Environmental Social and Governance
CME Clearing Project Seeks Sustainable Solutions
Investor interest in sustainable investments is expanding rapidly. A survey of 179 global asset owners published by FTSE Russell on October 7 found that more than 84% are implementing or evaluating sustainable investments in 2021, up from 53% in 2018. But with uniform criteria of those investments’ “green” attributes a work in progress, CME Group has jumped into the fray with its Sustainable Clearing Project.
Morningstar Scaling Up Against Industry Dominators
The index business is dominated by three big companies: Dow Jones Indexes, FTSE Russell, and MSCI; but there is a Chicago index company that has big plans to advance and scale up its business to bring more value to index clients and leave more money in the pockets of investors. Former FTSE Russell executive and now Morningstar Indexes Managing Director Ron Bundy is charged with the evolution and growth of Morningstar Indexes.
ICE Exec Gordon Bennett Talks About Market-Based ESG Initiatives
https://vimeo.com/619128176 Gordon Bennett, the U.K.-based managing director of utility markets at the Intercontinental Exchange, recently sat down with John Lothian to talk about ESG initiatives, including pricing the cost of carbon and...
FIA IDX 2021 Panel: More Exchange-Traded Products On Path to Sustainability
Environmental markets are “transitioning to an asset class in their own right,“ said Gordon Bennett, managing director of utility markets for ICE and a panelist at a FIA IDX’s Tuesday presentation, “Exchanges and the Roll Out of New Sustainability Products.”
“They’ve changed a lot in the last two to three years” and are not just about carbon markets anymore, Bennett said. “Clearly, more people are getting involved” in ESG-related markets, Bennett added, noting that data in the CFTC’s Commitments of Traders Reports are starting to reflect a wider diversity of market participants.
IDX 2021 Panel: EU and U.S. Regulated Exchanges Tackle Crypto, ESG Challenges
The FIA’s IDX panel of executives from U.S. and EU derivatives exchanges on Tuesday quickly turned to a discussion of meeting the challenges of several of the new products currently demanded by investors and traders.
Taiwanese Bourse Suffers Worst Crash In Its History; SEC Sets Its Sights on Gamified Trading – The Spread
This week on The Spread, a major crash at the Taiwan Stock Exchange nets gains for bearish options bets, options traders bet on carbon, Nasdaq gets approved to launch VOLQ options, and more.
ISDA 35th AGM: Are Derivatives a Green Solution?
Unraveling how to effectively mitigate the economic and market risks associated with climate change was the focus of an ISDA meeting session on Tuesday, but while the panel of international regulators and banking officials outlined their considerable and ongoing efforts, a clear path to a uniform solution remained elusive.
CME announces close of most of its trading pits; Cboe dabbles in ESG – The Spread
This week on The Spread, the CME Group announces it’s keeping most of its pits closed for good, Cboe announces it’s getting into ESG derivatives, and more.
OIC 2021: ‘Washington Outlook’ is for a mix of clouds, not sunny skies, for Biden’s proposals
The main question batted around at The Washington Outlook panel at the 2021 Options Industry Conference on Wednesday was whether President Joe Biden can realize his hope for bipartisanship on his agenda, given that a large chunk of his new American Families Plan proposal is anathema to Republicans – in particular the proposed tax increases on the wealthy that would pay for much of it.
Brendan Bradley Is No ESG Investing Dummy and He Has a Book to Prove It
First he co-wrote “FinTech For Dummies.” Now he has written “ESG Investing For Dummies.” John Lothian News interviewed Brendan Bradley over Zoom about his new book and the ESG space.
Net-Zero Commitment ‘Not Concessionary’ Amid Climate Transition
A slow march toward climate-friendly investment appears to be picking up the pace just as global asset managers, regulators and policy-makers gear up for the 26th United Nations Climate Change Conference of the Parties (COP26) climate talks slated to be held in Glasgow in November 2021.
Ram Vittal – John Lothian News Zoom Interview
In 2020, Ram Vittal was hired by Marex to be the CEO of the London-based firm’s North American operations. John Lothian interviewed Vittal for John Lothian News about his role at Marex. Vittal discusses Marex's retail and institutional strategies and where they fit in...
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Wall Street Traditionalists Spar With FTX Over Crypto Derivatives; SEC Proposes More Disclosure Requirements for ESG Funds
First Read Hits & Takes John Lothian & JLN Staff Friends of the late Carl Gilmore, including Chris Hehmeyer and Chuck Bohm, are gathering today at Ceres in the CBOT Building lobby at 4:30 p.m. in an informal tribute to their friend. All are welcome whether you...
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The Spread
Term of The Week- Best of October 2021- May 20, 2022
TERM OF THE WEEK:This Week’s term is the Best terms from October 2021.
Hedges Across Assets Are Too Expensive, Morgan Stanley Says
Lead Stories Hedges Across Assets Are Too Expensive, Morgan Stanley Says Options imply broad range of outcomes, strategists say Morgan Stanley suggests positioning for a peak in volatility Joanna Ossinger - Bloomberg Long volatility is too expensive as hedging...
