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Tag Archives: CME Europe

Trading Fortunes Depend on a Mysterious Antenna in an Empty Field; Goldman Sachs’s Waning Dark Pool Revamped to Woo More Trades; An Algorithm, an ETF and an Academic Study Walk Into a Bar John Lothian Newsletter,Newsletter

First Read All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure Jim Kharouf – JLN U.S. equity options leaders said today’s market structure needs fixing and vowed to work together to address it at the Options Industry Conference in Scottsdale, Arizona. Among some of the structural problems are a perceived lack of liquidity, a rigid regulatory structure that has supported the fragmentation of markets, and a concentration of volume on a relatively small number of listings. Kevin Kennedy, who serves as senior vice president, head of U.S. options at Nasdaq, called for the exchanges and participants…

CME Group to shutter London exchange, clearing house; CME Group Intends to Close CME Europe and CME Clearing Europe by Year-End; Chi-X Australia boss John Fildes steps down John Lothian Newsletter,Newsletter

First Read How Blockchain Is Changing Gold Markets Peter Shadbolt – CME Group The Royal Mint and CME Group team up to create a new digital gold product; The RMG blockchain and trading platform are in live testing with major financial institutions; An open source blockchain aims to give more transparency to gold settlement One of the great promises of blockchain technology is that it could transform the way we conduct transactions. From banking to smart contracts to recording land titles, the promise of blockchain technology to make a whole range of functions more efficient is being tested in proofs…

John Lothian Newsletter: Deutsche Boerse to Seek Destiny Outside Europe If LSE Bid Fails; Deutsche Bank eyed in Treasury rigging probe; The Most Powerful Man in Banking John Lothian Newsletter,Newsletter

First Read Conflicts of Interest AboundBy John J. Lothian, JLN Several years back, maybe 10 years now, I wrote a column about all the conflicts of interest that I could think of that related to my newsletter. Today, with a more complex operation the conflicts abound, so let me add a few to the list. My son Tim will be interning at Eurex this summer in Frankfurt in their sustainability group. Tim is entering his senior year at University of Missouri, where he is studying geography. He has also taken two years of German, and this will give him an…

2016 Exchange CEO Series: CME’s Gill Looking For Customer Efficiencies PART 2 of 2 Interview,Tech / HFT,Video

With new capital requirements of banks and other institutions, John Lothian News sat down with CME Group’s CEO Phupinder Gill at the FIA Boca Conference to talk about CME’s new cleared swaptions service through its clearinghouse, and a repo futures contract. “If you look at the world and look at the situation around the globe, you’ve got South America, which has some bright spots but a growth rate that is at best uncertain,” Gill said. “You have low growth rates in the US. If you look out to Europe, where you have a lot of potential merger and acquisition activity,…

2016 Exchange CEO Series: CME’s Gill Looking For Customer Efficiencies Interview,Tech / HFT,Video

CME Group has been focused on global growth, just like every other major exchange. But to get there, the exchange leader believes it has to work with customers to streamline costs so it can expand. In part one of our two-part interview at the FIA Boca Conference, CME CEO Phupinder Gill said that the exchange is working on new ways to address capital efficiencies through products such as cleared swaptions, but also new clearing services that will help institutions reduce collateral. CME is also continuing to work on market disruptors such as blockchain technology, which may change the way in…

Mark Spanbroek, European Principal Traders Association – Financial Markets 2.0 video

“What trading is really about is finding an algorithmic, or systematic way, to analyze the market. And this is done with data.” Mark Spanbroek’s trading career spanned the transition from the old world of trading pits to the new world of algorithms. He now serves as acting chairman of the FIA European Principal Traders Association (EPTA). In this MarketsWiki Education presentation, Spanbroek showcases both worlds – Financial Markets 1.0 and 2.0 – from the pit trader in the multi-colored trading jacket to today’s trader, which he says is not a trader, but rather an engineer, and today’s trading strategy is…

John Lothian Newsletter: Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes; Regulatory delays weigh on CME’s European clearing house; ICE selected to operate ISDA margin utility John Lothian Newsletter,Newsletter

First Read Fitch Learning Appoints Diane Saucier as Client Relationship Manager in Chicago Press Release Fitch Learning is pleased to announce the appointment of Diane Saucier as Client Relationship Manager, based in Chicago. jlne.ws/1Omu5ET ***** WILD president and John J. Lothian & Company, Inc. advisory committee member opens up a new role for Fitch Learning. ++++ Citadel’s Ken Griffin Settles Divorce Case By ROB COPELAND, WSJ Billionaire hedge-fund manager Kenneth Griffin settled his closely-watched divorce case, shortly before his wife was expected to testify publicly. jlne.ws/1GxSUWA ****** Thank goodness this is over and Ken can go back to buying overpriced…

Community Building: CME Europe’s Cees Vermaas Looks To Grow Asset Classes and Customer Base Blog,Financials

Cees Vermaas, who took the reins as managing director and CEO of CME Europe in January, is in building mode. On his plate is a plan to expand the exchange’s product line-up and customer base to become a broad-based European derivatives market.   “One of the mandates or objectives we set with the team was to build a community and build the only multi-asset class derivatives exchange in Europe.” Today, the exchange lists energies ranging from natural gas to power to ethanol and agricultural products that include a euro-denominated cocoa futures contract and fertilizer futures. Vermaas, who spoke with JLN…

Revved Up: CME Europe’s Knottenbelt Says Currencies Just The Beginning Interview,Regulation,Video

CME Europe launched in March with an eye on currencies. William Knottenbelt, head of European business operations for CME Group and the CEO of CME Europe, says that the exchange has a core group of seven clearing members with more on the way and its currency products are positioned well for the market. And that, he says, is just the beginning for the European exchange. “We’re starting now to see the volume beginning to come into the market,” Knottenbelt told JLN at the IDX conference in London. “As we get more and more clearing members and execution members coming on…