conspiracy John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff CHX got the cold shoulder on Wednesday when the SEC decided to postpone their decision on the sale of the exchange to a group that includes Chinese investors. It’s a politically driven maneuver not far off from the XL Pipeline in the last administration, but it’s also an abdication of its responsibilities as a regulatory body. Leaving companies in limbo is bad policy, not to mention it will be noticed in Beijing the next time a US company wants to make an acquisition or deal there. You can have it both ways…

SEC’s Jay Clayton & China, Tom Ascher Speaks, Nasdaq and SIX Swiss Exchange Go Blockchain John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff John Hague of RSM has accepted the role of co-chairman of the LaSalle Trading Tech Awards of the Pathway to Adventure Council of the Boy Scouts of America. John Lothian is the other co-chair of the event. Hague replaces Matt Haraburda of XR Trading, who teamed with John Lothian last year to chair the event. The LaSalle Trading Tech Awards honor those firms who have participated in the Trading Tech 300 merit badge workshop program created by John Lothian and replaces the history LaSalle Street Dinner that had run for over 20…

Indexers Push Back Against Wall Street; Virtu Is Said to Explore Sale of Fixed Income Unit BondPoint; Fledgling quant funds seek to disrupt Wall Street John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff John Lothian News and John Lothian Productions are teaming up for a value-laden offer to become a sponsor of MarketsWiki at the Friend level. A Friend Level sponsorship is normally $2000 and a 2-3 minute production video can cost from $2000 to $3500, depending on the inputs. For $3000 we will give you both a Friend Level sponsorship of MarketsWiki with 25 pages with your logo and banners on them and a 2 to 3 minute production video. If you are interested, please contact John Lothian.~JJL Do you like table tennis? Ping…

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…

Gold Plunges as 1.8 Million Ounces Traded in a New York Minute; Virtu prepares for Mifid shake-up with Instinet equities deal; Ethereum’s Flash Crash Shows Hazards of Trading Cryptocurrencies John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Today, John J. Lothian & Company and some staff members are offering the Journalism and Communications merit badges as part of the Trading Tech 300 Boy Scout program. Sarah Rudolph, Jeff Bergstrom and I, along with return intern and Eagle Scout Jonathan Lenchard Warren, will be teaching the badges. We have a group of 24 scouts and are using the Glenstar conference rooms on the second floor of the CBOT Building to accommodate the group. It has been ten years since the introduction of the iphone. That new product had a…

HFT – Not so flashy anymore; Vicious VIX; JPM Head Quant Warns Of “Catastrophic Losses” For Short Vol Strategies Newsletter,Options

Observations & Insight An Excerpt of Note Spencer Doar – JLN I am re-reading “Liar’s Poker” because…I don’t really know why — maybe it’s just summer instinct with all these reading lists floating around. Anyway, about a quarter of the way in, there’s a notable anecdote from Michael Lewis’ training program at Salomon: “‘When you trade equity options,’ asked my friend Franky, ‘do you hedge your gamma and theta or just your delta? And if you don’t hedge your gamma and theta, why not?’ The equity options specialist nodded for about ten seconds. I’m not sure he even understood the…

Providing Stability for the U.S. Listed Equity Options Market; Virtu – More Market-Making M&A Ahead; The Changing Face of Volatility Newsletter,Options

Observations & Insight Futures For Kids had another successful fundraiser at the FIA IDX Gala Dinner last night, raising more than GBP140,000. Jim Kharouf – JLN Kim Taylor’s kilt challenge raised over GBP12,000, topping Bill Herder’s total last year, on her birthday no less. Next year’s wearer of the kilt is Mark Ibbotson of GH Financials. Over its 10-year history, FFK has raised more than GBP3 million for more than 40 charities in more than 16 countries. Way to go Bill Templer, Emma Davey and the rest of the FFK team. ++++++ Have you checked out the lineup for Trading…