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Category Archives: Video

Original and aggregated financial news video from John Lothian News.

Tim Edwards, S&P Dow Jones Indices – The Relative Importance of Skill, Conviction and Blind Luck in Beating the Market Standard

“I believe that the next big trend in our industry is going to be far more customized, far more bespoke, and it’s all going to be available at low cost because of technology.” When Google was readying for its IPO in 2004, employees were given educational courses in finance and investing. Then senior vice president Jonathan Rosenberg was worried that Google employees — many soon to be minted millionaires — would be taken advantage of by all manner of asset managers and brokers. During the presentations, a series of notable figures all gave the same advice to Google employees, “don’t…

Matt McFarland, CBOE – Business Development Challenges for Derivatives Exchanges Standard

“I would say that derivatives can be financial weapons of mass destruction if they are used improperly. If they’re used properly they can be risk-reducing tools rather than risk-enhancing tools.” This year the CBOE opened a London office in an effort to expand their reach in Europe. Matt McFarland is the head of the new outpost and also in charge of business development. The number one issue he faces when trying to get prospective customers to trade on the CBOE is dispelling Warren Buffet’s imminently quotable quote that “derivatives are weapons of mass destruction.”  Once that hurdle is out of…

Philip Stafford, Financial Times – “The Most Valuable Commodity I Know of is Information” Standard

“A market without information doesn’t trade, doesn’t move anywhere. It’s illiquid. Nothing happens and everybody goes away — [that’s] the last thing anyone wants.  So information ends up being the most critical thing of all.” Philip Stafford of the Financial Times is both an insider and an outsider in the financial world. He does not make markets, code risk management software or hawk new share offerings to prospective clients. On the other hand, he speaks with people from all corners of the the financial universe, from exchange executives to government policymakers, and does trade in that one commodity that Gordon…

Fraser Bell, BSO – Change Is The Only Constant Standard

“Technology is affecting everyone. Just simple things we take for granted have a massive, massive infrastructure behind them, a massive amount of money behind them, and a massive amount of intellectual capital to make technology seem very simple.” In this MarketsWiki Education video, Fraser Bell, chief revenue officer with BSO, outlines how fast things can change and how easy it is for us not to notice. Inevitably, some of those in attendance at the event had to Google directions to get there.  But how many people look up information on the computer in their pocket while thinking about the thousands…

Guy Simpkin, Bats Europe – The Difficulties of Business Development Standard

“Perhaps the finest leader [Britain] has ever had once suggested that the three hardest things a man can do is, one, to climb a wall that’s leaning towards him, [another is] to kiss a girl that’s leaning away from him, and the third one is to make an after dinner speech. Now, had Winston Churchill turned his hand to business development, I do wonder whether or not he might have changed that last one around a little bit.” How often do you think you have a pretty solid idea, only to realize that someone has already done it? Guy Simpkin,…

David Norman, Essex University – What Sets Graduates Apart? Standard

“The industry feels like it has lost its way.” In this video from MarketsWiki Education’s London Event, David Norman, a lecturer at Essex University and Queen Mary University of London, discusses the current landscape of the industry and how to stand out from the competition during a job search. Every year he sees hundreds of students and found that there is no shortage of ‘doers’ — those who can successfully adapt to structure and learn a skill set. To Norman, the industry needs more people willing to think outside of the status quo and not just conform to existing norms….

Scott O’Malia, ISDA – The Financial Crisis and Its Aftermath Standard

“When I first took the job, people said, ‘Scott, you know, it hasn’t been all that busy. You might want to think about getting a hobby.’ Well, the financial crisis hit. We had to implement Dodd-Frank. I had no need for hobbies. I had no time for hobbies.” In this MarketsWiki Education video, Scott O’Malia, CEO of ISDA and a former CFTC commissioner, breaks the aftermath of the great financial crisis into a three act play that parallels his career. First, O’Malia worked for a senator with a prominent role on the budget committee and helped with the initial legislative…

Steve Woodyatt, Object Trading – Blurring the buy and sell sides Standard

Over the last 10 years the buy and sell sides have undergone drastic shifts due to two main factors: unbundling and fragmentation. In this talk from MarketsWiki Education’s London event, Steve Woodyatt, CEO of Object Trading, discusses those two phenomena. Woodyatt details how unbundling and fragmentation are caused, to one degree or another, by regulation and competition. Whereas traditionally the sell side provided a whole host of services to the buy side, now the lines have been blurred and in some cases the buy and sell sides appear to have traded places. These service packages are essentially being “unbundled.” That…

Next Man Up: Tom Sexton Takes The Reins At National Futures Association With An Eye On Technology and Swaps Regulation Standard

For the markets and market regulators, the industry is all about technology. Tom Sexton, who was named president and CEO of the National Futures Association (NFA) last week , said the organization is focused on upgrading its systems to keep up with the changing market landscape. Sexton, who has been at the NFA since 1991 and will take over for current CEO Dan Roth in March, spoke with John Lothian News about his new role and what’s next for the organization. “Some of our technology is old and some of our systems are 10-plus years or older,” Sexton said. Among…