The Spread: Opportunity Knocks

Matt Raebel

Matt Raebel

Editor

This week on The Spread, MarketsWiki Education World of Opportunity goes virtual, the CFTC gets closer to finalizing new derivatives trading rules, and more.

Produced by Mike Forrester.

Transcript:

Hello and welcome back to The Spread. I’m Matt Raebel. Due to the coronavirus pandemic virtually no events are happening this year, so we decided to host our annual education event virtually! This week, JLN hosted a modified version of our “MarketsWiki Education World of Opportunity” event online. Despite the pandemic, it was another successful MarketsWiki World of Opportunity – or, as its acronym spells out, “WOO.” If you missed out on seeing WOO live, don’t worry – we’ll have video of WOO coming out soon so you can woo your friends and colleagues into checking it out next year, and until then, you can read our coverage of the event written by Thom Thompson, Suzanne Cosgrove, and me on John Lothian News dot com. You can also read another edition of “Unsung Heroes” featuring Nasdaq’s Brenda Hoffman by Sarah Rudolph, two new podcasts, and more. This week news broke that the CFTC is close to finalizing a number of new rules for the derivatives industry originally proposed under Dodd-Frank, including rules about how cross-border derivatives transactions have to be executed, position limits, and a couple of other rules that have been stalled like an old Pontiac on a railroad track since the 2010s. Heath Tarbert, who was appointed chair of the CFTC last year, seems determined to roll up his sleeves and restart the engine to get these rules finalized, passed, and put in practice. This next bit won’t be that much of a shocker if you’ve been paying attention to all the news on derivatives volume lately, but according to a report published by the FIA on Monday, futures and options trading volumes increased by 32 percent in the first half of 2020. The report said that 21.9 billion futures and options contracts were traded during that time. Fun fact – according to the report, exchanges in the Asia-Pacific region showed the biggest increase in trading volume, followed by North America. Speaking of, two of the biggest exchanges from each of those regions – SGX and Nasdaq – announced that they’d struck a deal this week. Despite the tension throughout the Asia-Pacific region from the ongoing trade war between the U.S. and China, the two exchanges announced a revised framework they hope will streamline things a bit when it comes to trading between the two regions. I also want to mention the passing of Philippe Buhannic, founder and CEO of TradingScreen. Philippe was a pioneer of electronic trading even before the word “fintech” became a thing, and he was a friend to many in the industry. Our condolences to his family. That’s it for The Spread this week. Stay safe out there, and happy trading.

Sources:

Jen Just Tells Financial Industry Interns: “There Must Be A Better Way”
Thom Thompson – JLN
https://bit.ly/2P3MZpj

World of Opportunity 2020: Greenwood Project Takes Different Tack To Closing Diversity Gap
Suzanne Cosgrove – JLN
https://bit.ly/2OUfTYw

World of Opportunity 2020: Climate Change Expected To Be Part Of Future Jobs Landscape
Suzanne Cosgrove – JLN
https://bit.ly/39nXCwd

Andre Buckles On Hiring During A Pandemic
Matt Rabel – JLN
https://bit.ly/3hsdTmP

Novelist Eileen Flaherty Tells All In Lothian Interview
Thom Thompson – JLN
https://bit.ly/2ZSr22o

Unsung Heroes: Nasdaq’s Brenda Hoffman
Sarah Rudolph – JLN
https://bit.ly/3hCkJpF

CFTC Chairman Pushes to Finalize Dodd-Frank Rules
Dylan Tokar – WSJ
https://on.wsj.com/39jMyAa

FIA releases first half 2020 data on futures and options volume trends
FIA.org
https://bit.ly/2OTcmKh

SGX and Nasdaq seal pact to streamline secondary offerings
Hudson Lockett and Stefania Palma – FT
https://on.ft.com/30EYxER

Tribute to Philippe Buhannic
Louis-Armand de Rougé via LinkedIn
https://bit.ly/3eQUYjS

Philippe Buhannic
MarketsWiki
https://bit.ly/2WRbCtB

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