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Category Archives: Options

Options news updates from John Lothian News.

JLN Options: NYSE Euronext Explores Adding Partners To Amex Joint Venture Standard

Lead Stories NYSE Euronext Explores Adding Partners To Amex Joint VentureBy Jacob Bunge Of DOW JONES NEWSWIRES NYSE Euronext (NYX) may add more equity partners to its Amex stock-options exchange, expanding a strategy that has boosted trading volume and turned the platform into the Big Board parent’s largest U.S. derivatives market. Seven banks and trading forms agreed to take a near-50% stake in NYSE Amex in 2009 in return for a steady flow of trading business that has almost doubled contract volume on the former American Stock Exchange, which NYSE acquired a year earlier. NYSE Amex has held conversations with…

JLN Options: NYSE May Appeal If Deutsche Boerse Deal Blocked Standard

Lead Stories NYSE May Appeal If Deutsche Boerse Deal BlockedBy Doug Cameron, The Wall Street JournalThe head of NYSE Euronext (NYX) said the exchange may appeal if European regulators block its planned merger with Deutsche Boerse AG (DBOEF, DB1.XE).The exchanges are lobbying fiercely to preserve the planned pact after European Union antitrust examiners last week recommended that EU commissioners block the deal, on grounds that it would create a monopoly in European listed futures and options trade.“If the deal is blocked we will consider all options, including an appeal,” NYSE Chief Executive Duncan Niederauer said in an interview with Cinco…

JLN Options: A Q&A With CBOE’s CEO Brodsky and COO Tilly Standard

Lead Stories A Q&A With CBOE’s CEO Brodsky and COO TillyBy Peter Chapman, Trader’s MagazineChicago Board Options Exchange chairman and chief executive officer Bill Brodsky and president and chief operating officer Ed Tilly broke bread with the New York City press corps in January in order to update the scribes on the exchange operator’s initiatives. Reporters learned that a quarter of CBOE’s volume came from proprietary products, specifically its index options, but over half its profits. CBOE’s year-old C2 exchange was achieving the company’s goals, the executives said, trading 228,000 contracts per day in last year’s fourth quarter, but they…

JLN Options: SEC Clears Way For NYSE, Deutsche Boerse To Merge Standard

Lead Stories SEC Clears Way For NYSE, Deutsche Boerse To Merge By Jacob Bunge Of DOW JONES NEWSWIRES The U.S. Securities and Exchange Commission on Wednesday approved the proposed merger of NYSE Euronext (NYX) and Deutsche Boerse AG (DB1.XE, DBOEF), while leaving room for the European Union to have final say on the deal. SEC officials approved a raft of rule filings by the NYSE Euronext-owned exchanges like the New York Stock Exchange and NYSE Amex, as well as the Deutsche Boerse-owned International Securities Exchange, relating to a change in ownership that would see the markets move under a new…

JLN Options: Bats Exchange claims its first listings Standard

Lead Stories Bats Exchange claims its first listings KansasCity.com Eight exchange-traded funds from iShares will be the first publicly traded listings on the Lenexa-based Bats Exchange. Bats Global Markets operates the exchange and other markets where shares of public companies, options and other securities trade. The listings are the first in Bats’ competition with the New York Stock Exchange and Nasdaq to be the home market for publicly traded securities. http://jlne.ws/z5wQ1A The Efficiency of the VIX Futures Market: A Panel Data ApproachThe Journal of Alternative Investments The empirical findings support the hypothesis that VIX futures are good predictors of spot…

JLN Options: Nasdaq looks at changing its structure Standard

Lead Stories Nasdaq looks at changing its structureBy Telis Demos in New York and Jeremy Grant in LondonThe Financial TimesNasdaq OMX’s board of directors is discussing the possibility of changing Nasdaq’s leadership structure, which could include Robert Greifeld being named chairman in addition to chief executive, people briefed on the discussions said. The discussion comes as NYSE Euronext and Deutsche Börse’s deal appears at risk of being called off due to strong opposition from antitrust regulators in Europe. It is likely to stoke anticipation that Mr Greifeld may be trying to clear a way for a potential merger to capitalise…

JLN Options: VIX Had Smallest Intraday Range Ever! Standard

Lead Stories VIX Had Smallest Intraday Range Ever!Wall Street Sector Selector January 11, 2012 3:44 pmBill Luby: If ever there was a day to be short the volatility of volatility, it was today. In fact, today established a new record for the smallest (in percentage terms) intraday range for the VIX (NYSEARCA:VXX), a mere 1.14%.   For those who are curious (and I know you are out there), the previous record of 1.24% dates from August 29, 2003.http://jlne.ws/zxrm8MTraders’ New Cry: See You in a Week By CHRIS DIETERICH, WSJ.com ‘Short-Term’ Options Bet on a Stock’s Action in a Handful of Days…

A Talk with Mark Abssy, Senior Index & ETF Manager at ISE, on the SPY Bear and Bull Option Overlay Indexes Standard

A Talk with Mark Abssy, Senior Index & ETF Manager at ISE, on the SPY Bear and Bull Option Overlay Indexes On December 5, 2011, the International Securities Exchange (ISE) announced that it had created two new indexes, the ISE SPY Bear Options Overlay Index (VCS) and the ISE SPY Bull Option Overlay Index (VPS). The indexes track the performance of a portfolio of vertical call or put spread strategies based on the SPDR S&P 500 ETF. JLN Options editor Sarah Rudolph spoke with Mark Abssy, Senior Index & ETF Manager for ISE, about how the indexes work, what makes…

JLN Options: CBOE Eyes New Futures On Equities, Bond Yields, Commodities Standard

Lead Stories CBOE Eyes New Futures On Equities, Bond Yields, Commodities By Jacob Bunge, Of DOW JONES NEWSWIRESThe parent of the Chicago Board Options Exchange is exploring ways to broaden its small U.S. futures market with contracts linked to stocks, bond yields and commodities, according to an executive.CBOE Holdings Inc. (CBOE), which runs the largest U.S. options exchange by contract volume, is looking for ways to bulk up in proprietary futures contracts that carry higher trading fees than stock options.The eight-year-old CBOE Futures Exchange does most of its business in futures linked to the CBOE Volatility Index, or VIX, the…