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Tag Archives: clearing

Cohn Says Clearinghouses Could Create New Systemic Problem; EU and US agree to accept each other’s derivatives rules John Lothian Newsletter,Newsletter

First Read Hits & Takes Jenny Knott stepped down as CEO of NEX Optimisation. FIA is hiring two people for its communications department: a director of communications working with senior management to develop, implement and coordinate our overall press and public relations strategy and thought leadership; and a director of editorial services managing member and industry communications, the production of editorial content and the delivery of that content to multiple audiences across multiple channels. More information is available HERE.~JJL Registration is now open for CMC’s annual State of the Industry Conference in Miami Beach — January 28-30, 2018~JJL Asia Pacific…

Deutsche Boerse Plans Revenue-Share Deal to Lure Brexit Clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes EEX staff rode 2,505 km on their bikes at the https://goo.gl/JLiSj6 competition in Leipzig, saving 356 kg in CO2.~JK ICE has a message for you if you are a user of AOL Instant Messenger, which is be decommissioned on December 15.~JJL Kevin Gaskell writing on the London School of Economics and Political Science LSE Business Review has a good piece on leadership, “Leadership: The measurable impact of inspiring a sense of purpose.”~JJL It took almost seven years, but the job growth streak came to an end Friday (though it’s attributable to hurricanes).~SD FIA now provides…

CME Group to Exit OTC Credit Clearing Business; Robots Are No Match for the Human Bond Trader John Lothian Newsletter,Newsletter

First Read Robert K. Wilmouth Passes Away; Remembered as Respected Industry Leader and Colleague By John J. Lothian Robert K. Wilmouth, the founding National Futures Association president and CEO, passed away yesterday, the NFA said. Wilmouth served as head of the newly formed NFA from 1982 to 2003. He was succeeded by Dan Roth, who recently retired from the role and was replaced by Tom Sexton Wilmouth also served as the president of the Chicago Board of Trade for about five years. He was brought in by then exchange chairman William D. Hagerty, Jr. Wilmouth’s futures industry career was preceded…

My Journey Through the Financial Industry – Amy Shelly Feature,MarketsWiki Education,MWEd,Video,video

“Go find your friends. That’s the start of your networking skills. Learn how to go up and talk to people. Have a conversation, be interested in what they’re saying and tell them what you’re looking for and what interests you.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Amy Shelly, CFO at the OCC, talks about her winding path through the industry. Shelly spent the early part of her career in banking, spending seven years with Goldman Sachs and three with JP Morgan. Shelly moved on to work for Hull Investments as an accountant where she…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; NYSE on Track to Lose More ETF Listings; Big asset managers struggle to meet Mifid II deadline John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff BOX gets SEC approval for a trading floor, the CBOE picks the Winklevoss twins for bitcoin futures and earnings news from ICE and LSEG is among today’s top headlines. ICE and LSEG came out with earnings today. Check it out in Exchange News. ~JJL I like context. Morgan Housel has a blog – An Honest Business News Update – with a lovely reminder humanity is more than the sum of what gets the publicity. ~SD We have added a Hello Bar to the bottom of the MarketsWiki Education website] and to the…

How the Cloud is Disrupting Post-Trade Exchanges, OTC & Clearing,Fintech,Video,video

Sernova Financial, a cloud-based post trade utility, is just starting its second year and Calypso Technologies has just taken a minority stake in the company.  Sernova and Calypso already had a partnership offering cloud-based clearing services. The founders of Sernova came from the clearing divisions of top tier banks, where they found the business wasn’t necessarily cost efficient or revenue-generating. So they decided to take post trade services out of the bank and put it in the cloud as a utility. Jaki Walsh, chief product officer at Sernova, spoke with John Lothian News at the IDX Conference in London this…

Clearing Firms Simulate Lehman-Like Default During Brexit Chaos; Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal; NYSE Revamp Steps Up Threat to Speed-Fighting IEX Exchange John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have a couple of changes to our MarketsWiki Education World of Opportunity series in New York due to some last minute scheduling conflicts. Jennifer Nayar will be replaced by Brian Cassin, head of product and strategy for North America for Vela Technologies. Also, Louis Modano will be replacing Michael O’Rourke of Nasdaq. Modano is chief information security officer at Nasdaq. Last, Anna Irrera, a fintech correspondent of Reuters will represent Thomson Reuters at the event on Wednesday. We have closed registration for the Friday event at Trading Technologies next week…

UK regulator calls for radical shake-up of £7tn investment sector; Cyber attack shows few signs of spreading to Asia; CME Obtains Regulatory Clearance to Launch OTC FX Options Clearing John Lothian Newsletter,Newsletter

First Read Using A.I. to Address the Compliance Challenge JohnLothianNews.com “Historically for a lot of these artificial intelligence tools, they were very bespoke builds — and a lot of them still are. What we’re really working on is taking the concepts and building more generic tool sets that you can provide to lots of different people.” As regulatory scrutiny spreads to more asset classes, so too do the challenges for compliance teams. Tony Sio, head of exchange and regulator surveillance with Nasdaq, believes artificial intelligence is the way forward. Artificial intelligence has been around in varying forms for years, but…

Election results 2017: UK wakes up to hung Parliament; U.S. derivatives regulator concerned about swaps clearing worldwide post-Brexit; Lawsuit in U.S. accuses 12 big banks of credit default swap collusion John Lothian Newsletter,Newsletter

First Read U.S. business schools embrace ‘fintech’ as students clamor for courses Anna Irrera – Reuters Leading U.S. business schools are trying to teach students how to become masters of financial technology, a subsector of Wall Street that has grown in size and prominence, but because the area is still ill-defined and relatively new it is hard to develop courses. Stanford University and Georgetown University business schools are planning to offer “fintech” courses for MBA students for the first time this fall. New York University is planning a new course for undergraduates after launching a fintech specialization in its business…