Breaking News

Tag Archives: clearing

Two big UK banks shift some euro clearing from London to Frankfurt John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Jim Kharouf has written a terrific piece for FIA’s MarketVoice titled “The Sun Finally Shines on Carbon Markets.”~JJL NFA has brought a complaint against Lee Stern‘s LBS Limited Partnership, an introducing broker, regarding deficiencies in their anti-money-laundering program.~JJL Women in Derivatives are holding an event in Washington, DC today from 5 to 8 PM, “Transforming Finance: The Impact of Emerging Technologies.” The keynote address is by CFTC Chairman Christopher Giancarlo.~JJL Register for the LME’s free forum in New York on 25 June and join panellists from Triland Metals Limited, Ferrometrics Partners LLC, Hartree…

SIX Turns 10: SIX’s Urs Rüegsegger Says the Vertical Model and Interoperability Works Feature,MWEd,Video,video

Ten years ago, SIX Group was formed in a merger between SWX Group, Telekurs Group and SIS Group, creating a new vertical business model. Urs Rüegsegger, chairman of SIX Swiss Exchange, helped lead that transition and growth as CEO of the exchange for nine years before stepping down last December. JLN’s Jim Kharouf sat down with Rüegsegger at the WFE’s IOMA Conference in Chicago to talk about how SIX and its clearing business has grown over the past decade. SIX Group’s exchange, clearinghouse and other business lines, including credit card transaction processing, have grown steadily over the past decade. Its…

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…