Breaking News

Tag Archives: broker-dealer

BTC Futures Coming From Team That Rebounded From Epic Snafu; Big banks not willing to support BTC futures John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The @JohnLothian Twitter account received 65,120 original impressions yesterday, which is a record for the last 28 days. My LinkedIn profile searches are up 48% for the week.~JJL Yesterday I attended an event hosted at the Art Institute of Chicago by RBC Global Asset Management about responsible investments. The speaker and panel discussed ESG investing, which I did not know about. ESG stands for Environment, Societal and Governance. Later in the day I was able to apply what I learned during a meeting of the endowment committee of my church, of which…

Compliance Advice on SEC’s Market Access Rule from Julie Dixon of Titan Regulation Interview,Regulation,Tech / HFT,Video

Regulating the U.S. financial markets is an increasingly difficult task for the Securities and Exchange Commission and other regulators. Not only must the commission enforce the rules currently on the books, it must also respond to new crises that may be threatening the safety and confidence of the market. On May 6, 2010, the Dow Jones Industrial Average plunged nearly 1000 points, or around 10 percent, in a matter of minutes, then quickly recover about two-thirds of the move, in what has since been referred to as the “flash crash.” SEC Rule 15c3-5 (“Market Access Rule”), finalized in November 2010,…

Extraordinary Times Call for Extraordinary Measures Commentary,Regulation

John Lothian

Today the CME Group is expected to file with the SIPC appointed bankruptcy officials and federal authorities a plan for how to proceed with their part of the orderly liquidation of MF Global, specifically the movement of open futures and futures options positions to other clearing firms. Should the proposal be approved by the bankruptcy trustee appointed by SIPC, the bankruptcy court and the CFTC, or some combination therein, then positions and underlying margins will start to move. This would be different from the current situation where only positions can be moved at the previous day’s settlement price. Positions are…