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Market related video from the web and original content from our video website, MarketsWiki.tv.

FIA Boca Preview: Walt Lukken on the State of the Futures Industry

BY John Lothian Newsletter » March 7, 2013 AT 11:51 am

In advance of the FIA Boca 2013 conference next week, John Lothian News traveled to Washington D.C. this week to interview Walt Lukken, president and CEO of the Futures Industry Association to get his comments on the state of the futures industry today and what is in store for the rest of the year.

This two-part interview focuses on the key issues facing exchanges and brokers, as well as a rundown on the Dodd-Frank regulatory process. Watch both parts at MarketsWiki.tv.

Watch Part 1 of the interview:

Walk Lukken FIA Boca JLN

FIA Boca Preview: Walt Lukken on the 2013 Outlook for the Futures Industry (Part 1)

Watch Part 2 of the interview:

Walk Lukken FIA Boca JLN

FIA Boca Preview: Walt Lukken on the Impact of Regulation on the Futures Industry (Part 2)

CFTC Proposal Poses “Monumental” Challenge to FCMs

BY John Lothian » February 13, 2013 AT 2:51 pm

 

A rule proposed by the Commodity Futures Trading Commission (CFTC) designed to strengthen safeguards for customer deposits at futures commission merchants (FCMs) is threatening to overhaul the futures brokerage system.

The proposed “residual interest” provision introduced last fall, and discussed in a CFTC roundtable on February 5, would require substantial increases in margin buffers by FCMs.

The meeting led by Robert Wasserman, chief counsel of the CFTC’s Division of Clearing and Risk, included panelists Mike Dawley of Goldman Sachs and FIA chairman and Kim Taylor,  CME Clearing president who argued that the increased margin requirements under the proposal are substantial. Dawley said the rule, if passed in its current form, would be “one of the most monumental events”  in his 30 years in the industry.

John Lothian News has put together a special report on this critical issue. The deadline for comments on this proposed rule is February 15.

Comment letters can be submitted HERE

Rick Lane of Trading Technologies Talks Mobile Trading and Legacy Systems (Part 1/2)

BY John Lothian Newsletter » November 30, 2012 AT 3:59 pm

MarketsWiki.tv

Rick Lane, chief technology officer of Trading Technologies is overseeing a major overhaul of how Trading Technologies develops its solutions. In part 1 of this two-part conversation with JLN editor-in-chief Jim Kharouf, he talks about mobile trading trends, the legacy challenges for the futures industry and rebuilding Trading Technologies’ entire architecture — and how this will all come together. In Lane’s view, rethinking the way technology is built and delivered means finding a balance of buying existing software and combining it with new solutions, a departure from the firm that traditionally built everything in-house.

In part 2 of our interview (coming soon), Lane will talk about how Trading Technologies is addressing regulation and its technology, the move of OTC into futures markets, Trading Technologies Algo Design Lab’s growth and what’s next in the futures markets.

How Clearing Houses Can Help Protect Customer Funds

BY John Lothian Newsletter » November 27, 2012 AT 4:04 pm

Customer Segregation: A Clear View - Byron Baldwin

Customer Segregation: A Clear View
MarketsWiki.tv

Moving excess customer funds to a clearing house is one way to reduce the amount of capital at risk. Byron Baldwin, SVP, Buyside Relations at Eurex, says his exchange developed segregated account services that can be as wide or granular as needed.

Watch the video »

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About the Restoring Customer Confidence video series

In the aftermath of the MF Global collapse, fraud at Peregrine Financial Group and high profile high-frequency trading shocks, John Lothian News asks – how do you restore customer confidence and bring traders back?

The Restoring Customer Confidence video series answers that question by exploring potential solutions using expert interviews and simple animations.

John Lothian News interviewed more than a dozen professionals in the industry to get their ideas and solutions. As these ideas become practice, or as new concepts are adopted by the industry, we will continue to add them to the site.

Visit the video series page on MarketsWiki.tv over the next several weeks for new ideas and solutions.

How new Dodd-Frank rules on gross margining can help protect customer money

BY John Lothian Newsletter » November 19, 2012 AT 11:27 am

Regulatory Changes: A Pretty Picture For Gross Margining

Regulatory Changes: A Pretty Picture For Gross Margining

MarketsWiki.tv

The Dodd-Frank Act has addressed numerous risks in the financial markets. Ron Filler, a Professor at New York Law School, says one provision, called gross margining, could alleviate segregated customer account risk, starting in January 2013.

Watch the video »

About the Restoring Customer Confidence video series

In the aftermath of the MF Global collapse, fraud at Peregrine Financial Group and high profile high-frequency trading shocks, John Lothian News asks – how do you restore customer confidence and bring traders back?

The Restoring Customer Confidence video series answers that question by exploring potential solutions using expert interviews and simple animations.

John Lothian News interviewed more than a dozen professionals in the industry to get their ideas and solutions. As these ideas become practice, or as new concepts are adopted by the industry, we will continue to add them to the site. Visit the video series page on MarketsWiki.tv over the next several weeks for new ideas and solutions.

TradingScreen CEO Philippe Buhannic on Dodd-Frank and the Futurization of Swaps

BY John Lothian Newsletter » November 13, 2012 AT 11:17 am

MarketsWiki.tv

Philippe Buhannic, Co-Founder, Chairman and CEO of TradingScreen has had his feet firmly planted at the executive level in the financial industry for many years now, including in positions as a managing director at Credit Suisse First Boston (CSFB) and as chairman and CEO of Fimat Futures USA Inc. He recently talked with JLN Managing Editor Christine Nielsen about the current environment and outlook for the industry, including an anticipation for the futurization of swaps, a topic which has garnered a good deal of attention recently as Dodd-Frank regulation starts to take hold and new ways of doing business must be built.

Justin Bouchard of AlgoFast on the Potential for Event Driven Trading

BY John Lothian Newsletter » October 29, 2012 AT 3:33 pm

MarketsWiki.tv

In today’s markets, new technology is getting more granular. Justin Bouchard, CEO of AlgoFast, has built his firm on event trading with new technology that allows traders to take positions on events such as Federal Reserve and central bank statements, employment reports, earnings and GDP numbers. He spoke with John Lothian News editor-in-chief Jim Kharouf about event trading, how AlgoFast works and why algorithms are not a bad thing.

Byron Baldwin of Eurex Discusses OTC Clearing, Portfolio Margining & Individual Segregation

BY John Lothian Newsletter » October 19, 2012 AT 9:08 am

MarketsWiki.tv

Byron Baldwin is senior vice president of buyside relations for Eurex. He moved to New York from Eurex’s London office to in February 2011 in order to promote the firm’s listed products, connectivity for high frequency trading firms, and to promote Eurex’s move into OTC clearing. Baldwin spoke with John Lothian News Editor-at-Large Doug Ashburn about regulatory changes across jurisdictions, mandatory clearing of OTC derivatives, margin and collateral efficiency and Eurex’s individual segregation model.

Gary DeWaal of Newedge on 30 Years of Futures, Retirement and What’s Next

BY John Lothian Newsletter » October 17, 2012 AT 10:29 am

MarketsWiki.tv

Gary DeWaal, group general counsel at Newedge, has been a stalwart of the futures industry for 30 years. He recently announced his “retirement” from Newedge, effective at yearend. DeWaal spoke with JLN Editor-in-Chief Jim Kharouf about how the futures industry has evolved and changed over the past three decades, where it goes from here, and why the word retirement should not really be used in the same sentence as Gary DeWaal.

SURFACExchange CEO Evgeni Mitkov Discusses the Potential for FX Options

BY John Lothian Newsletter » October 16, 2012 AT 4:14 pm

MarketsWiki.tv

Evgeni Mitkov, CEO of SURFACExchange, launched the FX options ECN in August 2011. Just over a year later, they’ve attracted almost 50 firms by offering the ECN to currency options traders through a no-install browser-based platform. Mitkov spoke with JLN Editor-in-Chief Jim Kharouf during the Profit & Loss Forex Network Chicago, about how the FX market is holding up, how the participation base is shifting away from banks, and where the FX options space is moving.

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