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Tag Archives: ESMA

The Tough Question: What Will European Markets Look Like In Two Years? Blog,Commentary,Feature,Regulation

Markets continue to struggle with the prospects of a new political future and structure. Steven Maijoor, chair of European Securities and Markets Authority (ESMA), told the audience at the IOMA, World Federation of Exchanges Clearing and Derivatives Conference in Frankfurt on Thursday that there are challenges for the EU’s long pursuit of a single rulebook. Brexit will have a “negative impact” on efforts for market harmonization, as well as the so-called capital market union in the EU. David Wright, chairman of Eurofi Paris and partner at Flint Global, said the United Kingdom will have to be a “rule taker and…

Sweet 16: The Tops for 2016 Special Report

At last fall’s FIA Expo Chicago, John Lothian News partnered with Cinnober Financial Technology to  bring you industry conversations, where we conduct short interviews with industry participants on the important topics facing the financial markets. The 2015 theme is “Sweet 16: The Tops For 2016.” What technology, regulation, exchange or macroeconomic issue or trend will be most important to our industry next year? We will take the 16 best ideas and thoughts and package them in a John Lothian News video series. Here is what our participants had to say: Part 1 – Exchanges: Exchange leaders will be dealing with…

Sweet 16 Honorable Mention – Regulation Interview,Regulation,Video

Exchange leaders will be dealing with big changes at their respective companies in 2016, from launching new competing markets and dealing with new regulation to integrating new data acquisitions to expanding across different time zones. The John Lothian News Sweet 16 Series featured our best ideas and thoughts about exchanges, regulation, economics and technology. But there are still more great ideas for 2016 that made our honorable mention. Here are comments from Art Hahn of Katten, Travis Schwab of Eventus Systems, Steve Probst of Global Risk, Brendan Bradley of Eurex, Justin Llewellyn-Jones of Fidessa on regulation.

Sweet 16: The Tops For 2016 – Regulation Interview,Regulation,Special Report,Video

Regulation is always front and center and it will be once again next year. In our John Lothian News Sweet 16 Series, we spoke with Timothy Massad, Gary DeWaal, Dan Roth and Marisol Collazo about everything from the CFTC’s regulatory framework to the impact on innovation to harmonizing data. Here’s what they had to say. The Sweet 16 Series features the top 16 ideas about exchanges, regulation, economics and technology, drawn from 38 interviews conducted at the FIA Expo Conference in November 2015.

Bürgenstock Revisited, Again Blog,Commentary

The SFOA Conference is in Survival Mode, But Has Hope The SFOA’s Bürgenstock conference concluded Thursday without fanfare and without its CEO present. A sparsely attended lunch was the last event on the docket. SFOA CEO Daniel Day-Robinson was reportedly in the hospital after falling ill Thursday morning of an unknown ailment. The conference reportedly attracted some 140 participants and some 40 regulators for a parallel program, according to SFOA sources. There was some cross-pollination of the regulators with the regular program, but not much, which was disappointing. There was a moment of silence at the beginning in the memory…

John Lothian Newsletter: Norway’s sovereign wealth fund urges exchanges to adapt; The Irresistible China Trade That Keeps Burning Investors; Europe adopts rules to force OTC swaps clearing John Lothian Newsletter,Newsletter

First Read MarketsWiki Education, Chicago 2015, Day ThreeDoug Ashburn – JLN Today is the day of our third and final session of this year’s intern education series in Chicago. Headlining today’s sold-out event, held at the recently-renovated event space at Trading Technologies, will be Chicago Mayor Rahm Emanuel. He will be followed by Phupinder Gill, CEO of our Global Premier Sponsor CME Group. Next comes veteran industry compliance executive Mary McDonnell, Chicago Stock Exchange CEO John Kerin, and the event concludes with CBOE business development head Andrew Lowenthal Not coincidentally, today is also the day we release the first of…

Reg Roadmap: European Regulation Winding Its Way Forward Regulation,Special Report

The European regulatory overhaul has been long and winding as industry participants grapple with three major initiatives simultaneously: EMIR, MIFID II and Basel 3, just to name a few. Even with the recent delay of MIFID II standards to September, regulatory experts say there is progress on some key areas, including an ongoing effort by US and EU regulators to find common ground on key sticking points, such as margin rule differences. Scroll through to view the full story with photos and video, or click here for the full layout.

John Lothian Newsletter: Central Bankers Turning Less Market-Friendly; ISDA rallies support for derivatives data reporting rethink; Britain Tries to Dodge Its Own Waterloo in Tangled EU Debate John Lothian Newsletter,Newsletter

First Read Swap Meet: Eris Exchange’s Neal Brady Sees Capital Efficiency Driving Growth of Standardized Swap Contracts Basel III and other capital rules are coming into into force, making efficient use of capital a global priority. As Eris Exchange’s swap futures contracts continue to set new volume and open interest records, and as ICE begins listing interest rate and credit derivatives based on the Eris methodology, Eris CEO Neal Brady sat down with John Lothian News editor-at-large Doug Ashburn to discuss the emergence of swap futures as an important tool in the new financial order. Watch the video »…

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…