Breaking News

Tag Archives: Walter Lukken

Walt’s Kilt Challenge Giving News

By Walter Lukken: It has become somewhat of a ritual for a courageous man in the futures industry to take on the almighty task of wearing a kilt for the evening of the gala dinner which is held in aid of FFK. This long standing tradition founded by Jeremy Grant, the brave, demands adorning oneself in a knee-length garment with pleats at the rear. Often made of woollen cloth in a tartan pattern, this particular item of apparel originated in the Scottish Highlands around the 16 Century. Other daring challengers include John Lothian, Simon Rostron and last year Clive Furness,…

John Lothian Newsletter: SEC proposes tighter oversight of computer trading; Global Derivatives Trading Fell 15pct In 2012; Warsaw bourse open to consolidation John Lothian Newsletter,Newsletter

The SEC takes a step towards standardizing and improving computerized trading. According to the WFE, derivatives trading around the world took a double-digit hit last year. The new head of the Warsaw Exchange says that actually, it might be ok after all to merge with other exchanges. In today’s First Read, take a look at our new video interview with Walt Lukken of the FIA; and take a look at the A-list for JLN guest editors starting in two weeks.

John Lothian Newsletter: Rate probe turns to four major banks; US regulators warn of tri-party repo risk; Singapore Exchange tightens listing rules John Lothian Newsletter,Newsletter

As expected, the baleful eye of the regulators swings toward four more banks that may have engaging in LIBOR shenanigans with Barclays.  As if the current crop of regulatory train wrecks were not enough, the tri-party repo market is flagged as having been systemically vulnerable to trouble for years.  Singapore Exchange toughens requirements for listing companies, hoping to reform its roll of titles and attract more interest from around the world.  In the top box, take a look at a MarketsWiki.tv interview with Cinnober CEO Javier Tordable; and if you haven’t seen the MW.tv interview with Kevin Cook of Autumn…

Republicans Will Rule in House and Senate, But Have Trouble Revising Dodd-Frank, Says John Damgard Blog,Regulation

United States Capitol

In what he said was his last speech as president of the Futures Industry Association, John Damgard was optimistic that Republicans would dominate both the Senate and the House in the next election, but not that they would be able to undo any of the provisions of the Dodd-Frank legislation to which they object. Damgard told the Union League Club of Chicago that he expects the House to remain Republican and even gain a few more seats, and that the Senate will likely pick up four to six Republican seats.  “The recent redistricting has guaranteed Republicans control of the House for the next 10 years,”…

John Lothian Newsletter: SEC wants banks to say more on European debt exposure; U.S. Inquiry of MF Global Gains Speed; LME’s steel plans tarnished by MF Global John Lothian Newsletter,Newsletter

The SEC is pushing banks to provide more data on their exposure to European sovereign debt, on the off-chance that they are swimming with the same sharks that ate MF Global.  Speaking of MF Global, regulators report progress in the “where did the money go” investigation; and (speaking of swimming) the London Metals Exchange find itself in a drained pool, its hopes of forging a steel benchmark futures contract at odds with dramatically lower volume with major player MF Global gone.  In the USA, Walter Lukken has been chosen to lead the Futures Industry Association; and JLN’s Jon Matte is…