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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…

John Lothian Newsletter: State Street set to begin trading futures for rival institutions; BOE Suspends Staff Member in Forex Probe; GBP75 Trillion Payment Systems Industry To Have New Regulator John Lothian Newsletter,Newsletter

First Read The Snow Takes Its Toll John and many thousands of others are taking their time on the way to work today, enjoying the delightful new snow and expressing their gratitude at having been chosen to receive another generous helping of the stuff. He’ll return tomorrow for commentary; meanwhile, ***JM will throw in a few today to brighten your day even further. ++++ CME Group’s turn to move into Asian commodities markets Chiara Milioulis – Medill Reports Chicago It’s now the “Merc’s” turn to make a move. CME Group Inc., locked in a race to extend its global footprint…

Michael Lacson of SunGard Capital Markets Discusses The Latest Regulatory Technology Interview,Regulation,Video

Michael Lacson

As financial markets reform edges closer to completion, firms in the derivatives space are looking for technology and solutions that will help meet the new reporting and compliance requirements. Michael Lacson, director of presales, Protegent, of SunGard Capital Markets talks about how his firm developed compliance technology to deal with the new financial rules set by Dodd-Frank, as well as ESMA, EMIR and MIFID in Europe and those in Asia. The key, he says, was to find the balance between creating flexible technology that firms can adapt to new market regulation and technology that can be integrated into the back…

John Lothian Newsletter: Turkey in talks with LSE, Nasdaq on bourse partnership; UK watchdog swoops on big banks; CFTC Said to Weigh Lower Price-Quote in Dodd-Frank Swap Rule John Lothian Newsletter,Newsletter

Turkey seeks a dancing partner for the country’s exchange, and considers teaming up with the London Stock Exchange and Nasdaq. The Financial Conduct Authority in the UK begins a major sweep of major banks in a probe of the way they work with large pension funds. The CFTC considers reducing the number of Dodd-Frank-required quotes buyers must request before trading swaps.

John Lothian Newsletter: EU to Review Proposed Merger of ICE, NYSE; U.K. Regulator Said to Join CFTC in ISDAfix Manipulation Probe; Liffe Sues Dutch Options Market TOM Over AEX Products John Lothian Newsletter,Newsletter

Regulators for the European Union agree to review the ICE-NYSE Euronext merger plan, simplifying the approval or denial process for the two companies. The UK’s Financial Conduct Authority opens a probe into the ISDAfix rate, joining US regulators in looking for rate fixing. NYSE Liffe sues Dutch platform TOM, accusing the options marketplace of creating equity options without a license.