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The future of futures markets: Exchanges looking to fail fast Blog,Commentary,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Mwiki

Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations of prototypes,” Preuss said. “In the world I am aiming at, the business IT and operations…

High-frequency traders discredit Japanese stock market narratives; Deutsche Boerse expects EU statement of objections to London Stock Exchange merger in second week of December; Virtu calls on US regulator to examine risks of ETFs John Lothian Newsletter,Newsletter

First Read Happy Thanksgiving John Lothian News Team Just a quick note to say Happy Thanksgiving to all. It’s a great time to sit down with friends and family and reflect on the things we are grateful for. We are especially grateful for all of you, our readers, sponsors, friends and family. We are thankful for all of you. We wish you a safe and happy holiday. We’ll be back on Friday. ++++ The Commodities Disruptor by Chris Outcalt – Galvinize It was 3 a.m., and the warm Kenyan air smelled of jet fuel. Julie Lerner had just completed a…

Bits & Pieces Blog,Commentary,MarketsWiki Education

First things first. Have you signed up your interns yet for our Chicago or New York MarketsWiki Education World of Opportunity series? Today is the day. Go here to sign them up. We have added John Rapa, chief executive officer at Tellefsen and Company, as a speaker for our MarketsWiki Education World of Opportunity New York events. He joins Nasdaq president and COO Adena Friedman, veteran equity strategist and CNBC personality Kenny Polcari, Gary DeWaal, arguably the most entertaining derivatives lawyer on the planet, and an additional half dozen financial luminaries in a one-day, two-session event July 19 at the…

John Lothian Newsletter: London Stock Exchange wins shareholder support for Deutsche Boerse deal; Costly data battle heats up between traders and equity exchanges; Battle lines drawn over London’s role in euro clearing John Lothian Newsletter,Newsletter

First Read Seeking a win-win outcome after Brexit for financial services; Brexit does not end the UK’s dominance of trading and efforts to dismantle it may hurt Europe moreSteve Grob of Fidessa in FTSo, the stark reality of Brexit is setting in much like the feeling you get upon awakening after a long night out. “What just happened?” and “what do I do next?” seem to be dominating most people’s thinking right now./goo.gl/o0fDbu ***** We need the Steve Grobs of the world now more than ever. Thought leader, consensus builder, raconteur. ++++ Top Wall Street Regulator’s Salary Approaches $3 Million;…

John Lothian Newsletter: CME Group to launch renminbi futures; RBC Completes World’s First SEC-Registered Covered-Bond Deal; Australia’s Fin Sector Faces Tough New Crisis Rules John Lothian Newsletter,Newsletter

CME Group steps up to go head to head with HKEx as it announces new offshore renminbi futures products.  Canada’s RBC sells a world-first box of publicly traded, USD-denominated covered bonds.  Australia’s APRA regulator may be given additional power to install new management at banks and other financial institutions when it believes that failure may be imminent.  And in today’s First Read, John Lothian finally announces his retirement… of a sort.