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Category Archives: Options

Options news updates from John Lothian News.

Five Minutes with Randy Frederick Standard

Randy Frederick, Director of Trading and Derivatives at Charles Schwab & Co., is the company’s options guru. He sat down with MarketsWiki’s Jessica Titlebaum to discuss his ascent into the options space, the difference between equity and options traders and why he is so passionate about this industry. Q. Did you have any mentors throughout your career? Greg Miller was someone I aspired to be like. He worked at Schwab when I was a broker and a manager in Indianapolis. He was the Options Guru, the guy that came around and taught everyone about options, and I was one of…

Five Minutes with Chris Nagy Standard

Chris Nagy is managing director, order routing sales and strategy for TD Ameritrade, focused on options. He will be one of the speakers on a panel on “Market Structure” at the 2010 Equity Options Conference in New York on October 5. He spoke with MarketsWiki’s Sarah Rudolph about his thoughts on proposed regulations, the importance of exchange fees, the “flash crash”, and what inspired him in choosing his career path. Q: The panel you are speaking on at the Equity Options Conference will focus on some regulatory issues facing the industry – including rules on flash orders, circuit breakers, sponsored…

An Interview with Ed Boyle, Executive VP NYSE Euronext Standard

Edward G. Boyle is executive vice president of NYSE Euronext, which operates the NYSE Arca and NYSE Amex options exchanges. He also represents NYSE Euronext on the board of directors of the Options Clearing Corporation. He spoke with Sarah Rudolph in advance of the 2010 New York Equity Options Conference on October 4th and 5th. Q: You are going to be one of the speakers on a panel at the FIA-OIC Conference in New York called “The Outlook for U.S. Equity Options Markets.” What are the most important subjects the panel is likely to touch on?A: The most important subject…

Five Minutes with Eric Noll Standard

Eric Noll

In July 2010, it was reported that NASDAQ OMX Options finished the month with a combined 25.88% U.S. equity options market share – the highest in the industry. NASDAQ’s Executive Vice President of Transaction Services, Eric Noll, sat down with JLN’s Jessica Titlebaum to discuss developments on their PHLX and NOM platforms as well as in the Options space and why he considers his new position at NASDAQ like a homecoming. Q. As Executive Vice President of Transaction Services at NASDAQ, what are some of your responsibilities? A. My responsibilities include what I call operating the day-to-day exchange platforms. I…

Interview: Brandy Patterson Standard

Brandy Patterson is managing director for NYSE Arca and NYSE Amex, the two options exchange arms of NYSE Euronext. She is in charge of electronic trading and client support for those exchanges. She spoke with Sarah Rudolph about the transition from floor to electronic trading, the challenges of running two electronic exchanges, and what’s ahead for Arca and Amex. Q: You started out on the floor of the Pacific Stock Exchange (now Arca) in 1998. What was your personal experience in making the transition from floor trading to electronic trading of options? A: I didn’t set out to get into…

Interview: Bud Haslett of CFA Institute Standard

Bud Haslett is head of Risk Management, Derivatives and Alternative Investments at CFA Institute, a global, not-for-profit association of investment professionals that awards the CFA and CIPM designations. Haslett joined CFA Institute in April of 2009. He was previously CEO of Miller Tabak Capital Management, where he provided option-based money management services. He spoke with Sarah Rudolph about options education, strategies, and expansion in Asia. Q: In your role at CFA Institute, how are you involved with options as a method of risk management?A: I spent 20 years as an options market maker, so I had a strong foundation in…

Interview: Jeanine Hightower of ISE Standard

Jeanine Hightower is head of options business development at the International Securities Exchange. She spoke with Sarah Rudolph about forthcoming technology changes and products at ISE. Q: How long have you had your present title? A: Since the beginning of this year. Before that I held two other roles at ISE. I started six years ago as a relationship manager covering our market makers and EAMs [electronic access members, which are ISE’s non-market maker participants]. In the summer of 2006 I was promoted to director of business development, responsible for member relationships and business development, with a team reporting to…

Five Minutes with Jeromee Johnson Standard

Jeromee Johnson

Jeromee Johnson is vice president of market development at BATS Exchange and a leader in developing the BATS Options Exchange. He talked with Sarah Rudolph about BATS Options, the newest of the eight U.S. options exchanges currently operating. Q: Can you give us an update on what’s going on at BATS? A: We just completed the last of our rollout in mid-May following the last wave of options symbology consolidation. We added the last of our formally planned listings, bringing us to offering listed options on close to 2200 underlyings. Following that, in the beginning of June we lifted our…

Five Minutes with Gina McFadden Standard

Gina McFadden

Gina McFadden is president of the Options Industry Council and executive vice president, industry services at The Options Clearing Corporation (OCC). She also sits on the steering committee of Women in Listed Derivatives (WILD), founded by Leslie Sutphen and Jessica Titlebaum. She sat down with Sarah Rudolph at the OIC’s offices in Chicago shortly before the IDX FIA/FOA International Derivatives Expo. Q: You are going to attend the IDX conference in London on June 8 and 9. What will you be doing at the conference? A: We’ll be attending the program, including the clearing panel, where Mike Walinskas [OIC senior…