Breaking News

Tag Archives: IDX

Open Access: Loss Leaders and Profiting from “Free” Blog,Commentary,Tech / HFT

Doug Ashburn

The most interesting tidbit from this year’s IDX was a seemingly offhand comment made by ICE CEO Jeff Sprecher at the exchange leaders panel. Regarding open access and clearing interoperability, which European regulators are pushing to maximize customer choice in execution and post-trade services, Sprecher said exchanges will be further incentivized to list each other’s products, with execution eventually becoming a loss leader for exchanges. He said “take the economics out of execution, then make it back elsewhere,” which simply means more fees for data, clearing, connectivity and other add-ons. As a sort of unscientific poll among IDX attendees, I…

Open Access: Loss Leaders and Profiting from “Free” Blog,Commentary,Tech / HFT

Doug Ashburn

The most interesting tidbit from this year’s IDX was a seemingly offhand comment made by ICE CEO Jeff Sprecher at the exchange leaders panel. Regarding open access and clearing interoperability, which European regulators are pushing to maximize customer choice in execution and post-trade services, Sprecher said exchanges will be further incentivized to list each other’s products, with execution eventually becoming a loss leader for exchanges. He said “take the economics out of execution, then make it back elsewhere,” which simply means more fees for data, clearing, connectivity and other add-ons. As a sort of unscientific poll among IDX attendees, I…

John Lothian Newsletter: Banks prepare to sell down stakes in data provider Markit; Nasdaq NLX pays off founding members; Guy Who Did Avon Hoax Was Terrible at Hoaxes John Lothian Newsletter,Newsletter

First Read JLN Heads to London JLN Staff Jim Kharouf is off to London today, and John Lothian, Doug Ashburn and intern Colin Ashburn head there on Saturday night. This is gearing up to be a great conference. Much of the industry conversation has moved to Europe, as evidenced by today’s newsletter. Big changes at NLX, an overhaul of all things regulatory as the industry prepares for MiFID II, and the lingering cross-border disputes are but a few of the stories making headlines today and on the docket for IDX We will see if John’s newly partially replaced right shoulder…

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,…

Navigational Beacon: NASDAQ OMX Group’s Hans-Ole Jochumsen Steering through Challenges Interview,Regulation,Tech / HFT,Video

A recurring theme at this year’s IDX London was navigating the many challenges facing the financial sector. In this video, NASDAQ OMX Group’s Hans-Ole Jochumsen talks to John Lothian News about three such challenges – exchange competition, allocation of technology resources, and the global regulatory environment. In June 2014, NASDAQ OMX NLX, the company’s platform for euro- and sterling-denominated interest rate derivatives, celebrated its one-year anniversary. The platform launched into a crowded exchange space at a time of ultra-low interest rates, which has certainly been a challenge. Though its volume and open interest have been growing steadily, and market share…

Walt’s Kilt Challenge Giving News

By Walter Lukken: It has become somewhat of a ritual for a courageous man in the futures industry to take on the almighty task of wearing a kilt for the evening of the gala dinner which is held in aid of FFK. This long standing tradition founded by Jeremy Grant, the brave, demands adorning oneself in a knee-length garment with pleats at the rear. Often made of woollen cloth in a tartan pattern, this particular item of apparel originated in the Scottish Highlands around the 16 Century. Other daring challengers include John Lothian, Simon Rostron and last year Clive Furness,…

Cinnober CEO Javier Tordable Discusses the Company’s Recent Partnerships Interview,Tech / HFT,Video

Javier Tordable

Javier Tordable, who took the CEO post at Cinnober in March, has inked notable trading platform, clearing and surveillance technology deals with the Dubai Gold & Commodities Exchange (DGCX) and The Stock Exchange of Thailand (SET). This week, the firm announced a deal to provide clearing technology for the London Metal Exchange (LME). In our recent interview during the FIA-FOA International Derivatives Expo in London, Tordable talks about the DGCX deal, the acquisition of Nomura’s Swedish technology development center in Umeå, Sweden, as well as where technology is heading. Interview by John Lothian News editor-in-chief Jim Kharouf.

John Lothian Newsletter: HKEx Targets Dual-Currency Listings; EU watchdog publishes draft derivatives rules; Libor Guardians Said to Resist Changes to Broken Benchmark Rate John Lothian Newsletter,Newsletter

Hong Kong Exchange, not content to sit around while waiting for the LME to arrive, announces plans to create a stock listing denominated both in HK dollars and the yuan.  ESMA, the EU’s financial regulatory agency, delivers its draft regulations to control derivatives transactions.  Despite allegations of rampant corruption and conflicts of interest in setting the LIBOR interbank lending rate, bankers and regulators are reluctant to make changes to how the rate is set, out of concern that changes may invalidate trillions of dollars worth of contracts based on the rate.

Five Minutes with Gina McFadden Interview,Options

Gina McFadden

Gina McFadden is president of the Options Industry Council and executive vice president, industry services at The Options Clearing Corporation (OCC). She also sits on the steering committee of Women in Listed Derivatives (WILD), founded by Leslie Sutphen and Jessica Titlebaum. She sat down with Sarah Rudolph at the OIC’s offices in Chicago shortly before the IDX FIA/FOA International Derivatives Expo. Q: You are going to attend the IDX conference in London on June 8 and 9. What will you be doing at the conference? A: We’ll be attending the program, including the clearing panel, where Mike Walinskas [OIC senior…