| JLN PRESS ROOM PICK OF THE WEEK |
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This is the story of open outcry trading, electronic trading and an imaginary secret organization I created to tell the story of both. This was the first time I used SPET, or the Society for the Promotion of Electronic Trading, to tell a story.
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| 10 MOST CLICKED STORIES OF THE WEEK |
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| 4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK |
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| | The first video we are releasing from the Open Outcry Traders History Project is of Leo Melamed. In this video, Leo tells of his start as a law student and runner, how he financed his first membership with help from his father and how many times he went broke. Three. There are lots of great stories from Leo – from how he makes his trading decisions to the impact of his career on his family and what kind of father he was. The Chairman Emeritus of the CME has had a long, history-making career.
Here is his story.
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| | This year, early September is back-to-federal-court time in Chicago. Three of our favorite cases have seen some recent action in the Dirksen Building.
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| | In the past few years, OCC has taken steps to strengthen its resilience through a variety of activities including increasing headcount, working to revamp the clearinghouse’s technology stack and altering margin methodologies, to name a few. In this video, OCC Executive Vice President and Chief Operating Officer Scot Warren talks about the OCC’s new capital management policy. It was recently re-submitted after the prior policy was disapproved by the SEC at the beginning of 2019.
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