Exchanges/OTC & Clearing
The Mistaken Harshness in Cboe Leadership Change Press Release Sends Wrong Message
I had just landed in Charlotte, NC yesterday morning on my way to Bermuda and the WFE’s General Annual meeting and I turned off airplane mode on my phone. The first text quickly flashed on my phone with the message, “Ed Tilly has resigned as CEO of Cboe in a scandal, do you want to comment for the newsletter?” No! I said.
Nick Solinger Reflects on FIA Tech Role, Its Future and IDX Takeaways
In this JLN video interview from this year’s FIA IDX in London, JLN Correspondent Julie Ros talked to Nick Solinger, the president of FIA Technology Services, Inc. He offers a comprehensive overview of FIA Tech’s role within the industry, recent developments at FIA Tech, its future plans, and the impact of its participation in IDX.
John Shay Shoulders AFX Role With Optimism and Purpose
John Shay, the CEO of the American Financial Exchange, took on the role after 7RIDGE bought the exchange from AFX Founder and former CEO Dr. Richard Sandor and the other AFX investors. He was interviewed over Zoom by John Lothian News about AFX and his views on the role of Ameribor.
Podcast: Exploring Term CORRA – An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
Exploring Term CORRA: An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
FIA EXPO 2023 to Spotlight Artificial Intelligence
Walt Lukken, President & CEO of FIA (Futures Industry Association), revealed that artificial intelligence (AI) will take center stage at this year’s EXPO 2023 in an exclusive interview with John Lothian News. The Innovator’s Pavilion will showcase companies offering AI solutions aimed at enhancing market efficiency and functionality. Additionally, AI will be a prominent theme in panel discussions during the event.
Lukken highlighted the overwhelming interest in AI, stating that it was the most sought-after topic among queries sent to the EXPO steering committee before the event.
This year’s EXPO will commence on a Monday, a departure from previous years, with keynote speaker Jon Meacham addressing the audience. Meacham’s speech will delve into how history may assess the leadership qualities of today’s U.S. leaders, as Lukken explained.
EXCLUSIVE: JLN ICE House Vinnie Viola NYSE Interview by Josh King
ICE Chief Communications Officer Josh King has done it again, with an in-depth and rich ICE House interview, this time with former NYMEX Chairman and Virtu Founder Vinnie Viola. JLN was given an exclusive preview of the interview, which is to be published on Monday, August 28.
In his ICE House interviews, King, who is also the NYSE’s head of corporate affairs, is able to connect his own life with that of his interviewee in a way that sets up the interview perfectly. King’s interview is like none I had ever heard or seen with Viola before.
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
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.
Eris Innovations and CME Group Talk Eris SOFR Products Success
John Lothian News interviewed Michael Riddle, CEO of Eris Innovations, and Agha Mirza, managing director and global head of rates and OTC products for the CME Group about the success of the Eris SOFR products trading on the CME.
JLN asked about the origin story of the Eris products and when they began to trade on the CME.
ICE’s Chris Edmonds Expands on Crypto Commentary in JLN Video Interview
Last Friday John Lothian News interviewed ICE Chief Development Officer Chris Edmonds about the commentary he wrote that JLN published and why he wrote it and what he was trying to accomplish.
We asked him what lessons were learned from the BAKKT experience and what was ICE trying to accomplish with the exchange and clearing offering and what didn’t work?
Edmonds said the lesson learned was that the market did not want a physically delivered bitcoin contract.
Eurex’s Matthias Graulich talks to JLN at FIA IDX about Eurex’s new STIR partnership and the growth in delivering its value proposition
Matthias Graulich spoke with Julie Ros at the FIA IDX conference in London recently. Ros asked him about Eurex’s new STIR partnership. A couple of years ago Eurex launched a program for interest rates, swaps, and repos and they recently expanded the program to cover short term interest rate derivatives, he told her. “We grant virtual equity to the best performing partners, meaning we grant governance rights and share revenues on a perpetual basis to those who best support the success of this initiative,” he said.
Eurex’s Rafael Zanatta Talks About New Bitcoin Index Futures with JLN’s Julie Ros at FIA’s IDX
Rafael Zanatta, head of sales, EMEA, Eurex FTSE bitcoin index futures at Eurex, spoke with JLN Correspondent Julie Ros at the FIA’s International Derivatives Week (IDX) in June about Eurex’s recently launched FTSE bitcoin index futures.
Rama Pillai and KC Lam of SGX on trading flows from Asian markets into Singapore, FX trading innovations, and transposing the NIFTY Index futures to India
JLN Correspondent Julie Ros spoke with two executives from SGX, the Singapore Exchange, at FIA’s IDX Conference in London in June. Rama Pillai, managing director, global sales & origination, and KC Lam, head of FX and rates, talked about the changes they’ve seen with trading in Asia and the products their clients have been trading in the current environment.
David Weild Speaks to JLN About the JOBS Act and What it Accomplished and the Challenges We Still Face
David Weild, chairman of Weild & Co., Inc., played a significant role in helping create the environment for and passing of the JOBS Act, which transformed the way companies can raise money in U.S. markets. John Lothian News interviewed Weild for a podcast about...
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