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Tag Archives: Futures Industry Association

Downey’s Money.net Takes FIA Innovator Award Fintech,Video

Market data and information service looks to disrupt the Bloomberg and Reuters space with new ultra-low priced offering The winner of the FIA’s first ever competition for Innovator of the Year at the 2016 Expo in Chicago was Money.net, which was chosen by a panel of industry experts from 18 finalist companies picked from a larger group of fintech applicants. The company, started in 2014 by CEO Morgan Downey, aims to provide the same type of market information as Bloomberg and Reuters for 1/15 of the cost. Money.net is trying to disrupt the market information space, which pulls in $26…

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…

Maureen Downs, Rosenthal Collins Group – Brutally Honest: The Role of the Mentor Feature,MarketsWiki Education,MWEd,Mwiki,video

“Everyone wants to be on their team. They understand human nature, they bring people together, they know how to resolve conflict. That makes a great mentor.” Maureen Downs never had a mentor, but she knows what it takes to be a good one. A mentor is not supposed to be your personal cheerleader, or a mommy figure, or a career navigator, and certainly not a fairy godmother who can wave a wand and make your career awesome. A mentor is a leader, one with energy, fresh ideas, a get-it-done attitude, and an ability to resolve conflict. Downs offers a direct,…

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…

Kate Maehr, Greater Chicago Food Depository – Volunteerism: Good for the community and good for you! MarketsWiki Education

“We are living stressed-out lives. Yet there is really clear data that people who volunteer regularly have less hypertension, better sleep patterns, less depression, and they live longer. The message here is not only is it the right thing to do, it is also really good for you.” Kate Maehr understands the importance of helping those less fortunate – importance not only to the recipient, but also to the giver, not only in terms of better health, but also as a career enhancer.   “The employees that stand up and say, ‘I would like to volunteer,” are the ones the…

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…

2016 Exchange CEO Series: Jeff Sprecher Talks Data, Clearing and Growth for ICE Video

For the Intercontinental Exchange (ICE), 2015 was about major investments in data and analytics services. Now in 2016, the exchange is looking to integrate recent data acquisitions into its business and grow well beyond traditional exchange trading and clearing services. ICE CEO Jeff Sprecher spoke with John Lothian News at the FIA Boca Conference about how its purchases of SuperDerivatives, Interactive Data and S&P Analytics fit into its business model. ICE is also working with Blackrock, on exchange traded funds, to become its benchmark index provider.. “We started to pivot the company to get deeper into the data space,” Sprecher…

2016 Exchange CEO Series: CME’s Gill Looking For Customer Efficiencies PART 2 of 2 Interview,Tech / HFT,Video

With new capital requirements of banks and other institutions, John Lothian News sat down with CME Group’s CEO Phupinder Gill at the FIA Boca Conference to talk about CME’s new cleared swaptions service through its clearinghouse, and a repo futures contract. “If you look at the world and look at the situation around the globe, you’ve got South America, which has some bright spots but a growth rate that is at best uncertain,” Gill said. “You have low growth rates in the US. If you look out to Europe, where you have a lot of potential merger and acquisition activity,…

2016 Exchange CEO Series: CME’s Gill Looking For Customer Efficiencies Interview,Tech / HFT,Video

CME Group has been focused on global growth, just like every other major exchange. But to get there, the exchange leader believes it has to work with customers to streamline costs so it can expand. In part one of our two-part interview at the FIA Boca Conference, CME CEO Phupinder Gill said that the exchange is working on new ways to address capital efficiencies through products such as cleared swaptions, but also new clearing services that will help institutions reduce collateral. CME is also continuing to work on market disruptors such as blockchain technology, which may change the way in…