Financial Markets
Top stories summarized by our editors
10/18/2018

The Benchmarks Task Force has been formed to provide clarity and to help with administrative challenges in adoption of International Securities Identification Numbers. The task force, formed by the Association of National Numbering Agencies, plans to work with benchmark administrators to "address some of the practical applications of the ISIN standard", association Managing Director Emma Kalliomaki says.

10/18/2018

CME Group's bitcoin futures average daily volumes rose 41% during Q3 over the second quarter and were up 170% over Q1. The third quarter saw 5,053 contracts traded, compared to 3,577 contracts in Q2 and 1,854 contracts in Q1.

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CoinDesk (UK)
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CME Group
10/18/2018

US Commodity Futures Trading Commission Chairman J. Christopher Giancarlo says he does not plan to pursue a current proposal that would require source code used in trading algorithms be accessible to regulators without a subpoena. "[W]hile there were some good things in the proposal, there were other things that were unacceptable and perhaps unconstitutional," Giancarlo said during FIA's 34th Annual Futures & Options Expo in Chicago.

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Reuters
10/18/2018

Exchange executives on a panel during FIA's 34th Annual Futures & Options Expo in Chicago discussed margin models, Nasdaq's default of a clearing member and Brexit, as well as proposed EU oversight of non-European activity. CME Group chairman and CEO Terry Duffy said "to unilaterally create a kingdom of regulation to take measures out of the US to Europe -- that is going to kill this business quickly."

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Terry Duffy, CME Group, FIA, EU, Brexit
10/18/2018

Panelists during FIA's 34th Annual Futures & Options Expo in Chicago were in agreement over the liquidity risks faced by central counterparties and clearing members. While skin in the game is important, finding the right calibration is a challenge, noted Eurex Clearing Chief Strategy Officer, Matthias Graulich.

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Matthias Graulich, FIA
10/18/2018

During a discussion on "Shattering the Glass Ceiling," panelists at FIA's 34th Annual Futures & Options Expo in Chicago agreed that the futures industry had "a perception vs. reality problem." For women, the notion that the industry isn't as welcoming -- along with fear of making waves -- can lead to frustration, said Kim Taylor, former president of clearing and post-trade services at CME Group.

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MarketVoice
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Kim Taylor, FIA, CME Group
10/18/2018

The data collected by the 2018 NVCA-Deloitte Human Capital Survey will play an important role in NVCA's efforts to improve diversity and inclusion in the venture capital industry, according to Bobby Franklin, president and CEO of NVCA. "Regardless of the size, location, or current demographics of your firm, we need your firm to participate to help us reach a representative, statistically valid, benchmark of the industry," he writes.

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NVCA Blog
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Bobby Franklin, NVCA
10/18/2018

Lucid Software, a startup web-based design and diagram-building platform, raised $72 million in its most recent funding round. With the capital, the company plans to pick up the pace of product development and open an office in Amsterdam to serve Europe, the Middle East and Africa.

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VentureBeat
10/18/2018

Oh My Green, a startup that delivers nutritious snacks to offices, raised $20 million in its seed funding round. Founder Michael Heinrich says the capital will be used to further develop the platform and to expand the company's network of suppliers and customers.

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VentureBeat
10/18/2018

Icon, a startup that aims to use 3D-printed components to construct houses in 24 hours or less, has raised $9 million in a seed round. The company has partnered with New Story, a nonprofit organization, to find ways to reduce homelessness in developing economies.

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VentureBeat