JLN PRESS ROOM PICK OF THE WEEK |
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Cboe Agrees to Acquire ErisX, Entering Digital Asset Space with Spot, Derivatives and Clearing Platform |
Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, announced it has entered into a definitive agreement to acquire Eris Digital Holdings, LLC (ErisX). ErisX operates a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearing house. Ownership of ErisX presents a unique opportunity for Cboe to enter the digital asset spot and derivatives marketplaces through a digital-first platform developed with industry partners to focus on robust regulatory compliance, data and transparency.
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MWE PRESENTS: RYAN MCNALLY’S PATH TO ELECTRONIC TRADING WAS ROUTED THROUGH TOPS |
Ryan McNally started his career as a runner on the CME trading floor, but he quickly moved off the floor to use the tools that helped make the markets more efficient and able to handle greater volumes, creating his path to electronic trading.
McNally started in 1982 as a runner for Lind-Waldock and he has been an electronic trading pioneer since the day he first saw the Lind-Waldock Order Express system.
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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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| | Crypto Steals Headlines With Cboe-ErisX Deal, U.S. Bitcoin ETF; John’s Take Connects With ICE Mortgage Tech; A Look at Cash-Secured Puts - The Spread - October 22, 2021 |
- Crypto edges into the mainstream with Cboe-ErisX acquisition announcement, first-ever bitcoin U.S. ETF debut; SEC’s GameStop study a reflection without regulation; - John’s Take reviews the digital mortgage experience with ICE Mortgage Technology; - Are you bullish on a stock? The Term of the Week looks at a cash-secured put strategy with Jermal Chandler.
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| | TRILLIONS IS A HISTORY LESSON FOR ANYONE INVOLVED IN THE MARKETS |
Robin Wigglesworth loves history. He is the author of a new book on the history of passive investing titled, “Trillions; How A Band Of Wall Street Renegades Invented The Index Fund And Changed Finance Forever.”
Wigglesworth spoke to John Lothian News over Zoom from Oslo, Norway where he is stationed as a correspondent with the Financial Times. We interviewed him about this first book he has written and why he wrote it.
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| | CBOE’S DAVE HOWSON DETAILS HIS ‘ONCE IN A CAREER’ MISSION IN EUROPE, ASIA – PART 2 |
Cboe Global Markets’ Dave Howson took over as EVP and president, Europe and Asia Pacific in January 2020, a time marked by the challenges of Brexit and shutdowns related to the global pandemic.
In the second part of a two-part video interview, Howson talks about the timing of the September 2021 debut of Cboe Europe Derivatives, Cboe’s EU-based derivatives exchange. Customers had been requesting that Cboe start one for years, especially after its acquisition of Bats in 2017, he said, but the pieces finally aligned this year with Cboe’s purchase of EuroCCP, its clearing house in Amsterdam.
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| | CBOE’S GLOBAL REACH INTO EU AND ASIA GETS READY ASSIST FROM EVP DAVE HOWSON – PART 1 |
When Dave Howson took on the role of EVP and president, Europe and Asia Pacific at Cboe Global Markets in January 2020, two major external events — the U.K.’s transition away from the EU and the global pandemic — threw him some immediate curve balls.
In a video interview, his first for John Lothian News since taking over his current role, Howson talks about the challenges he faced and the ones he has overcome. Among the immediate goals was the plan to shepherd the launch of Cboe Europe Derivatives, the EU-based derivatives exchange that debuted September 6, 2021.
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| | KENNY POLCARI – OPEN OUTCRY TRADERS HISTORY PROJECT PART ONE |
When he was young, Kenny Polcari wanted to be in politics – preferably to eventually be president of the United States. But, he said, “Thank God none of that came true.”
When he was 19, he interned on the floor of the New York Stock Exchange. He knew nothing about the business and was from Boston rather than New York. At first he thought, “Who wants to move to New York City in the summer as a 19-year-old kid?” He was going to go back to Cape Cod and be a lifeguard. But he thought about it and did his homework and said, “What’s the worst that can happen?”
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| | FIA TECH’S ATLANTIS READY FOR MORE OPTIONS BROKERS |
FIA Tech is trying to solve a problem for options brokers with a solution that’s worked for futures brokers and exchange-traded derivatives. That problem is improving the efficiency of give-ups and take-ins reconciliation, settlement and payments.
In July, FIA Tech announced the expansion of its Atlantis service to help options brokers settle give-up trades faster and get paid sooner, while freeing up human resources thrown at this complex problem. One hundred million contracts a month are processed via Atlantis, which is expanding into options in a two-part process.
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