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Category Archives: Options

Options news updates from John Lothian News.

JLN Options: NYSE CEO Says Takeover Will Be Determined in ‘Next Few Weeks’ Standard

Lead Stories NYSE CEO Says Takeover Will Be Determined in ‘Next Few Weeks’By Whitney Kisling, BloombergThe fate of NYSE Euronext (NYX)’s merger (NYX) with Deutsche Boerse AG (DB1) will be determined in “the next few weeks” as European officials rule whether it will stifle competition, Chief Executive Officer Duncan Niederauer wrote.“We have already produced a clear and articulate response to the commission‘s statement of objections,” Niederauer said in a transcript of a video message to employees filed with U.S. regulators today. “The next few weeks will determine the outcome of this process.”http://jlne.ws/wDkheV Euro zone crisis, MF Global chill trading at…

JLN Options: THE OPTIONS INDUSTRY COUNCIL ANNOUNCES DECEMBER OPTIONS VOLUME DOWN 6% WHILE 2011 VOLUME SETS NINTH CONSECUTIVE RECORD Standard

Lead Stories THE OPTIONS INDUSTRY COUNCIL ANNOUNCES DECEMBER OPTIONS VOLUME DOWN 6% WHILE 2011 VOLUME SETS NINTH CONSECUTIVE RECORD CHICAGO (January 3, 2012) – The Options Industry Council (OIC) announced today that 320,324,954 total options contracts were traded in December, which is a 6.12 percent decrease compared to December 2010 volume of 341,207,420 contracts. Total options trading volume for 2011 came in at 4,562,748,194 contracts, surpassing last year’s record by 17.02 percent when 3,899,068,670 total options contracts were exchanged. Equity options volume was 4,224,604,529 contracts, 17.01 percent higher than the 3,610,436,931 contracts traded the previous year. Trading volume in 2011…

John Lothian News Top Stories of 2011 Standard

John Lothian

We’ve created a list of the five most influential stories of 2011 for each of our newsletters, as well as from MarketsReformWiki, to help define what was a very eventful year across almost every market and industry sector. The year was punctuated by one major story inside another. The bankruptcy of MF Global, which requires its own top five list, became tied to another top story, the European sovereign debt crisis sequel – Greece and Italy. Of course, the downgrade of U.S. debt in August and assorted European states raised the ire of politicians and regulators who called for more…

Interview: Pat Read, Head of Derivatives at ITG Standard

Pat Read joined ITG in 2007, when ITG acquired Red Sky, where he was managing director and co-head of business development. He recently sat down with JLN Options editor Sarah Rudolph to discuss what’s new with ITG and how the company has integrated Red Sky into its operations. Q: Can you talk a bit about what technology services ITG provides? A: ITG has been a leader in the agency-only brokerage space since its inception in 1987, when it rolled out the POSIT crossing network. It has continued to push forward primarily in the institutional equities space. It began its life…

Interview: Daniel Friel, Chief Information Officer of ISE Standard

The International Securities Exchange (ISE) launched its new options trading system on Deutsche Börse Group‘s Optimise trading architecture on April 11, 2011. The rollout of the new system concluded on July 25. At the beginning of November, ISE completed the most recent upgrade to its new trading system based on the Optimise trading architecture. Technology Release 1.6 is the second major enhancement to the system since the completion of its initial rollout in July 2011. JLN Options editor Sarah Rudolph spoke with Daniel Friel, ISE’s Chief Information Officer, about the implementation and upgrade of Optimise and how it has helped…

Interview: A talk with Ed Tilly on taking over as president and COO of CBOE Standard

A talk with Ed Tilly on taking over as president and COO of CBOE On November 1st, CBOE Holdings named Ed Tilly to take over the roles of president and chief operating officer, as the previous president and COO, Edward Joyce, left the post for medical reasons. JLN Options’ Sarah Rudolph spoke with Tilly about his new role and what’s going on with CBOE’s volatility products, the SPXpm on C2, and forthcoming endeavors at the exchange. Q: What will you focus on first in your new role as president and COO? The title is new but many of these responsibilities…

Commentary: SPXpm Options Launch on C2 Standard

Sarah Rudolph

Today is the long-awaited launch of the new SPXpm options on C2, the all-electronic second options exchange created by the CBOE.  The contracts are similar to the CBOE’s benchmark S&P 500 Index options, except that they are electronically traded, are cash-settled, and have a p.m. settlement and European-style expiration. Until today, SPX options were principally traded only on the CBOE floor, and many in the industry saw this launch as C2’s raison d’être. The CBOE is hoping to broaden its customer base with the contracts, which they hope will attract more retail traders.  The contracts are designed to compete with…

Gary Delany – Options Industry Council (OIC) Standard

Gary Delany

JLN Options editor Sarah Rudolph sat down with Gary Delany, Director of European Marketing and Education for the Options Industry Council (OIC), to discuss some of the findings of the study, “European Demand for U.S. Listed Equity Options,” including identifying the biggest users of US options and the barriers to trading. The OIC commissioned study conducted by the TABB Group found strong European demand for US listed options. The study included interviews with 29 participants from a cross section of US and European firms active in the US listed options industry, including broker-dealers, market makers, data providers, hedge funds, and…

Special Report: A Global Economy Pushed To Its Limits Standard

A Global Economy Pushed To Its Limits By: Douglas Ashburn, Contributing Editor Back in 2005, as Alan Greenspan neared the end of his tenure as chairman of the Federal Reserve, he was faced with a situation where the actions of the Fed did not lead to the desired outcome. At the time, Greenspan was in the process of systematically […]