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Tag Archives: Bank of England

JLN Financials: Bank Of America Says Fed Needs To Test Interest On Reserves Power; The ECB’s second funding offer: Thanks but no thanks; Russia hikes interest rates; Greek euro fears hit markets again Financials,Newsletter

First Impressions Pipelines: Nick Solinger talks market infrastructure for SEFs JohnLothianNews.com It’s been a historic year for swap execution facilities as more were launched in the wake of Dodd-Frank rulemaking by the Commodity Futures Trading Commission. Nick Solinger, head of product strategy and chief marketing officer of Traiana, said that its been a good year for firms getting connected to SEFs and for SEFs getting off the ground. The firm connected 16 FCMs to 16 SEFs with six more on the way. “The typical FCM has been able to clear, three, four, five, six different venues with that one connection…

John Lothian Newsletter: State Street set to begin trading futures for rival institutions; BOE Suspends Staff Member in Forex Probe; GBP75 Trillion Payment Systems Industry To Have New Regulator John Lothian Newsletter,Newsletter

First Read The Snow Takes Its Toll John and many thousands of others are taking their time on the way to work today, enjoying the delightful new snow and expressing their gratitude at having been chosen to receive another generous helping of the stuff. He’ll return tomorrow for commentary; meanwhile, ***JM will throw in a few today to brighten your day even further. ++++ CME Group’s turn to move into Asian commodities markets Chiara Milioulis – Medill Reports Chicago It’s now the “Merc’s” turn to make a move. CME Group Inc., locked in a race to extend its global footprint…

JLN Financials: Hair of the dog risks a bigger hangover for Britain; The Treasury power play; Stock funds worldwide attract $11.5 bln after record outflow Financials,Newsletter

First Impressions Readers of JLN Financials who also receive the John Lothian Newsletter have already heard about our new market education initiatives, specifically the intern series we hosted last summer. We are now rolling out the video from those events. Today we published a two-part video talk by futures industry ambassador Leo Melamed. Please watch part one below. Leo Melamed’s History of Chicago Markets (Part 1) Leo Melamed, Chairman Emeritus at CME Group, gives a detailed history of Chicago’s financial industry. In Part One of his presentation, Melamed highlights his meeting with former Chicago Mayor Richard J. Daley. While discussing…

John Lothian Newsletter: ICE warns of trading flight away from Europe; Bank of England to Investigate FX Manipulation Claims; Deutsche Börse buys minority stake in Bondcube John Lothian Newsletter,Newsletter

First Read Repository Story: Jonathan Thursby Discusses CME Group’s SDR Services JohnLothianNews.com The Dodd-Frank Act in the U.S. and EMIR in Europe introduced new data reporting requirements. Exchanges like CME Group have long been experts in processing and disseminating data to market participants. But regulatory reporting of swap data brings its own challenges. John Lothian News Editor-at-Large Doug Ashburn spoke with Jonathan Thursby, executive director and chief operating officer of data repository services at CME Group, about its repositories in the U.S. and Europe, and their philosophy and approach to repository services. Watch the video » ++++ Help The Jennifer…

John Lothian Newsletter: Commodities traders take aim at rule to limit speculation; EU rules to light up derivatives markets set for shaky start; BOE Told About Foreign-Exchange Behavior, Trader Says John Lothian Newsletter,Newsletter

First Read Monster Volumes: Jon Najarian Says Weeklys Are Powering Options Volumes JohnLothianNews.com US options volume reached its second highest level in 2013 but can it continue to grow in 2014? Jon Najarian, co-founder of OptionMONSTER said the key drivers for the options industry are: weekly options, a strong economic recovery and continued demand for more options education. “The two biggest things driving volumes in options, or at least holding them, are weekly options,” said Najarian, who is also a regular contributor on the markets for CNBC. “As we get more weekly options, there is more turnover because of course…

JLN Financials: I.M.F. Shifts Its Approach to Bailouts; Firms Take Advantage of China’s Murky Interbank Market; Surfing central banks in a benign ‘QE trap’ Financials,Newsletter

First Impressions Gone Tomorrow, Here Again After Jon Matte In honor of the US holiday on Thursday (“Premature Shopping Day” – or, as it used to be called, “Thanksgiving Day”), John Lothian News will be closed, and that means no newsletters. But never fear, on Friday JLN, JLN Financials and JLN Options will be back in action. Meantime, to those of you who have a day off, our best wishes for the holiday! Quote of the Day It doesn’t feel entirely right. Bank of England Governor Mark Carney on the weak investment statistics released by Britain’s Office for National Statistics,…

JLN Financials: Residual Interest Rule Cometh; Tradeweb Applies With CFTC to Offer First Credit-Swap Trading; A new world order and China’s key role Financials,Newsletter

First Impressions Residual Interest Rule ComethJim Kharouf and Doug Ashburn – John Lothian News The Commodity Futures Trading Commission took up the issue of enhanced customer protections today, finalizing a rule that would require futures commission merchants (FCMs) to adopt new risk management programs that relate to operations, capital and customers fund segregation. The new rule, passed this morning, will also require FCMs to keep so-called “residual interest in customer accounts.” The CFTC rule says FCMs must maintain residual interest “that is at least equal to its customers’ aggregate under margined amounts for the prior trade date by the point…

John Lothian Newsletter: Aquis to shake up equity trading model; LCH.Clearnet in ‘major’ year-end IT outage; Cracks appear in early FTT talks John Lothian Newsletter,Newsletter

New trading venue Aquis Exchange plans an unusual fee structure as part of its strategy to compete in Europe. An outage at clearing house LCH.Clearnet late last year turned out to be a lot more than that, as the Bank of England reveals significant risk to UK payment systems. The contentious European financial transaction tax appears to be under heavy water pressure, and early speculation suggests that the final product, if any, will be significantly diluted. Andy Yemma of Intermarket Communications debuts as this week’s JLN guest editor.

John Lothian Newsletter: Six buys Oslo Clearing for $32m; Chile’s BEC set to list Nasdaq stocks; BoE’s Haldane says technology may trigger UK banking revolution John Lothian Newsletter,Newsletter

Swiss exchange operator SIX Group reaches out to buy Norwegian clearing house Oslo Clearing, giving it access to clearing operations as regulatory change increases the importance of that sector. Nasdaq OMX is set to activate a year-old listing agreement with Chilean exchange BEC. Bank of England’s Andrew Haldane suggests that a banking revolution may shortly occur as technology changes the way business is conducted; no word on whether the revolution will include upgrading the ethical practices of the industry.