In 1978, the Gold Exchange of Singapore (GES) was created by some Singaporean bullion dealers. Then in the early 1980s, the Monetary Authority of Singapore and financial community leaders sent teams around the world to examine different market structures. One was sent to Chiago to examine the Chicago Mercantile Exchange, Pillai said. The Singaporean team sent to Chicago liked the CME model and felt it would work well in Singapore. This led to the creation of the Singapore International Monetary Exchange or SIMEX.
The Small Exchange announced plans to launch its first options contract on Small Precious Metals Product (SPRE) index futures on January 25, 2022. I interviewed Small Exchange CEO Donnie Roberts about the new product, Small Exchange’s plans for future options contracts, and the impending deal for the exchange to be acquired by Crypto.com.
There is a new book out from Risk Books titled “Regtech, Suptech and Beyond.”
The book is a compendium of chapters addressing technology and innovation in regulatory and supervisory oversight in financial services. Different authors explore the emerging best practices in regulatory oversight and financial services that leverage technological solutions.
SEC Special Counsel Laura Harper Powell collaborated with the former President of ICE Trade Vault and current President and Founder of CoinReg Tech Bruce Tupper on a chapter in the book focusing on CFTC regtech implications for virtual currency trading.
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.
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.
The long-running pandemic has thrown much of the global economy off-kilter in the last two years, but some sectors have nonetheless thrived – ESG among them. Capital linked to FTSE Russell’s sustainable Investment indexes, for example, has grown to more than $167 billion, according to the company’s year-end insight from Arne Staal, the CEO of FTSE Russell.
The continued investor appetite for equity derivatives helped push global exchange-traded volume higher again in November, according to the FIA’s monthly report released on Monday. The group said 6.17 billion futures and options contracts were traded in the month of November, an increase of 11.5% from October and up 38.8% from November 2020.
Michael Chin is the CEO of Broadway Technology, which recently went through a rebrand and is now just Broadway. The path to Broadway 2.0, as Chin called it, was an unusual one. Chin was interviewed recently by John Lothian News about its journey from acquisition to independence.
Broadway Technology has been working on a renewal since it was spun out of ION Trading after the U.K.’s Competitive Markets Authority told ION it had to spin back out most of Broadway because of overlap in both firms’ fixed income offerings.
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.
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.
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.
JLN Deputy Managing Editor Suzanne Cosgrove gave her notice to John Lothian News and accepted a position with Purpose Brand, a woman-run, Chicago-based PR, brand, and digital marketing company that’s all about diversity and inclusion and seeks to expand its coverage of financial firms. She leaves JLN at the end of the year and starts her new position on January 3, 2022.
China’s new economy — and markets — appear to have found a new hedging tool.
In an interview with John Lothian News, Kevin Rideout, managing director, global client development at Hong Kong Exchanges and Clearing Limited (HKEx), talked about the launch and reception for MSCI China A 50 Connect Index Futures, launched on October 18.
First Read Hits & Takes John Lothian & JLN Staff Congratulations to uber journalist Jacob Bunge on being promoted to the role of Chicago deputy bureau chief for The Wall Street Journal. Bunge has been with the Journal since 2008, when he came over from...
ALEX PERRY’S OPTIONSTOPIA: Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Regulators Crack Down on Trading apps; Adam Dell Launches Domain Money; The CME Group Announces New Options Records
JOHN’S TAKE: John talks with Henry Schwartz, president of Trade Alert LLC, for “John’s Take”
TERM OF THE WEEK: What is The VIX Index Anyway? with Russell Rhoads
Lead Stories Stock Markets: Time to Bet Against VIX After Recent Rising Streak, History Says Akshay Chinchalkar and Joanna Ossinger - Bloomberg Seven straight jumps in the so-called "fear gauge" for the S&P 500 is a signal that it may be time to wager against...