“If you had to name one thing that is most highly correlated with successful people, what would it be? Frankly, a few years ago, I didn’t have a great answer for it. So, the more I thought about it, I came to the conclusion that self-awareness is probably the most important thing.” In this video from MarketsWiki Education’s World of Opportunity event in New York, former NYSE Euronext CEO Duncan Niederauer discussed the importance of being self-aware, how to determine if you’re moving in the right direction, why it matters and how you’ll know if you are following the “script”….
Tag Archives: Duncan Niederauer
CME Group bids for LSE’s French clearing business; The Royal Mint and CME Group to Launch Royal Mint Gold; Joint Deutsche Bundesbank and Deutsche Borse blockchain prototype John Lothian Newsletter,Newsletter
First Read Smile When You Buy Just Like You Do When You Give By John J. Lothian Today is GivingTuesday. I can only suspect this new holiday was created to give some balance to Black Friday and Cyber Monday shopping extravaganzas. Today we are supposed to pause from our excessive consumerism and give something back to worthy charities. Thanks to our friends at Amazon, you can turn every day into GivingTuesday through the Amazon Smile program (smile.amazon.com). When you buy items from Amazon, and click on the Smile URL, you can select a charity to which Amazon will give .05…
As we head toward the end of a rather difficult year for most exchanges, we also appear to be headed toward the next round of consolidation in the industry. IntercontinentalExchange (ICE) has pulled off the once unthinkable – It has bought NYSE Euronext. The deal, valued at $8.2 billion, is a blockbuster the industry hasn’t seen in a few years (LME-Hong Kong Exchanges notwithstanding), and it could launch the next round of consolidation in the industry. The futures and options markets have undergone dramatic and somewhat predictable changes in the past decade. The move from member-owned to publicly-owned exchanges opened…
John Lothian Newsletter: Exchanges Retreat on Trading Tools; Tradeweb launches ETF platform; NYSE chief laments complex markets John Lothian Newsletter,Newsletter
Fund managers and regulators are displeased with US exchanges over certain order types that they say creates an unfair disadvantage for their clients. Platform operator Tradeweb launches a new service that provides multiple price quotes for ETF products to traders. NYSE Euronext chief Duncan Niederauer wants a complete review and overhaul of the structure of US financial markets, believing that the system as a whole has become too complex to serve its essential functions.
John Lothian Newsletter: Tokyo, Osaka bourses say their merger approved; Maple-TMX Group merger clear approval hurdles; NYSE Plan Angers Brokers John Lothian Newsletter,Newsletter
Good progress (for a change) made on a couple of exchange mergers. Tokyo and Osaka stock exchanges announce that they got a vote of no-interference from the regulator reviewing their merger plans; and TMX Group gets a not-red light to proceed with the Maple Group buyout as well. In the USA, NYSE Euronext’s plans to go head-to-head with dark pools generates hissing and grumbling from some brokers. You can read NYSE Euronext’s Duncan Niederauer’s point of view in First Read today; today’s newsletter also includes an extra LIBOR section to corral the latest news about this very much still-unfolding scandal.
John Lothian Newsletter: NYSE Sees Danger Of Exchanges Becoming ‘Showrooms’ For Prices; HFT curbs may take Europe ‘back 7 years’; Hedge funds may be allowed direct access to China markets John Lothian Newsletter,Newsletter
NYSE’s Niederauer sees the danger of a exchanges becoming a place where traders browse for quotes before doing their actual trading off-exchange. The FIA EPTA in Europe warns that HFT regulation and slowdowns may move market progress back several years. Chinese regulators are considering allowing foreign hedge funds to directly trade in domestic companies and financial products. In the top box, John Lothian discusses the importance of reading what one is given; and you’ll also find a reminder, in case you missed yesterday’s special report, to come help us improve MarketsWiki next week.
John Lothian Newsletter: CFTC Requires Registration by Mutual Funds With Commodities; NYSE Euronext Chief Faces Up To Standalone Challenges; Eurozone dismisses Greek budget deal John Lothian Newsletter,Newsletter
The CFTC votes 4-1 to require commodity-including mutual funds to register with the agency. NYSE-E’s Duncan Niederauer faces a DB-less future, and surveys the coming challenges. In the latest episode of, “There Will Be Greece,” the Eurozone turns its back to the Mediterranean country’s latest budget cut package, calling it incomplete. In the top box, JLN Editor-in-Chief Jim Kharouf takes a swing at JLN Boss-of-All John Lothian’s opinion of CME Group’s CBOT Building deal; and John bids adieu to Jeremy Grant of the Financial Times (who is only moving to Singapore, not offworld).
John Lothian Newsletter: After a Delay, MF Global’s Missing Money Is Traced; Brussels blocks DB-NYSE merger; NYSE board stands by Niederauer John Lothian Newsletter,Newsletter
MF Global investigators declare that they have traced nearly all of the missing money, but they are so far unwilling to share the details for fear of harming their investigation. In Europe, regulators made their heavily-telegraphed announcement to block the DB-NYSE Euronext merger; reactions are relatively undramatic, including a thumbs-up to NYSE-E CEO Niederauer from his board. In the top box, John Lothian writes about the need to make MF Global customers whole, pointing out that one way or another, payment will be extracted from the industry for MF Global’s sins.