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Tag Archives: Gary Gensler

Run Gary Run Blog,Commentary,Mwiki,ReformWiki,Regulation & Enforcement

It has been almost two years since Gary Gensler left the Commodity Futures Trading Commission as perhaps its most talked about, debated and in some circles, despised chairman. To some, his unrelenting drive to pound home rules established by the Dodd-Frank Act was considered a declaration of war against the derivatives industry. To his supporters, his determination was lauded, and he was considered one of the guys who was ready to stand up to Wall Street and LaSalle Street all in the name of Main Street. Now Gensler has grabbed attention this week at the FIA Expo in Chicago. On…

Dealing with structural complexity in global derivatives markets; The VIX – Not So Fearsome After All?; Treasury Yield Curve Flattens as Draghi Downplays Altering QE Newsletter,Options

Observations & Insight Run Gary Run By Jim Kharouf It has been almost two years since Gary Gensler left the Commodity Futures Trading Commission as perhaps its most talked about, debated and in some circles, despised chairman. To some, his unrelenting drive to pound home rules established by the Dodd-Frank Act was considered a declaration of war against the derivatives industry. To his supporters, his determination was lauded, and he was considered one of the guys who was ready to stand up to Wall Street and LaSalle Street all in the name of Main Street. Now Gensler has grabbed attention…

John Lothian Newsletter: Hillary Clinton Said to Hire Former Wall Street Cop as Campaign CFO; BATS to Launch Second U.S. Options Exchange; FINRA Board Approves Changes to Communications With the Public Rules, Trading Activity Fee John Lothian Newsletter,Newsletter

First Read Tech Surge: Nasdaq’s Lars Ottersgard on New Developments in the Technology Space JohnLothianNews.com Nasdaq, the world’s first electronic stock market, is almost synonymous with technology, from listings to licensing. John Lothian News spoke with Lars Ottersgard, head of market technology at Nasdaq OMX, at FIA Boca, about what they are providing to marketplaces, brokers, and corporates, and the areas of growth he sees in the tech sector. Watch the video » ++++ A Note of Thanks Ray McKenzie, Pegasys Trading Systems We here at Pegasys Trading wanted to thank all of the attendees at our launch party last…

Gensler a “scourge”? Really? Commentary,Regulation

Gary Gensler

We confess to being puzzled at the Reuters story “Swaps regulator Gensler: banker turned Wall Street scourge” in today’s Financials Newsletter talking about Gary Gensler’s legacy at the CFTC.  It is noted in the article that bankers really did not like the guy, thus leading to the question, what will Gensler’s legacy be? If he is a scourge, as the headline points out, Wall Street’s wings will be substantially clipped in the coming months and years as the Dodd-Frank Act rules he ushered in take hold. The US banking sector, thanks in large part to Gensler’s focus on rulemaking in…

A Whirlwind Trip to SEFCON Commentary,Financials,Regulation

Doug Ashburn

This past Sunday, I flew to New York for Monday’s SEFCON IV, the fourth annual get-together of swap execution facility (SEF) participants and the regulators who oversee this market. It was a whirlwind trip, literally and figuratively. I fought through pounding storms and tornadoes in order to get to the conference and, once I settled into the venue, I was reminded that the SEF regulatory environment is still, three years after the passage of Dodd-Frank, subject to a few weather disruptions of its own. In between panels on technology, regulation and market structure, John Lothian News interviewed about a dozen…

Scott O’Malia For CFTC Chairman Commentary,Regulation,Tech / HFT

John Lothian

I believe President Obama should appoint Scott O’Malia as the acting chairman of the CFTC when Gary Gensler leaves the Commission at the end of the year. As the United States faces a shutdown of its government due to partisan fighting between Republicans and Democrats, President Obama has a unique opportunity to remind the American people that he leads a bi-partisan administration. As a Democrat who has selected cabinet officers from the opposite party multiple times, President Obama has the opportunity to appoint a Republican appointee to be the acting chairman of the U.S. Commodity Futures Trading Commission. He has…

Guest Commentary: Regulating Automated Trading, Not Just Chilton’s Cheetahs Commentary,Regulation

Zach Ziliak

Guest commentary by Zachary Ziliak. Zachary Ziliak runs Ziliak Law, LLC, a law firm that focuses on the needs of trading companies and the vendors that service them. Prior to law school, Ziliak worked in the financial sector as a trader and quantitative analyst. He then spent six years in Mayer Brown’s Litigation & Dispute Resolution practice, with a concentration in complex financial, mathematical, and computer-related concerns, before breaking off in May 2013 to found his own firm.[1] As such, he is particularly suited to comprehending the legal ramifications of algorithmic and high frequency trading regulation. Following is his summary…

John Lothian Newsletter: CBOE May Retire From Police Beat; CFTC’s Gensler Says Libor Should Be Ditched; Bankers play to win in regulatory scrimmage John Lothian Newsletter,Newsletter

Exchange company CBOE contemplates separating its internal regulatory division into an independent entity. The CFTC’s Gary Gensler says it’s time to say goodbye to LIBOR; meaning, really, it’s time NOW to say goodbye. The US and the EU’s central bankers express more unease over potentially conflicting efforts to bring economic stability to their respective regions.

John Lothian Newsletter: White House Asked Gensler to Stay at CFTC; Nasdaq Sees Deal Possibilities in Forex, Bonds; ISDA Plans Biggest Overhaul to Credit Derivatives Since 2003 John Lothian Newsletter,Newsletter

Gary Gensler is asked for a second dance as head of the CFTC by the US administration; no word yet on whether he’ll accept. Nasdaq thinks they’re more likely to acquire interest in additional markets such as currencies and bonds, as a way to expand, rather than hooking up with another major exchange player. The ISDA is looking at a major overhaul of its rules of play for the global credit derivatives industry, including new rules to handle sovereign debt exchange.