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Tag Archives: Asean

ICE to ‘Go West’ with Chicago-to-Tokyo network; Tulip Fever: There’s a Digital Token for That John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Kevin Wolf, formerly of ViableMkts and Eris Exchange, is now U.S. head of FICC at Euronext. ~JJL Jim Gorman, formerly of Modern Market Initiative and BATS, is now director of Media Relations and Internal Communications at Mizuho Americas. ~JJL Xavier Rolet of LSE has written a piece for the FT titled “Europe’s debt bias chokes small business and job creation.” ~JJL Marketing guru David Kelbaugh is the featured speaker today from this summer’s Chicago sessions of MarketsWiki Education World of Opportunity.~JJL The CME Group’s Emini Russell 2000 futures had volume of 120,559…

John Lothian Newsletter: HKEx Names New Heads of Global Markets; Regulators Give Ground to Banks; Bourses on road to pan-Asean exchange John Lothian Newsletter,Newsletter

Hong Kong Exchanges names Romnesh Lamba and Martin Abbott to be co-heads of global markets. The Basel Committee on Banking Supervision backpedals on capital cushion levels after a couple of years of bank opposition to the new rules. Thailand’s stock exchange continues to work to gain support for a network of exchanges connected in the ASEAN region.

John Lothian Newsletter: Australian Exchange Chief Criticises HFT; Money-Laundering Inquiry Said To Target U.S. Banks; ASEAN Link Lures Retail Investors To Boost Trade John Lothian Newsletter,Newsletter

The leader of Australia’s ASX says high-frequency trading is inherently dangerous, and he doesn’t much fancy the exchange model of depending on its high-volume presence for survival. A money-laundering probe is taking shape in multiple agencies, targeting a number of American banks that may have allowed sloppy money controls to help criminal enterprises hide their cash. The ASEAN link between Malaysia and SGX goes live today, raising hopes of better trade in that region from the network.

John Lothian Newsletter: Switzerland seeks tighter off-exchange oversight; Asean bourse link set for September launch; Chinese Banks Funneled Money to Iran, Prosecutors Believe John Lothian Newsletter,Newsletter

Switzerland’s financial regulators shift closer to a US perspective, and plan to exert more control over private derivatives trading.  A multi-market data link receives regulatory approval in Asia, setting the Asean connection on a path to go live in September.  In the latest chapter of the thriller, “Who Sneakily Sent Money to Iran?” prosecutors believe that Chinese banks may have also been involved.  In today’s First Read, you’ll hear about the upcoming annual Cantor Fitzgerald and BGC Partners charity day; and former JLN summer intern Stephen Hurst considers the cloudy skies facing aspiring bankers and financial workers.