Breaking News

Tag Archives: clearinghouses

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…

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…

John Lothian Newsletter: Monopoly Talk Riles Futures Market CEOs Amid Nasdaq’s Critique; US energy futures may be forced out of UK CCPs; SEC Proposes Rules for Systemically Important Clearinghouses John Lothian Newsletter,Newsletter

First Read Boca Bits and Pieces By John J. Lothian Wednesday at the Futures Industry Association’s International Conference saw R.J. O’Brien & Associates honored for 100 years of service to the futures industry. Prior to a lunch-time speech by commentator Ted Koppel, a short video from John Lothian Productions for RJO, was shown talking about RJO’s 100 years (see the video at jlne.ws/1klSUzu ). Mr. Koppel liked the video, as did the audience. The exchange leader panel was one of the best I can remember, with a great lineup of exchange CEOs and great balance. Bob Greifeld was there to…

Extreme Makeover: Gary DeWaal Says FCM Landscape has to Change Interview,Regulation,Video

Gary DeWaal

The futures commission merchant (FCM) space is likely to change dramatically in the coming years. How is the question. John Lothian News sat down with Gary DeWaal, of Gary Dewaal Associates, for his views on the shape of the brokerage industry in the coming years. “For years FCMs have tried to be everything to everybody,” DeWaal says. “Frankly, except for two or three of the big FCMs, that is not a reasonable prospect going forward. I think that FCMs are going to really have to figure out what its niche is.” DeWaal, the longtime general counsel for Newedge, said the…