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Daily email newsletters from the John Lothian News staff.

Kessler Topaz, Quinn Emanuel To Lead VIX MDL; Goodbye MANA Partners Standard

Lead Stories Kessler Topaz, Quinn Emanuel To Lead Volatility Index MDL John Petrick – Law360 (SUBSCRIPTION) An Illinois federal judge on Thursday appointed Kimberly A. Justice of Kessler Topaz Meltzer & Check LLP and Jonathan C. Bunge of Quinn Emanuel Urquhart & Sullivan LLP as lead co-counsel in multidistrict litigation over alleged Chicago Board Options Exchange’s volatility index manipulation. /goo.gl/yHqLZu Good-bye MANA Partners Volatility Futures and Options MANA Partners, a much-hyped trading firm founded by Manoj Narang (ex-Tradeworx) is in a total tailspin after launching trading in January 2017. bit.ly/2MUQuvq Trump asks SEC to mull half-year corporate filings vs. quarterly…

NYSE vet Peggy Sullivan joins exec team at Vela; Nvidia’s Crypto Business Dries Up Standard

First Read Hits & Takes JLN Staff SGX reported an open interest record in its USD/CNH futures contract on August 16 of 49,631 contracts, with a notional value of $4.96 billion.~JK The WILD Chicago Event: Sexual Harassment at work in the #MeToo Era, which was originally scheduled to take place August 16, has been rescheduled for October 4, 2018. The event, presented by Women in Listed Derivatives, will be conducted by Jennifer Schoen Gilbert of Stowell & Friedman, Ltd., a law firm dedicated to defending employees’ civil rights including against sexual harassment. The workshop will provide an open ended discussion…

Tradeweb Adds Options RFQ Functionality; Volcker Rule Revision Update Standard

Observations & Insight Thursday’s Grab Bag Spencer Doar – JLN Remember how that LJM fund went kaput in epic fashion in February? Remember how the gargantuan loss prompted a whole bunch of investor lawsuits? Well, here’s the update: the lead plaintiffs need to file their class action complaint today. (As of publishing time, it does not appear available.) The defendants need to respond to that complaint by October 1. If defendants move to dismiss, then the ball is back in the plaintiffs’ court to respond by November 5. The OCC will be performing system maintenance on Sunday – MyOCC and…

The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks; Big Ag Firms Face New Threat Standard

First Read Hits & Takes JLN Staff Bailey Kessing of Trillium is the focus of today’s video from our MarketsWiki Education World of Opportunity series in New York. I believe Bailey is the youngest person we have had as a speaker at our MWE programs. Bailey was also the 2018 winner of the women’s longest drive contest at FIA Boca, which is a first for us too.~JJL One of the highlights of The Voice of Blockchain event next week will be a presentation from Brittany Kaiser, the whistleblower who helped expose the abuse of Facebook data by Cambridge Analytica. The…

July Options Market Quality Best in 5 Years; Cboe delays FLEX rule Standard

Observations & Insight Significant short-term market impact to no-deal Brexit – Hunt Gederts Gelzis – Reuters The short-term market impact will be significant if Britain leaves the European Union without a deal, Foreign Secretary Jeremy Hunt said during a visit to Latvia on Wednesday. /reut.rs/2PbRigX ****SD: Not that this isn’t important to note, but I wouldn’t have this as high up if it weren’t for the great picture of Jeremy Hunt that accompanies the story. Lead Stories July Options Market Quality Best in Almost 5 Years TABB Forum Options LiquidityMatrix The average bid/ask spread in July narrowed, from 0.26 in…

RJO hires Stephen Brodsky; Economists warn on US corporate giant dominance Standard

First Read Hits & Takes JLN Staff Don’t miss the profile of Stacey Cunningham, the first female president of the New York Stock Exchange, in Time Magazine.~JJL Longtime options industry executive Kevin L. Murphy has written a new book, The Three Rooms, which focuses on helping increase awareness of your own thoughts and emotions. Can’t wait to read it.~JK Joe Lubin, Ethereum’s cofounder, was on Bloomberg talking about the future of transaction speeds and other things – the story is in the newsletter. But if you want some hot gossip on Lubin and other Ethereum insiders, check out the Mechanical…

Controversial US derivatives rules resurface; Options transparency problems Standard

Observations & Insight Tuesday’s Miscellany Spencer Doar – JLN Via Jim Kharouf – Longtime options industry executive Kevin Murphy has written a new book, The Three Rooms, which focuses on helping increase awareness of your own thoughts and emotions. Can’t wait to read it. E*TRADE reported its July activity. DARTs were down 8 percent from June but up 20 percent from a year ago. Derivatives represented 34 percent of DARTs. A PowerPoint presentation from the CAT NMS, LLC Operating Committee covering recent Consolidated Audit Trail updates can be found here. Employee stock options are not normal fodder for this newsletter,…

Ether Tumbles Amid ICO Concerns; Shale boom zaps volatility in US nat gas Standard

First Read Cinnober’s new CEO will have to consider the next move Jim Kharouf, JLN The news that Veronica Augustsson was out as CEO of Cinnober Financial Technologies and newcomer Peter Lenardos was in was a shock. Augustsson, who had been CEO the past six years and with the firm since 2002, grew up with the company and reached a pinnacle few women ever reach. She did so with warmth and a friendly smile, but she also had a vision to diversify the company into a variety of sectors beyond its core business of real-time clearing, risk and surveillance systems…

OCC’s move to ‘Cover 2’ won’t cost members more, CRO says Standard

Observations & Insight The Spread – 8/10 – Pump up the Vol(ume) JohnLothianNews.com In this week’s recap of happenings in the options world we delve into some confusing terms, Spinal Tap and Recep Erdogan’s plight. Watch the video and see the stories referenced here » ++++ Turkey’s Collapse Sinks Emerging Markets on ‘Manic Monday’ Rita Nazareth and Ben Bartenstein – Bloomberg (SUBSCRIPTION) Turkish measures could be too little, too late, analysts say; Argentine century bond yield surges to 10% as peso tumbles Turkey’s market carnage rippled across emerging markets, sending both stocks and currencies toward their lowest levels in a…