Tech/HFT

FIA EXPO 2023 to Spotlight Artificial Intelligence

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

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’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?

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

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

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

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

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’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.

Donald MacKenzie Takes a Long Look at High-Frequency Trading and its History

Donald MacKenzie Takes a Long Look at High-Frequency Trading and its History

Donald MacKenzie, a professor of sociology at University of Edinburgh, became fascinated with high-frequency trading 10 years ago, specifically about the alpha involved in speed. John Lothian News interviewed Professor Donald MacKenzie over Zoom about his new book “Trading at the Speed of Light; How Ultrafast Algorithms are Transforming Financial Markets,” published by Princeton University Press.

JIm Krause: The Path to Electronic Trading

JIm Krause: The Path to Electronic Trading

Former CME CIO Krause Recalls the History of CME Globex From the Beginning Jim Krause came to the futures industry from a job in temperature control and HVAC at  a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by...

Quant Models Went Haywire as Chinese Stocks Crashed and Rallied

Quant Models Went Haywire as Chinese Stocks Crashed and Rallied

First Read Hits & Takes John Lothian & JLN Staff Do you remember that record breaking value jump by Meta Platforms Inc. when it declared a dividend for the first time and its shares jumped the market value in the firm to a $197 billion gain? This morning at...

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The Spread

MSCI and Cboe Global Markets enter into a strategic collaboration

Observations & Insight Options Discovery Episode 30: Risk Management For Options Portfolios; Hilary Till, Principal At Premia Capital Management, Discusses This And More With JLN's Asma Awass. JohnLothianNews.com In this episode of Options Discovery, Asma Awass...

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