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Tag Archives: FXCM

Data centres help London retain cachet; CME Group Interest Rate Contracts Shatter Records On Feb. 22; Reinstitute Choice and Civility – ‘Tis Time for Retail FX in the U.S. to Have a Regulator, Not an Executioner John Lothian Newsletter,Newsletter

First Read Cinnober Going Big On Clearing JLN The Cinnober recap of its annual meeting revealed just how serious the company is about developing and investing in a new back office, real time clearing business. This space is ripe for change and competition, and Cinnober reported that it aims to raise about $20 million via a stock sale for the new entity. Over the next two years, Cinnober will launch a new realtime back office clearing system which will be spun off from the company. It’s a bold move from Cinnober’s CEO Veronica Augustsson and another indication that the back…

FXCM Inc to Be Renamed ‘Global Brokerage Inc’ Following US Upheaval; Fannie, Freddie shares dive after U.S. appeals court ruling; LSE and D Börse set to offer more concessions to secure merger John Lothian Newsletter,Newsletter

First Read Take Our Survey – Again By Jim Kharouf, JLN Editor-in-Chief & CEO Sometimes these things happen. The link we provided yesterday only allowed one person to take the survey. We know there are more than one of you willing and able to take it. Here’s the link. Please take a few minutes to help us out about what you like and what you don’t like about our publications and websites. The questions are supposed to be fun, funny and for us, enlightening. It’s also a great place to leave us comments and suggestions for future content and services….

FXCM banned by CFTC after taking positions against clients; Deutsche Börse backs CEO Kengeter amid probe into his share dealings; World Federation Of Exchanges Publishes White Paper On CCP Recovery & Resolution John Lothian Newsletter,Newsletter

First Read Michael Bloomberg on How to Succeed in Business Sam Roberts – NY Times He was the grandson of Russian and Lithuanian immigrants and the son of a dairy company accountant, and he was fired before he was 40. But Michael R. Bloomberg persevered to become, at last count by Forbes magazine, the world’s eighth richest person. He achieved this phenomenal success without a master plan. But in retrospect, his evolution — from Eagle Scout to graduate of Johns Hopkins and Harvard Business School, to bond trader and partner at Salomon Brothers, to founder of a business information network…

John Lothian Newsletter: FXCM Has Tripled in December; China Said to Suspend Foreign Banks’ Cross-Border Yuan Business; Private Tax System That Saves Them Billions John Lothian Newsletter,Newsletter

First Read Haim Bodek, Decimus Capital Markets – A Flash Course on Market Structure MarketsWikiEducation.com “In the market there are edges that are permissible, and edges that are impermissible. It is the impermissible ones that you should care about. If it doesn’t smell right, leave.” The 2014 publication of Michael Lewis’ Flash Boys ignited a firestorm of accusations and lawsuits regarding the tactics used by certain trading firms. It has also led to a robust national debate on market structure. Haim Bodek, a former algorithmic trader who now assists the Securities and Exchange Commission in whistleblower cases, frames this debate…

John Lothian Newsletter: High-Speed Trading Firm Deleted Some Code by Accident; U.S. securities regulator expands use of powerful software; FXCM says it has been hacked John Lothian Newsletter,Newsletter

First Read A Leg To Stand On: Power To Help Rich Hansen To all that care: Power. The power to hurt, the power to ignore, the power to help. It comes in so many forms and is used in so many ways. Many people don’t even consider how much power they have in most given situations. And, of those people who do, very often they make the choice to use their power to ignore what is happening by not getting involved, by not lending a hand – even when it takes very little effort. We can often think of those…

John Lothian Newsletter: Penny Stock Pawnbroker Had a Clever Trick to Get Paid; FXCM Adopts Shareholder Plan to Block Unwanted Takeovers; Cheap Oil Burns $390 Billion Hole in Investors’ Pockets; John Lothian Newsletter,Newsletter

First Read Scouts Reach Their Goal John J. Lothian Thank you to those who have contributed to the fundraising for three of my scouts to help pay for their trip to the World Jamboree in Japan later this year. The generosity of the readers of this newsletter is incredible; it never ceases to amaze me. With your help, I made good on my pledge to raise the boys $15,000, or $5000 each, to help defray the cost of attending the jamboree. You don’t know what a difference this type of experience can make in a young person’s life. Yesterday I…

John Lothian Newsletter: Regulator to Review Leverage Limits for Currency Trades; CFTC approves TOCOM as an FBOT; Banks Must Bear the Risk of Derivatives Losses, CME Paper Says John Lothian Newsletter,Newsletter

First Read SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct SEC The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). jlne.ws/1um1vFI ***** Charges come how many years later? ++++ NYSE Unveils New Trading Room By Kristen Scholer New year, new digs for traders at the New York Stock Exchange. The NYSE, a subsidiary of Intercontinental Exchange Inc.ICE -0.68%, debuted a brand new trading room Tuesday morning before the opening bell. The space, dubbed “The…

JLN Options: CBOE Holds its Own in 2012 – JLN Options Newsletter,Options

CBOE holds its own in 2012by Sarah Rudolph William Brodsky has chosen an auspicious time to step down from his role as the Chicago Board Options Exchange’s CEO and become executive chairman of the board. The CBOE has seen steady growth in trading volumes from 2000-2011; average daily volume was down seven percent in 2012, but that was after the exchange hit a record high in 2011, and the 2012 number was an increase over 2010. “We had a good year in what was a relatively bad year for the financial industry,” Brodsky told a group of reporters at a…

JLN Options: Silent night… Who ate the market volatility? Newsletter,Options

Lead Stories Silent night… Who ate the market volatility?James Saft, International Finance ReviewFor an uncertain world – one with fiscal cliffs, eurozone recession and regime change at the Federal Reserve – it sure is quiet out there.Volatility in financial markets is now trading more like we are in the pre-crisis world of 2006, rather than one in which most of the crucial questions are left unanswered.http://jlne.ws/QYJTjY Is Regulation Killing Derivatives?BobsGuideCleartrade Exchange’s Richard Baker to discuss growing regulatory burdens and ask the question: is regulation killing derivatives?http://jlne.ws/W5FHlp VIX ETFs continue to rise as US steps closer to fiscal cliffWall Street Sector…