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Category Archives: Exchanges, OTC & Clearing

Top news from exchanges, clearing, settlement and trade execution facilities

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….

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…

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….

More power to ‘em: Nodal acquired by EEX Standard

The UK doesn’t want ICE to have Trayport. The LSE/Deutsche Boerse deal looks dead in the water. But in one neck of the exchange woods — power — all parties appear happy. Last Friday, the energy exchange EEX (part of the Deutsche Boerse empire) agreed to buy the U.S. based Nodal Exchange in an all-share deal, instantly turning the franchise global. “What’s perfect about this acquisition in some respects is that we do very much similar things — they serve the power markets in Europe and we serve the power markets in the United States — and yet we don’t…

The Most Popular Stories of 2016 on JohnLothianNews.com Standard

As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…

Head East: TT’s Robbie McDonnell Sees Opportunity In Asia As Never Before Standard

It’s gonna be a good year after all for Asia’s markets. Robbie McDonnell, Trading Technologies’ executive vice president of global sales, who returned to Asia full time in recent months, said the region got a nice volume bump in November but the real growth is soon to come for a region that is implementing new technology, new partnerships and more ways to increase trading flows East to West. Let’s start with the numbers, as 2016 was shaping up to be a down year for Asian derivatives markets. The Asia-Pacific group of exchanges as a whole were down 8.6 percent over…

Women Rising To The Top: Chitra Ramkrishna, Adena Friedman Take Top Roles In The Exchange Space Standard

There was another historic election this month, this one at the World Federation of Exchanges’ annual meeting in Cartagena, Colombia. The WFE elected the first female chair in its 56-year history. Chitra Ramkrishna, managing director and CEO of the National Stock Exchange of India, will serve as WFE chairperson for the next two years. She succeeds Juan Pablo Cordoba, CEO of the Bolsa de Valores de Colombia. She is also the first woman to head up an exchange in India, beginning in 2013, and has been a pioneer in helping develop India’s capital markets. Neither is a small feat. Ramkrishna…