Investing & Trading
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.
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.
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.
Exberry CEO Guy Melamed Talks Up Cloud-based SaaS Market Solutions with JLN’s Julie Ros at FIA’s IDX
JLN Correspondent Julie Ros interviewed Exberry CEO Guy Melamed at FIA’s International Derivatives Week (IDX) in June and asked him about the solution Exberry developed on a cloud environment and about its relationship with Amazon Web Services (AWS).
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...
Exegy’s Laurent de Barry on Exegy’s tech solutions, how it helps firms address IT costs, and its crypto plans
Laurent de Barry, Director of Hardware Trading Solutions at Exegy, spoke with JLN Correspondent Julie Ros at IDX in London. She asked him how Exegy helps firms address IT cost constraints, and he mentioned how Exegy helps companies make sure that when they pay for a solution it will help them differentiate themselves from the marketplace. He talked about the acquisition of Vela in 2021 and how it enriched Exegy’s portfolio. Ros also asked him who Exegy’s primary customers are.
The Failed Promise of Unregulated Crypto; By Chris Edmonds, Chief Development Officer, ICE
Markets have short memories. Four years ago, ICE created a fully-regulated, physically-delivered crypto futures market, with institutional-grade custody provided by ICE’s then-subsidiary, Bakkt. The custodian was regulated by the New York State Department of Financial Services – a license which is, rightly, not easy to obtain – and all crypto transactions were protected by our highly regulated clearing house.
Why did we start here? The answer is simple. The history of markets shows that physically delivered commodities provide price signals and allowing such pricing to occur in a transparent manner with clear rules INCREASES consumer confidence.
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Investors blocked from betting on US congressional elections by regulator
First Read Hits & Takes John Lothian & JLN Staff Cheryl and I are safely home from Bermuda and The World Federation of Exchanges Annual Meeting. We also celebrated our 34th wedding anniversary, so as the saying goes, happy wife, happy life. Now, back to work....
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The Spread
Options Discovery Episode 20: Intro to Options and Earnings; Etoro Equity and Derivatives Investment Analyst, Callie Cox, Breaks Down Options and Earnings With Jln’s Alex Teng
In this episode of Options Discovery, Asma Awass introduces equity option price behavior around earnings announcements. Alex Teng dives deeper into this topic with Callie Cox, a seasoned investment analyst and content creator from the “social-based” brThinkorswimm eToro.
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...