These are the show notes for the Unchained podcast. Listen to my whole interview with Sandra here or on Google Play, iTunes, Stitcher, TuneIn Radio.
CME Group started more than a century ago in Chicago as a place where farmers could lock in prices for their crops. Today, its exchanges — CME, CBOT (Chicago Board of Trade), NYMEX (New York Mercantile Exchange) and COMEX (Chicago Mercantile Exchange) — cover every major asset class, such as metals and energy and U.S. Treasury bonds.
In the first episode of Season 2 of my podcast, Unchained (Google Play, iTunes, Stitcher, TuneIn Radio), she talks about CME’s current and forthcoming work with cryptocurrencies and blockchain.
And this coming year, it will launch a blockchain-based digital gold product, Royal Mint Gold, with The Royal Mint, a 1,000-year-old institution owned by Her Majesty’s Treasury in the United Kingdom.
Leading these efforts at CME is Sandra Ro, head of digitization initiatives. Ro, who came to CME five years ago, began her career managing foreign exchange and mergers and acquisition risks, and now directs FX research and product development for CME.
And now it’s making a foray into bitcoin. This past November, CME launched both a once-a-day bitcoin reference rate (BRR) and a bitcoin real-time index (BRTI) that updates every second.
Man Spends 5 Days Underwater For Zero Gravity Research Experiment
Sandra Ro, executive director of digitization at CME Group
Central Bank Digital Currency Brings Wider Access: Bank of Japan
A blockchain-based central bank digital currency issued to the public would allow wider and unrestricted access to payment and settlement systems, the deputy governor of the Bank of Japan said earlier
Levine on Wall Street: Bank Troubles and Oil Worries
JPMorgan had earnings.
It's a miss, $1.19 per share versus $1.31 estimates, with fixed-income revenue down in part because of the sale of the commodities unit, and in part because, you know, tradin
Levine on Wall Street: Capital Raises and Stress Tests
Deutsche Bank is raising some money.
Yesterday it announced that it's raising about 8 billion euros of common equity capital, mostly from an underwritten rights offering but also 1.75 billion euros
Cool Derivatives and Bank Consultants
I used to sell equity derivatives, and the way you sell equity derivatives is by telling scary stories about the future. Are you worried that the crisis in Ruritania will wreak havoc on your
Bitcoin's Creator Is Human. Get Over It.
Craig Wright, a compulsive degree collector from Australia, has officially laid claim to the name of Satoshi Nakamoto, the pseudonym used by the mysterious inventor of bitcoin. His motives are unclear
Bitcoin Is a High-Tech Dinosaur Soon to Be Extinct
For all the regulatory crackdowns on Bitcoin in recent weeks, the cryptocurrency's advocates remain unfailingly optimistic. Bitcoin is the future, they tell us; it heralds a future where private, stat
Levine on Wall Street: The Political Dominance of the Cabal
has a hobby
You know who thinks that George H.W. Bush masterminded 9/11 and that the CIA shot John F. Kennedy and a bunch of other stuff? Tower Research's Mark Gort
Ritholtz's Reads: The Case Against Hedge Fund Managers
Welcome back to the monkey house. Cuba, Apple, Hedgies, Greece all get featured in our Monday morning train reads:
What are you reading?
Billions Poured Into Currency-Hedged ETFs to Offset Stro