John Lothian Newsletter: Australia clamps down on ‘algo’ trading; Short-Selling Bans During Financial Crisis Did Little To Stabilize Stocks; Swiss banks accused over tax evasion

Australia reveals new, big plans to rein in the risk of algo trading systems, including requirements for periodic testing (in addition to the every-minute-of-every-day testing that happens when they trade) and controls against abnormal behavior. A new study by the New...

John Lothian Newsletter: Low volumes at U.S. exchanges keep earnings under pressure; PFG Has Regulators on Defense in Congress; Nomura CEO Watanabe to Resign Amid Scandal

As financial exchanges prepare to release earnings, concern is voiced about poor results stemming from ongoing low volumes.  The PFG fraud scandal brings regulatory leaders before Congress to testify about what went wrong.  In Japan, where systemic wrongdoing is also...
Harriet Hunnable on CME U.S. scrap metal futures

Harriet Hunnable on CME U.S. scrap metal futures

Sarah Rudolph Managing Editor & Head of Editorial Operations LinkedIn The CME Group recently announced that they will launch a new U.S. Scrap Metal futures contract in August. Harriet Hunnable, managing director of the CME Group’s metals products, sat down with...

John Lothian Newsletter: CME Exploring Use of Clearinghouses to Hold Client Funds; Libor Probe Expands to Bank Traders; Spain, Italy Ban Short Selling to Slow Market Turmoil

CME Group, stung by a second brokerage that misused its customer funds, proposes taking customer funds away from brokers and storing the money in a safe place.  The LIBOR investigation is now targeting individual groups of traders at multiple institutions. Spain and...

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