Exchanges/OTC & Clearing
Jeff Bernacchi – Open Outcry Traders History Project
MarketsWiki Education's Open Outcry Traders History ProjectJeff Bernacchi fell in love with futures trading on a trip to the exchange with his microeconomics class. He also recorded the best results in the class for paper trading. During college he was...
Global Appeal: Tim McCourt of the CME Group
ESGs, S&P E-Minis, and Bitcoin Options – oh my! Tim McCourt stopped by the Eurex booth at FIA Expo 2019 to discuss how consumer demand has shaped the CME’s latest product offerings.
Donnie Roberts – Open Outcry Traders History Project
MarketsWiki Education's Open Outcry Traders History ProjectDonnie Roberts came to Chicago after graduating from graduate school with a love of futures and options trading. He chose Chicago over New York and London. He came to the visitor center of the...
A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part 2
The Cost to the MarketsIf there was a new prescriptive regulation from the CFTC that said every line of code written for any trading software must be documented as to its purpose and intent, there would be a hew and cry from the industry about the cost versus benefit...
A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part I
Cost-benefit analysis is an important part of the regulatory process and even more so after Dodd-Frank became the law of the land. The CFTC does not have an unlimited budget, though it is attempting to throw the legal version of the kitchen sink at Jitesh...
FIA Expo Day Two: Alternatives to LIBOR
Transitions, disruptions and outright change are not new to the futures and options industry, but at this year’s FIA Expo, those themes seemed to loom especially large. One of the biggest changes the industry is facing is the transition from LIBOR to other...
Justice for Jitesh: Special Sauce is Never Shared
I worked with traders and systems developers for many years when I was a futures broker. During the time I worked with them, they never shared with me their “special sauce,” the intellectual property that made their trading systems tick. There...
Justice for Jitesh; CFTC Should Drop Civil Charges and Apologize
I have created a petition titled "Justice for Jitesh: CFTC Should Drop Civil Charges and Apologize" on Change.org. Here is a link to sign the petition: Justice for Jitesh Petition. I ask you to read and please sign this petition. My hope is go...
A Legacy of Innovation Binds Chicago’s Financial Community and Boy Scouts
For nearly 50 years, the Chicago financial district has supported the Boy Scouts of America with a fundraiser. The glory years of the LaSalle Street Dinner featured a circus tent set up on LaSalle Street for a summer soirée.More than 100 years...
Statement on Justice for Jitesh Thakkar
There is a cloud hanging over the CFTC’s Technology Advisory Committee that does not involve Bitcoin. That cloud has darkened recently. The cloud is the civil case against Jitesh Thakkar, a one-time contributor to the TAC’s high frequency...
The CMW Podcast Episode 4: Evolving With the Market
Why did Scott Freeman go from being a managing partner at a quantitative hedge fund to starting a company for digital asset trading and advisory services? Scott answers this and other fascinating questions about pivoting into institutional crypto trading, navigating through the regulatory nuances between different markets around the world, and more.
The CMW Podcast Episode 3: A Speculative Streak
Bill Ulivieri, former CBOE market maker and Principal of Cenacle Capital Management LLC, is a veteran of the industry who’s done it all – including crypto trading. Ulivieri joins Matt at the JLN studio to discuss the benefits and shortcomings of digital assets as a store of value, and how he thinks bitcoin fits into the future of global finance.
CFTC v Thakkar: a fishing license
Jitesh Thakkar, the Chicago computer programmer charged with aiding and abetting a market manipulation by supplying software, was back in court on Wednesday. Thakkar’s attorney, Renato Mariotti, presented his motion for summary judgment at least to forestall lengthy discovery by the CFTC.
HKEX and LSE, A Capitalist’s Conundrum
Today’s bid by Hong Kong Exchanges & Clearing (HKEX) to buy the London Stock Exchange Group for $36.6 billion is a conundrum in what otherwise would be a continuation of global consolidation among exchanges. But it is muddied by the geopolitical backdrop that could make the London Stock Exchange off limits to certain suitors, especially those under the control of the Chinese government.
Bakkt readies CME challenge
On Friday last week Bakkt opened the Bakkt Warehouse for its bitcoin custody business, as it prepares for ICE US’s launch of futures trading on September 23. Bakkt is counting on the warehouse to be the unique selling point as it goes head-to-head with the CME’s 21-month old bitcoin futures.
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Charles Schwab to Buy TD Ameritrade for $26 Billion, Reports Say
First Read Hits & Takes By JLN Staff Today's MarketsWiki Education Open Outcry Traders History Project series video is of Jeff Bernacchi, a CME member and former member of the CME Group board of directors who recently retired from the board...
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End of Libor Creates Uncertainty for CME’s Giant Eurodollar Market; Bets on a Strong Pound Are Getting in the Way of a Strong Pound
Lead Stories End of Libor Creates Uncertainty for CME's Giant Eurodollar Market Alexander Osipovich - WSJ The clock is ticking on a huge futures market where nearly $3 trillion changes hands on an average day. Eurodollar futures, which let...
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