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Daily email newsletters from the John Lothian News staff.

Big FX bets bunched around Jackson Hole meeting; Options trader gets 1.5 years in prison; VIX Options Volume Record Standard

Observations & Insight No, Not the VIX – the VSTOXX Sarah Rudolph – JLN Even your dog has heard of the VIX, the Chicago Board Options Exchange‘s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at…

Deutsche Börse probe widens; DRW to Buy HFTer RGM; Trump’s business councils fall apart Standard

First Read No, Not the VIX – the VSTOXX Sarah Rudolph – JLN Even your dog has heard of the VIX, the Chicago Board Options Exchange‘s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at a…

DRW to Buy HFTer RGM; Tabb Options LiquidityMatrix; Investors remain bearish on volatility Standard

Observations & Insight Why You Should Bet Your Career on Chicago FinTech – Michael Kraines Education.MarketsWiki.com “Twenty years ago it was about consolidation. It was about exchanges being smashed together and brokerages being smashed together. Now it’s going to be about technology being added to these traditional, old school businesses.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Michael Kraines, chief financial officer and chief commercial officer of Trading Technologies, discusses the growing Chicago fintech landscape and why the field can be a solid career choice. Kraines points out investment in Chicago fintech in the first…

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown Standard

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…

Plummeting Volatility Gauges Mask Lingering Fears in Options; Some Soros Fund holdings may profit if stocks fall – SEC filings; Massachusetts regulator investigates trade order ‘kickbacks’ Standard

Lead Stories Plummeting Volatility Gauges Mask Lingering Fears in Options Luke Kawa – Bloomberg The sharp drop in volatility may hide the extent to which U.S. stock market fears still persist. So says Macro Risk Advisors head of derivatives strategy Pravit Chintawongvanich, who has zeroed in on September VIX call options with a strike price of 20 to show that there are still concerns about a sharp selloff in the near future. jlne.ws/2w6J83j ***JB: Bloomberg chart suggesting something similar. Some Soros Fund holdings may profit if stocks fall: SEC filings Trevor Hunnicut – Reuters Soros Fund Management LLC, whose billionaire…

Tokyo Stock Exchange takes aim at Japan’s corporate ghosts; U.S. Default? Unlikely, But Bond Traders Are Taking No Chances; Deutsche Börse CEO Looks to Cut Deal Standard

Tokyo Stock Exchange

First Read Hits & Takes Our video today from MarketsWiki Education World of Opportunity Chicago 2017 features NFA President and CEO Tom Sexton.~JJL There is a signup form on the Upcoming Events page of the MarketsWikiEducation.com site for college students to sign up for our MarketsWiki Education Recruiting event on the afternoon of October 16 at the CBOE.~JJL Spencer Doar, Mike Forrester and John Lothian will be in Washington, DC from September 12 to 15 for the Securities Traders Association annual regulatory conference.~JJL Today we have a blog from Jim Falvey about cryptocurrencies and distributed ledger technology. See it below.~SR…

Mystery trader ’50 Cent’ made $21 million from stock market meltdown Standard

Observations & Insight Change the Game – Tom Sosnoff Education.MarketsWiki.com “The U.S markets are the global hub of liquidity. That’s why they’re so wonderful. So when you get truly liquid markets, you have very accurate expected value.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Tom Sosnoff, co-CEO of tastytrade, maps out the importance of decision making. Trading is one of the few industries where you have the ability to make an unlimited number of decisions with both emotional and monetary outcomes. Sosnoff says the most important thing you can do as a recent graduate is…

Tudor and Brevan Howard abandon Mifid; Bitcoin Surges Past $4,000 on Speed Breakthrough; Barclay CTA Index gains 0.64 per cent in July Standard

First Read Hits & Takes By JLN Staff Former John Lothian News contributor Carlise Newman, who worked on the John Lothian Newsletter in the pre-MarketsWiki era, passed away late last year. Former Dow Jones reporter Howard Packowitz recently shared this news on Facebook. We were sorry to hear of her passing.~JJL If you haven’t watched Tom Sosnoff’s take on why passive investing is the worst thing to happen to investors, you can catch it in today’s featured video from our MarketsWiki Education event in Chicago this month.~JK FIA Expo will be in Chicago before you know it. October 17 to…

VIX’s Highest Close Since Election Sparks Record Rush to Protect; Investors ponder further shocks after North Korea jolt Standard

Observations & Insight Seeking Opportunity Everywhere in the Market – JJ Kinahan Education.MarketsWiki.com “The greatest expression I’ve ever heard is, ‘The harder I work, the more opportunity I get.’” In this video from MarketsWiki Education’s World of Opportunity event in New York, JJ Kinahan, managing director and chief market strategist at TD Ameritrade, talks about seizing opportunity in every corner of the markets. Kinahan grew up in a large Irish-American family, and figured he would become a carpenter or an electrician. Instead, he landed a job at the CBOE one summer and never looked back. Kinahan says in the early…