Profile

Cover photo
John Needham
Works at Needham Consulting, Ltd.
Attended Saint John's University, Collegeville, MN
Lives in Chicago
247 followers|395,259 views
AboutPostsPhotosYouTube+1's

Stream

John Needham

Shared publicly  - 
 
One year ago TODAY the CFTC pushed the Ownership & Control Reporting (OCR) implementation date six months, to last September 30th. Later they pushed it another six months to April 27, 2016. Now I'm told they are considering yet another delay.

Meanwhile, the regulation departments at multiple exchanges are already live, with dozens of Reporting Firms submitting completely clean files every day. Thousands of clean forms have been submitted to CME, ICE-US, and other exchanges.

Your federal government at work, folks.

It is fair to ask, at this point, what CFTC thinks will be different after yet another delay. What will be true later that shouldn't already be true 2.5 years after the Final Rule was published?
1
Add a comment...

John Needham

Shared publicly  - 
 
Fun fact: since December, 2013, 14 U.S. FCMs have stopped clearing customer business. One more - XFA - has been ordered to stop by NFA.

Details at the link below.
1
Add a comment...

John Needham

Shared publicly  - 
 
"And there were in the same country shepherds abiding in the field, keeping watch over their flock by night.

And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid.

And the angel said unto them, Fear not: for, behold, I bring you good tidings of great joy, which shall be to all people.

For unto you is born this day in the city of David a Saviour, which is Christ the Lord.

And this shall be a sign unto you; Ye shall find the babe wrapped in swaddling clothes, lying in a manger.

And suddenly there was with the angel a multitude of the heavenly host praising God, and saying,

Glory to God in the highest, and on earth peace, good will toward men."
1
Add a comment...

John Needham

Shared publicly  - 
 
+Eugene M. Grygo from FTF News has a new piece up on +CFTC's Regulation AT with a small quote from your humble correspondent ("derivatives expert John P. Needham, president of Needham Consulting"). 
1
Add a comment...

John Needham

Shared publicly  - 
 
Ahead of FIA Expo - I'll be in Chicago for it next month - I figured this was as good a time as any to post another sorted summary of the CFTC FCM Financial Data reports. Sourced from here, you already know the drill, no doubt: CFTC publishes the report every month based on FCM/Broker Dealer FOCUS Reports, and/or FCM 1-FR reports.

[ 182 more words. ]

http://needhamconsulting.net/2015/10/12/fcm-data-august-2015
1
Add a comment...

John Needham

Shared publicly  - 
 
"All denied wrongdoing, and their insurers will cover the settlement payments..."

Jon Corzine, Henri Steenkamp and others are settling a lawsuit filed by investors in the defunct FCM.

I think it is unfortunate that no money is coming out of their pockets.

Corzine is still facing a CFTC lawsuit seeking civil penalties/fines, plus a well-deserved ban from the U.S. futures industry.
Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures
1
Add a comment...
Have him in circles
247 people
Марк Соколов's profile photo
Kevin McKague's profile photo
Patricia Hannigan's profile photo
Aine Hall's profile photo
PJ Murray's profile photo
Keith Biegelmann's profile photo
Jay Morse's profile photo
Antonio Lagarto's profile photo
Lacuisine Paris's profile photo

John Needham

Shared publicly  - 
 
+Eugene M. Grygo takes a look at Bernie Sanders' populist positions on Wall Street, over at FTF News, and he includes a quote from your humble correspondent. 
1
Add a comment...

John Needham

Shared publicly  - 
 
To all the Futures and #FinTech people left on Google Plus - those that have not subtracted themselves, that it - this is a friendly reminder to renew your subscription to the always-valuable +John Lothian News (JLN) newsletter.

You can use the link below. 
The John Lothian Newsletter and JLN Environmental/Energy are offered on a voluntary pay basis. If you find them useful, we ask that you pay for them. Students and journalists may receive the newsletter at no cost. See payment details below. Subscribe to newsletters here. John Lothian Newsletter Payment Options Not a subscriber? Click here. Individual (1-yr) – $175 Request InvoiceorPay Now Individual (6-mo) – $90 Request InvoiceorPay Now Enterpris...
1
Add a comment...

John Needham

Shared publicly  - 
 
On its September 30th FOCUS report the Jefferies FCM reported over $27MM in Customer Seg assets, with just $316k in Customer Seg required. We all knew they were slowing winding down their FCM operations. That is now complete.

On the October 31st FOCUS report, both the Customer assets in Seg, and the Seg required, were zero for Jefferies.

And with that, the venerable Bache and Prudential-Bache FCM names are tossed unceremoniously onto the dust heap of history.

There are now just 55 FCMs clearing customer business in the US. That's down roughly 50% in the last 12 years.
1
Add a comment...

John Needham

Shared publicly  - 
 
I will be in Chicago the first week of November for FIA Expo. I'll likely be in town the whole week from November 2nd through November 5th. If you want to connect (or reconnect) that week, ping me here or on the usual social medial channels.
1
Add a comment...

John Needham

Shared publicly  - 
 
Concerned about this week's stock market volatility and the implications for market structure? Here's an astute observation from Jeff Carter over at the Points and Figures blog:
"Competition in the market isn’t over price, it’s over speed. When price is meaningless, breakdowns in the economics around markets happen."
1
Add a comment...

John Needham

Shared publicly  - 
 
It is good to see the mainstream media, and even CFTC's Giancarlo, pick up on a topic I've been talking about for eight years: the unhealthy world of the U.S. FCM.
1
Add a comment...
People
Have him in circles
247 people
Марк Соколов's profile photo
Kevin McKague's profile photo
Patricia Hannigan's profile photo
Aine Hall's profile photo
PJ Murray's profile photo
Keith Biegelmann's profile photo
Jay Morse's profile photo
Antonio Lagarto's profile photo
Lacuisine Paris's profile photo
Work
Employment
  • Needham Consulting, Ltd.
    President, 2008 - present
  • SunGard
    1997, 2008
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Chicago
Previously
Aurora, IL
Story
Introduction
john.p.needham@gmail.com Texas-based consultant in the exchange traded/OTC derivates space. Proud father. Passion for good food & wine. Lousy but devoted golfer.
Bragging rights
2014 winner of The Brat Award given for consistent support for the Stephen P. Bratkowski Memorial Foundation which does charitable work for disadvantage children and adults in Memphis, TN.
Education
  • Saint John's University, Collegeville, MN
    Natural Science, 1978 - 1982
Basic Information
Gender
Male
Looking for
Networking
Relationship
Married
John Needham's +1's are the things they like, agree with, or want to recommend.
Instagram Photo Feed
www.gramfeed.com

Instagram Web Interface and Map Visualization

Instagram Photo Feed
www.gramfeed.com

Instagram Web Interface and Map Visualization

Instagram Photo Feed
www.gramfeed.com

Instagram Web Interface and Map Visualization

Turkish lira - Wikipedia, the free encyclopedia
en.wikipedia.org

In 1926, the Ministry of Finance introduced notes for the Republic of Turkey in denominations of 1, 5, 10, 50, 100, 500 and 1000 lira. These

FFastFill England vs. Barbarians Cricket Day (England Team)
www.justgiving.com

FFastFill Cricket Day is fundraising for Futures for Kids

Keiser Report: FBI vs Gold Standard 'Extremists' (E248)
www.youtube.com

In this episode, Max Keiser and co-host, Stacy Herbert, discuss the gold standard extremism and how your dollar got to be worth just 3.8 cen