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Category Archives: Fintech

A roundup of today’s market tech news and a look at tomorrow’s disruptors

Asia Pacific Financial News from John Lothian News – December 4, 2017 Standard

Lead Stories Asia To Stay World’s Fastest-Growing Region Through 2030; Asia should remain the world’s economic heavyweight for another 10 years. By Anthony Fensom – The Diplomat The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. https://goo.gl/ezD1pP China Likely to Overtake U.S. as Largest Importer Within 5 Years; Shift to a more consumer-focused economy causing the change, CICC researchers say Bloomberg News From iron ore to baby formula,…

Asia Pacific Financial News from John Lothian News – December 1, 2017 Standard

Lead Stories Trump puts talks to boost China economic ties on ice; Treasury’s David Malpass says Beijing is not liberalising economy as hoped Sam Fleming in New York and Shawn Donnan in Washington – FT Donald Trump’s administration has put its main programme for bolstering economic relations with China on ice as it complains about the two countries’ swollen trade imbalance, and says Beijing’s efforts to liberalise its economy have gone into reverse. https://goo.gl/mgZrfy   What’s in Asia’s New Anti-Terror Financing Group?; A recently formed working group is just the latest step taken by regional states to confront terrorism financing….

Putting on My Broker Hat About Bitcoin Standard

Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks ago, a former employer I have not seen in 10 years called me out in Coindesk.com for my bitcoin qualms. At the dinner table my son Robby opened up about owning not just bitcoin, but bitcoin cash, ether and monero. This is a full-fledged mania. As I was driving home last night and thinking about bitcoin (as opposed to…

Asia Pacific Financial News from John Lothian News – November 30, 2017 Standard

Lead Stories Australian Banks’ U-Turn on Misconduct Probe Is Bid to Cut Risk By Emily Cadman – Bloomberg Government sets up Royal Commission into alleged failings; Tight deadlines, strict terms may limit potential damage If you can’t beat ’em, join ’em. That’s the calculation Australia’s biggest banks and the government have made in deciding to cave in to pressure for a public inquiry into alleged misconduct in the financial industry. https://goo.gl/dqg9pn Is China’s Central Bank Losing Its Monetary-Policy Mojo?; The gap between policy and market interest rates is widening, throwing up challenges for the PBOC By Shen Hong – WSJ…

A New Exchange, a Different Asset Class and a Hearty Dose of Blockchain Standard

Madison Ave gets a new solution for buying and selling digital advertising (Editor’s note: For background on NYIAX and the state of the advertising business, see JLN’s You Look Mahvelous Dahling: “Mad Men” Ready To Walk The Exchange Red Carpet With Nasdaq.) Want to see a proper use case for the ever-buzzworthy blockchain? Look no further than NYIAX, an exchange for guaranteed advertising contracts that runs on Nasdaq’s technology and deploys the blockchain to track trades, positions and, in the end, streamline reconciliation. On October 10, NYIAX’s product went live and the exchange continues to line up publishers and advertisers…

Key points from CFTC Commissioner Quintenz’s fintech address Standard

CFTC Commissioner Brian Quintenz addressed ISDA’s Unlocking Value in Derivatives Markets conference in London yesterday and a few timely remarks were included (as well as some shout-outs to Galileo and Prometheus…). Regarding the crypto elephant in the room Of all the aspects of the Commodity Exchange Act (CEA), Quintenz brought up the provision that exchanges “may not list a contract that is readily susceptible to manipulation.” Ink has already been spilled on how thin some of the closing cash auctions can be on the crypto exchanges which these prospective bitcoin futures contracts will use in determining the underlying’s price. With…

Asia Pacific Financial News from John Lothian News – November 29, 2017 Standard

Lead Stories India Restores Faith in Capitalism; Handling bankruptcies right is key to reviving the credibility of India Inc. By Mihir Sharma – Bloomberg According to one of India’s most respected bankers, it’s a once-in-a-lifetime opportunity — a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process. Fortunately, Prime Minister Narendra Modi’s government, which has stumbled in some of its biggest policy moves recently, appears to be handling this particular challenge with both agility and…

Other Voices: An Open Letter on Bitcoin Futures Standard

A lot of ink has been spilled over bitcoin and its variants. Lately, the conversation seems to be focused on whether trading bitcoin futures is a good idea. For what it’s worth, my view is that it isn’t a good idea – it’s a great idea.  Consider the following;  The futures industry exists to facilitate the transfer of risk. What asset (if that is what bitcoin is) could be more in need of risk management tools? Applying rigorous risk management to bitcoin can only help stabilize and legitimize crypto-markets.  Bitcoin and all of its variants can benefit from some supervision….

Asia Pacific Financial News from John Lothian News – November 28, 2017 Standard

Lead Stories Banks invited to work on Great Wall’s $2bn Hong Kong float; Asset management company tasked with cleaning up China’s bad debt plans IPO for 2018 Don Weinland in Hong Kong – FT China Great Wall Asset Management has asked banks to pitch for work on a Hong Kong initial public offering that is expected to raise at least $2bn for the company tasked with cleaning up China’s bad debt. https://goo.gl/CkHtMW Behind Abe’s Biggest Reform Win, Old Japan Inc. Culture Lives On By Keiko Ujikane and Takako Taniguchi – Bloomberg Some stock buybacks are linked to companies’ foundations; ‘Isn’t…