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Monthly Archives: January 2011

Run Terry, But Don’t Go Far Standard

John Lothian

Friday midday a story popped up in my email box with a “Terry Duffy” key word alert from Google. The story from Fox News Chicago, which identified Duffy as CME Group CEO, said Duffy was threatening to move the CME Group out of Chicago and Illinois because CME was a public company and the state of Illinois had just raised corporate taxes. No one asked him if he wanted his taxes raised, he said. Liking to stir the pot when I see a good chance, I tweeted the story and asked “what happened to Chicago as Risk Management Capitol?” It did not…

100 Women in Hedge Funds Celebrates 10 Year Anniversary Standard

left to right: Susan Chamberlain, Kathleen Cheevers and Laura Yunger get ready to ring the opening bell at the Chicago Stock Exchange. Non-profit organization for professionals in the alternatives industry, 100 Women in Hedge Funds, commemorated its 10-year anniversary with celebrations in New York, London, Zurich, Chicago and Toronto on Jan. 24. In Chicago, about […]

An Interview with Amy Farnstrom and Paul Finnegan, co-CEOs of NYSE Arca Options Standard

An Interview with Amy Farnstrom and Paul Finnegan, co-CEOs of NYSE Arca Options Amy Farnstrom and Paul Finnegan were appointed co-CEOs of NYSE Arca Options, one of NYSE Euronext’s two options trading platforms, in December 2010. They took over at the departure of Ed Boyle, who moved to Getco in December. They spoke over the phone with Sarah Rudolph, JLN Options editor. Q: How will you divide your responsibilities as co-CEOs between you? Amy: Each of us has some distinct strengths that complement each other. Paul is shouldering the majority of client contact while my strengths lie more in the…

Remembering Edmund J. O’Connor, Pioneer in Listed Options and a Founder of CBOE Standard

From the CBOE: Edmund J. O’Connor, key architect of exchange-listed security options and a founder of the Chicago Board Options Exchange (CBOE) – died on January 17, 2011, at age 85 in Lake Forest, Illinois. In the late 1960s, Mr. O’Connor, a highly successful grain futures trader, served on the board of directors of the […]

Kevin Jamali of Auctos Capital Management has it going Standard

John Lothian

Kevin Jamali has it going. Kevin is a Principal of Auctos Capital Management, a firm we first profiled in JLN Managed Futures back in February of 2010. Auctos is a Commodity Trading Advisor that is building a CTA business the right way. Of course, I am conflicted. Very conflicted. You see, Kevin has some partners that include one of my oldest friends in the business. In fact, I have known John J. Ruth just about as long as I have known what futures were. He was a partner in a CBOT member firm named Victor Grain, and I worked for…

Interview: Russell Rhoads, CBOE Options Institute Standard

An Interview with Russell Rhoads, CFA , instructor at the CBOE Options Institute Options education is one of the biggest drivers of increased options trading volumes in the U.S., and the CBOE Options Institute is one of the leaders in that arena. JLN Options editor Sarah Rudolph spoke with Russell Rhoads about how the Institute’s program for college and graduate school students works and what they are learning. Q: You are in charge of the CBOE Options Institute’s college program. Can you tell us a little about how that program works? A: The idea for the College Day program came…

Captions for Leo Melamed Picture from Nikkei News Story Standard

Here are some captions that have been suggested for this picture of CME Chairman Emeritus Leo Melamed, captured in this picture by The story is located here. Top Caption Suggestions: Screw the CFTC! Trade Free or Die! Free Markets, or Freeze! Buy CME, Sell NYSE! Two Daleys, Only One Melamed! Sell Before The Bell, […]

Five Minutes with Neal Brady Standard

Neal Brady

Neal Brady has spent the last five months or so working to get the Eris Exchange up and running as the first swaps futures exchange created after Congress passed the Dodd-Frank financial reform bill ordering swap trades onto public exchanges. As the deadline looms on finalizing Dodd-Frank, Eris aims to be the venue of choice for clearing services to reduce systemic risk in the over-the-counter market. Thus far, the new exchange for interest rate swap futures has handled over $19 billion in notional value since trading started in August. Q: How did you get involved with the Eris Exchange? A:…

Interview: BOX CEO Tony McCormick A Year Later Standard

BOX CEO Tony McCormick A Year Later JLN Options Newsletter last spoke with Tony McCormick, CEO of the Boston Options Exchange (BOX), in November 2009. He discussed some of the changes the exchange was making, including abandoning the maker-taker model in favor of a price-time model that rewards the liquidity taker. Now, a year later, he spoke with Sarah Rudolph about the results of those changes and what will be happening with BOX and the options industry in 2011. Q: We last spoke about a year ago, although more recently JLN Options talked with John Goode, BOX’s CIO, about some…