This week on The Spread – Ed Tilly gives a take on the state of the markets, an industry veteran joins the MIAX Exchange Group, open interest grows for bitcoin options at the CME, and more.
dark pool
Cboe to buy Virtu’s MATCHNow dark pool to expand into Canada; Sundial Says Extreme Options Sentiment Is Awful Omen for Stocks
Observations & Insight Chess Obermeier - MarketsWiki Education Open Outcry Traders History Project JohnLothianNews.com Chess Obermeier started working for his cousin, Charles Obermeier, at the Cboe, and was able to purchase his first...
Citadel Looms as a Future Fed Primary Dealer; World’s Rich Run to Cash as Trade War Simmers
A daily aggregation of financial news regarding regulation, market participants, market structure, and trends in the derivatives industry.
SEC votes to improve oversight of dark pools; Powell’s Crypto Comments
First Read Hits & Takes JLN Staff ICE's Data and Listings segment generated revenues of $2.5 billion in 2017 and accounted for 54 percent of its consolidated revenue of $4.6 billion in 2017, according to its annual 10-K...
HKEx May Have Reached Its Peak; Crypto Could Be Lifeline for CHX; Hundreds of European stocks barred from dark pools
First Read Statement on Potentially Unlawful Online Platforms for Trading Digital Assets Divisions of Enforcement and Trading and Markets SEC Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens...
John Lothian Newsletter: Prosecutors Are Not Amused by Hidden Trading Markups; The Coming Default Wave Is Shaping Up to Be Among Most Painful; Wall Street Is Edging Toward Win on Derivatives Capital Rule
First Read Bits & Pieces By JLN Staff Elisabeth Samuels has joined GreenKey Technologies as managing director. She formerly worked for Eurex's Chicago office. The PTG has created a committee on diversity and made this a major issue for 2016. They are working with...
Let’s Pause a Moment: Keith Ross Talks Dark Pool Rules and IEX
The addition of high speeds and multiple execution venues has altered the equity market structure in recent years. Now the SEC is weighing in with newly proposed rules on dark pools. Meanwhile, IEX, which rose to fame with Michael Lewis' Flash Boys, is trying to move...
John Lothian Newsletter: Deutsche Bank to Face British Lawsuit Over High-Speed Trading; Welcome to the Crisis Economy, Where Tumult Reigns; Big Ideas 2016 Chicago looks to boost next-generation financial firms
First Read ++++ 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 By John J. Lothian There is a funny story about former MF...
John Lothian: Regulators Propose Rules to Shed Light on Dark Pools; ICAP’s EBS BrokerTec and SGX sign collaboration agreement; CME Group Expands Base Metals Offering
First Read Wedbush Futures Management Shake-up Doug Ashburn - JLN In a not-so-widely-distributed press release (press non-release?), Wedbush Securities announced a few changes to its Chicago-based FCM, one year after its purchase from KCG Holdings. Of note:Carl...
John Lothian Newsletter: Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes; Regulatory delays weigh on CME’s European clearing house; ICE selected to operate ISDA margin utility
First Read Fitch Learning Appoints Diane Saucier as Client Relationship Manager in Chicago Press Release Fitch Learning is pleased to announce the appointment of Diane Saucier as Client Relationship Manager, based in Chicago. jlne.ws/1Omu5ET ***** WILD president and...
The Life of SCI: John Rapa Looks at the SEC’s Reg SCI
After several high-profile market disturbances, from the 2010 "flash crash" to the Knight Capital algorithmic meltdown in 2012, the SEC considered a new set of rules to tighten up system compliance and integrity. The rules, known collectively as "Reg SCI" became...
John Lothian Newsletter: Swiss Franc Shock Spurs CME to Change Rules on Emergency Halts; New York Prosecutor Expands ‘Dark Pool’ Complaint Against Barclays; Traders Once Starved for Volatility Now See Too Much
First Read The World Is Flat: ISE's Boris Ilyevsky Talks PIM And New Flat Auction Pricing Sarah Rudolph - John Lothian News In October, seven options market making firms sent a letter to the SEC outlining their concerns about "the growing trend of exchanges imposing...
John Lothian Newsletter: SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types; Transaction-tax plan brings fresh Wall Street battle to Capitol Hill; Turkey agrees derivatives deal with London Stock Exchange
First Read Bats Pays $14 Million Settling Claims Markets Obscured Rules By Sam Mamudi and Annabelle Ju, Bloomberg Bats Global Markets Inc. is paying a record fine to settle allegations that two stock exchanges it bought last year obfuscated a central part of how their...
Speedy Delivery: Keith Ross on HFT, Reg NMS and Dark Pools
Today’s financial markets can be summed up in three words - global, fast, and complex. But as the market structure evolves, so must the regulatory structure that oversees it. John Lothian News has spoken with several industry experts to create this series on the...
John Lothian Newsletter
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