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Tag Archives: DGCX

CFTC Reproposes Position Limits, Adopts Aggregation Regulations; Some Thoughts by OCC on Risk Management; VIX Falls 14% But Futures Signal Market Turbulence in 2017 Newsletter,Options

Observations & Insight Challenging the Status Quo: Cinnober Aims To Break Into The Back Office Clearing Space Jim Kharouf – JLN There was a time when many thought there wasn’t really much of a market for full clearinghouse solutions with real time clearing and risk management. But in 2007 and 2008, Cinnober successfully pushed into the space and carved out a nice niche for itself, especially as the global financial crisis illustrated the intense need for such solutions. Now, the company is pushing into the established space of back office clearing for clearing member banks and brokers. That space is…

John Lothian Newsletter: The world should fear an emerging market rout; IMF delays China’s bid for global reserve currency status; Global tagging system proposed for derivatives trades John Lothian Newsletter,Newsletter

First Read Profiles: Blair Hull It’s not every day you hear one of the most successful traders and businessmen in the industry say he got his start as a card counter in blackjack. “My brother-in-law told me that he made money in Lake Tahoe, enough money to pay for his vacations,” he said. “I said “Well, if you do that consistently, you should be betting a lot more money and you wouldn’t have to be an accountant.” So Hull put his own money where his mouth was and took up the game of blackjack for five years learning probabilities and…

John Lothian Newsletter: Why the S.E.C. Could Use Commissioners With Wall Street Experience; Top US fund managers attack regulators; Thousands more Madoff victims may get payouts John Lothian Newsletter,Newsletter

First Read FinTech Chicago Gets Democratic Today’s financial technology dialog is often about a word you don’t usually associate with it – democracy – bringing software, data, reporting, testing and trading to the masses. And it’s not just one size for everyone – its customizable too. At the FinTech Exchange 2015 Chicago event, 13 firm executives spoke during its lightning round. So John Lothian News took the best of two hours of presentations and condensed into 3 minutes. Here’s how some of those firms are democratizing and customizing technology for all of us. Watch the video » ++++ Mikhael…

JLN Options: Options Traders Discard Safety Net as Stocks Rise Newsletter,Options

Lead Stories Options Traders Discard Safety Net as Stocks RiseKaitlyn Kiernan, The Wall Street JournalIn the new year, options traders seem to have settled on a resolution: no more hedging for the worst.**TD Ameritrade’s Joe Kinahan: “What we know about the government is that they like to push everything to the last minute.”   Uh huh. — SR FX options clearing analysis in final stagesJoel Clark, Risk MagazineThe GFMA’s global forex division is understood to be close to completion of its analysis of five years of options trading data – a project that is intended to lead to a…

John Lothian Newsletter: BATS unveils retail order discount plan; Trading volumes soar on Dubai exchange; Standard Chartered Settles Iran Inquiry for $340 Million John Lothian Newsletter,Newsletter

BATS Exchange starts up a retail discount plan in order to stay competitive with NYSE Euronext.  Dubai’s DGCX sees new product offerings and incentives to trade pay off in a big way, as volumes over last year nearly triple.  Standard Chartered bank agrees to settle in a hurry with New York regulators for hiding transactions with Iran.  In today’s First Read, take a look at a WSJ video that provides an overview of the Peregrine fraud, and includes comments from John Lothian, who fortunately takes a supporting rather than feature role in the piece.

Cinnober CEO Javier Tordable Discusses the Company’s Recent Partnerships Interview,Tech / HFT,Video

Javier Tordable

Javier Tordable, who took the CEO post at Cinnober in March, has inked notable trading platform, clearing and surveillance technology deals with the Dubai Gold & Commodities Exchange (DGCX) and The Stock Exchange of Thailand (SET). This week, the firm announced a deal to provide clearing technology for the London Metal Exchange (LME). In our recent interview during the FIA-FOA International Derivatives Expo in London, Tordable talks about the DGCX deal, the acquisition of Nomura’s Swedish technology development center in Umeå, Sweden, as well as where technology is heading. Interview by John Lothian News editor-in-chief Jim Kharouf.