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Tag Archives: Euroclear

JPM’s $65m ISDAFIX fine; EU HFT rules; Blockchain for margin and collateral? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The MontrÈal Exchange announced new futures on exchange-traded funds (ETF) and trust units are now available.~JJL The European Banking Authority released its 2017 annual report. A few of the key areas earmarked for extra focus in 2018 are: preparation for Basel III implementation, improving credit risk modelling, developing a common framework for non-performing loans, and third-country equivalence.~SD According to a recent study from FTSE Russell, “the green economy represents 6 percent of the market capitalization of global listed companies, approximately US$4 trillion.” That’s roughly the same as fossil fuels. ~SD Bank of Canada…

Future of Swiss Banking Hangs in Balance as Voters Head to Polls John Lothian Newsletter,Newsletter

swiss flag country

First Read Hits & Takes JLN Staff Mark Ibbotson passed the Kilt Challenge on to the FIA’s Emma Davey at the IDX gala in support of Futures for Kids last night. Ibbotson raised £10K of his £14K goal. Of course, if you forgot, you can still donate.~JJL The Chicago Bar Association on June 8 will be presenting a program focusing on enforcement, crypto derivatives and cybersecurity, with Cliff Histed, a partner of K&L Gates LLP, leading the enforcement update panel. This in-person-only futures and derivatives update from the CBA has an impressive lineup of speakers from the CFTC, US Attorney’s…

Cohn leaving White House; Dash Financial Technologies buyout; Crypto a commodity – judge John Lothian Newsletter,Newsletter

First Read Bitcoin and Blockchain: A WILD Opportunity Sarah Rudolph – JLN Bitcoin is not at the dizzying high it was back in December, but interest in cryptocurrencies and blockchain is still strong. The world of crypto and distributed ledger technology keeps expanding, with CME and Cboe now trading bitcoin futures, companies getting into initial coin offerings, cryptocurrency meetups forming, and the list of cryptocurrencies getting longer every week. Women In Listed Derivatives (WILD) and Morgan Lewis jointly hosted a panel on the future of blockchain and cryptocurrencies Tuesday evening to a packed house. The main takeaway on cryptocurrency from…

Paxos using blockchain to fix problems in capital intensive businesses Feature,Video,video

Charles Cascarilla, CEO of the fintech company Paxos, says the current way of dealing with back and middle office post-trade processes is too manpower-intensive and is hindering businesses. He believes blockchain is the solution to some of the problems affecting capital-intensive businesses. Since the financial crisis, exchanges have eliminated 10 percent of costs out of the front office but only five percent out of the back and middle office, because firms are using old technology, Cascarilla said. Enter blockchain, a distributed ledger that lets everyone use a shared books and records system, getting rid of the need for different firms…

A Blockchain Solution to Gold Settlement Issues Blog,Metals

Gold Bars

Amid all the talk of blockchain and its applications for the financial and trading worlds, Euroclear and ItBit have gotten together to come up with what they feel is a solution to some of the problems in the gold market, in particular the settlement of unallocated gold. The two companies are partnering to develop a blockchain-based service which lowers costs, makes delivery and payment systems more efficient, and reduces balance sheet issues. The service uses New York-based ItBit’s blockchain technology called Bankchain, which provides tracking, clearing and settlement of trades. Addressing efficiency problems in the gold markets is no easy…

John Lothian Newsletter: CFTC Proposes Measure to Keep Futures and Swaps User Collateral Safer; Regulators say bitcoin poses ‘financial stability risks’; 7 major financial institutions join forces to develop blockchain infrastructure for SME post-trade John Lothian Newsletter,Newsletter

First Read Bits & PiecesJLN Staff We are a day away from the big U.K. referendum to decide whether or not Britain should remain in the European Union. Have you participated in any of the numerous pre-vote polls out there? Well, here’s your chance, compliments of our friends at Trading Technologies. Click HERE to play. In the demographic survey we conducted earlier this year, one of the questions asked participants whether they would be interested in joining a focus group to help advise us on some elements of our newsletters and sites. Later today we are asking the focus group…

John Lothian Newsletter: Dick Grasso Returns to U.S. Stocks, on a Smaller Stage; US Treasuries market faces liquidity concerns; Investors boost clearing of credit swaps Blog

First Read Bits & Pieces By John J. Lothian We are in the final preparation stages for our Chicago Summer Intern Education Series, part of MarketsWiki Education’s World of Opportunity. If everything goes as planned, it should be our best series yet. We have already begun planning for our London series, tentatively set for October 14 & 15. Hopefully this time I will get to spend more time in London than I did during my last visit. I was hoping Mike Bloomberg’s new mansion was going to be offered on Airbnb. Doug Ashburn and I are off this afternoon to…

John Lothian Newsletter: Former Chi-X chief eyeing bid for Euronext; DTCC and Euroclear to share collateral pool; Bloomberg Admits Terminal Snooping John Lothian Newsletter,Newsletter

Peter Randall, ex of Chi-X, starts the process of putting together a consortium to make a run for the Euronext exchange group. Clearinghouses DTCC and Euroclear plan to team up and give each other access to their collateral inventory to help improve liquidity. Bloomberg News admits that reporters have been monitoring the use of financial terminals by the company’s clients.