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Tag Archives: regulation

Time to Close the Asset Class Ban Loophole Blog,Commentary,Investing & Trading,Mwiki,ReformWiki,Regulation,Regulation & Enforcement

Corzine and his ilk Should be Banned Across All Asset Classes Note: A correction to this story has been posted here. The NFA and FINRA to recognize the bans of other regulators. With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is…

How Do You Save the Capital Markets? Blog,Commentary,Exchanges, OTC & Clearing,Mwiki,Options,Politics,ReformWiki,Regulation,Regulation & Enforcement

Kennedy Looks to Lead Market Revamp Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the financial markets so they stay the envy of world capital markets.  And there is…

Time To Revive Financial Innovation Feature

So the pendulum swings. In recent days and weeks, financial industry participants have welcomed a softer tone on regulation from the Trump Administration. For some in the industry, the heavy lead regulatory blanket that has weighed down the industry appears to be lifting. Could we be opening the doors to a new era of financial innovation? In the midst of the Dodd-Frank Act rules rollout, mandated by Congress and ushered in by the CFTC and SEC among others, we’ve seen little progress in terms of innovation within the financial services sector with the exception of reporting, compliance and audit solutions….

Making the case for smarter regulation of centrally cleared markets; Traders wake up to hedging as election jitters jolt stocks; Trump-Clinton Market Flareup Is Far From a Panic – Reality Check Newsletter,Options

Observations & Insight 5th Annual WILD Symposium Focuses on Shattering Stereotypes and Glass Ceilings by Jessica Darmoni – The Title Connections Women In Listed Derivatives (WILD), a group dedicated to helping women advance in the listed and over-the-counter derivatives space, held their 5th Annual WILD Symposium this week at the UBS Building in Chicago. Sponsored by the Options Clearing Corporation (OCC), Integritas Financial Consulting and the Berling Bank, this year’s conference focused on diversity in the Boardroom, how women can get a seat at the table and how the highest glass ceiling, the one of Oval Office, might be broken…

U.S. Said to Probe Tullett, BGC, TFS-ICAP Over Currency Options; CME sees clearing boost from OTC collateral rules; ExxonMobil eyes setting up large-scale trading division John Lothian Newsletter,Newsletter

First Read Bits & Pieces Last call. Our MarketsWiki Education series in London will be held on Monday. Do you know any interns, students, or young professionals who would benefit from hearing about our industry from the likes of Scott O’Malia, Guy Simpkin, Steve Woodyatt, Steve Grob, Rob Russell, Andrew Gibbins, Cathy Lyall and more? It’s not too late to send them our way. Register http://bit.ly/1XxdC46. Hosted at the University of Chicago Booth School of Business, 25 Basinghall St, London EC2V 5HA, there are three 90 minute sessions: from 10:00 to 11:30, 13:00 to 14:30 and 15:00 to 16:30. Attend…

A Tangled Web: Exploring The Explosive U.S. Growth Of Options On Futures Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,Mwiki,Options

Options on futures volumes have been on the rise since the financial crisis. To explore the reasons for the trend, John Lothian News spoke with a variety of industry participants over the course of the summer.  The cause of the increasing volumes is an amalgam of larger trends in the financial industry, and the effects are a bright spot in an overall dark landscape.   Click here to view the article.         

Gary DeWaal, Katten Muchin Rosenman – Regulation, Compliance and the Grandma Test Feature,MarketsWiki Education,MWEd,Mwiki,ReformWiki,Regulation

“Don’t let the perfect be the enemy of the good, and remember to apply ‘the grandma test.’” When you are faced with a difficult decision, picture this: you’re sitting at Thanksgiving dinner, the family is gathered around the table, and grandma comes in holding a newspaper with your picture on it. If she is happy to read about your decision, it was probably a good decision. If not, it was probably the wrong decision. Gary DeWaal knows regulation. He knows that good financial market regulation serves the public interest, and is neither overly prescriptive nor overly ambiguous. Good financial regulation…

Karen Wuertz, National Futures Association – Opportunity Behind Many Doors Blog,Feature,MarketsWiki Education,MWEd,Mwiki,video

“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.” The futures markets are about two things — price discovery and risk transfer. But all businesses that attract capital also attract a small number of less-than-scrupulous participants, or “bad apples,” as Karen Wuertz, SVP of strategic planning and communications at the National Futures Association calls them in this MarketsWiki Education, Chicago 2016 presentation. Wuertz says the NFA, in its continuing mission to ensure market integrity and protect customers, is always on the lookout both for irregular market behavior and…

Walt Lukken, FIA – The New Normal and the Five Tips MarketsWiki Education,Video

“We’re in a very exciting industry. Fundamentally, the demand for risk management in our financial markets to service the real economy is not going to disappear. It may change on the margins and people are going to leave the business, but it is going to be here and innovating for a long time to come.” Sometimes a MarketsWiki Education presentation is of the “buy one, get one free” variety. Walt Lukken, president and CEO of the Futures Industry Association delivered just that – two interesting and thoughtful presentations – to a crowd of summer interns at the MarketsWiki Education World…