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How student finance clubs seized control of the path to Wall Street |
| How student finance clubs seized control of the path to Wall Street. College finance clubs have become a gateway to Wall Street careers, and the process for joining can...
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10 MOST CLICKED STORIES OF THE WEEK |
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JLN PRESS ROOM PAGE OF THE WEEK |
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| Coinbase operates the largest U.S.-based cryptocurrency exchange. It is a cryptocurrency trading platform (CTP), wallet and broker for bitcoin, Ethereum, Litecoin, and other digital assets.
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Options Mania: How Henry Schwartz and Cboe Are Riding a Retail-Fueled Trading Wave
PALM BEACH GARDENS, Fla.- (JLN) – May 16, 2025 – If you thought the options market couldn’t get any hotter, Henry Schwartz of Cboe Global Markets has news for you. “We’re seeing record volume again this year. It will be the sixth year in a row with record option volume,” Schwartz said at the Options Conference, eyes wide behind his glasses. “We’re averaging about 59 million contracts a day. That’s up 20% from last year. We had a day of over 101 million contracts.”
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Wall Street’s Newest Data Wrangler Tackles a Flood of Trades – and a Five-Petabyte Tsunami
BOCA RATON, FL – (JLN) – May 13, 2025 – For Paul Humphrey, chief executive at BMLL, taming the world’s market data is a feat of engineering – and the torrents keep coming. “The bigger the market volumes get, the bigger the data sets get, the harder that data is to grapple with,” Humphrey said in a recent interview with John Lothian News at the FIA Boca50 conference. BMLL, he explained, now ingests data from over 100 global venues, performing “sanity checks” and returning curated information to industry clients before the market opens. “The greater the markets continue to grow, the more our value prop makes sense,” he said.
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Trading, Family, and AI: Robert Blackwell, Jr. Builds His Own Playbook – From Chicago Pits to Quant16
ELMHURST, IL – (JLN) – May 9, 2025 – Not everyone gets to build a company with their childhood hero, but Robert Blackwell, Jr., chairman of Quant16, did just that. “My father worked at IBM for 25 years and was the world’s best sales guy – people just loved him,” Blackwell said. “I didn’t get any of that. I’m more mathematical.” The two joined forces after IBM offered early retirement, but generational differences led Blackwell to bow out politely. “Arguing with my father wasn’t like arguing in a trading session. You have to respect your father, so I left.”
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From Trading Floor Grit to Algorithmic Insight: Robert Blackwell, Jr. on Leaving the Pits – and What Never Changes
ELMHURST, IL – (JLN) – May 8, 2025 – For Robert Blackwell, Jr., chairman of Quant16 and former Chicago trading pit regular, honor was more than an abstract principle. “My father told me, ‘The only thing in life you have is your name,’” Blackwell recalled. That lesson came home when a business partner faltered, and Blackwell left the trading floor he loved to rescue and transform a struggling company. “I wrote most of the financial modeling systems for Sears and Abbott Labs… I applied my algorithmic opportunity identification to industry,” he said.
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The Flight Deck for Risk: Dan Carter’s Vision for Trading Surveillance at KRM22
ELMHURST, IL – (JLN) – May 7, 2025 – For Dan Carter, chief executive officer of the risk management software company KRM22, controlling risk isn’t just about drawing boundaries; it’s about flying the plane from the cockpit, with every gauge, dial, and alert at your fingertips. “Our vision for the cockpit was the ‘fly in the plane’ type dashboard,” Carter explained in a recent video interview, “so a chief risk officer or compliance officer can have a single, data-driven place that gives them warnings around risk.”
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From Gum Sales to Gamma Trades: Robert Blackwell, Jr.’s Unlikely Path from Wichita to the Chicago Trading Pits
ELMHURST, IL – (JLN) – May 7, 2025 – Many classmates choose lunch breaks to leave school to buy candy over recess, but a young Robert Blackwell, Jr., seized the schoolyard profit margins instead. “If you got back late from the candy store, you’d get hit with paddles by teachers,” he recalled. “So I bought a bunch of gum and started selling it at school when I was eight. I kind of liked being in control of my own destiny.” That knack for spotting opportunity and turning adversity into enterprise carried the future chairman of Quant16 from humble beginnings in Wichita to the rough-and-tumble world of Chicago’s trading floors.
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In the Pits: Policing, Camaraderie, and Redemption on the NYBOT Floor
Fred Schoenhut, former chairman of the New York Board of Trade (NYBOT), likened his role on the floor committee to being part of the trading floor’s police force. “I would get into a lot of heated arguments with people when I would see something unethical or illegal… But often, apart from the fines, not much would happen to those brokers,” he recalled in a candid interview. Violations, he lamented, seemed almost “part of the game,” and true consequences were rare. “There was just too much that wasn’t punished… it enabled people to continue to trade unethically.”
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