Breaking News

Author Archives: Sarah Rudolph

About Author

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

Five Minutes with Dan Stern Standard

Dan Stern

Daniel B. Stern is managing member of Stern Investment Advisors, LLC in Chicago, which he started in August of 2004. He has been in the trading and financial services industry for 35 years, beginning as a soybean trading at the Chicago Board of Trade, where he is still an active member. In 1988 he became a member of the Chicago Board Options Exchange (CBOE), where he was a market maker in the S&P 100 index. (He does not trade futures and options for Stern Advisors, however.) Stern is also licensed to sell life and health insurance as well as variable…

Gary Katz, ISE’s CEO, on the Qualified Contingent Cross Standard

Last month the Securities and Exchange Commission approved the International Securities Exchange’s new qualified contingent cross (QCC) order type after a 20-month fight between ISE and several of its competitors. The CBOE had circulated a petition objecting to the QCC orders, saying they could harm the U.S. options market. ISE launched the QCC orders on February 28. JLN Options editor Sarah Rudolph spoke with Gary Katz, Chief Executive Officer of the ISE, about how the QCC works and his opinion on the controversy. Q: Would you explain how a qualified contingent cross works? A: An ISE member firm that has…

Five Minutes with Jubin Pejman Standard

Jubin Pejman is the founder and managing director of FCM360, a technology solutions provider for derivatives trading firms. He has had a varied career in the financial space, working for firms ranging from Oppenheimer to Long Term Capital Management to Trayport and GFI over the past 15-plus years. Pejman spoke about his days at Long Term Capital Management and where he thinks trading technology and energy and commodities trading is going. Q: How did you get started? A: My first official job on Wall Street out of school was managing a cash portfolio at Oppenheimer. Then I went to Long…

Interview: CBOE’s John Hiatt on the exchange’s new futures and options on the CBOE Gold ETF VIX Standard

CBOE Holdings recently announced plans to launch futures and options on the CBOE Gold ETF Volatility Index (GVZ). The CBOE Gold ETF Volatility Index (“Gold VIX”) is calculated using the same CBOE VIX methodology applied to options on the SPDR Gold Trust (Ticker – GLD). The Gold VIX is an estimate of the expected 30-day volatility of GLD, calculated using real-time bid/ask quotes of GLD options that are listed on CBOE. Pending regulatory approval, CBOE Futures Exchange expects to begin trading the futures on March 25, and the options a few weeks later. JLN Options editor Sarah Rudolph spoke with…

Interview: Kevin Cook on teaching “Probability for Traders” Standard

Kevin Cook is OptionsProfits Contributor at TheStreet, and was previously Education Manager and Retail Instructor at the Options News Network (ONN.tv) He will be teaching a course entitled “Probability for traders: Survival training for speculators”, at the Northwestern University’s School of Continuing Studies in Chicago, beginning March 1st. He spoke with Sarah Rudolph about what the course offers traders and about the lessons he has learned in the industry. Q: What instruments does the course involve? I see that forex and stocks are mentioned, but can it be applied to options as well? A: The course really applies to all…

Five Minutes with Patty Kevin-Schuler Standard

Patty Kevin-Schuler was recently named the new vice president of sales and marketing at the Boston Options Exchange (BOX). She spoke with Sarah Rudolph about her new role there as well as her role as president of Security Traders Association of Chicago (STAC). Q: Congratulations on your new position. Can you tell me a little about your background? You were most recently director of business development for CBOE and CBOE Stock Exchange. What about before that? Where did you get your start? A: I started in 1986 working for a broker-dealer on the CBOE floor. I worked as a runner…

Five Minutes with Bob Fitzsimmons Standard

Robert Fitzsimmons was chief executive officer of RedSky Financial before it was acquired by ITG in 2007. Before that he was CEO of NQLX, a joint venture between the NASDAQ Stock Market and Euronext.liffe, and held senior positions at Nomura Securities International and Kidder Peabody. He sat down with Sarah Rudolph to talk about his latest ventures, and some of his earliest adventures, in the trading industry. Sarah Rudolph: I first met you when you headed up NQLX, [an exchange formed to trade single stock futures.] NQLX made a valiant effort, but things did not quite work out. Bob Fitzsimmons:…

An Interview with Amy Farnstrom and Paul Finnegan, co-CEOs of NYSE Arca Options Standard

An Interview with Amy Farnstrom and Paul Finnegan, co-CEOs of NYSE Arca Options Amy Farnstrom and Paul Finnegan were appointed co-CEOs of NYSE Arca Options, one of NYSE Euronext’s two options trading platforms, in December 2010. They took over at the departure of Ed Boyle, who moved to Getco in December. They spoke over the phone with Sarah Rudolph, JLN Options editor. Q: How will you divide your responsibilities as co-CEOs between you? Amy: Each of us has some distinct strengths that complement each other. Paul is shouldering the majority of client contact while my strengths lie more in the…

Interview: Russell Rhoads, CBOE Options Institute Standard

An Interview with Russell Rhoads, CFA , instructor at the CBOE Options Institute Options education is one of the biggest drivers of increased options trading volumes in the U.S., and the CBOE Options Institute is one of the leaders in that arena. JLN Options editor Sarah Rudolph spoke with Russell Rhoads about how the Institute’s program for college and graduate school students works and what they are learning. Q: You are in charge of the CBOE Options Institute’s college program. Can you tell us a little about how that program works? A: The idea for the College Day program came…