John Lothian News conducted an exclusive video interview at the FIA’s EXPO in Chicago with CQG President Ryan Moroney and Senior Vice President Pat Kenny. The interview delved into the current state of CQG and explored industry trends, shedding light on the company’s strategic direction.
As the discussion began, Moroney and Kenny addressed the performance of the second half of the year for CQG. Kenny said, “Everything has been a little higher, higher, higher, over the last two or three years.”
“The second half looks great. I think it just leads to next year and what might happen next year for CQG to be even better,” Kenny said.
In an exclusive interview with John Lothian News at the FIA’s EXPO at the Sheraton Grand Riverwalk hotel in Chicago, Vermiculus CEO Nils-Robert Persson provided insights into the company’s current state and direction.
Persson discussed Vermiculus’ ongoing projects and completed deals, highlighting the company’s ability to serve clients with microservices and customized solutions.
The conversation also touched upon Vermiculus’ pre-pandemic origins, underscoring its advantageous position during the pandemic, as remote technology discussions by video conference became the norm, saving time and travel costs.
Walt Lukken, President & CEO of FIA (Futures Industry Association), revealed that artificial intelligence (AI) will take center stage at this year’s EXPO 2023 in an exclusive interview with John Lothian News. The Innovator’s Pavilion will showcase companies offering AI solutions aimed at enhancing market efficiency and functionality. Additionally, AI will be a prominent theme in panel discussions during the event.
Lukken highlighted the overwhelming interest in AI, stating that it was the most sought-after topic among queries sent to the EXPO steering committee before the event.
This year’s EXPO will commence on a Monday, a departure from previous years, with keynote speaker Jon Meacham addressing the audience. Meacham’s speech will delve into how history may assess the leadership qualities of today’s U.S. leaders, as Lukken explained.
JLN talked to Allen Greenberg, the COO of Matrix Executions, at the OIC Conference in Nashville in April.
Matrix Executions, an agency broker-dealer, started in February of 2018, so it just turned 5. It was formed by the old management team that ran Liquidpoint and then converted the options to Convergex after Dash took over Convergex, Greenberg said. Tony Saliba, the company’s co-founder, “started making calls, saying, ‘Hey, we want this band back together if you’re interested,'” Greenberg added. So they put together a matrix and took the old ITG derivatives broker-dealer and combined the two.
JLN spoke with Steve Probst, GlobalRisk founder and inventor of the GlobalRisk Platform, at the OIC Conference in Nashville in April. He discussed the risks his customers need to manage, and how GlobalRisk is evolving to meet their needs.
Lule Demmissie is the U.S. CEO of eToro, a global social trading platform with 32 million users in 100 countries. Demmissie says: “Think of it as Twitter and then on top of it a trading system and then on top of that a place for people to practice.” Social engagement drives the platform. When users log in, they see a broad feed of user thoughts on the assets, markets and investing. As users navigate to each asset, they gain access to a unique feed that presents user posts related to that specific offering. People can trade crypto, stocks, ETFs and options, the latter made possible by eToro’s recent acquisition of Gatsby, a commission-free options trading app. Futures could be a possibility someday.
JLN spoke with Annabelle Baldwin, the chief revenue officer of Spider Rock, a Chicago-based proprietary trading firm, at the OIC Conference in Nashville. She spoke about how the company is building the next generation of trading tools as well as a new options platform to serve a broader set of institutional clients.
JLN spoke with Jill Sommers, chair of the Derivatives Practice Group at Patomak Global Partners, at the OIC Conference in Nashville in April. Sommers, who served two consecutive terms as a CFTC commissioner from 2007 to 2013, discussed her work with Patomak and the evolution and sticking points for regulation in the crypto and rapidly evolving derivative markets.
JLN spoke with Patrick Zielinski, CEO at BOX Options Market, at the OIC Conference in Nashville in April. In a wide-ranging conversation, he discussed how he got his start in the markets, the interplay of floor trading with electronic trading, and the potential impact of an electronic trading tax in Chicago.
John Lothian News interviewed Henry Schwartz, senior director and head of product intelligence at Cboe Global Markets, at the 2023 Options Industry Conference in Nashville, TN, about the popularity of ODTE, Cboe’s 50th anniversary, the new trading floor, and the possible impact of AI on the options market.
John Lothian News caught up to former ISDA CEO Bob Pickel at ISDA’s recent 37th Annual General Meeting in Chicago. Pickel is now consulting and sitting on boards during his post ISDA career, something that the Dodd-Frank Act was seemingly made for him for. JLN spoke to him about his career before ISDA and how he found his way to the organization and what he had done since he retired.
John Lothian News interviewed NYSE Head of Options Meaghan Dugan at the 2023 Options Industry Conference in Nashville, TN about how the company is using data and technology to handle the growth in the options market, improvements to its Pillar platform, the future of the trading floor, and T+1.
JLN spoke at FIA Boca 2023 with Lee Beng Hong, head of FICC at SGX Group in Singapore, about its initiatives over the past couple of years, which include the launch of an FX ECN in 2022, the acquisition of MaxxTrader, and other partnerships.
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