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Original and aggregated financial news video from John Lothian News.

CEO Jorge Alegria on the Growth Potential for MexDer Standard

Jorge Alegria

Jorge Alegria, CEO of the Mexican Derivatives Exchange (MexDer), has seen his share of change since joining the exchange in 2003. The exchange has partnered with CME Group to offer its products on the CME Globex platform and vice versa. It also is set to launch its new derivatives trading platform in March. Alegria also sees an opportunity in its bond contract and the possible addition of commodities. In this interview with John Lothian, he also outlines the regulatory reforms in Mexico and their impact on the derivatives market.

CBOE CEO Bill Brodsky talks about stepping down after 15 years Standard

Bill Brodsky

Bill Brodsky, chairman and CEO of the CBOE, announced last month he was stepping down from his post in May 2013, and taking the role of executive chairman. He has held the top spot at the exchange since 1997 and was at the Chicago Mercantile Exchange for 15 years before taking over at the CBOE. Brodsky spoke with John Lothian about his decision, his successor Ed Tilly as well as the importance of separating the role of CEO and chairman in public companies. He also addressed some of the keys to the CBOE’s success over the past quarter century, the…

Protection Fund: Building a Better Piggy Bank Standard

Protection Fund: Building a Better Piggy Bank

Is there any protection for my futures account? That is the key question for futures customers today and quite likely, the answer is “no” or “not much.” While dialog and debate ranges on the type of customer protection fund or insurance that might or might not work, John Roe, co-founder of the Commodity Customer Coalition and principal at BTR Trading, says it is essential to restore customer confidence. In this video, Roe explains how protection for futures customers can be established with a small fund that ultimately will grow over time using a small trading fee. And, in the case…

Allan Schoenberg on the Evolution of CME Group’s Social Media Strategy Standard

Allan Schoenberg

Allan Schoenberg, Executive Director of Corporate Communications at CME Group, highlights new social media initiatives and describes how their social media strategy has evolved since they first created a Facebook page five years ago. In this conversation with JLN Publisher John Lothian, he explains how CME Group increasingly utilizes social media as a content distribution platform to discuss market issues with customers, partners and other stakeholders. Schoenberg cites relationships with BM&FBOVESPA, MexDer, Dubai Mercantile Exchange and exchange partners in Asia that help CME Group distribute regional, language specific content to unique international audiences. Specifically, CME Group has used Weibo.com (a…

Ratings: How Does Your Broker Rate? Standard

Ratings: How Does Your Broker Rate?

If you knew the financial health of your futures broker, would that help you decide which firm to work with? James Gellert, President and CEO of Rapid Ratings, says futures broker ratings could make for more informed retail and professional investors. Gellert explains how ratings of public brokers and voluntary ratings of private brokers would provide transparency for the FCM community and its customers. Rapid Ratings uses dozens of financial ratios, based on audited financial reports, to provide a score for each firm. In this video, a simple animation and interview with Gellert help explain broker ratings. Futures Broker Ratings…

CME Group’s Sean Tully Introduces Deliverable Interest Rate Swap Futures Standard

Sean Tully

Sean Tully is the managing director of interest rate futures products for CME Group, the world’s largest derivatives exchange. He recently led the development and implementation of CME’s Deliverable Interest Rate Swap Futures, a new type of derivatives product that aims to offer interest rate swap exposure, combined with the liquidity, transparency and margin efficiency of a futures contract. Tully is a 20-year veteran of the financial sector who, prior to joining CME Group in August 2011, led the fixed income trading group at German banking firm WestLB and, prior to that, spent over ten years as a derivatives trader…

Third-Party Custodians: Here, Hold On To This Standard

Third-Party Custodians: Here, Hold On To This

Futures customers are still wondering just how their money can stay protected in the case of a default by their broker. While some solutions are still in the concept stage, others are available right now. Horizon Cash Management’s Michael Markowitz explains the third-party custodian model, whereby customers set up and manage excess margin at a bank outside the brokerage firm. Third-party custodial arrangements are available now and could be one way to restore customer confidence. In this video, a simple animation and interview with Markowitz help explain the third-party custodian model. Third-Party Custodian Resources Third-Party Custodian on MarketsWiki (link) Michael Markowitz…

MarketFactory CEO James Sinclair Explores Trends in Foreign Exchange Market Structure Standard

James Sinclair is CEO and co-founder of MarketFactory, a financial technology company that provides feed handlers to the forex market. The company’s FX Aggregator product is a single API that connects to all sources of liquidity in the foreign exchange market, including ECNs, banks, brokers and futures exchanges. Sinclair has been a foreign exchange market expert for over 25 years, having spent several years as head of research and strategy at EBS, both before and after its 2006 acquisition by ICAP. He also spent 12 years as a vice president of Asia/Pacific at Citibank. Sinclair spoke with John Lothian News…

Finbarr Hutcheson of NYSE Liffe on Libor and Regulation in the EU Standard

Finbarr Hutcheson is the head of FICC Europe and co-CEO of NYSE Liffe along with Mark Ibbotson. Hutcheson recently visited the John Lothian News office and shared his thoughts on challenges the industry is facing, including the Libor situation and the outlook for regulation in the EU. He also hinted at some of the new initiatives – public and not yet released – that have been taking up his time.