Breaking News

Tag Archives: Trayport

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…

Harvey throws a wrench into U.S. energy engine; NYSE owner lines up sale of energy trader; Chicago Exchange Sale Looks Shaky as China Tensions Rise John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The CME has published a video “Spread trading with E-mini Russell 2000 futures.”~JJL Leslie Sutphen is the speaker featured today in JLN from the MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Bloomberg has a story “Odds of U.S. Technical Default About 15%, T-Bills Curve Shows.” This is something to keep your eye on.~JJL In more “millennials are wrecking things” news, J.D. Power reports “48% of millennials with $100,000 in investable assets … say they ‘probably will’ or ‘definitely will’ leave their current firm and advisor, compared with just 8%…

UK court upholds ICE Trayport sale order; State Street to Start Voting Against Companies That Don’t Have Women Directors; AI technology to replace 90,000 buy-side jobs by 2025 John Lothian Newsletter,Newsletter

First Read Rosenthal Collins Group Appoints Matthew Straight CIO Press Release Rosenthal Collins Group LLC (RCG), a leading independent futures clearing firm, announced the appointment of Matthew Straight as its new Chief Information Officer and Executive Vice President. Straight joins RCG with 26 years of experience in technology leadership, engineering and financial services. /goo.gl/KxUjxm **JK: Congrats to Matthew and to RCG. ++++ Trade like a girl; Trading desks in the asset management industry are dominated by men, but this patriarchal trend is beginning to shift as women on the buy-side are uniting to encourage others to join the sector. Hayley…

Traders of ETF Options Deviate From Forecasters on OPEC Deal; OCC Comments on Essential Aspects of CCP Resolution Planning; Bumpy Ride Ahead for Investors as Presidential Election Looms Newsletter,Options

Observations & Insight Welcome to FIA EXPO Week By John J. Lothian Welcome to FIA EXPO week in Chicago. The global derivatives/financial/technology industry converges on the Hilton on South Michigan Avenue tomorrow as the conference officially begins then. It will be a week of news, meeting colleagues and old friends and a little bit of socializing. Just be careful out there. The Windy City is living up to its name as tremendous winds, not created by blow-hard politicians, has descended on the city. John Lothian New will be out in force at the conference, and we will again be shooting…

John Lothian Newsletter: Wall Street watchdog has unfinished business with bad brokers; US renews push for monitoring equity market; ICE’s $650m Trayport deal set for lengthy probe John Lothian Newsletter,Newsletter

First Read Battle Fronts Doug Ashburn – JLN In his famous axiom, Von Clausewitz (a Prussian general and military theorist) called war “the continuation of policy by other means.” In the great global exchange war, it seems to be working the other way, with policy serving as a new battle front. The latest salvo? The U.K.’s Competitive Markets Authority yesterday announced it may be undertaking an enhanced review of last fall’s acquisition of energy trading platform Trayport by Intercontinental Exchange. According to the CMA, the acquisition could become detrimental to competition, such as by raising prices or lessening the quality…

John Lothian Newsletter: China stock plunge triggers ‘circuit breaker’ trading halt; Well-Known Investor John Angelo Dies; Market performance for 2015 in figures John Lothian Newsletter,Newsletter

First Read NFA Election – Ernest Jaffarian reply to statements of James Koutoulas and John Roe John Lothian News From Ernest Jaffarian: I find it necessary to speak to a number of mischaracterizations regarding the service of Doug Bry and myself on the NFA Board. It was Doug Bry who originally suggested to me in 2011 that I pursue election to the NFA Board. He did so out of a deep concern for the needs of CTAs and their clients in the wake of MF Global. When the nominating committee chose to nominate the incumbent to a non-contested position on…

John Lothian Newsletter: Fierce debate over challenger trading venue; Derivatives regulation spat nears Transatlantic detente; ICE tells Trayport staff chief exec Piggott has left John Lothian Newsletter,Newsletter

First Read John Roe Responds to John Lothian Endorsement of Doug Bry and Ernest Jaffarian for NFA Board of Directors John Roe – CCC via JLN John Roe is a candidate for the Board of the National Futures Association representing CTAs and CPOs. He is running on a platform along with James Koutoulas for the Board. I endorsed their competition, Doug Bry and Ernest Jaffarian, who, like Koutoulas and Roe, are current members of the NFA Board representing CTAs and CPOs. bit.ly/1OhGRzd ++++ Dear Mr. Roe, Thanks for the Reply John Lothian – JLN John Roe has responded to my…

John Lothian Newsletter: LCH portfolio margining launch on track; Singapore bourse challenges old obstacles with new bond trading system; Investor caution sends chills through Wall St and San Francisco John Lothian Newsletter,Newsletter

First Read ICE Spread Jim Kharouf – JLN It’s no longer surprising to be surprised by Jeff Sprecher. The guy who shook up the futures industry with a bold but failed bid for the Chicago Board of Trade in 2007 has been accumulating pieces on the chessboard ever since, with the biggest move being the taking of NYSE Euronext in 2013. This week, Sprecher’s ICE Group surprised again with the $650 million in stock acquisition of OTC energy platform Trayport. Not having to put up capital, but stock, made it even more admirable. And that followed last month’s $5.2 billion…