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Tag Archives: CBOE

John Lothian Newsletter: U.S. SEC gives go-ahead for sale of National Stock Exchange; Drexel, 25 Years After Its Collapse, Only Helps a Résumé; New Report Says Computer Criminals Stole Millions From Banks John Lothian Newsletter,Newsletter

First Read Mary Ryan, TD Ameritrade – TD Ameritrade U: Who, What, When, Where, Why & HowJohnLothianNews.com “By increasing the financial literacy in a risk-free environment, we can decrease the age of the average investor…which is going to bring more traders and investors to the marketplace.” Mary Ryan of TD Ameritrade explains the TD Ameritrade U program, which serves to educate students on trading and the financial industry. Ryan discusses the types of tools used in the program, such as giving students access to actual trading platforms, market data and trading support. The goal is to give students the most…

Mostly Sunny: MIAX Options Exchange Grabbing Some Market share Blog,Options

As options exchanges jostle for position in a crowded field, the monthly OCC options market share report sometimes tells an interesting story. MIAX Options Exchange is one of them. MIAX posted total equity options market share of 4.38 percent in January, a nice jump from 2.65 percent a year earlier, according to the OCC Options Exchange market share data. Another notable leap was at BATS, which posted an 8.78 percent market share in January, up from 3.28 percent a year earlier, and up from 6.3 percent in December. (See Kansas City Swinging Hot BATS – http://jlne.ws/1LIKSPh) And it’s not just…

Livin’ The High Life: CBOE posts solid 2014, looks to global growth in 2015 Financials,Options

The Chicago Board Options Exchange held its annual Chicago press lunch yesterday. Among the highlights of the company’s success in the past year were these: 2014 volume was up 11 percent, to 1.3 billion contracts, outpacing the industry average of 4 percent. VIX options’ ADV was 632,000 contracts, while VIX futures ADV was 201,000. Its SPX Weeklys continued to show great growth, up 38 percent with an ADV of 272,277. CBOE’s shareholder return in 2014 was 25 percent, and the stock hit an all time high of $68 last Thursday. CBOE had total market share of 28.6% compared to 27.5%…

John Lothian Newsletter: Swiss franc rockets as currency ceiling scrapped; Nasdaq plans challenge to CME and ICE in energy derivatives; U.S. SEC adopts rules establishing regime for swap data warehouses John Lothian Newsletter,Newsletter

First Read Bits & Pieces By Doug Ashburn – John Lothian News When Jim Binder left his job at OCC three months ago, there was much speculation around the office as to where he would end up. Yesterday afternoon we saw this post on Jim’s Facebook page: “About this time 15 years ago I started working as an editor at Securities Week for Standard & Poor’s at 55 Water St in NYC. Ten years ago tomorrow I arrived back in Chicago so I could start working in PR at OCC on the day after MLK Day. Tomorrow I arrive in…

JLN Options: New Study Presents First-Ever List of 119 Funds That Use Options; Nerves Rattled in U.S. Equities as S&P 500 Volatility Turns Ugly; Listed Options Volume Up 20 Percent at 355 Million Contracts in December Newsletter,Options

Observations & Insight Can Options-based funds compete? By Jim Kharouf The CBOE announced the release of a new study today, “Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs,” which analyzed the growth and performance of exchange-listed options-base funds. What is notable about the chart-laden report, is the growth of options-based funds from just 10 in 2000, to 119 in 2014 with a total of $46 billion in AUM. The report looked at 80 options-based equity funds, 51 mutual funds, 22 closed-end funds and seven ETFs with a total of $27.6 billion in AUM. The study found…

JLN Options: “Fear gauge” drops as sentiment ameliorates; Derivatives Show Traders Are Undeterred on Rates by FOMC Minutes; What’s Next for VIX and Oil Volatility? Newsletter,Options

Observations & Insight Why the Daleks and Vogons were right about financial markets by Steve Grob, Fidessa An interesting debate broke out here at Fidessa Towers this morning concerning the infamous Sci-Fi phrase “resistance is useless”. Should it be attributed to Dr Who’s nemesis, those metallic, warbly-voiced Daleks, or to the slug-like, green-skinned Vogons that appear in Douglas Adams’ The Hitchhiker’s Guide to the Galaxy? Anyhow, whilst folks furiously searched Google for the answer it got me thinking about the contrast between resistance and true resilience. The difference is more than just semantics. Resistance is all about hardwiring pre-programmed responses…

John Lothian Newsletter: JPMorgan settles forex manipulation lawsuit; Ponzi Victims Seek to Query Madoff Before It’s Too Late; Swap Markets Debate Anonymous Trading in SEFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces by John J. Lothian Every year the CBOE holds a press lunch in Chicago in January. It is normally a very nice affair with a good turnout of Chicago-based industry journalists. It was after last year’s press lunch that I wrote a column titled “The CME Should Buy the CBOE Soon.” On January 24, 2014 the price of the CBOE stock was about $50. It closed that day at $50.03. The lowest it has traded since that day is $46.73. Yesterday the shares in CBOE Holdings, Inc. hit $65.00. That is up 30% in about…

JLN Options: S&P 500 record runs are small but steady; Why It’s So Tricky to Time Volatility Spikes; Oil VIX Is Up 209% and Brazil VIX Is Up 45% in 2014 Y-T-D Newsletter,Options

Observations & Insight Wrapping it Up Doug Ashburn – JLN Today’s newsletter features a snapshot of volatility from several asset classes – equities, oil and gold to name a few – and also includes a bit of a look-back on 2015, as many of our regular resources use this period to publish their year-end reviews. Today we feature part I of CBOE Options Hub’s 2014 volatility review. Mr. Moran features a series of five charts that nicely sum up volatility, volume, skew and term structure. Also, we re-feature one of our best MarketsWiki Education videos from this past summer –…

John Lothian Newsletter: CBOE to pass regulatory duties to FINRA; CFTC fines Deutsche Bank $3 mln over customer fund flaws; CME pursues EU wheat plan as Euronext dogged by harvest fallout John Lothian Newsletter,Newsletter

First Read Futures group board members file election complaint with CFTC By Lynne Marek Two board members of the National Futures Association board have filed a complaint with the Commodity Futures Trading Commission alleging that the organization skirted its own rules in selecting candidates for the board and then falsified its records. The complaining board members, James Koutoulas and John Roe, are in hotly contested re-election campaigns for the board that will be decided in January. But their complaint concerns an election that took place early in 2014. Other board members and the NFA staff dispute their assertions. jlne.ws/1ztamw0 ****…