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Author Archives: Sarah Rudolph

About Author

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

Five Minutes with Jeromee Johnson Standard

Jeromee Johnson

Jeromee Johnson is vice president of market development at BATS Exchange and a leader in developing the BATS Options Exchange. He talked with Sarah Rudolph about BATS Options, the newest of the eight U.S. options exchanges currently operating. Q: Can you give us an update on what’s going on at BATS? A: We just completed the last of our rollout in mid-May following the last wave of options symbology consolidation. We added the last of our formally planned listings, bringing us to offering listed options on close to 2200 underlyings. Following that, in the beginning of June we lifted our…

Five Minutes with Gina McFadden Standard

Gina McFadden

Gina McFadden is president of the Options Industry Council and executive vice president, industry services at The Options Clearing Corporation (OCC). She also sits on the steering committee of Women in Listed Derivatives (WILD), founded by Leslie Sutphen and Jessica Titlebaum. She sat down with Sarah Rudolph at the OIC’s offices in Chicago shortly before the IDX FIA/FOA International Derivatives Expo. Q: You are going to attend the IDX conference in London on June 8 and 9. What will you be doing at the conference? A: We’ll be attending the program, including the clearing panel, where Mike Walinskas [OIC senior…

Five Minutes with Rex Jones Standard

Rex Jones is the product manager in German interest rate options at Eurex. JLN Options Newsletter editor Sarah Rudolph spoke with him about the recent launch of options on the VSTOXX index and what’s next for the exchange’s volatility and variance products. (“The VSTOXX Index is based on EURO STOXX 50 realtime options prices and is designed to reflect the market expectations of near-term volatility by measuring the square root of the implied variance across all options of a given time to expiration.” – STOXX web site) Q: When did Eurex launch options on the VSTOXX index? A: We launched…

Five Minutes With Gary Katz Standard

Gary Katz is president and CEO of the International Securities Exchange (ISE), this year’s host of the Options Industry Conference in Phoenix, Arizona. The interview was conducted two days before the conference by Sarah Rudolph. Q: As the 28th annual Options Industry Conference gets underway in Phoenix, there are a number of important issues facing the industry, including some potentially big regulatory changes. ISE is hosting the conference this year. What do you expect will be the hot topics at the conference? A: We’re very excited about the conference; I think we’re close to the record for attendees…more than 500…

Five Minutes with Larry Arnowitz Standard

Larry Arnowitz is the CEO of Arnowitz Financial Services, an introducing broker. He has been in that role since May 2008. Before starting Arnowitz Financial Services, Arnowitz was the CEO of GNI Inc. from July 1988 – May 2003. He spoke with Sarah Rudolph about what it was like to be in the forefront of electronic trading, the pleasures of building and running one’s own business, and the next chapter in life. Q: How did you get your start in the business? A: I started out as a runner for Refco in 1981 on the floor of the Merc (Chicago…

Five Minutes with Philip Gocke Standard

Philip Gocke is managing director of institutional education for the Options Industry Council. In that role, he develops and implements research and education for institutional investors to help them understand how they might best use options. He is also president of Brite Sky LLC, the personal options trading firm he founded and runs from Philadelphia. He spoke with JLN Options editor Sarah Rudolph about his start in the business, high frequency trading and good books. Q: How did you begin your career in options? A: I was at the Federal Reserve and when left I joined Bank of America and…

An Interview with Philip Gocke Standard

Philip Gocke is managing director of institutional education for the Options Industry Council. In that role, he develops and implements research and education for institutional investors to help them understand how they might best use options. He is also president of Brite Sky LLC, the personal options trading firm he founded and runs from Philadelphia.  He is interviewed by Sarah Rudolph.SR:  How did you begin your career in options?PG: I was at the Federal Reserve and when left I joined Bank of America and ran their advisory service for corporations that traded foreign currencies. I was transferred to their world…

An Interview with Darrin Machay, Architect at YJT Solutions Standard

Darrin Machay, Architect at YJT Solutions, a Chicago-based technology consulting firm, recently spoke with Sarah Rudolph about some of the biggest technology challenges facing the options industry.SR: How long have you been at YJT? Machay: I’ve been at YJT over a year now. I remember the day I started here, September 15, 2008, because the markets had started going crazy — my first week here. I witnessed firsthand the intense, immediate response level to our clients, and it was pretty impressive. SR: What brought you to YJT? Machay: I wanted to get into a firm where I’d be working on…

An Interview with Tony McCormick, CEO of BOX Standard

Tony McCormick took over as head of the Boston Options Exchange (BOX) in October as the exchange decided to revamp its model to focus on retail rather than institutional trade and to abandon the maker-taker model. He came to BOX with many years of experience in the options industry, having been vice president of equity options at Charles Schwab for 11 years as well as serving on the boards of the Chicago Mercantile Exchange, the Chicago Stock Exchange and the Chicago Board Options Exchange. He spoke with Sarah Rudolph about some of the issues facing BOX and the options business….