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Hultgren Questions Powell On Options Market; Pound Volatility; VIX Futures Settlement Newsletter,Options

Observations & Insight Timely Capital Relief Comments from Fed Chair Powell or: The Options Market Stability Act Was On TV! Spencer Doar – JLN During Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill, Rep. Randy Hultgren asked Chairman Powell about targeted capital relief for bank-affiliated clearers of options liquidity providers. Recall that Rep. Hultgren authored legislation – the Options Market Stability Act – that just passed the House. That legislation seeks to provide relief for clearers by directing banking regulators “to consider a number of items including the availability of liquidity, the economic value of delta weighting and netting…

Interview with OCC’s Donohue; Boom in VIX trading; Industry bits Newsletter,Options

Observations & Insight Bits and Pieces SD– JLN While the war of words over Cboe’s end-of-day trading proposition regards equities, we’re going to keep you updated, since the players involved are options exchange groups, too. Today’s news pertains to Cboe and Nasdaq – the two biggest options exchange groups by market share in the U.S. Plus, there are thoughts that, if implemented, the new closing process could affect volatility around the close, which is an options angle. Anyway, Nasdaq CEO Adena Friedman called the proposal “irresponsible” and “really bad for investors” and urged regulators to give it a harder look….

John Lothian Newsletter: Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started; CBOE Launches Second Index Series That Targets Investment Outcomes; John Lothian Newsletter,Newsletter

First Read “Cannot be done”: ISE’s Gary Katz Tells The Inside Story Of The Biggest Disruptor To The Options IndustryJim Kharouf, JLN It’s been quite a ride for almost 20 years for Gary Katz, now officially the former co-founder, president and CEO of the International Securities Exchange Nasdaq closed the deal to buy ISE from Deutsche Boerse on June 30, ending one of the most pioneering and successful runs for an exchange in the history of financial markets. Co-founded in 1997 by Katz, David Krell, William Porter and Marty Averbuch, the group set out to create the first fully electronic…