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Yra Harris – Open Outcry Traders History Project – Part 2

Yra Harris – Open Outcry Traders History Project – Part 2

In the early days of the Chicago Mercantile Exchange, economic opportunity was phenomenal, said CME currency trader Yra Harris. ”I used to say it was like Jed Clampett [the character in old TV series “The Beverly Hillbillies” who struck it rich] shooting at the ground and hitting oil.” It was a booming business.

Tether

Tether

A U.S. Justice Dept. investigation into Tether is examining whether executives behind the digital token committed bank fraud, a potential criminal case that could have broad implications for the cryptocurrency market.

Yra Harris – Open Outcry Traders History Project – Part 1

Yra Harris – Open Outcry Traders History Project – Part 1

Yra Harris was on a career track to become a college professor in the 1970s, earning a master’s degree in economics. But when he came home from school his parents gave him $250 for a suit and told him to go look for a job. He did, interviewing at Continental Bank, First Chicago and other banks, but he said he had “broader expectations,” as well as aspirations to go to Washington to work for a congressional committee. A family friend suggested he get an IMM (International Monetary Market) seat at the CME for $10,000, but it wasn’t until May 1977 that he got a membership.

Cboe Europe

Cboe Europe

Cboe Europe, a subsidiary of Cboe Global Markets, announced it has received regulatory approval to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, on September 6, 2021.

Larry Abrams – Open Outcry Traders History Project – Part 1

Larry Abrams – Open Outcry Traders History Project – Part 1

Larry Abrams’ career started with a chance encounter on a ski lift which was prompted by a good deed. He and some friends helped to push a stranded car that was stuck during a blizzard in Park City, Utah. The next day on the lift line he was paired with the man whose car he had helped push out the night before, who happened to be an options market maker at the Cboe. By the time he got off the lift line, he knew that was what he wanted to do.

The Spread – July 23, 2021

The Spread – July 23, 2021

Volatility makes a return appearance as the Delta variant jangles nerves; Treasury bond yields perk up; July options expire; John Lothian chats with Cboe’s Ed Tilly about a World of Opportunity; UBS and SEC reach a settlement; FIA Tech expands; and the Options Institute’s Kevin Davitt explains why contract size matters in the “Term of the Week.”

FlexTrade Systems, Inc.

FlexTrade Systems, Inc.

SGX has agreed to acquire MaxxTrader, the FX order management system from FlexTrade Systems, for $125 million. MaxxTrader is an FX platform designed to allow sell-side institutions to privately manage and issue price information to clients and the market.  ...

Ed Tilly: Opportunities at Cboe Global Markets – MWE World of Opportunity

Ed Tilly: Opportunities at Cboe Global Markets – MWE World of Opportunity

Cboe Global Markets Chairman, President and Chief Executive Officer Ed Tilly sat down with John Lothian News over Zoom for the MarketsWiki Education World of Opportunity series to discuss current opportunities at the Cboe as the exchange operator continues to expand globally. He also talked about how Cboe is responding to increased retail investor demand. He noted opportunities are still available on the trading floor and mused about what he would do if he were starting his career today.

Robin Wood – From Greenwood Project and University of Illinois to the NFA – World of Opportunity

Robin Wood – From Greenwood Project and University of Illinois to the NFA – World of Opportunity

Robin Wood found the Greenwood Project via a group chat while a student at the University of Illinois and that connection led to an internship and full-time position with the National Futures Association. Wood was interviewed by NFA communications specialist Joseph McCarthy in the offices of John Lothian News for the MarketsWiki Education World of Opportunity video series. She talks about the Greenwood Project and her experiences at NFA, including joining the futures regulator during a pandemic.

Andre Buckles: Working From Home – MWE World of Opportunity

Andre Buckles: Working From Home – MWE World of Opportunity

Andre Buckles is the executive director of talent recruitment at the OCC. He spoke to John Lothian News for the MarketsWiki Education World of Opportunity video series about the work from home environment and how to make it work. He offered insights as an engaged worker in a remote working world. He spoke about six different ways to be engaged in a virtual environment.

FTX

FTX

The cryptocurrency derivatives platform FTX raised $900 million, one of the largest rounds of financing for a digital assets start-up, from more than 60 investors, valuing the business at $18bn.    

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Libor’s Final Days Begin With Push to Shake Up Swaps Market

Libor’s Final Days Begin With Push to Shake Up Swaps Market

First Read $51,906/$300,000 (17.3%) ++++ Hits & Takes John Lothian & JLN Staff The SEC issued an "Opinion of the Commission" on Monday in a case between ABN AMRO Chicago LLC and Chicago Board Options Exchange, Inc. and C2 Options Exchange, Inc. Here is a...

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