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Category Archives: Options

Options news updates from John Lothian News.

Virtu and KCG – A Tale of Technical Leverage?; Cowen in talks to buy Convergex; Wall St volatility gauge closes at highest level of 2017 Standard

Observations & Insight Bits & Pieces By John J. Lothian John Lothian News has learned that OCC President and COO Mike McClain has resigned and left the organization. His last day was two days ago when the OCC held a goodbye event in Chicago. The official narrative is that he left for personal reasons, including the continued attention to his wife, who is battling illness. Other sources have cited the high turnover the OCC has seen in recent years and some of the pressures at the core of that for McClain’s departure. McClain had been with the OCC for 15…

US Options Volume Slips in February as Volatility Retreats Further ; ‘Crisis fatigue’ on show as hedging absent in face of stock shock; Suddenly, stock-market investors fear Trump will drop the fiscal-policy baton Standard

Observations & Insight Getting The View From the Top By Jim Kharouf, JLN Today we begin our annual Exchange Leaders Series – video interviews shot at the FIA Boca 2017 conference last week. We unofficially led off with CME’s Terry Duffy before the conference (part 1 here and part 2 here). ICE Chairman and CEO Jeff Sprecher leads off our series with his thoughts about where the industry is going in terms of data and analytics. This is a company that has invested billions into the data and analytic space in the past few years, culminating with the $5.2 billion…

Blame options expiration, not politics, for stock-market pullback, says top quant; Lessons From The greatest macro trader you’ve never heard of; What to Make of the Lowest VIX Ever Standard

Observations & Insight Westminster attack: man shot after police officer stabbed and several injured in related incident – live updates The Guardian /goo.gl/nzJxlT ****SD: Much is still unknown about what exactly happened in London today. The link above is a good resource and provides up-to-date details about the apparent terrorist attack. ++++++ FIA 2016 Year in Review FIA I’m proud to share with you FIA’s 2016 Year in Review, detailing the work we have done on behalf of our industry and membership over the past year. This year, we’ve introduced a new format for the annual report that allows you…

Sterling Trading Tech to Acquire CBOE’s Livevol X Trading Platform; Teza sells high-speed trading as lucrative business sours; Placid markets mask investor fear that equity turmoil looms Standard

Observations & Insight Bits & Pieces By John J. Lothian This morning we present the first of our MarketsWiki Education World of Opportunity videos from Stockholm. Peter Fredriksson of Baymarkets is the first up with a story about Stockholm. My phone experienced a series of text messages yesterday as NYSE Arca Equities had electronic trading problems late in the day. Here is the System Status page with the details on the problem. It was ten years ago when I went to the FIA Boca Raton conference with an idea: MarketsWiki. It was there I pitched various firms about the idea….

Cost of Protecting Against Market Swings Is at Its Highest Ever; DRW’s Don Wilson bets on a return to market volatility; Managing Duplicate Reporting Under CAT Standard

Lead Stories Cost of Protecting Against Market Swings Is at Its Highest Ever Cecile Vannucci – Bloomberg While the CBOE Volatility Index declined last week, the cost of protecting against large market swings has surpassed a peak hit following the Brexit vote, reaching a fresh all-time high. bloom.bg/2nWFnFg ****SD: Aka, so quit talking about a low VIX. DRW’s Don Wilson bets on a return to market volatility Gregory Meyer and Philip Stafford – Financial Times Don Wilson says his company is “in the business of taking risk”. DRW, named after his initials, is one of the world’s largest proprietary trading…

Markets calm in the face of March madness; For Once, the Fed Is Showing It’s Smarter Than the Markets; Politics Hedges Become Pain Trade for Europe Stock Investors Standard

Observations & Insight Vision: What Richard Sandor Saw And Still Sees In Carbon Markets JohnLothianNews.com Richard Sandor has seen just about everything in his career as the “father of financial futures.” From creating the first interest rate futures contract to founding the Chicago Climate Exchange, he tells it all in his latest book, “How I Saw It: Analysis and Commentary on Environmental Finance”. He spoke with John Lothian News about just how far carbon markets have come since 1999. “It’s amazing to me, where we came from in the last two decades and during the period of this book, from…

OCC Educating Lawmakers on Potential Impact of Tax Reform on Listed Equity Options Market; Low VIX Got You Down? These Fear Gauges May Do the Trick; Does the CBOE takeover of BATS go against the spirit of MiFID? Standard

Lead Stories OCC Educating Lawmakers on Potential Impact of Tax Reform on Listed Equity Options Market Craig Donohue – OCC Last November?s national election results brought dramatic change to Washington, D.C., not only in the White House, but also on Capitol Hill. One of the areas that OCC and the U.S. Securities Markets Coalition has been paying close attention to is the issue of comprehensive tax reform and its potential impact on the U.S. listed equity options markets. Over the past three years, policymakers from both parties have proposed a variety of financial product tax reform proposals that could impact…

Traders Pile On Long Positions As Nifty Hits Lifetime High; China to Allow Onshore Bond Buying via Hong Kong This Year; Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges Standard

Lead Stories Traders Pile On Long Positions As Nifty Hits Lifetime High Agam Vakil – Bloomberg The Nifty 50 index advanced 1.7 percent on Tuesday hitting a new lifetime high of 9,122 on an intraday basis and even managed to close above the 9,000-mark for the first time on record. The index, which was trading in a tight range for the last couple of weeks, soared to record highs after Prime Minister Narendra Modi’s party secured an impressive mandate in the country’s largest state. bit.ly/2n0dFu6 China to Allow Onshore Bond Buying via Hong Kong This Year Bloomberg China will allow…

The FBI is Organizing an International Fight Against Binary Options Fraud; Volatility, Stocks in Strange Dance; Wall Street lower as oil drop hits energy stocks – Fed eyed Standard

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