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Tag Archives: ISDA

“Unwarranted” G-SIB reqs; Scared of the CAT; Vol comeback welcome Newsletter,Options

Observations & Insight   Bitcoin rockets above $5,000 to all-time high Jemima Kelly – Reuters Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. jlne.ws/2yjA2jC ****SD: There will be plenty of crypto talk at FIA Expo next week, especially as exchanges progress with their nascent endeavors to launch crypto products. However, I still am not certain what percentage of people who talk about digital currencies/blockchain actually know what the heck makes…

Forget an IPO, Coin Offerings Are New Road to Startup Riches; Silver Futures Plunge, Rebound in Flash Crash; CFTC commodity swap data goes from bad to worse John Lothian Newsletter,Newsletter

First Read Crypto-innovations Jim Kharouf, JLN One look at today’s newsletter will tell you something – the traditional Wall Street system is ripe for disruption. The JLN piece on Overstock.com’s subsidiary Round One: How Overstock.com and tzero aim to knock out Wall Street shows how that firm is focused on using blockchain and its new Alternative Trading System ATS to do everything from trading securities via a blockchain, to finding an after hours trading niche. But tzero aims to create much more than that. While it’s still early days, it is not hard to imagine using the blockchain technology for…

Trump to nominate ex-NYSE Euronext VP Dawn DeBerry Stump to CFTC; The Riddle of the Wall Street Brain Drain; Derivatives Industry Sends Warning to EU on Brexit Clearing Move John Lothian Newsletter,Newsletter

CFTC

First Read Bits & Pieces By John J. Lothian This week will see the JLN team back together, though Sarah Rudolph is taking a couple of days off. Jim Kharouf and Mike Forrester returned safely from London after attending IDX. During the week and at the conference, the JLN team shot 24 video interviews covering exchanges, technology and regulation. Those interviews will be rolled out starting this week. I am back from the woods and caves of Kentucky where we had a perfect week of weather while exploring Mammoth Cave and surrounding attractions. I am proud to report my daughter…

Scott O’Malia, ISDA – The Financial Crisis and Its Aftermath Feature,MWEd,Regulation,Video,video

“When I first took the job, people said, ‘Scott, you know, it hasn’t been all that busy. You might want to think about getting a hobby.’ Well, the financial crisis hit. We had to implement Dodd-Frank. I had no need for hobbies. I had no time for hobbies.” In this MarketsWiki Education video, Scott O’Malia, CEO of ISDA and a former CFTC commissioner, breaks the aftermath of the great financial crisis into a three act play that parallels his career. First, O’Malia worked for a senator with a prominent role on the budget committee and helped with the initial legislative…

The Voice: Green Key Technologies Is Turning Your Brokerage Voice Into Valuable Data; CEO Christensen Says Voice Brokerage Is Far From Dead, And The Conversations Gleaned Could Be Transformational For Firms Exchanges, OTC & Clearing,Feature,Interview,Mwiki,ReformWiki,Regulation,Regulation & Enforcement,Tech / HFT,Video

In today’s financial markets, the conversation is most often about electronic trading, high frequency trading, complex orders via algorithms and so forth. Yet, for the $492 trillion global OTC derivatives markets as well as block and listed markets, firms still conduct business over the phone, person-to-person, a practice which is now availing itself to new technology in compelling ways. Paul Christensen, who started as CEO of Green Key Technologies in March, told John Lothian News that phone transactions for certain markets is “a much higher quality way of communicating.” As such, technology firms are seeking ways to harness the value…

John Lothian Newsletter: Donohue Agrees to Stay on as OCC Executive Chairman for Three Additional Years; High Frequency Traders Elbow Their Way Into the Currency Markets; Wall Street’s Insatiable Lust: Data, Data, Data John Lothian Newsletter,Newsletter

First Read Education Bits & Pieces Doug Ashburn, JLN Tomorrow we release the last of our Chicago series, Tayloe Draughon of Neurensic on machine learning for the futures industry. Later this week we begin releasing the videos from New York, beginning with Nasdaq president and COO Adena Friedman. Friedman began her career as a Nasdaq intern; this fact set the tone for the day and inspired the group to stay engaged and find their places within the industry. If you have missed any of the Chicago presentations, scroll down to see our latest release, TD Ameritrade luminary JJ Kinahan, who…

John Lothian Newsletter: Jury acquits brokers in Libor trial; CFTC Signs MOU with Two German Authorities; New York Stock Exchange Outlines Priorities to Strengthen Equity Market Structure During Extreme Volatility John Lothian Newsletter,Newsletter

First Read Accused UK trader likely not a factor in ‘flash crash’: paper BY JOHN MCCRANK – Reuters A British trader facing extradition to the United States in a trial next week for allegedly helping trigger the 2010 “flash crash” likely had little, if anything, to do with the event, according to a draft of a new academic research paper. goo.gl/aaC8tK ***** Why should we listen to experts when we have the mob with pitchforks? ++++ Pimco Asks If Swap Rates Could Be the New Risk-Free Benchmark for Bonds Parsing a potential new benchmark. Tracy Alloway, Liz McCormick – Bloomberg…

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: Spoofing Warnings Sent as Finra Teaches Brokers to Spot Cheats; Global Banks Rewrite Contracts in Bid to Avert Lehman Repeat; Convergex Partners with FCStone to Launch Futures Prime Brokerage John Lothian Newsletter,Newsletter

First Read Bits & Pieces by John J. Lothian Yesterday was Veteran’s Day in the U.S. My daughter Katherine took to Facebook to share her thoughts on the holiday and wrote the following: “Today is a day of celebration and remembrance of those who have fought for us. Today is also 3 months since I came home from Japan and the best experience of my life. In Japan I spent 12 days camping with 34,000 people from 130+ countries. So many people from so many different countries and cultures. But we were there peacefully. Meeting people from countries America has…