The Weekend Update: November 11-15, 2019

JLN PRESS ROOM PICK OF THE WEEK

Gary Sagui – Open Outcry Traders History Project

Gary Sagui started his career at Harris Bank in foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.

FROM JOHN LOTHIAN NEWS

The Spread – For Cheddar or Worse

This week on The Spread: MIAX scores another legal win, Nasdaq raises fees to pay for upgrades they hope will give them a competitive edge, and the CME Group gets cheesy with new options and futures contracts.

A Swiss-Army API: Rob D’Arco – Rival Systems

How do you build a platform that provides all the data a trading firm could want, while keeping it as stable and accessible as possible?

Bill Dudley – Open Outcry Traders History Project

Bill Dudley sat for an interview for John Lothian News’ MarketsWiki Education Open Outcry Traders History Project.

A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part I

Cost-benefit analysis is an important part of the regulatory process and even more so after Dodd-Frank became the law of the land. .

A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part 2

If there was a new prescriptive regulation from the CFTC that said every line of code written for any trading software must be documented as to its purpose and intent, there would be a hew and cry from the industry about the cost versus benefit of such a regulation.

How to Keep a Close Eye on the Markets

Travis Schwab of Eventus Systems discusses the complex task of developing software to help fight market manipulation, while also maintaining the flexibility to meet the varying needs of a broad range of customers. 

Gary Sagui – Open Outcry Traders History Projectt

Gary Sagui started his career at Harris Bank in foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.

The Spread: MIAX and BSX; Robinhood Infinite Leverage; VIX

MIAX acquires a controlling interest in BSX, the Bermuda Stock Exchange; a trader named Moonyachts manipulated a programming error in Robinhood to turn $2,000 into $1 million; and the VIX had a quiet week.

Back in Court with Bcause – Year End Report

Wednesday was the last hearing scheduled for this year for the Bcause bankruptcy. The next court date is January 7 when the bankruptcy trustee’s disposition of Bcause’s remaining “asset,” the spot market, will be presented to the court. 

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