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Category Archives: Asia/Pacific

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Asia Pacific Financial News from John Lothian News – July 31, 2017 Standard

Lead Stories Today we share with you the remembrances of several industry colleagues of the late Magnus Böcker on his life and the impact it had on them and our markets. We hear from Craig Donohue of OCC, Sutat Chew and Michael Syn of SGX, Adena Friedman of Nasdaq, Walt Lukken of the FIA, Nandini Sukumar of WFE, Phupinder Gill (formerly of CME Group), Nils-Robert Persson of Cinnober and Terry Duffy of the CME Group.~JJL Waldorf Owner Pressured to Sell as China Clampdown Escalates Bloomberg News China’s government said to ask Anbang to sell overseas assets; Insurer’s Waldorf purchase symbolized…

Financial Markets Leaders Remember the late Magnus Bocker Standard

I asked several leaders around the exchange world to offer remembrances of Magnus Bocker, the late former CEO of SGX. To start, I shall offer my own and add additional remembrances as they come in. I first met Magnus Bocker at a Deutsche Bank investment banking financial technology conference in New York where I had been asked to moderate an exchange leader panel. Magnus was then president of Nasdaq OMX. Also on the panel was Larry Leibowitz representing NYSE Euronext. Magnus was always gracious with me. He was likable, always smiling, whip-smart and well-dressed. In fact one year at the…

Asia Pacific Financial News from John Lothian News – July 27, 2017 Standard

Lead Stories The Liberty Times Editorial: Purges could spark financial crisis Taipei News The apparent mass exodus of business tycoons from China and Hong Kong that we have been seeing of late —Dalian Wanda Group chairman Wang Jianlin (王健林) taking his investment overseas, just as Hong Kong billionaire Li Ka-shing (李嘉誠) has been shifting his focus to Europe — have led to both men coming under considerable criticism online. https://goo.gl/1kCtPk Who should lead China’s new agency to fend off financial crises? Wendy Wu, Jane Cai – South China Morning Post China’s premier or a vice-premier should head a new government…

Asia Pacific News from John Lothian News – July 26, 2017 Standard

Lead Stories US state hopes to gain in rice market By May Zhou and Zhang Yuan in Little Rock, Arkansas | China Daily China’s recent announcement that it would open its market to US rice exports made the governor of Arkansas happy. https://goo.gl/Svodr1 China to turn all centrally owned giants into joint-stock firms by 2017 Reuters via CNBC China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets….

Asian Financial News from John Lothian News – July 25, 2017 Standard

Lead Stories HNA unveils New York-based charity as controlling shareholder; Acquisitive Chinese investor’s surprise revelation as lenders turn off taps JOYCE HO, Nikkei Acquisitive Chinese outbound investor HNA Group has openly disclosed its shareholding structure for the first time amid rising concerns that Beijing’s deleveraging campaign might choke lending to the company which has largely fueled its expansion through debts and collateralization. https://goo.gl/M6Feue Column: Time to OK Chinese investors’ controversial Chicago Stock Exchange deal Robert Reed – Chicago Tribune The time has come for federal regulators to approve a small but highly controversial local business deal — the purchase of…

Asia-Pacific News from John Lothian News – July 24, 2017 Standard

Courtesy of Wikipedia

Lead Stories Welcome to Xi’s Net: Where Politics, Porn and Pooh Are Forbidden Bloomberg News For anyone still wondering about China’s ability, or willingness, to control its people’s access to the internet, the past few weeks have provided some clarity. https://goo.gl/QzkVA3 Former rising star in Beijing faces corruption probe; Sun Zhengcai was tipped as a possible successor to President Xi Jinping Tom Hancock in Shanghai – FT A top Chinese politician tipped as a potential successor to President Xi Jinping is being investigated for graft, Beijing announced on Monday — eliminating him from the contest just months ahead of a…

Osaka Exchange of Japan Exchange Group Joins John Lothian News Sponsors Standard

First Asian Exchange Sponsor of John Lothian News John Lothian News is pleased to announce that the Osaka Exchange has agreed to become a Contributor Level sponsor of John Lothian News. Osaka Exchange (OSE) is the derivatives arm of the Japan Exchange Group (JPX) and widely known as the mother market of Nikkei 225 Futures and Options. OSE renewed its trading platform in July 2016 and trading is now available nearly 24 hours a day in its markets, which are some of the most liquid in the world. “We (Osaka Exchange-JPX Group) are excited to build the new relationship with…

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…

John Lothian: U.S. Stock Exchanges to Overhaul Process for Reopening Trading After Halt; Virtu Never Loses (Well, Almost Never); Will LME consolidate or fragment London’s bullion market? Standard

First Read Bits & Pieces By John J. Lothian This morning we are running the video interview we did with David Lehman of the CME Group about the Live Cattle contract changes the CME is proposing. Pending CFTC approval, the new delivery specs will go into effect later this month. We are also releasing the video from Walt Lukken’s MarketsWiki Education World of Opportunity presentation in Chicago from July. He gave not one, but two great mini-presentations – the first half as an introduction to the industry and the current state, and the second half as a few career tips…