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Category Archives: Video

Original and aggregated financial news video from John Lothian News.

UChicago Midwest Trading Competition: The Next Generation Gets a Taste Standard

On April 8, the University of Chicago hosted its fifth iteration of the Midwest Trading Competition, drawing 102 students from some of the most prestigious colleges and universities across the United States and Canada. The students got a chance to test their algorithms using Trading Technologies’ TT Platform in a variety of simulations involving pairs trading and options market-making. But the event was more than just a fun way for smart kids to strut their stuff using real-world technology and market data. It was a rare networking opportunity for the students and sponsors — some of Chicago’s biggest prop shops…

GreenKey CEO Focused on Using the Cloud for Next-Gen Voice Broking Data Standard

For years people have been predicting the demise of voice broking, but to a great extent what has happened is smaller voice broker desks are doing the same amount of work. This calls for more efficiency and a creative use of technology, according to Nader Shwayhat, the CEO of Green Key Technologies. Since the company began, GreenKey has focused on combining voice and data, and in 2017 they plan to start extracting data within voice conversations and integrating it into customers’ screens. For the most part, Shwayhat said, only about 10 percent of the information from voice conversations ever makes…

Paxos using blockchain to fix problems in capital intensive businesses Standard

Charles Cascarilla, CEO of the fintech company Paxos, says the current way of dealing with back and middle office post-trade processes is too manpower-intensive and is hindering businesses. He believes blockchain is the solution to some of the problems affecting capital-intensive businesses. Since the financial crisis, exchanges have eliminated 10 percent of costs out of the front office but only five percent out of the back and middle office, because firms are using old technology, Cascarilla said. Enter blockchain, a distributed ledger that lets everyone use a shared books and records system, getting rid of the need for different firms…

Next Frontier: NEX Group’s Michael Spencer Says The New Firm In Position To Capitalize On Trading And Technology Standard

With the sale of the ICAP voice brokerage business in December 2016, NEX Group was born, or perhaps, re-born. The re-booted NEX is composed of electronic OTC interest rate and FX markets, a listed exchange, plus a group of technology firms for pre- and post-trade services, as well as a venture capital firm focused on fintech. NEX CEO Michael Spencer spoke with John Lothian News at the FIA Boca conference about the newly formed company which he described as a “technology focused series of assets.” By that he means NEX still operates four main business units: NEX Markets, which runs…

JLN Exchange Leader Series 2017: LME’s Chamberlain on Ambitious Deployment Schedule Standard

The London Metal Exchange is in flux after the departure of CEO Garry Jones at the beginning of the year. That leaves interim CEO Matt Chamberlain with structural problems to address and a “hugely ambitious” deployment plan for 2017. In this JLN Exchange Leader Video, Chamberlain outlines these plans and the existential issues facing the exchange. The highlight for LME in 2016 was LME’s steel scrap and rebar contracts. Introduced in late 2015, the contracts picked up traction in 2016.  LME wanted to avoid shoehorning new products into their preexisting contract format. The steel contracts were a departure from the…

JLN Exchange Leader Series 2017: Romnesh Lamba – Finding Opportunities in HKEx’s Relationship with China Standard

For Hong Kong Exchanges and Clearing (HKEx), the biggest initiative in 2016 was the launch of Hong Kong-Shenzhen Connect, a trading link designed to give foreign investors greater access to shares listed on the Chinese mainland.  Hong Kong-Shenzhen also joined with the Shanghai-Hong Kong Stock Connect, so there are now “four pipes – two going Northbound, with international investors trading Chinese equities, and two more coming Southbound,” Romnesh Lamba, co-head of market development at HKEx, told John Lothian News at FIA Boca 2017. “Volumes associated with that program have really picked up,” Lamba said. “They are almost triple the levels…

JLN Exchange Leader Series 2017: SGX’s Syn Says Trade Barriers Mean Opportunities for Offshore Exchanges Standard

Singapore Exchange’s Michael Syn says that when economic barriers to trade come down, offshore jurisdictions like SGX can benefit by showing their worth for hedging exposure. The “big three” Asian markets – India, Japan and China – taken together account for about 25 percent of world GDP and 40 percent of world population. But each is regulated very differently and therefore the elements of risk in those countries will not be proxies for each other, Syn said. Each will behave in a distinct way. This makes it difficult for investors to hedge risk among them, which is where SGX comes…

JLN Exchange Leader Series 2017: LSEG’s Hackett on a Clear Path Forward Standard

In just a few years, London Stock Exchange Group has doubled its US headcount to nearly 500 employees. That’s just one indicator that LSEG is doing well across a variety of its operations. Ali Hackett, USA Country Head for London Stock Exchange Group, spoke to JLN about the importance of the customer in continuing LCH’s expansion. Since the financial crisis, regulators have adopted rules that have pushed clearing and trading onto exchanges. But there is still a demand from clientele for innovative solutions in the realm of non-cleared derivatives. “As far as we’re concerned we really want to help the…

Mathematical Statistics and Data Science at KTH: What Are We Working On and Why? – Pierre Nyquist, KTH Standard

“If we think about the quantitative side, I probably don’t have to convince you that probability theory and mathematical statistics are both fundamental in this area. You cannot really do quantitative finance without basing it in some way in probability and statistics.” In this MarketsWiki Education presentation, Pierre Nyquist, a professor at the Royal Institute of Technology (KTH) in Stockholm, decided to answer: How can mathematical statistics and computer intensive methods be integrated with advances in technology? Nyquist emphasized three terms: mathematical statistics, computer-intensive methods, and machine learning, and said that if you remember nothing else, recognize that they are…