Observations & Insight The Spread - Week of 6/25 to 6/29 JohnLothianNews.com Looking for something to take your mind off of the summer heat? Well, we have a GEM of a "Spread" for you. (Yes, we talk about Geneva Energy Markets...
Basel III
Basel III sparks trader retreat from listed derivatives
First Read AI is changing this industry. Now what? Jim Kharouf - JLN I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world. What is patently clear...
Volatility – An intellectual virus, a bubble, or both?; Huge Brazilian FX trade
Observations & Insight Lessons From the "Not Guilty" Verdict in This Week's Criminal Spoofing Trial Renato Mariotti, former federal prosecutor - JLN Wednesday's stunning "not guilty" verdict in United States v. Andre Flotron,...
The Pound’s Brexit Test; FX Flash Crashes; Basel Rules
Observations & Insight Sunday, Sunday, Sunday Spencer Doar - JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers - not sure of the specifics, but he used...
Cold as ICE: Sprecher asks UK, How much do you love me?
In the battle for financial markets in Europe, exchanges would like some more communication about why they should stay in the UK. To hear one exchange leader tell it, UK markets could use a little more love. At the 10th annual FIA IDX conference on Tuesday, ICE...
The New Bond: KCG’s Dan Coleman Looks To Plug Exchange Model Into US Treasury Market, and How It Might Just Succeed
There are few markets, if any, that garner attention like the US Treasury market. And there are few markets as ripe for disruption as the US Treasury market. Earlier this month, at the WFE Annual Meeting in Cartagena, Colombia, KCG's CEO Daniel Coleman outlined his...
Steve Woodyatt, Object Trading – Blurring the buy and sell sides
Over the last 10 years the buy and sell sides have undergone drastic shifts due to two main factors: unbundling and fragmentation. In this talk from MarketsWiki Education’s London event, Steve Woodyatt, CEO of Object Trading, discusses those two phenomena. Woodyatt...
IOMA Notes – Clearing Things Up
While readers in the EMEA and Americas regions slept, the World Federation of Exchanges kicked off its annual IOMA conference in Kuala Lumpur, Malaysia. For those unfamiliar with IOMA, it began in 1983 as the International Options Market Association, and in 2002...
Squeezing Pennies: Clearing Houses Reach For Compression, Margin Relief and Netting
When it comes to clearing and settlement today, the name of the game is capital efficiency.With a host of regulations hitting the market, particularly with bank capital requirements under Basel III, exchanges and clearing houses are moving quickly to find ways for...
John Lothian Newsletter: U.S. Probes Treasuries Niche That Some Investors Claim Is Rigged; Banking Giants Learn Cost of Preventing Another Lehman Moment; Bonus Pay on Wall Street Is Likely to Fall
First Read FIA Expo: Acid washed options Spencer Doar - JLN The clear message from FIA Expo was that the options industry needs market makers and regulators are making it hard on market makers. At the risk of sounding like "South Park's" Mr. Mackey, that's bad, m'kay?...
Reg Roadmap: European Regulation Winding Its Way Forward
The European regulatory overhaul has been long and winding as industry participants grapple with three major initiatives simultaneously: EMIR, MIFID II and Basel 3, just to name a few.Even with the recent delay of MIFID II standards to September, regulatory experts...
Swap Meet: Eris Exchange’s Neal Brady Sees Capital Efficiency Driving Growth of Standardized Swap Contracts
In September 2009 the leaders of the G-20 met in Pittsburgh to hammer out a coordinated approach to regulatory reform. Chief among their concerns in the wake of the financial crisis was a lack of adequate capital backstopping the system. Now, several years later,...
Thinking Global: Colombia’s Juan Pablo Cordoba Says Global Regulation Hurts Emerging Markets
If you don't know Juan Pablo Cordoba you probably should. As the CEO of the Bolsa de Valores de Colombia (Colombia Securities Exchange) and chairman of the World Federation of Exchanges, he is one of the exchange executives who has a unique perspective on emerging...
OCC Lingo: SIFMU Stands For Clearinghouse Changes
The OCC was designated a systemically important financial market utility (SIFMU) in 2012. That has meant some big changes at the organization, along with challenges in risk management and credit and liquidity resources.John Lothian News spoke with John Fennell,...
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Today’s Newsletter
How Many Americans Will Ayn Rand Kill? Liberty doesn’t mean freedom to infect other people; EU explores tougher curbs on City hedge fund managers
First Read $9,041/$300,000 (3%) How we think and what we think about Peak6 is about to change By John J. Lothian Peak6 was founded as a proprietary trading firm in Chicago by Matthew N. Hulsizer and Jennifer Just. We might think of Peak6 as the firm with the...
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JLN Options Newsletter
Today’s Newsletter
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
Everything you need to know about Options Today