Fixed Income/Credit

Trading of futures and options on track to a record year – FIA

Trading of futures and options on track to a record year – FIA

Trading of futures and options is on track to a record year, with higher levels of trading activity in many sectors, notably interest rate and equity index contracts, according to the FIA’s Will Acworth, who went over the volume numbers for the first nine months of 2022 in a FIA webinar titled, “Q3 2022 Trends in Futures and Options Trading” Wednesday. 

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile had an aunt who invested in the stock market who bought Vaile some stock when he was 10 years old and that experience caused him to want to be a stockbroker. As a result, Vaile became a student of the market.

He went to a couple of different colleges in Illinois, then ended up in a program at Wharton for students who did not graduate from college. 

Vaile was working for Morgan Stanley and living in Lake Geneva, WI, surrounded by friends in the futures markets and he wanted to get involved with what was happening. He said he badgered Morgan Stanley to get involved. They gave him permission, but he said he could see how long it would take for them to truly become involved and he did not have the patience for that.

TT’s Todd Talks Talos, Crypto, What Comes Next and Energizing a Motivated Team

TT’s Todd Talks Talos, Crypto, What Comes Next and Energizing a Motivated Team

Trading Technologies CEO Keith Todd made a deal with Talos, a provider of institutional digital asset trading technology, and John Lothian News wanted to know more about it and what it meant for TT and its customers. 

So JLN sat down with Todd in TT’s offices in London on the Monday of IDX week to shoot a video interview with Todd as TT was preparing to make the announcement. 

John’s Take – Hitesh Mittal of BestEx Research on Payment for Order Flow

John’s Take – Hitesh Mittal of BestEx Research on Payment for Order Flow

This week comedian and TV star Jon Stewart shined a big bright light on the subject of payment for order flow in equities trading on an episode of his show, The Problem with Jon Stewart. While his take is always entertaining and sometimes impactful, I wanted to share with you another source that has also looked at the subject.

Hitesh Mittal and Kathryn Berkow of BestEx Research released a paper last year titled “The Good, The Bad & The Ugly of Payment for Order Flow” that looked at the impact of the practice on institutional investors.

John McPartland – The History of Financial Futures – JLN

John McPartland – The History of Financial Futures – JLN

Longtime Banker Played Key Role During Early Days of IMM Currency Deliveries John McPartland joined Continental Bank in 1973 after leaving the Air Force. He worked two years in the internal audit department where he learned about secured financing. He was honing his...

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

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

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.

Broadway 2.0’s Long and Winding Road to Independence

Broadway 2.0’s Long and Winding Road to Independence

John Lothian Publisher John Lothian News 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.

Tesla Trade Spurs Early-Week Stock Selling; Inflation Index Jumps; Options Volume Continues to Set Records – The Spread – November 12, 2021

Tesla Trade Spurs Early-Week Stock Selling; Inflation Index Jumps; Options Volume Continues to Set Records – The Spread – November 12, 2021

– 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.

Trading Technologies to Be Acquired by 7RIDGE

Trading Technologies to Be Acquired by 7RIDGE

Press release from Trading Technologies: Trading Technologies International, Inc., (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced that the company has agreed to be acquired by 7RIDGE, a specialized growth equity firm invested in transformative technologies. 7RIDGE will fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future. Cboe Global Markets, Inc. (Cboe: CBOE) and Singapore Exchange (SGX), who are among the limited partners of the fund managed by 7RIDGE, have voiced their support of the transaction. Terms of the transaction, expected to close before year-end subject to regulatory approvals, were not disclosed.

The History of Financial Futures: Lee Oliver’s Career Turns Led Him From Brokering to Reporting, Part 1

The History of Financial Futures: Lee Oliver’s Career Turns Led Him From Brokering to Reporting, Part 1

Lee Oliver grew up in South London and in 1981 left school for a temporary stint at brokering — a prospect that seemed more financially appealing at the time than getting a university degree in German or history.

In this video interview with John Lothian, Oliver talks about his career as a market maker and FX trader for several banks, beginning with Midland and continuing at Continental and Nomura Banks.

Trillions Is a History Lesson for Anyone Involved in the Markets

Trillions Is a History Lesson for Anyone Involved in the Markets

Robin Wigglesworth loves history. He is the author of a new book on the history of passive investing titled, “Trillions; How A Band Of Wall Street Renegades Invented The Index Fund And Changed Finance Forever.”

Wigglesworth spoke to John Lothian News over Zoom from Oslo, Norway where he is stationed as a correspondent with the Financial Times. We interviewed him about this first book he has written and why he wrote it.

Morningstar Scaling Up Against Industry Dominators

Morningstar Scaling Up Against Industry Dominators

The index business is dominated by three big companies: Dow Jones Indexes, FTSE Russell, and MSCI; but there is a Chicago index company that has big plans to advance and scale up its business to bring more value to index clients and leave more money in the pockets of investors. Former FTSE Russell executive and now Morningstar Indexes Managing Director Ron Bundy is charged with the evolution and growth of Morningstar Indexes.

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Wall Street’s Booming ETF Market Is On Brink of Record Launches

Observations & Insight Trabue Bland, SVP, Futures Markets at ICE, has written a paper titled "Why financial participants matter to the commodity markets." The chapter topics of the paper include "How derivatives work" and "Participation in the derivatives...

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