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ICE’s Hutcheson Talks Benchmarks and Assuming the Helm of ICE Clear Europe Feature,Video,video

“I think there’s a strong push from the regulatory side to make non-standardized business expensive. That has already started to bite in a number of asset classes but hasn’t really reverberated fully through the industry.” Finbarr Hutcheson, currently the president of ICE Benchmark Administration (IBA), will be taking over ICE Clear Europe later in the year when Paul Swann retires. In the meantime, Hutcheson still has plenty to focus on at IBA.  Opened for business in 2014, IBA maintains three key benchmarks: LIBOR, ICE Swap Rate (formerly ISDAFIX) and the LBMA Gold Price. But it is expanding into some non-benchmark…

John Lothian Newsletter: Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes; Regulatory delays weigh on CME’s European clearing house; ICE selected to operate ISDA margin utility John Lothian Newsletter,Newsletter

First Read Fitch Learning Appoints Diane Saucier as Client Relationship Manager in Chicago Press Release Fitch Learning is pleased to announce the appointment of Diane Saucier as Client Relationship Manager, based in Chicago. jlne.ws/1Omu5ET ***** WILD president and John J. Lothian & Company, Inc. advisory committee member opens up a new role for Fitch Learning. ++++ Citadel’s Ken Griffin Settles Divorce Case By ROB COPELAND, WSJ Billionaire hedge-fund manager Kenneth Griffin settled his closely-watched divorce case, shortly before his wife was expected to testify publicly. jlne.ws/1GxSUWA ****** Thank goodness this is over and Ken can go back to buying overpriced…

John Lothian Newsletter: As Silence Falls on Chicago Trading Pits, a Working-Class Portal Also Closes; Speed Traders Team Up in Microwave-Tower Superhighway Plan; China’s Mass Affluent to Have Double U.S. Counterparts’ Assets by 2020 John Lothian Newsletter,Newsletter

First Read High Frequency Chatter Doug Ashburn – JLN The talking heads on TV love anniversaries. They are the easiest way to fill space in the 24-hour news cycle. In the debate over high-frequency trading, however, the network brass at CNBC and Fox Business could not wait a full year before starting the “Flash Boys: One Year Later” party. Yesterday, CNBC aired a segment with Michael Lewis, author of the book that brought HFT into the mainstream vernacular. In the segment, Lewis defended his liberal use of the term “rigged” when describing the stock market, and said the markets are…

John Lothian Newsletter: Six Banks Will Take Part in New Electronic Gold Fix; Ex-Trader Sentenced to 19 Months for Insider Trading in London; ETFs crowd into top US oil contract John Lothian Newsletter,Newsletter

First Read Think Positive: Gail Osten Leaves Fond Memories Jim Kharouf – JLN There are some people who just get it. Gail Osten was one of those people who just got it. Got what? You name it, work, personal issues, a joke – life. As a professional, her career spanned more than four decades starting in marketing at the MidAmerica Commodity Exchange and ending as director of corporate communications at the Chicago Board Options Exchange. She was also a mother of two boys, Dan and Jon, and wife to Joe Osten, all of whom she spoke about regularly. Osten, who…

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…