The first video we are releasing from the Open Outcry Traders History Project is of Leo Melamed. In this video, Leo tells of his start as a law student and runner, how he financed his first membership with help from his father and how many times he went broke. Three. There are lots of great stories from Leo – from how he makes his trading decisions to the impact of his career on his family and what kind of father he was. The Chairman Emeritus of the CME has had a long, history-making career.
Here is his story.
Interview by John Lothian
Filmed by Mike Forrester Edited by Patrick Lothian
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.
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.
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.
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.