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Tag Archives: derivatives trading

Global debt understated by $13 trillion – BIS; Exchanges concerned about CAT hacking risk John Lothian Newsletter,Newsletter

First Read Hits & Takes Leslie Rosenthal, former CBOT Chairman and co-founder of RCG, has passed away. Details are below. Our condolences to the family, friends and associates of this great man on his passing. ~JJL If you would care to share a reflection on Les Rosenthal’s life and contributions to the futures industry, please email me at mailto:johnlothian@johnlothian.com.~JJL Reflections on the life of Robert Wilmouth can be found HERE. We still welcome contributions of reflections for Mr. Wilmouth as well.~JJL Over the last three weeks, the September-December E-mini Russell 2000 calendar spread traded 1 million times. Current open interest…

Using A.I. to Address the Compliance Challenge Feature,Video,video

“Historically for a lot of these artificial intelligence tools, they were very bespoke builds — and a lot of them still are. What we’re really working on is taking the concepts and building more generic tool sets that you can provide to lots of different people.”  As regulatory scrutiny spreads to more asset classes, so too do the challenges for compliance teams. Tony Sio, head of exchange and regulator surveillance with Nasdaq, believes artificial intelligence is the way forward. Artificial intelligence has been around in varying forms for years, but it was not accessible to firms due to the associated…

JLN Exchange Leader Series 2017: Durkin Says CME Growth Is All About Customers Exchanges, OTC & Clearing,Feature,Interview,Video,video

CME Group is proud of the diversity in its product lines – from a broad range of commodities to a full suite of interest rate, index and FX contracts. That range of contracts has allowed the exchange to “hit” consistent winners somewhere on the board, as markets move from one sector to another. Bryan Durkin, president of CME, told JLN at the FIA Boca 2017 conference, that energies, metals, interest rates and FX posted solid, if not record volumes last year. This year, they hope that diversity continues to pay off. “We really focused on our international footprint,” Durkin said….

Direct Match’s Jim Greco and William O’Brien Talk Treasuries – Traded Electronically Blog

Source: www.vpsi.org

Direct Match is a FINRA-registered broker dealer that recently announced plans to offer an all-to-all electronic trading platform for US Treasuries later this year – the first of its kind.  JLN spoke with Jim Greco, the company’s CEO and co-founder, and William O’Brien, its new executive chairman, about the why and the how of the new platform. Q: How did the idea of founding Direct Match come about? Jim: I’ve been involved in the markets for a long time, on different sides. I worked for Getco and built the platform KCG Acknowledge, which was a bilateral streaming platform for trading…

2016 Exchange CEO Series: SGX’s Boon Chye Expanding With New Products, New Platform in 2016 Video

Loh Boon Chye took over the Singapore Exchange CEO post in July 2015 with a focus on growing the overall business in derivatives, clearing and equities. But he faces headwinds across the asset classes as China’s economy slows. Boon Chye, however, believes the exchange is well positioned to move forward in 2016. SGX has made a name for itself by introducing equity index futures with the Nikkei 225 futures, among others. The exchange now is broadening its China product suite with the introduction of a series of equity derivatives based on MSCI indexes including the MSCI China Free Index. The…

It’s Easier This Way: Justin Llewellyn-Jones of Fidessa Maps A Compliance Path for Firms Interview,Regulation,Tech / HFT,Video

Today, firms are dealing with three major issues: regulation, compliance and global economics. None of the three are friendly to brokers and trading firms, and that’s where Justin Llewellyn-Jones, chief operating officer of Fidessa, believes there is opportunity. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf last month at the IDX conference in London, about how Fidessa is developing new technology that will assist firms in making the trading, risk and account management, and compliance task easier. “We have that order management system and that global footprint around the global order management system as well,” he said. “But we are also…

John Lothian Newsletter: New Swaps-Trading Venue, KerbX, in the Works; Wall Street finds a foreign detour around U.S. derivatives rules; Bats chief calls on EC to ‘take on’ data pricing John Lothian Newsletter,Newsletter

A new off-exchange derivatives trading platform is under construction, possibly with the goal of registering as a new Dodd-Frank-inspired swap execution facility. Some US banks, facing stricter derivatives regulation when dealing with foreign customers, are gearing up to continue trading old-style by using foreign affiliate companies for handling transactions. The head of BATS in Europe calls for EU help in changing the way its competitors price trading data. In First Read today, see JLN’s interview with Rick Lane of Trading Technologies, as he talks about trends in mobile trading and how TT is rebuilding its products to meet modern trader…