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Category Archives: Options

Options news updates from John Lothian News.

JLN Options: ISE to List Options on Facebook on May 29 Standard

Lead Stories> ISE to List Options on Facebook on May 29 NEW YORK, May 15, 2012 – The International Securities Exchange (ISE) today announced that it will list options on Facebook (ticker: FB) beginning on Tuesday, May 29. Citadel Securities LLC will serve as the Primary Market Maker for Facebook at ISE. The options listing date is contingent on a successful completion of Facebook’s initial public offering on Friday, May 18.  http://jlne.ws/KLQLfj (PDF) CBOE Information:The CBOE has not put out a press release regarding options on Facebook, but has released the following information:If Facebook launches its IPO on Friday, May 18,…

JLN Options: BOX considers after-hours options trading Standard

Lead Stories BOX considers after-hours options trading  By Telis Demos in New York and Hal Weitzman in Chicago, FT.comTraders could get the chance to buy and sell US stock options after the closing bell, under a plan being developed by a US exchange. Tony McCormick, chief executive of the BOX Options Exchange, told the Financial Times that development of an after-hours platform is still in ”very early stages”.“It exists for stocks, why not a subset of the options world? Electronic trading firms already accept some orders after-hours,” said Mr McCormick.  Unlike in equities, where exchanges offer after-hours trading, the options…

JLN Options: ISE Elects New Member to Board of Directors Standard

Lead Stories ISE Elects New Member to Board of Directors NEW YORK, May 11, 2012 – The International Securities Exchange (ISE) today announced that Sylvain Mirochnikoff was elected by the Board of Directors for a one-year term to fill a vacancy. Mr. Mirochnikoff, who is Managing Director of the Institutional Equity Division for Morgan Stanley, will serve as an industry director representing ISE’s Primary Market Makers (PMMs). In addition, Michael Juneman, a Managing Director at Citadel Derivatives Group LLC, was re-elected as the other PMM representative on ISE’s Board. Timothy Brennan, the Head of Automated Market Making at Ronin Capital,…

JLN Options: NYSE Does Away With Most of AMEX Brand Standard

Lead Stories  NYSE Does Away With Most of AMEX Brand Tommy Fernandez, Securities Technology MonitorNYSE Euronext (NYX) is renaming the small cap equities market NYSE Amex to NYSE MKT, effective May 14, 2012, subject to SEC filing.NYSE MKT’s associated options market will continue to do business under the name NYSE Amex Options.“NYSE MKT is a fully integrated trading venue within the NYSE Euronext community and the new name reinforces that fact,” said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution at NYSE Euronext, in a statement. “The venue is dedicated to growth-oriented companies in the U.S., and…

JLN Options: A Chat with Russ Chrusciel, Head of Sungard Valdi Options Standard

A Chat with Russ Chrusciel, head of Sungard Valdi Options On April 30, Sungard announced that its Valdi Options Risk Manager now supports options traded on international exchanges. JLN Options editor Sarah Rudolph spoke with Russ Chrusciel, the head of Valdi Options U.S., at the Options Industry Conference last week in New Orleans about the recent changes to the Valdi offering and the prospects for the options exchange space in the coming years. Q: What is the role of Sungard Valdi Options? A: We work with options traders and risk managers to create options risk management solutions, options valuation solutions,…

A Chat with Russ Chrusciel, head of Sungard Valdi Options Standard

On April 30, Sungard announced that its Valdi Options Risk Manager now supports options traded on international exchanges. JLN Options editor Sarah Rudolph spoke with Russ Chrusciel, the head of Valdi Options U.S., at the Options Industry Conference last week in New Orleans about the recent changes to the Valdi offering and the prospects for the options exchange space in the coming years. Q: What is the role of Sungard Valdi Options? A: We work with options traders and risk managers to create options risk management solutions, options valuation solutions, and solutions that serve the needs of general options traders….

JLN Options: Exchanges Plan Mini Contracts Amid Record Share Prices Standard

Lead Stories Exchanges Plan Mini Contracts Amid Record Share PricesBy Nina Mehta and Nikolaj Gammeltoft, BloombergExchanges seeking to feed demand for options after trading reached a ninth straight annual record are asking regulators to approve smaller contracts, concerned the highest stock prices on record make some of them too expensive.Apple Inc. (AAPL) (AAPL)’s 40 percent gain this year to $568.18 yesterday meant it cost $2,455 to buy a call (AAPL) expiring in June with a strike price of $565, data compiled by Bloomberg show. Google Inc. (GOOG) (GOOG)’s $612.79 share price required a $2,060 investment for one contract giving the…

JLN Options: Flash-Crash Story Looks More Like a Fairy Tale Standard

Lead Stories Flash-Crash Story Looks More Like a Fairy Tale By Mark Buchanan, BloombergMay 7, 2012 6:00 PM CTTwo years after the frightening spring day when the Dow Jones Industrial Average lost and regained about 600 points in a matter of minutes, we still don’t really know why. This is a problem, because it means something similar — or worse — could happen again. The Flash Crash of May 6, 2010, was more than a mere technical glitch. A hedge fund in Dallas lost several million dollars when the price of options it was buying suddenly spiked from 90 cents…

JLN Options: CBOE Must Face Patent Claim on Options-Trading System Standard

Lead Stories CBOE Must Face Patent Claim on Options-Trading System By Susan Decker, BloombergCBOE Holdings Inc. (CBOE)’s Chicago Board Options Exchange must face patent-infringement claims brought by International Securities Exchange over an automated system for trading options contracts, a U.S. appeals court said. The U.S. Court of Appeals for the Federal Circuit said today a trial judge erred in interpreting key aspects of the ISE patent, and remanded the case for further proceedings. The lower court had ruled that CBOE’s Hybrid Trading System didn’t infringe the patent.CBOE sued ISE in 2007 after it received a letter from ISE demanding that…