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Tag Archives: CBOE

JLN Options: Hedge funds seen behind likely VIX short squeeze Newsletter,Options

Nils-Robert Persson Talks About Cinnober and the Growth of Real-time Risk ManagementMarketsWiki.tv There are some firms who are ahead of the curve and profit from it. Cinnober Financial Technology, the Swedish-based provider of electronic trading platforms was certainly one of them when it began pushing real-time risk management technology for trading and clearing platforms long before the 2008 financial crisis. Now its an integral part of the marketplace. Nils-Robert Persson, executive chairman for Cinnober spoke with JLN editor-in-chief Jim Kharouf about the speed of execution and clearing systems, as well as what’s next for the firm. Watch the video »…

JLN Options: No tax please, we’re British, Italian, French… Newsletter,Options

Lead Stories No tax please, we’re British, Italian, French…Steve Grob, FidessaThe debate about Financial Transaction Taxes (FTTs) seems to roll on and on. Italy’s FTT is due to come into force this Friday and two democrats in the US want to introduce an American FTT. Even EU Tax Commissioner Algirdas Semeta says a global tax on financial transactions eventually should be a reality.http://jlne.ws/13jIeLx FTSE introduces UK and Italian equivalents of the VIXSimon Smith, ETF StrategyFTSE Group, a leading global index provider, has introduced the FTSE Implied Volatility Index Series (IVI), a new suite of indices that measure the implied volatility…

JLN Options: Options Week in Review Feb. 21, 2013 Newsletter,Options

The Securities and Exchange Commission and the FBI began investigating suspicious options trading that occurred just before Berkshire Hathaway announced a $23 billion acquisition of  H.J. Heinz Co.   David Weidner pointed out in The Wall Street Journal that “prescient” trading in the options markets in advance of market-moving announcements has been common for years, but that regulators have been disinclined to respond, saying that these types of trades are difficult to investigate and that insider trading is hard to prove. The SEC’s move to freeze the assets of a Swiss trading account linked to the trades was one of the…

JLN Options: Former CBOE head Alger B. ‘Duke’ Chapman dies at 81 Newsletter,Options

Post Market Volume and Volatility Movers(click for larger image) Chart provided by Livevol (Tuesday, Feb 19, 2013 – 4:25p). This report shows stocks that have the highest stock volume, and greatest IV30 change for the day. Individual issues must have a minimum trade price greater than $5.00. The minimum average option volume must be at least 200. The scan excludes 2x,3x ETF products from the results. Lead Stories Former CBOE head Alger B. ‘Duke’ Chapman dies at 81Lynne Marek. Crain’s Chicago BusinessAlger B. “Duke” Chapman, who was chairman and CEO of the Chicago Board Options Exchange from 1986 to 1997,…

JLN Options: EU Seeks Broad Transaction Tax to Curb Rules ‘Patchwork’ Newsletter,Options

Lead Stories EU Seeks Broad Transaction Tax to Curb Rules ‘Patchwork’Rebecca Christie, BloombergThe European Union proposed a tax on financial transactions that could be collected worldwide as soon as the start of next year by the 11 EU nations that have so far signed up to participate.The proposal, which marks a new stage in the EU’s efforts to raise revenue from the financial industry, came under immediate fire.http://jlne.ws/ZfjnqV S.E.C. Looks at Trades a Day Before Heinz DealBen Protess, DealbookRegulators are scrutinizing unusual trading surrounding the planned $23 billion takeover of the food company H. J. Heinz, raising questions about potential…

JLN Options: Options Week in Review Feb. 14, 2013 Newsletter,Options

That’s entertainment: options traders were bullish on Comcast Wednesday after the company announced its 4Q results and said it would buy General Electric’s stake in NBCUniversal for $16.7 billion. The biggest position in Comcast options was a call spread looking for shares to add between 6% and 25% through Jan. 2015. Comcast will now control “everything top to bottom”, the Wall Street Journal quoted Mark Sebastian, OptionPit’s COO, as saying. Reuters reported that the CBOE might consider going private “if doing so benefits its shareholders,” while MarketWatch reported that CBOE’s president, Ed Tilly, said the exchange’s parent had not considered…

JLN Options: Options Traders Side With Comcast on NBCUniversal Deal Newsletter,Options

CFTC Proposal Poses “Monumental” Challenge to FCMsBy John Lothian Changes to the way customer funds are held and accounted for by futures commission merchants (FCMs) were inevitable after the bankruptcies of MF Global and Peregrine Financial Group. But it is pressure from buy-side market participants and their allies in Congress who are pushing for regulatory changes that could change the face of the futures business. At last week’s CFTC Roundtable, the fourth panel of the day titled “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organization,” highlighted the challenges and potential consequences to…

JLN Options: CFTC Proposal Poses “Monumental” Challenge to FCMs Newsletter,Options

CFTC Proposal Poses “Monumental” Challenge to FCMsBy John Lothian Changes to the way customer funds are held and accounted for by futures commission merchants (FCMs) were inevitable after the bankruptcies of MF Global and Peregrine Financial Group. But it is pressure from buy-side market participants and their allies in Congress who are pushing for regulatory changes that could change the face of the futures business. At last week’s CFTC Roundtable, the fourth panel of the day titled “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organization,” highlighted the challenges and potential consequences to…

JLN Options: A Sensible Change in Taxing Derivatives Newsletter,Options

Lead Stories A Sensible Change in Taxing DerivativesVictor Fleischer, DealbookIt’s not every day that I’m happy with Congress.Readers may recall David Kocieniewski’s article about Ronald S. Lauder, an heir to the Estée Lauder fortune with a net worth of more than of $3 billion.http://jlne.ws/X5qw74 Here’s How The ‘Fear Index’ Recovered After 11 Major CrisesSam Ro, Business InsiderThe analysts at Credit Suisse recently published their Global Investment Returns Yearbook The Big Picture’s Barry Ritholtz: recently pointed us to it.http://jlne.ws/X5rEaL  Nasdaq Talks With Carlyle Signal Exchange Takeovers Not OverLindsey Rupp, Leslie Picker & Whitney Kisling, BloombergNasdaq OMX Group Inc.’s talks with Carlyle…