Breaking News

Tag Archives: FCA

HKEx’s chief defends LME deal; Exchange CEO search; Susquehanna entering sports betting John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Happy Halloween! Our second compilation video from FIA Expo is out and can be seen below. It is the companion piece to yesterday’s MiFID II video. ~SD DePaul is holding their fourth annual Cyber-Risk Conference on 11/28 at the Chicago Loop campus from 8:30 AM to 4 PM.~JJL Former CBOT and MidAm member Darren S. Bohm passed away. I knew him from my days of trading on the MidAmerica Commodity Exchange. He most recently was with Tradelink, according to his LinkedIn page.~JJL Want to hear something scary? Physical gold investors in Canada…

Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable; Digital-Coin Companies Shrug Off SEC Scrutiny; Commodities giant Noble Group shrinks down as it warns of $1.8bn loss John Lothian Newsletter,Newsletter

First Read Hits & Takes Yesterday’s most viewed pages on MarketsWiki included Diane Swonk, LedgerX and FIA Futures Hall of Fame. Among other interesting viewing stats, Sernova Financial, the cloud-based post-trade clearing utility, has been viewed 465 times since we created a page on the firm on July 11. Not bad. ~JK Just in case you missed our second most read piece yesterday, here is the JLN story: Are we seeing the end of Wall Street and the beginning of a new one? ~JK Did you know that the CFTC’s Commitments of Traders report traces its roots to 1924? Or…

Frankfurt Is the Big Winner in Battle for Brexit Bankers; Robotic Hogwash! Artificial Intelligence Will Not Take Over Wall Street; Wall Street Profits by Putting Investors in the Slow Lane John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Yesterday was a success for the MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech in Chicago. We had six strong speakers who were appreciated by the audience of industry interns. Rick Cooper, a professor at IIT’s Stuart School of Business, talked about the importance of the markets for funding companies and ensuring fair prices, and how participants help the economy in general by driving out market inefficiencies. Tom Sexton, NFA CEO, said that without regulation from bodies such as his (and FINRA, and the CFTC, etc.)…

European watchdogs to clamp down on risky retail trading; China’s high-frequency traders in retreat after court verdict; Wealth Management Industry Hit by Lower Fees, Fewer New Clients John Lothian Newsletter,Newsletter

First Read Living With Uncertainty Again By Jim Kharouf, JLN Yesterday’s Trading Chicago event, co-hosted by FOW and John Lothian News, brought together more than 30 speakers and about 210 participants who addressed pressing issues for our industry – ranging from US and EU regulations to technology to markets. As was outlined by keynote speaker Craig Pirrong from the University of Houston, the industry is dealing with the ripple-on effects of the Dodd-Frank Act, or as he likes to call it, “Franken-Dodd.” His relentless critique of the act and subsequent rulemaking by US regulators ended with some resignation that the…

FCA chair Griffith-Jones to depart March 2018; Market Volatility Has Vanished Around the World; The City should not overpay for a euro-clearing deal John Lothian Newsletter,Newsletter

First Read For The Trader Among Us: Trading Chicago If you haven’t registered for the Trading Chicago event on June 29 at the Swissotel in the Windy City, now is the time to do it. We’ve got a great lineup of panels and speakers with a strong emphasis on the impact of regulation, technology and key markets on end-users such as CTAs, hedge funds, proprietary trading firms and asset managers. For full conference information, click HERE ++++ Jim Kharouf on Twitter Live Video for FOW-JLN Trading Chicago Event on June 28 Twitter /www.pscp.tv/w/1MnGnavrXjdKO ***** In case you missed the 11…

China’s Markets Are Tamed—but Not Tempting; Chinese hackers charged with theft from Wall Street law firms John Lothian Newsletter,Newsletter

First Read Multiple Buyers, Not One, Influenced Most Active E-Mini Move of 2016 Alexander Osipovich – WSJ A sharp move in stock-market futures that fueled the Dec. 7 buying in U.S. equities likely reflected trading by multiple buyers, said a market-data firm that shared its analysis with The Wall Street Journal, a shift from its prior conclusion—published by the Journal—that a single buyer was behind the move. The firm, MayStreet LLC, said its initial analysis, which characterized the event as a single $1.8 billion trade with one unknown buyer behind it, was based on a misunderstanding of how CME Group…

Swaps industry balks at joining Trump in gutting Dodd-Frank; Nasdaq’s new chief has company blood running through her veins; Shake-up of fund managers proposed by UK regulator John Lothian Newsletter,Newsletter

First Read 2016 Could Be The Year Of The CEO By Jim Kharouf, JLN Editor-in-Chief Forget the Chinese New Year plunge, Brexit, The Donald or even the Cubs. This is also shaping up as the year of the new CEO, with exchanges and clearinghouses especially, in moves that could reshape our markets in the coming years. The two biggest CEO changes came within days of each other, with Terry Duffy taking the reins as CEO at CME Group from Phupinder Gill and Adena Friedman at Nasdaq, taking over from longtime CEO Robert Greifeld at the start of 2017. They are…

John Lothian Newsletter: ETFs to play main role in the next crisis; A big political battle over Dodd-Frank financial reforms is coming in 2016; Here is what a trader learned from putting together his bank’s most profitable trade ever John Lothian Newsletter,Newsletter

First Read ++++ ‘Star Wars’ Poised to Set Mark for Fastest Film to $1 Billion Christopher Palmeri – Bloomberg Christmas Day sales bring worldwide total to $890.3 million Hitting mark would topple record set by `Jurassic World’ “Star Wars: The Force Awakens” was poised to pass $1 billion in worldwide ticket sales this weekend and become the first picture to reach that mark so quickly. bloom.bg/1QRC66i ***** I saw the movie last night. My soul was not stolen, per my son Robby’s concern. It was good, but I was disappointed actually. Too predictable but you knew I was going to…

John Lothian Newsletter: Germany Blasts Deutsche Bank Executives Over Culture; China Has the World’s ‘Safest’ Equity Market, HKEx CEO Says; SEC Cranks Up Probe Into Fund Firms’ Fees John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Doug Ashburn has been promoted to the position of chief operating officer of John J. Lothian & Company, Inc. He assumes this new role in addition to his roles as head of business development and editor at large for John Lothian News. Previously Jon Matte held the role of COO, one that he assumed when he joined the company in August of 2007 to help start building MarketsWiki.com. Jon left last January for a company in adventure tourism in Norway. Doug joined JJLCO in 2011 as an intern to help us…