Jumbo SPY Options Start Slow Amid Industry Criticism
Kaitlyn Kiernan, The Wall Street Journal
An effort to create jumbo-sized options linked to larger blocks of shares for the popular SPRD S&P 500 exchange traded fund is off to a rough start.
The new contracts, launched by BOX Options Exchange LLC, represent an attempt to break Chicago Board Options Exchange’s lock on heavily-traded–and lucrative–options contracts tied to the Standard & Poor 500-stock index.
http://jlne.ws/15Kl0QV Goldman may create own Bloomberg-like tech
Mark DeCambre and Kaja Whitehouse, New York Post
Goldman Sachs is mulling reducing its reliance on the ubiquitous Bloomberg LP terminals, The Post has learned.
Irked Goldman executives are weighing such a major move because they are still steamed about Bloomberg reporters using the data giant’s terminals to snoop on employees, sources said.
http://jlne.ws/16bOPKh Videocast: What’s behind pop in VIX
http://jlne.ws/128SJgq Wall Street jumps as banks lead S&P 500 to new high
Leah Schnurr, Reuters
Stocks rose to extend a recent rally on Tuesday, with the Dow Jones and the S&P 500 indexes hitting new intraday highs as investors bet that the market has momentum to it.
http://jlne.ws/16bSlEf Expect 1,900 on the S&P 500: Laszlo Birinyi
Paul Toscano, CNBC
Investor strategist Laszlo Birinyi, who accurately predicted the S&P 500 would break 1,600, told CNBC on Tuesday he thinks the closely watched index could eclipse 1,900 in the longer term.
http://jlne.ws/16bS9oL Hedge fund boss launches bold plan to break up Sony
Josephine Moulds, The Guardian
Sony, the Japanese electronics and entertainment giant, is facing an audacious breakup attempt in a battle that could rock the staid Japanese corporate world.
http://jlne.ws/16bPThb Bill Brodsky eases way for N.Y. transplants
Shia Kapos, Crain’s Chicago Business
Bill Brodsky’s job at the Chicago Board Options Exchange is changing, but he’ll still be rolling out the Welcome Wagon for newcomers to the city.
For years, the Long Island transplant and his wife, Joan, have taken New Yorkers who move to Chicago under their wing.
**Quite a few New Yorkers have moved to Chicago. But we haven’t all taken the town like Mr. Brodsky has. — SR ICAP CEO Says No Inappopriate Conduct Found in ISDAFix
Liam Vaughan, Bloomberg
ICAP Plc (IAP) Chief Executive Officer Michael Spencer said an internal probe into allegations brokers manipulated ISDAFix, the benchmark for the $379 trillion swaps market, found no evidence of wrongdoing.
ExchangesNYSE proposes lower access fees to get more trading
Dave Michaels, Futures
NYSE Euronext, owner of the second- largest U.S. stock exchange, sought to mute opposition to its quest for regulatory curbs on so-called dark-pool trading by offering to lower its fees it charges to execute trades.
http://jlne.ws/16bMRcG DTCC and Euroclear to Launch Joint Collateral Service
Euroclear and The Depository Trust & Clearing Corporation (DTCC) have signed a Memorandum of Understanding to create a joint collateral processing service which will significantly increase efficiency, reduce risk and support the growing collateral needs of industry participants.
http://jlne.ws/18IGH2y NYSE Euronext Commemorates the 10th Anniversary of the Intellidex Family of Indices
Press Release (Herald Online)
NYSE Euronext today announces the 10th anniversary of the Intellidex Indices, the industry’s first ‘smart index’, designed to objectively identify those stocks within a particular market segment that have the greatest potential for capital appreciation.
RegulationISDA publishes protocol for swap reporting compliance
The International Swaps and Derivatives Association (ISDA) has launched a reporting protocol aimed at helping market participants comply with mandatory trade reporting rules.
PeopleFormer BlackRock Manager Arrested in Insider Trading Inquiry
Mark Scott, Dealbook
Mark Lyttleton, a former BlackRock fund manager, has been arrested in connection with an insider trading investigation in Britain, according to two people briefed on the matter.