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Tag Archives: derivatives clearing

Volatility fallout in Hawaii; No fear, no greed?; LJM lawsuit Newsletter,Options

Observations & Insight Hawaii Pension Parts Ways With CIO Amy Whyte – Institutional Investor Chief investment officer Vijoy Chattergy is no longer employed with Hawaii’s $16 billion state pension fund, where he had served as CIO since 2012, Institutional Investor has learned. An automatic response from Chattergy’s former email account states that he is no longer with the Employees’ Retirement System of the State of Hawaii. The retirement system’s executive director Thomas Williams did not respond to multiple requests for comment by press time. bit.ly/2FkpIcG ****SD: Not the only head to roll after the volatility spike. This Hawaii CIO move…

Wall Street braces for rough ride as exchanges seek more speed bumps; Euronext to move derivatives clearing business from LSE to ICE; Davidson Joins OCC as President and Chief Operating Officer John Lothian Newsletter,Newsletter

First Read Finding FinTech On April 27th, the third annual FinTech Exchange 2017 will be held in Chicago. This event, hosted by Barchart, has built itself into an innovative, informative and valuable conference, thanks to the work of Barchart’s Mark Haraburda, Colleen Sheeren and others on the team. This year, Barchart is giving away a few tickets. If you would like to go, the first five to sign up here will receive free passes for the one-day event, which runs from 11 am – 7 p.m. at Venue SixTen, 610 S. Michigan Avenue, Chicago. Use your algos to sign in…

John Lothian Newsletter: Deutsche Bank to Face British Lawsuit Over High-Speed Trading; Welcome to the Crisis Economy, Where Tumult Reigns; Big Ideas 2016 Chicago looks to boost next-generation financial firms John Lothian Newsletter,Newsletter

First Read ++++ Getting Squeezed: Introducing Brokers Numbers Waning, Growth Wanting, Future Questioned New Introducing Broker numbers hit historical low; IB Numbers Shrink 17 percent Since Financial Crisis By John J. Lothian There is a funny story about former MF Global CEO Jon Corzine, when he held his first all company conference call with employees. He said he was impressed with how many investment bankers the firm had, having no clue that the number of IBs affiliated with MF Global actually meant introducing brokers. The fate of the company was probably sealed right then and there. While investment bankers have…

Speed Reader: FIA Europe’s Simon Puleston Jones making his way through MiFID II Interview,Regulation,Video

EU regulation continues to wind its way through the system. That’s keeping Simon Puleston Jones a busy man. As chief executive of FIA Europe, he’s busy making his way through the EU’s 845-page consultation document that contains 860-plus questions, as part of a 10-week consultation process that ends on August 1. John Lothian News spoke with him about what’s in it and what it means for the industry. “That’s a hell of a lot of reading for the industry to do,” he said. “Part of the challenge for us is working out how we can get the feedback from the…

John Lothian Newsletter: SEC Proposes New Exchange Tests to Curb Computer Breakdowns; Swaps Trade Group Hires Consultant Amid Probe; New clearing rules have already been broken, FCMs say John Lothian Newsletter,Newsletter

The SEC proposes a new testing regime to evaluate the ability of exchanges and brokerages to recover from natural and terrorism-related disasters. As regulatory scrutiny of the ISDAfix swap rate increases, the ISDA brings in a consultant to evaluate whether there’s a better way to set that rate. FCMs clearing OTC derivatives say that new time-limit rules for clearing trades are already being overrun.