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Tag Archives: Nikkei

John Lothian Newsletter: DoJ investigates traders over debt-market rigging; Colm Kelleher takes bigger role in Morgan Stanley reshuffle; JPMorgan to pay $4 million for false statements about broker pay John Lothian Newsletter,Newsletter

First Read And Now for Something Completely Different Jim Kharouf and Doug Ashburn – JLN In an effort to continue doing what we do best – tell the story of the industry – we are adding something new for 2016 – actually it is something we used to do in a couple of our sector newsletters – sharing the top stories from the previous day. What better way to judge the state of the industry than to share what fellow readers are reading. Our top read story of the day yesterday wasn’t a story at all, but a link to…

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…

Scooped: What The Nikkei Deal Means For The Derivatives Industry Blog,Commentary

"FT 125th anniversary reception (8741688934)" by Financial Times - FT 125th anniversary reception. Licensed under CC BY 2.0 via Wikimedia Commons - https://commons.wikimedia.org/wiki/File:FT_125th_anniversary_reception_(8741688934).jpg#/media/File:FT_125th_anniversary_reception_(8741688934).jpg

Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing over Rupert Murdoch’s buyout of the Wall Street Journal in 2007 for $5 billion amounted to nothing substantive. The FT will likely maintain its focus…

John Lothian Newsletter: Nasdaq Launches ‘NFX’ to Trade Energy Derivatives; Deutsche Boerse, CME final bidders for FX platform 360T; CFTC plans more scrutiny over algorithmic trading John Lothian Newsletter,Newsletter

First Read Scooped: What The Nikkei Deal Means For The Derivatives Industry Jim Kharouf – John Lothian News Nikkei got the scoop of the year. It purchased the Financial Times at the 11th hour from FT parent Pearson for £844 million ($1.3 billion). The big surprise was that Hong Kong Exchange and Clearing’s Charles Li, CEO and former journalist, didn’t buy it, a seeming bargain compared to the LME price tag of £1.39 billion. The media world will care much more about this deal than the rest of the globe. The journalist handwringing over Rupert Murdoch’s buyout of the Wall…

Welcome to 1984: 30 Years of Innovation at SGX Commentary

The Singapore Exchange is celebrating the 30th Anniversary of its forerunner, the Singapore International Monetary Exchange (SIMEX) with a video documentary entitled Founding Futures – The Making of a Global Exchange. If you have 18 minutes to spare, I encourage you to check it out. If not, at least click over and watch the two-minute trailer. Watch the Video The video strikes a chord with futures market veterans as we recall the many ways in which SGX/SIMEX was at the forefront of the events that shaped the market these past few decades. The deal between SIMEX and the Chicago Mercantile…

John Lothian Newsletter: Nasdaq executing trades at a loss; US regulators become the world’s money sheriffs; System Error Halts Nikkei 225 Derivatives Traded in Osaka John Lothian Newsletter,Newsletter

Nasdaq OMX wants more customers, even if it has to lose money to get them. European banks find themselves answering to the law in the USA over global transactions and business practices that run afoul of regulations. Nikkei index trading in Osaka is suspended for technical problems, the first time since the trading platform came online in early 2011.

JLN Options: Dividend Trades Cease at Three Options Exchanges Newsletter,Options

Lead Stories Dividend Trades Cease at Three Options ExchangesPeter Chapman, Traders MagazineThe controversial practice of dividend-capture options trading has ground to a halt at three of the four floor-based exchanges that have offered it. According to data published by the International Securities Exchange, dividend trade volume disappeared at NYSE Arca, NYSE Amex and Chicago Board Options Exchange in November.http://jlne.ws/12nLker**A victory for Gary Katz and the ISE — SR Hedge Funds Think the Fed Will Smother Market VolatilityBrendan Conway, Barron’sHedge funds are perfectly willing to take the other side of your bet on market volatility. In fact, Societe Generale’s strategists are…

OSAKA: Japan Earthquake Photo Exhibition Blog

March 11, 2012 will mark the one year anniversary of the Great East Japan Earthquake and Tsunami. The months after this disaster brought to the forefront incredible stories of resilience and generosity as Japan began recovery efforts. The Nikkei, the leading Japanese business newspaper, chronicled the devastation and recovery efforts through an extensive collection of photographs that they have shared with our city. The Osaka Committee of Chicago Sister Cities International and Japan America Society of Chicago will exhibit forty-six photos, approximately 16 by 24, at two downtown galleries; March 12-16 at the State of Illinois Thompson Center and March 21-31…

Captions for Leo Melamed Picture from Nikkei News Story Blog

Here are some captions that have been suggested for this picture of CME Chairman Emeritus Leo Melamed, captured in this picture by Nikkei.com. The story is located here. Top Caption Suggestions: Screw the CFTC! Trade Free or Die! Free Markets, or Freeze! Buy CME, Sell NYSE! Two Daleys, Only One Melamed! Sell Before The Bell, […]