Tech / HFT

Blue Ocean Technologies CEO Bryan Hyndman Sees Clear Sailing for ATS in Overnight Trading

by John Lothian | May 25, 2022

Bryan Hyndman was recently promoted to CEO of Blue Ocean Technologies, which has developed from a broker-dealer that matched buyers and sellers by phone during the overnight market hours to an ATS that allows Asian investors to trade U.S. stocks electronically during overnight market hours. Hyndman was recently interviewed by John Lothian News about Blue Ocean and his new role.

Hyndman, a longtime Nasdaq executive, joined Blue Ocean to help raise capital to grow the company. He was eventually asked to join Blue Ocean and run it. Before Hyndman joined, the company’s vision was to trade just ETFs; he extended it out to all NMS (National Market System) stocks. Today, Blue Ocean offers trading on more than 12,000 NMS stocks on its platform.

Citadel Securities’ Troy Kane discusses the growth of retail trading, Citadel’s wade into Crypto, and its growth in Asian markets

by John Lothian | Apr 12, 2022

Troy Kane got his start when he was 14 years old working on the trading floors of the Chicago Board of Trade for his mother’s company and clerking for locals. “My first job was to collect the trading cards every 15 minutes and tally up positions,” Kane said. “So if you were wrong, you were usually fired that day, so you better not be wrong. I did that every summer in high school and learned the business from the ground up.”

Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

by John Lothian | Jan 5, 2022

In early November Telstra partnered with Equinix to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges. JLN interviewed Telstra’s Adam Day after the FIA EXPO about this deal and what it means for Telstra’s customers and potential clients.

The Telstra Octagon solution uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. And now, with Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations improved network connectivity, access to the Equinix data center and colocation and Equinix Fabric interconnection services adjacent to the exchanges.

FIA Expo 2021 Video: Tom Lazenga of TNS Talks Tech

by John Lothian | Nov 16, 2021

Tom Lazenga is global head of sales at TNS, or Transaction Network Services, a fintech firm that provides global real-time data communication networks to industry participants. John Lothian News interviewed him at FIA Expo about the firm’s technology offerings and its plans for the future.

Alan van Griethuysen’s Dutch Path to Electronic Trading

by John Lothian | Sep 24, 2021

Alan van Griethuysen wanted to be an officer in the Netherlands Royal Army, following in the footsteps of his father, who was a full colonel in the military police.

However, when he took a one-year leave while in school and worked in hotels in England, it started a path that led him to the options exchange in Amsterdam. That first job as a price reporter began a tenure of 32 years at the exchange, which saw many changes during van Griethuysen’s time.

Joe Panfil’s Path to Electronic Trading Led Him to Building and Optimizing Globex

by John Lothian | Aug 30, 2021

Former CME Infrastructure Executive Talks to John Lothian News When Joe Panfil joined the Chicago Mercantile Exchange staff in 1997 as an information technology professional, the CME was still a member-owned, club-like organization focused on open outcry trading....

Donald MacKenzie Takes a Long Look at High-Frequency Trading and its History

by John Lothian | May 26, 2021

Donald MacKenzie, a professor of sociology at University of Edinburgh, became fascinated with high-frequency trading 10 years ago, specifically about the alpha involved in speed. John Lothian News interviewed Professor Donald MacKenzie over Zoom about his new book “Trading at the Speed of Light; How Ultrafast Algorithms are Transforming Financial Markets,” published by Princeton University Press.

To Start a Revolution, the Small Exchange Needs Revolutionaries

by John Lothian | May 25, 2021

An Old Idea to Start a New Revolution In a recent JLN interview, Donnie Roberts, the CEO of the Small Exchange, said he “want(ed) people to join a bit of a revolution that we feel we have started.” If Roberts is going to succeed, he is going to have to put on his...

JIm Krause: The Path to Electronic Trading

by John Lothian | May 4, 2021

Former CME CIO Krause Recalls the History of CME Globex From the Beginning Jim Krause came to the futures industry from a job in temperature control and HVAC at a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by...

Credit Suisse Sued for Alleged Market Manipulation; OIC 2021 a Virtual Success – The Spread

by Matt Raebel | May 4, 2021

This week on The Spread, Credit Suisse prepares for round two of a lawsuit alleging it committed market manipulation, a New York vol quant wins big on momentum trades, the OCC wins and gives awards, and more.

The CryptoMarketsWiki Podcast Episode 19: Coinbase Goes Public

by Matt Raebel | Apr 29, 2021

In this episode of the CryptoMarketsWiki podcast, Matt and Thom discuss Coinbase’s recent debut as a publicly-traded company, as well as some updates about a company that wants to revitalize the U.S.’s struggling bitcoin mining industry.

OCC reduces clearing fees; Coinbase CEO sells $292 million worth of COIN shares – The Spread

by Matt Raebel | Apr 23, 2021

This week on The Spread, major exchanges begin trading options on Coinbase stock, Eurex announces record volume for ESG derivatives, Gary Gensler is confirmed as head of the SEC, and more.

Options traders make gargantuan VIX options bet; FINRA gently reminds members to exercise “reasonable diligence” – The Spread

by Matt Raebel | Apr 16, 2021

This week on The Spread, traders make a $40 million bet on VIX options, FINRA reminds its members to vet options trading accounts appropriately, MIAX announces a new partnership, and more.

The Spread: Tiger Billionaire

by Matt Raebel | Apr 1, 2021

This week on The Spread, the unregulated crypto exchange Deribit announces a bitcoin volatility index, the CME says over 1 million micro e-mini equity options contracts traded, and more.