Financials

Podcast: Exploring Term CORRA – An Interview with Michelle Tran, President of TMX Datalinx

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

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.

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.

Eris Innovations and CME Group Talk Eris SOFR Products Success

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.

Option Volatility Indicator Developer Guy Cohen Talks to JLN about the OVI, His Career and Building a Hedge Fund

Option Volatility Indicator Developer Guy Cohen Talks to JLN about the OVI, His Career and Building a Hedge Fund

Guy Cohen was interviewed by John Lothian of John Lothian News about how he found his way to the markets, about his best selling options books, which are on every trader’s shelves, and on the Options Volatility Indicator, a patented tool to help traders make sense of position-building options activity.

His options software won a tender competition from Euronext-Liffe for a white label version, which was a big move for the company. Even bigger was when NYSE bought out Euronext, making NYSE Euronext his software company’s client. Cohen’s software and options work is used by many well-known traders. He spoke with us about how traders use it and why some information is better than other information.

Tom Hutchinson – Open Outcry Traders History Project – Part One

Tom Hutchinson – Open Outcry Traders History Project – Part One

Tom Hutchinson is the founder of Belvedere Trading. He is a former floor trader who sat for an interview with John Lothian News for the Open Outcry Traders History Project.

Hutchinson wanted to be a professional athlete, but as he got older he decided he wanted to become an engineer. He liked that there was a right or wrong answer in engineering.

Investment in VettaFi Sets Up TMX to Grow Information Business in Canada and Globally

Investment in VettaFi Sets Up TMX to Grow Information Business in Canada and Globally

TMX Group recently invested in VettaFi, what it described as “a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company” and TMX Chief Operating Officer Jay Rajarathinam spoke with JLN about the investment and other happenings going on at the exchange group.

Rajarathinam said TMX was seeking to expand into more information businesses and cited the acquisition of Wall Street Horizon as an example. Wall Street Horizon is a provider of global market-moving action and global corporate event data.

William Knottenbelt – The History of Financial Futures – Part One

William Knottenbelt – The History of Financial Futures – Part One

William Knottenbelt said he likes to call himself a third generation commodity trader. Both his father and grandfather were commodities traders and had their own firms in Indonesia. Despite that background, Knottenbelt said he thought he wanted to be an accountant.

That thought did not last long after he secured a job at a commodity firm and realized he wanted to be on the trading side. Czarnikow offered him a job in London, but Knottenbelt wanted to work in France, so he was sent to its French subsidiary.

FIA 50 Years of Financial Futures Celebration

FIA 50 Years of Financial Futures Celebration

2022 is the 50th anniversary of financial futures and the birth of the modern exchange traded derivatives markets. In this video, John Lothian News discusses the birth of the financial futures industry in 1972 and how it has evolved into a market that traded $53.9 billion contracts this year.

Trading of futures and options on track to a record year – FIA

Trading of futures and options on track to a record year – FIA

Trading of futures and options is on track to a record year, with higher levels of trading activity in many sectors, notably interest rate and equity index contracts, according to the FIA’s Will Acworth, who went over the volume numbers for the first nine months of 2022 in a FIA webinar titled, “Q3 2022 Trends in Futures and Options Trading” Wednesday. 

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

OCC liquidity risk doubles to all-time high in Q2

Lead Stories OCC liquidity risk doubles to all-time high in Q2; Concentration of activity around June expiration responsible for record rise Joshua Walker - Risk.net The estimated largest payment obligation Options Clearing Corporation (OCC) could have faced had a...

Pin It on Pinterest