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John Lothian Newsletter: ICE kicks off Asian commodity futures hub; MGEX Completes Best Month in Exchange History; European swaps clearing dates welcomed John Lothian Newsletter,Newsletter

First Read A Reflection on a Life, Its Influences and the Trading Floor John Lothian – JLN – Published February 5, 2015 I learned recently a lifelong friend was diagnosed with pancreatic cancer. My friend and former Wisconsin neighbor is older than me. In fact, at one time he was my babysitter. As I learned yesterday the CME would shut down most of its futures trading pits, his story came rushing back to me. jlne.ws/1MW7yMc ***** My friend Warren “Boycie” McNeil passed away yesterday. He was so full of life while he was with us and shall never be forgotten….

Euronext Seeks to Milk Dairy Derivatives Again Blog,Commentary

John Lothian News has learned Euronext will take another shot at developing a vibrant dairy derivatives complex as a deadline looms in the European Union to remove milk quotas in the European market. Euronext will introduce futures on butter, skimmed milk powder and whey powder in the spring of 2015.  With the European market the world leader in dairy production and producers facing new volatility once the quotas are dropped, the timing is right for Euronext to take another shot at developing a dairy complex.  The European Union milk production quotas are expected to expire at the end of March….

John Lothian Newsletter: CFTC Passes Collateral Rule to Backstop Treasuries in Swap Trade; CME Group says swaps clearing service was hacked in July; Federal Reserve considering a delay to Volcker rule John Lothian Newsletter,Newsletter

First Read Dear Readers, Greetings from sunny Singapore! It is my great pleasure to be guest-editing this week’s newsletter with my colleague, Michael Syn (Mike), our Head of Derivatives. I am told that this is the first time that JLN is edited in Asia! What an honour! Mike and I are excited to connect with JLN’s global audience through the exchange of ideas and opinions. Just as importantly, to share our thoughts of today’s markets as seen via Asia’s leading financial center in Singapore. As you know, there is never a dull moment in our industry. Year 2013 has so…

Five Minutes With Harriet Hunnable, CME Group Interview,Metals

Harriet Hunnable

Harriet Hunnable is the managing director for metals products at CME Group. She sat down with editor/producer Nicole V. Rohr to discuss copper futures, which hit a record volume of 127,276 contracts on April 10. Hunnable also discussed the benefits of average price contracts, like CME Group’s new copper calendar swap contract launched on March 12. Q: What is so intriguing about copper, and how does it differ from other metals? A: Copper is a very good indicator of industrial production and we’re very focused today on where the growth is strongest, and where there is reception. It provides a…