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Tag Archives: MIFID II

Brexit’s Influence on Global Markets Feature,Mwiki,Video,video

MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is no time to rest on the laurels of a successful implementation with Brexit looming.  Brexit cuts across all the other issues on FIA’s plate in Europe. One aspect of MiFID II left unresolved is equivalence assessments, which are impacted by Brexit. The Emir review this year, with its third party clearing components, is impacted by Brexit. (It makes sense the FIA…

Born Tech’s Haworth on MiFID II’s Real-Time Problems Feature,Mwiki,Regulation,Video,video

MiFID II may have been implemented in January, but that does not mean that everyone in markets was adequately prepared. Certain aspects of the regulation, such as unbundling, were widely understood, but MiFID’s RTS 6 obligation might have some participants still adjusting. RTS 6 requires that firms engaging in direct electronic access (DEA) or algorithmic trading monitor their activities and markets in real-time for “disorderly trading.” In this video, Born Technology’s CEO Derek Haworth talks about some of these challenges stemming from MiFID II.   Produced by Mike Forrester

G-7 Members Condemn U.S. Trade Actions John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff The boys are back in town, or in the City at least, I should say. The JLN team arrived safely in London via 3 different airlines on Sunday. We are here for IDX this week and staying a 15 minute walk away from The Brewery, where the conference is to be held.~JJL Mark Ibbotson, non-executive chairman at GH Financial, is up to 51% of his goal of £14,000 in the kilt challenge for Futures for Kids. So far he has raised £7,279.49. Please help him make his goal.~JJL Here’s a different wrinkle in…

Investors in Their Pajamas on Other Side of the Trade in China John Lothian Newsletter,Newsletter

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First Read Can tZero and BOX Digital Markets change the face of capital markets? Jim Kharouf – John Lothian News It would not be an understatement to say that Patrick Byrne thinks big – really big – like a quadrillion dollar market. The Overstock founder and CEO has been building the firm’s tZero subsidiary, a distributed ledger platform, since 2016 in an attempt to disrupt today’s capital market structure. Last week’s announced deal with BOX Digital Markets, a sister company to BOX Options Exchange, to create a Securities and Exchange Commission regulated market that lists and trades security tokens may…

Mifid II regime shines light on trading relations Newsletter,Options

Observations & Insight Regulatory Issues Confronting the Options Industry JohnLothianNews.com The OCC has a number of regulatory initiatives it would like to see implemented in the coming years, and in this video Craig Donohue, OCC executive chairman and CEO, talks about two key calculations that need changing. First, regulators need to adopt a risk weighted asset calculation that better reflects the true exposure of a clearing member firm. Second, the supplemental leverage ratio needs to include customer initial margin. The OCC is working on potential interpretive relief or narrowly tailored rulemaking in the interim to help ease the burden. These…

Did Chicago Exchanges Muscle a Rival Out of Town? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Members of the JLN team are headed to Florida for the Options Industry Conference this week. Spencer Doar, Mike Forrester and John Lothian will be in attendance. Reach out to us if you want to set up a meeting there.~JJL A big thank you to Renato Mariotti for the brilliant piece he wrote for JLN on the recent spoofing acquittal.~JJL IFLR.com has an exclusive that the CFTC’s Chairman, Christopher Giancarlo, will retire at end of his term.~JJL ICODA has a seminar planned in Geneva, Switzerland, “Blockchain is here, now what?” It is on…

Uncertainty Still Looming – Thomas Book, Eurex Feature,Video,video

Europe can breathe only a bit easier with MiFID II preparation out of the way – there’s still much geopolitical uncertainty on the horizon with Brexit barrelling towards markets.   In this video from JLN’s annual series with industry leaders, Eurex CEO Thomas Book talks about shifting investor behavior, the growth of MSCI products, distributed ledger technology and more.   Produced by Mike Forrester Interview by Jim Kharouf

Riding the Regtech Wave with Voice Tech – Nader Shwayhat, GreenKey Technologies Feature,Mwiki,Video,video

There are a number of angles playing into the evolution of GreenKey Technologies’ voice recognition business over the past year. The consumer sector saw the continued rise of voice assistants – who doesn’t know Alexa? Advancements in machine learning allowed GreenKey to develop its technology in ways impossible four years ago. Regulatory edicts forced companies to continue to up their compliance game and the big data boom continued to push firms to unlock information already contained in-house. Moreover, Greenkey’s relationships with IPC and OpenFin show the company’s willingness to collaborate to expand its reach. In this seventh video from JLN’s…

Stability Down Under – Peter Hiom, ASX Feature,Mwiki,Video,video

While Peter Hiom, deputy CEO of ASX, describes his markets and the region in general as relatively stable, that does not mean that ASX has been idle.   In this fourth video of JLN’s annual series with industry leaders, Hiom talks about ASX’s successful launch of its new futures trading platform, the slowing winds of regulatory change, the hope for a real yield curve, and the exchange’s progress in developing a blockchain reconciliation platform to ease the administrative burdens on clients.   Produced by Mike Forrester Interview by Jim Kharouf