THE WEEKEND UPDATE: NOVEMBER 9-13, 2020

JLN PRESS ROOM PICK OF THE WEEK

FIA EXPO: CME GROUP’S DUFFY IS SAILING SMOOTHLY IN UNCHARTED WATERS

In “the most uncertain times in the world,” CME Group CEO Terry Duffy does not appear to be fazed by the potential threat of a short selling ban or a financial transaction tax, nor by the volume drop in the CME’s interest rate complex this year.

FROM JOHN LOTHIAN NEWS

Andy Tan

THE SPREAD: EDU-TAINMENT

This week on The Spread, FIA’s virtual expo fills in for the physical event, Cboe and ICE launch new products, and more.
Andy Tan

ANDY TAN: OPEN OUTCRY TRADERS HISTORY PROJECT

Andy Tan is a former floor broker on SIMEX for Merrill Lynch. He was in the SIMEX trading pits with Merrill Lynch for almost 15 years.

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THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 11/9/2020

The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.

FIA EXPO-V: CBOE’S ED TILLY TALKS RETAIL INVESTORS, EUROPEAN DERIVATIVES PLANS

Although it was a period of heightened volatility, 2020 was a big year for retail investors, who jumped in as many institutional investors moved to the sidelines. Finally, over the last week and a half, those institutions are coming back in, said Ed Tilly, chairman,…

FIA 2020: OPERATIONS AND TECHNOLOGY: LESSONS LEARNED FROM THE PANDEMIC

Amid the COVID-19 pandemic, the financial industry has largely shifted to working from home this year. On day two of FIA Expo-V, executives from major institutions throughout the financial industry shared what they had learned from shifting to remote and…
Photo to go with Libor story

FIA EXPO 2020: LOTS OF IDEAS, BUT LITTLE AGREEMENT, AS LIBOR FACES DEADLINE

As the deadline for the end of the London Interbank Offered Rate (Libor) looms at the end of 2021, a host of legacy issues and alternative rate choices remain on the table, members of an FIA Expo panel on short-term interest rate rates agreed. But while the panelists…

FIA EXPO 2020: FIA’S LURTON: “SPOOFING IS SOMETHING YOU SHOULD PAY ATTENTION TO.” OYEZ! OYEZ!

Allison Lurton, Chief Legal Officer and General Counsel for FIA, was joined by two lawyers from the law firm Faegre Drinker, James Ludy and Nicholas Wendland, on Thursday morning at FIA Expo for the inevitable panel on spoofing. This one came with a refreshing twist -…

FIA EXPO 2020: DEFI DEMYSTIFIED

The world of blockchain and digital assets is one of tech enthusiasts. Consequently, understanding it requires significant technical knowledge, so it can be difficult to understand how a digital asset protocol works, let alone a broader technological movement like…

FIA EXPO: HOW SMALL CAN YOU GO?

Mini and micro futures contracts at various exchanges have been gaining a lot of traction lately, presumably because of the “Robinhood effect” of retail traders coming into the markets. Our own John Lothian led a panel at FIA Expo-V Thursday titled “How Small Can You…

FIA EXPO: GOOD FRAGMENTATION VS. BAD FRAGMENTATION

Deborah North, partner at the law firm Allen & Overy, moderated the Wednesday morning panel titled “Is Market Fragmentation the Future?” at FIA Expo 2020.

FIA EXPO: U.S. TREASURIES’ 2020 MARCH MADNESS

Wednesday morning Kevin McPartland, head of research at Greenwich Associates, and his U.S. Treasury Market: Key Takeaways From March 2020 panelists dug into what happened in the market during that remarkable month. The Managed Funds Association’s Ben Allensworth said…

2020 WAS A VERY GOOD YEAR – FOR ICE

Far from being felled by the COVID pandemic – or anything else that has happened in 2020 – the Intercontinental Exchange had its best year in history in revenue and earnings and made its largest acquisition deal ever – which is saying a lot – by buying Ellie Mae two months ago.

FIA EXPO 2020: OVERVIEW OF INNOVATOR PITCHES

Correction: TradeX does not hold customer data. The Innovator’s Pavillion is one of the most intriguing parts of FIA Expo – a small, curated collection of starry-eyed startups aspiring to make their mark. On the first day of FIA’s virtual Expo-V conference, each of…

FIA EXPO: ESG DERIVATIVES EVOLVE, BUT GROWING PAINS REMAIN

Industry buzz about exchange-traded environmental, social and corporate governance (ESG) products has grown, but getting traction on ESG derivatives can be challenging, a panel of industry specialists said. Speaking in a Eurex-sponsored FIA Expo-V session on the…

FIA EXPO: EUREX CEO MICHAEL PETERS WEIGHS IN ON ESG, EU EQUIVALENCE

Making his debut performance at an FIA conference Wednesday, Eurex CEO Michael Peters argued in favor of the drive toward environmental, social and corporate governance (ESG) products and weighed the pros and cons of the European Commission’s equivalence decision for…

FIA 2020: INNOVATION ON THE EDGES

Jim Kharouf, communications director of IncubEx Inc., began “Innovation on the Edges” on Day 2 of FIA-V by saying “Happy Birthday” to the exchanges of each panelist present on the call he was moderating. The Hong Kong Exchange (HKEX) is celebrating its twentieth year…

FIA EXPO-V: NASDAQ’S FRIEDMAN SEES INDUSTRY RESILIENCE THROUGH 2020’S CHALLENGES

Nasdaq CEO Adena Friedman said Tuesday that while the story of 2020 has been one of uncertainty, beginning in March with the pandemic and continuing with the U.S. presidential elections, she was proud of the way the exchange industry has risen to the challenge….

RESILIENCE, COMPLACENCE, RETICENCE: CLEARING DURING VOLATILITY

A Tuesday morning panel called “Clearing During Volatility” gathered Sarah Shore (Goldman Sachs), Lee Betsill (CME), Dale Michaels (OCC), Gert Ellerkmann (ABN AMRO Clearing Bank), and Jackie Mesa (FIA). The session focused on the February – March 2020 kind of…

FIA EXPO-V: SEC’S PEIRCE UPBEAT ON FUTURE OF BITCOIN ETFS, URGES CRYPTO SAFE HARBOR

SEC Commissioner Hester Peirce reiterated her often-expressed free market stance toward the cryptocurrency markets Tuesday, saying the industry has been developing at a dramatic pace and the regulatory pace has not kept up. As a consequence, the industry is fraught…

FIA EXPO: CME GROUP’S DUFFY IS SAILING SMOOTHLY IN UNCHARTED WATERS

In “the most uncertain times in the world,” CME Group CEO Terry Duffy does not appear to be fazed by the potential threat of a short selling ban or a financial transaction tax, nor by the volume drop in the CME’s interest rate complex this year.

FIA EXPO – MANAGING THE RISK OF CLIMATE CHANGE: THE ROLE OF MARKETS

Climate change and its attendant issues are often characterized by contentious debate. That was not the case at the FIA Expo seminar, Managing the Risk of Climate Change: The Role of Markets, moderated by Athena Eastwood (Partner, Willkie, Farr & Gallagher).

FIA EXPO: TARBERT MISSES OPPORTUNITIES IN KEYNOTE ADDRESS

In what is likely to be his last FIA Expo address as chairman of the CFTC, Dr. Heath Tarbert spoke for about half an hour on Tuesday morning at this year’s conference which, of course, is being Zoomed around the world.

THE SPREAD: PLENTY OF OPTIONS

This week on The Spread – record-high options trading volumes, new products from Intercontinental Exchange and HKEX, and more.

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