Breaking News

Tag Archives: Sharon Bowen

Academics Clash Over VIX Bragging Rights; ’50 Cent’ Just Reloaded With a Big Hedge Against a Stock Selloff; CFTC commissioner to depart amid ‘intolerable’ situation Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian CFTC Commissioner Sharon Bowen has had enough. Or more accurately, she can do the math and her best move is to step aside and let the Washington political process proceed. Congress likes to send up paired nominees for confirmation to the CFTC, but we need two Republicans and one Democrat confirmed to get to the full five-member CFTC. By stepping down, Bowen sets up the ability of Congress to send up a pair of Democrats to go with the pair of Republicans. Hats off to Bowen for her work on…

Lone Democrat on U.S. Swaps Regulator to Leave Before Term Ends; CFTC Democratic Commissioner Sharon Bowen To Step Down; Brussels in late effort to tighten rules limiting off-exchange trading John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian CFTC Commissioner Sharon Bowen has had enough. Or more accurately, she can do the math and her best move is to step aside and let the Washington political process proceed. Congress likes to send up paired nominees for confirmation to the CFTC, but we need two Republicans and one Democrat confirmed to get to the full five-member CFTC. By stepping down, Bowen sets up the ability of Congress to send up a pair of Democrats to go with the pair of Republicans. Hats off to Bowen for her work on the…

CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture Blog,Commentary,Feature,Politics,Regulation & Enforcement

The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors.  CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also acting head of the Securities Investor Protection Corporation, chartered by Congress to help protect U.S. investors from brokerage…

John Lothian Newsletter: LSE chief dismisses American suitor as ‘slash and burn interloper’; Sovereign wealth funds push for higher hedge fund standards; CME Group Appoints Paul Houston as Global Head of FX John Lothian Newsletter,Newsletter

First Read 2016 Exchange CEO Series: SGX’s Boon Chye Expanding With New Products, New Platform in 2016 JohnLothianNews.com Loh Boon Chye took over the Singapore Exchange CEO post in July 2015 with a focus on growing the overall business in derivatives, clearing and equities. But he faces headwinds across the asset classes as China’s economy slows. Boon Chye, however, believes the exchange is well positioned to move forward in 2016. SGX has made a name for itself by introducing equity index futures with the Nikkei 225 futures, among others. The exchange now is broadening its China product suite with the…

John Lothian Newsletter: CFTC Can’t Give Whistleblower Money Away; Fining Bankers, Not Shareholders, for Banks’ Misconduct; Bridgewater Heir Apparent in Talks to Give Up Co-CEO Role John Lothian Newsletter,Newsletter

First Read Immigrant Killed in Manhattan Crane Collapse Recalled as Decent and Humble By LIAM STACK – WSJ The life of David Wichs, the 38-year-old trading firm employee who was killed Friday morning when an enormous construction crane crashed onto a street in Lower Manhattan, was distinguished by the kinds of achievements that figure in many immigrant dreams. But those who knew Mr. Wichs, who immigrated to the United States from Czechoslovakia as a teenager, remembered a fundamentally humble and warmhearted man. “David was the nicest, most trustworthy person that I have known,” said Mark Gorton, the founder and managing…

A Marginal Victory – for the Time Being Blog,Commentary,Regulation

On December 16, 2015, a U.S. Government entity took a giant step that will have far-reaching effects on the global financial ecosystem. Oh, yeah, and the Fed raised interest rates for the first time in 10 years. While most eyes in the financial world were glued to the talking heads blathering about the rate hike, I was watching the CFTC as it approved two rulemakings – a proposed rule that would require exchanges, clearing houses, swap execution facilities and data repositories to conduct specific cybersecurity tests, and a final rule requiring swap dealers to exchange initial and variation margin with…

John Lothian Newsletter: Finance Industry Should Fund Swaps Oversight, CFTC’s Bowen Says; The case for active management weakens; Swap futures to reach South African markets John Lothian Newsletter,Newsletter

First Read Mike Cahill Joins Advisory Committee of John J. Lothian & Company, Inc. By John J. Lothian, JLN We are pleased to announce that Michael E. Cahill, former senior executive with The OCC, has agreed to join the advisory committee of John J. Lothian & Company, Inc. Mike, who most recently served as CEO of the OCC, retired from after a 32-year career in 2014. Mike joins fellow advisory committee members Peter Wind, Ed Boyle, Clive Furness, Bill Templer, Diane Saucier, Thomas F. Cashman and Martin Mosbacher The advisory committee was created to give our company outside expert advice…

John Lothian Newsletter: Swiss Franc Shock Spurs CME to Change Rules on Emergency Halts; New York Prosecutor Expands ‘Dark Pool’ Complaint Against Barclays; Traders Once Starved for Volatility Now See Too Much John Lothian Newsletter,Newsletter

First Read The World Is Flat: ISE’s Boris Ilyevsky Talks PIM And New Flat Auction Pricing Sarah Rudolph – John Lothian News In October, seven options market making firms sent a letter to the SEC outlining their concerns about “the growing trend of exchanges imposing oversized transaction fees on market makers” competing in auction crosses. The firms said they were disadvantaged by the current structure in which internalization is encouraged by the use of a “breakup fee” that keeps market makers from competing with “initiators” of the auction. The International Securities Exchange (ISE) responded to the debate over price improvement…