| JLN PRESS ROOM PICK OF THE WEEK |
|
| Buy the Sharks, Sell the Bait |
In January of 2014, after hearing CBOE executives crow at an annual Chicago press lunch about how great their publicly traded company and its products performed in 2013, I wrote a commentary titled “The CME Should Buy the CBOE Soon.” There have been many on and off discussions about just that for many years. And yesterday for just a short period of time it seemed like it was happening, as the Financial Times reported that CME Group had approached Cboe to acquire it in a $16 billion deal that CME Group later strongly denied.
Read more here @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
| |
$53,406/$300,000 (17.8%)
Donors: Douglas Engmann, Trading Technologies |
|
| TIM BRENNAN TOOK THE LEAP TO A NEW FRONTIER OF TRADING |
Tim Brennan did not know what he wanted to do after graduating from a small liberal arts college with a degree in psychology. As with many other traders from this era, his mom had a friend who could get him a job as a runner at the Chicago Board Options Exchange.
Watch Now |
| |
| 10 MOST CLICKED STORIES OF THE WEEK |
|
| 4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK |
|
| Wayne Luthringshausen @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
| |
|
| | In January of 2014, after hearing CBOE executives crow at an annual Chicago press lunch about how great their publicly traded company and its products performed in 2013, I wrote a commentary titled “The CME Should Buy the CBOE Soon.” There have been many on and off discussions about just that for many years. And yesterday for just a short period of time it seemed like it was happening, as the Financial Times reported that CME Group had approached Cboe to acquire it in a $16 billion deal that CME Group later strongly denied.
Read more here @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
|
| | | CME Group Flatly Denies It’s In Talks With Cboe Global Markets @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
The CME Group Wednesday issued a firm denial that it was in talks to acquire Cboe Global Markets, a clear attempt to squash a story published by the Financial Times earlier in the day.
The FT story said the CME Group had “approached” Cboe Global Markets about an all-share deal for nearly $16 billion. It also was surprisingly specific about the alleged details of the proposed purchase. Citing unnamed sources, FT said the CME offered 0.75 of its own shares for every Cboe share, which would value Cboe at about $150 per share.
Read more here @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
|
| | | FIA Reports July Exchange-Traded Derivatives Post 26.9% Volume Gain from a Year Ago; Dip vs. June |
The Futures Industry Association released its July 2021 report on worldwide volume and open interest for exchange-traded derivatives on Tuesday, and it shows a volume gain of 26.9% compared with July 2020 for a combined total of 4.91 billion contracts. However, trading slowed down from its torrid pace of early summer — July volume was down 2.4% from the month earlier.
Read more here |
|
| | | Larry Abrams Part Two: Trader, “New York Jew” and Magician |
In part two of the JLN MarketsWiki Education Open Outcry Traders History Project interview with Larry Abrams, he talks about the emotionally draining market openings every day, his rather ugly experience in Kansas City opening a futures trading operation for Cooper Neff, options exercised out of the money, electronic trading, economic opportunity (and small worlds) and being a magician.
Watch Now @media print { .ms-editor-squiggler { display:none !important; } } .ms-editor-squiggler { all: initial; display: block !important; height: 0px !important; width: 0px !important; } |
|
| If you like this content don't miss your chance to get the John Lothian Newsletter for 90 days FREE. 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 |
|
|
|
|
|
|
