Brace yourself. It may be time for a financial transaction tax
This is a subheader Jim Kharouf Freelance Writer TwitterLinkedIn In the past few weeks the financial transaction tax (FTT) has been suggested and floated everywhere from Chicago’s mayoral election campaign to candidates for the new presidential election. The search...
Wilson goes all in against the CFTC and the industry wins
There are traders who put their careers on the line every day in the markets. And then there’s Don Wilson, who put his career and firm on the line in court with the Commodity Futures Trading Commission, and won.
POV: Are Publicly Traded Exchanges Sticking It To You?
Jim Kharouf Freelance Writer TwitterLinkedIn There is a recurring criticism of publicly traded exchanges – that they are not serving the needs of their customers, all to satisfy shareholders. Such was the essence of the argument by James Andrus, an investment...
Brexit Has Industry Participants Prepping For “Worst Case Scenario”
Jim Kharouf Freelance Writer TwitterLinkedIn Industry participants are preparing for a worst case scenario with the UK Brexit coming next March. Frustration with the process and lack of political leadership was palpable at the World Federation of Exchanges Annual...
ESMA Keeping Tight Leash On EU Trading Venues
Jim Kharouf Freelance Writer TwitterLinkedIn Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said MiFID II rules launched in January are indeed living up to expectations of pushing more trading onto exchanges, but more work may be...
Build or Buy? Exchanges Continue to Branch Out For Revenues Through Acquisition
Jim Kharouf Freelance Writer TwitterLinkedIn Exchanges are continuing to look at two areas for revenue growth – consolidation and acquisition of non-exchange service firms, according to a new report from Burton Taylor. The report, presented at the World...
Exchange Legacy: WFE Tackles The Question Of The Role Of Exchanges. It’s Much More Than You May Think.
Jim Kharouf Freelance Writer TwitterLinkedIn Can exchanges change the world and shape the future? This goes well beyond the traditional mantras that derivatives markets help set prices and offset risk, or stock markets help raise capital for companies. Hats off to the...
What does your clearinghouse DEFCON scale look like today?
Jim Kharouf Freelance Writer TwitterLinkedIn Talk about timing. Ten years after the collapse of the global financial market and a decade of rebuilding it, Nasdaq reports that Nasdaq Clearing had to cover for a clearing member default of €114 million on Nasdaq Nordic,...