regulatory reform

John Lothian Newsletter: Bats Chi-X Europe to unveil price rises; Australian reforms to limit flash crash risk; Ex-SAC Manager Martoma Charged in Record Insider Scheme

by JLN Staff | Nov 21, 2012

Bats Chi-X Europe moves to substantially change its fee and cost structure for market participants. Australian regulators move to restrict and rein in high frequency traders and dark pool providers. An arrest is made regarding insider trading charges at SAC Capital...

FX Swaps and Forwards: A Special Case?

by JLN Staff | Nov 20, 2012

After the financial world (and much of the press that covers it) had “powered down” for the weekend, the U.S. Department of the Treasury issued its long-awaited “final determination” on FX swaps and forwards last Friday. In the final ruling, Treasury essentially...

John Lothian Newsletter: Japan Exchange Clears Last Hurdle as Shareholders OK Deal; Aquis Exchange appoints first directors; LCH in Singapore FX clearing talks

by JLN Staff | Nov 20, 2012

Tokyo Stock Exchange and Osaka Securities Exchange round the corner toward the merger finish line, as shareholders signal approval for the deal. Aquis Exchange, a new venue in Europe slated to open for business around the middle of next year, has hired its first...

John Lothian Newsletter: Nasdaq Opens Danish Bond Exchange in Loan Drought; CFTC to Appeal Ruling Rejecting Dodd-Frank Trading Limits; ICAP closes a US trading division

by JLN Staff | Nov 16, 2012

Nasdaq rolls back the tarp on a new trading platform in the hopes of matching investors to Scandinavian bonds. The CFTC votes to appeal the recent court decision rejecting its position limit proposal. Broker ICAP decides to shut down NYSE floor trading operations as...

John Lothian Newsletter: Brokers Scramble as Exchanges Dominate Derivatives; Financial Watchdogs Move to Rein In Money Funds; CME gets more time in U.S. compliance spat with regulator

by JLN Staff | Nov 14, 2012

Swaps brokers find themselves in a fight for career survival as the regulatory landscape shifts in favor of futures trading. In the U.S., regulators begin to busy themselves with the topic of new controls for the money market, with some urging the SEC to proceed at...

John Lothian Newsletter: CME Group sues to freeze CFTC swap reporting rules; Trade bodies warn on clearing capital burden; Pressure Rises on Fiscal Crisis

by JLN Staff | Nov 9, 2012

CME Group goes to court, asking for help in preventing the CFTC from enforcing its new swap reporting regulations. Two broker trade groups in Europe are warning that new capital requirement rules may wreck the clearing industry in that region. Pressure mounts on the...

John Lothian Newsletter: Foreign regulators warn on derivatives reform; Exchanges, Trading Firms Face Continuation of Dodd-Frank With Obama Win; The runners and riders to replace Geithner

by JLN Staff | Nov 8, 2012

Regulators outside the US met face to face with CFTC commissioners in an attempt to explain the consequences of the CFTC attempting to dictate regulatory policy to other countries. In the US election’s aftermath, exchanges and other financial companies see fading...

John Lothian Newsletter: LSE gets French OK on LCH deal; CFTC handling of swaps rules a `train wreck,’ commissioner says; ICAP rebrands Plus exchange business

by JLN Staff | Nov 1, 2012

The London Stock Exchange receives a thumbs-up from French regulators on its plan to take control of clearinghouse LCH.Clearnet. CFTC commissioner Scott O’Malia reports being less than impressed with the way the agency set forth and then reeled back rules to govern...

John Lothian Newsletter: Quote MTF targets Spain; New U.S. Rules Hinder Derivatives Trading in Asia; CBOT reportedly rethinking 21-hour grain trading cycle

by JLN Staff | Oct 19, 2012

Hungarian exchange company Quote MTF plans to pair up with a UK bank and open a trading facility in Spain, placing fresh pressure on the marketplace in that country. Banks in Asia appear to be stepping back from derivatives deals with US entities, fearing entanglement...

Digging for Roots

by JLN Staff | Jun 19, 2012

Many countries around the world continue to wrestle with wobbling economies. The US has its "fiscal cliff" event this year. Europe struggles mightily to hold the eurozone together, even as it questions the value of the currency that it created. Asia shows signs of...