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Tag Archives: CHX

John Lothian Newsletter: EU watchdog backs more competition in derivatives clearing; Derivative investors doubt benefits of LSE-Deutsche Börse tie-up; Oystacher Says Speed Chess, Not Spoofing, Is Behind His Trades John Lothian Newsletter,Newsletter

First Read Counter (party) intuitive Steven Strange, Compliance Product Manager, Fidessa Once upon a time, a good credit rating was sufficient to establish a counterparty’s fitness as a trading partner. Counterparties were managed via simple ‘do not trade’ lists delivered to traders at the start of the day, and traders honoured these by hand, or using basic software and home-grown tools. Times, of course, have changed drastically. Regulators now expect firms to aggregate their counterparty exposure across asset classes, and include a myriad of additional holdings where the counterparty is in any way affiliated. ‘Do not trade’ lists are monitored…

John Lothian Newsletter: LSE taps Morgan Stanley’s Ross to run Curve; ‘Flash Boys’ trading venue application triggers backlash; High-frequency trader warns of potential market ‘catastrophe’ John Lothian Newsletter,Newsletter

First Read ICE chief calls IEX speed bump plan ‘un-American’ Gregory Meyer and Nicole Bullock in New York – FT IEX, the upstart stock-dealing venue, is taking an “un-American” approach to slowing down high-speed traders, the owner of the New York Stock Exchange has charged in comments that will further inflame debate over markets. ****Katsuyama is very un-American. He’s Canadian. JJL**** He is North American, it is just like American, but colder. ++++ Typhon Capital Bets Big on Biofuels By TIM PUKO – WSJ Look for drivers – but not oil – to help steer a turnaround in commodities,…

Special Report: Chicago Financial Community Readies For NATO Special Report


On May 20-21 the NATO summit will take place in Chicago. Financial industry firms and exchanges have braced themselves for potential protests and traffic snarls, and even cyber attacks. While the vast majority of entities will conduct business as usual, off site work plans and contingency and disaster recovery maps have been put into place to ensure it’s business uninterrupted.