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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

The Spread – Week of 5/14 to 5/18 Standard

Mexico, Italy, India, Ireland – we’re all over the world in today’s edition of The Spread. Also in this video, Spencer tries to speak Irish Gaelic. The following are stories referenced in this week’s episode: Bloomberg -> Pope’s Beef With CDS Market Is a Beef With All Markets Holy See Press Office – > “‘Oeconomicae et pecuniariae quaestiones’. Considerations for an ethical discernment regarding some aspects of the present economic-financial system” Times of India ->NSE derivatives access to US clients enabled Reuters -> Thomson Reuters to move forex derivatives to Dublin due to Brexit Bloomberg -> Strategist Who Named ‘50…

NSE derivatives accessible to US clients; Shanghai copper options; Fresh vol bets Standard

Observations & Insight Michael Lewis’ Wall Street Movie ‘Flash Boys’ Heads to Netflix Dave McNary – Variety Netflix has acquired movie rights Michael Lewis’ real-life financial drama “Flash Boys: A Wall Street Revolt” — a project that had been in development at Sony Pictures in 2014. bit.ly/2rTNoOS *****SD: Tagline – “Based on a book that made market makers start calling themselves electronic liquidity providers.” Lead Stories NSE derivatives access to US clients enabled Times of India The National Stock Exchange of India (NSE) on Friday said it has become the first Indian stock exchange to be part-30 exempted by the…

Papal comments; VIX settlement w/o the complaining; Barrier reverse convertibles Standard

Observations & Insight Pope Calls Derivatives Market a ‘Ticking Time Bomb’ Sridhar Natarajan – Bloomberg Warren Buffett once called them “financial weapons of mass destruction.” Now Pope Francis, of all people, is taking aim at derivatives. /bloom.bg/2L65vKa *****SD: I thought Warren Buffett talking to Katy Perry about bitcoin was weird… But then again, I heard the pope was reading the new Dan Brown book “Disciples and Derivatives.” (Btw, he’s talking about credit default swaps, not derivatives markets overall.) Perhaps the oddest part from the so-called Holy See Press Office’s release, is the overuse of the qualifier “so-called.” There are four…

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Standard

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

The Options Industry Leader Series 2018 – BOX’s Ed Boyle Standard

In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and options market structure.    Produced by Mike Forrester Interview by Spencer Doar

JLN Options: Volcker Rule Rewrite; Thomson Reuters moving FX derivs to Ireland Standard

Lead Stories Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say Jesse Hamilton and Benjamin Bain – Bloomberg Wall Street is poised to get a big reprieve from the Volcker Rule, as U.S. agencies prepare to scrap a restrictive presumption that most short-term trades violate the post-crisis regulation, three people with knowledge of the matter said. In a much-anticipated overhaul, the Federal Reserve and other regulators are planning to drop an assumption written into the original rule that positions held by banks for less than 60 days are speculative — and therefore banned, the people said. Instead, banks…

The Options Industry Leader Series 2018 – Nasdaq’s Kevin Kennedy Standard

Video series brought to you by OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered low volatility, Nasdaq’s proprietary product suite and capital requirement issues.     Produced by Mike Forrester Interview by Spencer Doar