JLN PRESS ROOM PICK OF THE WEEK |
|
7RIDGE DEAL FOR TRADING TECHNOLOGIES COMPLETES ROBUST AUCTION AMID INDUSTRY STRATEGIC PLAYERS |
Tim Geannopulos was given the job of CEO of Trading Technologies by TT’s majority owner, Harris Brumfield, with one big mandate: find a buyer through a big, robust, competitive and active auction process that discovers the right party to buy the firm and is aligned with the interests of the shareholders, employees and customers. Geannopulos accomplished that goal when the deal for the private equity firm 7RIDGE was announced Sunday as the buyer of TT with the support of SGX and Cboe Global Markets as investors in the fund managed by 7RIDGE.
|
| |
$54,406/$300,000 (18%)
This Week's Donors: Cliff Histed |
|
MWE PRESENTS: THE HISTORY OF FINANCIAL FUTURES: LEE OLIVER’S CAREER TURNS LED HIM FROM BROKERING TO REPORTING, PART 1 |
Lee Oliver grew up in South London and in 1981 left school for a temporary stint at brokering — a prospect that seemed more financially appealing at the time than getting a university degree in German or history.
In this video interview with John Lothian, Oliver talks about his career as a market maker and FX trader for several banks, beginning with Midland and continuing at Continental and Nomura Banks.
|
| |
10 MOST CLICKED STORIES OF THE WEEK |
|
4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK |
|
| | The Spread team was knee-deep in FIA Expo coverage this week, but we will be back next week with exciting new options content! |
|
| | THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 11/1/2021 |
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
|
|
| | FIA EXPO 2021: CRYPTO – AN EVOLVING REGULATORY LANDSCAPE |
Cryptocurrencies are often viewed as the Wild West with very little in the way of law or regulations. If there was one thing the Thursday FIA panel on crypto wanted everyone to know, that is far from the current reality. Significant regulatory obligations exist for those trading cryptocurrencies.
That said, the regulatory landscape today is an uncertain one. Kyle Glenn, director of government relations for the FIA, noted that SEC Chairman Gary Gensler has opined that most cryptocurrencies fall under the SEC’s jurisdiction. Whereas the CFTC Acting Chairman Rostin Behnam said just last week that 60% of the digital asset marketplace is under CFTC jurisdiction.
|
|
| | FIA EXPO: SUSTAINABILITY MARKETS GROWING, BUT PARTICIPANTS SEARCH FOR CLARITY OF ITS PARAMETERS |
Although the five speakers at a Thursday FIA Expo panel titled “Sustainability/ESG and Markets” agreed that the ESG sector is one of the biggest growth areas in the marketplace, they said it can be difficult to define exactly what ESG encompasses.
The “E” (for environmental) is self-evident, but the “social and governance components are much more challenging,” said Elizabeth Turner, Qontigo’s director of index product management.
|
|
| | FIA EXPO: CFTC’S DAWN STUMP URGES RETURN TO BASICS WHEN REGULATING CRYPTO, CARBON MARKETS |
In a keynote address at the FIA Expo on Wednesday, CFTC Commissioner Dawn Stump urged the industry, and regulators, to go back to the basics in their discussions of who should oversee digital assets and how they should be overseen before “engaging in a jurisdictional power-grab.”
|
|
| | FIA EXPO: REUNITED AFTER TWO YEARS, EXCHANGE LEADERS TRADE FRIENDLY BARBS |
“Out of a crisis comes innovation,” noted the moderator of a Wednesday FIA exchange leader panel, Jacqueline Mesa, who also is FIA chief operating officer and senior vice president of global policy.
She then asked the three panelists on the Wednesday FIA Expo panel, Terry Duffy, chairman and CEO of CME Group, Ed Tilly, chairman, CEO and president of Cboe Global Markets, and Jeff Sprecher, chairman and CEO of Intercontinental Exchange, what big trends came out of the pandemic.
|
|
| | FIA EXPO 2021: EVOLVING TECHNOLOGIES AND THEIR LASTING IMPACTS |
The Evolving Technologies and Their Lasting Impacts discussion at FIA Expo revolved around how the pandemic has affected the generally staid financial industry. Per the discussion description, “Fintech developments such as cloud computing, chatbots, AI and distributed ledger appear to have come into their own within this environment.”
|
|
| | CNN CORRESPONDENT OFFERS MOVING LESSONS OF WAR |
FIA Expo’s keynote lunch speaker on Wednesday was Clarissa Ward, chief international correspondent for CNN, who has covered wars and natural disasters in Afghanistan, Syria, India and other areas. She had five main “lessons” to impart from her long career as a journalist on how people can become “good global citizens.”
|
|
| | FIA EXPO 2021: POST-COVID, INDUSTRY RETURNS EN FORCE, LOOKING FOR SYNERGIES |
It’s been two years since an in-person FIA Expo in Chicago and judging from the effusive mood of the crowd, there was a lot of pent-up demand.
Kicking off two days of panels and fireside chats on Wednesday was FIA President and CEO Walt Lukken, who noted that while the industry adapted and was highly productive during those gap years, “there are certain synergies and intangibles that can’t be replicated.”
|
|
| | HEMP HARVEST ROLLS TO A CLOSE AMID LESS THAN AVERAGE YIELDS IN SEVERAL REGIONS |
-Texas regulators take a startling turn against delta-8
At first glance, the October PanXchange Hemp: Benchmark & Analysis report looks like more of the same when compared with September’s, but a closer look shows several issues have intensified: price pressures in the hemp biomass sector from newly harvested supply, the continued controversy over (and demand for) for delta-8 and the use of hemp in animal feed.
|
|
| | 7RIDGE DEAL FOR TRADING TECHNOLOGIES COMPLETES ROBUST AUCTION AMID INDUSTRY STRATEGIC PLAYERS |
Tim Geannopulos was given the job of CEO of Trading Technologies by TT’s majority owner, Harris Brumfield, with one big mandate: find a buyer through a big, robust, competitive and active auction process that discovers the right party to buy the firm and is aligned with the interests of the shareholders, employees and customers. Geannopulos accomplished that goal when the deal for the private equity firm 7RIDGE was announced Sunday as the buyer of TT with the support of SGX and Cboe Global Markets as investors in the fund managed by 7RIDGE.
|
|
| | ROBERT KHOURY WRITES ABOUT SUCCESSFUL INTERNSHIPS |
Robert Khoury knows about interns. He was an intern and he has spent years hiring them and working with them. So during the COVID-19 pandemic when he found himself with time on his hands, he finally decided to write a book about the subject.
|
|
- We visit more than 100 websites daily for financial news (Would YOU do that?)
- Provide the best curated stories on banks, brokers, technology firms, exchanges and regs
- Sent via email with a clean format so you can scan a headline or read the whole story
|
|
|
|
|
|
|
