In an abbreviated third trial day, the U.S. Department of Justice rested its case against Jitesh Thakkar and Edge Financial Technologies. Thakkar is on trial for allegedly facilitating the criminally fraudulent spoofing trading of Navinder Sarao, who pleaded guilty to two criminal counts related to his spoofing of E-mini S&P futures in the first half of this decade.
Who will be the next big thing in our industry? A new London-based firm is aiming to find it. Seismic Foundry, co-founded by Bill Templer, Brendan Bradley, Cathryn Lyall, Dave Feltes and Jeff Gale, is looking for the next fintech start-up that could become the next...
Fintech, in all its varying forms, is hot. Whether in pre-trade risk assessment, collateral management, best execution or clearing, companies are stepping in to solve problems created by the evolution of markets as spurred by regulation. But this creates an issue —...
Yesterday’s lead story mentioned Cameron Smith, Dan Coleman and Eric Noll all moving on to new ventures, some in the markets and some not. There have been some other moves recently too, all courtesy of people updating their LinkedIn...
First ReadThe Economy Is Rigged, and Other Presidential Campaign MythsBy N. GREGORY MANKIW - NY TimesIf you want to learn about the economy, there are good and bad places to go. Probably the worst source of reliable information is the current crop of presidential...
Exchange leaders will be dealing with big changes at their respective companies in 2016, from launching new competing markets and dealing with new regulation to integrating new data acquisitions to expanding across different time zones.The John Lothian News Sweet 16...
"We are the wheels of industry. You wouldn't actually have the rest of these businesses operating if it wasn't for the fact that the finance world still greases all of the wheels making all these businesses come around." Brendan Bradley, chief innovation officer of...
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...
We visit more than 100 websites daily for financial news (Would YOU do that?)
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