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Category Archives: Feature

Revamping Nasdaq’s Tech Approach – Lars Ottersgård, Nasdaq Standard

After Adena Friedman became Nasdaq’s CEO at the end of 2016, the exchange group’s management team evaluated where would be best to invest moving forward. One decision out of that process was to shift to becoming more of a fully integrated, cloud-enabled managed services provider. The plan came together in 2017. 2018 is the year for execution. In this video from JLN’s annual series with industry leaders, Nasdaq’s EVP and Head of Market Technology Lars Ottersgård talks about machine learning, data governance, parimutuel technology and cloud computing. Produced by Mike Forrester Interview by Spencer Doar

Cybersecurity and Technology Upgrades – John Davidson, OCC Standard

The OCC is in the process of making what is a big decision for a systemically important financial market utility (SIFMU) – how to best upgrade a tech stack responsible for clearing millions of options and futures contracts daily. In this video from JLN’s annual series with industry leaders, OCC President and Chief Operating Officer John Davidson talks about how the OCC is weighing its cloud vendor options, addressing cybersecurity concerns and the regulatory initiatives on the road ahead.   Produced by Mike Forrester Interview by Spencer Doar

“What’s New is Old and What’s Old is New” – Fred Grede, Bcause Standard

Bcause aims to be a full cryptocurrency ecosystem – mining, spot trading and derivatives trading  all in one place. In this video from JLN’s annual series with industry leaders, Bcause President and CEO Fred Grede talks about setting up operations, customer demand and the parallels between cryptocurrency infrastructure and the development of the futures industry.   Produced by Mike Forrester Interview by Spencer Doar

Cross-Border Concerns – Jonathan Jachym, LSEG Standard

When Jonathan Jachym started at the London Stock Exchange Group stateside about three years ago, there were some 250 employees, most based in new York. Now, the group’s head of North American regulatory strategy and government relations has some 700 U.S.-based coworkers in six different locations. The personnel growth was matched in 2017 with revenue up across all core businesses, with its FTSE Russell and LCH arms doing particularly well. In this video from JLN’s annual series with industry leaders, Jachym talks about compression becoming a natural part of a swap’s trading life cycle, how the group benefits from passive…

Fracking, Ags and Africa – Julie Lerner, PanXchange Standard

After a pilot and proof of concept in agricultural products, PanXchange, a platform for OTC physical commodities, believes it has found a differentiating product – frac sand. The frac sand, or proppant, platform launched in October 2017. In this video from JLN’s annual series with industry leaders, PanXchange CEO Julie Lerner talks about other niche markets the exchange has its eyes on and the challenges of disrupting the status quo. Produced by Mike Forrester Interview by Spencer Doar

Leveling the Clearing Field – Patrick Tessier, Minium Standard

Why can’t banks and brokers use the same sort of technology that clearinghouses have access to? Minium, the new client clearing focused subsidiary of Cinnober, is looking to address that very question. In this video from JLN’s annual series with industry leaders, Patrick Tessier, Minium’s chief operating officer, talks about its early growth, bringing better clearing capabilities to the sell side and the decision to go with a cloud solution.   Produced by Mike Forrester Interview by Spencer Doar

Revitalizing the IPO – Romnesh Lamba, HKEX Standard

Hong Kong, usually a leader in the IPO space, had a bit of an off year in 2017. Romnesh Lamba, HKEX’s co-head of market development, thinks 2018 will be an evolutionary year for HKEX as it plans to loosen its listing rules.   In this video from JLN’s annual series with industry leaders, Lamba talks about China policy, Alibaba and the exchange’s stock and bond connect programs. Produced by Mike Forrester Interview by Spencer Doar

Treasury Pushing For Capital Rule and Volcker Changes Standard

Paul Volcker

The US Treasury Department is addressing capital intensive rules that have constrained market participants from capital markets to community banks under the Volcker rule. Craig Phillips, counselor to US Treasury Secretary Steven Mnuchin, speaking at the WFE IOMA conference in Chicago last Friday, said the department is looking at a variety of issues and challenges for market participants, ranging from restrictive leverage ratios and how those are calculated, to easing restrictions on banks and institutions in the capital markets to promote liquidity, to changes in the Volcker Rule. The Senate recently passed the Economic Growth, Regulatory Relief and Consumer Protection…

Establishing a Presence – Travis Schwab, Eventus Systems Standard

Travis Schwab, CEO of Eventus Systems, thinks firms that participated in the mad rush to build out their compliance and surveillance technologies are likely at a reevaluation phase. That presents an opportunity for Eventus, a three-year-old compliance and surveillance technology firm. In this video from JLN’s annual series with industry leaders, Schwab talks about issues with data integration, machine learning applications and entering the multi-billion dollar compliance technology industry.   Produced by Mike Forrester Interview by Jim Kharouf