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Tag Archives: CFTC

FXCM Inc to Be Renamed ‘Global Brokerage Inc’ Following US Upheaval; Fannie, Freddie shares dive after U.S. appeals court ruling; LSE and D Börse set to offer more concessions to secure merger John Lothian Newsletter,Newsletter

First Read Take Our Survey – Again By Jim Kharouf, JLN Editor-in-Chief & CEO Sometimes these things happen. The link we provided yesterday only allowed one person to take the survey. We know there are more than one of you willing and able to take it. Here’s the link. Please take a few minutes to help us out about what you like and what you don’t like about our publications and websites. The questions are supposed to be fun, funny and for us, enlightening. It’s also a great place to leave us comments and suggestions for future content and services….

U.S. investors brace for mounting political risks as they decode Trump; Volatility Traders Shed VIX Positions as Markets Are Eerily Calm; The Volatility Limbo Newsletter,Options

Lead Stories U.S. investors brace for mounting political risks as they decode Trump David Randall and Jennifer Ablan – Reuters Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. In the last few weeks, however, he has realized that he must look at a new force in the market: U.S. President Donald Trump. /goo.gl/iGS2KU ****SD: Out of everybody, I bet Nick Cage and Tom Hanks could figure out how to decipher the code of Trump. Volatility Traders Shed VIX Positions as Markets Are Eerily Calm Carolina Wilson – Bloomberg Assets in…

CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture Blog,Commentary,Feature,Politics,Regulation & Enforcement

The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors.  CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also acting head of the Securities Investor Protection Corporation, chartered by Congress to help protect U.S. investors from brokerage…

Deutsche Bank walks away from US swaps clearing; Soc Gen sees fixed income trading boom; Crunch time for increasingly brittle London Metal Exchange John Lothian Newsletter,Newsletter

First Read Trump Preparing to Nominate Commodity Futures Trading Commission’s Giancarlo as Chair; The former brokerage executive is currently serving as acting chairman Andrew Ackerman – WSJ The Trump administration is preparing to nominate J. Christopher Giancarlo as chairman of the Commodity Futures Trading Commission, according to people familiar with the matter, elevating the former brokerage executive to the full-time head of the top U.S. derivatives regulator. /goo.gl/XFy2Wg ***** This would be a terrific outcome. Acting Chairman Giancarlo is widely respected and very knowledgeable. All we need now is some other commissioners. ++++ Nasdaq’s Black Belt CEO on IPOs, Unicorns,…

CME Group to broaden rules against wrongdoing after CFTC request; Republicans Get Ready to Roll Back Dodd-Frank Law; German minister calls for LSE-Deutsche Boerse HQ in Frankfurt John Lothian Newsletter,Newsletter

First Read Deep Breath Jim Kharouf, JLN Upon our return from Washington DC last week, there was the unanswered question still hanging in the air: “What will become of Dodd-Frank?” Of course, no one really knows just yet. All the hyperbole from politicians in DC make for big headlines. But as the Wall Street Journal piece Republicans Get Ready to Roll Back Dodd-Frank Law pointed out, passage of new laws in the Senate will require 60 votes, and Replublicans hold 52 seats. Will we see a rollback of Dodd-Frank? A rollback at Walmart means that dish detergent that was priced…

Speed Traders’ ‘Stupid’ Plan for Fast Network Halted in U.K.; CFTC fines E*TRADE for allegedly destroying customer records; Brazil’s BM&FBovespa buys 8.59 pct in Lima exchange for 49 mln reais John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Jim Kharouf If you are like me and love to ride your bike to work, you might be interested in the latest offering for CBOT Building tenants – indoor parking. The building is offering 25 spots in a warm, locked, basement room for $120 for a year. A cheap way to keep your bike warm and safe. There’s more information here. There are 24 spots now, as I have rented one and love it. In case you missed it, Henry Schwartz, of Trade Alert was a guest editor of the JLN Options Newsletter in…

Investors are bracing for a massive stock-market selloff; No single factor behind sterling flash crash, BIS says; VIX Watch – Markets Not Prepared For US-China Trade War Newsletter,Options

Lead Stories Investors are bracing for a massive stock-market selloff Joseph Adinolfi – MarketWatch If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. jlne.ws/2jglzNX ****SD: Happy Friday the 13th everybody! No single factor behind sterling flash crash, BIS says BBC October’s flash crash in sterling was caused by several factors – including the time of…

NYSE to expand floor trading as part of integrated dealing system; U.K. Bankers Drop Push to Keep EU ‘Passporting’ After Brexit; When Bad Things Happen to Good Funds John Lothian Newsletter,Newsletter

First Read Bits & Pieces By JLN Staff Brookly McLaughlin has rejoined Intercontinental Exchange as senior director, marketing and public affairs, giving ICE more political punch. She returns after a little more than a year at Magnetar Capital. McLaughlin originally came to ICE in the CCX deal. She was the communications director for the Chicago Climate Exchange before it was acquired by ICE. She also previously worked for the U.S. Treasury Department under Hank Paulson. Jeff Sprecher, Richard Sandor and Hank Paulson are some pretty good bosses to have. The Security Traders Association of Chicago is in day two of…

The End Of The Line Commentary,Feature

So it appears this is the end of the line for Jon Corzine, the disgraced former head of MF Global, the man who essentially brought down the firm with lousy trades on European debt markets, helped cripple the futures industry and tarnished its once iron clad guarantee on customer funds. The firm dipped into customer segregated funds, something Corzine has long denied knowing, and left the collapsed firms’ customers wondering what happened to more than $1 billion of their money. The CFTC settled its case with Corzine yesterday, as the man, the myth, agreed to a lifetime trading ban from…