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Tag Archives: CBOE

Mark Esposito of OneChicago Discusses Their NoDivRisk (“1D”) Single Stock Futures Interview,Managed Futures,Video

Mark Esposito, a 25-year trading veteran on the floor of the Chicago Board Options Exchange (CBOE), is the managing director, business development at OneChicago. John Lothian News Editor-at-Large Doug Ashburn spoke with Esposito about OneChicago’s NoDivRisk (“1D”) Single Stock Futures products and how commodity trading advisors and managed futures funds can use them.

John Lothian Newsletter: CME Group, LCH.Clearnet offer new margining solutions; ASX Chairman Gonski to Step Down, Manage Australia SWF; SGX Adds Trading Hubs in London, Chicago John Lothian Newsletter,Newsletter

CME Group (on Tuesday) and LCH.Clearnet (on Wednesday) each debut new solutions to allow clients to margin their positions in a more cost-effective way. The chairman of the ASX quits his job to take on a new role of managing a big chunk of Australia’s sovereign wealth fund. SGX teams up with Eurex and NYSE Technologies to interconnect trading networks. In today’s super-heavyweight Boca edition of the JLN, you’ll also find stories about Walt Lukken as a plumber; analysis of the effects of MF Global on the futures industry; major new product and service offerings from CBOE, Trading Technologies, ISE…

John Lothian Newsletter: MF Global Still Set to Pay Bonuses; CBOE Executive Placed On Leave During SEC Investigation; LSE buys majority stake in LCH.Clearnet John Lothian Newsletter,Newsletter

MF Global’s bankruptcy plan includes significant bonuses for three senior execs of the firm. At the CBOE, a compliance executive has been placed on administrative leave as the SEC investigates company oversight. The London Stock Exchange steps up to buy a majority stake in LCH.Clearnet. In Europe, Greece successfully winds up its debt cycle with murmurs of impending doom rather than cheers.

John Lothian Newsletter: CBOE Tweaks Electronic S&P Options Market To Spur Growth; EU Leaders Sign Fiscal Pact; ISDA’s Greek Ruling Not Last Word John Lothian Newsletter,Newsletter

CBOE rolls out changes to its S&P options, hoping that the shifts will give a boost to the interest in those products. EU leaders sign a new agreement to be more careful with their money and their debt, with some countries already clearing their throats about financial difficulty ahead. Several people point out that the ISDA’s no-credit-event ruling yesterday regarding Greece’s debt and default was a specific answer to a specific question, not an “all clear” for the whole situation, and the falling financial piano is still whistling down from overhead. It being the start of a new month, you’ll…

John Lothian Newsletter: State Street plans OTC derivatives platform; NYSE, Deutsche Boerse Set To Vie For Technology Business; CBOE to List Futures on Brazil, Oil Volatility Indexes John Lothian Newsletter,Newsletter

State Street announces that they plan to start up an OTC swaps trading platform, to go along with a previously-announced swap clearing facility.  NYSE-E and DB, no longer trying to live under the same roof, re-engage as competitors with a focus on trading technology and services.  CBOE announces plans to list volatility index products for Brazilian stocks and oil.  In ongoing stories, the dig into LIBOR-fixing continues to produce results; Volcker is still a household word; and MF Global’s bankruptcy trustee agrees to share nicely with others. In the top box, John Lothian unveils his latest plans for world travel,…

John Lothian Newsletter: CFTC Requires Registration by Mutual Funds With Commodities; NYSE Euronext Chief Faces Up To Standalone Challenges; Eurozone dismisses Greek budget deal John Lothian Newsletter,Newsletter

The CFTC votes 4-1 to require commodity-including mutual funds to register with the agency. NYSE-E’s Duncan Niederauer faces a DB-less future, and surveys the coming challenges. In the latest episode of, “There Will Be Greece,” the Eurozone turns its back to the Mediterranean country’s latest budget cut package, calling it incomplete. In the top box, JLN Editor-in-Chief Jim Kharouf takes a swing at JLN Boss-of-All John Lothian’s opinion of CME Group’s CBOT Building deal; and John bids adieu to Jeremy Grant of the Financial Times (who is only moving to Singapore, not offworld).

John Lothian Newsletter: CBOE Holdings, Inc. Announces Reorganization and Names New Officers; Eurex Futures Exchange Gets New Trading System; Brokers suspended in Libor inquiry John Lothian Newsletter,Newsletter

CBOE Holdings provides details of a major internal reorganization of management roles. Eurex announces that since it won’t be merging with NYSE-Euronext, it will replace its trading engine at the end of 2012. The Libor price-fixing investigation continues, and brokers in London and Asia are suspended or fired as the inquiry deepens. In a fully-packed top box today, John Lothian shines a spotlight on MarketsReformWiki; he also takes aim at CME Group’s plans to sell the CBOT Building; Nicole Rohr has a piece about the upcoming Futures For Kids charity walk; and Sarah Rudolph provides a JLN Options interview with…

JLN Special Report: January 2012 Volumes Down Environmental/Energy,Financials,Managed Futures,Metals,Options,Regulation,Special Report,Tech / HFT

Jim Kharouf

On Your CalendarA little over a month ago, I asked an exchange executive about falling volumes in the options space, to which he said. “January is going to tell us a lot.” January’s message to the options industry wasn’t kind. Most exchanges are reporting lower volumes for the month. Some may call it an off month, but given a host of events that have hit the financial markets – futures, options, stocks and currencies – January may be a harbinger for a rough 2012. CNBC’s Bob Pisani wrote a good story about equity market volume drops and its causes. He pointed out…

John Lothian Newsletter: Global regulators signal leeway on new bank liquidity rules; Mexico’s BMV to be among fastest bourses by May; Wall Street Prepares to Take Sharp Pay Cut John Lothian Newsletter,Newsletter

An international regulatory group, while making tough plans for bank liquidity requirements, are also finding time to plan out exceptions to those new rules. Exchange operator BMV proceeds apace with infrastructure upgrades that will make the Mexican exchange one of the fastest in the world. As Q4 earnings, or lack thereof, are tallied for financial firms, a number of those firms are signaling that bonuses may be paid out closer to earth than the stratosphere this year. In Europe, David Cameron continues to declare his opposition to (and willingness to sabotage) a new financial transaction tax. And under pressure from…