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Tag Archives: MIFID II

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

CME pursuit of Nex reflects shift in US money markets; SEC fine of radio presenter puts watchdog on the line; Bloomberg and Reuters see market share in data slip John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday my six foot six inch tall son Robby was diagnosed with a partially collapsed lung, or spontaneous pneumothorax, which is common in tall, thin youth. As a result, I had to miss the Ken Heath Awards presentation where Leo Melamed was one of the winners of the award. I also missed the open house for the new offices of Gate39 Media. Robby is doing well, though he is in a pediatric ICU unit. He is more used to visiting me sitting in a hospital bed than the other way around.~JJL ICE has…

This Is Where People Are Buying Bitcoin All Over the World; Who Wants to Be Bitcoin’s Watchdog? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Unsurprisingly, yesterday’s STAC panel on cryptocurrency, moderated by Bcause‘s Sean Ristau, looked to be the best attended. The lack of regulatory certainty is the biggest challenge in crypto, as no one is sure yet whether it is going to be considered a security or cash (SEC Chairman Jay Clayton has said “virtual currencies are unlike any commodity that the CFTC has dealt with in the past, and….pose challenges for the SEC as well.”) Clayton and CFTC Chairman Chris Giancarlo are scheduled to speak with the Senate on the matter next month. The CFTC…

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

The Spread – Week of 1/1/18 Feature,Video,video

A new year, a new Spread! The Spread is a brief recap of some of the notable activity in the options world. The following are stories referenced in this week’s episode of The Spread: Bloomberg – Five Things We Learned About MiFID II on Its First Day at Work OCC – OCC 2017 Total Cleared Contract Volume Up Four Percent, Third Highest Volume Year Ever The New York Times – When Forecasters Get It Wrong: Always See It Market – SKEW Index Continues To Diverge From VIX Index Northwestern’s Kellogg School of Management – How Do Traders Respond to Off-Hour…