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Tag Archives: derivatives regulation

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…

Options Industry Conference Preview Part 1: Is Regulation Damaging the Options Space? Feature,Video,video

The cost of regulation is heavy on certain participants in the options industry, and OCC is trying to help clearing firms and market makers deal with it. “One of the things we’re most focused on is the increased capital burdens of doing business in the industry, and that’s starting to have an effect on liquidity provisions and trading,” Donohue said. By that, Donohue is referring to the risk weighted assets for bank clearing members which fall under various regulatory regimes at the US Treasury and the Basel Committee.  These issues and others will be discussed at the upcoming Options Industry…

Nasdaq’s Blueprint for a New Era of Trading; Revitalizing the Capital Markets; Managed-Futures Fund Launches In Q1 2017 John Lothian Newsletter,Newsletter

First Read So You Want Data? Julie Armstrong Menacho Says CME Is Transforming Data JohnLothianNews.com Every exchange is looking at new ways to store, package and provide data to end users. CME’s Julie Armstrong Menacho said the exchange is creating platforms for the next generation of data. Speaking at Barchart’s FinTech Exchange Chicago conference in April, Armstrong Menacho outlined CME’s Technology Partner Services Directory, which provides a host of certified vendors from ISV’s, market data providers and risk management platforms. The new platform has more than 80 partners and plans to list around 200 by year end. The exchange has…

Next Man Up: Tom Sexton Takes The Reins At National Futures Association With An Eye On Technology and Swaps Regulation Feature,ReformWiki,Regulation,Regulation & Enforcement,Video,video

For the markets and market regulators, the industry is all about technology. Tom Sexton, who was named president and CEO of the National Futures Association (NFA) last week , said the organization is focused on upgrading its systems to keep up with the changing market landscape. Sexton, who has been at the NFA since 1991 and will take over for current CEO Dan Roth in March, spoke with John Lothian News about his new role and what’s next for the organization. “Some of our technology is old and some of our systems are 10-plus years or older,” Sexton said. Among…

CFTC’s Massad Recaps 2016 Commentary,Exchanges, OTC & Clearing,Feature,Interview,Mwiki,ReformWiki,Regulation & Enforcement,Video

Chairman says Reg AT is next big item on the list to finish before yearend. The futures industry’s regulator had several initiatives in 2016 but the top items were tackling the issue of cybersecurity, margin and the upcoming finalization of automated trading rules. On cybersecurity, the CFTC adopted rules for the exchanges, clearing houses, trading platforms and trade repositories that require more testing of platforms and systems to make them more secure. “That’s probably the biggest single threat to financial stability in our markets today,” said Timothy Massad, chairman of the Commodity Futures Trading Commission, who spoke with John Lothian…

A Tangled Web: Exploring The Explosive U.S. Growth Of Options On Futures Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,Mwiki,Options

Options on futures volumes have been on the rise since the financial crisis. To explore the reasons for the trend, John Lothian News spoke with a variety of industry participants over the course of the summer.  The cause of the increasing volumes is an amalgam of larger trends in the financial industry, and the effects are a bright spot in an overall dark landscape.   Click here to view the article.         

Reg Roadmap: European Regulation Winding Its Way Forward Regulation,Special Report

The European regulatory overhaul has been long and winding as industry participants grapple with three major initiatives simultaneously: EMIR, MIFID II and Basel 3, just to name a few. Even with the recent delay of MIFID II standards to September, regulatory experts say there is progress on some key areas, including an ongoing effort by US and EU regulators to find common ground on key sticking points, such as margin rule differences. Scroll through to view the full story with photos and video, or click here for the full layout.

Data Dive: CFTC’s O’Malia says swaps analytics need work Blog,Interview,Regulation,Tech / HFT,Video

The CFTC is mandated to help police the futures arena and its much bigger relative, the swaps market. Collecting and monitoring data on the swaps market has been a vexing problem for the agency, but CFTC Commissioner Scott O’Malia said it will solve it. “We have four different trade repositories, all of them accepting different data,” he said. “All of them have a different data architecture. So that means aggregating it is much difficult.” O’Malia, who spoke to JLN’s editor-in-chief Jim Kharouf, said there other complications as well, such as the type of data that is being collected, not to…

Raj Mahajan, Allston Trading CEO, Talks HFT and the Business of Prop Trading Interview,Regulation,Tech / HFT,Video

Raj Mahajan

Raj Mahajan took the reins at Allston Trading as CEO in September 2012 and has spent a good deal of his time looking at the issue of high frequency trading (HFT). Allston has been one of the proprietary trading firms who has been willing to publicly discuss HFT, regulation and the future of that form of trading. Mahajan spoke with JLN’s editor-in-chief Jim Kharouf about HFT as well as the business challenges and opportunities for prop firms. Raj Mahajan Resources Raj Mahajan on MarketsWiki (link) Allston Trading on MarketsWiki (link) High Frequency Trading on MarketsWiki (link) High Frequency Trading Regulation…