MiFID, Moats and Market Structure

The first analyst question out of the gate on the CME Group’s quarterly earnings call this morning touched on a nagging concern: What about European regulators’ call for “open access” to derivatives trading venues and clearers, part of the EU’s…

PIMCO Takes Don Draper’s Advice

Don Draper, the trenchant, dark presence of television’s Mad Men, counseled: “If you don’t like what’s being said, change the conversation.” That seems to be PIMCO’s communications strategy as the bond mega-manager grapples with faltering performance, sizable outflows and a…

New Value Proposition for a New Swaps Market

Though little remarked on by the major media, regulators’ four-year-old effort to overhaul the $400 trillion over-the-counter derivatives market according to Dodd Frank passed a milestone yesterday evening. An action by the Commodity Futures Trading Commission ensured that, in a…

Discouraging the Activists

In the 1980s and 90s, we had “corporate raiders.” Today, they go by the more respectable label of “activist investors.” While the branding has changed, their business has not. Hardly a day goes by without an activist investor (aka hedge…

BuzzFeed’s Push Into Business News

Another high profile name from top-tier business media has defected to a new media platform, underscoring the growing importance of these outlets. Peter Lauria of Reuters (Editor-in-Charge of U.S. Technology, Media, and Telecom) was named editor of BuzzFeed’s new business…