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Tag Archives: NYSE Technologies

Exchange CEO Series – New Neighbors: Alan Gandelman says ATS Brasil spells trouble for BM&F Bovespa Interview,Regulation,Video

When it comes to competition in the exchange space, Alan Gandelman is at the front line. As the CEO of Americas Trading System Brasil (ATS Brasil), a joint-venture between Americas Trading Group (ATG) and NYSE Euronext, plans to launch a competitive equity exchange in Brazil early next year. Gandelman’s effort will offer a new alternative to the BM&F Bovespa exchange, the monopoly bourse for equities and derivatives. Gandelman, who took the reins in June 2013, said his exchange will offer investors a new model, using technology from NYSE Technologies, now owned by ICE Group. “It’s very hard for us to…

John Lothian Newsletter: BME May Evaluate NYSE Technology Units, Won’t Buy Euronext Stake; ICE Dumps Pepper in Singapore to Pave Way for Asia Growth; Markit and Virtu race for New York IPOs John Lothian Newsletter,Newsletter

First Read The Case for Regional Exchanges Vincenzo La Ruffa – TabbFORUM A return to regional exchanges and the capital markets infrastructure that supports smaller-cap public listings could deliver multiple advantages, including a whole new world of market participants and brand-new opportunities for alpha. jlne.ws/1cjm5xx ***** We are in a global business, not a regional business. ++++ Who is Timothy Massad? Tom Osborn – Risk.net He cooks, he’s quiet, he’s confident, and he will cope with everything Wall Street throws at him. That is the picture painted by former colleagues – and adversaries – of the US Treasury Department’s Timothy…

John Lothian Newsletter: LME eyes launch of yuan-priced contracts via HKEx platform; NYSE Component Led to Five-Hour Mexican Trading Halt; Trading Probes Have a Long Way to Go John Lothian Newsletter,Newsletter

First Read Morning All, News today that Burger King will soon open in India, joining Subway, KFC and Dunkin’ Donuts. Although their core bestsellers are similar across countries, local adaptations spring up across Asia, for example rice porridge in KFC Taiwan, McSpaghetti in the Philippines, the curry rendang burger or even seaweed seasoned fries. After all, adaptation is the only true evidence of vital life. The theory of evolutionary adaptation was actually developed by both Charles Darwin and Alfred Russell Wallace, after whom the “Wallace line” separating Asia and Australia is named. Megafauna on the Asian side include tigers, elephants…

John Lothian Newsletter: Top pair set to quit NYSE Euronext tech unit; France central bank chief says Robin Hood tax is ‘enormous risk’; Singapore’s penny stock mystery increases pressure on exchange John Lothian Newsletter,Newsletter

First Read On the road again Jon Matte As mentioned last week, Mr. Lothian is on his way to Mexico today for the annual meeting of the World Federation of Exchanges, which to me sounds kind of like a “Justice League” for financial types. In his absence, we’ll faithfully continue the process of gathering and commenting on news. Tomorrow’s newsletter will be a bit later than usual (as with today’s issue as well), so don’t panic! ++++ 8 must-read finance blogs Christina Le Beau – Crain’s Chicago Business When finance blogs are a dime a dozen, it can be hard…

JLN Options: VIX Climbs with Stocks; Hedge funds hunger for lost oil volatility; Has the Market Gotten Greedy? Newsletter,Options

Observations & Insight Editorial Optionsby Doug Ashburn, John Lothian News Regular readers of JLN Options know that options editor and company CIO Jeff Bergstrom has fled the country and crossed the pond for a few days in London and Paris. In his absence, duties will float around the company. Today you get me. In volatility news, the VIX actually rose on a rally yesterday, but then rose even more on today’s break. Sometimes it’s not a gauge of fear, but rather one of actual or expected price action. In fact, I argue below that the “fear vs. greed” debate is…

John Lothian Newsletter: CBOE Working to Resolve Incorrectly Sent Trades; High-Frequency Traders Face Speed Limits; NYSE explores private sale of technology unit John Lothian Newsletter,Newsletter

Exchange CBOE saw renewed fallout from Thursday’s technology mishap on Friday, as bad trades from Thursday appeared in the system after Friday’s market close. ICAP’s EBS currency trading platform is considering abandoning its FIFO order handling system to mitigate an increasing correlation between market domination and the fastest order processing systems. NYSE Euronext is considering the possibility of putting its technology division up for sale.