Posts written by John Lothian

Financial Journalist Greg Burns Recalls Reporting on the Evolution of the Chicago Exchanges

Financial Journalist Greg Burns Recalls Reporting on the Evolution of the Chicago Exchanges

Boca Raton, FL (JLN) – JLN spoke with veteran financial journalist Greg Burns at the FIA Futures Industry Conference in Boca Raton for John Lothian News. Burns talked about how he got into journalism and what reporting on the exchanges was like in earlier days. He said he had been involved in journalism ever since high school – he went on to get a graduate journalism degree – but covering the futures markets came as a surprise.

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, NC (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, FL (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.

John Lothian

John Lothian

Executive Chairman & CEO

JohnLothian@JohnLothian.com MarketsWiki Profile

John J. Lothian is the founder and co-owner of MarketsWikiMarketsWikiEducation and MarketsReformWiki and the publisher of John Lothian News.

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