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Tag Archives: clearing

Cybersecurity and Technology Upgrades – John Davidson, OCC Feature,Mwiki,Video,video

The OCC is in the process of making what is a big decision for a systemically important financial market utility (SIFMU) – how to best upgrade a tech stack responsible for clearing millions of options and futures contracts daily. In this video from JLN’s annual series with industry leaders, OCC President and Chief Operating Officer John Davidson talks about how the OCC is weighing its cloud vendor options, addressing cybersecurity concerns and the regulatory initiatives on the road ahead.   Produced by Mike Forrester Interview by Spencer Doar

UK regulators to fine Barclays chief; Deutsche Bank’s flub; Wells Fargo $1b fine John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The story of my being awarded the Silver Beaver Award by the Boy Scouts was reported in the Elmhurst Patch, posted by my friend and fellow scouter John Fabry.~JJL The Magnetar Youth Investment Academy held The Night Out for Financial Literacy fundraiser last evening in Chicago. The academy has served more than 14,000 students at 70 schools in the Chicago area. Chance The Rapper spoke with Magnetar Capital’s founder and CEO Alec Litowitz. When asked what he would have invested in when he was 17 years old, Chance replied that he didn’t have…

Cross-Border Concerns – Jonathan Jachym, LSEG Feature,MWEd,Video,video

When Jonathan Jachym started at the London Stock Exchange Group stateside about three years ago, there were some 250 employees, most based in new York. Now, the group’s head of North American regulatory strategy and government relations has some 700 U.S.-based coworkers in six different locations. The personnel growth was matched in 2017 with revenue up across all core businesses, with its FTSE Russell and LCH arms doing particularly well. In this video from JLN’s annual series with industry leaders, Jachym talks about compression becoming a natural part of a swap’s trading life cycle, how the group benefits from passive…

Leveling the Clearing Field – Patrick Tessier, Minium Feature,Mwiki,Video,video

Why can’t banks and brokers use the same sort of technology that clearinghouses have access to? Minium, the new client clearing focused subsidiary of Cinnober, is looking to address that very question. In this video from JLN’s annual series with industry leaders, Patrick Tessier, Minium’s chief operating officer, talks about its early growth, bringing better clearing capabilities to the sell side and the decision to go with a cloud solution.   Produced by Mike Forrester Interview by Spencer Doar

The Future of Exchanges Will Feature More Collaboration, WFE Report Says Feature

Exchanges will have to spend more, share more and collaborate more in the coming years, according to a published report from the World Federation of Exchanges (WFE) and Oliver Wyman. The report, issued on Thursday at the 35th IOMA: The WFE’s Clearing & Derivatives Conference in Chicago focused on the recent trends for the exchange, CCP and market infrastructure providers since the 2008 financial crisis. It points out that five key themes will emerge in the coming decade: higher standards for market integrity; surveillance and supervision as both a regulatory function and customer service; broad industry cooperation and collaboration; near…

Bidding war erupts over Fidessa acquisition; Spotify debut; China retaliates John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday I |announced some promotions for John Lothian News staff members. Managing Editor Sarah Rudolph added the title head of editorial operations, and Spencer Doar was promoted to editor from associate editor. Jeff Bergstrom was given responsibility for cryptomarkets news, Mike Forrester was promoted to producer from video editor, and Jim Kharouf was named contributing global markets editor.~JJL While updating the titles for these JLN team members, we did a major overhaul of the MarketsWiki page for John J. Lothian & Company, Inc.~JJL Institutional Investor has published its annual Trading Tech 40 list…

New Roots, More Growth – Nils-Robert Persson, Cinnober Feature,Mwiki,Video,video

Last year was notable for Cinnober as the company pivoted from organic growth to outside investment to aid its expansion. The now 20-year-old real-time risk and clearing technology provider raised some $20 million from a directed share offering to fuel the development of Minium – a new Cinnober subsidiary focused on client clearing. In this sixth video from JLN’s annual series with industry leaders, Cinnober Executive Chairman Nils-Robert Persson details the company’s strategy for 2018 and it’s investment activities in 2017, including the acquisition of Ancoa, now rebranded Irisium.  

Stability Down Under – Peter Hiom, ASX Feature,Mwiki,Video,video

While Peter Hiom, deputy CEO of ASX, describes his markets and the region in general as relatively stable, that does not mean that ASX has been idle.   In this fourth video of JLN’s annual series with industry leaders, Hiom talks about ASX’s successful launch of its new futures trading platform, the slowing winds of regulatory change, the hope for a real yield curve, and the exchange’s progress in developing a blockchain reconciliation platform to ease the administrative burdens on clients.   Produced by Mike Forrester Interview by Jim Kharouf

So You Have A Token, Now What? OpenFinance Network Aims To Offer Trading, Clearing And Settlement All On the Blockchain Blog,Feature

For those who believe that blockchain for markets is years away, there are some examples that are here and now. OpenFinance Network launched a blockchain-based clearing and settlement platform this month aimed at token-based securities in the alternative investment space. What OFN is aiming for is to improve the trading, clearing and settlement for alternative assets that are clunky, fragmented, opaque and frustratingly slow for transactions. The Chicago-based firm comes from the team that built CFX Markets, an online platform that has been focused largely on the private Real Estate Investment Trust market. By creating a trading and clearing platform…