Americas
John Shay Shoulders AFX Role With Optimism and Purpose
John Shay, the CEO of the American Financial Exchange, took on the role after 7RIDGE bought the exchange from AFX Founder and former CEO Dr. Richard Sandor and the other AFX investors. He was interviewed over Zoom by John Lothian News about AFX and his views on the role of Ameribor.
Podcast: Exploring Term CORRA – An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
Exploring Term CORRA: An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
FIA EXPO 2023 to Spotlight Artificial Intelligence
Walt Lukken, President & CEO of FIA (Futures Industry Association), revealed that artificial intelligence (AI) will take center stage at this year’s EXPO 2023 in an exclusive interview with John Lothian News. The Innovator’s Pavilion will showcase companies offering AI solutions aimed at enhancing market efficiency and functionality. Additionally, AI will be a prominent theme in panel discussions during the event.
Lukken highlighted the overwhelming interest in AI, stating that it was the most sought-after topic among queries sent to the EXPO steering committee before the event.
This year’s EXPO will commence on a Monday, a departure from previous years, with keynote speaker Jon Meacham addressing the audience. Meacham’s speech will delve into how history may assess the leadership qualities of today’s U.S. leaders, as Lukken explained.
Paula DiPerna’s Inherent Contradiction and Paradox Book: Pricing the Priceless
Author Paula DiPerna has been in the room where it happened with such luminaries as Jacques-Yves Cousteau, Richard Sandor and George W. Bush. She was inspired by Sandor to try to do something to deal with climate change after hearing him at an event after the Rio Summit.
As the president of the Joyce Foundation in Chicago, she helped Sandor start the Chicago Climate Exchange and served on the CCX board and as president of CCX – International.
EXCLUSIVE: JLN ICE House Vinnie Viola NYSE Interview by Josh King
ICE Chief Communications Officer Josh King has done it again, with an in-depth and rich ICE House interview, this time with former NYMEX Chairman and Virtu Founder Vinnie Viola. JLN was given an exclusive preview of the interview, which is to be published on Monday, August 28.
In his ICE House interviews, King, who is also the NYSE’s head of corporate affairs, is able to connect his own life with that of his interviewee in a way that sets up the interview perfectly. King’s interview is like none I had ever heard or seen with Viola before.
HOU is the Domestic Crude Oil Benchmark on the Move
Jeff Barbuto is trying to build a new benchmark in U.S. domestic crude oil at Intercontinental Exchange, where he has worked for 21 years running oil and is now the head of global oil markets. The benchmark is HOU, the Midland WTI contract for the Gulf Coast first started five years ago with the help of Magellan Midstream Partners.
Barbuto’s efforts to start building the new benchmark started 10 to 15 years ago as issues with supply gluts at Cushing, OK encouraged a solution to move oil from the middle of the country to the Gulf Coast.
In 2011, the Brent-WTI spread went negative for the first time, after running at about a two-dollar premium for the West Texas Intermediate the North Sea Brent crude over, Barbuto said. WTI would go as much at $25 below Brent in 2011 because of supply gluts in Cushing as more Canadian crude oil made its way to Cushing and more pipelines of crude were coming up to Cushing but not having an outlet, Barbuto said.
Eris Innovations and CME Group Talk Eris SOFR Products Success
John Lothian News interviewed Michael Riddle, CEO of Eris Innovations, and Agha Mirza, managing director and global head of rates and OTC products for the CME Group about the success of the Eris SOFR products trading on the CME.
JLN asked about the origin story of the Eris products and when they began to trade on the CME.
ICE’s Chris Edmonds Expands on Crypto Commentary in JLN Video Interview
Last Friday John Lothian News interviewed ICE Chief Development Officer Chris Edmonds about the commentary he wrote that JLN published and why he wrote it and what he was trying to accomplish.
We asked him what lessons were learned from the BAKKT experience and what was ICE trying to accomplish with the exchange and clearing offering and what didn’t work?
Edmonds said the lesson learned was that the market did not want a physically delivered bitcoin contract.
David Weild Speaks to JLN About the JOBS Act and What it Accomplished and the Challenges We Still Face
David Weild, chairman of Weild & Co., Inc., played a significant role in helping create the environment for and passing of the JOBS Act, which transformed the way companies can raise money in U.S. markets. John Lothian News interviewed Weild for a podcast about...
Cboe’s Iouri Saroukhanov talks with JLN at IDX London about the European derivatives space
Iouri Saroukhanov, head of European derivatives at Cboe Global Markets, was interviewed by JLN Correspondent Julie Ros at the FIA International Derivatives Week (IDX) in London recently. Saroukhanov discussed Cboe’s move into the European derivatives space and its competitive advantage for building a European derivatives exchange. JLN also asked Saroukhanov about the products CEDX offers and what differentiates CEDX from other exchanges in single stock options.
CME Group’s Derek Sammann on the Future of Markets panel at IDX and CME’s growth in international markets, emerging markets, and options
JLN Correspondent Julie Ros talked to Derek Sammann, senior managing director and global head of commodities, options and international markets at CME Group, at the IDX conference in London in June. She asked Sammann about his reflections on the Future of Markets panel at IDX. He said that each of the panelists brought a different perspective to such topics as what grows markets and in particular “product development through the lens of client need.”
TSX Venture Exchange Head Tim Babcock Expounds on TSX’s Venture Forward initiative to JLN
Tim Babcock, the vice president and head of the TSX Venture Exchange, was recently interviewed by John Lothian News about TSX's Venture Forward initiative, which is designed to strengthen Canada’s public venture market, the foundation of the country’s capital...
Jordan Melamed – Open Outcry Traders History Project Podcast
Jordan Melamed is a former trader at the Chicago Mercantile Exchange and a filmmaker. He is the son of CME Chairman Emeritus Leo Melamed. He followed his father’s footsteps to the trading floor of the CME. After a career trading in the open outcry markets he pursued a...
Tom Hutchinson – Open Outcry Traders History Project – John Lothian News – Part Two
In part two of the JLN Open Outcry Traders History Project interview with Belvedere Trading Founder Tom Hutchinson, he tells the stories of his best trading days and his worst trading days.
Hutchinson said he uses probability to look at potential situations and he spoke about the worst situations where his company was at risk, though he has never blown out.
Investors blocked from betting on US congressional elections by regulator
First Read Hits & Takes John Lothian & JLN Staff Cheryl and I are safely home from Bermuda and The World Federation of Exchanges Annual Meeting. We also celebrated our 34th wedding anniversary, so as the saying goes, happy wife, happy life. Now, back to work....
We visit more than 100 financial news websites daily (Would YOU do that?)
The Spread
Options Discovery Episode 20: Intro to Options and Earnings; Etoro Equity and Derivatives Investment Analyst, Callie Cox, Breaks Down Options and Earnings With Jln’s Alex Teng
In this episode of Options Discovery, Asma Awass introduces equity option price behavior around earnings announcements. Alex Teng dives deeper into this topic with Callie Cox, a seasoned investment analyst and content creator from the “social-based” brThinkorswimm eToro.
OCC liquidity risk doubles to all-time high in Q2
Lead Stories OCC liquidity risk doubles to all-time high in Q2; Concentration of activity around June expiration responsible for record rise Joshua Walker - Risk.net The estimated largest payment obligation Options Clearing Corporation (OCC) could have faced had a...
