Asia/Pacific

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile had an aunt who invested in the stock market who bought Vaile some stock when he was 10 years old and that experience caused him to want to be a stockbroker. As a result, Vaile became a student of the market.

He went to a couple of different colleges in Illinois, then ended up in a program at Wharton for students who did not graduate from college. 

Vaile was working for Morgan Stanley and living in Lake Geneva, WI, surrounded by friends in the futures markets and he wanted to get involved with what was happening. He said he badgered Morgan Stanley to get involved. They gave him permission, but he said he could see how long it would take for them to truly become involved and he did not have the patience for that.

Blue Ocean Technologies CEO Brian Hyndman Sees Clear Sailing for ATS in Overnight Trading

Blue Ocean Technologies CEO Brian Hyndman Sees Clear Sailing for ATS in Overnight Trading

Brian Hyndman was recently promoted to CEO of Blue Ocean Technologies, which has developed from a broker-dealer that matched buyers and sellers by phone during the overnight market hours to an ATS that allows Asian investors to trade U.S. stocks electronically during overnight market hours. Hyndman was recently interviewed by John Lothian News about Blue Ocean and his new role.

Hyndman, a longtime Nasdaq executive, joined Blue Ocean to help raise capital to grow the company. He was eventually asked to join Blue Ocean and run it. Before Hyndman joined, the company’s vision was to trade just ETFs; he extended it out to all NMS (National Market System) stocks. Today, Blue Ocean offers trading on more than 12,000 NMS stocks on its platform.

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

The Singapore Exchange (SGX) is the largest US dollar clearinghouse in Asia, and it is the largest RMB clearing house in the world outside of China. The work of SGX in 2022 is to maintain its position of fluency in dollars, euros, sterling and RMB, making sure access is open to participants from around the world, said Michael Syn, senior managing director and head of equities at SGX.

John Fildes’ Down Under View From FIA Boca 2022

John Fildes’ Down Under View From FIA Boca 2022

John Lothian News interviewed John Fildes of Bain & Company, Inc. of Australia at FIA Boca 2022 about the crypto space, exchange consolidation, payment for order flow and his perspective from down under. Fildes, who was formerly the CEO of Chi-X Australia, is now the capital markets practice lead and expert partner with Bain & Company.

Fildes weighed in on Jump Trading and the wormhole hack, Citadel’s getting into crypto and the 24/7 nature of the crypto business and its impact.

The History Behind SGX; An Interview with Rama Pillai for The History of Financial Futures – a JLN Interview Series

The History Behind SGX; An Interview with Rama Pillai for The History of Financial Futures – a JLN Interview Series

In 1978, the Gold Exchange of Singapore (GES) was created by some Singaporean bullion dealers. Then in the early 1980s, the Monetary Authority of Singapore and financial community leaders sent teams around the world to examine different market structures. One was sent to Chiago to examine the Chicago Mercantile Exchange, Pillai said. The Singaporean team sent to Chicago liked the CME model and felt it would work well in Singapore. This led to the creation of the Singapore International Monetary Exchange or SIMEX.

Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

In early November Telstra partnered with Equinix to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges. JLN interviewed Telstra’s Adam Day after the FIA EXPO about this deal and what it means for Telstra’s customers and potential clients.

The Telstra Octagon solution uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. And now, with Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations improved network connectivity, access to the Equinix data center and colocation and Equinix Fabric interconnection services adjacent to the exchanges.

FIA Asia-V: Call for Greater Operational Efficiency Unanimous, But ‘We Need a Few Heroes’

FIA Asia-V: Call for Greater Operational Efficiency Unanimous, But ‘We Need a Few Heroes’

The COVID-19 pandemic and the period of intense volatility that followed its initial onslaught highlighted gaps in the infrastructure that supports global exchange-cleared derivatives systems. But those glitches have been at play for a while and need to be addressed, panelists at FIA’s Asia-V said.

In a panel on operational efficiencies during day two of the conference, Don Byron, FIA’s head of global industry operations and execution, pointed to the group’s November 2021 “Blueprint” plan to modernize trading processes.

FIA ASIA-V: Major Exchange Leaders Highlight Growth, Vibrancy in Asia

FIA ASIA-V: Major Exchange Leaders Highlight Growth, Vibrancy in Asia

The leaders of three of the major Asian exchanges spoke separately in keynote addresses on the first day of FIA Asia Expo-V. They talked about the rapid change in the financial industry over the past few years, the opportunities for growth in the region, and what’s on the table for their exchanges in the near future. What follows is a summary of their individual remarks.

FIA Asia-V: Facing Challenges of Pandemic, Opportunities in Retail, ESG and Crypto

FIA Asia-V: Facing Challenges of Pandemic, Opportunities in Retail, ESG and Crypto

Much like its Western counterpart, the Asian derivatives industry spent the last year navigating an ever-changing environment dominated by the pandemic and the emergence of new market trends in retail investment, cryptocurrencies and ESG.

In a discussion on the outlook for Asia-Pacific exchanges on Day One of the FIA’s Asia-V conference, panel participants reported no slowdowns in opportunities despite a host of challenges faced by exchange-traded markets in 2021.

Fireside Chat Launches FIA Asia with Regulatory Discussion

Fireside Chat Launches FIA Asia with Regulatory Discussion

Regulatory issues were the first order of business at the first panel of FIA Asia Tuesday Morning (Monday night for those of us in Chicago) as Walt Lukken held a virtual fireside chat with Sharon Shi, chair of FIA Asia’s regional advisory board and managing director at G.H. Financials, and Bill Herder, FIA’s head of Asia-Pacific.

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Wall Street’s Booming ETF Market Is On Brink of Record Launches

Observations & Insight Trabue Bland, SVP, Futures Markets at ICE, has written a paper titled "Why financial participants matter to the commodity markets." The chapter topics of the paper include "How derivatives work" and "Participation in the derivatives...

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