Breaking News

Tag Archives: G20

High-frequency trading has reshaped Wall Street in its image; IBM launches enterprise-ready blockchain service; EU’s flawed claim to a global financial hub John Lothian Newsletter,Newsletter

First Read FIA Recap: Finding Technology Solutions Everywhere By Jim Kharouf, JLN The FIA Boca 2017 conference was revealing in subtle ways, well beyond the big names that impressed the audience. In numerous talks with attendees, we found that technologies are continuing to drive innovation and change within the industry, and 2017 may be the year that is marked as a turning point. One noticeable trend is the push for a more holistic approach to technology. And what does that mean? Take NEX Group’s new structure. The firm, rebooted from its ICAP roots, now is rolling out a new approach…

What Just Happened? Americas,Blog,Commentary,Mwiki,Politics

Jim Kharouf

  It was after midnight and the realization that Donald Trump is going to be president of the United States stunned, saddened and angered me. This is what our great country has descended to – a nation of angry white people who voted more than the brown and black people. It’s quite simple really – more people loved Trump’s hate and BS than believed Hillary Clinton’s boring establishment BS. And so, here we are, on the precipice of all that is right with democracy and wrong with America. We’ll rationalize it by saying we are bigger than this president –…

John Lothian Newsletter: CME challenges LME in its metals trading heartland; Bats Chi-X Europe to start continuous auctions for share trading; Human decisions blamed for August’s stock market rout John Lothian Newsletter,Newsletter

First Read A World of Opportunity Returns To London! Doug Ashburn – JLN MarketsWiki Education is headed back to London next month for another round of our World of Opportunity speaker series geared toward “the next generation of market participants” – college students, interns, young professionals and anyone interested in the financial markets. We will hold three sessions, one on October 14 and two on October 15, all at Nasdaq, Woolgate Exchange, in the heart of the City’s financial district. The events feature executives from the CME Group, Nasdaq, London Metal Exchange and Euronext as well as fintech entrepreneurs, proprietary…

John Lothian Newsletter: Market calls for US and Europe to end derivatives dispute; U.S. gives antitrust approval to Nikkei’s purchase of Financial Times; LSEG and Boat Services to build MiFID II Trade Reporting solution John Lothian Newsletter,Newsletter

First Read A Complicated Relationship By John J. Lothian Patrick Young is headed back to the Bürgenstock Conference of the Swiss Futures & Options Association for the first time in several years to host a rerun of the “Crossfire” panel he once popularized. He is bringing his well-known wit and blistering charm to this once legendary international forum of industry leaders. Burgenstock has not aged so well in the years since Crossfire was a thing. It lost its beautiful venue atop a mountain overlooking Lake Lucerne and has bounced around Switzerland to alternative locations that lacked the unique qualities of…

Craig Donohue, executive chairman, OCC – Clearing Today and Tomorrow Video

“When we first came into the industry, clearing, I guarantee you, was not sexy at all.” Craig Donohue, executive chairman of OCC, begins by giving a quick overview of OCC and highlighting its achievements with equity derivatives contracts and margin collateral. He then goes on to discuss challenges in industry, including the 2008 financial crisis and the G20 response to shifting more risk to central counterparties. Donohue also explains what a systemically important financial market utility is, and what challenges OCC and other SIFMUs face in the future.

“Beggaring” Commentary,Financials

Doug Ashburn

Four years ago, as the economy was backing away from the abyss, and the G20 was busy working together to a) solve the crisis and b) promise that changes would be made to ensure it would never happen again, a fellow trader cautioned me to look out for signs the congeniality was coming to an end, for that would be the beginning of the end. “It’s inevitable,” he said. “We will work together until the greater powers learn it is not in their best interest to continue. Then we will devolve into competitive devaluation and, yes, ‘beggar-thy-neighbor’ policies. Such policies…

JLN Options: What Was Behind Yesterday’s Crazy S&P 500 Options Volume? Newsletter,Options

Lead Stories What Was Behind Yesterday’s Crazy S&P 500 Options Volume?   Adam Warner – Schaeffer’s Investment Research Strange volume in the S&P 500 Index (SPX) August puts yesterday, yowza. With the index in the 1,680 range, 29,000 of the August 1300 puts traded, 39,632 of the August 1250 puts traded, and 17,933 of the August 1200 puts traded. In fact, every put in the August series down to 1115 traded on the open. Even the August 500 puts traded! http://jlne.ws/17oraCY **Not sure where it all ended today but 2.5 hours into today’s trading 10 million options had been traded putting…

John Lothian Newsletter: Regulator seen conflicted in Nasdaq’s Facebook mess; Strained SEC holds up swaps rules; G20 targets growth to restore confidence John Lothian Newsletter,Newsletter

Nasdaq asks FINRA to look over the broken pieces of the Facebook IPO; FINRA says it’s normal, but some see a conflict of interest. The CFTC and others are ready to go on swaps rules, but the SEC is having trouble keeping up, delaying the approval of the new regulatory structure.  The G20 gets out their public relations wallpaper and plans to issue a resolution today declaring their fervent support of the euro, and their commitment to fixing problems through growth.  Today’s first read gives a look at the new JLN Forex logo and blog site; and an opportunity to…

John Lothian Newsletter: Global regulators plan margin rules soon for uncleared derivatives; LCH.Clearnet left off U.S. “systemic” list; Jones to leave NYSE Euronext amid restructure John Lothian Newsletter,Newsletter

Regulators around the world plan to suggest rules to require clearing derivatives, but they won’t be ready to do that in time for the June G20 summit. Even though it’s a big player in the clearing sector, LCH.Clearnet was omitted from the “systemically important” list of companies in the U.S., despite suggestions that trouble at LCH.Clearnet would strongly affect the American financial system. The EU considers a plan to create a “banking union” (or perhaps more accurately, “a banking failure union”) to spread around and better absorb the shock that could come from failing institutions within the eurozone. Garry Jones,…