Breaking News

Tag Archives: SEC

Corporate bond trading at MarketAxess reaches record high; ICE says being asked to shift operations from London to continent; SEC working ‘diligently’ on plan to test lower exchange fees John Lothian Newsletter,Newsletter

First Read Did you know? Jim Kharouf & Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At the…

SEC Targets Illicit Options Trades Made Ahead of Telecom Deal; Markets Aren’t Normal and Neither Are You; VIX Index Soars in Warning to Trump’s Bull Market Newsletter,Options

SEC

Lead Stories SEC Targets Illicit Options Trades Made Ahead of Telecom Deal; Regulator freezes assets in accounts linked to suspicious activity Chris Dieterich – WSJ If you’re trading on inside information, maybe be a bit more discreet? The Securities and Exchange Commission on Friday announced a court order to freeze assets in brokerage accounts that made suspicious, windfall-reaping options trades ahead of an acquisition announced last week. At issue are short-dated, out-out-of-the-money calls bought days before Liberty Interactive announced its acquisition of General Communication, a telecom provider. /goo.gl/Pc57qx Markets Aren’t Normal and Neither Are You Thomas Preston – The Ticker…

SEC targets fake stock news on financial websites; Daniel Maguire appointed LCH Group Chief Operating Officer; The quickening evolution of trading — in charts John Lothian Newsletter,Newsletter

First Read BRIEF-CME Group on April 6, James Oliff notified company that he would resign from the board effective immediately Reuters CME Group – on April 6, James Oliff notified company that he would resign from company’s board of directors effective immediately – sec filing Source text /goo.gl/JII4rt ***** Jim Oliff had a great run on the CME Group board and made many contributions to the success of the company. I wish him well with what comes next. ++++ Scammers Used SeekingAlpha for Bogus Stock Promotions, SEC Says by Matt Robinson – Bloomberg Regulator fines firms that made payments to…

Singapore Exchange Said to Mull Tie-Ups as Deals Grow Harder; ICE warns clients global regulation could harm business; Leveraged Loan Market Moves Closer to Blockchain, Group Says John Lothian Newsletter,Newsletter

First Read JLN Exchange Leader Series 2017: LSEG’s Hackett on a Clear Path Forward JohnLothianNews.com In just a few years, LCH has doubled its headcount to nearly 500 employees. That’s just one indicator that this division of the London Stock Exchange Group is doing well across a variety of its operations. Ali Hackett, USA Country Head for London Stock Exchange Group, spoke to JLN about the importance of the customer in continuing LCH’s expansion. Since the financial crisis, regulators have adopted rules that have pushed clearing and trading onto exchanges. But there is still a demand from clientele for innovative…

Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited; Acting SEC chair plans test to lower exchange fees; Cowen Group in talks to buy brokerage Convergex John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian John Lothian News has learned that OCC President and COO Mike McClain has resigned and left the organization. His last day was two days ago when the OCC held a goodbye event in Chicago. The official narrative is that he left for personal reasons, including the continued attention to his wife, who is battling illness. Other sources have cited the high turnover the OCC has seen in recent years and some of the pressures at the core of that for McClain’s departure. McClain had been with the OCC for 15 years…

US Options Volume Slips in February as Volatility Retreats Further ; ‘Crisis fatigue’ on show as hedging absent in face of stock shock; Suddenly, stock-market investors fear Trump will drop the fiscal-policy baton Newsletter,Options

Observations & Insight Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series – video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion…

SEC Shortens Settlement Window for Stock, Bond Trades; Banks Trimming Compliance Staff as $321 Billion in Fines Abate; EU to formally veto Deutsche Boerse LSE merger shortly – sources John Lothian Newsletter,Newsletter

SEC

First Read Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series — video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion purchase…

Mystery of Russian Crime Gang, ADM Brokers Solved in U.K. Court; SEC poised to shorten settlement cycle for securities trades; The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul John Lothian Newsletter,Newsletter

First Read Boca Bits JLN Staff During the exchange leaders panel, panelists were asked what company and city would dominate swaps clearing in 5 years. During CME Group CEO Terry Duffy‘s response, he (again) raised the spectre of the CME Group moving out of Chicago by refusing to say where CME would be headquartered in a half decade. The consensus from the Washington Outlook panel was it will be extremely difficult for any reforms (read Dodd-Frank) to make it through Congress, so significant regulatory shifts will emerge from the agency level. Chris Giancarlo got a standing ovation at FIA Boca,…

My Picks for CFTC and SEC Commissioners Blog,Commentary,Mwiki,Politics,Regulation

Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let’s create some of our own in time for the FIA Boca Raton International Conference.  I am going to give you my top ten potential candidates for each commission in alphabetical order. That they are on the list does not mean they would be willing to serve, but it does mean I believe they are eminently qualified to serve. I am also going to share with you honorable mentions. These are others…