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Tag Archives: Euronext

A Celebration of and in Paris Blog,Commentary

I visited Paris for the first time last month and fell in love with it. What a beautiful city. What an interesting place to live. I can see why it attracts people from all over the world, including the US, who want to live there. Count me as one of them. My entrepreneurial spirit led me to want to set up a business there. The guys in the office think I am crazy? Crazier? But, I have a plan. You see, I got very excited about Euronext and their growth prospects. And all I heard about was people, including the…

Post-Trade Views: Euronext’s Andrew Simpson on Interoperability and Open Access Interview,Regulation,Video

When the G-20’s finance ministers met in Pittsburgh five years ago, a global consensus was reached on the principles for regulatory reform. Prominent among their concerns was a lack of transparency in OTC derivatives. The Pittsburgh statement set out four priorities – execution transparency, mandatory clearing, data storage and accessibility, and heightened capital buffers: “All standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end-2012 at the latest. OTC derivative contracts should be reported to trade repositories. Non-centrally cleared contracts should be subject to higher capital requirements.” While…

John Lothian Newsletter: Futures giant begins trading at its new London exchange; DoJ raises stakes in forex probe; ING Is Considering Buying a Stake in Euronext John Lothian Newsletter,Newsletter

First Read Newsletter News Recap Sarah Rudolph In case you missed the John Lothian Newsletter on Friday, here’s a brief recap: John is having back surgery on Tuesday and this week begins his four-week absentia from editing the newsletter. We wish him a swift recovery and hope they give him some good drugs. I will share news about how he is doing as soon as I hear anything. In his place (as if anyone could replace…) will be several guest editors. I will be guest editor this week along with Jon Matte, with additional commentary from Doug Ashburn and Jim…

John Lothian Newsletter: BME May Evaluate NYSE Technology Units, Won’t Buy Euronext Stake; ICE Dumps Pepper in Singapore to Pave Way for Asia Growth; Markit and Virtu race for New York IPOs John Lothian Newsletter,Newsletter

First Read The Case for Regional Exchanges Vincenzo La Ruffa – TabbFORUM A return to regional exchanges and the capital markets infrastructure that supports smaller-cap public listings could deliver multiple advantages, including a whole new world of market participants and brand-new opportunities for alpha. jlne.ws/1cjm5xx ***** We are in a global business, not a regional business. ++++ Who is Timothy Massad? Tom Osborn – Risk.net He cooks, he’s quiet, he’s confident, and he will cope with everything Wall Street throws at him. That is the picture painted by former colleagues – and adversaries – of the US Treasury Department’s Timothy…

John Lothian Newsletter: Euronext sees regulatory backing for spin-off in Feb; Bloomberg Leads SEF Market Share; Exporting U.S. Rules for Foreign Banks John Lothian Newsletter,Newsletter

First Read Financial Reform Remains a Work in Progress SIMON JOHNSON – NYTimes.com Of all the arguments put forward by big banks and their allies in recent years against financial reform, the line that surfaced last week was arguably the most strange. Wall Street has been reformed, according to this view: There was a great battle, and we (the big banks) lost. There is, consequently, nothing more to do. jlne.ws/1eUZhpr ***** Battles are won and lost, but the war continues; forever. ++++ AlphaMetrix: We did nothing wrong! Ginger Szala & Edited by Kristin Fox | AllAboutAlpha On Dec.24, 2013, AlphaMetrix…

John Lothian Newsletter: Euronext Said to Plan Sale of Up to 30% Stake Before IPO; Yellen Wins Backing of Senators to Lead Fed; EU bank trading plan stops short of U.S. Volcker Rule John Lothian Newsletter,Newsletter

First Read Disaster Recovery is Staying Warm John Lothian John J. Lothian & Company, Inc. has been in disaster recovery mode the last couple of days, working from home, as the cold weather which has enveloped a large swath of the U.S. Midwest has made it dangerous to go outside. We should be back to normal tomorrow with a return to the CBOT Building. In the meantime, Jon Matte, who lives by the North Pole in Norway, is just laughing at us. Newsletter Subscriptions Due This is the time of year when we ask readers to pay for their John…

John Lothian Newsletter: CME Seeks to Broaden Cash Options in Clearinghouse Default Rules; CFTC Extends Some Swaps Rules to Overseas Firms; Trading tax hurts bid to keep Euronext in French hands John Lothian Newsletter,Newsletter

First Read The Rogue Incumbents of the NFA Board By John J. Lothian Until two years ago the elections for the board of directors of the National Futures Association was a pretty much a sure thing for the incumbents. However, when Doug Bry and Ernest Jaffarian ran as write-in nominees, after not getting the nod from the NFA Nominating Committee, they won election in an upset. A year later James Koutoulas and John Roe ran in the CTA/CPO category as write-in nominees for the NFA board and also won election. This time around Jaffarian and Bry got the nod from…

John Lothian Newsletter: Accounting errors hit INTL FCStone; Sentinel trustee wants Bank of NY Mellon to return $337 million; Trading Error Leaves Korean Broker Scrambling John Lothian Newsletter,Newsletter

First Read Crunch time for exchanges’ ‘vertical silo’ as EU rules finalised Philip Stafford – FT.com After three sometimes interminable years, Europe stands on the brink of agreeing its flagship financial markets legislation. European policy makers meet tomorrow to hammer out the final details for the Markets in Financial Instruments Directive, and an accompanying piece in which some rules are given the greater force of a full-blown Regulation. jlne.ws/1fmss5B ***** What else can we fix that is not broken? ++++ Commodity funds head for record outflow Xan Rice in London – FT.com Commodity-linked investment funds are headed for record outflows…

John Lothian Newsletter: Brakes on High-Speed Futures Trades Would Do Harm; Euronext seeks ETF trading boost; Chicago Fed’s Evans Backs Scrutiny of High-Frequency Firms John Lothian Newsletter,Newsletter

First Read Changes at Nadex and Futures Magazine John Lothian Tim McDermott, the general counsel of the North American Derivatives Exchange (Nadex) has been named the new permanent CEO of Nadex, replacing Yossi Beinart who is leaving to become the New CEO of the Tel Aviv Stock Exchange. McDermott will take over near March after Nadex finds his replacement. In the meantime John Austin, an executive with Nadex parent IG Markets will act as interim CEO. **** We are the first to report this as far as I know. ++++++++ Dan Collins is the new editor in chief of futures…