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Tag Archives: MIFID II

John Lothian Newsletter: CME loses ground to LCH.Clearnet in swaps clearing battle; SGX announces successful launch of SGX Bond Pro; US adds weight to group pushing for strong climate deal John Lothian Newsletter,Newsletter

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First Read Asia’s One Track Mind By Jim Kharouf, JLN As one former regulator put it, “Even the regulators in Asia are more concerned with growth.” That sums up the FIA Asia conference pretty well in Singapore this week. While the regulatory fatigue continues in the US and Europe, Asian exchanges are looking at things such as executing new strategies that improve cooperation between markets as well as access and rolling out new products. Western exchanges have also jumped into the region with ICE Futures Singapore off the ground and Eurex and CME looming. CBOE announced an education partnership with…

John Lothian Newsletter: CFTC votes to propose registration, risk controls for automated-trading firms; If China Killed Commodity Super Cycle, Fed Is About to Bury It; Europe’s Mifid markets rules set for year’s delay John Lothian Newsletter,Newsletter

First Read Autocrats By John Lothian, Doug Ashburn, and Jim Kharouf – JLN It would be safe to say that in the months prior to yesterday’s CFTC proposed rule on automated trading, that those who spoke to the agency were convinced that the rule would be more flexible than the one that was rolled out. The rule, now dubbed Regulation AT, addresses everything from what kinds of risk controls should be in place when creating an automated trading system to post trade reporting requirements so the CFTC knows that you know what you’re doing when running an algo program. All…

John Lothian Newsletter: CME: Shrinking locally to grow abroad; ICAP Brokers Ran Four-Year Libor Con on Tom Hayes, Read Says; Wheat Futures Contracts Hurt by Full French Silos John Lothian Newsletter,Newsletter

First Read Trying To Stop The Next Flash Crash JohnLothianNews.com In the run-up to the CFTC’s move to create new rules for automated trading next week, the Futures Industry Association and its members have engaged in a dialog with the CFTC and developed its own guide, which it published in March. John Lothian News spoke with two of the key contributors to that report to talk about guidelines and what we might see from the US agency next week. View the Story » ++++ Preventing Terrorism Through Markets By Stephen L. Carter – Bloomberg View Maybe it’s time to bring…

John Lothian Newsletter: No Exchange for You! NYSE Channels Seinfeld in IEX Critique; CME boosts top executives’ pay; From Pits to Algos, an Old-School Trader Makes Leap to Spoofing John Lothian Newsletter,Newsletter

First Read Goldman Sachs Names 425 New Managing Directors By LIZ MOYER – NY Times Nearly a third of the Goldman Sachs Group’s 425 newly minted managing directors are millennials, or people born after 1980. Forty percent were hired as analysts. Roughly 21 percent are former summer interns. nyti.ms/1HMllke ***** The last line is very interesting, nearly 21 percent of the new managing directors named were former summer interns. Check out what interns heard this fall from CME’s Sandra Ro (below) at our World Of Opportunity event in London last month. ++++ Sandra Ro, CME Group – Financial Services Disruption:…

John Lothian Newsletter: EU Financial-Markets Overhaul Start Date May Be Delayed by Year; CFTC Seeks to Bar Trader in Spoofing Case; China to Allow Direct Conversion Between Yuan and Swiss Franc John Lothian Newsletter,Newsletter

First Read A Bad Way to Make Banks Safe By Editorial Board – Bloomberg Global regulators say they’re making progress in reducing the threat that the world’s largest banks can pose to the economy. Actually, new rules may be making things worse. bv.ms/1QfOvjx ***** I love it when a plan comes together. ++++ When Bloomberg Employees Predict the Future; Look into our crystal ball and all will be revealed! Bloomberg News Every year around November or December, many journalists get an assignment they will probably hate. That assignment is, of course, to write about what will happen in the coming…

The Data Game: UnaVista’s Maryse Gordon Dissects the Data Challenges under Global Regulations Interview,Regulation,Tech / HFT,Video

When the financial leaders of the G-20 convened in Pittsburgh in 2009 to develop a framework for global regulatory reform, the overarching objectives were set, but the details were left to regulators across jurisdictions. Six years (and billions of dollars) later, the new market structure is taking shape. Chief among the post-financial crisis mandates is the building of a robust and standardized system of global data distribution and storage. Though the task has proven to be difficult, and has required new technology, innovation, and more interconnectedness, the market has risen to meet the challenges. Maryse Gordon of UnaVista, London Stock…

John Lothian Newsletter: How Congress May Have Saved Goldman Sachs From Itself; Cargill to wind down $7bn hedge fund arm; Forex Scandal Drives Shift to Algo Trading John Lothian Newsletter,Newsletter

First Read MFA Updates Equity Market Structure Recommendations, Urges Regulators to Conduct Regular Data-Driven Volatility Control Reviews Press Release Managed Funds Association (MFA) today updated its equity market structure recommendations with the Securities and Exchange Commission (SEC) and other regulators. MFA’s recommendations would help improve critical market infrastructure, reduce operational risk, improve the overall quality of the U.S. equity markets and strengthen investor confidence through greater disclosure and transparency. jlne.ws/1iFGq9I **JK: MFA rarely turns to the media for anything, but when it does, we notice. ++++ Managed Funds Association Announces 2015-2016 Board of Directors Press Release Managed Funds Association (MFA)…

John Lothian Newsletter: Swiss Investigate Seven Banks Over Precious Metals Market Trading; EU watchdog unveils new rules for bloc’s securities markets; UnaVista and DTCC to provide MiFIR reporting service John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian If you are not watching our MarketsWiki Education Summer Intern Education series videos, you are missing a lot. Today we have Joe Niciforo, who with the help of Paul Tudor Jones, is looking for the next generation of portfolio managers. We will be continuing to release videos from this summer’s series. We have one more video from the New York event, Haim Bodek. The series will be bolstered by videos from our London events to be conducted in a couple of weeks. We still have some room for the London series,…

John Lothian Newsletter: Market calls for US and Europe to end derivatives dispute; U.S. gives antitrust approval to Nikkei’s purchase of Financial Times; LSEG and Boat Services to build MiFID II Trade Reporting solution John Lothian Newsletter,Newsletter

First Read A Complicated Relationship By John J. Lothian Patrick Young is headed back to the Bürgenstock Conference of the Swiss Futures & Options Association for the first time in several years to host a rerun of the “Crossfire” panel he once popularized. He is bringing his well-known wit and blistering charm to this once legendary international forum of industry leaders. Burgenstock has not aged so well in the years since Crossfire was a thing. It lost its beautiful venue atop a mountain overlooking Lake Lucerne and has bounced around Switzerland to alternative locations that lacked the unique qualities of…