Since it was publicized that trading firm Virtu Financial had only one losing day during six years, there has been rampant speculation and suspicion as to what they actually do. We get it straight from the horse’s mouth in a conversation with Virtu CEO Douglas Cifu.
IntercontinentalExchange Chairman and CEO Jeff Sprecher was our person of the year for 2014 and an outspoken advocate for structural change in how markets work. We caught up with Sprecher at this year’s FIA Futures & Options Expo to talk about ICE’s recent acquisition of Interactive Data and market structure issues.
Brad Katsuyama burst onto the scene with the publication of Michael Lewis’ book “Flash Boys: A Wall Street Revolt” as the fair haired boy saving ordinary retail market participants from the evil high speed traders. Katsuyama, founder and CEO of IEX, launched his alternative trading system, IEX, on Oct. 25, 2013, with plans to create a competitive stock exchange. Two years later, IEX is close to becoming an exchange, so we thought it was a good time to catch up with Katsuyama.
It’s expensive and risky to run an airline. Part of that risk is rooted in the volatile and unpredictable nature of jet fuel. Traders can get in on the action with ultra-low sulfur diesel fuel futures.
The softs sector—unlike other sectors—are a group of non-correlated markets, which typically would make them poor candidates for intermarket spreads. Volatility, however, may unlock opportunity for profit.
On Oct. 21, 2015, Darden Restaurants (DRI)—with a stock value of $64.09 and market capitalization of $8.2 billion—announced details related to the planned spin-off of Four Corners Property Trust Inc., a separate publicly traded real estate investment trust (REIT).
According to AARP, there are more than 7,000 baby boomers that turn 65 every day and well more than 40 million individuals older than 65. Since aging typically leads to increased need for healthcare, it is no surprise that many investors view healthcare as a growth industry.
The Commodity Futures Trading Commission released its fiscal year 2015 enforcement numbers,
which showed that the agency filed 69 enforcement actions and levied a record $3.144 billion in civil monetary penalties.
On Nov. 3, 2015, a federal jury in Chicago found commodities trader Michael Coscia guilty on six counts of commodities fraud and six counts of spoofing, the first criminal conviction for that offense under the Dodd-Frank Act.