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Category Archives: Options

Options news updates from John Lothian News.

Interview: Paul Georgy, President of Allendale, Inc. Standard

Paul Georgy is president of Allendale, Inc., a global agricultural advisory and research firm. He also represents the introducing broker community on the board of directors of National Futures Association. He also serves as a member of the NFA Executive Committee. Georgy is a former president of the National Introducing Brokers Association and is a member of its Honors Circle. He spoke with JLN Options editor Sarah Rudolph about how the use of options on agricultural commodities has been changing and evolving. Q: How are commercial users using options now? A: They use options in combination with the futures markets…

Five Minutes with Andy Nybo of TABB Group Standard

Andy Nybo is principal and head of derivatives at the TABB Group. He also serves as a lead consultant for derivatives-related consulting assignments and provides counsel to clients on the use of technology on derivatives trading desks. He has more than 25 years of experience in the global capital markets. His published research includes: “Exchange-Traded Equity Derivatives: The Buy-Side’s Increasing Exposure”; “Cross-Asset Trading Systems: Controlling the Trader’s Desktop”; and “Global Exchanges and Depository Receipts: Can They Coexist?” Last week he published a study for TABB on the demand for US options trading in Europe, which can be found here: http://www.888optionsnet.com/select/direct_login.asp?content=doc-european_tabb….

Demand for US Options Increasing in Europe, according to TABB Standard

Demand for US Options Increasing in Europe, according to TABB Report European investors are becoming increasingly interested in trading US listed options, according to the report released yesterday by the TABB Group and the OIC. An estimated 10% of US listed options trading volume originates from investors in Europe and the UK. Institutional traders there in particular have high levels of US equity holdings – about $1.3 trillion in US equity-related securities – and they find the US options strategies useful in managing risk in those holdings. TABB believes those levels of US equity investment will continue to support demand…

Interview: Dan Passarelli Standard

Dan Passarelli is the author of the books Trading Option Greeks and The Market Taker’s Edge and is the founder of Market Taker Mentoring, LLC, which provides options education for traders. In 2005, he joined the Chicago Board Options Exchange (CBOE) Options Institute and began teaching both basic and advanced trading concepts to retail traders, brokers, institutional traders, financial planners and advisors, money managers, and market makers. He has also given webinars for the International Securities Exchange and appeared on The Options Insider’s radio show. Q. A little bit of background: Your web site proclaims that you are a “Market…

The Chicago Way Standard

John Lothian

In Chicago we don’t believe in short selling bans.  If you want to go short, you just walk into the trading pit and put your hands up in the air facing out and yell “SELL 4 at 6,” or something like that.  If you want to sell some futures electronically, you just hit sell on your screen, or lean on the keyboard in the right way.  Or is it the wrong way? We believe short selling is an important part of the market price discovery process.  As I repeat all too often, futures are abut two things: price discovery and risk transfer. …

Anthony McCormick – Boston Options Exchange Standard

Anthony McCormick

Anthony (Tony) McCormick is the CEO of the Boston Options Exchange (BOX). He spoke with JLN Options editor Sarah Rudolph about the role of the PIP (Price Improvement Period) in the recent volume growth at BOX, as well as the exchange’s business model and plans for the future. In July, price-improved contracts averaged 320,461 per day, a 60% increase over the same period last year, with a total savings to investors of $3.9 million in July. Overall average daily volume on BOX in July was 587,386, a 50% increase over the same period last year. BOX introduced the Price Improvement…

Special Report: Markets Struggle with More Downgrades Standard

In the wake of the recent historic news, JLN is putting out this Special Report to highlight some of the top stories from our newsletters. Obama to make statement at 1 p.m. Eastern Robert Schroeder – MarketWatch WASHINGTON – President Barack Obama will make a statement to the press at 1 p.m. Eastern, the White […]

Five Minutes with Tony Saliba Standard

Anthony Saliba is the CEO of LiquidPoint, LLC and executive managing director of BNY ConvergEX Group, LLC, where he manages the options trading platforms for both the buy-side and sell-side investment communities. He is also the founder of Saliba Portfolio Management, L.L.C., founding member of Saliba Partners, L.L.C., an options trading firm on the floor of the CBOE, and founder of International Trading Institute, Ltd., an international derivatives training institution. He served on the CBOE’s board of directors from 1987-1989 and has participated on numerous industry committees. Saliba was the only options trader to be profiled in the best-selling book…

Five Minutes with Tom Sosnoff Standard

Tom Sosnoff is one of the creators of Tastytrade, a new financial network that incorporates a talk show featuring market analysis and trading strategies, as well as chat about everything from celebrity gossip to the panelists’ workout preferences, and a “superstore” that allows members to purchase discount vouchers that save them money on investor education and brokerage and other services. Sosnoff is also known as the founder of Thinkorswim, a specialist options brokerage that he sold to TD Ameritrade in 2009 for $600 million. He spoke with Sarah Rudolph about the new venture, which is based in Chicago. Q: There…