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OCC Lingo: SIFMU Stands For Clearinghouse Changes Interview,Options,Regulation,Video

The OCC was designated a systemically important financial market utility (SIFMU) in 2012. That has meant some big changes at the organization, along with challenges in risk management and credit and liquidity resources. John Lothian News spoke with John Fennell, executive vice president, financial risk management at the OCC, formerly the Options Clearing Corporation, about what the organization is doing to insure that it meets these and other regulatory obligations. “As a SIFMU, we need to make sure we have continuous access to liquidity sufficient to run the business,” he said, “So that even in a failure we can meet…

Brand New: LME’s Jones Says Exchange Is Set For Growth, 2 Ways Interview,Regulation,Tech / HFT,Video

London Metal Exchange had quite a year in 2014. From its integration into the Hong Kong Exchanges & Clearing, launching its own clearinghouse, and addressing the metals warehousing problems, LME has the pieces in place for expansion. Garry Jones, CEO of the LME spoke with John Lothian News about the exchange’s focus on China and the potential for new products in the coming months. LME launched its own clearing house last September and has brought its technology in-house, under the HKFE. All of that has added staff to LME, tripling its payroll over the past three years, as well as…

Connecting: HKEx’s Li Said It Will Help Connect To China’s Trillions Interview,Tech / HFT,Video

Hong Kong Exchanges and Clearing is all about connecting. HKEx’s CEO Charles Li says his exchange is the linchpin that connects mainland China’s markets with the rest of the world. Li, who spoke with John Lothian News editor-in-chief Jim Kharouf at the FIA Boca conference, said his exchange is about strategic positioning with China and taking advantage of the explosive growth it sees, especially with the London Metal Exchange firmly integrated into its business. “Our job is to find a way to make that connection,” Li said, of China, “the largest pool of capital that is yet to be globally…

Focused: What The Industry Knows About Transparency (Part 3) Interview,Regulation,Tech / HFT,Video

Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry participants key questions about transparency issues in today’s markets. 1. Where do we need to improve transparency in the markets today?2. What is the solution to achieve that?3. How will futures and options markets look in the future, in terms of transparency? JLN interviewed 15 different markets professionals at the conference, about where their industry needs to improve, solutions and the future for transparency in the markets. All told we…

Focused: What The Industry Knows About Transparency (Part 2) Regulation,Tech / HFT,Video

Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry participants key questions about transparency issues in today’s markets. Where do we need to improve transparency in the markets today?What is the solution to achieve that?How will futures and options markets look in the future, in terms of transparency? JLN interviewed 15 different markets professionals at the conference, about where their industry needs to improve, solutions and the future for transparency in the markets. All told we heard from participants…

Focused: What The Industry Knows About Transparency (Part 1) Regulation,Tech / HFT,Video

Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry participants three questions about transparency issues in today’s markets. Where do we need to improve transparency in the markets today? What is the solution to achieve that? How will futures and options markets look in the future, in terms of transparency? JLN interviewed 15 different markets professionals at the conference, about where their industry needs to improve, solutions and the future for transparency in the markets. All told, we heard…

Focused: What The Industry Knows About Transparency Interview,Regulation,Tech / HFT,Video

Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry participants key questions about transparency issues in today’s markets. Where do we need to improve transparency in the markets today? What is the solution to achieve that? How will futures and options markets look in the future, in terms of transparency? JLN interviewed 15 different markets professionals at the conference, about where their industry needs to improve, solutions and the future for transparency in the markets. All told, we heard…

Chris Hehmeyer, managing member, HTG Capital Partners – Why Cereal Might Be Cheaper On Mondays At 8 AM Video

“The technologies are changing so fast that you can always jump in to whatever’s next.” Chris Hehmeyer, managing member at HTG Capital Partners, gives a brief history of the financial markets and discusses his journey from Tennessee to Chicago. Hehmeyer describes the setting of the fledgling Chicago Board of Trade and remembers when technology was really beginning to impact the financial industry. One memory was when Hehmeyer saw an Apple II computer create a spread chart for the first time. Prior, all data was written out and charts were drawn by hand, but Hehmeyer knew that the simple chart was…

Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works Video

“Opportunities today are even greater. Competition, however…is brutal. “ Ray Cahnman, chairman of Transmarket Group, begins his presentation with a list of books, movies and news stories he recommends that give a glimpse into the financial industry. He then discusses how he entered the financial industry and how the opportunities and challenges facing the industry have evolved. Cahnman remembers how trading used to be about the individual trader and how no one wanted to divulge their secrets to success. Today, trading has turned into a team effort, especially with the role technology is playing. Cahnman says that the trading ecosystem…