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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
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.
Some of DeFi’s Leading Investors Are Backing a New Options Protocol
Observations & Insight 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 summary of the opinion: "ABN AMRO Clearing Chicago LLC petitions...
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, 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.
VIX Plaintiffs Lose Bid to Unmask Traders Tied to 2018 Spike
Observations & Insight Larry Abrams - Open Outcry Traders History Project - Part 1 JohnLothianNews.com 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...
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
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.
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. ...
How Options Trading Is Driving Up Stocks—and Driving Them Down
Lead Stories How Options Trading Is Driving Up Stocks—and Driving Them Down Andrew Bary - Barron's Options trading by retail investors may account for the strength in the S&P 500 during the morning this year and weakness in the afternoon. The S&P 500 is up 9%...
‘Weed Out the Dreamers’ to Make Hemp Sustainable
In a midyear update with JLN, PanXchange CEO Julie Lerner says the hemp industry needs to turn its focus to farm economics; sees continued promise in carbon credits.
FIA Tech Extends Platform To US Listed Options
Observations & Insight Ed Tilly: Opportunities at Cboe Global Markets - MWE World of Opportunity JohnLothianNews.com Cboe Global Markets Executive Chairman & CEO Ed Tilly sat down with John Lothian News over Zoom for the MarketsWiki Education World of...
Rohit Verma
Rohit Verma was appointed head of Asia Pacific at LCH, the global clearing house, effective 26 July 2021. Based in Singapore, he will report to Isabelle Girolami, CEO, LCH Ltd.
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 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 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
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.
GameStop and AMC Stocks Bounce Back. Short Sellers Got Burned Again.
Observations & Insight Lead Stories GameStop and AMC Stocks Bounce Back. Short Sellers Got Burned Again. Connor Smith - Barron's After a lackluster month for shares of AMC Entertainment Holdings and GameStop, both roared higher on Tuesday, burning short sellers...
Nasdaq Private Market
Nasdaq Private Market will be spun off from Nasdaq into an independent company in a joint venture among Nasdaq, SVB Financial Group, Citi, Goldman Sachs, and Morgan Stanley, Nasdaq announced Tuesday.
SEC hits UBS with $8 million fine after a complex VIX-linked product burned investors
Observations & Insight Lead Stories SEC hits UBS with $8 million fine after a complex VIX-linked product burned investors Markets Insider Switzerland's UBS has reached an $8 million settlement with the SEC after it failed to protect investors from a complex...
John Lothian Newsletter
Today's Newsletter
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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JLN Options Newsletter
Today’s Newsletter
Some of DeFi’s Leading Investors Are Backing a New Options Protocol
Observations & Insight 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 summary of the opinion: "ABN AMRO Clearing Chicago LLC petitions...
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