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Tag Archives: futures industry

Information and Cyber Security for the Futures Industry; A Perspective by VSEC, LLC Blog,Fintech,Mwiki,ReformWiki,Tech / HFT,Thought Leadership

The founders of a information and cyber security advisory firm have written a must read white paper for the futures industry about the business and regulatory challenges of cyber security and how to manage them. VSEC, LLC is an information and cyber security advisory company. Founding partners John Falck and Mike Phillips have many years experience in the derivatives industry, with both of them originally working for O’Connor & Associates through the Swiss Bank and UBS mergers. Business and regulatory requirements for information and cyber security are changing rapidly. In the futures industry, FCMs, prop traders, brokers, CTAs, CPOs and…

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…

Scott Gordon, Rosenthal Collins Group – Seven (Slightly Unconventional) Career Tips From a Former Summer Intern Video

“Trying is the key.  I’ve had some successes in my life and I’ve had a bunch of failures — some spectacular failures… But whichever you have, if it’s a success or a failure, they’re momentary.  You can take a victory lap if you have a success or you can take a misery lap if you have a failure.  But in either case it’s fleeting, it’s gone and you better get on with your life.”   Scott Gordon, CEO of Rosenthal Collins Group, has career advice that applies whether you are shoveling snow or breeding horses: start by taking a holistic…

Confirmations: Made in China Regulation,Video

Confirmations: Made in China

Gary DeWaal, group general counsel at Newedge, noted that Peregrine Financial Group (PFG) was able to dodge regulatory audit checks of its customer segregated funds for more than 20 years. DeWaal says that simply wouldn’t happen if the US adopted the system used in China’s futures markets called  the China Futures Margin Monitoring Center Co. Ltd. (CFMMC). In November 2012, the National Futures Association and CME Group did just that, hiring AlphaMetrix to take on the job of confirming the money FCMs say they have in their segregated accounts, with money that is held at the bank. In this video, a…

Gary DeWaal of Newedge on 30 Years of Futures, Retirement and What’s Next Interview,Regulation,Video

Gary DeWaal

Gary DeWaal, group general counsel at Newedge, has been a stalwart of the futures industry for 30 years. He recently announced his “retirement” from Newedge, effective at yearend. DeWaal spoke with JLN Editor-in-Chief Jim Kharouf about how the futures industry has evolved and changed over the past three decades, where it goes from here, and why the word retirement should not really be used in the same sentence as Gary DeWaal.