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.
Michael Chin is the CEO of Broadway Technology, which recently went through a rebrand and is now just Broadway. The path to Broadway 2.0, as Chin called it, was an unusual one. Chin was interviewed recently by John Lothian News about its journey from acquisition to independence.
Broadway Technology has been working on a renewal since it was spun out of ION Trading after the U.K.’s Competitive Markets Authority told ION it had to spin back out most of Broadway because of overlap in both firms’ fixed income offerings.
Celebrating its 40th anniversary this year, CQG is notable for its long run offering real-time and historical trading data, along with technical analysis tools, but its leaders are in no mood to fade into the sunset. Instead, they are pivoting to take on the next generation.
In a video interview with JLN at FIA Expo 2021, Ryan Moroney, CQG Inc. president, and Pat Kenny, senior vice president, talked about a suite of trade execution technologies recently unveiled by the company.
Sam Bankman-Fried, the “richest person in crypto” according to Forbes Magazine, is the founder of FTX, a leading exchange for buying and selling crypto derivatives. John Lothian News spoke with him at FIA Expo 2021, where he talked about how the crypto space has grown and changed, crypto versus “traditional finance,” and the latest trends, including NFTs.
The story of FTX is, so far, a short but impressive one. As Brett Harrison tells it, the spot cryptocurrency exchange started only about a year ago. Now FTX does about $400 million in spot volume per day “and growing.” That’s after increasing the company’s user base by 50% in the last quarter.
But in an interview with John Lothian News at FIA Expo 2021, Harrison, the president of FTX, focused on the company’s larger ambitions. He noted that FTX recently acquired CFTC-regulated LedgerX, a clearinghouse and derivatives clearing organization (DCO), that it rebranded as FTX US Derivatives.The platform opens the door for FTX to offer crypto derivatives — futures and options — to its U.S. customers, he said.
Why bring Exegy Inc. and Vela Trading Systems together? The firms combined forces last May and two of their executives talked to JLN about the reason behind their merger at the FIA Expo 2021 in November.
David Taylor, Exegy’s chief technology officer and co-president, said the combination allows the companies to have more scale in the marketplace and gives them more opportunities to invest in the expansion of the company’s offerings. “Growing organically and inorganically was always part of our agenda,” he said.
Bevon Joseph, executive director and co-founder of the Greenwood Project — along with his wife, Elois Joseph — is a victim of his own success. The program has boomed, and he is thrilled.
“The impact has been crazy,” he said. “We didn’t see this coming, but we are happy.”
In a video interview with John Lothian News at FIA Expo 2021, Joseph said the program, which introduces high school and college students in underserved communities to the financial services industry, has seen especially dramatic expansion in 2020 and 2021 with the attraction of new talent and the extension of the project to new cities.
The most recent chapter of Lee Oliver’s career took him back into the world of banking and FX trading.
In the second of a two-part video interview with John Lothian, Oliver talked about his transition from a busy career as a freelance writer for Euromoney to a job writing and editing for Cititbank’s wire service.
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.
– Tesla CEO Elon Musk sells shares, briefly captivates the equity market; Higher inflation news chills Treasury trading; Options volume continues to set records;
– John’s Take profiles Stable, the winning innovator of the year at FIA Expo 2021;
– EQDerivatives’ Russell Rhoads explains the Nasdaq-100 Volatility Index in the Term of the Week.
It was nearly a week after Trading Technologies announced it would be acquired by the private equity firm 7RIDGE, along with its limited partners Cboe Global Markets, Inc. and the Singapore Exchange, but the company’s top executives were still celebrating.
Interviewed together at the FIA Expo last week, Tim Geannopulos, chairman and CEO of Trading Technologies, and Keith Todd, incoming CEO of TT and current chairman and CEO of KRM22, were positively giddy with excitement about the deal.
The last panel of the day on the last day of Expo was surprisingly well attended – perhaps because it was about cryptocurrency, a topic that sprang up on many of the other Expo panels that were not even supposed to be discussing cryptocurrency.
Cryptocurrencies are often viewed as the Wild West with very little in the way of law or regulations. If there was one thing the Thursday FIA panel on crypto wanted everyone to know, that is far from the current reality. Significant regulatory obligations exist for those trading cryptocurrencies.
Although the five speakers at a Thursday FIA Expo panel titled “Sustainability/ESG and Markets” agreed that the ESG sector is one of the biggest growth areas in the marketplace, they said it can be difficult to define exactly what ESG encompasses.
The “E” (for environmental) is self-evident, but the “social and governance components are much more challenging,” said Elizabeth Turner, Qontigo’s director of index product management.
First Read Hits & Takes John Lothian & JLN Staff What is going on at BOX OPTIONS? We noticed the BOX website no longer lists Ed Boyle and Lisa Fall as CEO and president respectively. JLN reached out to Boyle and he had no comment. Lisa is still listed on the...
Observations & Insight NOTE: In observance of the Martin Luther King Jr. holiday the JLN Options newsletter will not be published on Monday, January, 17. We'll be back on Tuesday, January 18. Have a great weekend! ++++ What is going on at BOX OPTIONS? We noticed...