Crypto
Meet El Salvador, Newest Bitcoin Paradise
On Saturday, June 5, President Nayib Bukele of El Salvador announced that he would ask his country’s legislature to declare bitcoin “legal tender” in the country. This statement was part of a pre-recorded presentation to Miami, Florida’s Bitcoin 2021 conference.
Goldman Sachs Analysts’ Theory About the VIX; Regulators Eye Index Providers – The Spread
This week on The Spread, a Virginia resident is ordered to pay $5 million for defrauding investors, the SEC considers index regulation, bitcoin options drive bitcoin’s price down, and more.
Bradley Rotter – Open Outcry Traders History Project, Part One
Bradley Rotter has been a pioneer in financial futures, hedge fund investing and cryptocurrencies. He was on the trading floor of the Chicago Board of Trade when financial futures were just getting started. He convinced Merrill Lynch they needed a financial futures expert and was hired, then later moved to New York to work for EF Hutton before returning to Chicago to become the floor manager for AG Becker & Co. when bonds were first traded in the old South Room of the CBOT.
CME announces close of most of its trading pits; Cboe dabbles in ESG – The Spread
This week on The Spread, the CME Group announces it’s keeping most of its pits closed for good, Cboe announces it’s getting into ESG derivatives, and more.
The CryptoMarketsWiki Podcast Episode 19: Coinbase Goes Public
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.
Scott Knudsen – From Open Outcry to Electronic Trading to Trading the GOAT
Former IMC Trader and Executive Opens Up About Trading on the Floor, Off The Floor and Building the GOAT Trading System at IMC Scott Knudsen found his way to the world of trading by mistake on the online portal at the career center at the Northwestern University where...
Scott Knudsen – The Path to Electronic Trading Led to a Best Execution Platform For Bitcoin
A Trader and Industry Executive Who Continues to Change with the Times. John Lothian News interviewed Scott Knudsen, the founder of Cove Markets and a longtime former executive with IMC, for The Path to Electronic Trading video series, but we broke off this part of...
The Spread: Tiger Billionaire
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.
The Spread: Moonshot
This week on The Spread, bitcoin options hit records for bullishness, the OCC adds two industry veterans to its board of directors, and more.
The CryptoMarketsWiki Podcast Episode 18: Building a Better Mousetrap (David Olsson, BlockFi)
David Olsson, Global Head of Distribution at BlockFi, discusses how BlockFi is striving to become the “global crypto bank of the future.”
FIA Boca-V: Crypto Goes Mainstream at Boca, Day 2
The second day of FIA Boca-V was reserved mainly for discussions focused on one of the most disruptive pieces of financial technology shaking up the markets today. I’m not talking about smartphone apps that let you make options bets based on nihilistic posts you read on Reddit – I’m talking about cryptocurrency.
BitVol, A “VIX-Like” Volatility Index for Bitcoin, Makes Its First Trade
The first-ever over-the-counter (OTC) trade of BitVol, the options-fuelled volatility index for bitcoin developed by T3 Index, the creators of the SPIKES index, was executed Wednesday by LedgerPrime, a quantitative digital asset investment firm owned by Ledger Holdings (the parent company of LedgerX). The counterparty for the trade was a cryptocurrency asset manager that was not named.
NFL Calls Time-Out on ErisX’s NFL Binary Options
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.
The CryptoMarketsWiki Podcast Episode 17: The Ripple Effect
In this episode of the CryptoMarketsWiki Podcast, Matt Raebel and Thom Thompson discuss some of the biggest stories of the year so far.
Yellen Looks Likely To Stick With Treasury Department Policy Regarding Bitcoin
President-elect Joe Biden’s Treasury Secretary nominee, Janet Yellen, upset the cryptoverse yesterday with her response to a senator’s question about terrorism during her Senate Finance Committee confirmation hearing. With regard to terrorist financing, she said,...
CMW Page of the day
Owain Johnson: World-Class Listener, Citizen, Author and Researcher, Sees Acceleration of Economic Change
Things are happening so fast amidst an acceleration of economic change that the old order of product adoption by various categories of industry players is being upended, Owain Johnson told John Lothian News in a recent interview.
That speed of change is exciting to Johnson, the London-based global head of research for the CME Group. New asset classes are joining the six traditional asset classes of the CME’s traded products, he said. He mentioned digital assets as a new asset class, as well as environmental products. The CME’s new CVOL products are also exciting. The CME’s six traditional asset classes are agriculture, metals, energy, interest rates, equities and foreign exchange.
John Lothian Newsletter
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U.S. regulators urge financial firms to quickly ditch Libor rate benchmarks
First Read $42,416/$300,000 (14.1%) Bruce Sunderland ++++ Hits & Takes John Lothian & JLN Staff The character actor Ned Beatty has died at the age of 83. He acted in 150 movies, including the iconic "Network." While the movie Network might be better known for...
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AMC Stock-Price Surge: Veteran Options Trader on 3 Drivers of It
Observations & Insight ****JJL: The CME Group has issued the following notice: "Amendments to and Delisting of Certain CME and CBOT Products in Connection with the Elimination of Most CME and All CBOT Open Outcry Trading Pits and Related Frequently Asked Questions...
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