Virtu Financial

Newest U.S. Stock Exchange MEMX Debuts, Keeps It Simple

by Suzanne Cosgrove | Sep 21, 2020

After more than a year of preparation, Members Exchange (MEMX) CEO Jonathan Kellner is more than ready for Monday’s launch of the new U.S. stock exchange at 9:30 a.m. ET.

Jack Sandner – Open Outcry Traders History Project – Part One

by John Lothian | Apr 25, 2020

Sandner sat for an interview with John Lothian News for the MarketsWiki Education Open Outcry Traders History Project. The interview is broken into two parts to tell the tale of a long and storied career in the Chicago futures markets.

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

by Matt Raebel | Apr 16, 2020

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...

Banks Are Getting Squeezed by the Fight Against Dirty Money

by Jeff Bergstrom | Oct 5, 2018

Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff Here is the agenda for today's CFTC Technology Advisory Committee meeting in Washington, DC. The meeting should be live streamed if you are...

Vela to acquire Object Trading complementing its recent acquisition of OptionsCity; They’re The World’s Fastest Traders. Why Aren’t They Thriving?; Why Everyone’s Trading Volatility

by Spencer Doar | Jul 13, 2017

Lead Stories Vela to acquire Object Trading complementing its recent acquisition of OptionsCity; Acquisition enables Vela to offer a comprehensive software and managed services solution across the entire electronic trading workflow Vela Trading Technologies LLC...

Anxiety Dissipates After First Ballot; Expectations for euro-dollar, US stock volatility plummet; The Downside of Managing Downside Risk

by Spencer Doar | Apr 24, 2017

Observations & Insight Last week's notables A lot happened last week in the options space. If anybody didn't follow the week's developments, here's a little recap. Big trends are continuing in the market making world. I wouldn't say they are good. First,...

Here’s What Analysts Are Saying About the First Round of French Elections; Charts Show Traders Writing Down Chances of a Le Pen Presidency; OCC seeks leverage ratio relief as liquidity shrinks

by Spencer Doar | Apr 24, 2017

First Read The future of futures markets: Exchanges looking to fail fast By Jim Kharouf, JLN Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to...

HKEX and LME Announce New LME Chief Executive and Leadership Structure; Deutsche Bank Is First Bank Busted for Breaking Volcker Rule; Deutsche Boerse Boss Admits Mistakes in Failed LSE Deal

by Spencer Doar | Apr 21, 2017

First Read Bits & Pieces By John J. Lothian David Setters is turning 60 this weekend and of course some friends are gathering to celebrate this happy occasion. What they are also doing is giving gifts of donations to support MND research, the disease that is...

Trading firm Virtu Financial to buy KCG for about $1.4 billion; Mystery trader ’50 Cent’ can’t stop betting on a stock market shock; Euro, currency volatility jump ahead of French election first round

by Spencer Doar | Apr 20, 2017

Observations & Insight World Federation of Exchanges publishes Annual IOMA Derivatives Report WFE The World Federation of Exchanges ("WFE"), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published its annual...

The Great US Options Octopus; The 2017 Short Trade That’s Getting Pummelled This Week; Options Traders’ `Butterfly’ Bets Signal Oil Rally Not Over

by Spencer Doar | Apr 12, 2017

Lead Stories The Great US Options Octopus The Trade Derivatives - Spring 2017 The US options market is a conundrum. Although volumes have remained flat over the past five years, the number of exchanges has expanded to 14, with the potential of another opening just...

CME Group to shutter London exchange, clearing house; CME Group Intends to Close CME Europe and CME Clearing Europe by Year-End; Chi-X Australia boss John Fildes steps down

by Jeff Bergstrom | Apr 12, 2017

First Read How Blockchain Is Changing Gold Markets Peter Shadbolt - CME Group The Royal Mint and CME Group team up to create a new digital gold product; The RMG blockchain and trading platform are in live testing with major financial institutions; An open source...

Virtu Financial Makes Bid to Acquire KCG Holdings; Ovation for new CFTC chief reflects hopes, raises risks; US regulator reveals broad push to revamp derivatives rules

by Jeff Bergstrom | Mar 16, 2017

First Read How do we make American markets great again? Keep it simple, stupid. Spencer Doar - JLN CFTC Commissioner Christopher Giancarlo detailed his plan for the agency after being nominated by President Trump as chairman of the Commodity Futures Trading Commission...

CME Group bids for LSE’s French clearing business; The Royal Mint and CME Group to Launch Royal Mint Gold; Joint Deutsche Bundesbank and Deutsche Borse blockchain prototype

by Spencer Doar | Nov 29, 2016

First Read Smile When You Buy Just Like You Do When You Give By John J. Lothian Today is GivingTuesday. I can only suspect this new holiday was created to give some balance to Black Friday and Cyber Monday shopping extravaganzas. Today we are supposed to pause from...