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Tag Archives: risk management

HKEx Looks To Make A Major Clearinghouse Upgrade Video,video

Today’s markets and regulations are pushing exchanges to improve their technology, risk models and capital services. As such, Hong Kong Exchanges and Clearing has embarked on a major revamp of the clearing house’s platform, looking to upgrade its risk models and technology. Ryan Ingram, senior vice president, group regulatory analytics, risk policy and FMI strategy at Hong Kong Exchanges and Clearing, spoke with John Lothian News at the WFE IOMA Clearing and Derivatives Conference in Chicago in April about how the exchange is approaching this project and rolling it out over the next several years. “What we are doing now…

Leveling the Clearing Field – Patrick Tessier, Minium Feature,Mwiki,Video,video

Why can’t banks and brokers use the same sort of technology that clearinghouses have access to? Minium, the new client clearing focused subsidiary of Cinnober, is looking to address that very question. In this video from JLN’s annual series with industry leaders, Patrick Tessier, Minium’s chief operating officer, talks about its early growth, bringing better clearing capabilities to the sell side and the decision to go with a cloud solution.   Produced by Mike Forrester Interview by Spencer Doar

Bitcoin tumble; CurveGlobal readies fixed income push; Market rout; Robo-advisers crash John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff ICE’s NYSE FANG+ futures had record volumes on Friday last week with 7,884 contracts trading. That was one of three new record trading days last week, and average daily volume for the week was 3,278.~JJL Yesterday was the biggest one-day move for the VIX in percentage terms, up 115.6 percent.~SD Mark your compliance calendar for May 11! That’s the date on which compliance with new FinCEN Anti-Money Laundering rules (published May 11, 2016) is required. Courtesy of our friends at Exchange Analytics, who offer an AML course and more.~JJL CurveGlobal raised another £20…

Quant funds set to pass $1tn mark; Hong Kong Exchange Eyes New Trading Rules; Spread-betting rise threatened by EU rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Brazil’s exchange, B3 (formerly BM&FBovespa) announced its main stock market performance index – Ibovespa – hit a record high Friday, ending the day at 79.071 points, up 0.54 percent from the previous Ibovespa record of 78.647 points last Thursday.~JK SGX reported its derivatives volume was 178.4 million, up 18 percent in 2017 from the previous year, with its FTSE China A50 Index futures the most active contract with 64 million contracts, up 13 percent. Here is the full report.~JK With Mark Mobius retired from Franklin Templeton, who in emerging markets will pick up…

On Your Radar: Roy Saadon’s Firm Aims To Provide A View On Risks Across The Board Feature,Tech / HFT

If you could monitor all of the operations issues at your firm, how would you do it? And not just tracking problems in the back office, but those in the order routing, middle office, regulation and compliance areas, too – all of it. As much as CEOs and compliance officers want to know where problems and risks are cropping up, most firms now run 20 to 30 or more systems internally. Roy Saadon says monitoring all of those systems is a daunting task, and it’s what his young firm, Access Fintech, is trying to address. Saadon, who co-founded Traiana, launched…

Off-hour Earnings and Options; Swedish Bank Bosses Escape Options Blow-up Blame; HFT Tales Newsletter,Options

Lead Stories How Do Traders Respond to Off-Hour Earnings Announcements? Based on the research of Matthew R. Lyle, Christopher Rigsby, Andrew Stephen and Teri Lombardi Yohn – Kellogg School of Management at Northwestern University On Wall Street, “business hours” aren’t quite what they seem. The opening bell of the New York Stock Exchange rings at 9:30 a.m. Eastern, and the closing bell sounds at 4 in the afternoon—yet 95 percent of publicly traded companies announce their quarterly earnings outside of those official hours. jlne.ws/2qrxvSw ****SD: Basically, people are slow to react to earnings announcement the further they are from normal…

US financial regulators warn investors on bitcoin risks; Asian buyers spur bitcoin rise John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A new survey from DTCC shows geopolitical risk as a top 5 concern of 69 percent of those surveyed – an all-time high. Plenty of other fun stats and infographics in there to digest.~SD Deutsche Boerse turned 25 years old. I believe I was once told that the average age of the people who started it was 28. ~JJL Have you seen the Chicago Blockchain Project?~JJL Yesterday’s JLN Options newsletter covered the lack of FX volatility, the potential for bitcoin options and the short vol trade.~SD The NFA staff coordinated the donation…

Inflationary VIX shock potential and other vol catalysts; Bitcoin pushback Newsletter,Options

Observations & Insight North Korea says U.S. threats make war unavoidable as China urges calm Soyoung Kim, Heekyong Yang – Reuters Two American B-1B heavy bombers joined large-scale combat drills over South Korea on Thursday amid warnings from North Korea that the exercises and U.S. threats have made the outbreak of war “an established fact”. /goo.gl/g6LF1Y ****SD: We’ve made it this far in the “year of low volatility.” This North Korea update and the below Palestinian story are two of the first things I see scanning my feeds this morning. The other story I saw? Bitcoin hits $16k. No words……

The Crowded Short Vol Trade; Earnings drive swings; Monthly volumes Newsletter,Options

Observations & Insight Cboe Throws Launch Date Punch at Crosstown Rival CME Spencer Doar – JLN Aren’t people supposed be getting into holiday mode? Isn’t December supposed to be slow, with nothing but junior staff running around trying not to mess things up? In the cryptocurrency space, that’s clearly not the case. The CFTC on Friday said CME Group and Cboe Global Markets were okay to launch their respective bitcoin futures products through the self-certification process. CME quickly announced it would launch bitcoin futures on December 18, and then Monday morning, Cboe announced a December 10 launch date and free…