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Tag Archives: BSE

Bitcoin Options Firm LedgerX Crosses Key Launch Hurdle; The Volatility Bubbling Just Below The Surface; Popularity of WTI Options Has Risen Alongside Volatility in Crude Oil Prices Newsletter,Options

Observations & Insight More Turnover At The Top: Garry Jones Out At LME Jim Kharouf, JLN Garry Jones is out as CEO of the London Metal Exchange, perhaps marking a new path for the metals bourse. From a personal perspective, Jones is among the CEO set with deep knowledge of the derivatives and exchange space, with stints at NYSE LIFFE/NYSE Euronext, ICAP and BrokerTec. His insight into the derivatives space was usually thoughtful and on target. He inherited an exchange that was due for major changes and he implemented them. Switching the LME from its prior member-owned culture to one…

Citadel Securities agrees $22.6m settlement with SEC; BSE sets initial public offering at Rs 805-806 band; LSE dismisses report on moving clearing to Germany John Lothian Newsletter,Newsletter

First Read DTCC hires former regulator for trade repository compliance; Derek West will join the DTCC with responsibility for compliance at its Global Trade Repository. By Paul Walsh – The Trade The Depository Trust and Clearing Corporation (DTCC) has appointed Derek West as chief compliance officer for its European Global Trade Repository (GTR) business. /goo.gl/NWuUof **JK: He’s a Chicagoan turned Canadian turned European Global Trade Repository officer. I’m confused. ++++ Trump’s tweets could offer investors an opportunity; President-elect has made mining social media for market-moving sentiment essential by: Nicole Bullock – FT Tweets from Donald Trump about “out of control…

Head East: TT’s Robbie McDonnell Sees Opportunity In Asia As Never Before Asia/Pacific,Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Mwiki

It’s gonna be a good year after all for Asia’s markets. Robbie McDonnell, Trading Technologies’ executive vice president of global sales, who returned to Asia full time in recent months, said the region got a nice volume bump in November but the real growth is soon to come for a region that is implementing new technology, new partnerships and more ways to increase trading flows East to West. Let’s start with the numbers, as 2016 was shaping up to be a down year for Asian derivatives markets. The Asia-Pacific group of exchanges as a whole were down 8.6 percent over…

OCC Names New CFO, Treasurer, and Chief Compliance Officer; Volume on Oil Derivatives Hits Record as Traders Eye $60 a Barrel; OPEC Deal Upends Everything in Oil Market, Not Just Prices Newsletter,Options

Observations & Insight November Options Exchange Marketshare via OCC ++++ The View from Convergex: Reinvention, Options and Market Structure Spencer Doar – JLN It may come as a surprise that Convergex, the agency brokerage with headquarters in New York, has a hand in approximately 20 percent of all options routed through U.S. listed options exchanges and actually executes some 8 percent of daily options volume. The company has been reinventing itself over the last two-and-a-half years under the leadership of Eric Noll, who became CEO in the wake of a 2013 settlement. Convergex’s reputation took a hit when it admitted…

OCC Cleared Contract Volume Increased 20 Percent in November; Citi Said to Weigh Derivative Desk Move to Frankfurt on Brexit; Traders are betting that volatility is about to spread Newsletter,Options

Observations & Insight The View from Convergex: Reinvention, Options and Market Structure Spencer Doar – JLN It may come as a surprise that Convergex, the agency brokerage with headquarters in New York, has a hand in approximately 20 percent of all options routed through U.S. listed options exchanges and actually executes some 8 percent of daily options volume. The company has been reinventing itself over the last two-and-a-half years under the leadership of Eric Noll, who became CEO in the wake of a 2013 settlement. Convergex’s reputation took a hit when it admitted it had defrauded customers by inflating its…

John Lothian Newsletter: Exchanges hit again by trading error; Six Group on acquisition hunt; TSE’s Tender for Osaka Bourse Succeeds as Pledges Exceed Maximum John Lothian Newsletter,Newsletter

Nasdaq and other exchanges cancelled trades on Wednesday after bad orders caused prices to rise too far, too fast; perhaps adding a simple “CTRL+Z” to exchange trading platforms would be in order at this point.  Switzerland’s SIX Group has extra cash in its pocket and is looking at some kind of strategic acquisition.  The Tokyo-Osaka tieup continues forward, as the exchanges announce that TSE’s tender offer has succeeded.  In First Read today, John Lothian announces returning and renewing sponsors for MarketsWiki.

John Lothian Newsletter: Asia’s Oldest Bourse Plans IPO As Third India Rival Opens; FSA Mulls Tougher HFT Controls; Bowles Will Oppose Libor Repo Market Replacement John Lothian Newsletter,Newsletter

BSE in India plans an IPO in the coming months, as newer competitors open their doors. In England, the FSA concludes a four-month look at high frequency trading and considers new rules to define that sector. A European reform agency has taken a look at the state of LIBOR in recent weeks, and believes that replacing it with repo market alternatives would be a mistake. If your company is looking for good people to hire, consider posting your job on the MarketsWiki Job Postings page. There’s no cost to list the openings there, and it’s a popular page with the…