NIck Baker is the deputy editor-in-chief of CoinDesk, which has about 100 people in its content operation, of which about 50 are journalists. Most work remotely from home, though CoinDesk does have a New York office. Like cryptocurrency, CoinDesk is decentralized, Baker said.
Mark Smith started his career at broker-dealer Edward Jones, became an entrepreneur and then after his second firm was purchased by Citi, he found himself working for the bank, which he found an eye-opening experience.
Copper.co’s Betty Sharples sat down with John Lothian News on the second day of FIA Boca 2022 to discuss industry growth, protecting digital assets, and her hope for regulatory solutions.
Betty Sharples is the business development director for the digital asset custodian Copper.co, which launched in 2018. Since its inception, Copper has provided custody, trading, and digital asset services across 450 crypto assets and over 40 different exchanges. Sharples said that Copper’s products and services all serve a purpose: to bring prime brokerage to the crypto space.
Eventus Systems’ CEO Travis Schwab has been coming to the FIA conference in Boca Raton for 20 years and said it was great to be back to seeing clients in person again this year. Schwab spoke with John Lothian News at the conference about Eventus’ marketing, regulatory and volatility challenges, and the burgeoning crypto field.
John Lothian News interviewed John Fildes of Bain & Company, Inc. of Australia at FIA Boca 2022 about the crypto space, exchange consolidation, payment for order flow and his perspective from down under. Fildes, who was formerly the CEO of Chi-X Australia, is now the capital markets practice lead and expert partner with Bain & Company.
Fildes weighed in on Jump Trading and the wormhole hack, Citadel’s getting into crypto and the 24/7 nature of the crypto business and its impact.
There is a new book out from Risk Books titled “Regtech, Suptech and Beyond.”
The book is a compendium of chapters addressing technology and innovation in regulatory and supervisory oversight in financial services. Different authors explore the emerging best practices in regulatory oversight and financial services that leverage technological solutions.
SEC Special Counsel Laura Harper Powell collaborated with the former President of ICE Trade Vault and current President and Founder of CoinReg Tech Bruce Tupper on a chapter in the book focusing on CFTC regtech implications for virtual currency trading.
Sam Bankman-Fried, the “richest person in crypto” according to Forbes Magazine, is the founder of FTX, a leading exchange for buying and selling crypto derivatives. John Lothian News spoke with him at FIA Expo 2021, where he talked about how the crypto space has grown and changed, crypto versus “traditional finance,” and the latest trends, including NFTs.
The story of FTX is, so far, a short but impressive one. As Brett Harrison tells it, the spot cryptocurrency exchange started only about a year ago. Now FTX does about $400 million in spot volume per day “and growing.” That’s after increasing the company’s user base by 50% in the last quarter.
But in an interview with John Lothian News at FIA Expo 2021, Harrison, the president of FTX, focused on the company’s larger ambitions. He noted that FTX recently acquired CFTC-regulated LedgerX, a clearinghouse and derivatives clearing organization (DCO), that it rebranded as FTX US Derivatives.The platform opens the door for FTX to offer crypto derivatives — futures and options — to its U.S. customers, he said.
Cryptocurrencies are often viewed as the Wild West with very little in the way of law or regulations. If there was one thing the Thursday FIA panel on crypto wanted everyone to know, that is far from the current reality. Significant regulatory obligations exist for those trading cryptocurrencies.
– Crypto edges into the mainstream with Cboe-ErisX acquisition announcement, first-ever bitcoin U.S. ETF debut; SEC’s GameStop study a reflection without regulation;
– John’s Take reviews the data-driven mortgage experience with ICE Mortgage Technology;
– Are you bullish on a stock? The Term of the Week looks at a cash-secured put strategy with Jermal Chandler.
– Stock market volatility continues to chug higher; Energy prices are hot;
– John’s Take walks us through the CFTC’s filing against 14 crypto options businesses;
– A timely look at the VVIX, the volatility of volatility with Russell Rhoads in the Term of the Week.
– Options markets see spike in volatility, but ride out China Evergrande Group’s troubles, Federal Reserve taper expectations;
– John’s Take gives a sneak peek at the FIA IDX 2021 conference and talks about Bryan Harkins and Wall Street Rides FAR;
– What does the VIX Index measure? A tutorial by Russell Rhoads, head of research at EQDerivatives, in the Term of the Week.
First Read Hits & Takes John Lothian & JLN Staff The OCC says be wary of crypto - the Office of the Comptroller of the Currency that is, not The Options Clearing Corporation. The SEC says public companies should disclose their crypto exposure, assuming they...
Observations & Insight Trabue Bland, SVP, Futures Markets at ICE, has written a paper titled "Why financial participants matter to the commodity markets." The chapter topics of the paper include "How derivatives work" and "Participation in the derivatives...