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Crypto Markets News from John Lothian News – May 8, 2018 Blockchain,Blog,CryptoMarkets,Investing & Trading,Tech / HFT

Bitcoin Sees Wall Street Warm to Trading Virtual Currency Nathaniel Popper – WSJ Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. https://jlne.ws/2HZoKr5 Buffett and Gates Are the Latest Bitcoin Critics, Halting $10,000 Push Camila Russo and Katherine Chiglinsky – Bloomberg Surprise! Bitcoin is getting no love from two of the world’s wealthiest men. https://jlne.ws/2HYt4qH Dancing Badgers Draw More Attention Than SEC at Ethereum Meeting Camila Russo – Bloomberg In the crypto world, all eyes are on…

LSE-Deutsche Börse deal in jeopardy over antitrust hurdle; The Multi-Trillion Dollar Brexit Fight; Buffett Says $100 Billion Wasted Trying to Beat the Market John Lothian Newsletter,Newsletter

First Read An O-fer Jim Kharouf In sports, when you have a rough time and do not get any hits in baseball or shots to fall in basketball, they call that an “o-fer.” In Deutsche Boerse’s case, it looks like they are 0 for 3 in attempts to land the big deal with the London Stock Exchange Group. It’s not the end of the world for either company if this deal is not approved by the European Union. LSE still has a solid foundation of exchanges, clearing, technology and index businesses. Deutsche Boerse also has its strong stable of exchanges,…

Sailing the Chaos of a Trump Rally; Why A Trump Presidency is Fed Positive; Stock market struggles to extend last week’s postelection rally Newsletter,Options

Observations & Insight A Basel netting issue: Pushing for less burdensome capital requirements in the options market Spencer Doar – JLN The unintended consequences of financial regulation have been seeping into the markets since the first rule was made in the wake of the financial crisis. One prime example is the leverage ratio, which determines the required capital of general clearing members. The actual calculation of the capital requirement within the Basel III leverage ratio framework is a particular sticking point for the OCC. Right now, the Current Exposure Method (CEM) is used in the calculation, whereas the OCC and…

JLN Managed Futures: Redemptions Continued In March, Q1 Flows Negative; 4 cyber security keys for CTAs; Commodity Hedge Funds Are Hot Again Managed Futures,Newsletter

Observations/Commentary BlackRock Capital Market Assumptions BlackRock Institutional The BlackRock Investment Institute publishes capital market assumptions every quarter. We cover two time horizons: long-term equilibrium capital markets assumptions that can be used as key inputs for strategic asset allocation, and five-year assumptions that take into account how we think current economic and market conditions will play out in the medium term. bit.ly/1QFzP8e ***DA: This graph was sent along to us last week. Given the tepid forecast for traditional assets, perhaps alternatives deserve a greater look. 180 Years of Market Drawdowns by Ben Carlson – A Wealth of Common Sense “We tend…

John Lothian Newsletter: CFTC Commissioner Mark P. Wetjen Announces his Resignation; BP traders rigged gas market, says judge; Oil’s Worst-Ever Summer Signals Price Rout Is Nowhere Near Done John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian On Monday the Trading Tech 300 program will come to the Chicago Board of Trade Building as Glenstar Properties puts on three merit badge classes for Boy Scouts from around the Chicagoland area. The classes sold out quickly once listed on the Pathway to Adventure Council website (http://www.pathwaytoadventure.org). Several boys from my troop are signed up as they wanted to take a merit badge class in the building that was Wayne Towers in Batman Begins. It was also in The Dark Knight as itself. That is just too cool. Glenstar is…

John Lothian Newsletter: Dealmaking saga over GFI nears conclusion; China Short Sellers Shun Stock Link With Zero Trade on Debut; SEC plans to level playing field for newer ETF firms John Lothian Newsletter,Newsletter

First Read NY Financial Writers Elect Burne, Move ‘Follies’ By Jack O’Dwyer Katy Burne, a U.K. J grad who reports for the Wall Street Journal, is 2015 president of the New York Financial Writers Assn. which, after many years, is switching its “Follies” show from the Marriott Marquis to the Hilton. Burne, who has covered bonds and derivatives for five years for the WSJ and Dow Jones newswires, has been in the cast of the “Financial Follies” since 2010. Previously managing editor of Derivatives Week, she has a post-grad diploma in magazine journalism from Harlow Journalism Center, U.K., and a…

John Lothian Newsletter: Commodity Benchmarks Are Open to Manipulation; Temasek buys stake in high-speed trader; UBS Turns to Artificial Intelligence to Advise Clients John Lothian Newsletter

First Read Stuart McClymont, managing director, JDX Consulting – Financial Services Infrastructure JohnLothianNews.com “We’ve got lots of people and lots of different technologies, but we’ve got common problems; common issues that try to reduce the amount of duplication and operation processes for a common function.” Stuart McClymont, managing director at JDX Consulting, explains the infrastructure for financial services. He gives a brief history of how the industry functioned without today’s technology, and then delves into how the technology boom in the 90’s created an influx of new opportunities for the markets and its participants. One key point was how companies…

JLN Options: Options Week in Review March 7, 2013 Newsletter,Options

Bank of America bought 150,000 shares of Constellation Brands, a wine and beer seller, a few days before Constellation announced an acquisition in which the bank was the lead lender, The Wall Street Journal reported.  The bank made a big profit from the trade, which helped push the volume in the beverage maker’s options to more than 13 times the average volume of the previous 30 days. Bank of America said that in addition to the call position, it also bought put options on 133,100 Constellation shares as part of a directionally neutral strategy. However, the bank’s loss from the…