Options Press

Chicago Should be a Fintech Hub. So Why Isn't It?


Mark talks to Crain's Chicago Business on why Chicago isn't the fintech hub it could be.

From the article:

Chicago has all the building blocks to become a hotbed of financial technology startups—so why isn't it happening?

The latest sign that this years-long dream may never be realized: a plan to create a hub for fintech entrepreneurs and networking at the Chicago Board of Trade building has fallen apart due to lack of capital.

The Chicago area is home to some of the biggest U.S. fintech players, including futures exchange operator CME Group; mutual fund research firm Morningstar; and credit card company Discover. They've groomed a well-paid pool of professionals, some of whom have become entrepreneurs and angel investors. Chicago also has enviable infrastructure: It's one of a half-dozen key vertebrae in the nation's digital backbone, placed at the center of the fiber optic cable connections between New York and California.

Still, Chicago's aim to become a 21st-century fintech center is at best limping along.

"We have a deep bench of experience and talent in this city that no other financial center ​ can match, so it makes sense that Chicago should also be the global leader when it comes to fintech," says Mark Longo, founder of Chicago-based Options Insider Media Group and a group of fintech professionals. "I would love to see the city's leaders take more proactive steps to make that happen."

Read the whole article.



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The Options Insider Radio Network

The Options News Rundown

Your source for the most important news and information from the world of options.

The Options News Rundown

The Options Insider Radio Network

All of our radio programs in one convenient place.

The Options Insider Radio Network

Options Insider Radio

The original options podcast. Features interviews with leading options figures.

Options Insider Radio

The Option Block

This high-octane program features education, analysis, strategies and unusual activity.

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Volatility Views

The premier radio program for volatility traders.

Volatility Views

The Long And Short Of Futures Options

Your source for futures options information.

The Long And Short Of Futures Options

The Advisor's Option

Arming advisors with the info necessary to manage risk.

The Advisor's Option

Options Boot Camp

Get into peak options trading shape.

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Options Insider Special Events

Compelling panel & special event recordings from the options world.

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OIC's Wide World of Options

A dynamic mix of current events, investor resources, & strategy insights.

OIC's Wide World of Options

Trading Tech Talk

We break down all the amazing technology that takes your trades from the click of a mouse to the clearinghouse.

Trading Tech Talk

Options Playbook Radio

Break down cutting-edge options strategies and learn how to incorporate them into your portfolio

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Options Oddities

We track all the unusual options trading activity on Options Oddities.

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This Week in Futures Options

The program designed to help active futures options traders stay on top of this ever-changing marketplace. 

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The Business Show

If you like business, if you like humor, if you like stock symbols, this is the podcast for you.

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