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Cinnober’s Persson on What Every CCP Needs in Today’s Clearing Landscape Feature,Video,video

In this video from FIA IDX, Cinnober’s Chairman of the Board, Nils-Robert Persson, takes us through recent developments in clearing and what the next steps ought to be. Persson first highlights a key shift for clearinghouses: the moment they started to clear OTC derivatives. Before that shift, clearinghouses developed their own systems — CME had SPAN, the OCC had TIMS, etc. To Persson, that was all well and good. The systems were tailored for the institutions deploying them. But when it came to OTC derivatives, clearinghouses went shopping for systems from big banks. “That’s a real problem in fact because…

The Solutions To All Your Post-Trade Problems Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about solutions to key challenges in the post-trade space today. We first spoke with them about their key problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client & industry…

The Problem With Post-Trade Is… Feature,Video,video

The post-trade clearing space is full of new entrants and innovation from incumbents. Firms are looking at everything from collateral management to new back office systems to finding new efficiencies to real-time reporting with current back office systems. John Lothian News spoke with six professionals at the FIA IDX 2017 conference in London earlier this month about the key problem they see in the post-trade space today. We followed it up with their solutions to that problem. JLN spoke with Clive Furness, managing director, Contango Markets, Collin Platt, co-founder, Dpactum, Jaki Walsh, chief product officer, Sernova, John Avery, director, client…

Making the Johannesburg Stock Exchange a Global Player Feature,Video,video

“The JSE, for eight years in a row now, was rated number one, two or three in the world by the World Economic Forum for the quality of financial market regulation.” The Johannesburg Stock Exchange is in the process of adjusting much of its infrastructure. It already transitioned from T+5 settlement to T+3 settlement (with no failed trades thus far); the derivatives trading technology is being replatformed; Cinnober is supplying a new clearing system that will be live at the start of 2018; and London Stock Exchange Group’s MTS is playing a role in revamping bond trading on JSE. Looking…

Futures industry walks to work to support Futures for Kids charity Blog,Giving News

Futures for Kids

Industry executives from Washington and Chicago also join their London counterparts Today is the Futures for Kids (FFK) 6th Annual “Walk to Work” , which will see some 70 futures industry executives trek around London before heading to the Finish Line at the Anchor Bankside pub on the South Bank. Many will be travelling the full distance of over 35 miles starting at 8 AM in the morning while others will be taking an afternoon stroll from one of four starting points at Greenwich Park, Clapham Common, Regent’s Park or Victoria Park. This year, walkers in London will be joined…

Two Sigma to acquire Interactive Brokers’ US options arm; Comey’s Firing Is a Crisis of American Rule of Law; Cinnober to acquire market surveillance firm Ancoa John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Four JLN team members are out in sunny Arizona for the Options Industry Conference, which gets underway officially today. Jim Kharouf, Spencer Doar, Jeff Bergstrom and Patrick Lothian are covering the conference for JLN and will be conducting interviews, including with option exchange leaders. Our coverage so far has included a two-part preview interview with OCC Executive Chairman and CEO Craig Donohue. The can be seen here and here Across the pond, Patrick Thornton-Smith has left Duco and the City and has signed on as a non-executive director with Cult Wines…

Nasdaq’s Blueprint for a New Era of Trading; Revitalizing the Capital Markets; Managed-Futures Fund Launches In Q1 2017 John Lothian Newsletter,Newsletter

First Read So You Want Data? Julie Armstrong Menacho Says CME Is Transforming Data JohnLothianNews.com Every exchange is looking at new ways to store, package and provide data to end users. CME’s Julie Armstrong Menacho said the exchange is creating platforms for the next generation of data. Speaking at Barchart’s FinTech Exchange Chicago conference in April, Armstrong Menacho outlined CME’s Technology Partner Services Directory, which provides a host of certified vendors from ISV’s, market data providers and risk management platforms. The new platform has more than 80 partners and plans to list around 200 by year end. The exchange has…

A Difference Maker: Post-trade Clearing Tech Now a Differentiator For Firms Blog,Commentary,Feature,Tech / HFT

If today’s markets are traded in milliseconds, why can’t post-trade clearing keep up? ION is addressing that with its XTP clearing solution, a near real-time system it has quietly been rolling out since 2015. Last year the product was adopted by a handful of firms. And this year, ION is hoping to see a larger migration of customers to the new platform, which is considered a major upgrade to its Rolfe & Nolan system. It took ION four years to build the system, creating it on top of ION’s core trading technology. The low-profile firm is stepping out a bit…

From Sports To Business In An International Arena – Veronica Augustsson, Cinnober MarketsWiki Education,MWEd,Video,video

“The financial ecosystem is created by business people and it will be changed by technology. It is with technology that we will make a safer world, a better world, a more efficient world that we can trust even more.” Veronica Augustsson, the CEO of Cinnober Financial Technology, has a background in both computer science and sports and believes that businesspeople can learn from sports, because business is a team sport. One of the things that translates from sports to business is feedback. In sports, when you do something, you instantly learn whether it did or didn’t work, and that’s true…