Will quadruple witching mark the start of a rocky stretch for U.S. stocks? Wall Street Rewrites Market Playbooks for Pandemic’s Second Wave
Flash Boys
Futures exchanges eye shift to ‘Flash Boys’ speed bumps
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesBy JLN StaffJohn McPartland resigned from his position as senior policy advisor in the Financial Markets Group at the Federal Reserve Bank of Chicago. He has accepted...
Finance v physics: even ‘flash boys’ can’t go faster than light
Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff CTAs started 2019 on a sour note — with 86 percent of funds reporting, BarclayHedge's CTA Index was down .39 percent for January. Only three of BarclayHedge's...
The Spread – Transitions – 1/11
In this episode of "The Spread" we deal with a number of transitions. Below are stories referenced this week: -Bloomberg -> MarketAxess Hires Cboe's Chris Concannon as President, COO -Financial Times -> Wall Street battles for...
Nasdaq to Provide Clearing Technology to SIX for Clearing Overhaul
First Read Hits & Takes JLN Staff The JLN team is home after a successful day two of MarketsWiki Education World of Opportunity in New York at Nasdaq yesterday. We had 12 speakers who knocked it out of the park. Thank you to...
Republicans’ Paths to Unraveling the Dodd-Frank Act; Are tougher times for Wall Street’s ‘Flash Boys’ here to stay?; Forged Warehouse Receipts Renew Concerns Over Commodities Fraud
First Read Contango Whitepaper: The Changing Face of Client Derivatives Clearing Contango has just released a special report looking at the changing face of client derivatives clearing as regulation, higher capital requirements and constraints on revenue models are...
Bill Harts, Modern Markets Initiative – How a Small Group of Traders Improved Markets for All
"The most liquid stocks in the world used to trade at a minimum spread of one-eighth, but was quite often trading at a quarter spread. If you were an average retail investor buying 100 shares, you would have been paying an extra $25...
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...
Haim Bodek, Decimus Capital Markets – A Flash Course on Market Structure
"In the market there are edges that are permissible, and edges that are impermissible. It is the impermissible ones that you should care about. If it doesn't smell right, leave."The 2014 publication of Michael Lewis' Flash Boys ignited a firestorm of accusations and...
John Lothian Newsletter: National Stock Exchange relaunches, aims to shake up U.S. industry; ASX eyes ‘blockchain’ for risk management of market trades; OPEC Sees Demand for Its Crude Oil Falling for Rest of Decade
First Read MF Global Advocate Koutoulas At Center Of Controversy Again By Mark Melin - Value Walk Until recently, the derivatives industry was most often ignored, overlooked and dismissed as too complex or arcane to warrant attention in the mainstream. For many who...
John Lothian Newsletter: No Exchange for You! NYSE Channels Seinfeld in IEX Critique; CME boosts top executives’ pay; From Pits to Algos, an Old-School Trader Makes Leap to Spoofing
First Read Goldman Sachs Names 425 New Managing Directors By LIZ MOYER - NY Times Nearly a third of the Goldman Sachs Group's 425 newly minted managing directors are millennials, or people born after 1980. Forty percent were hired as analysts. Roughly 21 percent are...
John Lothian Newsletter: Judge Dismisses Lawsuit Inspired by ‘Flash Boys’; Funds scramble to assess computer glitch; Margin Calls Bite Investors, Banks
First Read FIA, FIA Europe and FIA Asia Announce Merger Plans FIA The respective boards of FIA, FIA Europe and FIA Asia today announced that they have reached an agreement to formally merge the three associations in the first quarter of 2016. www.fia.org ***** And...
John Lothian Newsletter: Cyber criminals lead race to innovate; Block-Hunting Algorithm May Portend European Dark Pools’ Future; Fed official warns ‘flash crash’ could be repeated
First Read Bits & Pieces by John J. Lothian The Most Interesting Man in the World is now the Mayor elect of the Village of Fontana, Wisconsin. Congratulations to CQG executive Pat Kenny on winning a "highly" contested election. He was the only candidate, but lots...
John Lothian Newsletter: As Silence Falls on Chicago Trading Pits, a Working-Class Portal Also Closes; Speed Traders Team Up in Microwave-Tower Superhighway Plan; China’s Mass Affluent to Have Double U.S. Counterparts’ Assets by 2020
First Read High Frequency Chatter Doug Ashburn - JLN The talking heads on TV love anniversaries. They are the easiest way to fill space in the 24-hour news cycle. In the debate over high-frequency trading, however, the network brass at CNBC and Fox Business could not...
John Lothian Newsletter
Today’s Newsletter
A Hack Like This Could Start the Next World War
First Read $31,126/$300,000 (10.4%) Ajay Jain ++++ Hits & Takes John Lothian & JLN Staff Welcome to International Women's Day 2021. The theme for this year's International Women's Day is "Choose To Challenge." The WFE says there are over 100 women today...
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JLN Options Newsletter
Today’s Newsletter
Wall Street’s ‘fear index’ surges to highest level in about 5 weeks as Treasury-yield spike sparks stock-market selloff; A new era of volatility begins, but equity inflows continue: BofA
Wall Street’s ‘fear index’ surges to highest level in about 5 weeks as Treasury-yield spike sparks stock-market selloff; A new era of volatility begins, but equity inflows continue: BofA
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