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Author Archives: Jim Kharouf

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

FIA IDX 2018 – Stuart Williams Says ICE Interest Rates Heating Up Standard

Stuart Williams, president of ICE Futures Europe, said regulatory and macro-economic trends are putting some wind behind its interest rate complex, a welcome sign for a market that stagnated during the post-2008 crisis. Speaking with John Lothian News at the FIA IDX conference in London in June, Williams said industry adoption of MIFiD 2 rules beginning in January, rising interest rates and the uncertainty of Brexit should continue to bolster volumes in these markets in the coming months. “It’s been the combination of political uncertainty in the UK not only driving Sterling, but also Europe, which has been driving our…

Can tZERO and BOX Digital Markets change the face of capital markets? Standard

It would not be an understatement to say that Patrick Byrne thinks big – really big – like a quadrillion dollar market. The Overstock founder and CEO has been building the firm’s tZERO subsidiary, a distributed ledger platform, since 2016 in an attempt to disrupt today’s capital market structure. Last week’s announced deal with BOX Digital Markets, a sister company to BOX Options Exchange, to create a Securities and Exchange Commission regulated market that lists and trades security tokens may do just that. The partnership could dramatically change how capital is raised across multiple asset classes and kickstart the clear…

Q&A With Don Ross: Can Equity Markets Benefit From Auctions? Ross Looks To Disrupt The Markets With On-Demand Auctions For Stocks, Just Like The Good Ole Days Standard

CODA Markets has been pounding a steady beat for on-demand auctions since launching CODA Block, a 30-second block auction program in 2017. With a new study from ViableMkts of the auction system, data shows CODA Block generally did not create adverse market moves when initiating an auction. Don Ross, CEO of CODA Markets’ parent PDQ Enterprises, spoke with JLN’s Jim Kharouf about the study and his view on auctions throughout the trading day. Q: You have been a proponent of auctions in securities and feature an auction mechanism on your CODA Markets platform. Why such a big fan? The biggest…

HKEx Looks To Make A Major Clearinghouse Upgrade Standard

Today’s markets and regulations are pushing exchanges to improve their technology, risk models and capital services. As such, Hong Kong Exchanges and Clearing has embarked on a major revamp of the clearing house’s platform, looking to upgrade its risk models and technology. Ryan Ingram, senior vice president, group regulatory analytics, risk policy and FMI strategy at Hong Kong Exchanges and Clearing, spoke with John Lothian News at the WFE IOMA Clearing and Derivatives Conference in Chicago in April about how the exchange is approaching this project and rolling it out over the next several years. “What we are doing now…

Fintech Exchange: Changing The Market Landscape Standard

The fourth annual Fintech Exchange event was held in Chicago on April 25 -26, with an eye toward up-and-coming companies and exchanges, as well as what’s new in the fintech space from established players. Here is a recap of the best of the two-day conference, hosted by Barchart.  

DB1’s Ankur Kamalia: Fintech Venture Capital Is All About Collaboration Standard

Deutsche Boerse started DB1 Ventures about 2 ½ years ago with the goal of finding new fintech firms that complement the exchange’s wide-ranging technologies but also show potential to grow well beyond that. Ankur Kamalia, managing director, head of venture portfolio management at DB1 Ventures, said his group is looking at everything from post-trade to new trading platforms to regtech firms. “We wanted to start DB1 to take on investments outside Deutsche Boerse Group and with the desire to be much more aligned with the product, design and innovation strategy going forward,” Kamalia said. He added that DB1 believes a…

Crypto Regulation Is Just Getting Started Standard

One thing is certain about regulation of cryptocurrencies and other digital assets. We’re in the earliest of stages. And we’re caught between industry participants clamoring for clarity and regulators taking varied and measured approaches. It’s an awkward time for this markets as new ideas and uses for initial coin offerings range from the next great financial payment system on blockchain to the world’s first blockchain toothbrush that lets you mine coins by brushing your teeth. Last month, the Institute For Financial Markets hosted its second Smart Regulation Roundtable event, Implications of Cryptocurrencies, which covered just where we are and where…

The Dawn of Crypto Regulation Standard

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On April 11, 2018, regulators, academics and market users gathered in Washington DC to discuss the issues, challenges and future of regulation for the digital asset space. Titled “Smart Financial Regulation Roundtable: Implications of Cryptocurrencies,” the program featured three separate sessions: The first session: The State of Play in Cryptocurrencies – What are cryptocurrencies and how are they being used and regulated? The second session: The Regulatory Response to Cryptocurrencies – What should regulators and policymakers do to help cryptocurrencies achieve their potential while minimizing risk? The final session: A Fireside Chat with CFTC Commissioner Rostin Behnam and Brian Knight,…

TT Appeals to the Crypto Masses with New Crypto Only Trading Platform Standard

In another sign Trading Technologies is going all in on the cryptocurrency space, it announced today a new trading platform just for digital currencies called TT Crypto. Mike Unetich, vice president of cryptocurrencies at TT, said the move could be a game changer for the company. The firm expects initial users to come from its existing customer base, as some users were prevented from trading cash crypto for their own account on the traditional TT platform. This allows some high-powered traders who want to trade bitcoin, litecoin, ethereum and other digital currencies to use essentially the same platform they use…