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Tag Archives: Goldman Sachs

John Lothian Newsletter: Germany Blasts Deutsche Bank Executives Over Culture; China Has the World’s ‘Safest’ Equity Market, HKEx CEO Says; SEC Cranks Up Probe Into Fund Firms’ Fees John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Doug Ashburn has been promoted to the position of chief operating officer of John J. Lothian & Company, Inc. He assumes this new role in addition to his roles as head of business development and editor at large for John Lothian News. Previously Jon Matte held the role of COO, one that he assumed when he joined the company in August of 2007 to help start building MarketsWiki.com. Jon left last January for a company in adventure tourism in Norway. Doug joined JJLCO in 2011 as an intern to help us…

John Lothian Newsletter: Libor Reform Has Not Gone Far Enough, Says Regulator; China Targets Short Sellers in Stock-Index Futures Contracts; Banks team up to resolve OTC swaps margin disputes John Lothian Newsletter,Newsletter

First Read MarketsWiki Education World of Opportunity Summer Intern Education Series Don’t forget to sign up your interns, newer employees or anyone who would be interested in or find value in the series. We are in New York on July 15 at the NYSE and in Chicago on August 4, 5, & 7. Find details on our newly redesigned www.marketswikieducation.com website. ++++ Court throws out former Goldman programmer’s conviction Ben McLannahan in New York, FT A former Goldman Sachs programmer has had his conviction for stealing code tossed out for a second time — the latest twist in a long-running…

John Lothian Newsletter: World Bank warns China to reform ‘distorted’ financial system; Deutsche Börse in talks to buy Stoxx stake in $697m deal; Goldman settles SEC charges over 2013 trading incident John Lothian Newsletter,Newsletter

First Read Summer Intern Education Series Update; Mayor Emanuel Joins Speaker List By John J. Lothian John Lothian News is pleased to report that Chicago Mayor Rahm Emanuel has agreed to speak at the August 7 session of the MarketsWiki Education World of Opportunity Summer Intern Education event to be held in offices of Trading Technologies We are also pleased to announce we have added NYSE COO Stacey Cunningham to our list of speakers for the New York events on July 15 to be held at the NYSE on Wall Street. As we are now two weeks away from the…

John Lothian Newsletter: Reflections on Stress and Long Hours on Wall Street; Stanley Fischer pushes for harsher banker penalties; Deutsche Boerse to open Asia derivatives exchange John Lothian Newsletter,Newsletter

First Read Get Smart: LSE Looking To Smart Beta Doug Ashburn – JLN The word “smart” has been drilled into the marketing lexicon for so long it is sometimes hard to tell what is and isn’t actually, well, smart. Smart phones, smart cars, smart watches and even a smarter planet. The investment world has seen its own branding with so-called smart beta, which was examined in depth by FTSE Russell in May, the first time the LSE’s FTSE index division put its names together with Frank Russell since the exchange purchased the US index and asset manager last year. Five…

John Lothian Newsletter: Lehman’s Fuld Says It Wasn’t His Fault; Finance must blow the whistle on foul play; LME nears deal with market makers for steel futures, hurdles remain John Lothian Newsletter,Newsletter

First Read Bigger Picture: BATS Execs Willing To Collaborate To Expand Options Business Sarah Rudolph – John Lothian News BATS Global Markets has a hand in both equities and options, and its options market, though relatively new, is holding its own among the growing list of options exchanges. John Lothian News’ Sarah Rudolph caught up with Kapil Rathi, the exchange’s vice president of options business strategy, and Bryan Harkins, its executive vice president and head of U.S. markets, at the Options Industry Conference in Miami Beach earlier this month and spoke to them about BATS’ plans for a new exchange,…

John Lothian Newsletter: Goldman’s Self-Defeating Case Against a Programmer; Bond platforms look to bury archaic phone trading; LSE Enters Contest to Build European Dark Pool Called Plato John Lothian Newsletter,Newsletter

First Read Brazilian Bits Jim Kharouf – JLN The World Federation of Exchanges/IOMA Derivatives and Clearing Conference got underway in São Paulo, Brazil on Monday. Market regulation and clearing issues ruled the day’s panels. Here are a few bits from this beautiful, gritty and sprawling city which has more trees and traffic than expected, as well as graffiti that appears to be on almost every building, on every story. One could only ask two questions – why and how? Stu Wexler, regional COO and general counsel of ICAP North America, made the point that the CFTC’s overreach, often dubbed extraterritoriality,…

John Lothian Newsletter: Virtu seeks valuation of $2.59 billion; Bank of America accused of ‘tarnishing’ Merrill Lynch; Accused Goldman Code Thief Takes On Vance After Defeating U.S. John Lothian Newsletter,Newsletter

First Read Connecting: HKEx’s Li Said It Will Help Connect To China’s Trillions JohnLothianNews.com Hong Kong Exchanges and Clearing is all about connecting. HKEx’s CEO Charles Li says his exchange is the linchpin that connects mainland China’s markets with the rest of the world. Li, who spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, said his exchange is about strategic positioning with China and taking advantage of the explosive growth it sees, especially with the London Metal Exchange firmly integrated into its business. “Our job is to find a way to make that connection,” Li…

John Lothian Newsletter: CFTC suspends deadline on brokers’ margin; London Metal Exchange ends ties with LCH.Clearnet; Top Wall Street Lawyer Slams Regulatory Environment John Lothian Newsletter,Newsletter

First Read Creative Juice: Sir Ken Robinson and FIA Boca 2015 Doug Ashburn – JLN At each year’s FIA Boca conference, a certain topic, issue or person becomes “the thing everyone talks about.” It may be an impending rule, a disruptive new technology, or an outlandish comment made at the exchange leader panel. Two years ago it was then-CFTC chairman Gary Gensler displaying his dance moves after planting a rumor he would be up for another stint as head of the regulator. In 2007 it was the envelopes slid under the hotel room doors of Charlie Carey and Bernie Dan…

John Lothian Newsletter: Australian exchange launches technology overhaul; CFTC Reviews Retail Forex-Trading Rules Following FXCM Debacle; Global Oil Layoffs Exceed 100,000 John Lothian Newsletter,Newsletter

First Read Bubble Talk: Jose Scheinkman and the CME Group-MSRI Innovation Award Seminar JohnLothianNews.com On Monday morning, February 9, 2015, the CME Group-MSRI Prize in Innovative Quantitative Applications was awarded to Jose Scheinkman, economics professor at Columbia and Princeton Universities and one of the world’s leading experts on financial modeling. Since much of his recent work is centered on friction in the financial markets, Monday’s award ceremony was preceded by a seminar titled “Bubbles in the Markets: Why Do They Form, When Do They Burst?” At the conclusion of the ceremony, Prof. Scheinkman sat down with John Lothian News editor-at-large…