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Tag Archives: Tradeweb

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…

Wall Street Readies Debt-Limit War Room; Bitcoin Foundation seeks protection from regulation; Deutsche Boerse Supervisory Board Action John Lothian Newsletter,Newsletter

First Read Hits & Takes Paul Georgy of Allendale is today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Speaking of opportunity, would you like to be a sponsor of our MarketsWiki Education Intern Recruiting Event? You can find details HERE. There is a unique savings opportunity if you want to be a speaker at the event and have a table to meet prospective interns. MarketsWiki sponsors get a discount on speaker opportunities, so if you become a Friend level sponsor in our special deal for $2500, you can save $500 and add to…

UBS, BNP, RBS Get Subpoenas in U.S. Treasuries Probe; Brussels set for power grab on London’s euro-clearing market; Tradeweb Launches All-to-All Corporate Bond Trading John Lothian Newsletter,Newsletter

First Read You Look Mahvelous Dahling: “Mad Men” Ready to Walk the Exchange Red Carpet with Nasdaq Spencer Doar – JLN Fintech and regtech are firmly entrenched in the financial industry’s lexicon — if a new exchange has its way, “adtech” will be the next addition. The New York Interactive Advertising Exchange (NYIAX) plans to offer a guaranteed contract for digital advertising space on Nasdaq’s latest blockchain-enabled technology platform in Q4. “The advertising world is … becoming more sophisticated with how it buys and sells inventory and there are a lot of challenges around trust and transparency — knowing the…

John Lothian Newsletter: Negative Yields From Paris to Tokyo Draw Investors to U.S. Debt; Tradeweb Launches U.S. ETF Trading Platform; This Upstart Market Hopes to Grow With `Flash Boys’ Strategy John Lothian Newsletter,Newsletter

First Read Bit & Pieces Doug Ashburn – JLN The FIA just announced that former Secretary of State Condoleezza Rice will be the keynote speaker at the Wednesday lunch at FIA Boca in March. She plans to discuss a number of issues at the top of our agenda in the derivatives world – global economic uncertainty, cybersecurity and geopolitics. Oh, yeah, and there is an election coming up, about which she may have something to say. The conference takes place March 15-18, and details can be found HERE. As in prior years, John Lothian News will be there in full…

JLN Financials: In Bonds, One Man’s Big Sales Pitch; Pimco’s flagship fund decreases U.S. govt-related holdings in Jan; Currency Warriors Get Boost at G-20 Meeting Financials,Newsletter

First Impressions SDR 2.0: CME Group’s Jonathan Thursby Looks at the Future of Swap Data Repositories JohnLothianNews.com Over the past 18 months, the OTC derivatives world began mandatory reporting into trade repositories. Now that we have had some time to work through the logistics, it is time for a rethink. Jonathan Thursby, president of global repository services at CME Group, says the CFTC and global regulators are looking at revisions to the rules, and he lays out his wish list for a new and improved framework. Watch the video » Quote of the Day Having proven themselves unable to cobble…

John Lothian Newsletter: Banks May Have Overplayed Their Hand Fighting Wall Street Regulation; In Bonds, One Man’s Big Sales Pitch; SGX names new head of China business John Lothian Newsletter,Newsletter

First Read SEC Charges Former Brokerage CEO for His Role in Fraudulent Scheme SEC The Securities and Exchange Commission today announced that the former CEO of a global investment services firm’s brokerage subsidiary agreed to pay more than $783,000 and admit wrongdoing to settle a case involving employees under his control misleading customers. The SEC previously charged ConvergEx Group subsidiaries, which paid $107 million and admitted wrongdoing to settle the charges. The SEC also charged two former employees in that enforcement action, and later separately filed a case against a different former ConvergEx subsidiary CEO that is pending in federal…

Pipelines: Nick Solinger Talks Market Infrastructure for SEFs Regulation,Video

It’s been a historic year for swap execution facilities as more were launched in the wake of Dodd-Frank rulemaking by the Commodity Futures Trading Commission. Nick Solinger, head of product strategy and chief marketing officer of Traiana, said that its been a good year for firms getting connected to SEFs and for SEFs getting off the ground. The firm connected 16 FCMs to 16 SEFs with six more on the way. “The typical FCM has been able to clear, three, four, five, six different venues with that one connection to our hub,” Solinger said. “Buy-side firms can similarly trade across…

John Lothian Newsletter: Banks Consider New Corporate-Bond Trading Network; CME Group hears complaints, may tweak planned fee hikes; ASX System Error Forces Chi-X to Delay Start of Auction Product John Lothian Newsletter,Newsletter

First Read Timothy Lothian Takes a Stand as an Eagle Scout Yesterday my Boy Scout Troop and family held an Eagle Court of Honor for my son Tim. It was was quite an affair of family, friends, scouts, scouters and lots of memories. It was just like holding a wedding, but without the other side. Part of the tradition in our Troop, when a Scout is so honored at an Eagle Court of Honor, is for the Eagle Scout to give a gift to the troop. In our troop, each Scout gives a flag to the troop which has significant…

SEFCON IV Snapshot Interview,Regulation,Video

SEFCON IV

The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted its annual SEFCON conference in New York on issues surrounding swap execution facilities (SEFs), a new type of financial transaction execution entity created by the Dodd-Frank Act. SEFCON IV, to be held November 18, 2013, will feature a status update on SEFs from regulators, legislators, dealers, traders and other market participants. Conference chairman Chris Ferreri offers a glimpse as to what attendees can expect in…