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Author Archives: Spencer Doar

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Graduate of University of Minnesota School of Journalism and Mass Communication

JLN Financials: Greece needs to seize ‘last opportunity’ for deal; Memo to Bond Market From Fed: You Were Right on Interest Rates; UBS Gave Out ‘Instruction Manual on Fixing Libor,’ Hayes Said Standard

First Impressions The Citadel Conversation; SEC Equity Market Structure Advisory Committee Are U.S. equity markets operating efficiently? Can improvements be made to benefit investors? Recently the U.S. Securities and Exchange Commission (SEC) created the Equity Market Structure Advisory Committee to advise on potential reforms aimed at improving market integrity and advancing the interests of investors. To learn more about the Committee and the issues it is examining, we spoke with two Committee members, Citadel Securities’ Jamil Nazarali, Head of Execution Services and Joe Ratterman, Chairman, BATS Global Markets Inc. jlne.ws/1Bo5TwH ***** In-house interview with Jamil Nazarali of Citadel and Joe…

JLN Options: How Hedge Funds Are Trading These European Markets; In the VIX Complex, It’s Always Groundhog Day; Greece Has Already Cost Investors $897 Billion This Year Standard

Observations & Insight The Citadel Conversation; SEC Equity Market Structure Advisory Committee Are U.S. equity markets operating efficiently? Can improvements be made to benefit investors? Recently the U.S. Securities and Exchange Commission (SEC) created the Equity Market Structure Advisory Committee to advise on potential reforms aimed at improving market integrity and advancing the interests of investors. To learn more about the Committee and the issues it is examining, we spoke with two Committee members, Citadel Securities’ Jamil Nazarali, Head of Execution Services and Joe Ratterman, Chairman, BATS Global Markets Inc. jlne.ws/1Bo5TwH ***** In-house interview with Jamil Nazarali of Citadel and…

JLN Financials: Greece’s future in EU in doubt if talks fail, central bank warns; Disappearing Coupons in Europe’s Loan Funds Prompts Safeguards; Bond markets and Fed in uneasy dialogue Standard

First Impressions Swap Meet: Eris Exchange’s Neal Brady Sees Capital Efficiency Driving Growth of Standardized Swap Contracts JohnLothianNews.com Basel III and other capital rules are coming into into force, making efficient use of capital a global priority. As Eris Exchange’s swap futures contracts continue to set new volume and open interest records, and as ICE begins listing interest rate and credit derivatives based on the Eris methodology, Eris CEO Neal Brady sat down with John Lothian News editor-at-large Doug Ashburn to discuss the emergence of swap futures as an important tool in the new financial order. Watch the video »…

JLN Financials: EU Prepares for Worst as Greece Drives Finances to Brink; House Rejects Trade Bill, Rebuffing Obama’s Dramatic Appeal; Bond selloff a wild card that could delay Fed rate hike Standard

First Impressions Pounds for Kids and £aughs For Kim By John Lothian The sold out Futures For Kids annual IDX Gala Dinner raised over £120,000 on Wednesday evening, with this year’s “man in a skirt” Simon Puleston Jones topping £5,000. The event also featured an auction of a Toblerone chocolate bar for Kim Taylor, and her charity of choice, The Lisa Fund. What emerged in that lively auction was a battle between two Goldman Sachs tables, won by none other than Mike Dawley for £5,000. Well done folks. A great night for some great causes. Quote of the Day “This…

JLN Options: You Can’t Keep the Panic Out of Stocks Forever, VIX Traders Say; Traders taking cover for a big shift in market mood; Credit Suisse Thinks Waning U.S. Stock Volatility Points Towards a Bubble Standard

Lead Stories You Can’t Keep the Panic Out of Stocks Forever, VIX Traders Say By Callie Bost – Bloomberg While the turmoil that rocked bond and currency markets in past weeks has been mostly absent from equities, it won’t be forever, options traders speculate. jlne.ws/1L4XCBb Traders taking cover for a big shift in market mood By Shawn Langlois – MarketWatch You think you’ve heard enough bubble talk to last a few lifetimes? Try being a strategist who covers Chinese equities, like Citi’s Markus Rosgen. The question was raised to him again, in the face of this week’s massive outflows from…

JLN Financials: Who Cares How Fast You Can Sell Debt If Borrowers Can’t Repay It; I.M.F. Says Accord Is Remote in Talks With Greece; Liquidity, Activism and Crime Standard

First Impressions Take One: Data and Fintech Rocking The Free World By Jim Kharouf, John Lothian News Over the past two years, market participants have bemoaned the monetization of data by the largest exchanges. CME raised the ire of the trading community last year with the increased data fees, especially at a time when many in the trading community were hurting from new regulation requirements, more technology investments to meet those demands, and a generally lousy trading environment with not a lot of movement in key markets. And there is the ongoing grumbling of traders that it is they who…

JLN Options: Draghi Put Triggered After Worst Europe Stock Selloff of ’15; Is This the Right Time to Bet on Volatility ETFs?; Option traders ready for vol-ler coaster in China stock markets Standard

Observations & Insight Take One: Data and Fintech Rocking The Free World By Jim Kharouf, John Lothian News Over the past two years, market participants have bemoaned the monetization of data by the largest exchanges. CME raised the ire of the trading community last year with the increased data fees, especially at a time when many in the trading community were hurting from new regulation requirements, more technology investments to meet those demands, and a generally lousy trading environment with not a lot of movement in key markets. And there is the ongoing grumbling of traders that it is they…

JLN Financials: Jamie Dimon Says He’s Unsure If Elizabeth Warren Understands Global Banking System; Bond Investors Are Getting Really Creative When it Comes to Hedging Their Risk; View of Wall Street Still Suffering Despite Economy, Survey Says Standard

First Impressions London Update By John J. Lothian I am headed home from London early due to a medical emergency at home as my wife is in the hospital awaiting surgery for removal of her appendix. It is my time to be the supportive spouse, not the patient. While I was here I enjoyed the conference and seeing my global friends and colleagues from around the industry. I received lots of great feedback and it gave me much to think about. One thing I heard concerned my column about CME executive Kim Taylor and her battle with cancer. There was…

JLN Options: Fresh Evidence for 2015 Volatility Truthers; How traders are looking to profit off of market fear; Russell 2000 Volatility and the Reconstitution Process Standard

Observations & Insight London Update By John J. Lothian I am headed home from London early due to a medical emergency at home as my wife is in the hospital awaiting surgery for removal of her appendix. It is my time to be the supportive spouse, not the patient. While I was here I enjoyed the conference and seeing my global friends and colleagues from around the industry. I received lots of great feedback and it gave me much to think about. One thing I heard concerned my column about CME executive Kim Taylor and her battle with cancer. There…