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Tag Archives: HKEx

John Lothian Newsletter: CME may list some partners’ contracts on London exchange; China to Free Yuan in 5 Years, Says HKEx’s Li; Tax blow to Italian stock trading John Lothian Newsletter,Newsletter

CME Group is considering listing trading products of alliance partners alongside its own in its new London trading venue. The head of Hong Kong Exchanges expects China to have open markets and a floating currency within five years. Following the implementation of a financial transaction tax, Italy notes a significant decline in trading volume.

John Lothian Newsletter: Hong Kong Bourse Quarterly Profit Worst Since ’09; LCH.Clearnet Taps Ex-J.P.Morgan Executive Amid U.S. Push; Regulators Hope for Libor Pacts John Lothian Newsletter,Newsletter

HKEx posts a tough quarter amid declining listings. LCH.Clearnet has a new CEO as it prepares to open a new US derivatives clearinghouse. Regulators pursuing justice, or at the very least large fines, against offenders in the LIBOR rate-fixing scandal are hoping to reel in three more major targets by summertime.

JLN Options: Options Traders Discard Safety Net as Stocks Rise Newsletter,Options

Lead Stories Options Traders Discard Safety Net as Stocks RiseKaitlyn Kiernan, The Wall Street JournalIn the new year, options traders seem to have settled on a resolution: no more hedging for the worst. http://jlne.ws/10uja49**TD Ameritrade’s Joe Kinahan: “What we know about the government is that they like to push everything to the last minute.”   Uh huh. — SR FX options clearing analysis in final stagesJoel Clark, Risk MagazineThe GFMA’s global forex division is understood to be close to completion of its analysis of five years of options trading data – a project that is intended to lead to a…

John Lothian Newsletter: HKEx Names New Heads of Global Markets; Regulators Give Ground to Banks; Bourses on road to pan-Asean exchange John Lothian Newsletter,Newsletter

Hong Kong Exchanges names Romnesh Lamba and Martin Abbott to be co-heads of global markets. The Basel Committee on Banking Supervision backpedals on capital cushion levels after a couple of years of bank opposition to the new rules. Thailand’s stock exchange continues to work to gain support for a network of exchanges connected in the ASEAN region.

John Lothian Newsletter: FSA backs LME’s £1.4bn sale to HKEx; LCH.Clearnet set for Asian expansion; Dodd-Frank Swap-Clearing Rule Gets CFTC Final Approval John Lothian Newsletter,Newsletter

Hong Kong Exchange gets approval from Britain’s financial regulator to proceed with its acquisition of the London Metal Exchange. Clearing house LCH.Clearnet looks to Asia as a way to diversify beyond Europe in the hunt for new business. The CFTC gives a final approval to a Dodd-Frank related swap clearing rule, starting waves of effect at banks and clearing houses. In today’s First Read, check out the new MarketsWiki.tv interview with Ryan Baccus of Sapient, who discusses Dodd-Frank compliance and the Clearing Connectivity Standard. Next, there’s a MarketsWiki Five Minutes interview with Alice Botis of Fidessa, who talks about liquidity…

Kevin Powers, director of sales, North America at FastMarkets Interview,Metals

Kevin Powers

Kevin Powers recently joined FastMarkets as its director of sales, North America. FastMarkets provides reporting and analysis of the metals markets and broadcasts from the floor of the London Metal Exchange every day. Their web site is www.fastmarkets.com.  He recently spoke with JLN Metals editor Sarah Rudolph about the company’s offerings, his new role, and the road he took to end up there. Q:  Tell us about your background. You were with DTN, which was bought by Telvent, which was bought by Schneider Electric, the parent for FastMarkets? A: Yes, there were several takeovers. We had to keep changing shirts, pens…

Five Minutes with Michael Turek, Senior Director, Metals Group, Newedge USA Interview,Metals

Newedge

Newedge, a leading multi-asset brokerage and clearing house owned jointly by Société Générale and Crédit Agricole CIB, recently announced a slew of new hires and promotions at their metals desk. The move came after a period in which the company saw several members of its metals group move over to other firms. Newedge, a category 1 ring dealing member of the London Metal Exchange, is currently the single largest LME participant by market share, according to Michael Turek, senior director of the Metals Group at Newedge USA.  Turek sat down with JLN Metals editor Sarah Rudolph in his New York…

John Lothian Newsletter: Chicago exchange gets investments from State Street, Fidelity unit; Gensler Calls for Overhaul of Libor; Nordic Banks Gain New Status: Haven John Lothian Newsletter,Newsletter

Chicago’s new Eris Exchange gets backing from State Street and Fidelity. Gary Gensler of the CFTC tells the EU parliament that they should either rework LIBOR, or just throw it away and start over.  Banks in Sweden and Norway, relatively unharmed by financial crises and shocks shaking the rest of the world, strive to keep up with increasing foreign inflows as investors seek safe havens for their money.

Five Minutes with Michael Frawley, global head of metals at Jefferies Bache Interview,Metals

Five Minutes with Michael Frawley, global head of metals at Jefferies Bache, managing director and head of sales and base metals at Jefferies & Co. The London Metal Exchange in August approved Jefferies Bache, the brokerage arm of U.S. investment bank Jefferies Group, as a ring-dealing member, making it one of a dozen “top-tier” members allowed to trade via open-outcry, electronic platform and phone. The move is a push by Jefferies into the commodities space, following the hiring of a number of floor traders from Natixis Commodity Markets and several metals traders from Jefferies’ rival Newedge. JLN Metals editor Sarah…