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Tag Archives: MIFID II

Robert Russell, Divento Financials – Pathways into the Financial Services Industry Feature,MWEd,Video,video

How do you differentiate yourself in today’s hyper-competitive job market where front office roles at Goldman Sachs get tens of thousands of applications? Twenty years ago, Robert Russell, head of business development with Divento Financials, was working as a financial advisor but wanted to become a trader. One day at work, his boss wanted to know more about him and why he wanted to become a trader. “I told him my name, my age — he fell asleep. He had two photos on his desk, one of his daughter wearing a tennis uniform and one of his son wearing a…

Impact: Navigating Regulation and What Comes Next, Part 2 Feature,Interview,Mwiki,Video,video

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 2 of our three-part series, Gary DeWaal, special counsel with Katten Muchin Rosenman LLP; Matthew Chamberlain, head of business development for LME; John Avery, director of client and industry engagement, Derivatives Utility at FIS; and Rob D’Arco, CEO of Rival Systems, share their take on topics like the challenges facing swaps dealers, the pace of regulation and the rising cost of compliance.

Nobel Laureate – Buffett’s WMDs Help Society; How air pollution on Wall Street might actually be bringing down the stock market; Commodity traders must go digital or face extinction – report Newsletter,Options

Observations & Insight Bits & Pieces JLN Staff The CME reported third quarter earnings this morning and a couple of items were worth noting. CME is making progress in its ongoing efforts to attract Asian customers. CME CEO Phupinder Gill told analysts that the region has been a strong contributor to CME’s metals and energy product groups. Volume in its natural gas options out of Asia rose 104 percent, and in metals, volumes from the region were up 44 percent. The other item worth mentioning is that the daily options volumes on CME’s Globex platform hit an all-time high in…

Impact: Navigating Regulation and What Comes Next, Part 1 Exchanges, OTC & Clearing,Feature,Fintech,Mwiki,Regulation & Enforcement,Video,video

At FIA Expo 2016, JLN spoke with a variety of participants in today’s markets about the ongoing effects of regulation and what those mean for the future of their businesses.   In Part 1 of our three-part series, Phupinder Gill, CEO of CME Group; Drew Shields, CTO of Trading Technologies; Dave Snowdon, co-founder, director and CTO of Metamako; and Hazem Dawani, president and CEO of OptionsCity, provide their thoughts on subjects ranging from issues with MiFID II clock synchronization to the shifting clearing landscape.  

Dealing with structural complexity in global derivatives markets; The VIX – Not So Fearsome After All?; Treasury Yield Curve Flattens as Draghi Downplays Altering QE Newsletter,Options

Observations & Insight Run Gary Run By Jim Kharouf It has been almost two years since Gary Gensler left the Commodity Futures Trading Commission as perhaps its most talked about, debated and in some circles, despised chairman. To some, his unrelenting drive to pound home rules established by the Dodd-Frank Act was considered a declaration of war against the derivatives industry. To his supporters, his determination was lauded, and he was considered one of the guys who was ready to stand up to Wall Street and LaSalle Street all in the name of Main Street. Now Gensler has grabbed attention…

Market grows for ‘regtech’, or AI for regulation; This Startup Is Using A.I. to Speed Up Financial Compliance; Elizabeth Warren urges Barack Obama to fire SEC chief Mary Jo White John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Jim Kharouf Next week is one of the biggest weeks of the year for the industry, with FIA Expo in Chicago from October 18th (opening night) to October 20th. John Lothian News will be publishing two interesting pieces in the coming days that we hope will serve as discussion points during the show and beyond. JLN Associate Editor Spencer Doar has put together a special news report on the growth of options on futures. That segment of the business has grown dramatically in recent years and may continue to be one of the growth…

John Lothian Newsletter: British business sectors braced for Brexit impact; Potential rival to LME would be costly; tie-up an option; NY Fed may do ‘enhanced monitoring’ of SWIFT money transfers: Yellen John Lothian Newsletter,Newsletter

First Read Inside Trump’s Most Valuable Tower: Felons, Dictators and Girl ScoutsBy Zeke Faux and Max Abelson – BloombergA hedge-fund manager on the 28th floor who pretended to be dead when investors asked for their money reported to prison in January. A few weeks later, an investment adviser on the 17th floor was accused of running a Ponzi-like scheme. Thirteen floors up, a lawyer pleaded guilty this month to stealing millions of dollars from clients. It was all happening at 40 Wall St., across from the New York Stock Exchange, behind golden capital letters proclaiming that this is THE TRUMP…

John Lothian Newsletter: Direct Match hires ex-equity exchange chief in launch push; Vitriolic Presidential Primaries Quelling Economic Uncertainty; EU Lawmakers Approve MiFID II Market Rule Delay by One Year John Lothian Newsletter,Newsletter

First Read ICAP’s blockchain initiative would slim down middle and back office processes Sarah Rudolph, JLN Excitement about blockchain technology and debate about the potential uses for it were top of mind at last month’s FIA Boca conference, and one of the more likely possibilities for its use is to streamline post trade operations for banks and their FCMs. ICAP, the largest broker for OTC trading, just completed a successful proof of technology test case using blockchain technology and the company believes it could transform the middle and back office, cutting down dramatically on the number of processes necessary and…

John Lothian Newsletter: Finra to Examine Brokerage Firm Culture; Nasdaq and Tel-Aviv Stock Exchange Sign Landmark Strategic Agreement; Industry profile: HKEx’s Trevor Spanner John Lothian Newsletter,Newsletter

First Read Notes at the Top By John J. Lothian & JLN Staff If you have someone you know who is looking for a job, you should pass along the video we have published below featuring Paul McCormick at our MarketsWiki Education World of Opportunity Series in London this last fall. Paul has some of the best information and perspectives on getting a job I have ever heard. It is a must watch. I mentioned yesterday that my attendance at this year’s FIA Boca Raton conference is somewhat in doubt. The issue is my back, which has again become my…