Breaking News

Tag Archives: Tullett Prebon

Historic Risk Management Rules and Practices Go Live on March 1, 2017 in Leading Markets; Clearing houses not “too big to fail” – CFTC; Goldman Tells Stock Pickers to Rejoice as Correlations Decline Newsletter,Options

Lead Stories Historic Risk Management Rules and Practices Go Live on March 1, 2017 in Leading Markets Seyfarth Shaw LLP – JDSupra For the first time in the history of derivatives, regulators in leading markets will require assets to collateralize many derivatives which are not settled in a regulated clearinghouse. It is not possible to overstate the significance of this global regulatory development, which began to take effect in the United States on September 1, 2016, and will continue to apply in 2017 in several industries domestically and across national borders. jlne.ws/2h3sWEV Clearing houses not “too big to fail” –…

SEC approves vast surveillance system for stock market; Debate intensifies over ETFs’ impact on markets; Energy Traders Said to Be Probed in U.K. Over Spark Spoofing John Lothian Newsletter,Newsletter

First Read Cathy Lyall, Minnamurra Consulting – 30 Years of Change MarketsWikiEducation.com Cathy Lyall’s first day in the markets was 1987’s Black Monday. She had planned on going into foreign affairs but snagged a job as a futures broker the Thursday before the crash from her boyfriend, a cash bond broker. She also signed her first mortgage in London the Friday before Lehman Brothers collapsed. Life events when synced with world events yield perspective. In the period between her first day on the job and her first mortgage, Lyall, currently director of Minnamurra Consulting, noticed a shift in the industry’s…

Dollar Is New Fear Index as Easing Renders VIX Useless, BIS Says; Nasdaq’s new CEO faces challenge as industry goes supersize; Traders Salivate as Volatility Returns Newsletter,Options

Observations & Insight A Basel netting issue: Pushing for less burdensome capital requirements in the options market Spencer Doar – JLN The unintended consequences of financial regulation have been seeping into the markets since the first rule was made in the wake of the financial crisis. One prime example is the leverage ratio, which determines the required capital of general clearing members. The actual calculation of the capital requirement within the Basel III leverage ratio framework is a particular sticking point for the OCC. Right now, the Current Exposure Method (CEM) is used in the calculation, whereas the OCC and…

John Lothian Newsletter: EU Financial-Markets Overhaul Start Date May Be Delayed by Year; CFTC Seeks to Bar Trader in Spoofing Case; China to Allow Direct Conversion Between Yuan and Swiss Franc John Lothian Newsletter,Newsletter

First Read A Bad Way to Make Banks Safe By Editorial Board – Bloomberg Global regulators say they’re making progress in reducing the threat that the world’s largest banks can pose to the economy. Actually, new rules may be making things worse. bv.ms/1QfOvjx ***** I love it when a plan comes together. ++++ When Bloomberg Employees Predict the Future; Look into our crystal ball and all will be revealed! Bloomberg News Every year around November or December, many journalists get an assignment they will probably hate. That assignment is, of course, to write about what will happen in the coming…

SEFCON V: One Year In – November 12, 2014, Grand Hyatt New York Blog,Video

The Wholesale Markets Brokers’ Association, Americas (WMBAA) will host its fifth annual SEFCON event on November 12.  Register Here Watch the video promo and register to join dealers, traders, exchanges and regulators for this once-a-year look at the state of the SEF world. Now that SEFs have been operational for a year, it is time to take a fresh look. Register Now From the SEFCON Archives: SEFCON IV Recap A Whirlwind Trip to SEFCON Open for Business: SEFs Navigate the New Regulatory Environment Open for Business: Tech Drives the Transition to SEFs  2012 SEFCON III Highlights  Top Ten Captions for…

Open for Business: Tech Drives the Transition to SEFs Regulation,Video

The Swap Execution Facility was given life by the Dodd-Frank Act. After three years of meetings, rule proposals comments, and more meetings, the final SEF rules were published by the CFTC in mid-2013 and trading has commenced on 18 registered SEFs. John Lothian News attended SEFCON IV and interviewed a dozen of the leading SEF operators, regulators and other participants to bring you this three part series on SEF regulation, the changing market structure and the new technology required to make it all happen. Part three of the series explores the importance of technology in the rapidly changing SEF landscape….

Open for Business: SEF Competition Heating Up in the New Market Structure Regulation,Video

SEFCON IV - PART 2

Swap execution facilities (SEFs) were given life by the Dodd-Frank Act, which requires over-the counter (OTC) swaps to be cleared and traded on this new type of regulated platform. The CFTC published its final SEF rules in mid-2013 and trading commenced on 18 registered SEFs. John Lothian News interviewed a dozen of the leading SEF operators, regulators and other participants and put together a three part series on SEF regulation, the changing market structure and the new technology required to make it all happen. Part II looks at the changes to the overall market structure brought about by new regulation….

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…

2012 SEFCON III Highlights Regulation,Video

2012 SEFCON III

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. 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 an annual conference on issues surrounding swap execution facilities (SEFs), a new type of financial transaction execution entity created by the Dodd-Frank Act. On November 13, 2012, John Lothian News Editor-at-Large Doug Ashburn attended the third such conference, 2012 SEFCON III. This video features…