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Tag Archives: NYSE

John Lothian Newsletter: Regulator Orders External Review After Peregrine Collapse; KSE, BSE In Talks Over Cross-Listing Of Indices; Euro Crisis Faces Judgment Days John Lothian Newsletter,Newsletter

The head of the National Futures Association orders an overhaul of staffing and processes in the wake of the agency’s failure to detect Peregrine Financial Group’s fraud over many years. Exchanges in Karachi and Bombay are well along in talks to cross-list futures products; Karachi is also talking with NYSE Euronext about listing index products in the U.S. The euro crisis is found very much present and dangerous inside the eurozone, and the time is nearing for the next round of hand-wringing decisions and plans for the leaders of that area. In First Read today, take a look at the…

John Lothian Newsletter: No Criminal Case Is Likely In Loss At MF Global; JPMorgan Chase, Deutsche Subpoenaed Over Libor; ASX Hit By Drop In Equity Trading Value John Lothian Newsletter,Newsletter

Civil suits are planned and filed, but as MF Global investigators near the end of their work, it looks increasingly likely that no criminal charges against executives will be filed.  Subpoenas for information are freshly filed with seven new banks in the ongoing and expanding LIBOR scandal investigation.  Australia’s ASX releases fresh financial data for the issues it trades, and equity value is sharply off so far in 2012.  In First Read today, take a look at the interview with author Bob Swarup, who discusses the history of financial crises and the outlook for managed funds.

John Lothian Newsletter: LME Iron Ore Ambitions At Risk After Steel Failure; SGX Seeks Slice Of Rmb Securities Market; NYSE Brokerage Plan That Doesn’t Display Orders Approved by SEC John Lothian Newsletter,Newsletter

The London Metal Exchange (and by extension, HKMEx) have big plans for iron ore products, but the exchange’s recent competitive failure with steel calls those plans into question.  Singapore Exchange announces that they’re ready to list, trade, quote and settle securities in renminbi.  NYSE Euronext’s controversial plan to offer undisplayed orders gets approval from the SEC.  And in First Read, John Lothian bids a fond farewell, though not to this newsletter or his company.

John Lothian Newsletter: New Australia Stock Exchange Targets Asian Firms, Investors; U.S. Regulator Concedes Oversight Lapse in JPMorgan Loss; NYSE, Knight Criticize Nasdaq Compensation Plan Over Facebook John Lothian Newsletter,Newsletter

Australia’s soon-to-launch Asia Pacific Exchange hopes to build its business by bringing in Asian listings, rather than competing head-to-head from the start with the ASX.  The US Comptroller of the Currency says that missing JPMorgan’s wide-open risk throttle was, in hindsight, on the lax side of the regulatory fence. NYSE, Knight and others react to Nasdaq’s Facebook-failure compensation offer with loud raspberries, saying it’s a thinly-disguised bid to create a pricing advantage.

John Lothian Newsletter: NYSE’s Head Of Technologies Business Resigns; Deutsche Boerse Signs Up Seven Banks for Interest-Rate Clearing; ASX Signs Confidentiality Agreement Mulling Link Buy John Lothian Newsletter,Newsletter

NYSE Euronext flags its second major executive departure in two days, as NYSE Technologies chief Stanley Young heads for the exit. Deutsche Boerse’s Eurex exchange signs up a full hand of banks to use its new EurexOTC platform that will debut later this year. Australia’s ASX signs nondisclosure agreements with Link Market Services, as it lines up a possible purchase of that company. The CFTC issues subpoenas to JPMorgan over their Whale Trade, in order to more closely examine it for impropriety.

Keith Goggin – Integral Derivatives Interview,Metals,Video

Keith Goggin is a partner at Integral Derivatives LLC, the largest options specialist firm on the NYSE/Amex options marketplace. He has been a market-maker and specialist in options on ETFs since their inception. John Lothian News editor-at-large Doug Ashburn spoke with Goggin about the seventh anniversary of the Gold ETF contract, the role of speculators, high market volatility, and the future of ETFs.