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Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

In a recent interview at London’s Park Plaza Westminster Hotel during the FIA’s International Derivatives Week, Nils-Robert Persson, Chairman of the Swedish technology firm Vermiculus, shared insights into the company’s innovative approach to financial technology and its vision for the future of exchange systems.

Persson highlighted the evolving landscape of exchange functionality, predicting a significant expansion in offerings to members and customers over the next five years. He emphasized the growing importance of real-time risk calculation, made possible by new technology that doesn’t compromise on latency – a crucial factor for market participants.

Celebrating Independence and Competition: A Fourth of July Reflection

Celebrating Independence and Competition: A Fourth of July Reflection

We just celebrated the Fourth of July holiday and JLN continued its annual tradition of publishing the Declaration of Independence. I have always loved the beginning of the second paragraph:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. 

As a writer who advocates for market-based solutions, I believe certain market principles to be self-evident. I hold that markets should be open, transparent, and fair. These were the values that the open outcry futures markets I grew up with strived for every day, in every session and trade. These values produced the critical concept of price, which was the most powerful news imaginable. They gave the markets and their prices integrity, instilling in traders a way of life that transcended the action of the trading pit. From this openness, transparency, fairness, and integrity came a greatness that spread throughout the world as different financial communities embraced derivatives trading.

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

The New York-based firm has set out to tackle a problem that has long plagued Wall Street and its LaSalle Street sibling: outdated clearing systems. “We started with the belief that the infrastructure operating most brokerages across the street was running on old, archaic infrastructure,” Pento said. 

John Lothian: Week in Review (July 1-5, 2024)

John Lothian: Week in Review (July 1-5, 2024)

JLN PRESS ROOM PICK OF THE WEEK

John Lothian Reflects on Physical Challenges and Biden’s Debate Performance

Williams Bay, WI (JLN) – Describing Joe Biden’s debate performance last week, New Yorker Editor David Remnick quoted Mark Twain, writing, “It is sad to go to pieces like this, but we all have to do it.”

I can identify with that quote. Some of my physical health issues are like those of President Biden, and last week the degradation of my physical abilities caused me to miss my connection between London and Chicago.

The health issues I share with President Biden include obstructive sleep apnea, gastroesophageal reflux, seasonal allergies, spinal arthritis and peripheral neuropathy in the feet.

Futures Discovery

Options Discovery

The JLN Daily Update

The JLN Newsletter turned into a daily podcast.

MW Page of the day

ION Group

ION Group

ION announced that Abaxx Exchange has chosen ION's XTP technology to support its building of new markets for the ongoing energy transition.

The World’s Power Grids Are Failing as the Planet Warms

First Read Hits & Takes John Lothian & JLN Staff The weekend was full of the deaths of famous people: Dr. Ruth Westheimer, Richard Simmons, James Sikking, star of the TV show 'Hill Street Blues', and Beverly Hills 90120 TV star Shannon Doherty, as well as the...

ICE Says Europe Diesel Contract Thrives After Russian Exclusion

Observations & Insight Volatility Insight of the Week: The G5 CVOL Skew Ratio (FXSK) has elevated to a 3-month high as options positioning for relative lower USD increases. Learn more about CVOL here. ++++ NYSE Executive Hyde Sees Retail Surge and Regulatory...

NYSE Options Executive Discusses Industry Growth, Technology Advancements, and Global Expansion

NYSE Options Executive Discusses Industry Growth, Technology Advancements, and Global Expansion

In a recent interview at the Options Industry Conference in Asheville, NC, Meaghan Dugan, head of NYSE Options, shared insights on the evolving landscape of the options industry and the exchange’s technological advancements.

Dugan highlighted the significant growth in the options market, particularly in short-dated instruments. The options industry has seen a surge in new listings, especially in the short-dated space, she said, pointing to the introduction of Wednesday options as a tradable instrument in the US options market.

Algorithmic Adventures: Futures Discovery EP 11

Algorithmic Adventures: Futures Discovery EP 11

In episode 11 of Futures Discovery, we’re immersing ourselves in a pivotal episode focused on Algorithmic Adventures: Navigating the World of Order Book Strategies in Futures Trading. It’s not merely about numbers and charts; it’s about deciphering the dynamic landscape of financial trading. Join us as we delve into the intricacies of reading your statement as a professional in the futures market and unravel the secrets behind successful algorithmic strategies.

Acuiti CEO Will Mitting Reveals Innovative Peer-to-Peer Model Reshaping Derivatives Market Intelligence

Acuiti CEO Will Mitting Reveals Innovative Peer-to-Peer Model Reshaping Derivatives Market Intelligence

In a bustling conference center foyer at the Boca Resort at the International Futures Industry Conference in Boca Raton, Florida, Will Mitting, the CEO of Acuiti, sat down with John Lothian News to discuss the growth and evolution of his market intelligence firm. The interview, part of the JLN Industry Leaders video series sponsored by Wedbush, offered insights into Acuiti’s unique approach to information sharing in the derivatives industry.

John Lothian: Week in Review (June 24-28, 2024)

John Lothian: Week in Review (June 24-28, 2024)

JLN PRESS ROOM PICK OF THE WEEK

The CFTC is probing Jump Crypto, previously one of the sector’s biggest players

The Commodity Futures Trading Commission is investigating Chicago-based trading firm Jump’s involvement in crypto, including inquiries into its trading and investment activity, according to a person familiar with the matter.

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

Ellen Greene, managing director of equity and options market structure at the Securities Industry and Financial Markets Association (SIFMA), shared insights on key industry concerns at the Options Industry Conference in Asheville, North Carolina, in an interview with John Lothian News sponsored by the OCC.

Greene expressed cautious optimism about the overall health of the options market, noting that volumes continue to grow, averaging over 47 million contracts traded daily in 2024. She emphasized the importance of investor access and the tools provided by retail firms for making informed trading decisions.

John Lothian: Week in Review (June 17-21, 2024)

John Lothian: Week in Review (June 17-21, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership

A long-standing certified class-action lawsuit against CME Group, filed by members of the Chicago Board of Trade and Chicago Mercantile Exchange, poses a potential threat to the exchange group’s membership market. A mediated settlement, encouraged by the judge, could reshape how trading rights are offered at the exchange and potentially benefit a class of shareholders, whose B-shares have declined while A-share values rose.

John Lothian News Sponsors

Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Algorithmic Adventures: Futures Discovery EP 11

Algorithmic Adventures: Futures Discovery EP 11

In episode 11 of Futures Discovery, we’re immersing ourselves in a pivotal episode focused on Algorithmic Adventures: Navigating the World of Order Book Strategies in Futures Trading. It’s not merely about numbers and charts; it’s about deciphering the dynamic landscape of financial trading. Join us as we delve into the intricacies of reading your statement as a professional in the futures market and unravel the secrets behind successful algorithmic strategies.

Acuiti CEO Will Mitting Reveals Innovative Peer-to-Peer Model Reshaping Derivatives Market Intelligence

Acuiti CEO Will Mitting Reveals Innovative Peer-to-Peer Model Reshaping Derivatives Market Intelligence

In a bustling conference center foyer at the Boca Resort at the International Futures Industry Conference in Boca Raton, Florida, Will Mitting, the CEO of Acuiti, sat down with John Lothian News to discuss the growth and evolution of his market intelligence firm. The interview, part of the JLN Industry Leaders video series sponsored by Wedbush, offered insights into Acuiti’s unique approach to information sharing in the derivatives industry.

John Lothian: Week in Review (June 24-28, 2024)

John Lothian: Week in Review (June 24-28, 2024)

JLN PRESS ROOM PICK OF THE WEEK

The CFTC is probing Jump Crypto, previously one of the sector’s biggest players

The Commodity Futures Trading Commission is investigating Chicago-based trading firm Jump’s involvement in crypto, including inquiries into its trading and investment activity, according to a person familiar with the matter.

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

Ellen Greene, managing director of equity and options market structure at the Securities Industry and Financial Markets Association (SIFMA), shared insights on key industry concerns at the Options Industry Conference in Asheville, North Carolina, in an interview with John Lothian News sponsored by the OCC.

Greene expressed cautious optimism about the overall health of the options market, noting that volumes continue to grow, averaging over 47 million contracts traded daily in 2024. She emphasized the importance of investor access and the tools provided by retail firms for making informed trading decisions.

John Lothian: Week in Review (June 17-21, 2024)

John Lothian: Week in Review (June 17-21, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership

A long-standing certified class-action lawsuit against CME Group, filed by members of the Chicago Board of Trade and Chicago Mercantile Exchange, poses a potential threat to the exchange group’s membership market. A mediated settlement, encouraged by the judge, could reshape how trading rights are offered at the exchange and potentially benefit a class of shareholders, whose B-shares have declined while A-share values rose.

ASEAN exchange leaders discuss transition finance and the economic shift to net zero

ASEAN exchange leaders discuss transition finance and the economic shift to net zero

In a recent roundtable on transition finance with the World Federation of Exchanges (WFE), JLN spoke with three dynamic leaders representing exchanges from the Association of Southeast Asian Nations (ASEAN), all members of the World Federation of Exchanges. Speaking with us were Dr. Soraphol Tulayasathien, senior executive vice president, Stock Exchange of Thailand (SET); Dr Hezri Adnan, current director, group sustainability of Bursa Malaysia; and Laurent Poirot, head of product strategy and development at SGX. Contributing to the conversation were Nandini Sukumar, CEO of the WFE and Victoria Powell, senior manager – ESG, regulatory affairs for the WFE.

Regulatory Uncertainty Clouds Options Market Innovation

Regulatory Uncertainty Clouds Options Market Innovation

David Dooman, head of options at Dash Financial, a subsidiary of ION Group, expressed concerns about the impact of regulatory uncertainty on the options markets during an interview at the Options Conference in Asheville, NC.  Dooman highlighted several key issues stifling innovation and offered recommendations to address the industry’s challenges.

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