Travis Schwab of Eventus Systems discusses the complex task of developing software to help fight market manipulation, while also maintaining the flexibility to meet the varying needs of a broad range of customers. Turns out it helps to have former employees from the types of firms that use these products working under the hood.
Gary Sagui started his career at Harris Bank in the foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.
MIAX acquires a controlling interest in BSX, the Bermuda Stock Exchange; a trader named MoonYachts manipulated a programming error in Robinhood to turn $2,000 into $1 million; and the VIX had a quiet week.
A Halloween snowstorm plays a trick on FIA Expo; new research says the stock market has become more volatile each year since 1958, but the VIX was down significantly the week of Oct. 28 – Nov. 1 after a positive jobs report sent the Nasdaq and S&P 500 to record heights.
Negative interest rates, VIX for bonds and an options bet that netted a 14,000% return Will the fed cut rates? Are we headed for negative rates? Fun with acronyms (ICE buys MOVE) and a guy who lucked into a 14,000% return on an options trade...
Cboe moves, MIAX wins, CME vs Bakkt Cboe moves C1 to its Bats technology and moves its floor, MIAX wins patent case against Nasdaq twice, and options are big news in the cryptocurrency world. Produced by Mike Forrester Follow The Spread...
Jake Morowitz came to the Chicago Board of Trade as a philosophy major and a member of the Students for a Democratic Society. A former professor recruited him to come work in the markets and he was hired as a researcher. He bought his first membership with the help of Leslie Rosenthal.
October is a scary month, what with Halloween, the fear gauge jumping up and down, and a “Murder” of drones attacking Saudi Aramco. This week’s edition of The Spread will help you face your fears. Or not.
Mike Fishbain is a former open outcry trader at the Chicago Mercantile Exchange. Today he is part of the customer support team at Trading Technologies, a leading provider of trading screen technology to the futures and options markets. He sat for an interview with John Lothian News as part of the MarketsWiki Education Open Outcry Traders History Project.
Brexit deadline worries sparked a jump in options on interest rate contracts on ICE Futures Europe, Saudi Arabia oil options created unexpected winners after a drone attack on their oil fields, and Cboe returns its trading floor to its original spot in the CBOT building. Also, ALTSO Rocktoberfest.
In this video from our MarketsWiki Education World of Opportunity event in Chicago, Donna Heidkamp, the executive director of RJO Futures, says the financial industry gives people the opportunity to be lifelong students, continuing to learn about the economy, politics, culture and many other topics. She also explores some of the myths about the futures markets, including that there is too much leverage in commodities, that you have to take delivery, and that nobody makes money in futures.
In this week’s episode of The Spread, Matt Raebel takes over for Spencer Doar, remembering some we have lost and talking about HKEX’s failed bid for the London Stock Exchange, some big news for the Small Exchange, and what’s new with Bakkt, Euronext and Curve Global.
At MarketsWiki Education’s World of Opportunity event in Chicago, Rumi Morales, entrepreneur and partner in Outlier Ventures, gave a brief history of trading and the technological changes that have swept the industry, ending with blockchain, which she said is “revolutionary” because no central counterparty is necessary. Blockchain, along with the Internet of Things and artificial intelligence, will lead to a “Convergence Ecosystem,” she said.
First Read Hits & Takes By JLN Staff Dan Stern is the subject of today's MarketsWiki Education Open Outcry Traders History Project video. Stern is part of a prominent Chicago Board of Trade family of traders and lovers of soccer.~JJL John...