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Tag Archives: Euronext

John Lothian Newsletter: ‘Volcker Rule’ Faces New Hurdles; UK watchdog to consider forex rules after probes completed; ICE Remains Committed to Euronext IPO After Liffe Separation John Lothian Newsletter,Newsletter

First Read The mailbox has produced a question: who was this Singaporean who mistook a tiger for a lion? Sang Nila Utama was his name, the legendary founder of the Kingdom of Singapura in the 12th century. He was a prince of Srivijaya the powerful ancient thalassocratic empire (ie. one based on naval supremacy) first mentioned in Chinese records in the 7th century. Which clumsily segues to the proprietor of Sriwijaya Air who last week whisked me off to Indonesia to the Bangka-Belitung islands (better known as “Babel”) to visit his tin mines and refineries. (Also his restaurant, boats, and…

John Lothian Newsletter: ICE secures foothold in growing Asia derivatives market; Three Companies Weigh Bids for Euronext; UK probes private accounts of foreign exchange traders John Lothian Newsletter,Newsletter

First Read Christmas came early for us today at SGX (alright it was Ice, not Snow) – with Singapore likely now to be one of a handful of cities hosting multiple international exchanges. There is much to study and admire from ICE’s pioneering narrative, and (more selfishly) it makes our task of growing the Singapore marketplace now easier. It is good to have a fellow advocate in reaching out to global participants, conveying the Asia derivatives growth story, and locking in their connectivity to Singapore. Singapore derives its name from the Sanskrit words “Singha” (for lion) and “Pura” (for Town),…

John Lothian Newsletter: NYSE’s New Chief Puts Focus on Individual Investors; CME Group hikes transaction fees for 2014; U.S. exchanges outline plans to address Nasdaq trading halt John Lothian Newsletter,Newsletter

First Read ICE seals $10bn takeover with plan to float Euronext Philip Stafford in London and Hugh Carnegy in Paris – IntercontinentalExchange has given the first indication of its plans for NYSE Euronext as it sealed its $10bn takeover by confirming it would float Euronext, owner of the Paris and Amsterdam stock exchanges.***** I’ve seen the Euronext buildings in Amsterdam and Brussels, and I don’t think they’ll float.***JM: I remember seeing ICE seals on a trip to Glacier Bay in Alaska. ++++ Massad’s regulatory skills untested Gina Chon in New York – Timothy Massad’s skills in managing…

John Lothian Newsletter: U.S. SEC releases ‘crowdfunding’ rule; Nasdaq CEO Says Nasdaq Is a ‘Credible Buyer’ for Euronext; BATS-Direct Edge Merger Receives Anti-Trust Clearance John Lothian Newsletter,Newsletter

First Read Options’ Glass is Half Full: Gary Katz Says Industry is Doing Gary Katz, president and CEO of the International Securities Exchange (ISE), has seen the options markets change dramatically since he co-founded the all-electronic options exchange in 2000. His exchange launched ISE Gemini in August, representing the 12th US options exchange. Katz sat down with JLN editor-in-chief Jim Kharouf to talk about where the US equity options business is today, why almost flat volumes isn’t a bad thing, and how this industry can keep growing, even in a low volatility, low interest rate environment. Watch the video…

John Lothian Newsletter: NYSE Wins Twitter in Blow to Rival Nasdaq; Dutch, French regulators vie for control of Euronext; Bond Investors Said to Mull Consortium in Trade Talks With Banks John Lothian Newsletter,Newsletter

First Read Regulation leads to exchange regionalisation: NYSE Euronext official Reuters Diverging regulation of financial markets will lead to a regionalisation of cash markets and make future consolidation between U.S. and European exchanges unlikely, the Executive Vice President of NYSE Euronext said on Tuesday. ***** Competition is funny. Where there is a will, there is a way, even if you have to overcome tremendous barriers. ++++ Machines Trading $400 Billion of Bonds as Humans Retreat Lisa Abramowicz – Bloomberg A record share of U.S. corporate-bond trading has moved to computers as buyers who traditionally transacted over the phone seek…

John Lothian Newsletter: Exchange CEOs See Euronext Sale Reshaping EU Equity Market; Hedge Funds Win Collateral Reprieve in SEC Dodd-Frank Shift; UK short-selling suit to test Esma powers John Lothian Newsletter,Newsletter

Industry execs see the possible sale of Euronext as shaking up the exchange balance in Europe. Asset managers get a welcome exception to Dodd-Frank credit-default swap collateral rules from the SEC. In the UK, a lawsuit over short selling rules could be a larger test over the power that cross-border regulators may wield in the future.

JLN Options: Big Sony options action before Loeb stake raises eyebrows Newsletter,Options

Lead Stories Big Sony options action before Loeb stake raises eyebrowsDoris Frankel, Reuters (via Chicago Tribune)A surge in option market bets on Sony Corp just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may have had advance word of the news. VIX Rises on Tuesday Despite New S&P 500 Record HighWall Street Sector SelectorVIX managed to increase on a day when Small Business Confidence Index beat expectations and the S&P 500 set new record intraday and closing highs. VIX Moves With Stocks as…

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.

John Lothian Newsletter: Open-all-hours bourses battle for market share; France Pitches Euronext Investment to Banks; CME looks to Chile as copper contract gathers momentum John Lothian Newsletter,Newsletter

Hong Kong Exchanges starts extended trading hours in some of their products, in a bid to capture increased volume from global participants. The government of France is calling on some of its largest banks to take a stake in the possible Euronext spinoff. CME Group considers Chile as a possible copper warehouse location, as the exchange’s copper contract accumulates more market share.