Flash Boys

Will quadruple witching mark the start of a rocky stretch for U.S. stocks? Wall Street Rewrites Market Playbooks for Pandemic’s Second Wave

by Matt Raebel | Jun 18, 2020

Will quadruple witching mark the start of a rocky stretch for U.S. stocks? Wall Street Rewrites Market Playbooks for Pandemic’s Second Wave

Futures exchanges eye shift to ‘Flash Boys’ speed bumps

by Jeff Bergstrom | May 30, 2019

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

by Jeff Bergstrom | Feb 21, 2019

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

by Spencer Doar | Jan 12, 2019

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

by Jeff Bergstrom | Jul 12, 2018

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

by Jeff Bergstrom | Jan 31, 2017

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

by JLN Staff | Sep 22, 2016

"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

by JLN Staff | Mar 10, 2016

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

by JLN Staff | Dec 30, 2015

"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

by JLN Staff | Dec 23, 2015

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

by JLN Staff | Nov 13, 2015

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

by JLN Staff | Aug 27, 2015

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

by JLN Staff | Apr 14, 2015

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

by JLN Staff | Mar 24, 2015

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...