Industry News supplied by John Lothian
Date: Jul 31, 2013
Fresh off its completion of fixing all major stock market problems, the SEC considers the possibility of beginning to regulate insider trading in commodity markets. The head of NYSE Euronext says that its merger with ICE is on target and headed for a fall completion. MF Global — what’s left of it, anyway — sues [...]
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Industry News supplied by John Lothian
Date: Jul 30, 2013
The International Securities Exchange receives SEC approval to begin operation of its new Gemini options exchange, and plans to open its doors in early August. A lawsuit against the US government by a hedge fund may finally pry open the lid on bailout practices. New exchange Nasdaq OMX NLX is up and running, gradually gaining [...]
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Industry News supplied by John Lothian
Date: Jul 29, 2013
Nasdaq reports heavy cash support used to develop business for its new NLX London exchange unit. The hedge fund industry faces sour looks in all directions, from issues with recent and ongoing lackluster performance to questions about the legitimacy and legality of past profits. Europe’s regulator ESMA appears to be bowing to industry pressure, and [...]
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Industry News supplied by John Lothian
Date: Jul 26, 2013
The CFTC is ready to maintain its position that it’s a bad thing for one trader’s unused funds to be temporarily diverted to pay for somebody else’s problems. In Europe, six years after the Mifid financial reforms, little benefit appears to have accrued for smaller fund managers. The World Federation of Exchanges reports a substantial [...]
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Industry News supplied by John Lothian
Date: Jul 25, 2013
Singapore Exchange places its first listing on its new dual-currency trading platform. JPMorgan looks to sell off a range of its electricity deals as more attention is paid to banks and commodity trading. Exchange CBOE looks for a purchase agreement for ConvergEx’s options technology subsidiary LiquidPoint. First Read Eighteen Years Later John Lothian Eighteen years [...]
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Industry News supplied by John Lothian
Date: Jul 24, 2013
Singapore Exchange indicates that contributions to its clearing fund are rising as it prepares to evaluate the fund against international standards. Also in Singapore, banking and wealth management are on the rise compared to Switzerland, but the Swiss aren’t particularly worried. NYSE Euronext is overhauling its New York disaster plans to make it easier on [...]
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Industry News supplied by John Lothian
Date: Jul 23, 2013
Regulators in the UK and US bag a trader for electronic order spoofing. ETF trading volume in Hong Kong nearly doubles in the first half of this year as investors sought out mainland stocks. News coverage intensifies along with regulatory scrutiny of physical commodity trading and warehouse practices. First Read Summer Intern Education Series Update: [...]
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Industry News supplied by John Lothian
Date: Jul 22, 2013
The Federal Reserve is taking a closer look at the wisdom of its 2003 decision that allowed regulated banks to trade physical commodities. The SEC’s quick-and-cheap settlement with hedge funder Philip Falcone gets a big thumbs-down from… the agency itself. CME Group makes forward progress in its Hong Kong trading center. First Read CME Group [...]
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Industry News supplied by John Lothian
Date: Jul 19, 2013
CME Group will provide clearing services for TrueEX’s new credit-default swaps. FINRA sends information requests to high-speed trading firms regarding their ability to mitigate market disruptions from their trading activity. Hackers break into secret rooms in NASDAQ’s online forum and gain access to password data. Those passwords… they WERE encrypted, right? First Read John’s Update [...]
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Industry News supplied by John Lothian
Date: Jul 18, 2013
A proposed rule to help protect customer funds could create fundamental and undesirable changes in the futures industry, according to the head of CME Group. Clearing house LCH.Clearnet loses its head, and must search for a new leader. India’s financial regulator gets new powers, though possibly not super powers, that should enable it to take [...]
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Industry News supplied by John Lothian
Date: Jul 17, 2013
Clearing companies EuroCCP and European Multilateral Clearing Facility begin the merger process, the end result of which would be Europe’s biggest stock clearing facility. Richard Cordray is finally confirmed as head of the Consumer Financial Protection Bureau in the US, allowing him to actually hold that title before he retires from the job. Half the [...]
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Industry News supplied by John Lothian
Date: Jul 16, 2013
Tokyo forms world’s third largest exchange. Technical problems with South Korea’s futures market. Libor investigation going after invdividuals. First Read How To Innovate In An Uncertain World Forbes By now, we all know what it takes to become successful: as Malcolm Gladwell revealed in Outliers: The Story of Success, with a steady diet of 10,000 [...]
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Industry News supplied by John Lothian
Date: Jul 15, 2013
SEC ruling should help funding for early-stage ventures. Regulators get compromise on cross-border regulations. If Britain leaves the EU London may feel the pinch. First Read View Special Report » It’s been quite a summer for Turkey – once a darling emerging economy for investors, the country has been turned on its ear over, [...]
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Industry News supplied by John Lothian
Date: Jul 12, 2013
A bill written by a group that includes Sen. Elizabeth Warren (D., Mass.) and John McCain (R., Ariz.), would bring back the provisions in the 1933 Glass-Steagall Act that separated commercial and investment banking activities. Recent decisions by high frequency trading firms to enter emerging markets continues a trend that began after the 2008 financial [...]
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Industry News supplied by John Lothian
Date: Jul 11, 2013
US and EU regulators have struck a cross-border swaps regulation deal, while Richard Sandor is honored for his work by the French and Shanghai is allowing foreign commodities exchanges to set up delivery warehouses. First Read Congratulations to Chevalier dans l´ordre de la Légion d´Honneur Dr. Richard Sandor By John Lothian & JIm Kharouf Congratulations [...]
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Industry News supplied by John Lothian
Date: Jul 10, 2013
Details are emerging, as are analyses, of the NYSE Euronext takeover of LIBOR management. The CFTC may or may not have cross-border rules in place by Friday. The FDIC adds its capital rules to those approved last week at the Fed. And James Giddens, MF Global trustee, offers his view on how to avoid the [...]
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Industry News supplied by John Lothian
Date: Jul 9, 2013
NYSE Euronext to administer LIBOR. Deadline over derivatives rule looming. UK will expect better from its bankers. First Read A Look at Forensic Accounting and Financial Fraud MarketsWiki.tv In the aftermath of the Peregrine Financial Group fraud, many wondered how it could have happened and how forensic accounting works after a fraud occurs. On June [...]
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Industry News supplied by John Lothian
Date: Jul 8, 2013
Thomson-Reuters to stop delivering economic survey two seconds early to those who pay for the privilege. CFTC announce public meeting regarding cross-border-swaps on Friday, July 12. S&P claims reasonable investors would not believe their claims about credit ratings. First Read Invest in our Industry’s FutureSign up your Interns and Summer Workers Today for [...]
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Industry News supplied by John Lothian
Date: Jul 5, 2013
NYSE Euronext’s new small-and-medium trading venue EnterNext turns on the lights in Brussels. Tradeweb applies for permission to operate an electronic swap trading facility. With Knight Capital’s takeover complete, Thomas Joyce heads for the exit. First Read The Fun is Over Pat Kenny – CQG I’m fairly certain that the reason John asked me to [...]
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Industry News supplied by John Lothian
Date: Jul 4, 2013
John Lothian News is closed today, but here’s some food for thought for liberty-minded people. First Read The Declaration of Independence Jonathan Matte In the 1780′s, a bunch of people sat down and fought, argued and persuaded a new nation into being. Despite bitter divisions and strong opinions, those people were nevertheless able to forge [...]
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Industry News supplied by John Lothian
Date: Jul 3, 2013
Nasdaq OMX and Borsa Istanbul sign a partnership. The EU wants to toughen up its financial regulator, but the UK isn’t having any. In China, the State Council approves the reintroduction of government bond futures trading. First Read Independence Pat Kenny – CQG [Without trade restrictions] the obvious and simple system of natural liberty establishes [...]
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Industry News supplied by John Lothian
Date: Jul 2, 2013
CFTC commissioner Jill Sommers will head out the front door next week, vacating her position there. The EU turns up the heat on derivatives traders, and considers past sins as well as future requirements. Deutsche Börse announces plans to create a trading venue for cloud computing resources. First Read The Pressure’s On Pat Kenny – [...]
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Industry News supplied by John Lothian
Date: Jul 1, 2013
CME Group updates its wash trade regulation, prompting a great deal of noise from the CFTC and a subsequent retraction of the change by the exchange. The EU charges large investment banks with colluding to block smaller players from setting up operations to trade credit-default swaps. South Korea’s third stock exchange opens its doors today. [...]
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