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UK pensions could plug gaps with derivatives; Millenium closing Prediction Company JLN Options Newsletter,Newsletter,Options

Observations & Insight Tuesday’s Notes Damage caused by Hurricane Florence is estimated to be as high as $27 billion. It is approximately 900 miles away from North Carolina. Apparently, Renaissance Technologies has a 4.64 percent stake in Cboe. Some more stories about the repercussions of the financial crisis: –NY Times -> From Trump to Trade, the Financial Crisis Still Resonates 10 Years Later –Financial Times -> Backdrop for the next financial crisis is brewing –New Yorker -> The Real Cost of the 2008 Financial Crisis –MarketWatch -> Here’s what J.P. Morgan says could cause the next financial crisis –Bloomberg ->…

London’s Tribes of Finance Face Off John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff If you are a broker or CTA, or are interested in learning more about those aspects of the markets, come to the NIBA’s September 13 Chicago Conference at the CME Group. Learn more and sign up HERE.~JJL Yesterday, FIA President and CEO Walt Lukken reacted to Chairman Giancarlo’s speech on cross border regulation post Dodd-Frank: “We welcome Chairman Giancarlo’s leadership to reconsider the CFTC cross-border approach, particularly as it relates to access to clearing. We look forward to providing the agency input at the appropriate time.”~JJL Women in Listed Derivatives (WILD) is continuing…

The Largest U.S. Cannabis Company Finds a Home on a Canadian Exchange John Lothian Newsletter,Newsletter

canada cannabis

First Read Q&A With Don Ross: Can Equity Markets Benefit From Auctions? Ross Looks To Disrupt The Markets With On-Demand Auctions For Stocks, Just Like The Good Ole Days Jim Kharouf – JLN CODA Markets has been pounding a steady beat for on-demand auctions since launching CODA Block, a 30-second block auction program in 2017. With a new study from ViableMkts of the auction system, data shows CODA Block generally did not create adverse market moves when initiating an auction. CODA Markets CEO Don Ross spoke with JLN’s Jim Kharouf about the study and his view on auctions throughout the…

Volcker Rule Revamp; Turkish FX Issues Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – MIAX’s Shelly Brown Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Shelly Brown, MIAX executive vice president, strategic planning and operations, talks about launching MIAX Emerald, its new SPIKES volatility index, and MIAX’s equity ambitions. Watch the video here » ++++++ Happy Friday It is a bit of slow day for options news, it seems. As such, here’s a few of the stories from the week that caught our attention (and will likely show up in this…

Banks can expect a streamlined Volcker rule; Turkish lira plunge; Deutsche Bank error John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff In every edition of JLN, there are instructions at the bottom of the newsletter on how to update your settings or unsubscribe. You are always welcome to hit reply on your email client and send us feedback.~JJL The fifth video in the Options Industry Leader Series, sponsored by OCC and OIC, is now posted. You can watch MIAX’s Shelly Brown below. MIAX is the next exchange to host the Options Industry Conference. In case you missed the series, the other four videos are with Nasdaq’s Kevin Kennedy, BOX’s Ed Boyle (we spoke before…

Why Germans Are Getting Fed Up with America John Lothian Newsletter,Newsletter

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First Read Notes from Consensus 2018 – Day 2 Chuck Mackie – John Lothian News As expected, Day 2 of Coindesk‘s Consensus conference lacked some of the energy and fireworks of the first day but it did manage to defy what seems to be a law of nature: fewer people in attendance at the second day of an industry event when compared to the first. In this case, Coindesk announced that total registration ticked up to over 8,500 and it was definitely harder to fight the lines for lunch on the second day compared to the first. Somehow I survived….

JLN Options: Volcker Rule Rewrite; Thomson Reuters moving FX derivs to Ireland Newsletter,Options

Lead Stories Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say Jesse Hamilton and Benjamin Bain – Bloomberg Wall Street is poised to get a big reprieve from the Volcker Rule, as U.S. agencies prepare to scrap a restrictive presumption that most short-term trades violate the post-crisis regulation, three people with knowledge of the matter said. In a much-anticipated overhaul, the Federal Reserve and other regulators are planning to drop an assumption written into the original rule that positions held by banks for less than 60 days are speculative — and therefore banned, the people said. Instead, banks…

CME Record International ADV; Martin Act Opposition; Nasdaq Completes Media/PR Sale John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Congratulations to the World Federation of Exchanges on its IOMA Clearing & Derivatives Conference, concluded on Friday. The event, as usual, attracted exchange, clearing and market infrastructure from several continents and was well focused on the challenges and issues facing global CCPs. Nicely done.~JK Ankur Kamalia, managing director, head of group venture portfolio management & DB1 Ventures at Deutsche Bˆrse said at the WFE IOMA conference that his group has met with 750 fintech firms over the past three years and invested in just seven. Among those is Digital Asset Holdings.~JK Interesting tidbit…

Treasury Pushing For Capital Rule and Volcker Changes Blog,Feature

Paul Volcker

The US Treasury Department is addressing capital intensive rules that have constrained market participants from capital markets to community banks under the Volcker rule. Craig Phillips, counselor to US Treasury Secretary Steven Mnuchin, speaking at the WFE IOMA conference in Chicago last Friday, said the department is looking at a variety of issues and challenges for market participants, ranging from restrictive leverage ratios and how those are calculated, to easing restrictions on banks and institutions in the capital markets to promote liquidity, to changes in the Volcker Rule. The Senate recently passed the Economic Growth, Regulatory Relief and Consumer Protection…