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Tag Archives: GFI Group

John Lothian Newsletter: Former LSE executive launches U.S. retail brokerage Ustocktrade; BGC Partners Completes Full Merger with GFI Group; U.S. Exports First Freely Traded Oil in 40 Years John Lothian Newsletter,Newsletter

First Read The Future of the Future in Asia Lewis Richardson – Derivatives Business Development Manager – Fidessa Asia continued to be front and centre on the world stage throughout last year, in futures terms at least. The Asian markets, bolstered by the entry of ICE and pending entry of Eurex, have become the only region in the world to see a growing number of Futures Commission Merchants setting up shop. Healthy volumes were helped by Chinese institutions looking to combat the decline in domestic markets by venturing further afield. The rise of the Asian superbroker, a trend we noticed…

John Lothian Newsletter: ICE beats CME to Trayport with $650m deal; Nasdaq in talks to buy Chi-X Canada for about $100 mln; End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders John Lothian Newsletter,Newsletter

First Read Paris by John J. Lothian I love Paris. I just visited this great city twice this fall, and three times in the last 13 months. My heart goes out to the residents of Paris and those impacted by these barbaric acts. I am heartbroken at the loss of human life in these attacks. Of course the reaction has been to fight violence with violence in the form of air attacks against ISIS, who claimed responsibility. But violence begets violence. We also need to find a way to respond with love. Justice for those who are guilty, but only…

The Incredible Shrinking WMBAA: ICAP’s Departure from Industry Association a Sign of the Times Commentary,Financials

ICAP, the largest inter-dealer broker and operator of two swap execution facilities (SEFs), confirmed yesterday that it is pulling out of the Wholesale Markets Brokers Association, Americas, an industry advocacy it helped form six years ago. “ICAP and the four founding members of the WMBAA shared many common goals and interests when the organization was established in 2009,” according to an ICAP spokesman. “The US political system has since created and implemented the Dodd-Frank Act and the bulk of global regulatory reform efforts have now moved to Europe and beyond. We therefore believe ICAP’s efforts are best directed outside of…

John Lothian Newsletter: Exchanges need to balance policing and profitability; Nasdaq tempts energy traders with extended fee holiday; The precarious prospects of London finance John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Jim Kharouf is the new Waldo. Where is Jim? Where is Jim this week? Last week he was in New York for the CTA Expo and to shoot some video for John Lothian Productions. Jim left Saturday for Sao Paulo, Brazil for the World Federation of Exchanges/IOMA Derivatives & Clearing Conference with CCP12. This is the first time John Lothian News has been to Brazil. It was a long time coming. Jim is moderating the second panel of the event, titled “Commodities: External Storms & Change From Within.” Panelists include Clive…

John Lothian Newsletter: Dealmaking saga over GFI nears conclusion; China Short Sellers Shun Stock Link With Zero Trade on Debut; SEC plans to level playing field for newer ETF firms John Lothian Newsletter,Newsletter

First Read NY Financial Writers Elect Burne, Move ‘Follies’ By Jack O’Dwyer Katy Burne, a U.K. J grad who reports for the Wall Street Journal, is 2015 president of the New York Financial Writers Assn. which, after many years, is switching its “Follies” show from the Marriott Marquis to the Hilton. Burne, who has covered bonds and derivatives for five years for the WSJ and Dow Jones newswires, has been in the cast of the “Financial Follies” since 2010. Previously managing editor of Derivatives Week, she has a post-grad diploma in magazine journalism from Harlow Journalism Center, U.K., and a…

John Lothian Newsletter: China takes hard line on taxing foreigners on share gains; Major Firms Are Saying the Stage Is Set for Another Crisis in the Bond Market; Saudis’ Oil Price War Is Paying Off John Lothian Newsletter,Newsletter

First Read NFA 2015: Have you Noticed Anything Different? By Doug Ashburn – JLN We just wrapped up a two-part video interview with Dan Roth, CEO of the National Futures Association. He offered up an honest assessment, in my opinion, of the state of the agency in the wake of the MF Global and Peregrine Financial Group bankruptcies that rocked the industry in 2011 and 2012. In Part 1, Roth summarizes the internal changes made at the NFA, from its audit and hiring practices to the delivery of information to NFA members and market participants. Watch Part 1 Part 2…

John Lothian Newsletter: U.S. futures regulator’s chairman says probably will step down next year; Howard Lutnick’s BGC Wins Fight to Acquire Broker GFI; Derivatives Are for Hedging, Not Bundling, Farkas Says John Lothian Newsletter,Newsletter

First Read Why we needed a new website By John Lothian & Jim Kharouf Simon Sinek| became a TED Talk superstar with one simple statement about business: “People don’t buy what you do, they buy why you do it.” We take that question to heart and decided to answer the “why” and the “what” on our new website – www.JohnLothian.com As our firm has grown from a single newsletter 15 years ago into five newsletters, we have launched several websites including JohnLothianNews.com, MarketsWiki and MarketsReformWiki.com as well as our evolving and growing MarketsWikiEducation initiative, not to mention John Lothian Productions….

John Lothian Newsletter: John Lothian: Nostalgia, but little outcry, over CME decision to close futures pits; LSE to sell Russell asset management unit; Gooch Hustles for Other GFI Bids as Lutnick’s Takeover Loom John Lothian Newsletter,Newsletter

First Read George Martin, Cheevers & Co. – Keeping The Human Element JohnLothianNews.com “The human element is critical. There’s so much power in a handshake or a face-to-face meeting.” George Martin, trade support specialist at Cheevers & Co., discusses the importance of human interaction in the financial industry. Despite the fact that technology has moved a majority of trading activity from open outcry pits to digital screens, Martin stresses how human interaction is still a key element in the industry. He also gives a brief background of his own trading career, and recalls the state of the financial industry before…

John Lothian Newsletter: Rise and fall of a commodities powerhouse; How the NYSE Mid-Day Auctions Would Work; ICAP to face EU fine over yen cartels John Lothian Newsletter,Newsletter

First Read Tough Nut: RCM Finds New Ways to Get Managed Futures to RIAs By Jim Kharouf, JLN Starting a new financial asset management company in the midst of a financial crisis does not seem like a great idea, particularly one focused on managed futures. But Bobby Schwartz saw an opportunity to move into the space and created RCM Asset Management in 2010. The former CME floor trader also saw potential where others saw disaster when MF Global collapsed in October 2011. “We started to look at the amount of money allocated to managed futures versus hedge funds, and thought…