Rama Pillai enjoyed being a student and earned three separate degrees before deciding to come to Singapore to accept a position with SIMEX in 1991. Studying the floor-to-screen migration of other exchanges and spearheading a proactive migration plan for SGX showed that Pillai was a good student.
The seven-year-old SIMEX made Pillai employee number 118 when he joined a three-person sales team that also handled marketing and business development. Reflecting on this experience, he remarked, “It was just the three of us covering the world.”
In episode 7 of Futures Discovery, we’re delving into the fundamental aspect of futures trading—the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of futures trading, how contracts are settled is a game-changer, influencing strategies and risks alike. Join me as we explore the two primary methods that define this landscape: Physical Delivery and Cash Settlement.
Andy Tan was interviewed by Robert Lothian of John Lothian News at the SGX Center in Singapore for the Open Outcry Traders History Project during FIA Asia Week 2023. Tan shared that he had been fascinated by finance from a young age. However, it was a visit to Singapore’s central business district, known as Raffles Place, that truly captured his attention.
Leonard Kok came from a humble background, with working parents, and thought he might be a policeman when he grew up. However, when he went into the Army for his national service, he read that the highest paid people were not doctors or lawyers, but traders.
n an Open Outcry Traders History Project interview conducted in Singapore during the FIA ASIA week, Marcus Goi, managing director and CEO of Orient Futures International, shared his career journey and insights into the evolution of electronic trading. The interview took place at SGX’s offices, with Robert Lothian from John Lothian News conducting the interview.
In episode 6 of Futures Discovery, we’re diving head first into a crucial topic that affects every trader’s journey in the world of futures trading – “Regulation & Do You Need to be Registered.” Buckle up as we unravel the intricate web of rules and regulations that shape the landscape of the futures market.
John Lothian News recently interviewed the recently retired Piper Sandler Managing Director Rich Repetto for the John Lothian Profiles video series. The interview coincided with Repetto’s recognition by the charity Tuesday’s Children. Repetto shared insights from his career journey in the financial industry, which started rather late. Repetto began work on a Wharton MBA at age 36 after graduating from West Point and serving in the U.S. Army as a helicopter pilot for five years. At Wharton he took every finance class he could to catch up, he said.
In a video interview with John Lothian News, FIA Tech CEO Nick Solinger discussed the recently announced partnership with eClerx to enhance its Trade Data Network (TDN) and the launch of a collaborative help desk.
Solinger described TDN as an industry initiative designed to consolidate diverse data sources in the exchange-traded derivatives market. This market’s diversity, with firms trading across global exchanges using different systems, often led to operational disruptions during high-volume days or unexpected events such as conflicts or shifts to remote work due to COVID-19.
Dan Coleman left KCG after it was acquired by Virtu Financial and moved back to Birmingham, Alabama to contemplate his future. He reached out to a local college, Birmingham-Southern, whose board he once served on. Little did he know he would soon end up as its president.
While waiting for the Virtu deal to close, Coleman called the college and asked what was going on there. This led to a conversation during which he was hired as a college professor teaching investments. He dove into the text book for the class and found it was the same one he had studied in 1993 when he was an undergraduate. Coleman sensed that some of his knowledge was out of date and decided to take a class in computer programming using Python, as well as one in mathematics. In the spring he took more Python and actuarial math, a subject he wishes he had studied earlier, he said.
Daniel Coleman’s path to success in the financial markets is a tale of a chance encounter that led him to a career he never anticipated. Born in Alabama, Coleman embarked on a journey that took him from the Ivy League halls of academia to the high-stakes world of trading in Philadelphia, Chicago and New York and back home in academia’s highest level.
Jim Plante, the CEO of IMX, in a recent interview with John Lothian News, discussed the next steps for the healthcare-focused futures exchange after receiving approval from the CFTC. IMX’s target launch is in the second quarter of 2024, and Plante said the next challenge is the ongoing process of onboarding futures commission merchants to the exchange. IMX is also working on finalizing its initial product offerings, which will undergo regulatory approval. IMX plans to make significant announcements regarding index licensing partnerships related to healthcare futures contracts. Plante emphasized that the healthcare industry, which constitutes nearly 20% of the economy, involves natural market players on both sides, including healthcare service providers, pharmaceutical companies, and health insurance providers, necessary components for a healthy futures market.
In a part two of her interview with John Lothian News for the John Lothian Profiles series, Amanda Cain discussed her founding of Male Allies for Women within the Americas Women’s Network. This initiative seeks to address gender diversity issues in corporate environments, particularly focusing on promoting women to director-level roles and above.
First Read Hits & Takes John Lothian & JLN Staff Welcome to March. One of the market issues of the moment is bitcoin halving, an event that occurs approximately every four years whereby Bitcoin miners are rewarded half the amount they were previously rewarded for...
Observations & Insight Futures Discovery: Physical Delivery VS Cash Settlement JohnLothianNews.com Today, we're delving into the fundamental aspect of futures trading-the Settlement Showdown: Physical Delivery versus Cash Settlement. In the dynamic world of...