First Read Hits & Takes JLN Staff CFTC Commissioner Brian Quintenz will give an introductory keynote Address at Consensus 2018 on May 14 in New York.~JJL The uber efficient Jessica Darmoni interviewed Wedbush's Bob Fitzsimmons...
RBS
Cohn leaving White House; Dash Financial Technologies buyout; Crypto a commodity – judge
First Read Bitcoin and Blockchain: A WILD Opportunity Sarah Rudolph - JLN Bitcoin is not at the dizzying high it was back in December, but interest in cryptocurrencies and blockchain is still strong. The world of crypto and distributed ledger technology keeps...
UBS, BNP, RBS Get Subpoenas in U.S. Treasuries Probe; Brussels set for power grab on London’s euro-clearing market; Tradeweb Launches All-to-All Corporate Bond Trading
First Read You Look Mahvelous Dahling: "Mad Men" Ready to Walk the Exchange Red Carpet with Nasdaq Spencer Doar - JLN Fintech and regtech are firmly entrenched in the financial industry's lexicon — if a new exchange has its way, "adtech" will be the next addition. The...
NYSE, Former IEX Foe, Plans a Copycat Speed Bump of Its Own; MarketAxess breaks annual trading volume record; BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan
First Read NYSE Outlines 2017 Equity Market Strategy: Intercontinental Exchange NYSE Group, part of Intercontinental Exchange, today detailed its equity markets strategy, which aims to deliver greater choice for corporate and ETF issuers and to investors by offering...
Has the blockchain hype finally peaked?; Launch of Consortium and Proof of Concept Testing for Capital Market Infrastructure Utilizing Blockchain Technology; RBS Falls on BOE Stress Test Failure, Plan to Shrink Further
First Read Blockchain That Makes Sense: How Post-Trade Digital Ledger Technology Will Make Banks And Brokers Happy Jim Kharouf - JLN When you talk about the potential for digital ledger technology, words like revolutionary and transformative are often mentioned. Ray...
John Lothian Newsletter: Six Exchanges Collectively Fine Merrill Lynch; CBOE, Bats Deal Creates New Exchange Behemoth; Hedge Funds Take Another Punch to Gut
First Read Kristin Boggiano, Guggenheim Partners - It's a Jungle Out There MarketsWikiEducation.com "You're going to reinvent yourself your whole career. It's not just a one-step thing. You may start off in the Ecuadorian Amazon, and become a regulatory lawyer years...
JLN Options: ISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern
Lead StoriesISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern Nikolaj Gammeltoft, BloombergBusinessweekInternational Securities Exchange, the second-biggest U.S. options market, withdrew plans to trade larger-size options on the SPDR S&P 500 ETF...
JLN Options: Dividend Trades Cease at Three Options Exchanges
Lead StoriesDividend Trades Cease at Three Options ExchangesPeter Chapman, Traders MagazineThe controversial practice of dividend-capture options trading has ground to a halt at three of the four floor-based exchanges that have offered it. According to data published...
John Lothian Newsletter: Reform looms anew for money market funds; NYSE Amex Options to Eliminate Position Limits for Options on SPY; Japan takes its first steps
The day after the SEC declared it would abandon its effort to reform money market funds, other regulators in and out of the US say they will step up and consider new requirements. NYSE Amex Options exchange announces that they’ve received SEC approval to eliminate...
John Lothian Newsletter: ICE to Transition Cleared Energy Swaps to Futures; Singapore Exchange to set margin requirements; Fidessa expects tough trading to persist
IntercontinentalExchange says that the time has come to convert its OTC energy swaps into on-exchange futures contracts. Singapore Exchange is ready to require clearinghouse-held margin for positions to guard against oversized failure. Trading tech company Fidessa...
John Lothian Newsletter: At Least Three Banks Seen Central To Libor Rigging; Surge In Suspicious Trade Reports To FSA; France’s Hollande Lays Dodo Bird Egg With First Budget
More of Barclays’ partners in Libor crime come to light, and the head of RBS says he expects the bank to pay a hefty fine (given what happened to Barclays, that may be a statement of optimism and hope). Ever since Britain’s FSA declared its intention to spot-check...
John Lothian Newsletter: NYSE Euronext Plans New Contracts In Futures Challenge To CME; France to push ahead with ‘Tobin tax’ proposal; China set to bolster short selling
NYSE Liffe U.S. announces new interest rate futures contracts that take aim at CME Group's market share. France's government moves aggressively forward on plans to establish a financial transaction tax well ahead of other nations. China is set to boost its...
Five Minutes with Samantha Page
While many 13-year-old girls want to be ballerinas or princesses when they grow up, Samantha Page wanted to be a tin trader. After landing a summer job as a stockbroker, she worked her way through the industry, gaining exchange, banking and regulatory experience. She...
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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