Transitions, disruptions and outright change are not new to the futures and options industry, but at this year’s FIA Expo, those themes seemed to loom especially large. One of the biggest changes the industry is facing is the transition from LIBOR to other...
On Friday, August 16, The American Financial Exchange (AFX), headed by Dr. Richard Sandor, will launch the first futures on the Ameribor, an index designed to be a replacement for Libor, which had become badly tarnished by a manipulation...
Jim Kharouf - John Lothian NewsThe American Financial Exchange (AFX) is set to list its first Ameribor futures products - 3-month and 7-day Ameribor futures - on August 16, 2019, the 42nd anniversary of the launch of Treasury bond futures....
In this episode of “The Spread,” we look at the history of the LIBOR, a financial innovation that grew to underpin trillions of dollars of derivatives contracts before becoming the centerpiece of one of the largest financial scandals of our time.
Started at the end of 2015 to address the interbank funding needs of small and midsize banks, the American Financial Exchange (AFX) just welcomed its 80th member, bringing its clients’ assets to more than $1 trillion. In this video...
First Read Immigrant Killed in Manhattan Crane Collapse Recalled as Decent and Humble By LIAM STACK - WSJ The life of David Wichs, the 38-year-old trading firm employee who was killed Friday morning when an enormous construction crane crashed onto a street in Lower...
(Scroll down to view the entire story or click here to view the story on Sway.)Richard Sandor has introduced markets to everything from interest rate futures to greenhouse gas derivatives over the past 40 years. Now he's shifted his attention to small and mid-sized...
For the past 40-plus years, Richard Sandor has created some of the most successful products in the modern era of financial markets, from interest rate futures to greenhouse gas derivatives. Now he shifted his attention to small- and mid-sized banks with a new exchange...
First Read $29,776/$300,000 (9.9%) ++++ ++++ Hits & Takes John Lothian & JLN Staff Here is the LINK for the DTCC press release about the proposal to shorten the U.S. settlement cycle to T+1 within two years. Former CFTC Chairman J Christopher Giancarlo has an...
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