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Tag Archives: ISDA

Nasdaq Launches Treasury Futures Product; Cboe Europe, TP ICAP to open EU bases John Lothian Newsletter,Newsletter

First Read NFX Basis Point Value Contracts; One quarter hubris, three quarters details John Lothian – JLN The hubris is mine, not Nasdaq’s. Over 20 years ago I came up with the idea for an innovative new futures contract that would improve hedging and engage speculators in new ways in fixed income trading. The idea was basis point value futures. Today, Nasdaq announced just that: a new U.S. Treasury futures product that builds on their cash Treasury market and allows customers to use “the dollar value of one basis point” to more accurately hedge a portfolio of cash Treasurys. The…

ISDA eyes contingency plan as Libor demise looms; Lira meltdown John Lothian Newsletter,Newsletter

First Read Notes from Consensus – Day 3 and Recap Chuck Mackie – John Lothian News Consensus ended with a short, half-day of sessions on Wednesday, but the energy and number of participants was not diminished in the slightest. In fact, you might have thought that they were giving jobs away for free by the number of bright, young (and some old) faces that bustled at the afternoon job fair. Unlike a run-of-the-mill industry conference, where attendees linger more as a sign of duty, those at Consensus were energetic and boldly inquisitive. If only one in a hundred does well,…

Decreasing Collateral Tech Spend – Steve Husk, CloudMargin Feature,Mwiki,Video,video

CloudMargin, a cloud-based collateral management platform, spent 2017 acquiring new clients, including two tier one institutions.  In 2018, CloudMargin wants to double its client list from 50 to 100 firms. According to CloudMargin CEO Steve Husk, banks can spend $1000 a year managing and maintaining each of its credit support annexes (CSAs) – CloudMargin’s technology brings that number down to around $100. In this video from JLN’s annual series with industry leaders, Husk talks about more goals for CloudMargin and why the company doesn’t do bespoke solutions.  Produced by Mike Forrester Interview by Jim Kharouf

“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…