Breaking News

Tag Archives: TMX

Montréal Exchange’s Luc Fortin Says It’s All About The Time Feature,Mwiki,Video,video

Market to Expand Hours and Revamp It’s 5-Year Bond Luc Fortin, the president and CEO of Montréal Exchange, is looking to expand the exchange’s reach this year with new extended hours starting in October, which will grab more of the European time zone as well as its interest rate suite in the second half of the year. It is one of the last G7 exchanges to offer longer trading hours, so the move will put the Canadian derivatives market on a more equal footing with other markets. “The concept of trading the market on your time is something we’re very…

Vol products in the spotlight; Cboe’s pain; New VIX ETP Danger Newsletter,Options

Lead Stories Wall Street’s volatility products in the spotlight; Market retains potential for upsets after February’s ‘Vix-mageddon’ Christian Pfrang and Robin Wigglesworth – Financial Times (SUBSCRIPTION) A month ago global markets were thrown into a tailspin, with US equities suffering one of their fastest 10 per cent corrections in history. The mayhem raised questions about a small but complex corner of markets where investors trade volatility itself. jlne.ws/2FZ4elX ****SD: I still like vol-cano over Vix-mageddon. Armageddon is a one-off affair while volcanos light up with frequency. One line from the article that I’d say requires a lot more stipulations is:…

Young CEO Reshapes 140-Year-Old Metals Exchange; ICE Completes Trayport Deal w/ TMX; America’s Inequality Is Sending the Dow Soaring John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Georgetown McDonough School of Business offers a new fintech class. John Jacobs, executive director of the school’s Center for Financial Markets and Policy, will teach the course along with Perianne Boring, founder and president of the Chamber of Digital Commerce.~JJL The 2018 World Inequality Report is out. Spoiler alert – income inequality is increasing in “nearly all world regions in recent decades, but at different speeds.” Lots of graphics to parse through. The charts comparing Western Europe’s top 1% vs the U.S.’s top 1% on page 8 are pretty stunning.~SD CME Group has…

Deutsche Boerse CEO to step down amid insider trading probe; ICE to sell commodities trading platform Trayport for £550m John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff ALTSO had more than 1400 people last night, and raised over $620,000 at its annual Rocktoberfest in NY. The Chicago event raised almost $145,000 with about 500 attendees. Way to go ALTSO! ~JK Bright Pink sat down with Kristin Wood, senior director, internal communications and community relations at CME Group, to learn more about this best-in-class corporate partnership. CME Group is on track to make a gift of $160,000 to Bright Pink in 2017 through the annual Pink for a Purpose campaign. ~JJL To anybody who avidly follows the John Lothian Twitter…

SEC to give MiFID reprieve; Big exchanges ask SEC to hold off on fee cap plan; Capital rules and clearing risks John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff FIA EXPO is opening in Chicago today after some opening parties last night. We look forward to a great week of conducting interviews in the Cinnober booth on the EXPO exhibit hall, attending the sessions and seeing too many readers and industry friends to be counted. Feel free to stop us and say hello if you see any of the JLN team.~JJL One year ago the Dow sat at 18,086. Yesterday, the index touched the 23,000 mark for the first time. Give it another 13,000 points and Kevin Hassett and James Glassman…

New Reforms Could Make Banks More Vulnerable; Intercontinental Exchange Announces Agreement to Acquire TMX Atrium from TMX Group; Nex Group: a dude elides John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have added Johan Toll of Nasdaq to our March 1 Stockholm MarketsWiki Education World of Opportunity event. He will speak about blockchain. Unfortunately, Patrick Thornton-Smith of Duco had a conflict come up and will not be able to present. We hope to get PTS in the fall in London. John Damgard has agreed to speak at our July 21 event in Chicago. We are beginning work on lining up speakers for this summer’s series. Chicago is scheduled for July 17, 19 and 21. New York is set for July 11…

Biggest Indian Exchange’s CEO Resigns Just Months Before IPO; DRW Judge Is Told by CFTC That Firm ‘Banged the Close’ Daily; Deutsche Boerse offers gamers place to trade virtual goods John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian The shocking news of NSE CEO Chitra Ramkrishna stepping down right before the long anticipated IPO has implications for the World Federation of Exchanges, where she had just been named chairperson. This type of thing is not unprecedented in the industry organization world. It has happened a couple of times I can think of to the FIA The @JohnLothian twitter handle was knocked from the top spot of Streeteye.com’s Twitter Leaderboard yesterday by @Memorandum. The new leader says it is “the latest political news and opinion from left to right and…

John Lothian Newsletter: Libor Oversight Chief Was Forced Out; Nasdaq NFX passes key trading milestone; FCM client clearing numbers in steep decline John Lothian Newsletter,Newsletter

First Read WSJ overhauls Money & Investing team Talking Biz News There are a lot of changes underway at the Money & Investing team and I wanted to share them with you. The moves are intended to make our coverage more analytical, impactful, and timely, while giving our staff opportunity to adapt and grow. bit.ly/1NtgfxS ***** Aaron Lucchetti, Telis Demos and Serena Ng are among the reporters given new roles. Lucchetti, a favorite of mine, will become the lead financial technology editor. It tells you the tectonic shifts going on in the financial sector as FinTech becomes the game. I…