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Tag Archives: CME Group

Opposition mounts as CME looks to slim down its board John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday’s LaSalle Street Trading Tech Awards program was good fun for a good cause, despite the absence of one John Lothian. (His surgery went well – you can tell because he’s tweeting again.) Over $150k was raised to help Scouts from underserved areas of the city get exposure to finance, witness corporate life and develop leadership skills. How often do you get to see industry leaders in campaign hats?~SD Nodal Exchange and IncubEx launched their first tranche of North American Environmental contracts today. The new contracts, which mark the expansion of Nodal Exchange’s…

CME completes £3.9 billion NEX Group acquisition John Lothian Newsletter,Newsletter

NEX

First Read Hits & Takes JLN Staff It is a big day for the CME Group. They completed their acquisition of NEX Group, they won the long overdue case brought by Eurex over the CBOT/Eurex US battle, and they announced October 2018 volume was up 38% versus October of 2017. That is what is called a very good day.~JJL Nearly $1MM was raised at the international charity A Leg To Stand On’s Hedge Fund Rocktoberfest in New York and events in Chicago and London. You can also donate to ALTSO by simply taking a picture, any picture, on the Donate…

Colombia Plans Mexico-Style Oil Hedge After Recent Volatility; ETF options hedging JLN Options Newsletter,Newsletter,Options

Observations & Insight Guess Who’s Back (Office)? Reimagining the Trade Life Cycle JohnLothianNews.com In this compilation video from FIA Expo, Minium CEO Patrick Tessier, Fidessa Chief Operating Officer and Global Head of Derivatives Justin Llewellyn-Jones, and Eventus Systems CEO Travis Schwab talk about automating the trading life cycle and what streamlining that workflow means for the future. Watch the video and read the rest » ++++++ OCC Clears Record Monthly Volume in October BusinessWire OCC, the world’s largest equity derivatives clearing organization, announced a record 567,833,544 total contracts cleared in October, the highest monthly total since OCC’s founding in 1973….

Fed proposes SA-CCR as derivatives exposure calculation; Panic? Options say no JLN Options Newsletter,Newsletter,Options

Lead Stories Standardized Approach for Calculating the Exposure Amount of Derivative Contracts Federal Reserve The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (together, the agencies) are inviting public comment on a proposal that would implement a new approach for calculating the exposure amount of derivative contracts under the agencies’ regulatory capital rule. The proposed approach, called the standardized approach for counterparty credit risk (SA-CCR), would replace the current exposure methodology (CEM) as an additional methodology for calculating advanced approaches total risk-weighted assets under the capital…

Near and Midterm (Election) Hurdles: An Economic Outlook Feature,Mwiki,Video,video

“You can’t put the toothpaste back in the tube.” The Fed has its hands full. The midterm elections are right around the corner. The trade war is making Brazil a bigger agricultural player. Here to make sense of it all is Bluford Putnam, CME Group chief economist and managing director. In this video filmed at FIA Expo, Putnam discusses his views on these three challenges facing the economy.   Produced by Mike Forrester

Build or Buy? Exchanges Continue to Branch Out For Revenues Through Acquisition Exchanges, OTC & Clearing,Feature

Exchanges are continuing to look at two areas for revenue growth – consolidation and acquisition of non-exchange service firms, according to a new report from Burton Taylor. The report, presented at the World Federation of Exchange’s General Assembly and Annual Meeting in Athens and authored by Andy Nybo, shows that ICE topped exchanges in revenue in 2017 with $4.6 billion, followed by CME with $3.6 million, Deutsche Boerse with $2.7 billion, LSE Group with $2.5 billion and Nasdaq with $2.4 billion. Global revenues from the 15 top exchanges totaled $30.7 billion last year, up 8.1 percent from 2016. The sector…

ICE Personnel Developments; CME Launches New Liquidity Tool; KRM22 buys Prime Analytics John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff My friends at Eurex asked me to reflect on their history and my relationship with them in honor of their 20th anniversary. The first part of the interview is posted today on the Eurex website. Tomorrow will have part 2.~JJL Also, an interview with Christopher Kalbhenn, editor for finance at the German newspaper “Boersen-Zeitung” was posted yesterday to the Eurex website as part of the 20th anniversary celebration.~JJL A fundraising effort is being coordinating through Congregation Bnai Tikvah for the Kamen children (Jake and Josh Kamen), to help support them after the tragic…

Lessons from My Crypto Career Risk – Tim McCourt, CME Group Feature,MarketsWiki Education,MWEd,Video,video

“[In July 2000, my boss] said, ‘Tim, tomorrow, you’re going to start on the equity derivatives desk at JP Morgan.’ I was like, ‘Fantastic. I’m super excited.’ I go home, no one really has a laptop, I got my  first cell phone two weeks before – it’s not web-enabled – so I go bring out a red Merriam-Webster dictionary and look up ‘equity’ and ‘derivative.’ All right, I’m ready for my first day tomorrow. I had no idea what it was. But that didn’t stop me. ”  Tim McCourt, managing director, global head of equity products and alternative investments at…

CME Group floats B share buyout plan; SEC urges completion of CAT John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The most recent episode of “The Spread” – JLN’s options news recap – can be found here. ~SD If you are not a fan of “The Spread” and Spencer Doar, you should be. It is fun to see his creative and whacky side come out while sharing the news in the world of options trading. And by the way, we are looking for a firm or firms willing to sponsor this video series.~JJL In Wells Fargo’s most recent quarterly SEC filing, there were 6,250 words dedicated to legal liabilities and “efforts to rebuild…