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Category Archives: Options

Options news updates from John Lothian News.

Citadel ups its game; BOX and tZERO plan token exchange Standard

Observations & Insight The Options Industry Leader Series 2018 – Cboe’s Andy Lowenthal Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Andy Lowenthal, Cboe executive vice president and co-head of markets, talks about transitioning Cboe’s exchanges to Bats technology, the plan for more crypto offerings, and bringing the industry together to focus on market structure issues. Watch the video here » Lead Stories Exclusive: Citadel Securities ups ETF game as part of growth push John McCrank – Reuters Citadel Securities LLC has entered the lead market making…

LJM – The Autopsy Standard

LJM Partners

Observations & Insight The Spread – Week of 5/14 to 5/18 JohnLothianNews.com Mexico, Italy, India, Ireland – we’re all over the world in today’s edition of The Spread. Also in this video, Spencer tries to speak Irish Gaelic. Watch the video and see the stories referenced here » Lead Stories LJM – The Autopsy Jeff Malec – Seeking Alpha By now, you’ve probably heard about the stunning losses and subsequent closing of the LJM Preservation and Growth Fund Inst. (MUTF:LJMIX), following the volatility spike in early February which saw the VIX go from 17 to 37, its largest one-day percentage…

NSE derivatives accessible to US clients; Shanghai copper options; Fresh vol bets Standard

Observations & Insight Michael Lewis’ Wall Street Movie ‘Flash Boys’ Heads to Netflix Dave McNary – Variety Netflix has acquired movie rights Michael Lewis’ real-life financial drama “Flash Boys: A Wall Street Revolt” — a project that had been in development at Sony Pictures in 2014. bit.ly/2rTNoOS *****SD: Tagline – “Based on a book that made market makers start calling themselves electronic liquidity providers.” Lead Stories NSE derivatives access to US clients enabled Times of India The National Stock Exchange of India (NSE) on Friday said it has become the first Indian stock exchange to be part-30 exempted by the…

Papal comments; VIX settlement w/o the complaining; Barrier reverse convertibles Standard

Observations & Insight Pope Calls Derivatives Market a ‘Ticking Time Bomb’ Sridhar Natarajan – Bloomberg Warren Buffett once called them “financial weapons of mass destruction.” Now Pope Francis, of all people, is taking aim at derivatives. /bloom.bg/2L65vKa *****SD: I thought Warren Buffett talking to Katy Perry about bitcoin was weird… But then again, I heard the pope was reading the new Dan Brown book “Disciples and Derivatives.” (Btw, he’s talking about credit default swaps, not derivatives markets overall.) Perhaps the oddest part from the so-called Holy See Press Office’s release, is the overuse of the qualifier “so-called.” There are four…

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Standard

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

JLN Options: Volcker Rule Rewrite; Thomson Reuters moving FX derivs to Ireland Standard

Lead Stories Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say Jesse Hamilton and Benjamin Bain – Bloomberg Wall Street is poised to get a big reprieve from the Volcker Rule, as U.S. agencies prepare to scrap a restrictive presumption that most short-term trades violate the post-crisis regulation, three people with knowledge of the matter said. In a much-anticipated overhaul, the Federal Reserve and other regulators are planning to drop an assumption written into the original rule that positions held by banks for less than 60 days are speculative — and therefore banned, the people said. Instead, banks…

Mexico Takes First Steps in Annual Oil Hedging Program Standard

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Observations & Insight The Options Industry Leader Series 2018 – Nasdaq’s Kevin Kennedy Brought to you by the OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered low volatility, Nasdaq’s proprietary product suite and capital requirement issues. Watch the video here » ++++++ Ibbo’s Kilt Challenge By Mark Ibbotson I am wearing a kilt to the IDX 2018 Gala for Futures for Kids because I believe in this charity’s mission! Each year, FIA hosts the IDX Gala…

Robinhood evaluation?!?; VIX rigging talk Standard

Observations & Insight Chicago Venture Capital Firms Are Funding Fintech Sarah Rudolph – JLN Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe…

Goldman blames mom-and-pop investors for volatility; Five of the largest US FCMs lose customer business Standard

Lead Stories Goldman blames mom-and-pop investors for volatility in stocks Ryan Vlastelica – MarketWatch The U.S. stock market has seen volatility rear up in 2018, with major indexes experiencing wild swings on a nearly daily basis. There have been a number of causes often cited for the recent bout of turbulence, including concerns over inflation, geopolitical uncertainty, and the first-quarter earnings season, but one of Wall Street’s most prominent investment banks fingers one key culprit: Main Street. /on.mktw.net/2KOoDfL ****SD: It would be a different world if the Mackay classic had been titled “Extraordinary Institutional Delusions and the Madness of Professionals,”…