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Tag Archives: Wall Street Journal

FANG+ Puts the UMPH Back into the Markets and Exchange Competition Blog,Commentary,Exchanges, OTC & Clearing,Financials,Interview,Investing & Trading,Mwiki

Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group resteal the Russell index complex from ICE, returning the contracts to the CME where they were  in 2007. The FANG+ sprang from this exchange…

Scooped: What The Nikkei Deal Means For The Derivatives Industry Blog,Commentary

"FT 125th anniversary reception (8741688934)" by Financial Times - FT 125th anniversary reception. Licensed under CC BY 2.0 via Wikimedia Commons - https://commons.wikimedia.org/wiki/File:FT_125th_anniversary_reception_(8741688934).jpg#/media/File:FT_125th_anniversary_reception_(8741688934).jpg

Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing over Rupert Murdoch’s buyout of the Wall Street Journal in 2007 for $5 billion amounted to nothing substantive. The FT will likely maintain its focus…

Five Minutes with John Prestbo Financials,Interview,Tech / HFT

John Prestbo

John Prestbo, editor and executive director of Dow Jones Indexes, spoke with JLN’s Jim Kharouf about his start in journalism with The Wall Street Journal, his experience with Dow Jones Indexes and his hobby, painting. Q: You’ve been around the markets for more than 30 years, what would say have been the biggest changes in the markets during that time? A: Electronic trading would have to be at the top of the list. Trading happens a lot faster and a lot cleaner than it used to. Commissions are a lot lower. That’s another way of saying that competition has increased…