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Original and aggregated financial news video from John Lothian News.

JLN Exchange Leader Series 2017: Durkin Says CME Growth Is All About Customers Standard

CME Group is proud of the diversity in its product lines – from a broad range of commodities to a full suite of interest rate, index and FX contracts. That range of contracts has allowed the exchange to “hit” consistent winners somewhere on the board, as markets move from one sector to another. Bryan Durkin, president of CME, told JLN at the FIA Boca 2017 conference, that energies, metals, interest rates and FX posted solid, if not record volumes last year. This year, they hope that diversity continues to pay off. “We really focused on our international footprint,” Durkin said….

JLN Exchange Leader Series 2017: Jeff Sprecher Says ICE Ready To Roll Out Data and Analytics To Meet The Demand For More Info Standard

The Intercontinental Exchange underwent some dramatic changes in 2016. With the purchase of Interactive Data at the end of 2015, ICE spent last year integrating that company along with several others, giving the exchange a major footprint in the data, analytics and research space. ICE Chairman and CEO Jeff Sprecher sat down with JLN at the FIA Boca 2017 Conference to speak about that push as well as what’s next for the exchange. “We spent a lot of our time integrating our data acquisitions, which were new to us, and finalizing the infrastructure that we have been building out for…

Attention To Detail: High Performance Requires Hard Work – Rolf Andersson, Goldman Sachs Standard

“I can’t stress enough the importance of being really good at software in one form or another, whether it’s managing, running projects or sponsoring projects.” Rolf Andersson of Goldman Sachs is a software architect, and he says that software is taking over the world. But all the competition out there is making it much harder to innovate than it was a number of years ago. You have to have a good idea, plus the stamina and expertise and experience. And a good team. Although there are a number of factors one has to take into account when designing software, such…

Everything You Always Wanted to Know About Blockchain But Were Afraid to Ask – Johan Toll, Nasdaq Standard

“Instead of having the financial economy we see today with a lot of intermediaries, local custodians and global banks, this could all be replaced by a peer-to-peer community. It’s a massive revolution that probably will happen to our financial industry.” Nasdaq’s Johan Toll became a blockchain expert almost by accident. In April of 2014 he sent an article about blockchain from a Swedish technology magazine around to his business unit, saying, “I think this is something interesting we should start looking into.” A couple of weeks later someone from sales called him and said he had a client who was…

Is FinTech a Threat to Banks? – Evelin Kaup, Nordnet Standard

“Yes, fintech is a threat to banks. It’s disturbing the industry – but for the better. It’s speeding up the banks so they need to adapt faster, and we need to run faster to stay around.” Evelin Kaup of Nordnet said the question of whether fintech is a threat to banks is being discussed at nearly every industry event these days. So far, the fintech companies have said yes while the banks have been saying no. But that may be changing. The threat from fintech companies is that they can offer what the banks’ customers want, but without all the…

Stockholm: The Origin and Global Leader of Transaction Technology – Peter Fredriksson, Baymarkets Standard

“The market has moved from transaction to a lot of other parts of the transaction chain – to pre-trade, post-trade, clearing and post-clearing.” Peter Fredriksson, CEO of Baymarkets, says OM, the company that eventually became Nasdaq OMX, basically invented transaction technology. In his view, Stockholm and more broadly, Sweden, have been pioneers in automating the financial markets and making them more efficient. Stockholm was even early in the exchange merger and acquisition space, paving the way for OM to acquire the Stockholm Stock Exchange. And that led to industry innovators like ORC (now Itiviti), Sungard (now FIS) and TriOptima (now…

Part 2: Next Big Trade: Richard Sandor Says Water Will Be THE Commodity This Century Standard

Richard Sandor changed the face of financial markets with the invention of interest rate futures in the 1970s and then changed the face of environmental markets with carbon markets in 2003. But he’s not done yet. Sandor, who authored his latest book called “How I Saw It: Analysis and Commentary on Environmental Finance”  told John Lothian news that water, medicine, even education are ripe for financial market innovations. And in his view, they aren’t that different. “I’m struck by how similar financial innovation is, independent of whether it’s a agricultural, financial, environmental good. They tend to be very similar if…

Vision: What Richard Sandor Saw And Still Sees In Carbon Markets Standard

Richard Sandor has seen just about everything in his career as the “father of financial futures.” From creating the first interest rate futures contract to founding the Chicago Climate Exchange, he tells it all in his latest book,  “How I Saw It: Analysis and Commentary on Environmental Finance”. He spoke with John Lothian News about just how far carbon markets have come since 1999. “It’s amazing to me, where we came from in the last two decades and during the period of this book, from 1997 or 1999 to 2005,” Sandor said. “What became a theoretical construct became a reality…

CME Group CEO Terry Duffy on Changes in Management Standard

Terry Duffy took over the reins as CEO of CME Group at the beginning of the year, but that was not the only change. In this video, Duffy discusses the new leadership and its aims. When Phupinder Gill retired, Duffy went from being chairman and president to chairman and CEO. The open role of president was filled by Bryan Durkin who previously served as the chief commercial officer. Sliding into the open CCO role was Julie Winkler, who had been a senior managing director in research, product development and index services. Julie Holzrichter’s title is still chief operating officer but…