Breaking News

Author Archives: Spencer Doar

About Author

Graduate of University of Minnesota School of Journalism and Mass Communication

JLN Options: Segmenting Order Flow – Price Improvement Auctions Are Slowly Killing US Listed Options Markets; Skittish markets may need policy makers to leave well alone; How Long Can Stock Indices Ignore All The Earnings Misses? Standard

Observations & Insight NFX Facts Doug Ashburn – JLN On a quarterly earnings call this morning, Nasdaq CEO Bob Greifeld offered up a status report on its fledgling energy platform NFX. He said that, nine months in, NFX has traded over 10 million contracts, with open interest of 800,000 as of last week. Not bad for a new entrant, given the amount to which the leaders – CME Group‘s NYMEX division and ICE – are entrenched. Of note, the top two market share leaders on NFX are Brent Crude and Low Sulphur Gasoil, two products in which ICE is the…

JLN Financials: Fed to Keep Options Open for June Rate Hike; Cyber thieves target bank systems after Bangladesh heist; Why Banks Don’t Play It Safe, Even When It Costs Them Standard

First Impressions MarketsWiki Education World of Opportunity Dates for 2016 JLN Save the dates of July 12, 14 & 15 for the kickoff of the Chicago MarketsWiki Education World of Opportunity Summer Intern Series. We will be following up Chicago with a trip to New York on July 19, where we will host two sessions at the Nasdaq Marketsite. Our events for Europe will be in Paris, Frankfurt and London this year. We are especially pleased to announce CME Group as our Global Premier Sponsor of the series for the next three years. With this enhanced partnership, we plan to…

JLN Options: Stock Volatility Powers Biggest Quarter for Macro Options in 4 Years; Earnings Blowups Have Tech Investors Seeking Options Hedges; Euro Swaptions Near One-Year Low Face Political Risks – Chart Standard

Observations & Insight MarketsWiki Education World of Opportunity Dates for 2016 JLN Save the dates of July 12, 14 & 15 for the kickoff of the Chicago MarketsWiki Education World of Opportunity Summer Intern Series. We will be following up Chicago with a trip to New York on July 19, where we will host two sessions at the Nasdaq Marketsite. Our events for Europe will be in Paris, Frankfurt and London this year. We are especially pleased to announce CME Group as our Global Premier Sponsor of the series for the next three years. With this enhanced partnership, we plan…

OCC Lends a Hand: Stock Lending Business Growing With Clearing Services Standard

When the Options Clearing Corporation changed its name to OCC in 2011, it reflected the clearinghouse’s growing suite of non-options services. One of those products is the clearing of securities lending transactions. That business continues to boom and appears to have much more growth ahead.     In 2015, 1.4 million transactions took place with OCC and the average daily loan value was more than $155 billion, up 16 percent from a year earlier. The program began in 1993, but only took flight in the last four years. It’s still just a fraction of the stock loan business, which gives OCC…

JLN Financials: The Post-Crisis Economy’s Long Debt Hangover; Ex-UBS Trader in ‘Cartel’ Said to Help U.S. in Currency Probe; Banks’ living wills should be limited in size Standard

First Impressions Mike Forrester reflects on 50 years of trading at the CBOT JohnLothianNews.com For the better part of the Chicago Board of Trade’s history, the exchange was built on the backs of grains traders. Mike Forrester, who started at the CBOT in 1963, has seen the best and worst of corn, wheat and soybean markets during his time on the floor. John Lothian News sat down with Forrester and spoke with him about a career that lasted more than 50 years. Watch the video » Quote of the Day “Expectations for what the ECB will actually deliver still seem…

JLN Options: Record VIX Bets Keep Surging Amid Wall Street Mixed Signals; As market braces for Mexico hedging, U.S. oil options volatility surges; Is Long ‘VIX’ A Crowded Trade? Standard

Observations & Insight Giving Chicago some fintech love Spencer Doar, JLN It is hard to like generic house muzak and the umpteenth use of certain buzzwords, but yesterday’s second iteration of Chicago’s FinTech Exchange was objectively a good show(ing). The reviews of Barchart’s signature cocktail served after the presentations — the Barchart Bull came in a copper Moscow Mule mug — were solid, too. The event was packed elbow-to-elbow. There was much mention of how Chicago gets overlooked in the fintech space and the turnout was testimony to why the Windy City shouldn’t be. The following are the options-related packets…

JLN Financials: Banks pile into equities trading as salve for bond wounds; Why We’re Reviewing Asset Management; Big U.S. banks grapple with costs as they face an ominous 2016 Standard

First Impressions Mike Forrester reflects on 50 years of trading at the CBOT JohnLothianNews.com For the better part of the Chicago Board of Trade’s history, the exchange was built on the backs of grains traders. Mike Forrester, who started at the CBOT in 1963, has seen the best and worst of corn, wheat and soybean markets during his time on the floor. John Lothian News sat down with Forrester and spoke with him about a career that lasted more than 50 years. Watch the video » Quote of the Day “The ECB is acting as an ersatz economy ministry, but…

JLN Options: OCC “pushing big time” for SEC-EU equivalence deal; NYSE Amex Options launches Binary Return Derivatives; Euro-Dollar Volatility Tumbles Ahead of Brexit Vote Standard

Observations & Insight Mike Forrester Reflects on 50-years of trading at the CBOT JohnLothianNews.com For the better part of the Chicago Board of Trade’s history, the exchange was built on the backs of grains traders. Mike Forrester, who started at the CBOT in 1963, has seen the best and worst of corn, wheat and soybean markets during his time on the floor. John Lothian News sat down with Forrester and spoke with him about a career that lasted more than 50 years. Watch the video » Lead Stories OCC “pushing big time” for SEC-EU equivalence deal; Clearing house could lose…

JLN Financials: The problem with negative interest rates; The Sub-Zero Club: Getting Used to the Upside-Down World Economy; Treasury futures fly high as bond market fragments Standard

First Impressions 2016 Exchange CEO Series: CurveGlobal’s Michael Davie Looking For New Twist On Interest Rates JohnLothianNews.com New exchanges are looking to disrupt the status quo or add value to the marketplace. And CurveGlobal, a joint venture between the London Stock Exchange Group, CBOE and several global banks, is planning to do both when it launches later this year. While much is being made of the LSEG’s potential merger with Deutsche Boerse, Curve Chairman Michael Davie told JLN at the FIA Boca conference that the venture is focused on continuing its work to pull the exchange and its customer base…