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Tag Archives: LCH.Clearnet

Jeffrey Tessler: Deutsche Boerse Exchange Reorganization Is Done, Now Onto The London Stock Exchange Deal Commentary

Jeffrey Tessler is a busy man these days as the person overseeing a recently restructured unit at Deutsche Boerse called “Customers, Products & Core Markets.” The new division rolls together Eurex, Eurex Clearing and Clearstream, the collateral management and settlement business. “We had it separated, so by bringing it together and walking into a client, we can talk about what is most important to them,” said Tessler, at the FIA IDX conference in London. “Obviously, clearing is an important aspect of their business and also the collateral management and collateral efficiency, and collateral optimization. How do we bring it all…

2016 Exchange CEO Series: LSE’s David Weisbrod Talks Clearing And Openness Video

The London Stock Exchange Group has been in the headlines of late for its proposed merger with Deutsche Boerse Group, and perhaps another suitor, but until then LSEG’s David Weisbrod says there is much to do in the meantime. Weisbrod, who serves a dual role as US country head of the USA for LSEG and CEO of LCH.Clearnet US, has been focused on providing more access to customers to the London market and its clearing facility. (Weisbrod declined to speak about the pending deal with Deutsche Boerse.) “We’re a big believer in open access, which enables market participants to use…

So I Found You Again On Facebook: LSE and Deutsche Börse Dating Again Financials,Regulation,Special Report

Well, here we go again. The on again, off again affair between the London Stock Exchange Group and Deutsche Börse is, well on again. The two exchanges are looking to create “an exchange of equals” which would pair two powerful securities, derivatives, clearing, products and services companies in the global exchange space. LSE made a run at Deutsche Börse, just prior to the DB’s IPO in February 2001 but the deal fell through when shareholders in London objected. The second deal proposal between the two in 2004 ended with more shareholder disdain. And now here we are in 2016 with…

John Lothian Newsletter: CME loses ground to LCH.Clearnet in swaps clearing battle; SGX announces successful launch of SGX Bond Pro; US adds weight to group pushing for strong climate deal John Lothian Newsletter,Newsletter

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First Read Asia’s One Track Mind By Jim Kharouf, JLN As one former regulator put it, “Even the regulators in Asia are more concerned with growth.” That sums up the FIA Asia conference pretty well in Singapore this week. While the regulatory fatigue continues in the US and Europe, Asian exchanges are looking at things such as executing new strategies that improve cooperation between markets as well as access and rolling out new products. Western exchanges have also jumped into the region with ICE Futures Singapore off the ground and Eurex and CME looming. CBOE announced an education partnership with…

John Lothian Newsletter: Speed Traders Wanted: Russia Brokerage Courts Fastest U.S. Firms; Warsaw stock exchange chief executive resigns; CME defeats suit alleging it favored high-frequency traders John Lothian Newsletter,Newsletter

First Read Trying To Stop The Next Flash Crash JohnLothianNews.com The CFTC announced its new automated trading rules, marking a major shift on how automated trading will be developed and implemented in the coming years. View the Story » **This story has been updated with new information about self-match trading as well as more analysis on registration and other components in the proposed rule. It’s worth another look, and another when we update the story today and in the coming days. ++++ Chicago Inno Announces the Winners of the 50 on Fire Awards PRNewswire Chicago Inno announced the winners of…

John Lothian Newsletter: Bank swap books suffer as CME-LCH basis explodes; High-frequency trading faces tougher Bank of England scrutiny; Trader Wrestles With Lehman Estate Over Big Bonus John Lothian Newsletter,Newsletter

First Read Bits & Pieces – Literally Jim Kharouf, Sarah Rudolph and Doug Ashburn, JLN In John’s ongoing journey to rebuild himself one part at a time, he is having shoulder surgery today. That makes two knees, two or three vertebrae and now one shoulder. He may actually be on his way to becoming the $6 million man, in terms of medical costs but not performance. All levity aside, this does mark the third time in three years that John will be under the knife. If that weren’t bad enough, last week the Lothian family received the news that John’s…

John Lothian Newsletter: Trading Floors Can’t Feed Africa; New BATS chief steps in amid volumes peak; Algorithmic traders invade $42 trillion bond futures market John Lothian Newsletter,Newsletter

First Read Shining Star: SGX’s Ramaswami Says Asia Risk Mitigation Still In Early Stages JohnLothianNews.com When exchanges look at growth areas, Asia gets top ranking. The Singapore Exchange, which has positioned itself as the Asian gateway for international traders over the past 30 years, now sees great potential in the decades ahead. Muthukrishnan Ramaswami, president of SGX spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, and said the exchange is ready to expand geographically through technology upgrades and by asset class as well, especially in FX and commodities. Watch the video » ++++ Billy Salomon’s…

John Lothian Newsletter: CFTC suspends deadline on brokers’ margin; London Metal Exchange ends ties with LCH.Clearnet; Top Wall Street Lawyer Slams Regulatory Environment John Lothian Newsletter,Newsletter

First Read Creative Juice: Sir Ken Robinson and FIA Boca 2015 Doug Ashburn – JLN At each year’s FIA Boca conference, a certain topic, issue or person becomes “the thing everyone talks about.” It may be an impending rule, a disruptive new technology, or an outlandish comment made at the exchange leader panel. Two years ago it was then-CFTC chairman Gary Gensler displaying his dance moves after planting a rumor he would be up for another stint as head of the regulator. In 2007 it was the envelopes slid under the hotel room doors of Charlie Carey and Bernie Dan…

Patrick Birley, CEO of ISDX – Variety is the Spice of Life Video

“If you’re not happy with what you do, change. Do something else. Take the risk and get out there. “ Patrick Birley, CEO of ISDX, discusses his numerous career path transitions. Starting with an entrepreneurial experience for an exchange in Africa, Birley highlights the success he achieved and how he thought he would be unstoppable in his career. After a life changing event that forced him to reconsider the safety of his family, Birley returned with his family to the UK and ended up switching from several other corporate and entrepreneurial positions, until finally landing where he is today. In…