Environmental/Energy

Patrick Birley, obituary

Patrick Birley, obituary

Patrick Birley, the former CEO of NEX Exchange, LCH.Clearnet, the Climate Exchange and SAFEX and devoted father to his three daughters, passed away on 25 October.

Patrick’s career in finance spanned more than 30 years and established him as one of the industry’s great innovators, pioneering the development of electronic trading and carbon credits.

Roosevelt University Students Propose Futures Market for Space

Roosevelt University Students Propose Futures Market for Space

Roosevelt University’s CCCF honors student Luis Arreola and former Professor Bryan Rodriguez are pioneering a concept that might shape the future of near earth space commerce. Merging Arreola’s research on water futures with a mentor’s study of space markets, they have embarked on an ambitious project: a futures market for space commodities.

Paula DiPerna’s Inherent Contradiction and Paradox Book: Pricing the Priceless

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.

HOU is the Domestic Crude Oil Benchmark on the Move

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.

WFE CEO Nandini Sukumar speaks with JLN about ESG progress at the World Federation of Exchanges, the WFE’s new green equity principles, and the difference between sustainability and ESG

WFE CEO Nandini Sukumar speaks with JLN about ESG progress at the World Federation of Exchanges, the WFE’s new green equity principles, and the difference between sustainability and ESG

John Lothian News interviewed Nandini Sukumar, Chief Executive Officer at the World Federation of Exchanges (WFE), about the findings of the WFE’s 9th Sustainability Survey of Exchanges. First, Sukumar discussed the WFE’s process for conducting the survey and its findings, which reflect the many ways that exchanges have increased their activity in the sustainability and ESG areas.

Is the era of the traditional FCM model coming to an end?

Is the era of the traditional FCM model coming to an end?

No, at Abaxx Exchange we don’t believe the era of the traditional FCM model is coming to an end, nor should it be. However, the recent Risk.net article “Brokers slam CME over ‘conflict of interest’ in FCM plan’ made us realize that not everyone may feel the same way, and we need to make our case for the raditional FCM model.

Some exchange groups ranging from the largest that date back more than a century to the digital asset focused upstarts have asserted that risk mutualization processes — currently favored and handled by FCMs — can and should be disintermediated.

LME’s Georgina Hallett Talks LME Passport, Responsible Sourcing and More in JLN IDX Interview

LME’s Georgina Hallett Talks LME Passport, Responsible Sourcing and More in JLN IDX Interview

In London at FIA’s IDX, or International Derivatives Week, conference at The Brewery, John Lothian News interviewed LME’s Chief Sustainability Officer, Georgina Hallett, about the LME’s Passport, the electronic certificates of analysis (CoA) and digital credentials register.

Hallett had just finished her panel at IDX titled “What Now For Sustainable Finance?” moderated by former FT journalist Jeremy Grant.

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

Rostin Behnam had the advantage of being a CFTC commissioner since 2017 before being confirmed as chairman in December of 2021, giving him insight into the organization and good working relationships with its staffers.

JLN spoke to Behnam at the International Futures Industry Conference in Boca Raton, Fla., about the start of his chairmanship and what he hopes to accomplish.

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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China

Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China

First Read Hits & Takes John Lothian & JLN Staff Today is GivingTuesday. According to the official GivingTuesday website, "GivingTuesday was created in 2012 as a simple idea: a day that encourages people to do good." I encourage you to make a donation to your...

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The Spread

Goldman Says Sharp Drop in Volatility Is Opportunity for Hedging

Observations & Insight Nasdaq's Kevin Kennedy Discusses GEMX Launch on AWS Cloud, Highlights Latency Improvements and Future Cloud Migration Plans JohnLothianNews.com Nasdaq has been moving its markets to the cloud, and it recently announced GEMX had moved to its...

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