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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

MIAX Prevails in Patent Spat with Nasdaq; Sterling slump prompts dash for options Standard

Observations & Insight TGIF – Miscellany Spencer Doar – JLN Susquehanna’s Stacey Gilbert, head of derivative strategy, said during a panel at SIFMA’s Listed Options Symposium that there have been seven days in 2018 that saw a three standard deviation move. That should happen only two or three times a year. In the last 30 years, there was only one other year it happened: 2008. An uncommon name on the “most active options” lists this week has been Pacific Gas & Electric Co. (PCG). The utility’s stock has been bouncing all over the place on news that its equipment might…

Spoofing: The Need for Regulatory Clarity Standard

“You don’t want to get caught doing something that you thought was legal, but somehow it has wandered into the grey zone, somebody’s taken a dislike to you, and then they throw the book at you three years afterwards.” In this video, Alex Lamb, The Technancial Company’s head of marketing and business development Americas, discusses the problems with identifying and preventing manipulative trading practices.   Produced by Mike Forrester    

Negative Gamma and Oil; CAT Concerns; Brexit Volatility Standard

Observations & Insight Natural Gas ETN Volume Tops S&P 500, Nasdaq ETFs on Blowup Fears Luke Kawa and Rachel Evans – Bloomberg DGAZ bets against natural gas as prices soar on cold forecast; Note tumbled more than 50 percent but appears to have survived Cold weather in the U.S. is sending an extra shiver down the spines of investors who hold an exchange-traded note that bets against natural gas and just had its worst-ever day. /bloom.bg/2DFML3M ****SD: Ahhh, the infamous “acceleration event.” Now where has this come up before…? It’s also perfect timing for this to happen to DGAZ, as…

Goldman Says Hedging Strategies Added to Oil Rout; Pound volatility Standard

Lead Stories Goldman Says Wall Street Hedging Strategies Added to Oil Rout Javier Blas, Jack Farchy and Catherine Ngai – Bloomberg Dealers sold futures to cover to producer hedges, bank says; Mexico’s annual oil hedge has helped roil the market before Wall Street’s been abuzz for the past 24 hours about the epic plunge in the oil market Tuesday. And a bit perplexed about its causes. Analysts at Goldman Sachs Group Inc. say they think they’ve uncovered one of the main culprits: a rush by Wall Street banks to cover their exposure to oil producers’ hedges. /bloom.bg/2DIbLaG ****SD: Hmm, so…

Rethinking Risk Management Standard

In times of ever changing catalysts, technologies and threats, how ought we to think about risk management? In this video, Alex Lamb, head of marketing and business development with The Technancial Company, and Keith Todd, executive chairman and CEO of KRM22, discuss how industry participants are grappling with new risk frameworks.   Produced by Mike Forrester    

Kurtosis Monsters; SEC Warns on Leveraged Funds Standard

Observations & Insight Coinigy Joins with Merkle Data to Provide Enhanced Data Thom Thompson – John Lothian News Coinigy, the Milwaukee-based cryptocurrency trading front-end and data service, announced an agreement Tuesday in which Merkle Data would provide its three cryptocurrency indexes to Coinigy’s customers. Merkle Data provides analytics and risk solutions to crypto institutions in part by analyzing the publicly available data that are a hallmark of the blockchain economy. Coinigy offers its customers a trading interface that is connected to 15 different cryptocurrency platforms. Customers can use the Coinigy interface to access their own accounts at the cryptocurrency platforms,…

Crypto Origin Stories: How’d You Hear About It? Standard

No one has been in the cryptocurrency field for all that long, as Satoshi’s famous white paper is only 10 years old.  In this video, Bcause Founder and Chief Marketing Officer Thomas Flake, Coinigy CFO and Director of Business Development Derek Urben, and Hehmeyer Trading + Investments CEO Chris Hehmeyer, talk about their first memories of cryptocurrencies.    Produced by Mike Forrester

A big short growing in Italian debt; Asian exotics desks need to slash risk Standard

Observations & Insight Bringing Nasdaq’s Derivatives Franchises Together Spencer Doar – JLN Kevin Kennedy now has two jobs. Formerly just the head of U.S. options for Nasdaq, he’s now also the head of the Nasdaq Futures Exchange (NFX), a post left open by the departure of Rick Beaman. Kennedy inherits a still nascent endeavor – it was formed in 2015 – that is largely focused on energy products. Despite its youth, NFX has hit some home runs. NFX’s natural gas options have plenty of traction and the exchange’s open interest in energy products represents 11.5 percent of overall U.S. energy…

SEC, EtherDelta founder settle charges over unregistered exchange; Wall Street says Fed is in denial Standard

First Read Hits & Takes JLN Staff Thank you to the reader who reached out to Jim Oliff with his story of being a cancer survivor for six years with the same type of cancer. The readers of this newsletter never cease to amaze me with their kindness, generosity and sharing.~JJL Benchmark Mineral Intelligence forecasts there will be a 399 percent jump in lithium-ion battery production by 2028. Here is an infographic from Visual Capitalist on the explosion of battery “megafactories.” For a more comprehensive look at the lithium ion battery space, see this blog. For some more trading specific…