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Tag Archives: FIA

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…

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…

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…