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Tag Archives: financial regulation

The Pound’s Brexit Test; FX Flash Crashes; Basel Rules Newsletter,Options

Observations & Insight Sunday, Sunday, Sunday Spencer Doar – JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers – not sure of the specifics, but he used ESPN’s point predictions versus actual performance – and his calculations showed that my abhorrent results were nearly three standard deviations outside the norm. I would not have found this nearly as amusing before I started covering the options space and following earnings seasons. Bottom line, that frees up some of Sunday night. Good…

The Industry Discusses Potential Changes to Dodd-Frank Regulation,Regulation & Enforcement,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This seventh and final video in the series addresses the recent efforts by the CFTC to take commentary from the industry regarding potential changes to Dodd-Frank. In this video, Julie Winkler, chief commercial officer with CME Group, Gary DeWaal, special counsel with Katten Muchin Rosenman, Ben Morof, chief compliance officer for Teza Capital Management and Carl Gilmore, president of Integritas Financial Consulting talk about some potential improvements.

Dark Trading Could Triple in Europe; SEC Defends CAT Plan After Hack; Regulatory ‘false choice; John Lothian Newsletter,Newsletter

First Read Hits & Takes A KISS Goodbye In case, you missed it, (and we did), the deadline for Project KISS from the CFTC ended on September 30th. If you want to see who said what about whatever can be improved on Dodd-Frank, all comment letters can be found here.. Among the names included on the KISSing contest were CME Group, which had a number of proposed rules it found problematic, including the Reg AT and position limits rule, not to mention liquidity resources which somehow do not count US Treasuries. Good reading, and only 37 pages for Christopher Kirkpatrick,…

London Retains Crown Top Financial Center; China to Ban Bitcoin Exchanges, Allow OTC; Miami’s Financial Center Submerges John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A quieter commemoration of 9/11 is scheduled for today, the WSJ reports.~JJL Rumi Morales has left the CME as head of CME Ventures. Additionally, Sandra Ro left the CME in July. She was head of digitization at the CME Group. Both were speakers at previous MarketsWiki Education events.~JJL Of notable financial hubs mentioned in Z/Yen’s annual Global Financial Centres Index 22 report, Chicago ranked 24th, down 17 spots from 7th last year, behind cities such as: Toronto, Sydney, Beijing, Montreal, Geneva, Vancouver and Osaka.~JK MarketsWiki Education World of Opportunity attendee Catherine Orfanos…

IBM Launches Watson for Financial Regulation; Trump’s Wall Street game plan needs players; Dutch Speed-Trader Turns to Currencies After Conquering ETFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Congratulations to our friends in London for raising £30,000 for the inaugural David Setters cricket tournament on behalf of research into MND. Well done! Welcome back to work for Terry Duffy. We hope you are fully recovered and in good health as you return to work. Longtime market writer Darrell Jobman reached out to me asking for help finding a home for a lifetime collection of market related magazine editions and trading related books. He is downsizing into a condo and wants to find a good home for these prized items….

A Step Backward in Financial Regulation; ‘Spotify Rule’ Would Help New York Stock Exchange Woo Unicorns; Bank of Canada says it won’t use blockchain for interbank payment system John Lothian Newsletter,Newsletter

First Read Time to Close the Asset Class Ban Loophole; Corzine and his ilk Should be Banned Across All Asset Classes By John J. Lothian With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is time to clean up the regulatory loophole…

Indexes Beat Stock Pickers Even Over 15 Years; Deutsche Boerse reluctant to extend CEO contract after failed merger; Chi-X Australia boss John Fildes steps down John Lothian Newsletter,Newsletter

First Read Head of marketing Mead leaves CME Julie Aelbrecht – Futures & Options World Mead’s departure marks the latest management change under new CEO Terry Duffy The Chicago Mercantile Exchange’s head of marketing Christopher Mead has resigned from his role at the firm, marking the latest management change under new chief executive Terry Duffy. Mead will leave the Merc after over 11 years in its US marketing department. A spokesperson from the Chicago Mercantile Exchange (CME) has confirmed Mead will be leaving the firm at the end of the month. jlne.ws/2nImzOE ***** I can’t say enough good things about…

Regulation as a Main Driver of Change in the Sell Side Industry – Karl Hagerman, SEB MarketsWiki Education,MWEd,Video,video

“Technology is really becoming an enabler to stay compliant because you can understand the huge amount of data in these complex networks that you have to store, structure and provide to the authorities if requested. That is lot of big data management.” Karl Hagerman works in the engineering team for the Sweden-based corporate bank SEB. He witnessed the regulations and financial innovations that have shaped the Nordic markets over the past thirty years and will “radically change” markets in 2018. Before 2007 and after some early exchange consolidation, all the trading in Sweden was done at one exchange, OMX, in…

US delays derivatives rules to avoid market disruption; Harvard Endowment Managers Said to Depart to Start Hedge Funds; Did Dodd-Frank really hurt the US economy? John Lothian Newsletter,Newsletter

First Read CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture By Sarah Rudolph – JLN The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors. CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also…