Breaking News

Tag Archives: risk management

Risky Business: DePaul to launch new risk management programs and grant Blog

DePaul University

If ever there were a time to launch a new degree on risk management, one might guess this is it. While the derivatives industry constantly talks about risk management in the financial markets and in trading operations, Chicago-based DePaul University’s Fred Arditti Center for Risk Management sees a broader opportunity. The school is offering a new “Enterprise Risk Management” (ERM) masters degree this fall. It also is featuring another undergraduate program, in actuarial science, that emphasizes risk management tools. Both programs will focus on a broad spectrum of risk that affects companies in the financial markets and those outside this…

Flex Time: Object Trading’s Dan Hubscher on Shedding Operational Complexity Tech / HFT,Video

Dan Hubsher

From a flurry of new regulations and rapid changes in market structure to constant updates from exchanges, simple, flexible infrastructure has never been more important in the trading world. John Lothian News spoke with Dan Hubscher of Object Trading on the topic of shedding operational complexity and what they found from their most recent research. “The problem is,” according to Hubscher, “that people are stuck in silos – all the trading applications, infrastructure and connectivity come packaged with the screens. Every time there is an innovation or change at the exchange level, there is a ripple effect all the way…

Special Report: CFTC’s TAC Meeting on Automated Trading Regulation,Special Report,Tech / HFT

CFTC

The Commodity Futures Trading Commission (CFTC) will host a Technology Advisory Committee meeting on Thursday, at 10 a.m. EST, with a focus on swaps markets as well as automated trading. This John Lothian Special Report highlights the key elements of the CFTC’s concept release on automated trading environments, which is featured below and in our MarketsReformWiki.com site HERE. The page was created and produced by our Editor-at-Large Doug Ashburn. ++++ CFTC Issues Concept Release for Automated Trading EnvironmentsOn September 9, 2013, the CFTC issued a concept release on risk controls and system safeguards for automated trading environments. The release offers…

Compliance Advice on SEC’s Market Access Rule from Julie Dixon of Titan Regulation Interview,Regulation,Tech / HFT,Video

Regulating the U.S. financial markets is an increasingly difficult task for the Securities and Exchange Commission and other regulators. Not only must the commission enforce the rules currently on the books, it must also respond to new crises that may be threatening the safety and confidence of the market. On May 6, 2010, the Dow Jones Industrial Average plunged nearly 1000 points, or around 10 percent, in a matter of minutes, then quickly recover about two-thirds of the move, in what has since been referred to as the “flash crash.” SEC Rule 15c3-5 (“Market Access Rule”), finalized in November 2010,…

Guest Commentary: Are You Ready to Trade Derivatives in the New Paradigm? Commentary,Regulation

Sean Owens

Guest commentary by Sean Owens. Sean Owens is director of fixed income at Woodbine Associates, a Stamford, Connecticut-based consulting and research firm serving the capital markets. In addition to his research, he has served on industry panels and roundtables and is a frequent speaker at industry events. His latest work, the “The Fast Track to Central Clearing and Optimal Margin Management,” is a comprehensive examination of the impact of new swap clearing and margin rules on asset managers, hedge funds, traders and banking institutions. For more information, or to obtain a copy of the guide, click HERE. The derivatives markets…

JLN Options: Hedge funds seen behind likely VIX short squeeze Newsletter,Options

Nils-Robert Persson Talks About Cinnober and the Growth of Real-time Risk ManagementMarketsWiki.tv There are some firms who are ahead of the curve and profit from it. Cinnober Financial Technology, the Swedish-based provider of electronic trading platforms was certainly one of them when it began pushing real-time risk management technology for trading and clearing platforms long before the 2008 financial crisis. Now its an integral part of the marketplace. Nils-Robert Persson, executive chairman for Cinnober spoke with JLN editor-in-chief Jim Kharouf about the speed of execution and clearing systems, as well as what’s next for the firm. Watch the video »…

Steven Crutchfield of NYSE Discusses New Management Structure and Options Technology Interview,Options,Tech / HFT,Video

Steven Crutchfield was named CEO of NYSE Euronext’s two U.S. options exchanges, NYSE Amex Options and NYSE Arca Options earlier this month. The move marks a new management strategy for NYSE’s options markets, which had been managed separately. Crutchfield spoke with John Lothian News editor-in-chief Jim Kharouf about the new management structure, new initiatives for market makers and in risk management as well as dealing with lower options volumes this year.

Ryan McElvogue of FFastFill Discusses Dodd-Frank Related Risk Management Interview,Regulation,Video

Ryan McElvogue

Ryan McElvogue is managing director of FFastFill, the U.S. subsidiary of FFastFill Plc., a London-based provider of front-, middle- and back-office solutions for the global electronic trading community. In August 2012, FFastfill announced that Orbit Risk, its clearing member risk management suite, is fully conformant with certain Dodd-Frank related CFTC regulations scheduled to take effect October 1, 2012. McElvogue spoke with John Lothian News Editor-at-Large Doug Ashburn about Orbit Risk, Dodd-Frank risk management and readiness, and operational versus technical implementation issues.

JLN Environmental/Energy: Top emitter China agrees to work with EU to cut carbon; Businesses plead for changes to California’s new cap-and-trade market; How green banks can transform our energy system Environmental/Energy,Newsletter

In this edition, coverage centers on Europe’s latest move (following its pairing with Australia in recent months) to sync up on ETS and other efforts: Reuters has “Top emitter China agrees to work with EU to cut carbon” and Business Green brings its own take on these developments. Elsewhere, The Wall Street Journal digs in to “Shale: A New Kingmaker in Energy Geopolitics.”