As if interest rate manipulation weren’t enough, now regulators are investigating claims that foreign-exchange traders at major banks manipulated currency rates via collusion in last-minute market trading. Singapore Exchange wants to add volatility circuit breakers to its trading systems to add safeguards against excessive price swings. OTC Global Holdings’ trading platform subsidiary EOX Exchange files with the CFTC for approval to trade futures contracts. In today’s First Read, take a look at the latest MarketsWiki.tv video interview; Justin Llewellyn-Jones, chief operating officer of Fidessa, talks about how Fidessa is adapting to the new global marketplace and the demand for multi-asset class platforms and networks.
Fidessa
Everything tagged with: FidessaJune 12, 2013: Traders Said to Rig Currency Rates to Profit Off Clients; Singapore seeks to roll out market circuit breakers; EOX Exchange files with CFTC for contract market designation
November 29, 2012: FSA backs LME’s £1.4bn sale to HKEx; LCH.Clearnet set for Asian expansion; Dodd-Frank Swap-Clearing Rule Gets CFTC Final Approval
Hong Kong Exchange gets approval from Britain’s financial regulator to proceed with its acquisition of the London Metal Exchange. Clearing house LCH.Clearnet looks to Asia as a way to diversify beyond Europe in the hunt for new business. The CFTC gives a final approval to a Dodd-Frank related swap clearing rule, starting waves of effect at banks and clearing houses. In today’s First Read, check out the new MarketsWiki.tv interview with Ryan Baccus of Sapient, who discusses Dodd-Frank compliance and the Clearing Connectivity Standard. Next, there’s a MarketsWiki Five Minutes interview with Alice Botis of Fidessa, who talks about liquidity and clearing in Latin America. And of course, if you haven’t seen part 2 of our Restoring Customer Confidence video series, we’ve got the link for you.
February 16, 2012: NYSE Liffe proposes position limits; UBS suspends traders in Libor probe; NYSE Euronext buys into UK tech firm Fixnetix
NYSE Liffe in London suggests that imposition of futures contract position limits, similar to what is currently done in the USA, would be a good idea. UBS, in the glare of the LIBOR interrogation light bulb, suspends traders; UBS is also said to have asked Canadian regulators for immunity in that probe. NYSE Euronext, making good on its determination to go in new directions, buys a stake in Fixnetix, which provides high-speed trading tech. In today’s top box, Jim Ginsburg provides yet a third perspective on the wisdom (or lack thereof) of CME Group’s plan to dump the CBOT Building; and JLN’s Sarah Rudolph interviews Henry Schwartz of Trade Alert.
January 20, 2012: FSA Pressures Banks to Hand Over MF Global’s U.K. Client Money; Eris Exchange to Distribute Market Data Through CME Group; Volcker Rule Regulators Resist Lawmakers Calls to Scrap Proposal
Britain’s FSA steps harder on the feet of banks in an attempt to get them to release customer money following MF Global’s demise. Eris Exchange reaches an agreement to distribute its SwapBook data via CME Group’s Market Data Platform. Despite calls to just throw away the Volcker Rule and start over, or not at all, regulators working on the issue insist that in the end, they’ll have a viable solution using what they’ve already got so far. In today’s top box, JLN’s Nicole Rohr supplies a Five Minutes interview with Alice Botis of Fidessa; and Hernan Arellano and Felipe Gazitúa Undurraga of Chilean broker IM Trust.
October 26, 2011: Nasdaq plans European derivatives platform; SEC weighs easing hedge fund data rule; Nasdaq Fights Back In Social-Media Listings Fray With NYSE
Nasdaq OMX announces plans to start up a London-based derivatives platform, and nabs social media listings in the U.S. The SEC considers softening its stance on requiring large amounts of confidential data from hedge funds. Banks pledge to be ethical in the future, and UBS and Credit Suisse (both of which are banks) are fined millions by FINRA and the FSA respectively. The top box of the newsletter features JLN interviews with Keizo Goto of the Financial Futures Association of Japan; Alice Botis of Fidessa; and Lauren Teigland-Hunt of Teigland-Hunt LLP. Sovereign “Hot Potato”, FX commentary by Doug Ashburn, rounds out the section.
October 25, 2011: Dark Pool Volume Market Share Lowest Since June ’10; MF Global’s Quarterly Loss Widens on Tax, Restructuring Charges; Hard line adopted on Greek debt loss
Share volume on dark pools have dropped in favor of lit venues. MF Global reports larger losses, and questions are raised about its recovery strategy and credit worthiness. In Europe, the EU proposes tougher-than-expected valuations on Greek debt, and hand-wringing over recapitalization continues. Man Group suggests that hedge funds may see increasing redemptions following recent losses. The Occupy phenomenon continues to occupy the blogosphere, as commentators try to categorize it and make sense of it, and comment-section mavens follow along with their own special brand of wisdom. Plus video interviews with Lauren Teigland-Hunt of Teigland-Hunt LLP and Alice Botis of Fidessa.
Alice Botis – Fidessa [INTERVIEW]
Alice Botis‘ experience spans from being the first female NASDAQ market maker to heading up Latin American business development for Fidessa. She sat down with John Lothian News editor Jessica Titlebaum to discuss the high frequency trading environment in Latin America, how the MILA initiative (otherwise known as the Integrated Latin American Market) is impacting growth in the region and how the industry has changed for women in this global marketplace.
















