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Stock Exchanges Squabble Over End-of-Day Auctions; Defining moment for investors looms as MSCI rules on China; Wind and solar expected to supply third of global power by 2040 John Lothian Newsletter,Newsletter

First Read Jim Kharouf Will be On Twitter Live on @JohnLothian at 11 AM CST Today We will be interviewing Jim Kharouf today on Twitter Live on my twitter handle, @johnlothian, about the FOW-JLN Trading Chicago event held in less than two weeks, on June 28th at Swissotel. We have a great lineup of panels and speakers. If you are from the trading side of our markets – CTAs, hedge funds, prop firms and asset managers are free at attend. For full conference information, click HERE. Attendance is filling up, so register now. I have not used Twitter live much….

ICE’s Hutcheson Talks Benchmarks and Assuming the Helm of ICE Clear Europe Feature,Video,video

“I think there’s a strong push from the regulatory side to make non-standardized business expensive. That has already started to bite in a number of asset classes but hasn’t really reverberated fully through the industry.” Finbarr Hutcheson, currently the president of ICE Benchmark Administration (IBA), will be taking over ICE Clear Europe later in the year when Paul Swann retires. In the meantime, Hutcheson still has plenty to focus on at IBA.  Opened for business in 2014, IBA maintains three key benchmarks: LIBOR, ICE Swap Rate (formerly ISDAFIX) and the LBMA Gold Price. But it is expanding into some non-benchmark…

IBM Launches Watson for Financial Regulation; Trump’s Wall Street game plan needs players; Dutch Speed-Trader Turns to Currencies After Conquering ETFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Congratulations to our friends in London for raising £30,000 for the inaugural David Setters cricket tournament on behalf of research into MND. Well done! Welcome back to work for Terry Duffy. We hope you are fully recovered and in good health as you return to work. Longtime market writer Darrell Jobman reached out to me asking for help finding a home for a lifetime collection of market related magazine editions and trading related books. He is downsizing into a condo and wants to find a good home for these prized items….

FIA Europe’s Simon Puleston Jones Talks Brexit and MiFID II Readiness Feature,Video,video

“Will [market participants] be ready for absolutely every part of MiFID II?  I suspect, unfortunately, they just won’t be because of the sheer volume of regulations that have to be implemented.” – Jones January 3, the implementation day for MiFID II, is 204 days away.  Clouding the already messy process of preparing for such a gargantuan set of regulations is Brexit. Tossing more uncertainty on top of that:  the surprising results of last week’s U.K. election which eroded Prime Minister Theresa May’s power base.  For market participants, this means an unknown future for London’s euro clearing business, though more information…

Election results 2017: UK wakes up to hung Parliament; U.S. derivatives regulator concerned about swaps clearing worldwide post-Brexit; Lawsuit in U.S. accuses 12 big banks of credit default swap collusion John Lothian Newsletter,Newsletter

First Read U.S. business schools embrace ‘fintech’ as students clamor for courses Anna Irrera – Reuters Leading U.S. business schools are trying to teach students how to become masters of financial technology, a subsector of Wall Street that has grown in size and prominence, but because the area is still ill-defined and relatively new it is hard to develop courses. Stanford University and Georgetown University business schools are planning to offer “fintech” courses for MBA students for the first time this fall. New York University is planning a new course for undergraduates after launching a fintech specialization in its business…

Cold as ICE: Sprecher asks UK, How much do you love me? Feature

In the battle for financial markets in Europe, exchanges would like some more communication about why they should stay in the UK. To hear one exchange leader tell it, UK markets could use a little more love. At the 10th annual FIA IDX conference on Tuesday, ICE Chairman and CEO Jeff Sprecher said UK regulators have not communicated with ICE much about how they could work together and keep ICE Europe’s operations more firmly in London.  In the wake of Brexit and the upcoming MiFID II rules in January, not to mention the ongoing questions about equivalent financial regulations after…

VIX Surge Is Unwelcome Lesson in Duplicity of Volatility Wagers; The Volatility Buyer Known as ’50 Cent’ Just Had a Huge Payday; Don’t Fear The Fear Gauge Newsletter,Options

Observations & Insight CBOE Celebrates Exit of Long-tenured Employees at Chicago Gala By John J. Lothian The CBOE held a gala event at the Aon Grand Ballroom at Navy Pier in Chicago last night to celebrate the long and successful careers of several key employees whose tenure dated back to the nascent years of the exchange. Among those honored were Ed Provost, Philip Slocum, Thomas Knorring, Gerald O’Connell, Thomas Brady, Debra Peters and former chairman and CEO Bill Brodsky. Over 200 years of experience in the world’s first and leading options exchange will retire or move on with the CBOE…

Traders Are Fleeing the Options Market; Wall Street frets as capital markets trading activity trails off; There’s a new front in the brutal battle between America’s stock exchanges John Lothian Newsletter,Newsletter

First Read Sad News The father of Doug Ashburn, our former colleague, passed away yesterday morning from a sudden heart attack. Doug is now at T3 Custom, a custom publishing firm. Any well wishes or condolences can be sent to him at dashburn@t3custom.com. ***** On behalf of the entire JLN team, our condolences to Doug and Nancy Ashburn and their families on the passing of Doug’s father. We will keep them in our thoughts and prayers as they deal with this sad time. ++++ Options Industry Conference Preview Part 1: Is Regulation Damaging the Options Space? JohnLothianNews.com The cost of…

Nasdaq’s Blueprint for a New Era of Trading; Revitalizing the Capital Markets; Managed-Futures Fund Launches In Q1 2017 John Lothian Newsletter,Newsletter

First Read So You Want Data? Julie Armstrong Menacho Says CME Is Transforming Data JohnLothianNews.com Every exchange is looking at new ways to store, package and provide data to end users. CME’s Julie Armstrong Menacho said the exchange is creating platforms for the next generation of data. Speaking at Barchart’s FinTech Exchange Chicago conference in April, Armstrong Menacho outlined CME’s Technology Partner Services Directory, which provides a host of certified vendors from ISV’s, market data providers and risk management platforms. The new platform has more than 80 partners and plans to list around 200 by year end. The exchange has…