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Financial news updates from John Lothian News.

Asia Pacific Financial News from John Lothian News – October 23, 2017 Standard

Lead Stories Banks plan to shift Asian trading from London to HK; Regulator gears up to handle moves in a blow to UK capital on managing Asia risk Laura Noonan in Hong Kong – FT Major investment banks are talking to regulators about routing their Asia-Pacific trading activities through Hong Kong instead of London, in a move that would have limited effect on jobs but would shift global finance’s centre of gravity further away from the UK capital after Brexit. https://goo.gl/Fw6Znk China sees long battle ahead for blue skies, clean water;Challenges persist while policymakers emphasize progress KENJI KAWASE, Nikkei Two…

VIX Bits: The Thermometer Isn’t Broken Standard

On the 30th anniversary of the ‘87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had an analogy for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time that’s happened since 1971. Is that weird? Yes. Is it worth noting?…

Asia Pacific Financial News from John Lothian News – October 20, 2017 Standard

Lead Stories End of an era as Hong Kong stock trading floor set to close By The Associated Press Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. https://goo.gl/kiuzjX Rage, Rocket Man and the price of Donald Trump’s vanity; US allies’ policy of working to minimise the president’s impact is running out of road Philip Stephens – FT The rage in the White House is unbounded. North Korean leader Kim Jong Un — “Little Rocket Man”, the US president calls him — must be destroyed. The international…

Adi Agrawal is Optionus Prime Standard

Adi Agrawal is Optionus Prime, the chief transformer of the Options Clearing Corporation. More formally he is not a child’s toy or the star techno-actor of a hit movie series, but rather the Chief Transformation Officer of the OCC. He is the chief transformer in my book. As Optionus Prime, Agrawal has a new role at an organization that is trying to reinvent itself based on the challenges of Dodd-Frank. I had never heard of such a title before, so I sat down with Adi and asked him what it was all about. He was in human form for the…

Asia Pacific Financial News from John Lothian News – October 19, 2017 Standard

Lead Stories Nasdaq, SGX in pact to woo firms interested in listing on both boards Elzio Barreto – Reuters (Reuters) – Singapore Exchange Ltd (SGX) (SGXL.SI) and Nasdaq Inc (NDAQ.O) said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs. https://goo.gl/3CRwo2 CME Group and JPX Enter into Agreement to Launch Japanese Yen-Denominated TOPIX Futures Contract on CME CME Group CME Group, the world’s leading and most diverse derivatives marketplace, and Japan Exchange Group (JPX), Asia’s leading comprehensive exchange group, today announced…

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

Lead Stories China’s Stocks, Bonds, Currency Drop in Unison Before Congress By Richard Frost – Bloomberg Twice-a-decade meeting due to get under way from Wednesday; History shows equities tend to fall during and after meeting Caution is spreading through China’s financial markets before the start of a crucial Communist Party gathering. https://goo.gl/SEvzTP SGX launches SGX America with office opening in Chicago SGX Singapore Exchange (SGX) today announced that it has expanded its international footprint with the opening of SGX America in Chicago. Building on its existing international connectivity, SGX’s presence in the U.S. will enable it to better serve a…

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

Lead Stories September 2017 ETD Volume and Open Interest FIA Worldwide volume of exchange-traded derivatives was 2.234 billion contracts in the month of September, nearly unchanged from the previous month and up 8.1% from September 2016. Regional trends in trading volume are shown in the table below. Total open interest was 874.4 million contracts at the end of September, up 5.4% from a year ago.. Two Chinese Bidders for Chicago Exchange Drop Out By Nick Baker and Brian Louis – Bloomberg SEC stalled a decision on whether to approve the deal; Trump, some lawmakers have blasted the sale to Chinese…

Information and Cyber Security for the Futures Industry; A Perspective by VSEC, LLC Standard

The founders of a information and cyber security advisory firm have written a must read white paper for the futures industry about the business and regulatory challenges of cyber security and how to manage them. VSEC, LLC is an information and cyber security advisory company. Founding partners John Falck and Mike Phillips have many years experience in the derivatives industry, with both of them originally working for O’Connor & Associates through the Swiss Bank and UBS mergers. Business and regulatory requirements for information and cyber security are changing rapidly. In the futures industry, FCMs, prop traders, brokers, CTAs, CPOs and…

Asia Pacific Financial News from John Lothian News – October 13, 2017 Standard

Lead Stories Southeast Asian Stock Markets Quietly Kill Their Trading Link By Andrea Tan – Bloomberg A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut. https://goo.gl/XJS1Mm Hong Kong Exchange Plans to Seek Trading Tax Cut, Source Says By Benjamin Robertson – Bloomberg Any change might boost algorithmic trading in equity market; New government seen as supportive to financial services Hong Kong’s exchange operator is considering asking the government to remove or reduce a trading tax on stock transactions, as part of a review of the levy, according to a…