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Tag Archives: CBOE

John Lothian Newsletter: Exchanges need to balance policing and profitability; Nasdaq tempts energy traders with extended fee holiday; The precarious prospects of London finance John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Jim Kharouf is the new Waldo. Where is Jim? Where is Jim this week? Last week he was in New York for the CTA Expo and to shoot some video for John Lothian Productions. Jim left Saturday for Sao Paulo, Brazil for the World Federation of Exchanges/IOMA Derivatives & Clearing Conference with CCP12. This is the first time John Lothian News has been to Brazil. It was a long time coming. Jim is moderating the second panel of the event, titled “Commodities: External Storms & Change From Within.” Panelists include Clive…

John Lothian Newsletter: BATS CHI-X Europe and ICAP launch exchange for trading and clearing physical transactions; Futures brokers feel strain from low interest rates and red tape; Bourses face closing auction challenge from Aquis John Lothian Newsletter,Newsletter

First Read Former JLN Intern Places 4th in Trading Competition Former JLN intern Evan Fabry and his teammates from the University of Illinois took first place in the BP Trading simulation this last weekend and 4th place overall. Evan’s teammates included Greg Pastorek and Ty Buenting. The teams that place ahead of them were from MIT, Dartmouth and Carnegie Mellon. ++++ ‘Dull work, flat pay and lousy colleagues’ Ben McLannahan, New York, FT The work is dull, the pay flat and your colleagues lousy. But that could well be your lot in financial services, according to a global survey that…

Think Positive: Gail Osten Leaves Fond Memories Blog

There are some people who just get it. Gail Osten was one of those people who just got it. Got what? You name it, work, personal issues, a joke – life. As a professional, her career spanned more than four decades starting in marketing at the MidAmerica Commodity Exchange and ending as director of corporate communications at the Chicago Board Options Exchange. She was also a mother of two boys, Dan and Jon, and wife to Joe Osten, all of whom she spoke about regularly. Osten, who died Thursday morning at the age of 65 after a second bout of…

Global Reach: CBOE to List MSCI Options, Expand its Index Coverage Blog,Commentary,Options

CBOE

CBOE announced it will list options on the MSCI Emerging Markets Index and MSCI EAFE Index on April 21. The exclusive licensing deal with MSCI, is part of the CBOE’s efforts to expand its index coverage well beyond the US market. It also recently signed an exclusive deal to list FTSE and Russell Index products on CBOE. While those indexes have not traditionally drawn much volume on exchanges, CBOE believes that they will be able to garner more interest from traders and institutions by concentrating the liquidity onto its platform. The exchange also believes that in the case of MSCI, there has…

JLN Options: Senator questions widespread tax dodges used by wealthy; Hedge fund failures not enough to stop asset inflows in 2015 – survey; How Unusual is the Current Volatility Lull? Newsletter,Options

Lead Stories Senator questions widespread tax dodges used by wealthy Mark Schoeff Jr. – Investment News The top Democrat on the Senate tax-writing committee called Tuesday for curbing complex investment tactics that help high-net-worth investors lower their taxes. A report released by the Democratic staff of the Senate Finance Committee outlined several investment instruments — such as options, derivatives and swaps — that can be used to skirt “tens of billions of dollars” in taxation. It asserted that reining them in through legislative and regulatory changes would make the tax code fairer. jlne.ws/1AILF9J ***DA: Ask 100 people to define “fair…

JLN Options: Traders Brace for End of Quiet After VIX’s Biggest Drop Newsletter,Options

Observations & Insight OCC Announces Cleared Contract Volume Declined 13% in February CHICAGO (March 2, 2015) – OCC announced today that total cleared contract volume in February was 306,531,839 contracts, a 13 percent decrease from the February 2014 volume of 350,507,077 contracts. OCC’s year-to-date average daily cleared contract volume is down 9 percent from 2014 with 17,049,163 contracts. Options: Exchange-listed options volume reached 302,527,974 contracts in February, a 12 percent decrease from February 2014. Equity options volume for the month was 275,262,981 contracts, a 10 percent decrease from February 2014. Average daily options volume this year is down 8 percent…

John Lothian Newsletter: CBOE Holdings Signs Licensing Agreement to List Options on FTSE and Russell Indices; Cerutti engineers Euronext comeback; With 7th Annual Loss, R.B.S. Announces Drastic Restructuring John Lothian Newsletter,Newsletter

First Read BIts & Pieces by John J. Lothian Sorry for the lateness of the newsletter this morning, we had a terrible traffic day in Chicago due to snow overnight. I knew I should have left for the office when I woke up at 3 AM. ++++ The FIA has launched an updated website at www.futuresindustry.org. It is very well done and integrates FIA Americas, FIA Europe and FIA Asia into a single site. Patricia Gutierrez has announced she is leaving as vice president of public relations for the inter-dealerbroker GFI as of tomorrow. It has been a pleasure to…

JLN Options: Volatility no bar to cross-border mergers, says Goldman Sachs’ David Solomon; Dollar Falls on Yellen’s Rate Plans as Currency Volatility Drops; U.S. Options Buy-side Behavioral Responses to Shifting Liquidity Newsletter,Options

Observations & Insight Building Bricks: T-Bricks Could Be New Cornerstone For ORC JohnLothianNews.com Jonas Hansbo and his team left ORC in 2006 to focus on his own brand of trading and financial technology with a startup called T-Bricks. But Hansbo and his colleagues were brought back to the mothership in January when when ORC purchased T-Bricks. Now, Hansbo said the two firms will bring their respective strengths together. “ORC has been evolving since we left it, and very much focused on reinventing their electronic trading platform for connectivity and electronic execution,” Hansbo said. “So what we thought would be a…

Ivers Riley: A Man for All Markets Blog,Commentary,Options

There are pioneers, innovators and leaders in every industry. Ivers Riley is one of the rare individuals to wear all three titles. Riley, who died February 17, 2015, at the age of 82, is one of those executives who was part of several transformational events in the financial markets’ history, including: the early stages of the options industry; the creation of exchange traded funds, one of the most successful products in the history of financial markets; two critical periods at the Hong Kong exchanges; and a key player at the International Securities Exchange, which ushered in fully-electronic options markets. Options…