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Author Archives: Jim Kharouf

About Author

Kharouf is a Chicago-based freelance reporter and editor who was previously CEO and editor-in-chief of John Lothian News.

Futures Seeing Blue Standard

Jim Kharouf

As regulators, exchanges and firms comb through the mess that is MF Global, its painfully clear that this industry needs some self-examination. One of the life bloods of the futures business has come from retail and individual traders who help pump in liquidity. One may argue that some, even much of that needed speculative liquidity is now being supplanted by the proprietary trading shops and other institutional players in this space. Nonetheless, MF Global’s spectacular fall has harmed the reputation of the futures industry and produced what every good broker tries to avoid – lousy and in some cases disastrous customer experiences….

Five Minutes with Bryce Engel Standard

Bryce Engel

Bryce Engel is president and chief operating officer at Penson Worldwide, Inc., a post he took in June 2009. Prior to joining Penson, Engel served as senior vice president with TD Ameritrade, overseeing retail client services and support, institutional and clearing operations. He spoke with Jim Kharouf, editor-in-chief of JLN about his 13 years at TD Ameritrade, Penson’s plan to shed oversees business and concentrate on North America, as well as plans to introduce managed futures. Q: How did you get started in the financial services industry? A: I started with TD Ameritrade before there was a TD or an…

The ICE-man cometh Standard

Jim Kharouf

(The first time something like this happened John was away. This time, John is away on a trip. This goes to show that the world turns, even when John is away or as I see it, it turns more meaningfully when Jon Matte and I are running the newsletter.) I doubled checked with ICE to make sure this wasn’t some kind of elaborate Jeff Sprecher April Fools joke. If this bid from ICE and Nasdaq for NYSE Euronext succeeds, ICE could pull off the biggest deal and perhaps one of the best deals in exchange history. ICE’s portion would mean…

Five Minutes with Lilia Severina Standard

The annual Futures Industry Conference at the Boca Raton Resort & Club is great for catching up with old friends and clients, but each year, new attendees arrive to make their name known. Jim Kharouf sat down with Lilia Severina, collocation and proximity hosting director of Interxion (pronounced Inter-Action), which is based in Amsterdam and went public in January. (The firm announced its first quarterly earnings report on March 23, 2011) Severina spoke about what the firm does in co-location and its goal to bring more U.S. clients over to Europe, where its operations are well established. Q: Let’s start…

“All We Are Saying…” Standard

A special thanks to the USDA, CFTC and Farm Foundation for the opportunity to speak at the Carbon Market Design: Issues and Opportunities Workshop on Monday in Washington. Nate Higgins and his team did a great job of putting the program together and featured a number of different speakers with a variety of viewpoints – some which embraced the markets-based approach and some which did not. A few observations from this workshop. In the words of Richard Sandor, markets take years to build. So even though Congress closed the window on carbon markets in the near-term, others are on the…

Five Minutes with Kristin Fox Standard

It may be high on many CTA’s New Year’s resolutions this year – do a better job of marketing. So it is worth speaking with someone who specializes in the field of communicating, Kristin Fox founder and principal of FoxInspires LLC. Launched in 2008, FoxInspires provides access to intelligence and information that helps investors and managers understand each other better. Prior to starting her firm, Fox worked as a journalist for more than 20 years and served as vice president of news and research, and executive editor for HedgeWorld. Before that, she worked at Crain’s Pensions & Investments and broke…

Sustaining Sustainability Standard

By Nelson A. Switzer As we watch some of the modern day’s corporate behemoths fall like domino’s, more and more corporations are searching for an answer to the question, “What are the issues of which we must stay abreast – and how far ahead do we as a management team need to look?” The answer to this question requires a fundamental shift to the front foot, but only if corporations first acknowledge the gap that exists in their management team’s ability to successfully manage the risks and opportunities of sustainability – environmental, social and economic sustainability. A recent white paper…

True Science Standard

I’ve had some interesting, and some uninteresting debates about climate change/global warming with readers, friends and others over the years. Some are stone cold deniers. Some, like one of EMN’s subscribers, is a skeptic who says he doesn’t know exactly who or what to believe, but that he just isn’t convinced. At the end of the day, this debate is being held in the public and political courts – to convince us that it is or isn’t happening “beyond a reasonable doubt.” Just last month, Hal Lewis, a distinguished professor of physics at the University of California, Santa Barbara resigned…

Making Sense of Mid-terms Standard

With Tuesday’s U.S. mid-term elections drawing close and tight races still being duked out in several states, a New York Times tally is showing 46 solid and continuing Democratic Senate seats and 35 solid and continuing seats to the Republicans. That leaves 19 seats in play, most in coal and oil states or other pockets of the country not warming to the various incarnations of cap-and-trade legislation forwarded in the recent past. For the first time in nearly a decade, not one Republican running for the Senate supports proposals to limit carbon emissions and trade pollution rights, the Los Angeles…