Tech/HFT
Nasdaq’s Kevin Kennedy Discusses GEMX Launch on AWS Cloud, Highlights Latency Improvements and Future Cloud Migration Plans
Nasdaq has been moving its markets to the cloud, and it recently announced GEMX had moved to its AWS cloud infrastructure. John Lothian News interviewed Nasdaq Executive Vice President Kevin Kennedy to discuss the launch of the latest Nasdaq market.
Nasdaq is making progress with its AWS markets conversion, Kennedy said, emphasizing how this move is modernizing markets through the incorporation of cutting-edge technology. He noted that the initial focus has been on hardware improvements.
Eventus CEO Travis Schwab Highlights Growth and Innovation at FIA EXPO 2023
At FIA EXPO 2023 in Chicago, John Lothian News caught up with Eventus CEO Travis Schwab to discuss the company’s latest developments and industry insights. Schwab shared the significance of extending Eventus’s relationship with Philip Capital, emphasizing the growth in the Asia-Pacific region and validating the strength of their partnership.
Schwab revealed that the new user interface (UI) of its Validus platform is gaining traction with clients. The platform, designed to streamline workflow, allows users to efficiently work through complex issues, investigate alerts, and remedy them with greater ease and speed. With the first clients already on board, Schwab said he anticipates this platform will significantly enhance scalability, performance, and usability.
John Lothian News Interview at FIA EXPO 2023: Trading Technologies and Abel Noser Speak Out
At this year’s FIA EXPO, John Lothian News sat down with Trading Technologies (TT) CEO Keith Todd and Abel Noser CEO Peter Weiler for a candid video interview about TT’s purchase of Abel Noser, what is next for TT and more.
CQG Leadership Addresses the State of the Second Half and Industry Trends at FIA EXPO
John Lothian News conducted an exclusive video interview at the FIA’s EXPO in Chicago with CQG President Ryan Moroney and Senior Vice President Pat Kenny. The interview delved into the current state of CQG and explored industry trends, shedding light on the company’s strategic direction.
As the discussion began, Moroney and Kenny addressed the performance of the second half of the year for CQG. Kenny said, “Everything has been a little higher, higher, higher, over the last two or three years.”
“The second half looks great. I think it just leads to next year and what might happen next year for CQG to be even better,” Kenny said.
Vermiculus CEO Nils-Robert Persson Discusses Company’s Current State in FIA EXPO Interview
In an exclusive interview with John Lothian News at the FIA’s EXPO at the Sheraton Grand Riverwalk hotel in Chicago, Vermiculus CEO Nils-Robert Persson provided insights into the company’s current state and direction.
Persson discussed Vermiculus’ ongoing projects and completed deals, highlighting the company’s ability to serve clients with microservices and customized solutions.
The conversation also touched upon Vermiculus’ pre-pandemic origins, underscoring its advantageous position during the pandemic, as remote technology discussions by video conference became the norm, saving time and travel costs.
FIA EXPO 2023 to Spotlight Artificial Intelligence
Walt Lukken, President & CEO of FIA (Futures Industry Association), revealed that artificial intelligence (AI) will take center stage at this year’s EXPO 2023 in an exclusive interview with John Lothian News. The Innovator’s Pavilion will showcase companies offering AI solutions aimed at enhancing market efficiency and functionality. Additionally, AI will be a prominent theme in panel discussions during the event.
Lukken highlighted the overwhelming interest in AI, stating that it was the most sought-after topic among queries sent to the EXPO steering committee before the event.
This year’s EXPO will commence on a Monday, a departure from previous years, with keynote speaker Jon Meacham addressing the audience. Meacham’s speech will delve into how history may assess the leadership qualities of today’s U.S. leaders, as Lukken explained.
Mark Spanbroek’s FIA EPTG Chair Swan Song IDX Interview with JLN’s Julie Ros
IDX was full of goodbyes for Mark Spanbroek, the long-serving chair of the FIA European Principal Traders Group. JLN did not want to be left out and so JLN Correspondent Julie Ros interviewed Spanbroek at FIA’s International Derivatives Week after he had been interviewed on stage by former FT journalist Jeremy Grant.
Spanbroek spoke to Ros about the initial formation of the European Principal Traders Group. He said the EPTG was set up 12 years ago right at IDX after the US Principal Traders Group was already set up by Don Wilson and affiliated with the FIA. Spanbroek said it was a slam dunk to get it done in Europe as well. Spanbroek gave credit to Remco Letterman for helping get the EPTG off the ground.
IMC’s Trading Challenge Prosperity Wins Sea Shells and Sends Winner to the Seashore
IMC is holding a trading challenge, but not just any trading challenge. This virtual market trading challenge was 18 months in the making, designed by multiple teams inside and out of IMC. The name of the challenge is Prosperity and it involves earning sea shells, which could earn the winning trader or traders a $25,000 island vacation. It also earns a $25,000 donation to a non-profit that helps cleanup the ocean. IMC will make a $25,000 donation in the winner’s name to The Ocean Cleanup.
Is the era of the traditional FCM model coming to an end?
No, at Abaxx Exchange we don’t believe the era of the traditional FCM model is coming to an end, nor should it be. However, the recent Risk.net article “Brokers slam CME over ‘conflict of interest’ in FCM plan’ made us realize that not everyone may feel the same way, and we need to make our case for the raditional FCM model.
Some exchange groups ranging from the largest that date back more than a century to the digital asset focused upstarts have asserted that risk mutualization processes — currently favored and handled by FCMs — can and should be disintermediated.
Blue Ocean Technologies CEO Brian Hyndman Sees Clear Sailing for ATS in Overnight Trading
Brian Hyndman was recently promoted to CEO of Blue Ocean Technologies, which has developed from a broker-dealer that matched buyers and sellers by phone during the overnight market hours to an ATS that allows Asian investors to trade U.S. stocks electronically during overnight market hours. Hyndman was recently interviewed by John Lothian News about Blue Ocean and his new role.
Hyndman, a longtime Nasdaq executive, joined Blue Ocean to help raise capital to grow the company. He was eventually asked to join Blue Ocean and run it. Before Hyndman joined, the company’s vision was to trade just ETFs; he extended it out to all NMS (National Market System) stocks. Today, Blue Ocean offers trading on more than 12,000 NMS stocks on its platform.
Citadel Securities’ Troy Kane discusses the growth of retail trading, Citadel’s wade into Crypto, and its growth in Asian markets
Troy Kane got his start when he was 14 years old working on the trading floors of the Chicago Board of Trade for his mother’s company and clerking for locals. “My first job was to collect the trading cards every 15 minutes and tally up positions,” Kane said. “So if you were wrong, you were usually fired that day, so you better not be wrong. I did that every summer in high school and learned the business from the ground up.”
Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia
In early November Telstra partnered with Equinix to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges. JLN interviewed Telstra’s Adam Day after the FIA EXPO about this deal and what it means for Telstra’s customers and potential clients.
The Telstra Octagon solution uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. And now, with Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations improved network connectivity, access to the Equinix data center and colocation and Equinix Fabric interconnection services adjacent to the exchanges.
FIA Expo 2021 Video: Tom Lazenga of TNS Talks Tech
Tom Lazenga is global head of sales at TNS, or Transaction Network Services, a fintech firm that provides global real-time data communication networks to industry participants. John Lothian News interviewed him at FIA Expo about the firm’s technology offerings and its plans for the future.
Alan van Griethuysen’s Dutch Path to Electronic Trading
Alan van Griethuysen wanted to be an officer in the Netherlands Royal Army, following in the footsteps of his father, who was a full colonel in the military police.
However, when he took a one-year leave while in school and worked in hotels in England, it started a path that led him to the options exchange in Amsterdam. That first job as a price reporter began a tenure of 32 years at the exchange, which saw many changes during van Griethuysen’s time.
Joe Panfil’s Path to Electronic Trading Led Him to Building and Optimizing Globex
Former CME Infrastructure Executive Talks to John Lothian News When Joe Panfil joined the Chicago Mercantile Exchange staff in 1997 as an information technology professional, the CME was still a member-owned, club-like organization focused on open outcry trading....
Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China
First Read Hits & Takes John Lothian & JLN Staff Today is GivingTuesday. According to the official GivingTuesday website, "GivingTuesday was created in 2012 as a simple idea: a day that encourages people to do good." I encourage you to make a donation to your...
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The Spread
A Deeper Dive into 0DTE Options trading: Jonathan Zaionz, Senior Derivatives Analyst at Cboe Global Markets and Author of “The Rise of SPX & 0DTE Options,” Discusses 0DTE and More in this Options Discovery Full Interview
In this Options Discovery full interview, Asma Awass speaks with Jonthan Zaionz, a senior derivatives analyst at Cboe Global Markets who recently had his paper, “The Rise of SPX & 0DTE Options” published.
Goldman Says Sharp Drop in Volatility Is Opportunity for Hedging
Observations & Insight Nasdaq's Kevin Kennedy Discusses GEMX Launch on AWS Cloud, Highlights Latency Improvements and Future Cloud Migration Plans JohnLothianNews.com Nasdaq has been moving its markets to the cloud, and it recently announced GEMX had moved to its...