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Category Archives: JLN Subgroups

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How Do You Save the Capital Markets? Standard

Kennedy Looks to Lead Market Revamp Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the financial markets so they stay the envy of world capital markets.  And there is…

FinTech Exchange: Haraburda Says Alternative Data the Next Step Standard

How big is your data set? Mark Haraburda, CEO of Barchart, which hosts the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and innovating in new ways. “This year the event has been focused on data, the way data is delivered, the way data is stored, the way data is analyzed and visualized as well as the new types of data in the alternative data space,” he said. Haraburda and Barchart see a lot of potential in the alternative data space, especially in the types of data derived from satellite imagery. Everything from agriculture production…

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…