Breaking News

Tag Archives: ABN AMRO

ABN AMRO Loves Fidessa Blog,Commentary,Fintech,Mwiki,Tech / HFT

The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC. He is driving this installation and rollout of Fidessa’s systems at ABN. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said on Monday from London in a telephone interview. He noted Fidessa has previously…

Cohn Says Clearinghouses Could Create New Systemic Problem; EU and US agree to accept each other’s derivatives rules John Lothian Newsletter,Newsletter

First Read Hits & Takes Jenny Knott stepped down as CEO of NEX Optimisation. FIA is hiring two people for its communications department: a director of communications working with senior management to develop, implement and coordinate our overall press and public relations strategy and thought leadership; and a director of editorial services managing member and industry communications, the production of editorial content and the delivery of that content to multiple audiences across multiple channels. More information is available HERE.~JJL Registration is now open for CMC’s annual State of the Industry Conference in Miami Beach — January 28-30, 2018~JJL Asia Pacific…

A Reflection on a Life, Its Influences and the Trading Floor Blog,Commentary

John Lothian

I learned recently a life-long friend was diagnosed with pancreatic cancer.  My friend and former Wisconsin neighbor is older than me.  In fact, at one time he was my  babysitter.  As I learned yesterday the CME would shut down most of its futures trading pits, his story came rushing back to me. He was one of the young men from Southern Wisconsin who found a way to the Chicago futures markets in the early 1980s.  He knew many traders from around the lake, just like the CME Group’s Terry Duffy and CQG’s Pat Kenny did. His sister, who is married…

John Ruth, CEO – ABN AMRO Clearing Chicago – Career Builder Video

“If you want to get noticed in your organization, be someone who can solve problems.” It’s your first day at a new company. You have yet to learn the ropes and you need to get yourself acquainted with the basics. You’re not ready to make an immediate impact on your organization, right? Wrong. John Ruth, CEO of ABN AMRO Clearing Chicago, believes that everyone in an organization – from interns and new hires to the company’s established veterans – can make a positive impact. Ruth says that problem solvers are extremely important assets for an organization. Those are the people…

JLN Options: FOA and FIA Announce Agreement to Combine Organisations under Global Structure Newsletter,Options

Lead Stories FOA and FIA Announce Agreement to Combine Organisations under Global StructurePress Release (FOA and FIA)The Futures and Options Association and the Futures Industry Association today announced an agreement in principle to combine their two organisations under one global structure and brand called FIA Global.Under this agreement, FIA—with its affiliate FIA Asia—will form a confederation with FOA under FIA Global.http://jlne.ws/147xCfD (PDF)FAQs on FOA and FIA Affiliation: http://jlne.ws/13VRMKS (PDF) Equity Volatility Surges Globally Amid Record Futures: OptionsCecile Vannucci and Nikolaj Gammeltoft, BloombergBusinessweekStock volatility jumped around the world, with the U.S. benchmark gauge surging the most in two months, after speculation…

Who Wants In? Commentary,Regulation,Tech / HFT

Ticket Seller

On October 30th, the day before MF Global declared bankruptcy, I (John Lothian) wrote an email to some industry leaders expressing my strongly-held belief that there would be no deal to buy MF Global. The biggest reason was that there “has not been any player in recent years that has come into the futures brokerage business and acquired companies with MFG’s model and proven successful,” I wrote. The futures commission merchant (FCM) business model is broken, with no better example than by the struggles of MF Global.  It is hard to earn profits when a major revenue input to your business model includes interest…