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Category Archives: EMEA

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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…

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…

John Lothian: Whistleblowers Are Poised to Collect $100 Million; UK government bonds turn negative in historic rally; London Metal Exchange earnings drop as activity declines Standard

First Read MarketsWiki Education Video Update Yesterday we started on Day 2 of our MarketsWiki Education series from Chicago, and we started off with a bang. The usually low-key Jeff Levoff, partner at DRW gave a rousing and thoughtful presentation on the company’s philosophy, the role of proprietary traders and how that is changing. As this was a version of the talk he gives on college campuses across the nation, it was, shall we say, well received. Also, look below the video for a list of the presentations we have published thus far. We have a lot of fantastic presentations…

John Lothian: CFTC Announces Enhancements to Protect Customer Funds; London market to get new gold futures contracts; Bats Europe targets block trades ahead of Mifid II Standard

First Read Yes, Precious Doug Ashburn, JLN Sometimes the best ideas are worth waiting 139 years for. This morning the World Gold Council and the London Metal Exchange, together with a consortium of banks, announced a planned launch of LMEprecious, a new platform for spot, daily and monthly futures, options and calendar spread contracts for gold and silver, with platinum and palladium planned for down the road. This will mark the second attempt at a gold futures contract at the 139-year-old LME. The previous one, London Gold Futures Market, launched in 1982 and never really caught on. It was shuttered…

John Lothian: Trading Tech Accelerates Toward Speed of Light; PwC must face $1 billion MF Global malpractice lawsuit; Bitcoin Exchange to Spread Losses of Hack Standard

First Read Bits & Pieces By John J. Lothian Nick Notorangelo of Riskbone is a hero. He helped save a young man’s life last week after the 27-year old man had been shot in the neck during an apparent drug deal in the Lakeview neighborhood on Chicago’s north side. Here is the story. Nice work Nick! CME Group’s Trading Tech 300 merit badge program offering the law and technology merit badges was a big success. CME Group Chief Intellectual Property Counsel and merit badge instructor Matthew Kelly, and some associates, did a great job with the classes. It was a…