First Read Hits & Takes Our video today from MarketsWiki Education World of Opportunity Chicago 2017 features NFA President and CEO Tom Sexton.~JJL There is a signup form on the Upcoming Events page of the MarketsWikiEducation.com site for college students to sign up for our MarketsWiki Education Recruiting event on the afternoon of October 16 at the CBOE.~JJL Spencer Doar, Mike Forrester and John Lothian will be in Washington, DC from September 12 to 15 for the Securities Traders Association annual regulatory conference.~JJL Today we have a blog from Jim Falvey about cryptocurrencies and distributed ledger technology. See it below.~SR…
Tag Archives: Tokyo Stock Exchange
‘Inverted’ Model Said to Be Considered for NYSE’s Newest Exchange; LSE-Deutsche Börse merger crumbles as tensions boil over; Tokyo Stock Exchange aims to use AI to detect unfair trading John Lothian Newsletter,Newsletter
First Read A New CBOE By Jim Kharouf, JLN Editor-in-Chief While the London Stock Exchange-Deutsche Boerse deal looks to be failing, an acquisition in Chicago is done. CBOE Holdings and Bats Global Markets are due to close their deal today, bringing together two exchanges that have been pioneers in their own ways. CBOE, the first equity options exchange, will now take on the 12-year old upstart from Kansas City. John Lothian once wrote that “Bats has changed the game.” It certainly has, with cutting edge technology and a grit that quickly made it one of the second largest US equity…
Just over three years ago, Japan’s equity and financial derivatives markets made a bold move to consolidate in an effort to leverage their strengths and create a cash equity and derivatives powerhouse through the merger of the Tokyo Stock Exchange and Osaka Exchange. As the two exchanges moved ahead, cash equities were consolidated in Tokyo, while the Osaka Exchange took on financial derivatives. “We changed the perception of our market, as we integrated very strong cash equity market with the very agile derivatives business, and we are feeding off each other’s strengths,” said Hiromi Yamaji, president and CEO of the…
Asia: Pieces Falling Into Place Financials,Metals,Options,Regulation,Special Report,Tech / HFT,Video
Talking about Asia often leaves professionals from those regions a bit tongue-tied. When JLN decided to do a special report talking about Asia, many of those experts had the same question: “Which country? Asia is a big place.” Indeed, talking about Asia is difficult, given the number of markets and regulatory differences, not to mention geographic distance between various Asian financial centers. The debate still goes on over which one or two or three are the most important in the region. Some say Japan, while others discuss Hong Kong’s status. Others like the positioning of Singapore. And this doesn’t include…
John Lothian Newsletter: Tokyo, Osaka Bourses Merge as Japan Exchange Group; Collateral clawback fears leave US pension funds unable to clear; Europe, Asia banks join U.S. in swap dealer line-up John Lothian Newsletter,Newsletter
Without fanfare, the stock exchanges in Tokyo and Osaka complete their merger and turn their collective eye toward TOCOM. New FCM-clawback provisions are leaving some pension funds out in the cold as clearing clients, amid fears that collateral posted by funds could disappear in an FCM collapse. Dozens of banks in the US, Europe and Asia sign on as registered U.S. swap dealers
John Lothian Newsletter: Japan Exchange Clears Last Hurdle as Shareholders OK Deal; Aquis Exchange appoints first directors; LCH in Singapore FX clearing talks John Lothian Newsletter,Newsletter
Tokyo Stock Exchange and Osaka Securities Exchange round the corner toward the merger finish line, as shareholders signal approval for the deal. Aquis Exchange, a new venue in Europe slated to open for business around the middle of next year, has hired its first directors. LCH.Clearnet looks to establish a hold in Asia as it discusses currency derivatives clearing with Singapore Exchange.
John Lothian Newsletter: Reform looms anew for money market funds; NYSE Amex Options to Eliminate Position Limits for Options on SPY; Japan takes its first steps John Lothian Newsletter,Newsletter
The day after the SEC declared it would abandon its effort to reform money market funds, other regulators in and out of the US say they will step up and consider new requirements. NYSE Amex Options exchange announces that they’ve received SEC approval to eliminate position limits on SPY options. With the TSE-OSE merger good to go, Japan moves toward having more weight to compete globally; the Financial Times takes a look at the progress and challenges.
John Lothian Newsletter: Tokyo, Osaka bourses say their merger approved; Maple-TMX Group merger clear approval hurdles; NYSE Plan Angers Brokers John Lothian Newsletter,Newsletter
Good progress (for a change) made on a couple of exchange mergers. Tokyo and Osaka stock exchanges announce that they got a vote of no-interference from the regulator reviewing their merger plans; and TMX Group gets a not-red light to proceed with the Maple Group buyout as well. In the USA, NYSE Euronext’s plans to go head-to-head with dark pools generates hissing and grumbling from some brokers. You can read NYSE Euronext’s Duncan Niederauer’s point of view in First Read today; today’s newsletter also includes an extra LIBOR section to corral the latest news about this very much still-unfolding scandal.
John Lothian Newsletter: SEC Options Cases Highlight CBOE Regulation; HKEx to offer renminbi futures; Tokyo Trading Glitch Thaws Resistance to Alternative Platforms John Lothian Newsletter,Newsletter
As the SEC takes additional action against broker OptionsXpress, the CBOE finds itself in the middle of a much closer look at how it supervises its members. The Hong Kong Exchange announces plans to issue futures contracts for trading the Chinese yuan. Fault and strategy analysis continues at the Tokyo Stock Exchange over a systematic failure earlier this year. In the top box, John Lothian pens a salute to the S&P 500 Index Futures contract, which turns 30 this year; and OCC and OIC upgrade their support of MarketsWiki to the Partner level.