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Original and aggregated financial news video from 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.

2012 SEFCON III Highlights Standard

2012 SEFCON III

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted an annual conference on issues surrounding swap execution facilities (SEFs), a new type of financial transaction execution entity created by the Dodd-Frank Act. On November 13, 2012, John Lothian News Editor-at-Large Doug Ashburn attended the third such conference, 2012 SEFCON III. This video features…

European Swaps Perspective from Alex McDonald of the WMBA Standard

Alex McDonald

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Alex McDonald, CEO of the Wholesale Markets Brokers’ Association (WMBA), has his eye on both European regulatory reforms such as MIFID, MIFIR and EMIR as well as Dodd-Frank in the US. McDonald spoke with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III about the need for international standardization on OTC derivatives regulation, as well as the push in the Europe toward a single regulatory structure there and the capital requirements that come with it. The question for…

An Intro to IDBs and SEF Regulation from ICAP’s Chris Ferreri Standard

Chris Ferreri

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company’s hybrid brokered OTC solution. He was the first chairman of the Wholesale Markets Brokers’ Association Americas Inc. (WMBA Americas), and served again as chairman in 2012. Ferreri spoke with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III about the history of the interdealer broker (IDB) market, swap execution facilities (SEFs), and current issues surrounding SEF regulation related to the Dodd-Frank…

OTC Brokers vs. Exchanges and the Futurization of Swaps from Julian Harding of Tradition Standard

Julian Harding

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. The OTC markets are facing headwinds these days, says Julian Harding, executive director, Tradition. In an interview with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III, Harding says the decisions this fall by Intercontinental Exchange (ICE) and the CME Group to convert energy swaps into futures contracts has led power and gas commercial counterparties to switch their trading operations from OTC to futures. That’s bad news for the OTC space, which by some estimates has seen volumes…

Evolution of OTC Products and Regulations Across Jurisdictions from Shawn Bernardo of Tullett Prebon Standard

Shawn Bernardo

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Shawn Bernardo is a senior managing director at inter-dealer broker Tullett Prebon and a founding member of the Wholesale Markets Brokers’ Association Americas (WMBAA). As an early developer of electronic market systems, including both Cantor Fitzgerald’s eSpeed and ICAP’s BrokerTec, Bernardo has a unique perspective on the transition to electronic markets and the need for voice services in some markets. In an interview with John Lothian News Editor-at-Large Doug Ashburn at 2012 SEFCON III, Bernardo also discusses the dangers of…

Chris Giancarlo of GFI Group Discusses the Need for Regulatory Balance Standard

Chris Giancarlo

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Chris Giancarlo, executive vice president, GFI Group worries that US regulation may not be balanced, and that it is mismatched with non-US markets. One area in particular that concerns him is on voice broking of OTC derivatives. Though the CFTC has pushed hard for more electronic execution of OTC trades in its Dodd-Frank Act rulemaking, Giancarlo says many of these types of transactions are illiquid and best done as voice negotiated transactions. In an interview with John Lothian News…

Confirmations: Made in China Standard

Confirmations: Made in China

Gary DeWaal, group general counsel at Newedge, noted that Peregrine Financial Group (PFG) was able to dodge regulatory audit checks of its customer segregated funds for more than 20 years. DeWaal says that simply wouldn’t happen if the US adopted the system used in China’s futures markets called  the China Futures Margin Monitoring Center Co. Ltd. (CFMMC). In November 2012, the National Futures Association and CME Group did just that, hiring AlphaMetrix to take on the job of confirming the money FCMs say they have in their segregated accounts, with money that is held at the bank. In this video, a…

Todd Fulton of Pioneer Futures on CTA Fees, Capacity Caps and Managed Futures Mutual Funds (Part 2/2) Standard

Todd Fulton

Todd Fulton, vice president, managed futures at Pioneer Futures, has been around the CTA space for more than 20 years. In Part 2 of our conversation,  he spoke with JLN Managed Futures editor Jim Kharouf about emerging managers’ impact on the managed futures space as well as the effect of capacity caps have on various funds. He also  discussed how flexible CTAs can be on fees. Fulton says some clients can get ‘zero and 25’ fee structures. And he discussed the potential for managed futures mutual funds, the plusses and questions that still remain for that product. Also see: Todd…