clearinghouse

Clearinghouses Are Intended to Reduce Risk. They Can Amplify It; Bloomberg Face-Off Awaits London Stock Exchange Following Refinitiv Deal

by Matt Raebel | Feb 3, 2021

Clearinghouses Are Intended to Reduce Risk. They Can Amplify It; Bloomberg Face-Off Awaits London Stock Exchange Following Refinitiv Deal

Where now for the rules that rocked European finance?; LCH shift heads off UK-EU regulatory battle

by Spencer Doar | May 7, 2019

Get a FREE 90 day trial of John Lothian Newsletter First ReadA Great Day to Start Trading Micro E-Mini FuturesJohn J. LothianA Trump-influenced lower equity market and then a near rebound produced the perfect day for the CME Group to start...

Ushering In The OCC’s Renaissance – John Davidson, OCC

by Spencer Doar | Apr 8, 2019

The OCC’s ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC’s Project Renaissance aims to revamp the central counterparty’s data, risk management and clearing systems. The OCC chose Cinnober as a partner for the...

ECB scraps clearing powers request in EU tussle; Europe’s bourses say report refutes data profiteering claims

by Spencer Doar | Mar 21, 2019

Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe FIA is looking for a new VP of Global Industry Operations and Execution to oversee FIA's Operations and market Technology Divisions. Here is a link for...

The Spread – OTC Options: Prescription Needed? – 3/1

by Spencer Doar | Mar 1, 2019

If Christopher Walken were a derivatives exchange executive, he might be known for the quote, "I got a fever, and the only prescription... is more clearing!" This this week's episode features the following stories: -BusinessWire -> CAT NMS...

The Spread – Alternative History – 2/15

by Spencer Doar | Feb 15, 2019

It was a semi-slow week for options news, the big exception being the SEC's surprise rejection of the OCC's capital plan. In this episode, we wonder what could have happened in a different universe. The following are stories referenced in...

SEC rejects OCC’s capital plan; Beware pools of liquidity – they could be a mirage

by Spencer Doar | Feb 14, 2019

Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe inimitable Nils-Robert Persson stepped down as executive chairman of Cinnober yesterday after 20 years with the firm. In a post in LinkedIn, he said he...

Nasdaq to buy Cinnober; Nordic Power Whale Booted After $117 Million Loss

by Spencer Doar | Sep 14, 2018

Get a FREE 90 day trial of John Lothian Newsletter First Read What does your clearinghouse DEFCON scale look like today? By Jim Kharouf Talk about timing. Ten years after the collapse of the global financial market and a decade of...

What does your clearinghouse DEFCON scale look like today?

by Jim Kharouf | Sep 14, 2018

Talk about timing. Ten years after the collapse of the global financial market and a decade of rebuilding it, Nasdaq reports that Nasdaq Clearing had to cover for a clearing member default of €114 million on Nasdaq Nordic, a default...

Finding Opportunity: Peter Lenardos, CFO, Cinnober Says Growth and Profitability Are Coming

by Jim Kharouf | Jun 26, 2018

Cinnober has built its reputation in the industry as a pioneer and an opportunistic company that looks for new ways to address market needs. So in many ways it was not surprising the firm hired Peter Lenardos as its new CFO two weeks...

Brexit’s Influence on Global Markets

by Spencer Doar | Jun 20, 2018

MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is...

SEC Urges End to CAT standoff; Deutsche Boerse plans FX expansion; HKEX working with ASX on blockchain

by Spencer Doar | Mar 20, 2018

First Read Hits & Takes JLN Staff Our Page Of The Day yesterday was industry legend Robert J. O'Brien, who turned 100 years old yesterday. His contributions to the industry and interviews with Mr. O'Brien were documented in the RJO O'Brien Centennial Video about...

Clearinghouses Push Back Against Worries Over Their Size; Two Sigma rapidly rises to top of quant hedge fund world

by Jeff Bergstrom | Oct 24, 2017

First Read Hits & Takes By JLN Staff Bad news for Deutsche Boerse as the judge in the insider trading case against Carsten Kengeter declined to approve a settlement that was submitted by prosecutors. As reported by the FT, the case is crippling Deutsche Boerse at...

Cybersecurity is very, very tough: How a SIFMU’s cyber chief sees the threat

by Spencer Doar | Sep 25, 2017

The OCC’s new chief security officer talks about risks and prevention. It's alarming and getting ugly. The Equifax hack in March compromised the personal information of an estimated 40 percent of the United States population. The Bangladeshi central bank is down $81...