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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

Traders test OPEC ‘whatever it takes’ resolve to defend oil price; The VIX is not a Fortune-Teller; ‘Vol’-Apalooza: A Handy Reference Guide To Low Volatility Regimes Standard

Observations & Insight Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income,…

A Kansas Investment Firm Spurring Change on Wall Street; Academics Clash Over VIX Bragging Rights; In the New Bond Market, Bigger Is Better Standard

First Read Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income, customizable…

Montréal Exchange’s CEO Focused on Structural Adjustments Standard

“The world is looking to trade more and more Canada and the fact that we’re only open during our own time zone is a bit prohibitive for some of the international clients.” Last year, Montréal Exchange launched single stock futures and it turned out to be its best product launch in a decade based on rapidly growing open interest. The exchange also revamped its 5-year bond contract in order to make sure all points on the curve are accessible. With those changes in place, 2017’s goals center around structural change. MX is altering its own rules to open its market…

Academics Clash Over VIX Bragging Rights; ’50 Cent’ Just Reloaded With a Big Hedge Against a Stock Selloff; CFTC commissioner to depart amid ‘intolerable’ situation Standard

Observations & Insight Bits & Pieces By John J. Lothian CFTC Commissioner Sharon Bowen has had enough. Or more accurately, she can do the math and her best move is to step aside and let the Washington political process proceed. Congress likes to send up paired nominees for confirmation to the CFTC, but we need two Republicans and one Democrat confirmed to get to the full five-member CFTC. By stepping down, Bowen sets up the ability of Congress to send up a pair of Democrats to go with the pair of Republicans. Hats off to Bowen for her work on…

Vela to Expand Trading Technology Capabilities with OptionsCity Acquisition; Bond Traders Double Down on 2017 Fed Bets Via Options Hedges; Gaming the Yuan – Making Money on a State-Controlled Currency Standard

Observations & Insight LSE Working On More Italian Derivatives Growth JohnLothianNews.com “We are also working and in close contact with the clearinghouse, because one of the key elements in developing derivatives markets now and probably in the time to come is post-trade efficiency.” The LSE bought Borsa Italiana in 2007. Nicolas Bertrand, the LSE’s head of derivatives, says in the past three years the exchange saw double digit volume growth with increasing support from international participants in the FTSE MIB futures complex. In Q3 2017, Borsa Italiana will extend its trading hours with the goal of capturing even more international…

You’re Invited to FOW-John Lothian News Trading Chicago on June 28th! Standard

This one-day event at the Swissotel on June 28th is aimed largely at the end-users of the markets: commodity trading advisors, asset managers, hedge funds and proprietary traders.  The event is free to attend for CTAs, asset managers, props and hedge funds. To register click HERE. For full conference information, click HERE. The conference will cover the issues that impact those firms directly – regulation, technology and market structure, with an underlying thread of trading in an age of uncertainty. All of this will be delivered in a variety of formats, from an Oxford-style debate on the Dodd-Frank Act’s repeal…

Osaka Exchange’s CEO Discusses Its Global Footprint Standard

“Our priority is to diversify our investor base. About 70 percent of our investors are from outside of Japan and 30 percent are domestic …  For the domestic investors we didn’t see active participation from Japanese institutional investors so far.”   The Osaka Exchange – JPX Group may be looking for more institutional activity, but its night sessions see a lot of action already. Osaka Exchange President & CEO Hiromi Yamaji said that after extending the night session to 5:30 a.m. Tokyo time, the overall share of trading activity that occurs at night rose to more than 42 percent in…

LSE Working On More Italian Derivatives Growth Standard

“We are also working and in close contact with the clearinghouse, because one of the key elements in developing derivatives markets now and probably in the time to come is post-trade efficiency.” The LSE bought Borsa Italiana in 2007. Nicolas Bertrand, the LSE’s head of derivatives, says in the past three years the exchange saw double digit volume growth with increasing support from international participants in the FTSE MIB futures complex. In Q3 2017, Borsa Italiana will extend its trading hours with the goal of capturing even more international order flow. The recent success of Borsa Italiana has translated to…

LME Working To Get Exchange Structure Right Standard

“I think we have to be honest that no market structure is going to be the optimal solution for all of its customers. No exchange is in a position where it doesn’t have these open questions. But we probably have more open questions than most at the moment.” The London Metal Exchange and its newly minted CEO Matt Chamberlain spent the first part of 2017 implementing all sorts of admittedly stressful updates and revamps to its trading technology. Now, Chamberlain’s task is to adapt the exchange’s structure for the 21st century. The LME released a discussion paper earlier in the…