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Tag Archives: asia

New Captain: SGX’s Boon Chye Navigates Tough Asian Markets Financials,Interview

Loh Boon Chye took the reins as CEO of Singapore Exchanges (SGX) in July. A former SGX board member and Bank of America Merrill Lynch’s deputy president and head of global markets in Asia Pacific, he said there is much opportunity for the exchange to grow, and perhaps even benefit from the competition that has moved in around him from ICE and others. Boon Chye spoke at SGX’s headquarters with JLN Editor-in-Chief Jim Kharouf about his management style, the game plan for the exchange going forward and just where SGX fits in the global market landscape. Q: You took the…

Brand New: LME’s Jones Says Exchange Is Set For Growth, 2 Ways Interview,Regulation,Tech / HFT,Video

London Metal Exchange had quite a year in 2014. From its integration into the Hong Kong Exchanges & Clearing, launching its own clearinghouse, and addressing the metals warehousing problems, LME has the pieces in place for expansion. Garry Jones, CEO of the LME spoke with John Lothian News about the exchange’s focus on China and the potential for new products in the coming months. LME launched its own clearing house last September and has brought its technology in-house, under the HKFE. All of that has added staff to LME, tripling its payroll over the past three years, as well as…

Connecting: HKEx’s Li Said It Will Help Connect To China’s Trillions Interview,Tech / HFT,Video

Hong Kong Exchanges and Clearing is all about connecting. HKEx’s CEO Charles Li says his exchange is the linchpin that connects mainland China’s markets with the rest of the world. Li, who spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, said his exchange is about strategic positioning with China and taking advantage of the explosive growth it sees, especially with the London Metal Exchange firmly integrated into its business. “Our job is to find a way to make that connection,” Li said, of China, “the largest pool of capital that is yet to be globally…

East and West: CME’s Gill Looks For Growth in Asia and Europe Interview,Regulation,Tech / HFT,Video

Forget the doom and gloom of years past in the markets. CME Group had a great year in 2014, even with the ongoing headwinds from the Fed’s ongoing freeze on interest rates and more regulation hitting the market-base, said Phupinder Gill, CME’s CEO, at the FIA Boca conference. “We saw double digit growth in fourth quarter across all six of the asset classes,” Gill said, adding that the exchange ended up handling about 13.7 million contracts per day for the year. “I’m very pleased to see that momentum from the fourth quarter continue into the first quarter of this year.”…

Exchange CEO Series – Singaporean shift: SGX’s Magnus Bocker says region is primed for growth Interview,Regulation,Video

SGX CEO Magnus Böcker has seen tremendous growth at his exchange over the past year and the Singapore market is poised to expand further in the coming year. Böcker, who sat down with JLN editor-in-chief Jim Kharouf at the FIA Boca Conference this month, said SGX has increased its derivatives volume 40 percent in 2013 and is exploring a host of new partnerships and initiating new product launches. He said that competition is wide open in Asia, unlike other developed markets where the battle over contracts, marketshare and services is a battle on each front. “When we look into competition…

Asia: Pieces Falling Into Place Financials,Metals,Options,Regulation,Special Report,Tech / HFT,Video

JLN Special Report - Asia: Pieces Falling into Place

Talking about Asia often leaves professionals from those regions a bit tongue-tied. When JLN decided to do a special report talking about Asia, many of those experts had the same question: “Which country? Asia is a big place.” Indeed, talking about Asia is difficult, given the number of markets and regulatory differences, not to mention geographic distance between various Asian financial centers. The debate still goes on over which one or two or three are the most important in the region. Some say Japan, while others discuss Hong Kong’s status. Others like the positioning of Singapore. And this doesn’t include…

John Lothian Newsletter: NYSE Euronext Plans New Derivatives Market For Retail Traders; Fears grow in Asia over US swaps rules; CFTC Deals Out Royal Pain John Lothian Newsletter,Newsletter

NYSE Euronext announces plans to start up a contract-for-difference electronic, web-based market in Europe. Asian banks and regulators are growing uneasy over the future of clearing business, given potential new US swap rules. The CFTC levels its sword of justice at Royal Bank of Canada, alleging a massive wash sale scheme. NYSE Liffe gets a new Chairman; the cocoa industry loses a veteran pod counter; and several banks announce significant shifts to their management structure. Lots of March volume statistics to peruse from exchanges around the world. Need more? The top box has a MarketsWiki.tv interview with Mary McHenry of…

Asia-Pacific grabs the top spot Blog

By John J. Lothian Well, it’s happened. The West isn’t the center of the derivatives universe anymore. In a year where China surpassed Japan as the second largest economy in the world, the Asia-Pacific region is now the largest for exchange traded derivatives. The Asia-Pacific region surpassed North America as the largest market for exchange traded derivatives volume for the first time, and accounted for 37.5 percent of the global exchange traded derivatives volume in the first half of 2010, according to today’s mid-year volume report from the Futures Industry Association. The region collectively traded 4.2 billion contracts, up from…