Jay Morakis (@jmorakis) profile picture

President & CEO @MGroupSC; Corporate Communications expert; PR, IR, PA & Crisis. Husband and father, @Giants, @NYKnicks @ChelseaFC fan for life.

New York, NY
Joined February 2011
Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)Photo by Jay Morakis (@jmorakis)
The CFTC just cleared equity perpetual futures to trade on U.S. exchanges for the first time. The headline isn't the product. It's that @SECGov / @CFTC collaboration finally shipped something tradeable. #MarketStructure cftc.gov/PressRoom/SpeechesT…
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Next test: the first venue to list has to explain crypto-style trading: a no-expiry, single-stock contract to investors who have probably never seen one.
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Approval is the starting gun. How the first listings are described will decide how fast the rest follow.
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Two full-page @WSJ ads in four days on tokenized stocks... the fight's heating up! As I see it, the issue is tokens with no real share behind them, trading offshore. The line that matters most: regulated versus non.
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It also warns that employees who joined for the mission could lose trust in leadership if they think the company drifts from it. That's an internal-comms risk, sitting in a prospectus.
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Lesson for every pre-IPO board: if reputation is material enough to disclose, the crisis preparedness plan is material enough to build before the roadshow!
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Replying to @Cboe
@Cboe and @NYSE opened pre- and post-market sessions for single-stock options yesterday. Cboe targets 23-hour equity trading Dec 6. The "4:01 p.m. release" was built for a market that closed. #MarketStructure
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Every IR and crisis playbook assumed overnight digestion: time to brief analysts, line up the Q&A, steady the story before the open. That window is shrinking by the quarter.
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The firms that handle this well will draft releases, Q&A's and holding statements for a market that's open while they're still writing.
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Those firms that treated regulatory readiness as contingent on Congress are about to learn the hard way, and those firms that prepped for any pathway (legislative or SEC, CFTC-led) and are already building, will reap the benefits.
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Regulatory clarity was never going to come from one bill. It's arriving institution by institution, with or without Congress. What exactly is Washington protecting by sitting this out? Love my country, but sometimes US politics can be such a joke! #DigitalAssets #MarketStructure
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25 years ago… NYC forever!
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Bitcoin just got filed next to the S&P 500 in Goldman's newest ETF platform acquisition. That's the real story in the $2.25B NEOS deal.
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It doesn't hold bitcoin directly, it writes covered calls on bitcoin ETFs for monthly income. Same institutional strategy Wall Street's run on equities for decades, now built around bitcoin because the asset earned it.
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3.7% today. Where does that number go as more platforms follow?
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