MarketsMuse

07/06/2019

Bitcoin Rally Fuels Market in Crypto Derivatives

Of course they are! #Crypto #trading firms are offering complex #derivatives tied to #bitcoin, raising concern as the digital currency rallies above $10,000 https://www.wsj.com/articles/bitcoin-rally-fuels-market-in-crypto-derivatives-11562146202?emailToken=0a0633d8e02a3f79f6f2f173ab9beec4vCoRVW+sKeunzPSVZRt6F6IAqom0qq1rFLpB1mJYaVH5DKulnTqRWYEzMqV56029DfPAcpjMcwZgQ+ChBd+bNQKqChGYgt2v1B0OaLoxcug%3D&reflink=article_imessage_share

Complex new financial instruments linked to bitcoin are drawing concern as the digital currency climbs back above $10,000.

06/06/2019

Remembering D-Day, June 6, 1944 - Top News ETF, Options, Global Macro Strategy, Trading Tech

We pay tribute to all WWII Veterans, those who landed on the beaches of Normandy, France to repel Nazi Germany's forces and those who made the ultimate sacrifice on D-Day, June 6, 1944, to defend the values that we hold so dear. MarketsMuse Curators extend a warm salute to Mischler Financial Group, the industry's oldest investment bank owned and operated by Service-Disabled Veterans for providing additional color to this post. [ 410 more words ]
https://www.marketsmuse.com/remembering-d-day-june-6-1944/

We pay tribute to all WWII Veterans, those who landed on the beaches of Normandy, France to repel Nazi Germany’s forces and those who made the ultimate sacrifice on D-Day, June 6, 1944, to defend the values that we hold so dear. MarketsMuse Curators extend a warm salute to Mischler Financial Group...

06/04/2019

Wall Street Military Veterans Host 1st Annual GTS-Mischler Veterans in Workplace Luncheon at New York Stock Exchange June 21. Hooah! Oorah!

06/04/2019

Could Bitcoin Hit $50,000? In Wild World of Crypto Options, Some Say Yes

Signaling a Short Term Top?! 2 months ago Pundits claimed #crypto was dead; now they say: Some traders in an obscure corner of the #cryptocurrency #markets are betting #bitcoin could jump as high as $50,000 https://www.wsj.com/articles/could-bitcoin-hit-50-000-in-wild-world-of-crypto-options-some-say-yes-11559559601?emailToken=ba6744b2a7d02deefb06d705344091638jgiNnu0BfQkIMjFGeOVSGBuUGRypqTKngsA16k6+ZwlkpacO9rx+e90Jeli+nLi76xYahdRiePLt3GcNJ3v3jxNrHYPijmsPcnz4VhpekuxKLgGy7KTGW7fhezVx9nBV/y4mlyEk/nu97NcUYkwRQ%3D%3D&reflink=article_imessage_share

Ultrabullish trades in bitcoin options follow recent rebound in the digital currency.

06/04/2019

Could Bitcoin Hit $50,000? In Wild World of Crypto Options, Some Say Yes

Signaling a Short Term Top?! 2 months ago Pundits claimed #crypto was dead; now they say: Some traders in an obscure corner of the #cryptocurrency #markets are betting #bitcoin could jump as high as $50,000 https://www.wsj.com/articles/could-bitcoin-hit-50-000-in-wild-world-of-crypto-options-some-say-yes-11559559601?emailToken=ba6744b2a7d02deefb06d705344091638jgiNnu0BfQkIMjFGeOVSGBuUGRypqTKngsA16k6+ZwlkpacO9rx+e90Jeli+nLi76xYahdRiePLt3GcNJ3v3jxNrHYPijmsPcnz4VhpekuxKLgGy7KTGW7fhezVx9nBV/y4mlyEk/nu97NcUYkwRQ%3D%3D&reflink=article_imessage_share

Ultrabullish trades in bitcoin options follow recent rebound in the digital currency.

05/31/2019

Duh.

05/19/2019

High-Speed Traders Agree to Back New Stock Exchange

What’s Next? Another #Equities #Exchange!! Duh?! This one for #HFT crowd Miami International expects its new MIAX Pearl Equities platform to launch in the second quarter of 2020, subject to approval from the SEC. https://www.wsj.com/articles/high-speed-traders-agree-to-back-new-stock-exchange-11558115607?emailToken=3a84205d80d4ef8b1caa3be03c86f158AGjABmHdIevG2rasOG9cV2ebuADRiIhSlVIE5cvIIZkQ1YxxzEUsysJJ8rlSZRTk2k8Nt9/qyv4v6tLnq3+fJPzrWjBjWsHqWkkjjl24EM8%3D&reflink=article_imessage_share

Some large high-speed trading firms are teaming up with options-exchange operator Miami International Holdings to create next year what could be the 15th U.S. stock exchange.

05/16/2019

www.marketsmuse.com

Working Luncheon will celebrate veterans in the workplace with attendees from notable publicly traded companies Working Luncheon will celebrate veterans in the workplace with attendees from notable publicly traded companies May 16, 2019 10:00 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--GTS, a leading electronic market maker across global financial instruments and the largest designated market maker at the New York Stock… [ 732 more words ]
https://www.marketsmuse.com/gts-mischler-veterans-in-workplace-luncheon-nyse/

05/14/2019

https://www.facebook.com/560362874084723/posts/2183266975127630?sfns=mo

Today is a Perfect Day to Tee It Up For Our Troops! Hooah / Oorah ..Dean Chamberlain leads the Mighty & Fearless Mischler Foursome

05/14/2019

Art Speculators Bid to Lose

What’s next? New trading strategy: selling puts at art auctions! Knock-ins & Knock/outs 2.0 As New York auctions kick off, risk-taking guarantors look for profits https://www.wsj.com/articles/investor-speculation-grows-in-art-auctions-11557780259

David Geffen, Peter Brant and other collectors pledge to bid on art they want but new third-party backers aim to reap fees by getting outbid; “they don’t know what they’re doing.”

05/11/2019

Silicon Valley-Backed Venture Cleared to Become 14th U.S. Stock Exchange

Yes, another #stockechange LTSE aims to create a stock exchange that encourages its listed companies to focus on achieving long-term, strategic goals instead of trying to hit quarterly earnings targets. https://www.wsj.com/articles/silicon-valley-backed-venture-cleared-to-become-14th-u-s-stock-exchange-11557511056?emailToken=cff84ed9f04eb3cca73d8c6066cf5a17xBlT7gwlQ5VN+RVBxP1p+H5rgzU9Ncmmtux8F3CyJJdh4Ickxv4qYLYQMRjrclI4GET5kaacuXjDfmQj4daoziMyt74LKsgZipHBz+MTjH/lW/aLFpGug9XSm4wW5bNh9/jm93d5Y1bu6XexGTSmAQ%3D%3D&reflink=article_imessage_share

Regulators approved a plan backed by Silicon Valley heavyweights to launch a stock exchange that could appeal to hot technology startups.

05/11/2019

Dara- Don’t Kvetch! You’re now listed on the #NYSE !!

05/06/2019

DealBook Special: Everything You Need to Know About the Uber I.P.O.

https://www.nytimes.com/2019/05/05/business/dealbook/uber-ipo.html?smid=nytcore-ios-share

How much will the company be valued at? What can go wrong? Who stands to get rich? Let us answer all those questions and more.

05/05/2019

With Uber’s I.P.O., Dara Khosrowshahi Is Taking Travis Kalanick’s Company Public

This #Uber #IPO story could be the script elements for episode Of Showtime #Billions https://www.nytimes.com/2019/05/03/technology/uber-ipo-ceo-dara-khosrowshahi-travis-kalanick.html?smid=nytcore-ios-share

The C.E.O. wants to prove that the start-up has evolved past a raucous, and profligate, tech-bro culture. But Uber’s past is simply not that far gone.

05/04/2019

‘Dark Pools’ Draw More Trading Amid Low Volatility

Shining a Light on Dark-Pool Trading The share of U.S. stock trades executed on dark pools and other off-exchange trading venues rose to 38.6% in April, the highest level in more than a year https://www.wsj.com/articles/dark-pools-draw-more-trading-amid-low-volatility-11556886916?emailToken=b9feccacc41c040fc95fc23923661b12BUGr13liVx8Lwj06s2zIa7pSIfcVEOHUzfJoFr+j/H9GXq8OSU2XfVFspWELeQYVVr2Wzdo1LK4TiJXSMDG3gaZroUuPIGRoSdpMRrOwW5A%3D&reflink=article_imessage_share

The calm markets of recent months have meant more trades are getting done in the dark.

04/29/2019

How Schwab Ate Wall Street

#Schwab last year pulled in an average of $624 million in net new money a day—more than its three biggest Wall Street rivals combined $SCHW . https://www.wsj.com/articles/how-schwab-ate-wall-street-11556474103?emailToken=90c7b137baa0418337d22ada608e0118Ih1OITPPXCEKaXOIjDNyxWMvIvXCjUyIzsTrGSFfFQF7XscLUDVElDvxXcpDN91WtIcOwFn7dKYQSwfPk4KpSw%3D%3D&reflink=article_imessage_share

The San Francisco firm was once a discount broker for amateurs. CEO Walt Bettinger turned it into something more like a personal-finance supermarket, whose rock-bottom prices are dragging blue-chip rivals in its wake.

04/18/2019

Trump & Co Enable Shareholder Lawsuits Against Cuba; Libertad Act 3.0 -

#Trump Aims to Enable Shareholder Lawsuits Against Cuba. Mnuchin Has An Axe ?! Shocking..https://www.marketsmuse.com/trump-enable-shareholder-lawsuits-against-cuba-libertad-act/

US President Trump enacts Title III of the Helms-Burton Act aka Libertad Act . Shareholders of Vicana Sugar Co to seek recourse from Cuba govt

04/18/2019

Trump & Co Enable Shareholder Lawsuits Against Cuba; Libertad Act 3.0 -

Long Live the Libertad Act! Taking aim at the Cuban Government, US President Donald Trump and his Board of Directors, led by Secretary of Treasury Steve Mnuchin and Secretary of State Mike Pompeo. announced that US shareholders of companies that were seized and nationalized by Fidel Castro when the now-deceased Cuban ruler first took control of Cuba in 1959 can now sue the Cuban government for losses they sustained. [ 521 more words ]
https://www.marketsmuse.com/trump-enable-shareholder-lawsuits-against-cuba-libertad-act/

US President Trump enacts Title III of the Helms-Burton Act aka Libertad Act . Shareholders of Vicana Sugar Co to seek recourse from Cuba govt

04/18/2019

Battle for Order Flow Hits New Heights: Robinhood’s Payments for Order Flow Up 227% in 2018 - TabbFORUM

Payment-For-Order-Flow PFOF Surges; RobinHood Free Stock Trading Cited for Spike,https://tabbforum.com/opinions/battle-for-order-flow-hits-new-heights-robinhoods-payments-for-order-flow-up-227-in-2018/

The latest figures on order routing revenue are easy to find. With the exception of Robinhood Financial – the new, no commission, retail-focused trading app for stocks and cryptocurrencies – order routing revenue is clearly disclosed by the incumbent trading platforms; namely, TD Ameritrade, Sch...

04/14/2019

Congrats to @TigerWoods #TigerWoods #TheMasters

04/13/2019

Bond Market Turmoil Sparked E-Trading

Almost one-quarter of all investment-grade corporate #bond trades in December were on the #MarketAxess digital #trading platform https://www.wsj.com/articles/score-one-for-the-electronic-bond-traders-11555070400?emailToken=6d4d2eff7b429bca3a6685123162e1bdk+f1FmD5SZgUJLMKk1ON2tqDqHDxX7eX32rOdyOe1dTqOFocqzK2X2HGxDu7OKyPf00QTWdmCn2+K2ricDy09HeAuSqMI3b5/V/tnHHGEkk%3D&reflink=article_imessage_share

When global markets tumbled in December, U.S. corporate bond investors scrambled to sell holdings they feared would drop further. But bank traders weren’t buying, so many fund managers turned to a fast-growing electronic marketplace to reduce their exposures.

04/08/2019

Quant-Centric ETF Market-Maker Jane Street Adds Corporate Bond Axe - Top News ETF, Options, Global Macro Strategy, Trading Tech

Jane Street Capital, the quant-centric proprietary trading firm best known for its dominant role in the ETF marketplace--including its role as a liquidity provider for stocks and options as well as exchange-traded funds to buy-side accounts-- has a new arrow in its quiver; making markets in corporate bonds. The firm disclosed that it is lifted its anonymous veil and is now a 'disclosed dealer' on electronic bond trading platform MarketAxess (NASDAQ: MKTX). [ 738 more words ]
https://www.marketsmuse.com/quant-centric-etf-market-maker-jane-street-adds-corporate-bond-axe/

Quant-Centric ETF Market-Maker Jane Street Adds Corporate Bond Axe; now positioned as a disclosed dealer on bond trading platform MarketAxess

04/08/2019

Trading Firm Jane Street Challenges Wall Street

#HFT Firm Specializing in #ETFs Adds Corporate Bond Market-Making to Its Quiver

High-tech trading firm Jane Street Capital, known for its dominance of the exchange-traded fund market, is pushing into territory long controlled by Wall Street banks: corporate bonds.

04/07/2019

The JLC Group

Fees Go to Below Zero. Oy. https://www.facebook.com/1690004701016926/posts/2711061352244584?sfns=mo

Financial Product Marketing 3.0-The Race to Below Zero Fees..Caveat Emptor & Caveat Venditor https://www.nytimes.com/2019/04/05/business/price-war-fund-fees-zero-negative.html?smid=nytcore-ios-share

04/07/2019

Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street

New Monetary Theory Has More Fans on Wall Street; Print,Baby Print! https://www.nytimes.com/2019/04/05/business/economy/mmt-wall-street.html?smid=nytcore-ios-share

M.M.T.’s fans include Alexandria Ocasio-Cortez, Bernie Sanders — and financial analysts at Goldman Sachs, Nomura and GMO.

04/06/2019

Gold Badges and Boozy Breakfasts: Inside the Frenetic Fight for IPO Listings

Exchange Execs Sharpen Elbows to Get #IPO listings @nyse Nasdaq #NYSE The value of new listings is set to be epic this year. So is the fight between NYSE and Nasdaq to land them. https://www.wsj.com/articles/gold-badges-boozy-breakfasts-denim-suits-nyse-and-nasdaqs-frenetic-fight-for-ipos-11554479531?emailToken=375131d98a606dfa6175dbb678cbb3dcxRG1oLJ87VadFb5Ga9+G/Bm1/HvCfel73F30EnJfpJNQ7L3oACMu5y4BjJCYVliACXg2DLZxdcxF+gThd0dPY1oq2Lzrk4KSTrDzFeEfR166ve7FpPi/82L8SjQ6fdrkvVtd2hanTtWcrpWmYMHIVw%3D%3D&reflink=article_imessage_share

The battle for new listings—and the perks NYSE and Nasdaq are willing to offer to lure potential clients—is set to be epic this year, with values potentially beating the record set during the dot-com frenzy.

04/05/2019

CEO of Diversity-Certified Broker-Dealer Has Good Blood..Hooah to this UCLA ROTC Cadet

Mischler Salutes first-ever “National Discussion on Sexual Assault and Sexual Harassment at America’s Colleges, Universities, and Service Academies.” Hooah to UCLA ROTC Cadet Rachel Chamberlain for presenting her whitepaper to esteemed audience--and recognized by Secretary of Army Mark Esper https://www.stripes.com/conference-sparks-dialogue-on-preventing-sexual-violence-at-service-academies-colleges-1.575782

04/05/2019

Virtu Financial and MarketAxess join forces on global ETF and fixed income project - The TRADE

What's Next? #Virtu to Live-Stream #ETF pricing via MarketAxess

Collaborative project to deliver global, multi-asset and multi-currency coverage to MarketAxess and Virtu RFQ-hub clients.

04/04/2019

TradeWeb Cashes In, Broker-Dealer Investors Cash Out via IPO -

Bonds and Billions 3.0...Tradeweb Markets, one of the original electronic bond trading pioneers, which first introduced its dealer consortium platform in 1996, proved that patience is a virtue when it comes to monetizing enterprise value. The company raised $1.1billion via its Nasdaq-listed IPO yesterday (NASDAQ:NW). Illustrating investor attraction to owning a piece of the fintech company focused on fixed income trading, the company increased the number of shares they first planned to offer from 27.3 million to 40 million shares and upped the ante for the IPO price from a $24-$26 range to slightly north of $27. [ 367 more words ]
https://www.marketsmuse.com/tradeweb-cashes-in-broker-dealer-investors-cash-out-via-ipo/

Bonds & Billions 3.0. Tradeweb Markets, one of the industry's first electronic bond trading pioneers when launched in 1996 has raised $1bil in its IPO

04/04/2019

Tradeweb Raises $1.1 Billion in Year's No. 2 IPO in U.S.

#TradeWeb Cashes In, BrokerDealer Investors Cash Out on #GiNormous #IPO $TW Nasdaq Its Good to be in business of electronic bond trading!

Tradeweb Markets Inc. raised $1.1 billion in the second-largest U.S. initial public offering this year, after again increasing the number of shares it was selling and then pricing them above the marketed range.

04/03/2019

Goldman’s Trading Floor Is Going Open-Source. Kind of.

The Squid is Getting Savvier : Open Source 3.0 Style in effort to capture quants Goldman Sachs plans to let outside engineers tinker with some of the code that its traders use to price securities and analyze and manage risk. https://www.wsj.com/articles/goldmans-trading-floor-is-going-open-source-kind-of-11554285602?emailToken=a885e8b7870ca24f095d5ab930dd8ba8nP9s/8oQjH9IA3FGdURa29J0piUQlr/44gdPU+RklFx5kGTntM8Hsf5bHXdb3OErirHN85eMq/z6nOn4zmFXY1IdzI9UCSLdEvp4VLfh+Lg%3D&reflink=article_imessage_share

The bank plans to let outside engineers tinker with some of the code that its traders use to price securities and analyze and manage risk.

04/01/2019

Wall Street Is Getting Cut Out of Bond Market It Long Dominated

#MarketAxess $MKTX Displaces Bond Dealers.. Evolutionary Path for e-bond trading. Duh! (At least one of the founders of BondNet KNEW This Would Happen!) The JLC Group

The banks that have stood in the middle of the corporate bond market for decades are increasingly getting pushed aside.

03/30/2019

After Job Cuts, Deutsche Bank Plans New Electronic Stock-Trading Venture

What’s old is new again-Single Dealer trading platform electrified by Deutsche Bank scheme - DB planning the first ‘single-dealer platform’ in U.S. stocks to be offered by a bank https://www.wsj.com/articles/after-job-cuts-deutsche-bank-plans-new-electronic-stock-trading-venture-11553802022?emailToken=014235fef05b72150cf07d791950dfdbE+VjJ3prnCbYJcTFaAXxMUmckOvtWZLRGA3Ks9BPqg8671mm1mIXftVRvONGmyS2wlNdHC5NW/p1kbJvtjZfIaN3WF+NARDvaHTszwoEPyJ6CcrMA4kfws0eEdwMgszabz5mAVzBR7+/tuLNpYhLsQ%3D%3D&reflink=article_imessage_share

Deutsche Bank plans to launch a new electronic platform where it will trade U.S. stocks directly with large clients, instead of matching buyers and sellers for a fee like Wall Street banks typically do.