When NIBA saw the potential impact of CME Group data fee increases, it sought a meeting with the CME to discuss their concerns. NIBA met with the CME Group market data team on Dec. 2. Here is their report to members on that meeting.
I ran into an old friend at the Chicago Board of Trade yesterday and he told me the following joke: “What does Obamacare and CME Group’s new data fees have in common? One is 28,000 pages the other is 18 pages and both were voted on without anyone reading them.”
Live fast, die young and leave a good looking corpse was the mantra of the old rock and roll crowd. AlphaMetrix, a pool operator that seemed to follow that rule, was brought down by regulators after not paying traders or investors.
The past couple of years have been rough on experienced traders, not to mention emerging managers. In our annual review of new talent, here are three managers who successfully have ridden out the post-2008 aftershocks still affecting the business and markets.
Robert Lavin has spent 30 years trading for institutions, customers, government agencies and himself, but may have found his niche with the recent relaunch of commodity trading advisor Vallen Advisors.