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Author Archives: Jeff Bergstrom

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

JLN Options: Investors Show Confidence That New Stock Market Calm Will Linger Standard

Lead Stories Investors Show Confidence That New Stock Market Calm Will Linger Kaitlyn Kiernan – The Wall Street Journal With the stock market resuming its rally after a bout of indigestion caused by worries about the outlook for Federal Reserve policy, options investors appear to be thinking the calm will last. As stocks have pushed back into record territory and the Chicago Board Options Exchange’s Volatility Index has declined over the last three weeks, far fewer investors are placing bets that the quiet will be short-lived and the VIX will spike higher. **At last glance the VIX was down…

JLN Options: The Others and the VXEEM Standard

Lead Stories The Others and the VXEEM Andrew Giovinazzi – The Options Insider The EEM has been in the dustbin since mid-spring when the first hints went down that the Fed might take the foot off the gas pedal.  Mechanical Panic ensued.  I wrote about it in late June and I think it is time to take another look.  Why do you ask?  Well timing and opportunity and lower IV.  Land Mines in the Derivatives ‘Path Forward’   Hal Scott – The Wall Street Journal The U.S. and EU will coordinate trading rules, but the clearinghouses are a potential danger….

John Lothian Newsletter: Tokyo Exchange Merges With Osaka to Form World’s No. 3; Overnight futures trading suspended due to system failure; Libor arrests signal switch to individuals Standard

Tokyo forms world’s third largest exchange.  Technical problems with South Korea’s futures market.  Libor investigation going after invdividuals.

JLN Options: Know Your Options: If You Build It, They Will Come Standard

Lead Stories Know Your Options: If You Build It, They Will Come Joy Rosenstein – Fidessa Corporation (via TABB Forum) As buy-side traders increasingly embrace options both as a profit-making strategy and as a way to hedge their portfolios, broker-dealers must add options-trading capabilities to remain competitive. Here are 5 questions firms must answer before building an options offering. ‘Bernanke Put’ is Back in Play Kaitlyn Kiernan – The Wall Street Journal The so-called “Bernanke Put” is back in play… The idea is that Mr. Bernanke and those policies will protect the market against downturns, much as put options,…

John Lothian Newsletter: A Trillion Dollar Source Of New Funding? The SEC’s New ‘Reg D’; U.S. Regulators Approve Stricter Trading Rules Overseas; Downside of a British E.U. Exit Standard

SEC ruling should help funding for early-stage ventures.  Regulators get compromise on cross-border regulations.  If Britain leaves the EU London may feel the pinch.

John Lothian Newsletter: Regulators Seek Stiffer Bank Rules on Capital; CME Foresees No Changes in NYSE-Libor Deal; Stock ‘fear gauge’ flawed, Citi equity trading chief says Standard

Details are emerging, as are analyses, of the NYSE Euronext takeover of LIBOR management. The CFTC may or may not have cross-border rules in place by Friday. The FDIC adds its capital rules to those approved last week at the Fed. And James Giddens, MF Global trustee, offers his view on how to avoid the next MF.

John Lothian Newsletter: Thomson Reuters to Suspend Early Peeks at Key Index; CFTC To Hold Open Meeting To Consider Cross-Border Final Guidance And Cross-Border Phase-In Exemptive Order; S&P to Argue Puffery Defense in First Courtroom Test Standard

Thomson-Reuters to stop delivering economic survey two seconds early to those who pay for the privilege.  CFTC announce public meeting regarding cross-border-swaps on Friday, July 12.  S&P claims reasonable investors would not believe their claims about credit ratings.

John Lothian Newsletter: MF Global ends bankruptcy as trustee Freeh steps down; Stock Exchanges Seek Curbs on Dark Pools to Fight Exodus; SAC Flap Is Liable to Hit Wall Street Standard

First Read How Well Do You Network? This is a Test. Jessica Titlebaum – Orc Group Some people say it’s money, but I think it’s networking events that make the world go ‘round. They give you an opportunity to establish and maintain connections as well as build a successful brand with a purpose. An industry event is the catalyst to take networking to the next level. With the summer season upon us, hopefully, I have gathered a list of upcoming events that you should make an appearance at in Chicago. Some are invite only, some are only for women and…