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Tag Archives: FIA

“Unwarranted” G-SIB reqs; Scared of the CAT; Vol comeback welcome Newsletter,Options

Observations & Insight   Bitcoin rockets above $5,000 to all-time high Jemima Kelly – Reuters Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. jlne.ws/2yjA2jC ****SD: There will be plenty of crypto talk at FIA Expo next week, especially as exchanges progress with their nascent endeavors to launch crypto products. However, I still am not certain what percentage of people who talk about digital currencies/blockchain actually know what the heck makes…

2017 FIA Expo Preview with Walt Lukken Feature,Video,video

JLN sat down with Walt Lukken, President and CEO of the FIA, to discuss this year’s EXPO event in Chicago. Innovation is the theme this year at EXPO and Lukken is looking for the next generation of ideas.  At the innovators pavilion, 20 new and exciting start-up’s showcase their brand in front of a panel of judges. With 5,000 industry professionals in attendance, EXPO is a great way to connect with industry leaders, identify trends and staying informed about the latest developments in technology and regulation. Speakers include Craig Phillips of the U.S. Department of Treasury, along with Bob Woodward,…

CFTC Charges Monex With $290 Million Precious-Metals Fraud; Stanley Fischer has unexpectedly resigned John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Rostin Behnam has been sworn in as a CFTC Commissioner.~JJL Julie Menacho Armstrong is the featured speaker today from our MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Sept.13, 5:30 p.m. – 8:30 p.m. in Chicago, CFX Markets is hosting – From Financial Advisor to Modern Day Hero – a thought-provoking panel discussion on alternative investing and technology’s evolving role in elevating the financial advisor-client relationship.~JK First, Harvey and energy — now, Irma and OJ. The Florida orange industry employs 45k people and contributes $8.6m to state coffers. Hopefully, the…

How to Overcome Challenges – John Damgard Feature,MarketsWiki Education,MWEd,Video,video

“There never used to be any competition in the futures markets anywhere else in the world. People used to say, ‘If you want to manage your risk you have to come to Chicago.’ That’s not the issue anymore.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, John Damgard, former FIA president, reminisces about his start in politics and how it eventually led to a career in futures. After working on several political campaigns, Damgard shifted his focus and started working at the Department of Agriculture for Earl Butz. Damgard would go on to be a voice…

Britain’s opposition Labour alarms bankers with Robin Hood tax; As VIX Plumbs Depths of Torpor, Betting on Its Future Gets Brisk; EU prop firm capital crunch could hit market liquidity Newsletter,Options

Observations & Insight Are we seeing the end of Wall Street and the beginning of a new one? Jim Kharouf – JLN Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven,…

FIA Europe’s Simon Puleston Jones Talks Brexit and MiFID II Readiness Feature,Video,video

“Will [market participants] be ready for absolutely every part of MiFID II?  I suspect, unfortunately, they just won’t be because of the sheer volume of regulations that have to be implemented.” – Jones January 3, the implementation day for MiFID II, is 204 days away.  Clouding the already messy process of preparing for such a gargantuan set of regulations is Brexit. Tossing more uncertainty on top of that:  the surprising results of last week’s U.K. election which eroded Prime Minister Theresa May’s power base.  For market participants, this means an unknown future for London’s euro clearing business, though more information…

Futures industry walks to work to support Futures for Kids charity Blog,Giving News

Futures for Kids

Industry executives from Washington and Chicago also join their London counterparts Today is the Futures for Kids (FFK) 6th Annual “Walk to Work” , which will see some 70 futures industry executives trek around London before heading to the Finish Line at the Anchor Bankside pub on the South Bank. Many will be travelling the full distance of over 35 miles starting at 8 AM in the morning while others will be taking an afternoon stroll from one of four starting points at Greenwich Park, Clapham Common, Regent’s Park or Victoria Park. This year, walkers in London will be joined…

When it comes to web searches, more options than expected Blog,Commentary,Options

When compiling the options newsletter, we check a variety of search terms, feeds and websites to get a picture of the day’s activity. Given the ambiguity of “options” as a search term (even with added modifiers), searches invariably pull in results that have no relation to options in a derivatives sense. And that isn’t the the only instance of disparate search yields. You might be familiar with the Office of the Comptroller of the Currency, or OCC, which can be slightly confusing in headlines due to its overlap with the options industry’s clearinghouse. But OCC is also the acronym for…

Walt Lukken: Three Ideas for Trump and a New Optimism for FIA Boca Feature,Regulation,Regulation & Enforcement,Video,video

After almost seven years of Dodd-Frank reforms, the industry has adjusted, reacted and adapted to the new regulatory structure. Now with the new Trump administration in Washington, the FIA sees an opportunity to take stock of what’s been done and what might be the best plan going forward. There’s no doubt the industry has struggled to comply with the spate of new rules from the CFTC, not to mention from other federal agencies. Walt Lukken, president and CEO of the FIA, has advocated for looking at three main areas of regulation that maintain regulatory reforms but allow for more sensible…