ICAP, the largest inter-dealer broker and operator of two swap execution facilities (SEFs), confirmed yesterday that it is pulling out of the Wholesale Markets Brokers Association, Americas, an industry advocacy it helped form six years ago."ICAP and the four founding...
Chris Ferreri
John Lothian Newsletter: Precious Metals Trading Is Probed by EU After U.S. Investigation; Credit derivatives clearing catches on; VIX Didn’t Update for 30 Minutes on Erratic Options Quotes
First Read Bits & Pieces By John J. Lothian Just as this newsletter was about to go to press, I learned a longtime friend has died. Jim Hayes passed away last night surrounded by his family. I met Jim in the early 1980s. He was a neighbor and good friend of Thomas...
SEFCON Snapshot 2014, Part II: Cross-Border Issues
The WMBA Americas hosted SEFCON V on November 12, 2014, and John Lothian News was there. We interviewed 14 SEF operators, regulators and participants and put together this three part series on the state of SEFs one year into the mandate. Part II looks at the...
Open for Business: SEF Competition Heating Up in the New Market Structure
Swap execution facilities (SEFs) were given life by the Dodd-Frank Act, which requires over-the counter (OTC) swaps to be cleared and traded on this new type of regulated platform. The CFTC published its final SEF rules in mid-2013 and trading commenced on 18...
Open for Business: SEFs Navigate the New Regulatory Environment
Swap execution facilities (SEFs) were given life by the Dodd-Frank Act, which requires over-the counter (OTC) swaps to be cleared and traded on this new type of regulated platform. The CFTC published its final SEF rules in mid-2013 and trading has commenced on 18...
SEFCON IV Snapshot
The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted its annual SEFCON conference in...
Chris Ferreri of ICAP on SEFs, IDBs and the Futurization of Swaps
Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company's hybrid brokered OTC solution. He was the first chairman of the Wholesale Markets Brokers' Association Americas Inc. (WMBA Americas), and served again as chairman in...
2012 SEFCON III Highlights
During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC...
An Intro to IDBs and SEF Regulation from ICAP’s Chris Ferreri
During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company's hybrid brokered OTC solution. He was the...
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Reddit traders wage battle against Wall Street
First Read $27,651/$300,000 (9.2%) Elizabeth Cook and Robin Trott ++++ SEC Commissioner Peirce Rolls Out Welcome Mat For New Chairman Thom Thompson - John Lothian News "Even though there are unknowns, there are potential benefits," is what SEC Commissioner Hester...
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‘Weaponised’ options trading turbocharges GameStop’s dizzying rally; Reddit-Fueled Traders Trigger Volatility Halts Across Market
‘Weaponised’ options trading turbocharges GameStop’s dizzying rally; Reddit-Fueled Traders Trigger Volatility Halts Across Market
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