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Category Archives: JLN Subgroups

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D is for Data: FinTech Exchange Standard

The sold-out FinTech Exchange conference, hosted by Barchart, was largely about data – what to do with data, how exchanges are capturing new data and how to trade it. That, on its surface, isn’t particularly new. But the infrastructure to capture all kinds of data is now developed. The CME Group’s Julie Armstrong Menacho colorfully outlined how the exchange has migrated all of its historical data onto the cloud, giving customers greater access to it, along with a growing list of partners who provide alternative data sets like satellite images of oil storage facilities or social media sentiment. CBOE’s Catherine…

The future of futures markets: Exchanges looking to fail fast Standard

Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations of prototypes,” Preuss said. “In the world I am aiming at, the business IT and operations…

Testing the Waters: Blockchain Technology is Edging into the Exchange Space Standard

By now, the hype surrounding digital ledger technology has subsided into reality. The reality, however, is that initial blockchain-based solutions are on the way. The hysteria that blockchain was going to be the big disruptor that puts clearinghouses out of business is essentially over. What is sprouting up instead are some interesting projects that are much more targeted at markets and sectors that beg for technological advancement. At the IOMA: WFE Conference in Frankfurt, Anton Govor, managing director and head of strategy for Moscow Exchange Group said the exchange has developed a working digital ledger-based proxy voting product. It is…

Jim Oliff is Good to Go Standard

When Jim Oliff resigned from the CME Group board a couple of weeks ago several friends reached out to him to check on his health. They figured such a sudden exit from the CME board of directors after 31 years must be because of a health problem. That is not the case. Jim Oliff is healthy, wealthy and wise. The wealthy and wise parts are a combination of being a CME member and having earned a wealth of experience and industry knowledge from his years as a key insider at the CME during its ascendency over the last 30+ years….

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…

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: 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…

CloudMargin gains traction: Remote processing and storage is here to stay in financial services Standard

 There is no more room for doubting the cloud. Regulators have become acclimated to the concept of remote processing power and clients have been reassured as to its safety. Now the value proposition is laid bare and the current rate of adoption appears to be entering exponential mode. For 3-year-old collateral management firm CloudMargin — whose offering handles margin requirements across multiple counterparties for multiple asset classes —  the embrace of cloud technology helped it grow its client base by 50 percent so far in 2017 to more than 30 asset managers, insurance agencies, banks and brokers, utilizing a network…

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….