Video series brought to you by OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered low volatility, Nasdaq’s proprietary product suite and capital requirement issues. Produced by Mike Forrester Interview by Spencer Doar
Category Archives: Video
Original and aggregated financial news video from John Lothian News.
CloudMargin, a cloud-based collateral management platform, spent 2017 acquiring new clients, including two tier one institutions. In 2018, CloudMargin wants to double its client list from 50 to 100 firms. According to CloudMargin CEO Steve Husk, banks can spend $1000 a year managing and maintaining each of its credit support annexes (CSAs) – CloudMargin’s technology brings that number down to around $100. In this video from JLN’s annual series with industry leaders, Husk talks about more goals for CloudMargin and why the company doesn’t do bespoke solutions. Produced by Mike Forrester Interview by Jim Kharouf
It was summer 2015 when FIS announced it was acquiring SunGard. Nearly three years later, FIS and SunGard are integrated, and according to Andrew Whyte, group president, post trade services at FIS, the firm can now concentrate on revamping its tech. In this video from JLN’s annual series with industry leaders, Whyte lays out the three areas of focus for FIS.
Ten years ago, SIX Group was formed in a merger between SWX Group, Telekurs Group and SIS Group, creating a new vertical business model. Urs Rüegsegger, chairman of SIX Swiss Exchange, helped lead that transition and growth as CEO of the exchange for nine years before stepping down last December. JLN’s Jim Kharouf sat down with Rüegsegger at the WFE’s IOMA Conference in Chicago to talk about how SIX and its clearing business has grown over the past decade. SIX Group’s exchange, clearinghouse and other business lines, including credit card transaction processing, have grown steadily over the past decade. Its…
Nandini Sukumar took the reins as CEO of the World Federation of Exchanges in 2015. Under her leadership, the 57-year-old organization has been revitalized and its membership now represents more than 200 market infrastructure providers. She spoke with JLN’s Jim Kharouf about how WFE approaches key issues facing exchanges, clearing houses and other market participants. She said one of the organization’s main points of focus, now 10 years since the 2008 financial crisis, is maintaining trust in the exchange space. Produced by Mike Forrester
The OCC didn’t always position itself as a thought leader in the derivatives industry, but as exchanges’ business interests shifted over the years to multiple asset classes, OCC is one of the few organizations left that can bring its focus solely to bear on equity options. In this video, OCC CEO and Executive Chairman Craig Donohue talks about the evolution of the OCC and the Options Industry Council.
It was back at the turn of the century that Tony Saliba founded LiquidPoint, the broker-dealer known for its options execution management technology that at one point executed a fifth of daily options volumes. LiquidPoint would eventually be sold to ConvergEx Group in 2007, which in turn would spin off LiquidPoint to Dash in 2017, forming Dash Financial Technologies. Saliba remained with LiquidPoint through 2014. Saliba said he swore he’d never get back into the broker-dealer space, but in 2018 it was announced he was launching Matrix Executions, a multi-asset broker dealer serving both the buy and sell-side. It’s a…
The OCC has a number of regulatory initiatives it would like to accomplish in the coming years, and in this video Craig Donohue, OCC executive chairman and CEO, talks about two key calculations that need changing. First, regulators need to adopt a risk weighted asset calculation that better reflects the true exposure of a clearing member firm. Second, the OCC wants to make sure that the supplemental leverage ratio includes customer initial margin. The OCC is working on potential interpretive relief or narrowly tailored rulemaking in the interim to help ease the burden. Produced by Mike Forrester