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CBOE Downplays Early Close of Bats Deal; Why Wall Street’s Top Cop Criticized by Warren Could Stay Awhile; Bargain-hunting funds grab high stakes in metal trade start-ups John Lothian Newsletter,Newsletter

CBOE

First Read More Conferences By JLN Staff John Lothian & Co. is in London today for its Marketswiki Education series. It’s also LME Metals Week in London. We’ll keep you posted on both events. Meanwhile, there are more events to consider attending. Our friends at Baruch College and the Tabb Group are combining on a Financial Markets Conference in New York on Tuesday, November 1 at the William and Anita Newman Vertical Campus 14th floor, Conference Center. Robert Schwartz and Larry Tabb are the organizers. The sponsors include Bats Global Markets, BIDS Trading, CBOE Holdings Inc., CODA Markets, Instinet, Modern…

Run Gary Run Blog,Commentary,Mwiki,ReformWiki,Regulation & Enforcement

It has been almost two years since Gary Gensler left the Commodity Futures Trading Commission as perhaps its most talked about, debated and in some circles, despised chairman. To some, his unrelenting drive to pound home rules established by the Dodd-Frank Act was considered a declaration of war against the derivatives industry. To his supporters, his determination was lauded, and he was considered one of the guys who was ready to stand up to Wall Street and LaSalle Street all in the name of Main Street. Now Gensler has grabbed attention this week at the FIA Expo in Chicago. On…

Market grows for ‘regtech’, or AI for regulation; This Startup Is Using A.I. to Speed Up Financial Compliance; Elizabeth Warren urges Barack Obama to fire SEC chief Mary Jo White John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Jim Kharouf Next week is one of the biggest weeks of the year for the industry, with FIA Expo in Chicago from October 18th (opening night) to October 20th. John Lothian News will be publishing two interesting pieces in the coming days that we hope will serve as discussion points during the show and beyond. JLN Associate Editor Spencer Doar has put together a special news report on the growth of options on futures. That segment of the business has grown dramatically in recent years and may continue to be one of the growth…

John Lothian Newsletter: SunGard Is Said to Be in Sale Talks With Fidelity National Information; China watchdog extends pursuit of short sellers to HK, Singapore; China targets high-frequency traders in ‘spoofing’ probe John Lothian Newsletter,Newsletter

First Read It’s a MAD MiFID II world now, and US firms should prepare By Erik Donelson, special contribution to John Lothian News Note: Erik has been working as a regulatory intern at John Lothian News since April 2015. On the last day of his internship, he attended an FIA event in Chicago – “What Every Market Participant Should Know about MiFID II.” Below are his thoughts and observations from the event. MiFID II enforcement is coming, and it’s going to affect all market participants, including those in the United States. As ESMA and the European Commission finalize the technical…

John Lothian Newsletter: London’s financial centre will grow if Britain stays in EU; Elizabeth Warren Calls S.E.C. Chief’s Tenure ‘Disappointing’; BoE said “no decision” on ICE’s Emir approval John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Jim Kharouf and RJ Roxas have done a terrific job of taking the FinTech Exchange Chicago 2015 video we shot, combining the event’s lightning round of speakers in a new format for John Lothian News. Jim had discovered the Sway multimedia tool from Microsoft and used this to tell the story of this sold out Chicago fintech event organized by Barchart.com. You can see the presentation below. I suggest you click on the link to see the whole layout and design on Sway.com to get the full effect. I love Jim’s…

John Lothian Newsletter: Goldman’s Self-Defeating Case Against a Programmer; Bond platforms look to bury archaic phone trading; LSE Enters Contest to Build European Dark Pool Called Plato John Lothian Newsletter,Newsletter

First Read Brazilian Bits Jim Kharouf – JLN The World Federation of Exchanges/IOMA Derivatives and Clearing Conference got underway in São Paulo, Brazil on Monday. Market regulation and clearing issues ruled the day’s panels. Here are a few bits from this beautiful, gritty and sprawling city which has more trees and traffic than expected, as well as graffiti that appears to be on almost every building, on every story. One could only ask two questions – why and how? Stu Wexler, regional COO and general counsel of ICAP North America, made the point that the CFTC’s overreach, often dubbed extraterritoriality,…

John Lothian Newsletter: ‘Groundhog Day’ Sets Tone for Assault on Europe’s Futures Giants; irtu IPO Tests Perceptions of High-Speed Trading; Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser John Lothian Newsletter,Newsletter

First Read Best of Both Worlds: Fidessa’s Steve Grob on Keeping Tech Costs Low JohnLothianNews.com With rapid changes in the financial industry, firms are challenged to keep their technology robust and resilient while at the same time being secure and compliant, says Steve Grob, director of group strategy for Fidessa. He spoke with John Lothian News at the FIA Boca conference about this technology balance as well as what companies like Fidessa are doing to address IT costs. Watch the video » ++++ Eurex Exchange co-sponsors University of Chicago Midwest Trading Competition Eurex On 11 April 2015 Eurex Exchange has…

John Lothian Newsletter: ICE to change Isdafix calculation; U.S. regulators should study oil slump – CFTC official; CME Group to launch euro-denominated cocoa contract John Lothian Newsletter,Newsletter

First Read Just Floored: Who Says Jeff Sprecher hates open outcry? Jim Kharouf – John Lothian News (Rerun from last Friday in case you missed it.) Open outcry is still alive and well in New York. The New York Stock Exchange opened a new trading floor for the NYSE Amex options market this week, a completely renovated space that also houses: NYSE’s US cash equities, ICE Futures US members, NYSE Arca’s customer service and the NYSE/ICE’s national operations center. The 7,000-square-foot space, with 22-foot ceilings, has been renamed “The Buttonwood Room,” a tip of the cap to the origins of…

John Lothian Newsletter: CME Group fines three firms for automated trading violations; UK to extend Libor manipulation laws to cover gold, oil, silver; ICE Has Unlikely Ally on Trading Proposal John Lothian Newsletter,Newsletter

First Read Sad News from JLN We are saddened to report that Jim Kharouf’s father passed away Sunday in Milwaukee, WI at the age of 81. We will provide more details as they become available. Please keep Jim and his family in your thoughts and prayers during this difficult time amidst the holiday season. ++++ SEFCON Snapshot 2014, Part III: The New Market Structure JohnLothianNews.com The WMBA Americas hosted SEFCON V on November 12, 2014, and John Lothian News was there. We interviewed 14 SEF operators, regulators and participants and put together this three part series on the state of…