Exchanges/OTC & Clearing

Part Two of  Scott Early – The History of Financial Futures

Part Two of Scott Early – The History of Financial Futures

Part two of the JLN interview with former CBOT General Counsel Scott Early in The History of Financial Futures series starts with him explaining why the Chicago Board of Trade’s market share went down each year he worked at the exchange. It  was because new exchanges all over the world were copying the success of the CBOT and CME and that was growing the overall derivatives markets numbers. 

Former CBOT General Counsel Scott Early – The History of Financial Futures – MarketsWiki Education

Former CBOT General Counsel Scott Early – The History of Financial Futures – MarketsWiki Education

Scott Early first became involved with the Chicago Board of Trade as a litigator with the law firm of Kirkland & Ellis when the exchange had a case go before the U.S. Supreme Court in the 1970s. Then the Hunt Brothers silver corner hit and there were a lot more lawsuits for the CBOT to deal with, and Early grew closer to the CBOT as he helped the exchange deal with them.

Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

Telstra’s Adam Day Expounds on November Equinix Deal; Opportunities for Trading, Fintech, Crypto, Gaming Into Asia

In early November Telstra partnered with Equinix to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges. JLN interviewed Telstra’s Adam Day after the FIA EXPO about this deal and what it means for Telstra’s customers and potential clients.

The Telstra Octagon solution uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. And now, with Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations improved network connectivity, access to the Equinix data center and colocation and Equinix Fabric interconnection services adjacent to the exchanges.

FIA Asia-V: Call for Greater Operational Efficiency Unanimous, But ‘We Need a Few Heroes’

FIA Asia-V: Call for Greater Operational Efficiency Unanimous, But ‘We Need a Few Heroes’

The COVID-19 pandemic and the period of intense volatility that followed its initial onslaught highlighted gaps in the infrastructure that supports global exchange-cleared derivatives systems. But those glitches have been at play for a while and need to be addressed, panelists at FIA’s Asia-V said.

In a panel on operational efficiencies during day two of the conference, Don Byron, FIA’s head of global industry operations and execution, pointed to the group’s November 2021 “Blueprint” plan to modernize trading processes.

FIA ASIA-V: Major Exchange Leaders Highlight Growth, Vibrancy in Asia

FIA ASIA-V: Major Exchange Leaders Highlight Growth, Vibrancy in Asia

The leaders of three of the major Asian exchanges spoke separately in keynote addresses on the first day of FIA Asia Expo-V. They talked about the rapid change in the financial industry over the past few years, the opportunities for growth in the region, and what’s on the table for their exchanges in the near future. What follows is a summary of their individual remarks.

FIA Asia-V: Facing Challenges of Pandemic, Opportunities in Retail, ESG and Crypto

FIA Asia-V: Facing Challenges of Pandemic, Opportunities in Retail, ESG and Crypto

Much like its Western counterpart, the Asian derivatives industry spent the last year navigating an ever-changing environment dominated by the pandemic and the emergence of new market trends in retail investment, cryptocurrencies and ESG.

In a discussion on the outlook for Asia-Pacific exchanges on Day One of the FIA’s Asia-V conference, panel participants reported no slowdowns in opportunities despite a host of challenges faced by exchange-traded markets in 2021.

Fireside Chat Launches FIA Asia with Regulatory Discussion

Fireside Chat Launches FIA Asia with Regulatory Discussion

Regulatory issues were the first order of business at the first panel of FIA Asia Tuesday Morning (Monday night for those of us in Chicago) as Walt Lukken held a virtual fireside chat with Sharon Shi, chair of FIA Asia’s regional advisory board and managing director at G.H. Financials, and Bill Herder, FIA’s head of Asia-Pacific.

FIA Expo 2021 Video: IncubEx Primed as Interest In Cap-and-Trade Markets Surges

FIA Expo 2021 Video: IncubEx Primed as Interest In Cap-and-Trade Markets Surges

Timing is everything in the derivatives industry. In the case of IncubEx, which develops financial products in environmental, climate risk and related commodity markets, the company appears to be right on time.

In an interview with John Lothian News at FIA Expo, Dan Scarbrough, the founder, president and COO of IncubEx, described his start in the industry with the Chicago Climate Exchange more than 15 years ago. The Intercontinental Exchange bought the Chicago Climate Exchange and its parent company, the Climate Exchange, in 2010.

FIA Expo 2021 Video: ‘Everyone is Threatened’ by Disintermediation

FIA Expo 2021 Video: ‘Everyone is Threatened’ by Disintermediation

Robert Fitzsimmons, executive vice president at Wedbush Securities, spoke with John Lothian News at FIA Expo 2021 about his observations, insights and opinions on everything from the conference itself to the state of cryptocurrency today. As executive vice president, Fitzsimmons manages futures, fixed income groups, and securities lending.

Among the talking points from the conference, one topic of concern was the notion of disintermediation, which essentially cuts out the middle men — removing banks, brokers, or other third parties — allowing individuals to invest directly. 

FIA Expo 2021: FTX’s Brett Harrison Looks to Hit a Home Run

FIA Expo 2021: FTX’s Brett Harrison Looks to Hit a Home Run

The story of FTX is, so far, a short but impressive one. As Brett Harrison tells it, the spot cryptocurrency exchange started only about a year ago. Now FTX does about $400 million in spot volume per day “and growing.” That’s after increasing the company’s user base by 50% in the last quarter.

But in an interview with John Lothian News at FIA Expo 2021, Harrison, the president of FTX, focused on the company’s larger ambitions. He noted that FTX recently acquired CFTC-regulated LedgerX, a clearinghouse and derivatives clearing organization (DCO), that it rebranded as FTX US Derivatives.The platform opens the door for FTX to offer crypto derivatives — futures and options — to its U.S. customers, he said.

FIA Expo 2021: Exegy Merger Seen as Solid Marriage of Products, Businesses

FIA Expo 2021: Exegy Merger Seen as Solid Marriage of Products, Businesses

Why bring Exegy Inc. and Vela Trading Systems together? The firms combined forces last May and two of their executives talked to JLN about the reason behind their merger at the FIA Expo 2021 in November.

David Taylor, Exegy’s chief technology officer and co-president, said the combination allows the companies to have more scale in the marketplace and gives them more opportunities to invest in the expansion of the company’s offerings. “Growing organically and inorganically was always part of our agenda,” he said.

FIA Expo 2021 Video: Tom Lazenga of TNS Talks Tech

FIA Expo 2021 Video: Tom Lazenga of TNS Talks Tech

Tom Lazenga is global head of sales at TNS, or Transaction Network Services, a fintech firm that provides global real-time data communication networks to industry participants. John Lothian News interviewed him at FIA Expo about the firm’s technology offerings and its plans for the future. 

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