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Financial news updates from John Lothian News.

Asia Pacific Financial News from John Lothian News – August 17, 2017 Standard

Lead Stories Australia follows Japan in move to regulate bitcoin; Control of digital currencies is part of drive to strengthen money-laundering rules Jamie Smyth in Sydney – FT Australia plans to strengthen its anti-money laundering laws and regulate digital currencies such as bitcoin in the wake of a financial scandal involving its biggest bank, Commonwealth Bank of Australia. https://goo.gl/eyBEba Monthly Report: Clearstream supports liberalization of the Chinese financial market; Opening of the Chinese market is progressing / Clearstream will support BondConnect’s initiative Frankfurt, Eschborn, September, October and November Deutsche Börse Recent announcements, according to which a selection of A-shares from…

No, Not the VIX – the VSTOXX Standard

Even your dog has heard of the VIX, the Chicago Board Options Exchange’s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at a popular Randolph Street restaurant to share the latest about VSTOXX and  Rival Systems’…

Asia Pacific Financial News from John Lothian News – August 16, 2017 Standard

Lead Stories Now Asia eyes up City after Brexit despite EU attempts to snatch business; BREXIT will not diminish the opportunities for Asian investment in British financial services, the City of London Corporation has claimed. JON ROGERS – Express.co.uk In a policy document issued by the Asia team of the local authority that promotes the Square Mile the Corporation said it would aim to “focus on” building relationships with countries like China, India and Singapore in the coming year, wanting to create a bridge between London and Asia to discuss finance and services connections”. https://goo.gl/zm3PDm SingX expands online remittance service…

Asia Pacific Financial News from John Lothian News – August 15, 2017 Standard

Lead Stories Tokyo Stock Exchange takes aim at Japan’s corporate ghosts; The presence of former chief executives as special advisers is a persistent concern Peter Wells and Leo Lewis in Tokyo – FT The Tokyo Stock Exchange will intensify its role in Japan’s push for better corporate governance by raising pressure on companies to admit how badly their boardrooms are haunted by corporate “ghosts”. https://goo.gl/hJkMwD Lead prices rise after China shuts imports from North Korea Henry Sanderson – FT Prices for lead rose on Tuesday after China put in place a ban on imports from neighbour North Korea, as part…

Asia Pacific Financial News from John Lothian News – August 14, 2017 Standard

Lead Stories India, Pakistan and Bangladesh 70 years after the British left; A comparison of India, Pakistan and Bangladesh on key social and economic parameters such as poverty, unemployment and child malnutrition Manas Chakravarty – Livemint Seventy years after the British left undivided India, what is the state of its people? The eight charts presented here compare the trajectories of three countries in the region—India, Pakistan and Bangladesh. Additionally, data for China has been included to give us a sense of what might have been had we taken a different path. https://goo.gl/kcXgdc Either China’s Bond Market Or Metals Are Getting…

Alphabet Soup: The DAO, ETH, ICOs and the SEC Standard

By Jim Falvey Technology usually outpaces the law. It can take months, if not years, for legislators, regulators and courts to gain an understanding of technology and then to apply existing law to the new technology and/or create new laws for the technological developments. In the remarkable world of cryptocurrencies and distributed ledger technology (often referred to as “Blockchain”), we are seeing both occur. In May 2016, a virtual organization called The DAO, which stands for Decentralized Autonomous Organization, came onto the scene in the Ethereum world. For the uninitiated, the Ethereum Blockchain sponsors the second most significant virtual currency…

Asia Pacific Finacial News from John Lothian News – August 11, 2017 Standard

Lead Stories Wall Street’s ‘Fear Gauge’ Skyrockets as Tensions Rise With North Korea By LANDON THOMAS Jr. – NY Times Exit greed, enter fear. After a record-breaking run of buoyant market behavior, investors appeared unnerved on Thursday by a series of provocative remarks by President Trump and increasing tensions with North Korea. https://goo.gl/ciyNgL Trump and Kim’s War of Words Has Asia Bracing for Conflict By Jason Scott and Ting Shi – Bloomberg China’s Global Times: Defend North Korea if U.S. attacks; Japan prepares to deploy missile interceptors: Nikkei The escalating war of words between U.S. President Donald Trump and North…

Russell Suite Competition Ambiguity Raises Some Questions Standard

Exclusive. Non-exclusive. Exclusive. CME. ICE. CME again. The story of the Russell Index futures complex licensing over the years is a study in ambiguity, changing strategies and partners. We know the  will win this round as they currently hold the long term license for the products. But what will happen in the short term is ambiguous as these two global exchange giants square off and try to maintain control or pry loose the open interest in the Russell futures products. After ICE took over an exclusive Russell indexes licensing agreement from CME in 2007, CME returned the favor by recently…

Asia Pacific Financial News from John Lothian News – August 10, 2017 Standard

Lead Stories Former HK commodities exchange chief charged with conspiracy to defraud regulator: court Reuters Prominent businessman Barry Cheung, who founded the now-defunct Hong Kong Mercantile Exchange, appeared in a Hong Kong court on Thursday charged with conspiracy to defraud the securities regulator and fraud. https://goo.gl/AXG4vE SEC pushes back on Chinese-led takeover of Chicago Stock Exchange; After initially supporting deal, regulator delays approval of politicised transaction Don Weinland and Hudson Lockett in Hong Kong – FT The US Securities and Exchange Commission has delayed approval of a Chinese-led takeover of the Chicago Stock Exchange, the latest setback for an acquisition…