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Tag Archives: Nex Group

Blockchain to massively change commodities; Cboe’s Tilly predicts more consolidation; Chinese oil futures? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We are rolling out the first of the videos from the MarketsWiki Education recruiting event held the Monday of EXPO week in Chicago. The first video features Cboe’s Ed Tilly.~JJL Recall the “broker fee wars” earlier in the year? Fidelity, TD, Schwab and a whole bunch of others started slashing commissions and fees, bringing much of the $7 per equity trade shops down to $5 a trade and some of the discount brokers even lower. Then there’s tastyworks’ $1 to open/free to close options trading setup. Well, unicorn-valued trading app Robinhood just…

Blockchain Gets a Wall Street Win; Banks prepare to settle with Brussels over forex cartel probe John Lothian Newsletter,Newsletter

First Read   Hits & Takes By JLN Staff Do you have a nomination for the Public Representatives for NFA’s Board of Directors? NFA is now taking nominations. ~JJL CME Group has updated their most popular whitepaper with the latest data and an all-new section comparing Treasury futures to Treasury notes.~JJL The United Church of Christ’s United Church Fund has modernized their exclusionary screening process. They have kept exclusions of Coal and Tar Sands Oil, Tobacco and Nuclear Weapons. They have added Firearms, Private Prison Operators, Human Rights and Environmental Impact as considerations. Here is a video about it. ~JJL…

Spot Trading cuts headcount; Wall Street Fines Fall in Trump’s First Year; J.P. Morgan’s Mobile Payments Struggle John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Exchange Analytics has released a new Market Conduct Training Course.~JJL The World Gold Council reports that gold-backed ETF holdings increased by 3.3 in October to 2,347.6 tonnes. Europe led inflows, as investors added 11.2t of gold through funds; North America had outflows of 8t, reversing some September gains; funds in Asia gained 0.8t, but ETFs in other regions lost -0.7t in October. This is amid a year-on-year 9% drop in general demand for gold to 915 tonnes.~SR The CME’s Blu Putnam and Erik Norland have another piece out comparing the characteristics of…

Regulatory Preparedness: Are We There Yet? Feature,Video,video

“The nature of what firms want to buy in this space has changed dramatically. They don’t want an integration project, they don’t want a problem.  They are really looking for suppliers who can deliver everything in one place — kind of a one stop shop. Trade once, report it everywhere is the ideal.”  – Collin Coleman, CEO of Abide Financial As MiFID II implementation looms, firms can take some solace in knowing the general pathway forward, though there are still Q & A’s floating around and standards yet to be released. In this video, Christian Voigt, senior regulatory adviser with…

Government enforcers take aim at compliance officers; Euronext to acquire FastMatch and expand into global FX markets; KCG Said to Eliminate 10% of Staff, Shut Two Offices in Asia John Lothian Newsletter,Newsletter

First Read Ride For Beth Jan Bart de Boer, Chief Commercial Officer ABN AMRO Clearing We are raising money to fund research to help the daughter of our European Chief Commercial Officer, James Egan. James Egan is a very well known and respected person in the Futures industry in Europe. His daughter Beth has an incredibly rare autoimmune disease, ‘Scleroderma.’ We are raising money to fund a scientific investigation at Great Ormond Street (UK) hospital (where she is treated) to try and learn more about the disease and how it can be treated in the long term. We are looking…

The market’s risky bet on stability; Bets on a stock market rally using options just hit record levels; Euro Is Suddenly Everyone’s Favorite After First Round of French Election Newsletter,Options

Observations & Insight Did you know? Jim Kharouf and Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At…

Chess Moves: Can Exchange M&A Really Make Shareholders And Customers Happy? Blog,Feature

I put CBOE’s John Deters on the spot. “Do you care about your customers, John?” I asked. “Yes, we care very much about our customers,” he replied. As chief strategy officer and head of multi-asset class solutions at CBOE Holdings, Deters really does care about them.  But that is a question end users often ask about exchanges today, especially as we look at the M&A activity in the stock, futures and options space. On a panel I moderated at the IOMA: WFE Conference in Frankfurt, we addressed the issue of consolidation with Deters as the lone exchange representative, Gedon Hertshten,…

Big Banks Poised to Scoop Up Fintech Startups, Report Finds; Frankfurt-London Truce Died Along With Deutsche Boerse Deal; Data Clash Heats Up Between Banks and New York Stock Exchange John Lothian Newsletter,Newsletter

First Read NEX Stop, The Future Of Markets Jim Kharouf – JLN Sometimes the machine needs a reboot. Such is the case with NEX Group, the former ICAP group minus the ICAP voice brokerage business. By now, we know that NEX’s CEO Michael Spencer looked to the future and decided that voice brokering wasn’t it. That doesn’t mean it isn’t valuable. But it just isn’t what he wants to do with his time or shareholder money. So what’s left? Plenty actually, although it took me a while to figure it out. In a simplistic sense, the company is rolling all…

NEX Stop, The Future Of Markets Blog,Commentary,Feature

Sometimes the machine needs a reboot. Such is the case with NEX Group, the former ICAP group minus the ICAP voice brokerage business. By now, we know that NEX’s CEO Michael Spencer looked to the future and decided that voice brokering wasn’t it. That doesn’t mean it isn’t valuable. But it just isn’t what he wants to do with his time or shareholder money. So what’s left? Plenty actually, although it took me a while to figure it out. In a simplistic sense, the company is rolling all of its trading platforms, technology companies and venture capital arm into one…