Bill Brodsky has been a fixture of the derivatives markets for the better part of 50 years — at the (then) American Stock Exchange, CME and CBOE. He recently stepped down from the CBOE after two decades as the CEO and then chairman of the exchange. At each stop, Brodsky ushered in periods of change. He helped put AMEX on the options map in the ’70s; oversaw the launch of the electronic trading system Globex and of options on futures as CEO of the CME; and as CEO of the CBOE, took the exchange public and helped the birth of…
Tag Archives: AMEX
Half Full: Trade Alert’s Schwartz Says Options Industry Has Growth Opportunities Blog,Commentary,Options
Today’s options market is a mixed bag of some strong products gaining traction but, in general, the industry has slowed dramatically over the past decade. Henry Schwartz, president of Trade Alert, speaking at the 34th Annual Options Industry Conference in Palos Verdes, California on Wednesday, told the audience that options industry volume growth has slowed from 14.7 percent over the past 20 years, to 8.5 percent over the past 10 years, to just 2 percent in the past 2-year period. Schwartz attributed the slowdown over the past couple of years to the continued ripple effect from the 2008 financial crisis,…
Open outcry is still alive and well in New York. The New York Stock Exchange opened a new trading floor for the NYSE Amex options market this week, a completely renovated space that also houses: NYSE’s US cash equities, ICE Futures US members, NYSE Arca’s customer service and the NYSE/ICE’s national operations center. The 7,000-square-foot space, with 22-foot ceilings, has been renamed “The Buttonwood Room,” a tip of the cap to the origins of the NYSE, and a shift away from the room’s less than flattering name of “The Garage,” as it was called when it originally opened in 1922….
Steven Crutchfield of NYSE Discusses New Management Structure and Options Technology Interview,Options,Tech / HFT,Video
Steven Crutchfield was named CEO of NYSE Euronext’s two U.S. options exchanges, NYSE Amex Options and NYSE Arca Options earlier this month. The move marks a new management strategy for NYSE’s options markets, which had been managed separately. Crutchfield spoke with John Lothian News editor-in-chief Jim Kharouf about the new management structure, new initiatives for market makers and in risk management as well as dealing with lower options volumes this year.
John Lothian Newsletter: NYSE Euronext Explores Adding Partners To Amex Joint Venture; Private equity profits called into question; Osaka to delay key futures contract launch John Lothian Newsletter,Newsletter
NYSE Euronext is considering a plan to add more equity partners to its Amex stock exchange. Studies, news and books are pointing out that returns from private equity organizations have done a great job of rewarding the PE managers, but not so much the investors. Japan’s OSE slows down plans to release a new futures contract; bad news for an exchange that is seeing dwindling volume.
Keith Goggin is a partner at Integral Derivatives LLC, the largest options specialist firm on the NYSE/Amex options marketplace. He has been a market-maker and specialist in options on ETFs since their inception. John Lothian News editor-at-large Doug Ashburn spoke with Goggin about the seventh anniversary of the Gold ETF contract, the role of speculators, high market volatility, and the future of ETFs.