Industry News supplied by John Lothian
Date: Jun 28, 2013
As expected, the CFTC files a civil no-settlement suit against ex-MF Global’s Jon Corzine and Edith O’Brien. In Hong Kong, one of the directors of the shuttered Hong Kong Mercantile Exchange resigns amid the ongoing scandal there. CME Group nears completion on its plans for clearing swaptions products, and hopes to start that clearing in [...]
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Industry News supplied by John Lothian
Date: Jun 27, 2013
The CEO of Eurex Exchange calls “favoritism” on EU antitrust regulators after the ICE-NYSE merger approval. The London Metal Exchange announces a clearing fee increase that is in line with recently-declared fee hikes from LCH.Clearnet. EU finance ministers give a thumbs-up on a key piece of how the union should deal with failing banks. First [...]
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Industry News supplied by John Lothian
Date: Jun 26, 2013
Royal Bank of Canada and some fund manager friends plan a new stock exchange to challenge Toronto’s TMX by offering a non-HFT environment. Recent news and economic shocks have created tough volatility for many investors, but CME Group is coming out ahead this time. Trading Technologies unveils two big deals in Europe, expanding the company’s [...]
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Industry News supplied by John Lothian
Date: Jun 25, 2013
ICE-NYSE is a go; now we just need a name. Hong Kong Exchanges discusses the future for its combined exchange force, and considers raising fees in London. As toxic cleanup after MF Global continues, regulators are said to be readying charges against ex-leader Jon Corzine. First Read A changing futures industry David Setters – Contango [...]
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Industry News supplied by John Lothian
Date: Jun 24, 2013
The London Metal Exchange and Shanghai Futures Exchange go head to head for the metals market in China. London Stock Exchange’s MillenniumIT tech division looks for inroads into the Brazilian exchange market. China’s renminbi currency gets a boost on the international stage as Britain and China create a currency swap agreement. In First Read today, [...]
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Industry News supplied by John Lothian
Date: Jun 21, 2013
Industry lobby associations FIA and FOA plan to join forces. CME Group looks at the impending ICE-NYSE organization and considers the possibility of creating softs futures products. Michel Barnier in Europe has some suggestions for the US regulatory effort, and they don’t involve racing ahead of everyone else. First Read Futures Lobbyists in U.S., Europe [...]
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Industry News supplied by John Lothian
Date: Jun 20, 2013
Nasdaq is on the prowl for a new chief for its technology division. In Brazil, ATS Brasil files for approval to start up a new exchange next year. Moscow Exchange plans to offer futures contracts from Deutsche Boerse beginning in September. First Read The Pinnacle of Nervousness John Lothian The most nervous man in [...]
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Industry News supplied by John Lothian
Date: Jun 19, 2013
China starts up and sees its first trades in a Shenzhen-based carbon exchange. The SEC takes baby steps in the direction of holding wrongdoers to the standard of actually admitting what they did wrong. The CEO of Europe’s Deutsche Boerse says it’s prowling the neighborhood in search of a good merger deal. First Read FFastCricket [...]
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Industry News supplied by John Lothian
Date: Jun 18, 2013
Regulators in the EU are said to be preparing a thumbs-up for the ICE/NYSE Euronext merger deal. The new credit-default swap futures at ICE listened to crickets at yesterday’s debut, but by afternoon began to see trading. In Japan, easier stock-shorting rules are slated to become permanent in November. In today’s First Read section, take [...]
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Industry News supplied by John Lothian
Date: Jun 17, 2013
The operator of the Tokyo Stock Exchange plans to open a new exchange in a couple of years that will focus on raising capital to rebuild national infrastructure. The London Stock Exchange plans to open a new electronic swaps trading venue. Two big banks set up a sales effort for some notorious CDO products, but [...]
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Industry News supplied by John Lothian
Date: Jun 14, 2013
A CFTC commissioner wants the regulatory agency to reach out and compromise with overseas regulators on regulating foreign risk. In a probably unrelated turn of events, EU member states reached a milestone agreement on certain bank transactions and competition between clearing companies. As LIBOR’s fallout rolls onward and new allegations of currency rate manipulation surfaces, [...]
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Industry News supplied by John Lothian
Date: Jun 13, 2013
The SEC allows NYSE Euronext to allow ETF managers to pay market makers in order to improve liquidity. The US House of Representatives passes a bill that would exempt offshore trading from Federal oversight. Nasdaq OMX appoints a new head to run its US stock exchanges. First Read Giancarlo Said to Be Vetted for Republican [...]
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Industry News supplied by John Lothian
Date: Jun 12, 2013
As if interest rate manipulation weren’t enough, now regulators are investigating claims that foreign-exchange traders at major banks manipulated currency rates via collusion in last-minute market trading. Singapore Exchange wants to add volatility circuit breakers to its trading systems to add safeguards against excessive price swings. OTC Global Holdings’ trading platform subsidiary EOX Exchange files [...]
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Industry News supplied by John Lothian
Date: Jun 11, 2013
Australia’s stock exchange goes on a capital-raising mission. NYSE Euronext picks a CEO for their new EnterNext venture. Regulatory reform in Europe is said to have hit a roadblock as underfunded regulators and industry opposition takes its toll. First Read CME primed for new derivatives rules Neil Munshi, Philip Stafford and Michael Mackenzie – FT.com [...]
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Industry News supplied by John Lothian
Date: Jun 10, 2013
Industry execs see the possible sale of Euronext as shaking up the exchange balance in Europe. Asset managers get a welcome exception to Dodd-Frank credit-default swap collateral rules from the SEC. In the UK, a lawsuit over short selling rules could be a larger test over the power that cross-border regulators may wield in the [...]
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Industry News supplied by John Lothian
Date: Jun 7, 2013
Dissent within the CFTC over timelines for new rules governing foreign derivatives rises to the surface, and casts doubt on the future of those regulations. The US and Britain are both reported to be readying criminal charges against employees of Barclays bank for their role in monkeying with the LIBOR interest rate benchmark. Another binary [...]
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Industry News supplied by John Lothian
Date: Jun 6, 2013
London Metal Exchange Chief Executive Martin Abbott announces his departure from HKEx. The SEC as expected announces their proposed new regulations for the money market industry. The London Metal Exchange sets its date to launch its new clearing operations, confirming the previously announced discontinuation of clearing operations with LCH.Clearnet. First Read People Moves – WILD [...]
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Industry News supplied by John Lothian
Date: Jun 5, 2013
First Read How Well Do You Network? This is a Test. Jessica Titlebaum – Orc Group Some people say it’s money, but I think it’s networking events that make the world go ‘round. They give you an opportunity to establish and maintain connections as well as build a successful brand with a purpose. An industry [...]
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Industry News supplied by John Lothian
Date: Jun 4, 2013
Exchange operator Nasdaq announces that they are toughening up real-time system monitoring to improve their oversight of their trade flow. Shareholders give a substantial thumbs-up to the ICE-NYSE merger. LCH.Clearnet starts a service in the US to give clearinghouse customers bankruptcy protection. In First Read today, take a look at the latest MarketsWiki.tv video interview: [...]
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Industry News supplied by John Lothian
Date: Jun 3, 2013
EU regulators evaluating the proposed ICE-NYSE merger are looking at competetive risks in the soft commodity sector. US regulators continue to edge toward rules designed to mitigate the future potential for financial crises, but that progress also continues to increase tensions between the US and Europe. NYSE Liffe sets July 1 as the conversion date [...]
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