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Author Archives: Jeff Bergstrom

About Author

Bergstrom is chief information officer of John J. Lothian & Co. He edits MarketsWiki and JLN Options.

JLN Options: Options Industry Has Second-Best Volume Year in 2013; 2014: A Slower-Moving 2013? We Expect Low Volatility To Continue; For Indecisive Travelers, an Options Market for Airfares Standard

Lead Stories Options Industry Has Second-Best Volume Year in 2013Kaitlyn Kiernan – The Wall Street JournalIn the options market, an overall increase in volume last year wasn’t a win for all.The options industry notched its second-heaviest volume year in 2013, helped by strong gains in options tied to benchmark indexes. Trading volumes grew 2.7% in 2013 to 4.1 billion contracts, with a total of $1.2 trillion in options premium exchanging hands throughout the year, industry clearinghouse the OCC said Thursday.http://jlne.ws/1l7TjGO 2014: A Slower-Moving 2013? We Expect Low Volatility To ContinueDeutsche Bank Markets ResearchUS equities’ 2013 performance was impressive: a 32%…

JLN Financials: The Euro Zone’s Recovery Or Hangover?; Three Ways for Europe to Cut Its Debt Load; Gross’s Mistake on Fed Taper Echoes Across Pimco Funds Standard

First Impressions Happy New Year (if a bit belated) to all our readers. We’re just about done digging out from our New Year’s Eve snowstorm in Chicago and now looking forward to more snow and then truly frigid weather in the next few days. Chicagoans are a hearty bunch though so we will continue to bring you the best news in the financial world and look forward to expanding our original content and videos in the coming year. We’re excited for the coming year and hope it will be a good one for you too. As always drop us a…

JLN Options: VIX Makes a Crucial Move at Year’s End; Was the VIX Too Low in 2013? No…; A Few Brave Investors Scored Huge, Market-Beating Wins Standard

Observations and Insight Finding Our Differences: FOA’s Anthony Belchambers Says Regulation Has Long Way to Go JohnLothianNews.com European regulatory changes continue to move forward, but there are significant differences between the US and EU, and also between the European states themselves. The Futures & Options Association’s Anthony Belchambers spoke with John Lothian News about where Europe stands in the rulemaking process and the challenges that still remain. Belchambers said that the issue of extraterritoriality continues to concern EU regulators and market participants. Watch the video » Lead Stories VIX Makes a Crucial Move at Year’s EndWall Street Sector SelectorThe Chicago…

JLN Financials: The Rich Country Trap; The Economy’s Secret Success in 2013; Despite Possible Volcker Reprieve, Some Banks Move Ahead On CDO Sales Standard

First Impressions Finding Our Differences: FOA’s Anthony Belchambers Says Regulation Has Long Way to Go JohnLothianNews.com European regulatory changes continue to move forward, but there are significant differences between the US and EU, and also between the European states themselves. The Futures & Options Association’s Anthony Belchambers spoke with John Lothian News about where Europe stands in the rulemaking process and the challenges that still remain. Belchambers said that the issue of extraterritoriality continues to concern EU regulators and market participants. Watch the video » Quote of the Day The problem [during the crisis] was not any lack of smarts,…

Happy Holidays from John Lothian News Standard

Happy HolidaysFrom everyone at John Lothian News(see note below) NOTE:  The John Lothian Newsletters (Environmental/Energy, Financials and Options) will not be published from now till after the new year as we work on making the above picture happen for each of us.  The John Lothian Newsletter will be published except on Christmas Eve, Christmas Day, New Year’s Eve and New Year’s Day. Have a great and happy holiday! See you in 2014! Sincerely, JLN Staff

JLN Options: CME Seeks to Broaden Cash Options in Clearinghouse Default Rules; Forex: Set Your Expectations for FOMC Volatility, Trend; New risk index shows investors are trending toward higher greed Standard

Lead Stories CME Seeks to Broaden Cash Options in Clearinghouse Default RulesMatthew Leising – BloombergBusinessweekCME Group Inc., concerned that a new U.S. rule undermines the use of Treasuries as collateral at clearinghouses, is proposing a workaround that would make greater use of client cash. http://jlne.ws/197IHzi Forex: Set Your Expectations for FOMC Volatility, TrendForexNews.comThe dollar is close enough to significant reversals with EURUSD, GBPUSD, AUDUSD and USDJPY that the upcoming FOMC rate decision has the market’s focus completely locked in. Yet, Taper speculation doesn’t carry the level of market sway it leveraged 6 months ago; and the outcome’s influence on general…

JLN Financials: CME Sues Ex-Executive Paulhac in Breach-of-Contract Case; Confusing Signals in Chinese Financial Policy Reflect Challenges of Reform; Economic Growth in U.S. to Quicken Next Year, Lagarde Says Standard

First Impressions Happy Holidays This issue will be our final JLN Financial Newsletter of the year. Have a great holiday! We will return on January 2. Thanks for reading. JLN Financials Staff – Jon Matte, Jeff Bergstrom, Doug Ashburn and Jim Kharouf Quote of the Day “Certain elements of the proposal, if implemented as written, will create negative impacts on the markets, will further exacerbate existing differences across jurisdictions, and will not contribute to the shared goal of reducing risk in the system as a whole.” Citigroup in the story, “Central Bank Chiefs to Weigh Debt Rule Changes Amid Bank…

JLN Options: Fed Move Spells Quieter Quadruple Witching; Investing in Volatility; On Tapering, Options Speculation, and Short-Term Volatility Standard

Lead Stories Fed Move Spells Quieter Quadruple Witching Kaitlyn Kiernan – The Wall Street JournalQuadruple witching is upon us.The trading phenomenon that occurs once a quarter has the potential to jolt markets. But after big news out of the Federal Reserve midweek, that day may be shaping up to be calmer than usual.http://jlne.ws/1gL7scs Quadruple witching ahead: Expect increased volatility and volumeKate Gibson – CNBC The usual increase in volatility and volume that typically comes along with quadruple witching—the last trading day for stock options on indexes, equities and futures, with futures themselves also expiring—on Friday will be accompanied by the S&P…

JLN Financials: Chinese Interest Rates in Money Markets Jump on Friday; The Federal Reserve’s Goldilocks Universe; Covered Bonds Get Second-Class Status in EU Liquidity Review Standard

First Impressions Canary in the Paper Mine? Doug Ashburn – John Lothian News Six years ago, the failure of two hedge funds at Bear Stearns sent a small ripple through the commercial paper market. What started out looking like a temporary blip in the economic freight train ended with the failure of large swaths of the banking system, the biggest recession in 70 years, and an unprecedented policy response that continues to this day. Though the crisis had many causes – over-leverage at banks and investment banks, lax lending standards and an opaque derivatives market to name a few –…