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Financial news updates from John Lothian News.

Press Release: With the Participation of Qatar Exchange Muscat Hosts the Annual Meeting of the Arab Federation of Exchanges Standard

The Arab Federation of Exchanges held today its 37th session meeting in Muscat in participation of senior officials representing Arab Stock Exchanges – members of the AFE – and with the attendance of a number of guests who took part in this event. On this occasion, Deputy CEO of Qatar Exchange, Mr. Rashid bin Ali Al Mansouri, expressed in a keynote speech addressed on behalf of HE Dr. Hussain Ali Al Abdullah, AFE President for the year 2011, his satisfaction for Qatar’s presidency of last year’s session, during which the country has undertaken its role in achievement of the AFE…

CME Group Advisory Notice: Enhanced Customer Protections Standard

The CME Group released the following notice on April 2, 2012: To: Chief Executive Officer, Chief Compliance Officer, Chief Financial OfficerFrom: Audit Department, Clearing House DivisionAdvisory #12-04Notice Date: April 02, 2012Effective Date:May 01, 2012 As a leader in the industry, and in conjunction with recommendations we have developed with several industry groups to further safeguard customer funds at the firm level, CME is adopting several enhancements to its reporting requirements. Customer segregation is the cornerstone of the futures industry, and it is critical to ensure the protections afforded under segregation are as strong as they can be for our market…

A note from the BATS CEO to our customers Standard

Dear BATS Customers and Members of the Trading Community, It is with great humility that I write to you for the first time in quite some while.  As you are probably aware, we have been working towards a planned IPO for many months, and as a result of the quiet period restrictions I did not reach out as often as I would have liked recently. Let me get right to the point … BATS experienced a serious technical failure Friday morning and I want to apologize for not measuring up to the level of excellence that you have come to…

Is a VIX of VIX Too Many Derivatives? Standard

CBOE

Last week at the FIA conference in Boca Raton, the Chicago Board Options Exchange announced a new CBOE VIX of VIX Index (VVIX) that measures the volatility of the CBOE Volatility Index (the VIX index). The VIX index itself is a measure of the market’s expectation of future volatility implied by the prices of options on the S&P 500 stock index. Who are the likely users of the index? Anyone who trades volatility products or watches the VIX index, according to Catherine Shalen, director, research and product development, for CBOE. “It is a natural offshoot of the VIX; it uses…

JLN Managed Futures: Boca 2012; MF Global Clients’ Details Published Standard

Observations – Statistics – Commentary The JLN Managed Futures team is in Boca Raton, FL this week for the FIA International Futures Industry Conference. As expected, there were three key topics that consumed a majority of conversation, from panels to “table talk”: The retirement of John Damgard after 30 years as president of the FIA. He has been a tireless promoter of the futures industry whose presence will be sorely missed. John turns the reins over to former CFTC chairman Walt Lukken, who brings his decades of industry and regulatory experience at this critical time for the futures industry. The…

FIA Elects Directors and Officers Standard

Washington, D.C. and Boca Raton, Fla.—March 14, 2012—The Futures Industry Association today announced the election of board directors at its annual meeting in Boca Raton, Fla. Seventeen directors were elected in total at this meeting, including eight regular member directors for two-year terms; four regular member directors for one-year terms; and five associate member directors for a two-year terms. Following the election, the new board elected the association’s officers and public directors. The following directors were elected as officers by the new board:

OSAKA: Japan Earthquake Photo Exhibition Standard

March 11, 2012 will mark the one year anniversary of the Great East Japan Earthquake and Tsunami. The months after this disaster brought to the forefront incredible stories of resilience and generosity as Japan began recovery efforts. The Nikkei, the leading Japanese business newspaper, chronicled the devastation and recovery efforts through an extensive collection of photographs that they have shared with our city. The Osaka Committee of Chicago Sister Cities International and Japan America Society of Chicago will exhibit forty-six photos, approximately 16 by 24, at two downtown galleries; March 12-16 at the State of Illinois Thompson Center and March 21-31…

Republicans Will Rule in House and Senate, But Have Trouble Revising Dodd-Frank, Says John Damgard Standard

United States Capitol

In what he said was his last speech as president of the Futures Industry Association, John Damgard was optimistic that Republicans would dominate both the Senate and the House in the next election, but not that they would be able to undo any of the provisions of the Dodd-Frank legislation to which they object. Damgard told the Union League Club of Chicago that he expects the House to remain Republican and even gain a few more seats, and that the Senate will likely pick up four to six Republican seats.  “The recent redistricting has guaranteed Republicans control of the House for the next 10 years,”…