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Tag Archives: systemic risk

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

Two futures exchanges call for post-Brexit Mifid rethink; CME Group and JPX Announce Contract; Systemic risks of clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Today’s top story, Two big futures exchanges call for post-Brexit rethink on Mifid, reiterates what Jeff Sprecher said in April 2017 as covered by Business Insider, “Not to sugarcoat it, I think it [MiFID II] is the worst piece of legislation I’ve ever seen in the history of my career.” But he’s been blasting it since 2016.~JK Eric Piscini of Deloitte Consulting wrote that advancements in the coming months will make the use of blockchain platforms “easier than ever. And it will happen across the main stacks of Hyperledger, ethereum and Corda, among…

Bond wolves; Hedging for the shale boom; Jump Trading shakeup; More BTC Newsletter,Options

Observations & Insight Jim Kharouf Resigns as CEO of John J. Lothian & Company, Inc.; Will Continue Work with Company in Freelance Role Jim Kharouf is stepping down as CEO of John J. Lothian & Company, Inc. at the end of the year after having assumed the role on January 1, 2017. Kharouf is leaving the company as an employee, but will continue to work with John Lothian News and John Lothian Productions as an independent contributor. He will also be exploring his own bespoke initiatives, including in the Fintech sector. Despite accomplishing much during his tenure at the company…

DTCC Video: Systemic Risk Barometer Insights with Mike Leibrock Blog,Financials,Regulation,Video

Mike Leibrock, Managing Director and Chief Systemic Risk Officer at DTCC, shares his insights on the most recent Systemic Risk Barometer Survey. *This video first appeared on the DTCC web site January 7, 2016 and is reposted here with permission.

John Lothian Newsletter: Reflections on Stress and Long Hours on Wall Street; Stanley Fischer pushes for harsher banker penalties; Deutsche Boerse to open Asia derivatives exchange John Lothian Newsletter,Newsletter

First Read Get Smart: LSE Looking To Smart Beta Doug Ashburn – JLN The word “smart” has been drilled into the marketing lexicon for so long it is sometimes hard to tell what is and isn’t actually, well, smart. Smart phones, smart cars, smart watches and even a smarter planet. The investment world has seen its own branding with so-called smart beta, which was examined in depth by FTSE Russell in May, the first time the LSE’s FTSE index division put its names together with Frank Russell since the exchange purchased the US index and asset manager last year. Five…

Clearing Evolution: Michael McClain on the changes at OCC Interview,Options,Video

Industry players are gearing up for this year’s Options Industry Conference. One of the key speakers at the event is Michael McClain, president and COO of The Options Clearing Corporation. We talked with McClain in advance of the conference about the changes at OCC and their effect on its resilience and risk management capability. He also looked at securities lending, options education, and the controversy over OCC’s capital plan. The company has made a number of management changes since it was designated a Systemically Important Financial Market Utility (SIFMU). The changes include increasing the number of public directors. The significant…

JLN Financials: Ukraine Central Bank Raises Key Rate to 30%; The 15 Most Miserable Economies in the World; Corporate-Bond Market Poses Systemic Risk Financials,Newsletter

First Impressions Making It Attainable: RCM Buys Attain To Broaden Managed Futures Reach Jim Kharouf – JLN RCM Asset Management pushed further into the managed futures space today with the announcement it has acquired Attain Capital Management. With the move, RCM aims to strengthen its education offerings and broaden its customer base. “Things that they do very well, RCM does not do well or at all. So the combination of the two firms will really enable us to further our reach in the space,” said Bobby Schwartz, CEO and managing director at RCM. Attain, which started in 2002 offering trading…

Nils-Robert Persson Talks About Cinnober and the Growth of Real-time Risk Management Interview,Regulation,Tech / HFT,Video

Nils-Robert Persson

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.

Per Sjöberg of TriOptima Discusses the Changing Regulatory Environment & Portfolio Reconciliation & Compression Interview,Regulation,Video

Per Sjoberg

The ongoing regulatory overhaul is forcing more firms to find ways to reduce risk and improve capital efficiencies. TriOptima has been working with firms on both issues using its triResolve service for portfolio reconciliation and triReduce services, for portfolio compression. The firm’s services have helped terminate over $110 trillion total notional volume in interest rate swaps since 2008. Per Sjöberg, group chief executive officer of TriOptima, spoke recently with JLN’s Jim Kharouf about the changing landscape.