ISDA and 20 other trade associations have called on regulators to suspend the timeline for the initial margin phase-in requirements because of the impact of the coronavirus pandemic, The Trade reported.
Posts written by Sarah Rudolph
ABN AMRO
ABN Amro will take a $200 million hit to its profits after the recent financial market turmoil left the bank on the hook when a customer was unable to meet margin calls, The Financial Times reported.
Australian Securities Exchange
The Australian Securities Exchange (ASX) has been forced to delay the rollout of its new blockchain-powered post-trade system because of the coronavirus pandemic.
James Bullard
Federal Reserve Bank of St. Louis President James Bullard said the U.S. should declare a three-month work break for nonessential businesses to help stem the spread of the coronavirus.
Ronin Capital
CME Group said on Friday that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC that morning because "firm was unable to meet its capital requirements going forward." Though Ronin is a direct clearing member of CME, it does not handle...
Futures Industry Association
FIA elected new directors to its board at the annual board of directors meeting. They are: Paul Anderson of Deutsche Bank, Samina Anwar of Cargill, Kari Larsen of Perkins Coie, John Murphy of Mizuho Securities USA, and Jamila Piracci of Roos Innovations.
American Financial Exchange (AFX)
The American Financial Exchange (AFX) announced a record volume day on Monday as $3.195 billion traded across all products, beating the previous record of $3.035 billion on September 19, 2019. Open interest in AMERIBOR futures reached a record 1,032 contracts.
Jim Downs: Connamara – and the Markets – a Year Later
Connamara’s CEO Jim Downs discusses what’s new at the company since we spoke with him at FIA Expo last year. It turns out it’s a lot.
Steve Tucker
Steve Tucker, former CEO of Ffastfill, is now the CEO of an online learning company called Itslearning, which he joined in January.
Walt Lukken: FIA Moves Forward After Boca Cancellation
After FIA Boca 2020 was cancelled because of the Coronavirus, JLN found some alternative ways to put together the video interviews we had scheduled. In this one, with Walt Lukken, we spoke via phone with Walt and the FIA taped their side of the interview in his...
Larry Tabb
Larry Tabb's research and advisory firm The TABB Group, which he founded, just announced it is winding down immediately because of "profound changes in the research business" exacerbated by the Coronavirus. He is now a consultant at Tabb Advisors.
Cboe Global Markets, Inc.
Cboe Global Markets became the latest to announce a temporary closing of its trading floor on Thursday. Cboe said it will shut down its Cboe Options Exchange (C1) floor at the close of business on Friday, March 13 as a precautionary measure against COVID-19....
Judi Hart
Judi Hart was promoted to chief operating officer at PEAK6, effective immediately. She was previously the company's chief people officer.
The Small Exchange
The Small Exchange, a venture led by a former executive of TD Ameritrade, received approval from the CFTC on Tuesday to become the newest U.S. futures exchange.
Sarah Rudolph
Editor-in-Chief
SarahRudolph@JohnLothian.com MarketsWiki Profile
Sarah Rudolph is Editor-in-Chief at John Lothian News. She is a Chicago-based journalist who has concentrated on financial services. She joined John Lothian News in 2008.