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Tag Archives: FIA

Threats to US ag trade with China, Mexico ‘far bigger deal’ than TPP’s loss; No Coat, No Tie Leads to Rough Start for Accused Insider Trader; VIX – nowhere to go but up? Newsletter,Options

Lead Stories Threats to US ag trade with China, Mexico ‘far bigger deal’ than TPP’s loss Agrimoney.com Threats to US trade with China or Mexico, which have been raised by Donald Trump’s US presidency, look far more serious than the loss of the TPP deal, a senior CME Group executive said, foreseeing a jump in ag price volatility. Erik Norland, executive director and senior economist of CME Group, downplayed President Trump’s decision on Monday to withdraw the US from the TPP, the Trans-Pacific Partnership free trade deal, saying that “I do not think it really changes very much”. /goo.gl/yIXdau ****SD:…

Challenging the Status Quo: Cinnober Aims To Break Into The Back Office Clearing Space Feature

There was a time when many thought there wasn’t really much of a market for full clearinghouse solutions with real time clearing and risk management. But in 2007 and 2008, Cinnober successfully pushed into the space and carved out a nice niche for itself, especially as the global financial crisis illustrated the intense need for such solutions. Now, the company is pushing into the established space of back office clearing for clearing member banks and brokers. That space is essentially a duopoly owned by FIS, (formerly Sungard, formerly GMI and now called Stream) and ION, (formerly Rolfe & Nolan). And many…

Ding-dong the VIX is dead (but risk is rising); Europe is ‘unlikely’ to seize euro-based clearing from London, says S&P; Yellen Signals Fed Remains Likely to Raise Rates Next Month Newsletter,Options

Lead Stories Ding-dong the VIX is dead (but risk is rising) James Saft – Reuters The VIX, the so-called fear gauge, is dead but the real risk-appetite index is falling. The dollar is the new and true North Star of global markets, according to a study released on Tuesday by the Bank for International Settlements, with a rising dollar coinciding with falling risk tolerance. This just in time for the Trump era, widely expected to bring with it rising inflation and interest rates driving a rising dollar. /goo.gl/UckqBt ****SD: Maybe people always inferred too much from the VIX? Whatever the…

CFTC’s Massad Recaps 2016 Commentary,Exchanges, OTC & Clearing,Feature,Interview,Mwiki,ReformWiki,Regulation & Enforcement,Video

Chairman says Reg AT is next big item on the list to finish before yearend. The futures industry’s regulator had several initiatives in 2016 but the top items were tackling the issue of cybersecurity, margin and the upcoming finalization of automated trading rules. On cybersecurity, the CFTC adopted rules for the exchanges, clearing houses, trading platforms and trade repositories that require more testing of platforms and systems to make them more secure. “That’s probably the biggest single threat to financial stability in our markets today,” said Timothy Massad, chairman of the Commodity Futures Trading Commission, who spoke with John Lothian…

Walt Lukken, FIA – The New Normal and the Five Tips MarketsWiki Education,Video

“We’re in a very exciting industry. Fundamentally, the demand for risk management in our financial markets to service the real economy is not going to disappear. It may change on the margins and people are going to leave the business, but it is going to be here and innovating for a long time to come.” Sometimes a MarketsWiki Education presentation is of the “buy one, get one free” variety. Walt Lukken, president and CEO of the Futures Industry Association delivered just that – two interesting and thoughtful presentations – to a crowd of summer interns at the MarketsWiki Education World…

FIA’s Walt Lukken on Reg AT and the 2016 Agenda Blog,Regulation,Video

Walt Lukken, president and CEO of the FIA, spoke with JLN about what is in store for the rest of the year at the trade organization. The FIA has been coordinating with 10 working groups on what upcoming rules about automated trading (Reg AT) should look like for the futures industry. Lukken said that the FIA believes it would be best to break Reg AT into two more manageable parts.  The first portion would focus on getting pre-trade risk controls up to snuff, and the second part would delve into the more contentious parts of Reg AT, such as definitions…

John Lothian Newsletter: City hiring grinds to a halt as Brexit poll looms; Why the S.E.C. Didn’t Hit Goldman Sachs Harder; Senators back study of contested stock exchange pricing model John Lothian Newsletter,Newsletter

First Read Mary Ann Burns: A Thirst for the Futures Industry and a Crafty Career John Lothian – JLN Mary Ann Burns is leaving the Futures Industry Association and the industry. That was the shocking news we heard a little over a week ago. After 23 years at the FIA, and 30 years developing the program for FIA Expo, this Terre Haute, IN native is moving on to an even craftier career. Burns’ thirst for the next phase of her career has her leaving the FIA to help run a family-owned craft beer brewery – her family’s. Her son and…

A Most Interesting Charity Challenge Without Cold Water Blog,Commentary,Giving News

I have a challenge for the readers of the John Lothian Newsletter that does not involve cold water, but does include a donation to the Futures For Kids charity. The week before the FIA Boca Raton International Conference news broke that Dos Equis spokesman Jonathan Goldsmith, known as “The Most Interesting Man in the World” was being replaced by the beer maker with a younger replacement. In fact, Goldsmiths character is being sent to Mars. You could be the next MIMITW. Here is the plan. You need to shoot and share with us an audition video for the part. You…

2016 Exchange CEO Series: LSE’s David Weisbrod Talks Clearing And Openness Video

The London Stock Exchange Group has been in the headlines of late for its proposed merger with Deutsche Boerse Group, and perhaps another suitor, but until then LSEG’s David Weisbrod says there is much to do in the meantime. Weisbrod, who serves a dual role as US country head of the USA for LSEG and CEO of LCH.Clearnet US, has been focused on providing more access to customers to the London market and its clearing facility. (Weisbrod declined to speak about the pending deal with Deutsche Boerse.) “We’re a big believer in open access, which enables market participants to use…