Americas

Baton Systems CEO Outlines Expansion, Future of Collateral Sector

Baton Systems CEO Outlines Expansion, Future of Collateral Sector

BOCA RATON, FL (JLN) – Arjun Jayaram, founder and CEO of Baton Systems, discussed the company’s expansion plans and the future of the collateral sector in an interview at the FIA’s International Futures Industry Conference. Jayaram said Baton is seeing increased demand to extend its core collateral products beyond cleared derivatives markets into uncleared derivatives and the broader collateral ecosystem. This includes providing real-time asset inventory visibility, eligibility mapping across venues, and facilitating mobilization of collateral assets.

Nasdaq Embraces Cloud Migration and AI for Options Markets

Nasdaq Embraces Cloud Migration and AI for Options Markets

ASHEVILLE, NC – (JLN) – Sean Feeney, a Nasdaq executive, explained the exchange’s plans to migrate its options markets to the cloud and leverage artificial intelligence (AI) during an interview at the Options Industry Conference in Asheville, N.C. sponsored by the OCC.

Feeney stated that Nasdaq has committed to transitioning its markets globally to the cloud, partnering with AWS to ensure their technology keeps pace with rapid advancements. “Our partnership with AWS is really to shore up and ensure that our markets are moving at the speed of technology, which at this point is like the breakneck speed of life,” he said.

Webull Sees Growth in Retail Options Trading, Plans Further Expansion

Webull Sees Growth in Retail Options Trading, Plans Further Expansion

ASHEVILLE, N.C. (JLN) – Arianne Adams, chief strategy officer at the online brokerage Webull, highlighted the company’s focus on expanding access to derivatives trading, particularly for retail investors, in an interview with John Lothian News for the JLN Industry Leader video series sponsored by the OCC at the Options Industry Conference.

Symphony CEO Brad Levy Sees Convergence of Traditional and Decentralized Finance

Symphony CEO Brad Levy Sees Convergence of Traditional and Decentralized Finance

Elmhurst, IL (JLN) – Brad Levy, the CEO of Symphony, a leading financial services messaging platform, envisions a future where traditional finance (TradFi) and decentralized finance (DeFi) coexist on a continuum rather than being separate entities.

In an interview with John Lothian News, Levy expressed his belief in the digital asset world, saying, “We’re more of the belief that TradFi and DeFi are going to blend and have a spectrum versus there’s a crypto taking out fiat or everything’s moving to token from analog.”

CQG Executives Discuss AI Integration and Future Plans at FIA Conference

CQG Executives Discuss AI Integration and Future Plans at FIA Conference

BOCA RATON, Fla. (JLN) – At the recent FIA International Futures Industry Conference, CQG executives Pat Kenny and Ryan Moroney shared insights into the company’s exploration of AI technology and its future plans during an interview with John Lothian News for the JLN Industry Leader video series sponsored by Wedbush.

Moroney revealed that CQG has successfully developed an AI model capable of predicting the next tick in the E-mini S&P 500 futures with approximately 80% accuracy, using only publicly available market data. However, he emphasized that their goal was not to find the “Holy Grail” but rather to provide customers with tools and infrastructure to conduct their own research and develop strategies.

WAIFC Issues Groundbreaking Guide on Gender Diversity in Finance: “Women in Finance – Compendium of Good Practice”

WAIFC Issues Groundbreaking Guide on Gender Diversity in Finance: “Women in Finance – Compendium of Good Practice”

Gender equality is an issue across all business sectors. The Financial Services industry has particularly struggled despite many efforts to make progress, and the derivatives, hedge fund, and private equity areas have lagged even more so. To share practical examples of ways to attract and retain women at all levels of these organizations, and encourage companies to try new ways of addressing this critical business and social issue, the World Alliance of International Financial Centers (WAIFC) has issued a guide titled “WOMEN IN FINANCE – COMPENDIUM OF GOOD PRACTICE.”

Controversial Past Shadows CME Broker’s Present: Bobby Alpert’s Clash with Open Outcry Trading and Social Media

Controversial Past Shadows CME Broker’s Present: Bobby Alpert’s Clash with Open Outcry Trading and Social Media

Not everyone who participated in the open outcry markets looks back on those days with fondness, or likes to be reminded of them by seeing the videos from The Open Outcry Traders History Project. Case in point is Bobby Alpert, former CME broker and local, half-brother of Barry Lind and one of the administrators of a CME-themed Facebook group.

I have been suspended from the Facebook group “Chicago Mercantile Exchange Friends” until June 14, 2024 by one of the administrators. I can only guess it is Alpert, with whom I have previously clashed on other CME-themed Facebook groups. Alpert has expressed his disdain and boredom multiple times upon seeing me post videos from The Open Outcry Traders History Project on Facebook.

Former CQG President Reflects on Algo Trading, Crypto, and AI’s Impact

Former CQG President Reflects on Algo Trading, Crypto, and AI’s Impact

Elmhurst, IL (JLN) – Josef Schroeter, the former president of CQG, a provider of trading software and market data, shared his insights on the evolution of electronic trading, the rise of crypto, and the potential impact of AI in part three of his interview with John Lothian News for The Path to Electronic Trading video series.

Discussing the advent of algorithmic trading, Schroeter said, “When I look at trading, I see it in three shifts: trading 1.0 was the interfaces, 2.0 was the advent of algo trading, and the third is what we’re seeing now.” He highlighted how algo trading enabled traders to execute orders without constantly monitoring the system, driving a surge in trading volumes. “The better you became at providing algo technology, the more players you could provide for, and the more needs they had,” he added.

Exactpro CEO Highlights AI Testing Expertise at FIA Conference

Exactpro CEO Highlights AI Testing Expertise at FIA Conference

BOCA RATON, Fla. (JLN) – At the recent FIA International Futures Industry Conference, Exactpro Systems CEO Iosif Itkin discussed the company’s AI-enabled software testing services and expertise during an interview with John Lothian News for the JLN Industry Leader video series sponsored by Wedbush.

Itkin revealed that one of the largest trading platform implementations in the world went live seamlessly into production when COVID-19 hit, giving mature clients an additional line of defense to complement their internal teams. Less mature clients building new exchange platforms could rely on Exactpro’s expertise in large-scale, reliable system development.

Josef Schroeter Reflects on the CQG’s Transformation and the Evolution of Electronic Trading in Derivatives Markets

Josef Schroeter Reflects on the CQG’s Transformation and the Evolution of Electronic Trading in Derivatives Markets

Elmhurst, IL (JLN) – Josef Schroeter, the former president of CQG, shares his insights on the company’s journey and the evolution of electronic trading in the derivatives markets.

Schroeter joined CQG in the early 2000s at the invitation of Tim Mather, the owner of CQG at the time. Mather had built CQG into a company known for its data quality and analytics but lacking execution capabilities. Schroeter’s mandate was to transform the company and prepare it for the rapidly approaching shift to electronic trading in the derivatives markets.

Joe Schroeter on Transforming CQG for the Digital Age: From Humble Beginnings to Market Leader

Joe Schroeter on Transforming CQG for the Digital Age: From Humble Beginnings to Market Leader

Elmhurst, IL (JLN) – Joe Schroeter is a change agent and that is exactly why CQG owner Tim Mather hired him in 2000 as the markets were turning electronic and CQG needed to reinvent itself. 

Schroeter shares his humble beginnings in Nebraska farm country and then at the University of Colorado for law school in part one of a three part interview for our MarketsWiki Education video series, The Path to Electronic Trading. 

WFE Study Reveals Impact of Blockchain Settlement Latency on Market Liquidity and Costs

WFE Study Reveals Impact of Blockchain Settlement Latency on Market Liquidity and Costs

Elmhurst, IL (JLN) — Pedro Gurrola-Perez, head of research at the World Federation of Exchanges (WFE), discussed the findings of a recent research report on the impact of Distributed Ledger Technology (DLT) settlement latency on market quality during an interview with John Lothian News. The study, titled “The Effect of DLT Settlement Latency on Market Liquidity,” reveals significant implications for the financial industry, particularly in the context of blockchain technology.

Randolf Roth Discusses Regulatory Challenges and Market Growth in JLN Industry Leader Series

Randolf Roth Discusses Regulatory Challenges and Market Growth in JLN Industry Leader Series

In a recent interview as part of the JLN Industry Leader Series at the Options Industry Conference sponsored by the OCC, Randolf Roth, executive member of the Eurex board, shared insights into the evolving cryptocurrency and derivatives markets, highlighting both regulatory challenges and market growth.

“Two and a half years ago, we launched our Bitcoin ETN product, primarily to navigate the complex regulatory landscape,” Roth said. This initial product has set the stage for more complex derivatives and coins, despite the stringent regulations from both German and European authorities, he said.

Arnab Sen Discusses Institutionalization of Digital Asset Markets at FIA Conference

Arnab Sen Discusses Institutionalization of Digital Asset Markets at FIA Conference

Arnab Sen, co-founder and CEO at GFO-X, shared insights on the institutionalization of cryptocurrency trading during an interview for the JLN Industry Leader series sponsored by Wedbush at the FIA’s International Futures Conference in Boca Raton, FL.

Sen highlighted the significant disparity between the trading volumes of Bitcoin and Ether futures compared to options. “The Bitcoin and Ether futures and purchase market is somewhere in the $50 billion of average daily volume (ADV) versus options being $1.5 billion,” he said. Sen said the need for a true exchange model to mitigate the counterparty risks inherent in the unregulated market, which currently handles everything from KYC and AML to price discovery and settlement.

Europe Poised to Delay Basel Bank Trading Rules by a Year

Europe Poised to Delay Basel Bank Trading Rules by a Year

First Read Hits & Takes John Lothian & JLN Staff CME Group is now accepting registrations for the 4th annual Derivatives Trading Challenge for the MENA region. In collaboration with the Dubai Mercantile Exchange, Gulf Capital Market Association, and Arab Federation of...

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