Fintech

Regulatory Uncertainty Clouds Options Market Innovation

Regulatory Uncertainty Clouds Options Market Innovation

David Dooman, head of options at Dash Financial, a subsidiary of ION Group, expressed concerns about the impact of regulatory uncertainty on the options markets during an interview at the Options Conference in Asheville, NC.  Dooman highlighted several key issues stifling innovation and offered recommendations to address the industry’s challenges.

Connamara CEO Prioritizes Regulatory Compliance for Exchange Clients

Connamara CEO Prioritizes Regulatory Compliance for Exchange Clients

Boca Raton, FL (JLN) – Jim Downs, CEO of Connamara Technologies, a provider of exchange infrastructure technology, emphasizes the importance of regulatory compliance for clients during an interview at the FIA’s International Futures Industry Conference in Boca Raton, FL. Connamara’s customer base consists of 40% regulated entities in derivatives and equities markets, with the remaining clients ranging from crypto infrastructures in the US to an equity platform in Brazil, Downs said. Downs highlighted that even unregulated clients aim to operate as if they were regulated, maintaining rulebooks and prioritizing brand reputation, he said.

Fintech Banker Sees Pockets of Progress Amid Uneven Recovery

Fintech Banker Sees Pockets of Progress Amid Uneven Recovery

Boca Raton, FL (JLN) – Dushyant Shahrawat, a managing director at the boutique investment bank Rosenblatt Securities, sees an uneven recovery playing out in financial markets and technology hubs around the world. In an interview at the FIA International Futures Industry Conference in Boca Raton, Fla., Shahrawat said the public markets have regained momentum, even as the Federal Reserve signals continued interest-rate increases. “The public market seems to be recovering very well,” he said.

Baton Systems CEO Outlines Expansion, Future of Collateral Sector

Baton Systems CEO Outlines Expansion, Future of Collateral Sector

BOCA RATON, FL (JLN) – Arjun Jayaram, founder and CEO of Baton Systems, discussed the company’s expansion plans and the future of the collateral sector in an interview at the FIA’s International Futures Industry Conference. Jayaram said Baton is seeing increased demand to extend its core collateral products beyond cleared derivatives markets into uncleared derivatives and the broader collateral ecosystem. This includes providing real-time asset inventory visibility, eligibility mapping across venues, and facilitating mobilization of collateral assets.

Financial Journalist Greg Burns Recalls Reporting on the Evolution of the Chicago Exchanges

Financial Journalist Greg Burns Recalls Reporting on the Evolution of the Chicago Exchanges

Boca Raton, FL (JLN) – JLN spoke with veteran financial journalist Greg Burns at the FIA Futures Industry Conference in Boca Raton for John Lothian News. Burns talked about how he got into journalism and what reporting on the exchanges was like in earlier days. He said he had been involved in journalism ever since high school – he went on to get a graduate journalism degree – but covering the futures markets came as a surprise.

Nasdaq Embraces Cloud Migration and AI for Options Markets

Nasdaq Embraces Cloud Migration and AI for Options Markets

ASHEVILLE, NC (JLN) – Sean Feeney, a Nasdaq executive, explained the exchange’s plans to migrate its options markets to the cloud and leverage artificial intelligence (AI) during an interview at the Options Industry Conference in Asheville, N.C. sponsored by the OCC.

Feeney stated that Nasdaq has committed to transitioning its markets globally to the cloud, partnering with AWS to ensure their technology keeps pace with rapid advancements. “Our partnership with AWS is really to shore up and ensure that our markets are moving at the speed of technology, which at this point is like the breakneck speed of life,” he said.

Webull Sees Growth in Retail Options Trading, Plans Further Expansion

Webull Sees Growth in Retail Options Trading, Plans Further Expansion

ASHEVILLE, NC (JLN) – Arianne Adams, chief strategy officer at the online brokerage Webull, highlighted the company’s focus on expanding access to derivatives trading, particularly for retail investors, in an interview with John Lothian News for the JLN Industry Leader video series sponsored by the OCC at the Options Industry Conference.

Symphony CEO Brad Levy Sees Convergence of Traditional and Decentralized Finance

Symphony CEO Brad Levy Sees Convergence of Traditional and Decentralized Finance

Elmhurst, IL (JLN) – Brad Levy, the CEO of Symphony, a leading financial services messaging platform, envisions a future where traditional finance (TradFi) and decentralized finance (DeFi) coexist on a continuum rather than being separate entities.

In an interview with John Lothian News, Levy expressed his belief in the digital asset world, saying, “We’re more of the belief that TradFi and DeFi are going to blend and have a spectrum versus there’s a crypto taking out fiat or everything’s moving to token from analog.”

CQG Executives Discuss AI Integration and Future Plans at FIA Conference

CQG Executives Discuss AI Integration and Future Plans at FIA Conference

BOCA RATON, FL (JLN) – At the recent FIA International Futures Industry Conference, CQG executives Pat Kenny and Ryan Moroney shared insights into the company’s exploration of AI technology and its future plans during an interview with John Lothian News for the JLN Industry Leader video series sponsored by Wedbush.

Moroney revealed that CQG has successfully developed an AI model capable of predicting the next tick in the E-mini S&P 500 futures with approximately 80% accuracy, using only publicly available market data. However, he emphasized that their goal was not to find the “Holy Grail” but rather to provide customers with tools and infrastructure to conduct their own research and develop strategies.

Former CQG President Reflects on Algo Trading, Crypto, and AI’s Impact

Former CQG President Reflects on Algo Trading, Crypto, and AI’s Impact

Elmhurst, IL (JLN) – Josef Schroeter, the former president of CQG, a provider of trading software and market data, shared his insights on the evolution of electronic trading, the rise of crypto, and the potential impact of AI in part three of his interview with John Lothian News for The Path to Electronic Trading video series.

Discussing the advent of algorithmic trading, Schroeter said, “When I look at trading, I see it in three shifts: trading 1.0 was the interfaces, 2.0 was the advent of algo trading, and the third is what we’re seeing now.” He highlighted how algo trading enabled traders to execute orders without constantly monitoring the system, driving a surge in trading volumes. “The better you became at providing algo technology, the more players you could provide for, and the more needs they had,” he added.

Exactpro CEO Highlights AI Testing Expertise at FIA Conference

Exactpro CEO Highlights AI Testing Expertise at FIA Conference

BOCA RATON, Fla. (JLN) – At the recent FIA International Futures Industry Conference, Exactpro Systems CEO Iosif Itkin discussed the company’s AI-enabled software testing services and expertise during an interview with John Lothian News for the JLN Industry Leader video series sponsored by Wedbush.

Itkin revealed that one of the largest trading platform implementations in the world went live seamlessly into production when COVID-19 hit, giving mature clients an additional line of defense to complement their internal teams. Less mature clients building new exchange platforms could rely on Exactpro’s expertise in large-scale, reliable system development.

Josef Schroeter Reflects on the CQG’s Transformation and the Evolution of Electronic Trading in Derivatives Markets

Josef Schroeter Reflects on the CQG’s Transformation and the Evolution of Electronic Trading in Derivatives Markets

Elmhurst, IL (JLN) – Josef Schroeter, the former president of CQG, shares his insights on the company’s journey and the evolution of electronic trading in the derivatives markets.

Schroeter joined CQG in the early 2000s at the invitation of Tim Mather, the owner of CQG at the time. Mather had built CQG into a company known for its data quality and analytics but lacking execution capabilities. Schroeter’s mandate was to transform the company and prepare it for the rapidly approaching shift to electronic trading in the derivatives markets.

European Principal Traders Gain Strategic Edge with New Advisors and Leadership, Aims to Enhance Market Transparency and Competitiveness

European Principal Traders Gain Strategic Edge with New Advisors and Leadership, Aims to Enhance Market Transparency and Competitiveness

Boca Raton, FL (JLN) – The FIA European Principal Traders Association has more punching power now, said its secretary general, Piebe Teeboom, after the traders group added two advisors to its team. Teeboom was interviewed by John Lothian news at the FIA International Futures Conference in Boca Raton, FL in March for the JLN Industry Leader video series sponsored by Wedbush.

Joe Schroeter on Transforming CQG for the Digital Age: From Humble Beginnings to Market Leader

Joe Schroeter on Transforming CQG for the Digital Age: From Humble Beginnings to Market Leader

Elmhurst, IL (JLN) – Joe Schroeter is a change agent and that is exactly why CQG owner Tim Mather hired him in 2000 as the markets were turning electronic and CQG needed to reinvent itself. 

Schroeter shares his humble beginnings in Nebraska farm country and then at the University of Colorado for law school in part one of a three part interview for our MarketsWiki Education video series, The Path to Electronic Trading. 

Cryptocurrency and Regulatory Landscape: Insights from Katten Attorneys

Cryptocurrency and Regulatory Landscape: Insights from Katten Attorneys

BOCA RATON, Fla. (JLN) — In a recent interview at the FIA’s International Futures Industry Conference, Katten attorneys Lance Zinman and Dan Davis shared their perspectives on the evolving landscape of cryptocurrency and regulatory changes in the financial industry. The future of trading firms may involve more consolidation and a greater number registering as broker-dealers, the two Katten attorneys said. 

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Crisis memory, geopolitics and the risks of financial contagion

Crisis memory, geopolitics and the risks of financial contagion

First Read Hits & Takes John Lothian & JLN Staff When Jack A. Wing died in 2011, I realized the industry was losing some of the pioneers of the financial futures era. Wing founded the masters program in financial engineering at the Illinois Institute of Technology,...

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The Spread

The Stock Market Has Rarely Been This Sleepy

Lead Stories The Stock Market Has Rarely Been This Sleepy Gunjan Banerji - The Wall Street Journal It's eerily calm out there in the stock market. The Cboe Volatility Index, or VIX, dropped below 12 last week, a nearly five-year low. The gauge, based on options prices...