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Tag Archives: RCG

Global debt understated by $13 trillion – BIS; Exchanges concerned about CAT hacking risk John Lothian Newsletter,Newsletter

First Read Hits & Takes Leslie Rosenthal, former CBOT Chairman and co-founder of RCG, has passed away. Details are below. Our condolences to the family, friends and associates of this great man on his passing. ~JJL If you would care to share a reflection on Les Rosenthal’s life and contributions to the futures industry, please email me at mailto:johnlothian@johnlothian.com.~JJL Reflections on the life of Robert Wilmouth can be found HERE. We still welcome contributions of reflections for Mr. Wilmouth as well.~JJL Over the last three weeks, the September-December E-mini Russell 2000 calendar spread traded 1 million times. Current open interest…

From Golfing to Trading: Decision-Making is Key – Rich Mackey Blog,Feature,MarketsWiki Education,MWEd,Video,video

“When you treat everyone fairly, you inspire loyalty.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Rich Mackey, executive vice president, strategic initiatives for Rosenthal Collins Group, reminisces about his time as a caddie and how it prepared him for a career in finance.  Mackey caddied in the Western Open as a high schooler for Jim Colbert, a PGA legend, which helped him realize the difference between being good and great is the amount of hustle you put in everyday. Mackey stresses the importance of a great reputation because early in his career it served as the…

UK court upholds ICE Trayport sale order; State Street to Start Voting Against Companies That Don’t Have Women Directors; AI technology to replace 90,000 buy-side jobs by 2025 John Lothian Newsletter,Newsletter

First Read Rosenthal Collins Group Appoints Matthew Straight CIO Press Release Rosenthal Collins Group LLC (RCG), a leading independent futures clearing firm, announced the appointment of Matthew Straight as its new Chief Information Officer and Executive Vice President. Straight joins RCG with 26 years of experience in technology leadership, engineering and financial services. /goo.gl/KxUjxm **JK: Congrats to Matthew and to RCG. ++++ Trade like a girl; Trading desks in the asset management industry are dominated by men, but this patriarchal trend is beginning to shift as women on the buy-side are uniting to encourage others to join the sector. Hayley…

The Case That Changed the Industry Blog,Feature,Fintech

Back in 2005, I began covering a major development in the financial industry – patents. More specifically, I began covering the patent infringement cases by Trading Technologies against a number of firms including CQG.  That case, which lasted almost 12 years with appeals, is now essentially settled by the US Court of Appeals for the Federal Circuit, which affirmed the validity of TT’s patents, and essentially backed a lower court’s finding that CQG infringed on TT’s patents. The settlement awarded in the lower court was for $16 million.  TT’s patent litigation is well-known in the industry by now. But in…

Maureen Downs, Rosenthal Collins Group – Brutally Honest: The Role of the Mentor Feature,MarketsWiki Education,MWEd,Mwiki,video

“Everyone wants to be on their team. They understand human nature, they bring people together, they know how to resolve conflict. That makes a great mentor.” Maureen Downs never had a mentor, but she knows what it takes to be a good one. A mentor is not supposed to be your personal cheerleader, or a mommy figure, or a career navigator, and certainly not a fairy godmother who can wave a wand and make your career awesome. A mentor is a leader, one with energy, fresh ideas, a get-it-done attitude, and an ability to resolve conflict. Downs offers a direct,…

Strength In Smaller Numbers Blog,Commentary

Jim Kharouf

Back in the mid- to late 1990s, I used to head up the most read edition of the year for Futures Magazine, called the Top 40 Brokers issue. We highlighted the Top 40 Futures Commission Merchants by assets held in customer accounts, also known as required segregated funds, along with other metrics reported to the CFTC. With the number of FCMs whittled down to 54 today, the former Futures, now Modern Trader, just published a Top 30 article Top 30 Brokers: Mean, lean and ready for what comes next, Futures Magazine, and it didn’t even get top billing on the…

John Lothian Newsletter: LSE aims new market at high-growth SMEs; CFTC Delays Swaps Vote As Member Voices Concerns; Regulators review Bats’ plans for London exchange John Lothian Newsletter,Newsletter

The London Stock Exchange plans to start a new marketplace to allow small companies to list shares and raise capital while retaining control over much of their total shares. The CFTC, facing internal discord, delays a vote on venues for derivatives. Regulators in the UK ask Bats Chi-X Europe to please step forward. In First Read today, video #11 of JLN’s Restoring Customer Confidence arrives, featuring Scott Gordon of Rosenthal Collins Group, who discusses the transparent way that the firm holds and invests customer funds.