MarketsWiki Page of the Day

From MarketsWiki
Jump to: navigation, search
Not impressed? Tell us how to improve it or sign up to edit.

April 17

Robert G. Pickel


Robert Pickel is CEO of the International Swaps and Derivatives Association, Inc. (ISDA). On April 17, 2014, ISDA announced that Pickel will step down as CEO later in 2014, and will remain in the position until his successor is named. View page

April 16

ALGO Technologies Ltd

ALGO Technologies is a New York – and London-based technology firm serving financial exchanges, and specializes in algorithmic trading, execution, and market data services.  On April 16, 2014, Bloomberg reported that IntercontinentalExchange, parent of the New York Stock Exchange, has acquired Algo Technologies and its ultra-fast matching engine in order to modernize the exchange’s technology. View page

April 15

Lucas Schmeddes

IntercontinentalExchange Group Inc. (ICE) has appointed Lucas Schmeddes as president of both ICE Futures Singapore and ICE Clear Singapore, two new entities created by the acquisition of the Singapore Mercantile Exchange (SMX) and SMX Clearing Corporation (SMXCC). Schmeddes was previously COO of ICE Endex, ICE’s Dutch gas and power derivatives trading platform. Acquiring SMX and SMXCC has made ICE the first non-Asian exchange to own a clearing house in the region. View page

April 14

JSE Limited

JSE Limited, aka the Johannesburg Stock Exchange, is the largest exchange in the African continent.  Today JSE announced a re-branding that includes a new logo and the integration of its exchange acquisitions into the JSE name. View page

April 11

Eurex Clearing

Eurex Clearing is a central clearing counterparty (CCP) for derivatives transactions executed on the Eurex platform, and for equities, bonds, and repo transactions executed on other platforms. On April 10, Eurex Clearing received authorization from Germany’s financial regulator BaFin as a central counterparty clearing organization under the European Market Infrastructure Regulation (EMIR). View page

April 10

CBOE S&P Short Term Volatility Index

The CBOE S&P Short Term Volatility Index (VXST)  is based on real-time prices of options on the S&P 500 Index that expire every week, and is designed to reflect investors’ consensus of future (nine-day) expected stock market volatility. Today the exchange launched options on the VXST index. View page

April 9

John Kerin

John Kerin will assume the role of chief executive officer of the Chicago Stock Exchange (CHX) on April 18, when current CEO David Herron will step down.  Kerin will also be CEO of the exchange’s parent company, CHX Holdings Inc.  He is currently the exchange’s chief operating officer. View page

April 8

Timothy Massad

On April 8, 2014, the Senate Agriculture Committee voted to approve the nomination of Timothy Massad as chairman of the Commodity Futures Trading Commission (CFTC). Massad is currently assistant secretary to the U.S. Department of the Treasury. He was nominated to be CFTC chairman by President Obama on November 12, 2013. View page

April 7

EuroCCP N.V.

EuroCCP is Europe’s largest cash equities central counterparty. It was formed in December 2013 from the combination of the European Multilateral Clearing Facility in the Netherlands and European Central Counterparty Limited in the UK and clears equities, exchange-traded funds and depositary receipts. On April 3 EuroCCP become the second central counterparty to be authorized under the European Market Infrastructure Regulation (EMIR) allowing it to expand to new jurisdictions including Germany and France. View page

April 4

MF Global

MF Global was one of the world’s largest derivatives brokers before its 2011 bankruptcy, in which an estimated $1.2 billion in customer segregated funds went missing. In April 2014, a final round of checks were disbursed to MF Global customers that made each of them whole. View page

April 3

Blythe Masters

Blythe Masters is the head of global commodities at JPMorgan Chase & Co. and is credited as one of the creators of credit default swaps.  It was announced yesterday that she will step down from the position as JPMorgan sells its commodities unit to Mercuria. View page

April 2

Virtu Financial LLC

Virtu Financial, a high-frequency trading company founded by Vincent Viola, has delayed its planned IPO as the media storm surrounding Michael Lewis‘ “Flash Boys” has put concerns about high-speed trading in the spotlight. View page

April 1

Michael Lewis

Michael Lewis, author of several books including “Liar’s Poker“, “Moneyball: The Art of Winning an Unfair Game” and “The Blind Side: Evolution of a Game“, has caught the attention of the media and the financial industry after he claimed, “The stock market is rigged” during a segment on 60 Minutes. Lewis’s claim is addressed in his most recent book, “Flash Boys: A Wall Street Revolt“. View page

March 31

IEX Group

IEX Group is an alternative trading system launched as an alternative to exchanges and dark pools that cater to high frequency trading. The firm and its founder and CEO Brad Katsuyama are profiled in the newly released book Flash Boys by Michael Lewis and were featured in a segment on CBS News’ 60 Minutes.     View page

March 28

Patrick Birley

Patrick Birley was appointed chief executive officer of ICAP Securities and Derivatives Exchange (ISDX), ICAP’s new securities exchange, effective April 1, 2014.  He was previously chief executive of the UK arm of LCH.Clearnet and chief executive of the European Climate Exchange, which was bought by IntercontinentalExchange in 2010. View page

March 27

London Metal Exchange

The London Metal Exchange was forced to postpone the implementation of a new warehousing rule scheduled to take effect April 1, after a U.K. judge ruled against the exchange in a lawsuit brought by United Co. Rusal.  The LME came up with the rule to address complaints about queueing delays at its warehouses. Rusal alleged that the market consultation LME conducted before arriving at the decision was unfair and procedurally flawed. View page

March 26

CBOE Volatility Index Futures

Today is the 10 year anniversary of the launch of futures on the CBOE Volatility Index (the VIX), considered a benchmark of market sentiment. They are the most actively traded futures contract on the CBOE Futures Exchange. View page

March 25

Japan Exchange Group Inc.

Japan Exchange Group, the new holding company created by the merger of the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), has completed consolidating derivatives trading between TSE and OSE. The merger was completed in January 2013 and cash equities integration was completed by TSE and OSE in July 2013. View page

March 24


Nasdaq OMX NLX, Nasdaq OMX’s new London-based derivatives exchange, achieved a 30-day moving average market share of 10 percent in the Euribor contract, the world’s second-largest short-term interest rate contract after the Eurodollar.  NLX’s CEO Charlotte Crosswell said that level of liquidity was psychologically important to prospective clients. View page

March 21

Kathleen Moriarty

Kathleen Moriarty is a partner at the law firm Katten Muchin Rosenman LLP. She was one of the original attorneys who worked on the SPY, and has been nicknamed “Spider Woman” for her pioneering contributions to the listing of the first ETF. At March 2014 Awards, Moriarty was given a lifetime achievement award for her 25 years of work in the ETF space, which included writing the prospectus for the SPDR. View page

March 20

Eric T. Schneiderman

Eric T. Schneiderman is the New York State Attorney General.  He announced on Wednesday that Marketwired, a Canadian company that distributes news releases on behalf of public companies, had agreed to stop selling its information feeds directly to high-frequency traders. Schneiderman has spearheaded a recent campaign to curb some of what he has called the “unfair advantages” that high-frequency traders receive. View page

March 19

Mercuria Energy Group

Mercuria is a Geneva, Switzerland-based trading firm focused on energy products and dry bulk commodities. The firm was founded in 2004 by two former Wall Street oil traders, Marco Dunand and Daniel Jaeggi. In March 2014, the Mercuria purchased JP Morgan‘s physical commodities unit for $3.5 billion. View page

March 18

Steve Dickey

Steve Dickey, former global technology manager at Thomson Reuters, has been appointed as director of the Options Price Reporting Authority (OPRA). Dickey was previously a director at DTN, and also head of market data technology services for MF Global. View page

March 17

James H. Freis, Jr.

James H. Freis, Jr., was just appointed chief compliance officer for Deutsche Börse Group, effective April 1.  He has previously served as director of the U.S. Treasury Department’s Financial Crimes Enforcement Network and as an attorney at the Federal Reserve Bank of New York, among other roles. View page

March 14

Michael Dawley

At the FIA conference in Boca Raton this past week, Michael Dawley, managing director and global co-head of futures and derivatives clearing services at Goldman Sachs, was elected chairman of the board of FIA Global and chairman of the board of trustees of the Institute for Financial Markets (IFM). View page

March 13

R.J. O’Brien & Associates

At the Futures Industry Association’s International Conference in Boca Raton, R.J. O’Brien & Associates was honored for 100 years of service to the futures industry. A short video made by John Lothian Productions for RJO was shown (see the video at ). View page

March 12

Sarah Bloom Raskin

Sarah Bloom Raskin was confirmed today by the U.S. Senate to succeed Neal Wolin as deputy secretary of the U.S. Treasury. That post will make her the highest-ranking woman ever at the agency.  She is currently a member of the board of governors of the U.S. Federal Reserve. View page

March 11

CME Europe

CME Group announced today that it has received approval from the U.K.’s Financial Conduct Authority for its proposed London-based derivative exchange, CME Europe. The new exchange is set to launch on April 27 with a full suite of FX futures products. View page

March 10

Blair Hull

Blair Hull, the founder and managing partner of Ketchum Trading, LLC and the former CEO and chairman of Hull Trading Company, will receive the 2014 Joseph W. Sullivan Award.  The award will be presented to him on Friday, May 2, 2014, at the Options Industry Conference in Austin, Texas. View page

March 7

Robert D. Ray

Robert D. Ray, a long-time trading industry executive who was most recently the CEO of CME Europe,  passed away on March 6, 2014 at the age of 60. He joined the CBOT as a vice president in 2002 and remained at the CME Group after the CME-CBOT merger in 2007. View page

Full list »

Personal tools

John Lothian News
Special Pages