US derivatives regulator pares back international oversight; Risks of failure in $6.6tn forex market at record high, study shows
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So Far, So Good – Updates from Cboe’s Options Trading Floor
Cboe Global Markets has been reopened for more than two weeks now. How have things been going? According to Cboe, it’s been a smooth ride.
Cboe to Reopen Trading Floor June 8 and NYSE Brokers Return; Rowdy Chicago Trading Pits Face Risky Reopen
Observations & Insight Thom Thompson: Later today, CME will transfer open interest in natural gas and crude oil futures and futures options from NFX to CME Clearing using the block trade functions at CME. The CME's May 26 Special Executive...
North Korea hacking threatens U.S. and global financial system: U.S. officials; U.S. coronavirus deaths increase by record amount for second straight day: Reuters tally
First Read Hits & Takes By John Lothian & JLN Staff Face masks may be the new normal going forward, Reuters reported. We need see-through masks so we can see each other's smiles. Smiles beget smiles and release important endorphins for...
Johnson Wins Crushing Majority in Election That Upends Britain; EU confirms one-year Brexit reprieve for derivatives industry
See also: EU Pledges to Cut Greenhouse-Gas Emissions to Net-Zero by 2050, U.S. regulator homes in on climate risks to U.S. markets, and more.
EU to extend temporary access to UK clearing houses; City fund managers call for rethink of capitalism
See also: EU’s Banks Take ‘Quantum Leap’ to Save the Planet: Brussels Edition;
Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year’s End
First Read Hits & Takes JLN Staff Last week the European Commission announced a "Fintech Action Plan" aimed at helping crowdfunding platforms, like initial coin offerings, in the EU.~JK On Friday, the CME officially got out of the credit defaults swaps business,...
Putting on My Broker Hat About Bitcoin
Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks...
Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb; Prosecutor offers to drop Deutsche Börse CEO insider trading probe; Singapore traders regain appetite for lunch
First Read Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3...
Hungry for more: Dash Financial Sees Opportunity In A New Broker Landscape
For some firms today, being young has its advantages. Dash Financial might just be one of those young and agile companies that can take advantage of the currents that are pushing and pulling the industry. Later this quarter Dash is expected to complete its acquisition...
Getting Squeezed: Introducing Brokers Numbers Waning, Growth Wanting, Future Questioned
New Introducing Broker numbers hit historical low; IB Numbers Shrink 17 percent Since Financial Crisis There is a funny story about former MF Global CEO Jon Corzine, when he held his first all company conference call with employees. He said he was impressed with how...
Dear CFTC: Give Us 90 Days
Some representatives from the CME Group trading floor at the Chicago Board of Trade don’t believe they are being heard by exchange leaders or regulators. More importantly, they don’t believe the interests of their customers are being heard. To rectify that, they are...
Pipelines: Nick Solinger Talks Market Infrastructure for SEFs
It's been a historic year for swap execution facilities as more were launched in the wake of Dodd-Frank rulemaking by the Commodity Futures Trading Commission. Nick Solinger, head of product strategy and chief marketing officer of Traiana, said that its been a good...
John Lothian Newsletter
Today’s Newsletter
GameStop and Bitcoin Renewed a Push to Digitize the Stock Market
First Read $34,126/$300,000 (11.4%) ++++ Hits & Takes John Lothian & JLN Staff There is a new Van Gogh exhibit in New York billed as Van Gogh - The Immersive Experience. The site of this exhibit is the former trading floor of the NYMEX. The NYMEX trading floor...
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JLN Options Newsletter
Today’s Newsletter
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Everything you need to know about Options Today