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Tag Archives: CBOE

Strong October Options Volumes; American Options Calibration Issues; Betting Against Bitcoin Newsletter,Options

Observations & Insight ESMA Consults On Calculation Of Derivative Positions Mondovisione The European Securities and Markets Authority (ESMA) has today published for public consultation future guidelines on the calculation of derivative positions by trade repositories (TRs) authorised in the European Union under the European Market Infrastructure Regulation (EMIR). jlne.ws/2hIw0Mb ****SD: In the link to future guidelines that is provided, there is this – “In contrast to the approach required under MiFID II/R to calculate position limits, position calculations with regards to options are not based on delta-adjusted notional values. Rather, the relevant gross notional values that are reported under EMIR…

The Low Vol Puzzle; Post Bank say BOJ should sell puts; Buying dips Newsletter,Options

Observations & Insight FANG+ Puts the UMPH Back into the Markets and Exchange Competition John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

US Treasury dealers accused of collusion; Bitcoin futures face safeguards; EEX acquires 100% of Powernext John Lothian Newsletter,Newsletter

First Read FANG+ Puts the UMPH Back into the Markets and Exchange Competition By John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

FANG+ Puts the UMPH Back into the Markets and Exchange Competition Blog,Commentary,Exchanges, OTC & Clearing,Financials,Interview,Investing & Trading,Mwiki

Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group resteal the Russell index complex from ICE, returning the contracts to the CME where they were  in 2007. The FANG+ sprang from this exchange…

Bitcoin issues; No CAT Delay; Goldman ready for vol Newsletter,Options

Observations & Insight The Bitcoin Exchange That CME Plans to Use for Futures Is Down Camila Russo – Bloomberg This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues. jlne.ws/2AIefQY ****SD: Not good. But this is partially why CME gathers pricing data from multiple other trading platforms – GDAX, itBit and Bitstamp. Here’s the methodology for CME’s CF Bitcoin Reference Rate (BRR) and CME CF Bitcoin Real Time Index (BRTI). To understand how a “down exchange” dynamic can play out,…

Maybe Strangely Low Stock Volatility Isn’t So Strange After All; Trump era brings lowest stock market volatility since early 1960s Newsletter,Options

Lead Stories Maybe Strangely Low Stock Volatility Isn’t So Strange After All Sarah Ponczek – Bloomberg Volatility is low. But does that mean it’s abnormal? A group of researchers and economists at the Federal Reserve Bank of New York set out to answer that very question in a blog post Monday; the results weren’t so clear cut. “Are investors complacent? The evidence is mixed,” they wrote. jlne.ws/2ABxk72 ****JB: Another article on the same topic from the Financial Times Trump era brings lowest stock market volatility since early 1960s John Authers and Joanna S Kao – Financial Times The year after…

The Industry Discusses Cryptocurrencies and DLT, Part I Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This fifth video in the series is the first to cover the crazily popular cryptocurrency space and its technological underpinnings. In part one, Ed Tilly, chairman and CEO of Cboe, Drew Shields, Trading Technologies’ CTO, Thomas Flake, the co-founder and chief marketing officer of bcause, Kevin Darby, managing partner at Blue Trading Systems and Chris Hehmeyer, CEO of Hehmeyer Trading + Investments share their thoughts on the future of the crypto…

Trump’s Year of Low Volatility; Derivatives add value – study; Cboe’s sector options Newsletter,Options

Lead Stories A year after Trump’s election, market volatility has eluded everyone CNBC It’s been a year since consensus opinion was punctured by a Donald Trump electoral win and a market rally that deflated Wall Street oddsmakers’ view that a Clinton loss would slam stocks. Yet even the small minority expecting a Trump victory and positive market response mostly thought heightened market volatility would be a feature of an establishment-deriding president set on raising the economic metabolism and waging trade wars. jlne.ws/2AjoJpF ****SD: The FT has an array of charts encapsulating Trump’s year in office thus far here. Derivatives add…

Surge in oil options trading; Belief in cryptocurrencies; FX vol collapsing Newsletter,Options

Lead Stories Oil Options Trading Surges After Funds Buy Into OPEC’s Rebalancing Alex Longley – Bloomberg Brent, WTI option volumes hit multi-month highs on Monday; Funds seen drawn by tightening oil market, Mideast tensions Options trading for crude oil this week jumped to the highest in five months as money managers backed OPEC’s effort to rebalance the oil market and as regional tensions flared in the Middle East. jlne.ws/2AqPTLV ****SD: More on the fund buy in from John Kemp of Reuters, who lays out more on the overall action in the petroleum realm, not just WTI and Brent. Saxo’s Ole…