Exchanges, OTC & Clearing

Looking Back on 2020 with Phil Mackintosh, Chief Economist at Nasdaq

by Matt Raebel | Mar 2, 2021

Phil Mackintosh, chief economist at Nasdaq, discusses some of the biggest takeaways learned from 2020, as well as what to expect from 2021.

Peter Fredriksson – The Path to Electronic Trading

by John Lothian | Feb 23, 2021

A Swedish Perspective from the Early Days of Electronic Trading
Peter Fredriksson was with OM in Sweden when they offered the first electronic trading platform.

No, Virginia, There is no Santa Claus; He Was Demutualized

by Thom Thompson | Feb 19, 2021

If you are, like me, someone who has never bought even a single datum let alone have multiple subscriptions with multiple vendors, Acuiti’s newest report on market data makes for fascinating reading.

NFL Calls Time-Out on ErisX’s NFL Binary Options

by Thom Thompson | Feb 16, 2021

The National Football League asked the CFTC to delay any approval of ErisX’s proposed binary options contracts “pending a more comprehensive study” of whether the contracts would be used for hedging and whether users of the contract might be breaking federal laws by risking money on football spread betting across state lines.

Eero Pikat – The Path to Electronic Trading

by John Lothian | Feb 12, 2021

Electronic trading changed the way quotes are generated, archived and delivered to traders, brokers and their clients over the internet. Barchart was a pioneer in delivering quotes over the internet and providing them for several exchanges. Today it is the largest futures-centric quote provider.

Explosion in Retail Options Trade Not a Short-Term Blip, Cboe’s Schwartz Says

by Suzanne Cosgrove | Feb 9, 2021

In the current options market environment of rapid retail trading growth, data on who is trading what -- customer buyers versus firm buyers, that is -- is a hot topic right now. In fact, Henry Schwartz, senior director and head of product intelligence at Cboe Global...

John Van Der Bleek – The Path to Electronic Trading

by John Lothian | Feb 4, 2021

John Van Der Bleek got his start in the markets after working for a hospital part time with someone later hired at the Chicago Mercantile Exchange as an employment manager.

Nasdaq Weathered a “Perfect Storm” in 2020, Led Exchanges in Single Stock Options Volume

by Matt Raebel | Feb 4, 2021

While major world events can cause ripple effects in the markets, the effects of the ongoing pandemic have felt more like a series of earthquakes. The year 2020 was an historic one for many reasons; in Nasdaq’s case, it was also the first year that it led all exchanges in total volume traded for equity options.

Ed Tilly – The Path to Electronic Trading

by Suzanne Cosgrove | Feb 3, 2021

In a recent Zoom interview with John Lothian News for the JLN MarketsWiki Education Path to Electronic Trading series, Cboe Global Markets Chairman. President and CEO Ed Tilly shared the story of his start in the options industry and how that led him on a path towards electronic trading.

John Lothian: A Futures Trader’s Confession

by John Lothian | Feb 3, 2021

All the Ways I Have Traded Futures Over the Years I was brought up as a futures trader and the people I knew were futures traders. The people at my first industry-related job that I listened to on long car rides or on the radio talked about futures. The people I...

FIA 2020 Volume Review Shows Global Growth, Geographic Evolution of Industry

by Suzanne Cosgrove | Jan 28, 2021

While activity in futures and options was undeterred by the pandemic in 2020, logging record volume for a third year in a row, a closer look at data produced by the Futures Industry Association shows a shift in recent years in where that volume occurred and what was...

Olivier Raevel – MarketsWiki Education Open Outcry Traders History Project

by John Lothian | Jan 26, 2021

Olivier Raevel is the first trader from the International Petroleum Exchange, or IPE, to be interviewed for the JLN MarketsWiki Education Open Outcry Traders History Project. He made history as a founding member of ICE and recommended that ICE buy the IPE.

NFA Bars Futures Broker Gary Fullett from Membership for Five Years; Surprising it Took This Long

by John Lothian | Jan 15, 2021

The National Futures Association has barred broker Gary Fullett from being an NFA member for five years and fined him $50,000 if he ever wants to come back, among other actions.

Elevated Risk Levels, Volatility Seen Continuing as 2021 Debuts

by Suzanne Cosgrove and Matt Raebel | Jan 14, 2021

Written by Suzanne Cosgrove and Matt Raebel The pandemic of 2020 and its associated economic fallout pushed the Cboe Volatility (VIX) Index to record highs, and it’s expected to stay elevated even as COVID-19 vaccines are rolled out and dispensed and global economies...