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JLN Exchange Leader Series 2017: Romnesh Lamba – Finding Opportunities in HKEx’s Relationship with China Exchanges, OTC & Clearing,Feature,Mwiki,Video,video

For Hong Kong Exchanges and Clearing (HKEx), the biggest initiative in 2016 was the launch of Hong Kong-Shenzhen Connect, a trading link designed to give foreign investors greater access to shares listed on the Chinese mainland.  Hong Kong-Shenzhen also joined with the Shanghai-Hong Kong Stock Connect, so there are now “four pipes – two going Northbound, with international investors trading Chinese equities, and two more coming Southbound,” Romnesh Lamba, co-head of market development at HKEx, told John Lothian News at FIA Boca 2017. “Volumes associated with that program have really picked up,” Lamba said. “They are almost triple the levels…

Traders Pile On Long Positions As Nifty Hits Lifetime High; China to Allow Onshore Bond Buying via Hong Kong This Year; Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges Newsletter,Options

Lead Stories Traders Pile On Long Positions As Nifty Hits Lifetime High Agam Vakil – Bloomberg The Nifty 50 index advanced 1.7 percent on Tuesday hitting a new lifetime high of 9,122 on an intraday basis and even managed to close above the 9,000-mark for the first time on record. The index, which was trading in a tight range for the last couple of weeks, soared to record highs after Prime Minister Narendra Modi’s party secured an impressive mandate in the country’s largest state. bit.ly/2n0dFu6 China to Allow Onshore Bond Buying via Hong Kong This Year Bloomberg China will allow…

NYSE MKT to end floor trading for small stocks; US regulator warns on tough UK and EU derivatives battle; Wall Street’s Most Famous Quants Fed Up With JPMorgan Soothsayer John Lothian Newsletter,Newsletter

First Read The Why Jim Kharouf, JLN Simon Sinek said in his TED Talk that “People don’t buy what you do; they buy why you do it. And what you do simply proves what you believe.” What we do is produce a financial newsletter and websites that are dedicated to enlighten, inform and educate you on what is happening in this industry. We do it because we believe that more informed readers make for better markets, everywhere. Better markets make all our lives better. That’s simply the what and why for John Lothian News. We believe in this so much…

New China options to pave way for open commodities trading; Amsterdamtrader stops; “Open outcry” is in retreat but futures and options trading-volumes surge Newsletter,Options

Lead Stories New China options to pave way for open commodities trading Lucy Hornby – Financial Times As China prepares to introduce its first options contracts for commodities trading, the head of one of the country’s leading bourses for raw materials has shrugged off fears that the move will add to the extreme volatility in commodities seen in 2016. “We [in China] are behind international markets because we have too few tools, too few products,” says Li Zhengqiang, chairman of the Dalian Commodity Exchange, adding that introducing more products and new instruments like options will help hedge risk, not add…

CBOE purchase of Bats reflects aim to tap options trading for ETFs; US Options Volume Surges Nearly 25% in November, Reaching Second Highest Monthly Volume in 2016; Wall Street’s ‘fear gauge’ implies that few are prepped for a stock-market shock Newsletter,Options

Lead Stories CBOE purchase of Bats reflects aim to tap options trading for ETFs Philip Stafford – Financial Times CBOE Holdings’ planned $3.2bn purchase of Bats Global Markets reflects a crucial step in tapping the next major area of growth across exchange traded products. The booming sector is set to expand further with the use of options. In an interview with the Financial Times, Ed Tilly, chief executive of CBOE, laid out a comprehensive case for why the new entity is best placed to take advantage of rapidly shifting demand from investors for structured products. Mr Tilly, who will head…

Options Market Says China Risks Are Underpriced; This firm is competing with banks to hire data analysts, developers and even ex-traders; The monopoly aspirations of exchanges and the CFD rulings Newsletter,Options

Observations & Insight Predictive Bits & Pieces Spencer Doar – JLN Last Friday the CBOE hosted an event on predictive analytics. Some 50-plus people were in attendance to hear from Joe Gits of Social Market Analytics (SMA), Koleman Strumpf of the University of Kansas and Wachi Bandara of Pluribus Labs. While a range of topics were mentioned, much of the focus was on harnessing Twitter sentiment for actionable trade intelligence. The following are a few takeaways: Strumpf, who studies predictive markets — think of sites like Betfair — says that the days of their effectiveness as prognosticators is done. Don’t…

Brand New: LME’s Jones Says Exchange Is Set For Growth, 2 Ways Interview,Regulation,Tech / HFT,Video

London Metal Exchange had quite a year in 2014. From its integration into the Hong Kong Exchanges & Clearing, launching its own clearinghouse, and addressing the metals warehousing problems, LME has the pieces in place for expansion. Garry Jones, CEO of the LME spoke with John Lothian News about the exchange’s focus on China and the potential for new products in the coming months. LME launched its own clearing house last September and has brought its technology in-house, under the HKFE. All of that has added staff to LME, tripling its payroll over the past three years, as well as…

Day 4 in Shanghai: Jack Ma and the Gamechangers Blog

I can’t believe this week is almost over. It is Friday morning in Shanghai. I don’t know the Mandarin for TGIF but actually my week has been so great I almost wish it wasn’t over.   It is too bad Shanghai isn’t as close to Chicago as say Kalamazoo. I’d drive there all the time.   We are making final presentations this morning to the lovely folks at the Shanghai Futures Exchange. Today’s topic is the impact of the internet on financial services and  some side topics on Dark Pools, MFID, Dodd-Frank etc. It is most enjoyable to talk with these extremely…

Decisive Role: China making major moves on its economy Commentary,Financials,Options

Jim Kharouf

China always is on the financial market radar. It is also on the radar screen of economist David Hale, chairman of David Hale Global Economics, who just finished a report on China called “China’s New Dream.” (It can be found here in a PDF.) What is notable to Hale is that the plenary session of the Communist Party Central Committee in November 2013 announced major reforms to help boost China’s economy over the next decade. That means that market forces, and market structures, will now play a “decisive role” in re-shaping China’s economy, which is considered a substantial upgrade in…