Weekend Update: December 9-13, 2019

JLN PRESS ROOM PICK OF THE WEEK

Ken Griffin Has Another Money Machine to Rival Hedge Fund

Citadel Securities is sometimes dismissively referred to as “Citadel’s trading arm” — seen as a forgotten backwater of Ken Griffin’s hedge fund empire, where quants toil on complex algorithms to arbitrage tiny differences in stock prices or calculate bid-ask spreads for Treasuries.

FROM JOHN LOTHIAN NEWS

THE TRANSITION TO DATA SOLUTIONS AND COMMERCIAL HEDGING TOOLS: CQG’S RYAN MORONEY

CQG President Ryan Moroney spoke with JLN about CQG’s evolution from a products-based company to a “solutions-based” company 40 years in, and how its values- and ethics-based culture…

KEEPING UP WITH A GROWING INDUSTRY: TRABUE BLAND OF ICE FUTURES U.S.NG

Trabue Bland, president of ICE Futures U.S., discussed the growth of the FANG+ Index Futures, the impact of zero or low interest rates on ICE’s clearing members and other market participants, how traders use data now compared to decades ago, and more at…

SWAPS PROFICIENCY REQUIREMENTS AND OTHER INITIATIVES: THE NFA’S TOM SEXTON

The National Futures Association (NFA)’s swaps proficiency requirements will be implemented in January 2020. Tom Sexton, NFA’s president and CEO, spoke with JLN at FIA Expo 2019 about the work that went…

TURBULENCE AT THE #1 BITCOIN SEF IN THE WORLD

In the middle of Monday afternoon, the board of directors of LedgerX Holdings announced with a press release that each in the husband and wife team of Paul and Juthica Chou had been put on administrative leave from their roles as CEO and president, respectively.

BRINGING EFFICIENCY TO THE RAW MATERIALS MARKETS: MATERIALSXCHANGE’S MIKE WISNEFSKI

Mike Wisnefski, the CEO and co-founder of MaterialsXchange, spoke to John Lothian News at FIA Expo 2019 about bringing transparency and efficiency to the raw materials markets. 

JIM DOWNS – OPEN OUTCRY TRADERS HISTORY PROJECT

Jim Downs learned about the CBOE from a personal finance class while an engineering student. He loved modeling the markets and found his way to the CBOE. After reading the Black-Scholes paper, he reverse engineered it in the Basic coding language on an Apple IIE.

REGULATOR RUMBLE

This week on The Spread – Bakkt’s CEO heads to Washington, the VIX perks up for the first time since October, and regulators debate over who has jurisdiction over SPIKES futures trading on MGEX.

RUSSELL 2000 INDEX DERIVATIVES BLOSSOM AMID INCREASED GLOBAL DEMAND FOR U.S. EQUITIES: FTSE RUSSELL’S SEAN SMITH

Sean Smith, managing director of derivatives licenses at FTSE Russell, painted an upbeat picture of current Russell 2000 volume when he spoke to John Lothian News at FIA Expo 2019. He credited global demand for small-cap…

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