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Tag Archives: NASDAQ OMX

JLN Exchange Leader Series 2017: Nasdaq’s Friedman on New Tech and Positive Momentum Feature,Video,video

Nasdaq opened a new chapter  in 2016 when 13-year-tenured CEO Bob Greifeld retired, handing the reins to longtime executive Adena Friedman. Friedman became CEO of the exchange group in November, but that was far from the only big move made by the company last year. There were three primary areas of strength for Nasdaq in 2016, the first being the development of its new generation of infrastructure technology, Nasdaq Financial Framework, which, among other functions, incorporates blockchain, machine learning and cloud services. The second strength was Nasdaq’s successful year of listings. It garnered 87 percent of the technology industry’s offerings…

Stockholm: The Origin and Global Leader of Transaction Technology – Peter Fredriksson, Baymarkets MarketsWiki Education,MWEd,Video,video

“The market has moved from transaction to a lot of other parts of the transaction chain – to pre-trade, post-trade, clearing and post-clearing.” Peter Fredriksson, CEO of Baymarkets, says OM, the company that eventually became Nasdaq OMX, basically invented transaction technology. In his view, Stockholm and more broadly, Sweden, have been pioneers in automating the financial markets and making them more efficient. Stockholm was even early in the exchange merger and acquisition space, paving the way for OM to acquire the Stockholm Stock Exchange. And that led to industry innovators like ORC (now Itiviti), Sungard (now FIS) and TriOptima (now…

Tech Surge: Nasdaq’s Lars Ottersgard on New Developments in the Technology Space Interview,Tech / HFT,Video

Nasdaq OMX, the world’s first electronic stock market, is almost synonymous with technology. The exchange not only lists a large number of technology stocks but provides its own technology to other markets. At FIA Boca, John Lothian News spoke with Lars Ottersgard, head of market technology at Nasdaq OMX, who said a very important piece of Nasdaq’s tech philosophy is that “we actually sell what we use internally.” He said the type of technology Nasdaq provides can be divided into three segments: 1. Technology provided to marketplaces for trading, clearing, settlement and risk management; 2. Tech designed for brokers for…

John Lothian Newsletter: Nasdaq buys US index provider for $225m; Top GFI staff seek exit clause if rival BGC bid succeeds; UK financial watchdog doubles interventions John Lothian Newsletter,Newsletter

First Read Welcome to 2015 Welcome to the year 2015. It is a new year and time for new things. What the year will bring, only time will tell. Forget the prognosticators, though we feature quite a few of them at this time of the year. Only you matter to make things happen. Go out and make it happen. The NFA election for the board of directors is still going on. See our collection of interviews and commentaries with candidates for the CTA/CPO positions on JohnLothianNews.com In case you missed the news on Friday, Orc Group bought Tbricks. Tbricks was…

John Lothian Newsletter: BATS Faces Record SEC Fine Over Direct Edge’s Actions; ICAP Combines EBS and BrokerTec Businesses; Madoff Inner Circle Faces Final Reckoning as Prison Looms John Lothian Newsletter,Newsletter

First Read Clear Skies Ahead: Terry Duffy of CME Group Says Clearing Is Industry Driver JohnLothianNews.com With the bulk of US financial reforms now in place, financial markets appear to be pulling out of their doldrums. Terry Duffy, executive chairman and president of CME Group, spoke with Jim Kharouf, editor-in-chief of John Lothian News, about his outlook for the exchange and the strong prospects for growth in the futures markets. “The industry is really exciting right now,” Duffy said. “We’ve been going through some difficult years like all financial markets have. Now we’re getting some clarity around the rules especially…

Navigational Beacon: NASDAQ OMX Group’s Hans-Ole Jochumsen Steering through Challenges Interview,Regulation,Tech / HFT,Video

A recurring theme at this year’s IDX London was navigating the many challenges facing the financial sector. In this video, NASDAQ OMX Group’s Hans-Ole Jochumsen talks to John Lothian News about three such challenges – exchange competition, allocation of technology resources, and the global regulatory environment. In June 2014, NASDAQ OMX NLX, the company’s platform for euro- and sterling-denominated interest rate derivatives, celebrated its one-year anniversary. The platform launched into a crowded exchange space at a time of ultra-low interest rates, which has certainly been a challenge. Though its volume and open interest have been growing steadily, and market share…

John Lothian Newsletter: Dark markets may be more harmful than high-frequency trading; Fallout From Speedy-Trading Flap Hits Brokers; Nasdaq setbacks test shareholder patience John Lothian Newsletter,Newsletter

First Read Flash Boys Stories ++++ Comment: High frequency is the wrong debate By Niki Beattie, FT The rate at which supposedly intelligent people on both sides of the Atlantic are piling into the high-frequency trading debate with misinformation is somewhat alarming jlne.ws/1g0lRwF ***** I prefer a holistic debate. ++++ Opinion: Exchanges are like casinos where certain players can see your cards By Lex van Dam, Hedge fund manager, Special to CNN (CNN) — When a fake Twitter message from the Associated Press issued reports of two explosions at the White House last April, the Dow lost 140 points and…

Exchange CEO Series – World View: Nasdaq OMX’s Bob Greifeld looks at regulation, tech resiliency and partners Interview,Regulation,Video

Nasdaq OMX, like every exchange, is trying to navigate the new regulatory landscape. But Bob Greifeld, CEO of Nasdaq OMX, said there are more opportunities to be had, beyond the new rules.   John Lothian News sat down at the 2014 FIA Boca Conference with six exchange CEOs to talk about their views on four main topics: competition, regulation, growth and technology. Here’s what Greifeld, CEO of Nasdaq OMX, had to say about each. Greifeld, like other exchange CEOs, believes that regulation is the key driver of competition and change in the financial industry globally. “If you think about the…

John Lothian Newsletter: SEC Is Probing Dealings by Banks and Companies in Loan Securities; NASDAQ OMX Announces Formation of Global Market Services Business; Thomson Reuters tightens forex trading platform rules John Lothian Newsletter,Newsletter

First Read Bits and Pieces By John J. Lothian For the 11th consecutive year, the CME Group held its annual Trading Challenge for college and graduate students. This year there were more than 1500 students from 31 countries trade CME Group products across various asset classes on a real-time professional platform. Meet the Winners: jlne.ws/1jBcQgi The top performing students are eligible to win cash and “exclusive CME Group experiences.” I am not sure what the latter means, but understand it does NOT mean having to wash and wax anyone’s Bentley. According to the CME Group, “this competition is an annual…