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Category Archives: Options

Options news updates from John Lothian News.

An Interview with Nick Cherney, CIO of VelocityShares Standard

Nick Cherney is cofounder and CIO of VelocityShares, LLC, a company founded in 2009, which develops exchange-traded products for sophisticated traders. Its first product offerings are exchange-traded notes (ETNs) based on the VIX volatility index. He spoke with JLN Options editor Sarah Rudolph about the company and the popularity of VIX-based products. Q: Could you talk a little about the ETP (exchange traded product) market?  A: The first ETFs were listed over ten years ago and there are now more than 1,000 exchange traded products offered, with over 1 trillion in assets, in the ETP space in the U.S. It’s…

Five Minutes with Jack Boyle, Newedge Senior Director, Financial Futures and Options Execution Standard

Jack Boyle is Senior Director, Financial Futures and Options Execution, at Newedge, a financial services group formed from the merger of Fimat and Calyon Financial. He spoke with JLN Options editor Sarah Rudolph about his new role at Newedge and about the forthcoming Market Access Rule. Q: How long have you been with Newedge? A: About eight weeks. It has been good so far. It’s a very forward thinking company. They really go out of their way to be a leader in the industry. Q: In your current role, you are focused on Newedge’s options order routing system. What are…

Mary Savoie of the Options Industry Council Standard

An Interview with Mary Savoie of the Options Industry Council Mary Savoie was recently named executive director of the Options Industry Council (OIC). She is also first vice president, Industry Services for OCC. She spoke with JLN Options editor Sarah Rudolph about her new role and OIC’s educational efforts. Q: How will your role change with your recent promotion to executive director of the Options Industry Council? A: I’ll be taking on more high-level management responsibilities and be more involved in our international programs as well as overseeing continued growth in the existing programs. Q. Can you tell me more…

Five Minutes with Jim Seligman, Beta Manager at MEB Options Standard

Jim Seligman is Beta Manager and a senior strategist at MEB Options, an institutional commissioned brokerage firm located in Chicago, New York, and Philadelphia. JLN Options editor Sarah Rudolph met up with him at the Options Industry Conference in Savannah to discuss the release of ‘Click to Trade’, MEB Options’ new proprietary technology designed for its clients. Q: MEB announced a new product to coincide with the Options Industry Conference in Savannah. Could you discuss the announcement? A: ‘Click to Trade’ is our new proprietary technology, and we’re rolling out 2.0 on Monday. It’s not a no-touch solution; it’s a…

A talk with Fraser Reid, Vice President, North America at Actant Standard

Fraser Reid is vice president, North America at Actant, a privately held software company founded in 1998 and headquartered in Zug, Switzerland. He met with JLN Options editor Sarah Rudolph at the Options Industry Conference in Savannah to talk about Actant’s newest product and the challenges in a changing options industry. Q: Tell me a little about Actant? A: We’ve been in the business of solutions for options for more than ten years, at least five or six of those in the U.S. in a dominant fashion. We were first to go to the trading floors as a vendor when…

Five Minutes with David Stocken Standard

David Stocken

David Stocken is Senior Manager, Institutional Sales, at the Australian Securities Exchange (ASX). He sat down with Sarah Rudolph at the Options Industry Conference in Savannah to talk about some recent changes to ASX’s market structure and opportunities for US institutional investors to trade ASX options. Q: Tell me a little about what you guys are doing at ASX? A: The Australian Exchange is at the conference for two reasons. We want to promote the SEC relief that we have over our market and we want to promote some significant market structure changes we have recently made. ASX has received…

Interview: Lawrence G. McMillan, 2011 Sullivan Award recipient Standard

Interview: Lawrence G. McMillan, 2011 Sullivan Award recipient Lawrence G. (“Larry”) McMillan is this year’s recipient of the Joseph W. Sullivan Options Industry Achievement Award, to be presented at the 29th Annual Options Industry Conference in Savannah this week. He is also the author of Options as a Strategic Investment and the president of McMillan Analysis Corporation, which he founded in 1991. He spoke with JLN Options editor Sarah Rudolph in advance of the conference, which begins May 12. Q: Congratulations on receiving the Joseph W. Sullivan Options Industry Achievement Award. You will be in good company. You have been…

A Chat with Ed Van, CME Member Standard

CME Group recently announced that they would launch Weekly Options on Agricultural Futures starting May 23. The exchange said the contracts are designed to help users manage existing option positions and give them new opportunities to trade high impact economic events. The new weekly options will be offered for corn, soybeans, and wheat futures. JLN Options editor Sarah Rudolph spoke with Ed Van, a broker in the corn options pit at the Chicago Mercantile Exchange, about how the new products will work and what he thinks they will bring to customers, as well as his experience in the corn options…

A Talk with Jim Lubin, consultant for the CBOE Futures Exchange Standard

Jim Lubin is a consultant with the CBOE Futures Exchange (CFE) focusing on the CTA community and VIX futures. He spoke with JLN Options editor Sarah Rudolph about how managers are using the VIX products in their portfolios, different ways of diversifying, and how the CTA business has changed since the crisis of 2008. Q: What led you to focus on VIX futures? A: During most of my career I have had some involvement with the CTA community. My objective in joining the CBOE and principally the CFE has been to leverage my experience and knowledge within the managed futures…