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Tag Archives: LSE

John Lothian Newsletter: SEC Probes Operators’ Use of Multiple Markets; ‘Gray Market’ Crops Up for New Issue of Greek Bonds; Hong Kong to bolster its clearing house John Lothian Newsletter,Newsletter

The SEC is looking into the possibility that some exchanges favor their biggest customers at the expense of smaller traders. A couple of banks are already trying to make a market for Greece’s new bonds, even though they don’t exist yet. HKEx unveils plans to beef up their clearing house to meet post-2008 regulations and demand. The MF Global story continues, with continued protests over executive bonus plans; and recommendations from the NFA on how to better manage customer funds in the future. In Europe, now that Greece is no longer scalding hot, the financial transaction tax receives more attention.

John Lothian Newsletter: MF Global Still Set to Pay Bonuses; CBOE Executive Placed On Leave During SEC Investigation; LSE buys majority stake in LCH.Clearnet John Lothian Newsletter,Newsletter

MF Global’s bankruptcy plan includes significant bonuses for three senior execs of the firm. At the CBOE, a compliance executive has been placed on administrative leave as the SEC investigates company oversight. The London Stock Exchange steps up to buy a majority stake in LCH.Clearnet. In Europe, Greece successfully winds up its debt cycle with murmurs of impending doom rather than cheers.

John Lothian Newsletter: CFTC proposes rule for block trades in swaps market; CME Group Aims To Strengthen Ties To Asian Exchanges; LSE draws fire over Borsa synergies John Lothian Newsletter,Newsletter

The CFTC sets forth, on a 3-2 vote, a rule proposal for regulating big swap trades. CME Group indicates its continuing interest in Asia, suggesting that it would like closer connections to exchanges in China and Japan.  The Italian securities regulator cries foul over the five year old Milan-LSE tie-up, claiming that extra order flow hasn’t materialized in Italy as promised.  In the top box today, Editor-In-Chief Jim Kharouf celebrates the one-million mark for MarketsReformWiki.

John Lothian Newsletter: CFTC Requires Registration by Mutual Funds With Commodities; NYSE Euronext Chief Faces Up To Standalone Challenges; Eurozone dismisses Greek budget deal John Lothian Newsletter,Newsletter

The CFTC votes 4-1 to require commodity-including mutual funds to register with the agency. NYSE-E’s Duncan Niederauer faces a DB-less future, and surveys the coming challenges. In the latest episode of, “There Will Be Greece,” the Eurozone turns its back to the Mediterranean country’s latest budget cut package, calling it incomplete. In the top box, JLN Editor-in-Chief Jim Kharouf takes a swing at JLN Boss-of-All John Lothian’s opinion of CME Group’s CBOT Building deal; and John bids adieu to Jeremy Grant of the Financial Times (who is only moving to Singapore, not offworld).