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SEFCON IV Snapshot Interview,Regulation,Video


The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted its annual SEFCON conference in New York on issues surrounding swap execution facilities (SEFs), a new type of financial transaction execution entity created by the Dodd-Frank Act. SEFCON IV, to be held November 18, 2013, will feature a status update on SEFs from regulators, legislators, dealers, traders and other market participants. Conference chairman Chris Ferreri offers a glimpse as to what attendees can expect in…

John Lothian Newsletter: French Tax on Intraday Trading Loses Support; Javelin Seeks CFTC Permission to List Interest-Rate Swaps; Commodities traders face increased competition John Lothian Newsletter,Newsletter

First Read Chicago-based AlphaMetrix ordered to repay improper loans Reuters AlphaMetrix, a Chicago-based fund manager with $700 million under management, on Monday was ordered by its regulator to repay about $600,000 in fees owed to outside money managers by Nov. 1, or be barred from trading. ***** This is the NFA’s way of saying pay up, or take the road to perdition. ++++ ICE’s Sprecher Sees Continuing Role for Humans at the NYSE Nick Baker – Bloomberg Jeffrey Sprecher, whose electronic IntercontinentalExchange Inc. is buying NYSE Euronext, said human traders are still needed for buying and selling stock. Sprecher…