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Tag Archives: LSE

John Lothian Newsletter: CME Swap-Data Routing Plan Backed by CFTC Over Rivals’ Objection; Exchanges, Tech Companies Jockey to Build ‘Audit Trail’; LSE and LCH agree terms of revised $426 million offer John Lothian Newsletter,Newsletter

CME Group gets an extra piece of swap-data regulatory cake from the CFTC. Exchanges and tech companies are in stiff competition to win the right to build a national stock market monitoring system. The London Stock Exchange and LCH.Clearnet have agreed (again) to new terms for the partial takeover of the clearinghouse.

John Lothian Newsletter: LSE aims new market at high-growth SMEs; CFTC Delays Swaps Vote As Member Voices Concerns; Regulators review Bats’ plans for London exchange John Lothian Newsletter,Newsletter

The London Stock Exchange plans to start a new marketplace to allow small companies to list shares and raise capital while retaining control over much of their total shares. The CFTC, facing internal discord, delays a vote on venues for derivatives. Regulators in the UK ask Bats Chi-X Europe to please step forward. In First Read today, video #11 of JLN’s Restoring Customer Confidence arrives, featuring Scott Gordon of Rosenthal Collins Group, who discusses the transparent way that the firm holds and invests customer funds.

John Lothian Newsletter: ISE pushes into ETF market; Currency-fixing probe rattles Singapore; Turquoise hikes data fees John Lothian Newsletter,Newsletter

International Securities Exchange rebrands itself and shifts direction toward ETFs in a bid to improve slumping volume. Financial hub Singapore is rattled by the new investigation into currency fixing allegations. LSE’s Turquoise platform announces that they, too, will be increasing trading fees as a way to squeeze more revenues from declining trading volume.

John Lothian Newsletter: Futures Firms Elect Dissident Candidates to Regulator’s Board; LSE hails pick-up in trading activity; NYSE: Won’t Sell Euronext to Rival John Lothian Newsletter,Newsletter

The election results are in for the NFA’s board, and three new dissident candidates are elected. The London Stock Exchange says that so far in the year just begun, things are already looking up with regard to trading activity and capital raising. NYSE Euronext says they have no intention of selling their European outpost to rivals, but they do intend to proceed with plans to spin off Euronext.

John Lothian Newsletter: London Stock Exchange Revises Offer for Clearinghouse; Knight gets a key nod; A Banner Year for Riskiest Debt John Lothian Newsletter,Newsletter

As expected, the London Stock Exchange has downshifted its offer for clearing house LCH.Clearnet. TD Ameritrade, a major shareholder in Knight Capital, gives a key thumbs-up to the takeover deal by GETCO. Risk was alive, well, and in some cases handing out big rewards in 2012, as the junk bond market paid off well for many playing in that sandbox.

John Lothian Newsletter: NYSE exec says exchanges moving closer to “kill switch”; LSE Said to Cut LCH.Clearnet Bid by 30pct; Knight Takes Higher Price in Getco Sacrificing Virtu Cash John Lothian Newsletter,Newsletter

A NYSE official says that regulators and exchanges are nearing agreement on how to implement a shutdown mechanism for runaway trading software. Following a requirement for LCH.Clearnet to significantly increase its capital, London Stock Exchange has reduced its acquisition bid. Broker Knight Capital evaluates suitors and selects Getco’s bid for acquisition. In First Read today, take a look at our new video interview with Allan Schoenberg of CME Group, as he explains how CME Group increasingly utilizes social media as a content distribution platform to discuss market issues with customers, partners and other stakeholders.

John Lothian Newsletter: ICE Traders Held Talks With CME; ECB’s Nowotny Calls For High-Frequency Trade Ban; Spanish Regulators Clear LSE-LCH Deal John Lothian Newsletter,Newsletter

Soft commodity traders of ICE Futures U.S. contracts are said to have discussed the possibility of shifting their trades to rival exchange CME Group, if the CME were to offer similar products. In Europe, central banker Ewald Nowotny says it’s time to outlaw high-frequency trading; no word on whether less-frequent trading algorithms would be allowed, or how one is supposed to establish a threshold for discerning between the two.  In London, LSE’s goal of taking a controlling stake in clearinghouse LCH.Clearnet takes one step forward as antitrust regulators in Spain give a thumbs-up.

John Lothian Newsletter: Libor Director Swaps BBA For Thomson Reuters; Singapore Bourse Says Not In Merger Talks With LSE John Lothian Newsletter,Newsletter

Libor Director Swaps BBA For Thomson Reuters; Singapore Bourse Says Not In Merger Talks With LSEThe director responsible for the management of the setting of Libor at the British Bankers’ Association has left his post, just as a group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators. Lots of talk about SGX and LSE planning a merger, although it seems that is being refuted.

John Lothian Newsletter: LSE boosted by Italian clearing house; BRICS Bourses Start Futures Venture Aimed at Wealthy Individuals; Europe Agrees to $1 Trillion Bailout Fund for Euro John Lothian Newsletter,Newsletter

LSE showed overall improved performance by combining flat share-trade revenue with more charged-up clearing returns. Futures exchanges from BRIC nations join up to create new futures contracts so some of their incoming wealth can better circulate. The EU agrees to create a permanent $1 trillion bailout/firewall fund. In the top box, John Lothian remembers a good friend, and takes note of the generosity of many people in and out of the financial industry.