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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

JLN Options: U.K. Interest-Rate Volatility Is Underpricing Brexit Risk; Investor sentiment sends mixed signals on stocks; Half Full – Trade Alert’s Schwartz Says Options Industry Has Growth Opportunities Standard

Observations & Insight Double Miles?: CBOE’s Frequent Trader Program Looks to Reward Traders and Provide a Window into Traders’ WorldsJim Kharouf – JLN – Reporting from the Options Industry Conference So how many miles you got? For frequent fliers, piling up miles trip after a trip has its payoff. CBOE adopted just that approach for its end-user community, a group which has been somewhat of a mystery to the exchange. Last month, CBOE launched its Frequent Trader program, which gives rebates to traders who reach certain monthly trading thresholds. The program is designed to do two things – encourage individual…

JLN Financials: Financial messaging service SWIFT says banks responsible for own cybersecurity; A chronic problem – Ideas for reducing the debt burden; Big Banks Could See Sizable Gains from Digital Advice Platforms Standard

First Impressions Chicago Sailing – and a STEAM EngineDoug Ashburn – JLNA couple of days ago our morning newsletter featured an article by Bloomberg’s Philip Tabuas, Champagne and Catamarans: The America’s Cup in New York Harbor, a picture-and-caption look at last Friday’s America’s Cup World Series held in New York Harbor. The story received a lot of attention, either because of the title or because of our comment/shout-out to local trading legend and sailing aficionado Don Wilson. Don and his team wish to remind us that Chicago’s own America’s Cup World Series event is about a month away, June 10-12,…

JLN Options: Gloomy US equities prediction supported by options market signals; Nifty Options most traded globally for index options in 2015; Options Volume Falls to Five-Month Low as US Stocks Hit a Wall Standard

Observations & Insight Half Full: Trade Alert’s Schwartz Says Options Industry Has Growth OpportunitiesJim Kharouf, JLNToday’s options market is a mixed bag of some strong products gaining traction but, in general, the industry has slowed dramatically over the past decade. Henry Schwartz, president of Trade Alert, speaking at the 34th Annual Options Industry Conference in Palos Verdes, California on Wednesday, told the audience that options industry volume growth has slowed from 14.7 percent over the past 20 years, to 8.5 percent over the past 10 years, to just 2 percent in the past 2-year period. Schwartz attributed the slowdown over…

JLN Financials: Cracks are appearing in fintech lenders; Bond Traders Are Worried About Negative U.S. Treasury Yields; Macro funds miss out on trade of lifetime Standard

First Impressions FinTech Exchange Chicago: Future Is Now For Some FinTech and Right Around The Corner For Other Technology Spencer Doar, JohnLothianNews.com FinTech Exchange 2016 Chicago was no wistful exercise in futurology last month. It was firmly set in the do-or-die present of technological solutions and opportunities. Chicago may not be thought of as a fintech hub among key global financial centers such as New York or London, but the homegrown talent was out in force along with a slew of imported presenters on the forefront of finding and pioneering new technology opportunities. The themes were well known — big…

JLN Options: BoE wants global stress-testing of derivatives clearers; Citadel moves on Automated Trading Desk; Most UK-listed firms hedging against Brexit-driven hit for pound – survey Standard

Observations & Insight FinTech Exchange Chicago: Future Is Now For Some FinTech and Right Around The Corner For Other Technology Spencer Doar, JohnLothianNews.com FinTech Exchange 2016 Chicago was no wistful exercise in futurology last month. It was firmly set in the do-or-die present of technological solutions and opportunities. Chicago may not be thought of as a fintech hub among key global financial centers such as New York or London, but the homegrown talent was out in force along with a slew of imported presenters on the forefront of finding and pioneering new technology opportunities. The themes were well known —…

JLN Financials: Why the Eurozone May Avoid a Greek Crisis This Summer; Germany is the eurozone’s biggest problem; Policy rates unlikely to climb back to pre-crisis average levels Standard

First Impressions FinTech Exchange Chicago: Future Is Now For Some FinTech and Right Around The Corner For Other Technology Spencer Doar, JohnLothianNews.com FinTech Exchange 2016 Chicago was no wistful exercise in futurology last month. It was firmly set in the do-or-die present of technological solutions and opportunities. Chicago may not be thought of as a fintech hub among key global financial centers such as New York or London, but the homegrown talent was out in force along with a slew of imported presenters on the forefront of finding and pioneering new technology opportunities. The themes were well known — big…

FinTech Exchange Chicago: Future Is Now For Some FinTech and Right Around The Corner For Other Technology Standard

FinTech Exchange 2016 Chicago was no wistful exercise in futurology last month. It was firmly set in the do-or-die present of technological solutions and opportunities. Chicago may not be thought of as a fintech hub among key global financial centers such as New York or London, but the homegrown talent was out in force along with a slew of imported presenters on the forefront of finding and pioneering new technology opportunities. The themes were well known — big data analytics, blockchain, machine learning and the necessity of reimagining the assumptions around how a business runs. And of course, the event’s…

JLN Options: U.S. investigates market-making operations of Citadel, KCG; Bank of America Strategist Warns of Imminent ‘Vortex of Negative Headlines’ to Send U.S. Stocks Plummeting; Once-Bitten DAX Traders Push Bearish Bets to Highest in Year Standard

Observations & Insight Make A Plan: How OCC Is Forging Change In The Options Industry JohnLothianNews.com Craig Donohue joined OCC in 2014 to help address some major issues for the clearing house and to position the organization for the new derivatives clearing landscape. He sat down with John Lothian News to discuss the current state of the options industry, regulation and where the organization is heading next. One of Donohue’s first issues to address was the OCC’s capital plan to raise the organization’s shareholder equity to $247 million, from $25 million. That plan, which strengthens OCC’s capital base as one…

JLN Financials: OTC derivatives shrink to lowest level since financial crisis; Alarm bells ring over negative interest rates; China Evicts Investment Firms Amid Fears of Unrest Standard

First Impressions East meets West – Chinese brokers continue international expansion Alex Godingen, Head of Business Development, APAC, Fidessa The world watched last year as Chinese markets plunged. Speculation ran rife as the West argued whether this was a correction, an evolution or the beginning of the end. Meanwhile, in China, securities and futures firms remained largely unruffled. State-owned, and backed by over US$3 trillion in foreign exchange reserves, these institutions have been looking outward for a long time. The domestic market, large as it is, is not big enough for the number of brokers (over 100 securities and over…