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Author Archives: Sarah Rudolph

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Rudolph is managing editor of John Lothian News (JLN).

An Interview with Alex Jacobson, former VP of education at ISE Standard

An Interview with Alex Jacobson, former vice president of education at the ISE Alex Jacobson recently retired from the International Securities Exchange, where he was vice president of education. He is also an instructor with the Options Industry Council, and he was a founding member of the CBOE Options Institute. He spoke with Sarah Rudolph about the history of options education and the changes in the industry. (This is part one of a two part interview. Part two will appear in next week’s JLN Options Newsletter.) Part One: History Q: You have had a long career educating people about options….

An Interview with Jeffrey Wecker, President and CEO of Lime Brokerage Standard

Jeffrey Wecker is President and CEO of Lime Brokerage, which recently launched high-speed options execution to complement its high speed equities and futures trading. He spoke with Sarah Rudolph about the new options platform and the importance of high speed technology in the options marketplace. Q: How long have you been with Lime? A: Since November 2008. Q: Before the launch of its new high-speed options execution platform, did Lime trade options at all? A: No, this is a new product. We’ve pre-launched, so we’ve been trading the last two months, but we’ve been in an evaluation program, ironing out…

Five Minutes with Randy Frederick Standard

Randy Frederick, Director of Trading and Derivatives at Charles Schwab & Co., is the company’s options guru. He sat down with MarketsWiki’s Jessica Titlebaum to discuss his ascent into the options space, the difference between equity and options traders and why he is so passionate about this industry. Q. Did you have any mentors throughout your career? Greg Miller was someone I aspired to be like. He worked at Schwab when I was a broker and a manager in Indianapolis. He was the Options Guru, the guy that came around and taught everyone about options, and I was one of…

Five Minutes with Chris Nagy Standard

Chris Nagy is managing director, order routing sales and strategy for TD Ameritrade, focused on options. He will be one of the speakers on a panel on “Market Structure” at the 2010 Equity Options Conference in New York on October 5. He spoke with MarketsWiki’s Sarah Rudolph about his thoughts on proposed regulations, the importance of exchange fees, the “flash crash”, and what inspired him in choosing his career path. Q: The panel you are speaking on at the Equity Options Conference will focus on some regulatory issues facing the industry – including rules on flash orders, circuit breakers, sponsored…

An Interview with Ed Boyle, Executive VP NYSE Euronext Standard

Edward G. Boyle is executive vice president of NYSE Euronext, which operates the NYSE Arca and NYSE Amex options exchanges. He also represents NYSE Euronext on the board of directors of the Options Clearing Corporation. He spoke with Sarah Rudolph in advance of the 2010 New York Equity Options Conference on October 4th and 5th. Q: You are going to be one of the speakers on a panel at the FIA-OIC Conference in New York called “The Outlook for U.S. Equity Options Markets.” What are the most important subjects the panel is likely to touch on?A: The most important subject…

Interview: Brandy Patterson Standard

Brandy Patterson is managing director for NYSE Arca and NYSE Amex, the two options exchange arms of NYSE Euronext. She is in charge of electronic trading and client support for those exchanges. She spoke with Sarah Rudolph about the transition from floor to electronic trading, the challenges of running two electronic exchanges, and what’s ahead for Arca and Amex. Q: You started out on the floor of the Pacific Stock Exchange (now Arca) in 1998. What was your personal experience in making the transition from floor trading to electronic trading of options? A: I didn’t set out to get into…

Interview: Bud Haslett of CFA Institute Standard

Bud Haslett is head of Risk Management, Derivatives and Alternative Investments at CFA Institute, a global, not-for-profit association of investment professionals that awards the CFA and CIPM designations. Haslett joined CFA Institute in April of 2009. He was previously CEO of Miller Tabak Capital Management, where he provided option-based money management services. He spoke with Sarah Rudolph about options education, strategies, and expansion in Asia. Q: In your role at CFA Institute, how are you involved with options as a method of risk management?A: I spent 20 years as an options market maker, so I had a strong foundation in…

Interview: Jeanine Hightower of ISE Standard

Jeanine Hightower is head of options business development at the International Securities Exchange. She spoke with Sarah Rudolph about forthcoming technology changes and products at ISE. Q: How long have you had your present title? A: Since the beginning of this year. Before that I held two other roles at ISE. I started six years ago as a relationship manager covering our market makers and EAMs [electronic access members, which are ISE’s non-market maker participants]. In the summer of 2006 I was promoted to director of business development, responsible for member relationships and business development, with a team reporting to…

Five Minutes with Dr. James A. Overdahl Standard

Dr. James A. Overdahl is a vice president in the Securities and Finance Practice at NERA Economic Consulting. Before joining NERA, he was chief economist and director of the Office of Economic Analysis for the US Securities and Exchange Commission (SEC). He was their principal economic advisor on policy, rulemaking, and litigation support. From 2002 to 2007, he was chief economist and director of the Office of the Chief Economist for the US Commodity Futures Trading Commission (CFTC). Some of the policy issues he has advised the SEC on are: credit default swaps and other OTC derivatives, high-frequency trading, securities…