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Tag Archives: Charles Li

HKEx’s chief defends LME deal; Exchange CEO search; Susquehanna entering sports betting John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Happy Halloween! Our second compilation video from FIA Expo is out and can be seen below. It is the companion piece to yesterday’s MiFID II video. ~SD DePaul is holding their fourth annual Cyber-Risk Conference on 11/28 at the Chicago Loop campus from 8:30 AM to 4 PM.~JJL Former CBOT and MidAm member Darren S. Bohm passed away. I knew him from my days of trading on the MidAmerica Commodity Exchange. He most recently was with Tradelink, according to his LinkedIn page.~JJL Want to hear something scary? Physical gold investors in Canada…

John Lothian Newsletter: CME Upgrade Soothes Critics Who Viewed Prior System as Unfair; Katten names new chairman; FICC revenues almost halved since 2011 John Lothian Newsletter,Newsletter

First Read NFA: The Next GenerationJim Kharouf – JLNWith the announced retirement of National Futures Association President and CEO Dan Roth, the organization may face the biggest decision in its history. Roth led the organization since 2003, and succeeded Robert Wilmouth, the first NFA president, who led the organization starting in 1982. Roth, who will stay on until his successor is chosen, has overseen the organization through its greatest expansion in the wake of the Dodd-Frank Act and some of the industry’s greatest scandals such as MF Global and Peregrine Financial Group Today, the organization’s profile stands tall in the…

2016 Exchange CEO Series: LME’s Garry Jones Looking At More Metals, More Clearing and More China Video

Last year represented the first full year in which London Metal Exchange  was under the Hong Kong Exchanges & Clearing umbrella. Now the exchange is looking forward to expanding through new products, users and via its relatively new clearing house, LME Clear. The LME battled some major commodity headwinds in 2015, with metals prices falling anywhere from 25- to 45 percent, and many firms pulling out of the market due to risk concerns, mine closures and various mining and banking staff reductions. LME’s volumes dipped 4.3 percent in 2015 to 169 million, down from 177 million a year earlier. “Against…

John Lothian Newsletter: Prosecutors Are Not Amused by Hidden Trading Markups; The Coming Default Wave Is Shaping Up to Be Among Most Painful; Wall Street Is Edging Toward Win on Derivatives Capital Rule John Lothian Newsletter,Newsletter

First Read Bits & Pieces By JLN Staff Elisabeth Samuels has joined GreenKey Technologies as managing director. She formerly worked for Eurex’s Chicago office. The PTG has created a committee on diversity and made this a major issue for 2016. They are working with WILD on this issue. BATS has agreed to renew their MarketsWiki Partner Level sponsorship for 2016-17. We appreciate their continued support. Bats was named yesterday’s MarketsWiki Page of the Day for announcing their IPO, again. MarketsWiki is approaching 79 million page views and MarketsReformWiki is nearing 12 million. Next week, Doug Ashburn makes his first trip…

Scooped: What The Nikkei Deal Means For The Derivatives Industry Blog,Commentary

"FT 125th anniversary reception (8741688934)" by Financial Times - FT 125th anniversary reception. Licensed under CC BY 2.0 via Wikimedia Commons - https://commons.wikimedia.org/wiki/File:FT_125th_anniversary_reception_(8741688934).jpg#/media/File:FT_125th_anniversary_reception_(8741688934).jpg

Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing over Rupert Murdoch’s buyout of the Wall Street Journal in 2007 for $5 billion amounted to nothing substantive. The FT will likely maintain its focus…

John Lothian Newsletter: Germany Blasts Deutsche Bank Executives Over Culture; China Has the World’s ‘Safest’ Equity Market, HKEx CEO Says; SEC Cranks Up Probe Into Fund Firms’ Fees John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Doug Ashburn has been promoted to the position of chief operating officer of John J. Lothian & Company, Inc. He assumes this new role in addition to his roles as head of business development and editor at large for John Lothian News. Previously Jon Matte held the role of COO, one that he assumed when he joined the company in August of 2007 to help start building MarketsWiki.com. Jon left last January for a company in adventure tourism in Norway. Doug joined JJLCO in 2011 as an intern to help us…

Connecting: HKEx’s Li Said It Will Help Connect To China’s Trillions Interview,Tech / HFT,Video

Hong Kong Exchanges and Clearing is all about connecting. HKEx’s CEO Charles Li says his exchange is the linchpin that connects mainland China’s markets with the rest of the world. Li, who spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, said his exchange is about strategic positioning with China and taking advantage of the explosive growth it sees, especially with the London Metal Exchange firmly integrated into its business. “Our job is to find a way to make that connection,” Li said, of China, “the largest pool of capital that is yet to be globally…

Boca Bits & Pieces, Day Two Blog,Commentary

Wednesday’s big news came from Nasdaq, which announced plans to enter the energy futures market, challenging the dominance of the CME and ICE. Named Nasdaq Futures (NFX), the new market will launch around midyear with support from leading energy companies. “What do the CME, ICE and Hillary Clinton have in common?” Nasdaq’s CEO Bob Greifeld asked reporters. His answer? “All seem to have a monopoly on their exchanges.”   “We’re here to disabuse you of that idea,” he added. “Monopolies are against the natural order of competitive forces.” Not one of Nasdaq’s customers wanted the new exchange to be a…

Garry Jones: LME’s Man of Steel … And Base Metals Interview,Metals

Garry Jones

Garry Jones took the reins of the London Metal Exchange (LME) at the end of September. Just over a week into the job, he spoke with John Lothian News editor-in-chief Jim Kharouf about the LME’s next steps, what’s happening with the controversial warehouse issue, CME’s aluminum challenge and how LME’s parent company Hong Kong Exchanges & Clearing can become a metals powerhouse in Asia. Q: You’ve been on the job for just a few days. How does the LME/HKEx compare to the structure at NYSE LIFFE? A: It’s different but some things are the same. When I was at NYSE…