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Tag Archives: margin

Cboe Throws Launch Date Punch at Crosstown Rival CME Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,JLN Subgroups

Aren’t people supposed be getting into holiday mode? Isn’t December supposed to be slow, with nothing but junior staff running around trying not to mess things up?  In the cryptocurrency space, that’s clearly not the case. The CFTC on Friday said CME Group and Cboe Global Markets were okay to launch their respective bitcoin futures products through the self-certification process. CME quickly announced it would launch bitcoin futures on December 18, and then on Monday morning, Cboe announced a December 10 launch date and free trading for the first month to help the contract gain traction. Cboe’s contract will trade…

John Lothian Newsletter: BATS Exchange to Try Again at an I.P.O.; Confident and clear, Yellen says rate path will be well signaled; IBM, JP Morgan, and Others Build a New Blockchain For Business John Lothian Newsletter,Newsletter

First Read A Marginal Victory – for the Time Being Doug Ashburn – JLN Yesterday, a U.S. Government entity took a giant step that will have far-reaching effects on the global financial ecosystem. Oh, yeah, and the Fed raised interest rates for the first time in 10 years. While most eyes in the financial world were glued to the talking heads blathering about the rate hike, I was watching the CFTC as it approved two rulemakings – a proposed rule that would require exchanges, clearing houses, swap execution facilities and data repositories to conduct specific cybersecurity tests. It also issued…

A Marginal Victory – for the Time Being Blog,Commentary,Regulation

On December 16, 2015, a U.S. Government entity took a giant step that will have far-reaching effects on the global financial ecosystem. Oh, yeah, and the Fed raised interest rates for the first time in 10 years. While most eyes in the financial world were glued to the talking heads blathering about the rate hike, I was watching the CFTC as it approved two rulemakings – a proposed rule that would require exchanges, clearing houses, swap execution facilities and data repositories to conduct specific cybersecurity tests, and a final rule requiring swap dealers to exchange initial and variation margin with…

John Lothian Newsletter: Judge Dismisses Lawsuit Inspired by ‘Flash Boys’; Funds scramble to assess computer glitch; Margin Calls Bite Investors, Banks John Lothian Newsletter,Newsletter

First Read FIA, FIA Europe and FIA Asia Announce Merger Plans FIA The respective boards of FIA, FIA Europe and FIA Asia today announced that they have reached an agreement to formally merge the three associations in the first quarter of 2016. www.fia.org ***** And then there was one. ++++ Leverage ratio threat to the cleared derivatives ecosystem FT.com Regarding Thomas M Hoenig’s article “Weakening leverage ratio undermines banks’ accounting” (FT Trading Room, FT.com, August 12): while we respect Mr Hoenig’s views regarding the value of the Basel Committee’s leverage ratio, we believe there are flaws in its application to…

Innovation Incubation: TriOptima’s Mireille Dyrberg Looks at the Latest FinTech Trends Blog,Interview,Tech / HFT,Video

For the past several years, derivatives conferences have been all about regulation. But as Dodd-Frank, MiFID II and other global regulations move through the rulemaking phase to implementation and beyond, the focus has shifted from regulation to innovation. The 2015 FIA Europe International Derivatives Expo was all about fintech, and the top-to-bottom technology overhaul of the world’s financial markets. Mireille Dyrberg, chief operating officer of post-trade services giant TriOptima, spoke with John Lothian News’ Doug Ashburn at IDX 2015 about the innovation cycle, which technologies to keep an eye on, and the role of fintech incubators such as ICAP’s Euclid…

John Lothian Newsletter: Intercontinental Exchange Threatens to List New Cotton Contract Outside U.S.; US ‘superior’ to Europe on futures margin; CFTC’s Massad: agency directed CME to beef up “spoofing” enforcement John Lothian Newsletter,Newsletter

First Read Long run: Jack Schwager talks traders, old and new JohnLothianNews.com Jack Schwager’s career runs from pre-financial futures markets to author of the Markets Wizard books to an online start-up today. As the recipient of the CTA Expo’s 2015 Lifetime Achievement Award in New York in April, he spoke with Jim Kharouf, editor-in-chief of John Lothian News about what he knows about about top traders and his new venture, Fundseeder, an online platform for the next generation of market wizards. For Schwager, top traders don’t just post profits, but have great risk management as well. “It doesn’t have to…

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…

JLN Options: Options Week in Review Jan. 31, 2013 Newsletter,Options

The International Securities Exchange renamed its product development group ISE ETF Ventures, to emphasize its expanded efforts in the ETF business, Barron’s reported. The ISE calculates a number of indexes used as the basis for various ETFs, the most widely owned ETF that uses an ISE index being the First Trust  ISE Revere Natural Gas Index Fund (FCG), which manages $422 million. With ISE ETF Ventures, however, ISE is expanding beyond just developing indexes into helping to bring new ETFs to market with capital commitment, business development, and marketing support, according to an ISE press release. New York banks and…

CME Group’s Sean Tully Introduces Deliverable Interest Rate Swap Futures Financials,Interview,Video

Sean Tully

Sean Tully is the managing director of interest rate futures products for CME Group, the world’s largest derivatives exchange. He recently led the development and implementation of CME’s Deliverable Interest Rate Swap Futures, a new type of derivatives product that aims to offer interest rate swap exposure, combined with the liquidity, transparency and margin efficiency of a futures contract. Tully is a 20-year veteran of the financial sector who, prior to joining CME Group in August 2011, led the fixed income trading group at German banking firm WestLB and, prior to that, spent over ten years as a derivatives trader…