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Tag Archives: CBOE

CBOE’s William Brodsky Named FOW Person of the Year Blog

Bill Brodsky

William Brodsky, chief executive of CBOE Holdings, reflects on a remarkable year for the exchange. 2011 has been a remarkable year for William Brodsky and the Chicago Board Options Exchange with the launch of a new exchange, a market beating share price rise and numerous front page interviews and behind the scenes discussions extolling the benefits of the futures and options industry. However, 2011 will be remembered as the year that the exchange’s Volatility Index, the VIX, came of age. Elise Coroneos caught up with the man at the helm of the US’s largest independent derivatives exchange for his take on a…

John Lothian News Top Stories of 2011 Blog,Environmental/Energy,Financials,Managed Futures,Metals,Options,Regulation,Tech / HFT

John Lothian

We’ve created a list of the five most influential stories of 2011 for each of our newsletters, as well as from MarketsReformWiki, to help define what was a very eventful year across almost every market and industry sector. The year was punctuated by one major story inside another. The bankruptcy of MF Global, which requires its own top five list, became tied to another top story, the European sovereign debt crisis sequel – Greece and Italy. Of course, the downgrade of U.S. debt in August and assorted European states raised the ire of politicians and regulators who called for more…

Special Report: House Agriculture Committee MF Global Hearing Regulation,Special Report

MF Global

This special report from the John Lothian Newsletter (subscribe here) includes the latest from the MF Global collapse, and the House Agriculture Committee meeting in which former MF Global CEO Jon Corzine made his first public appearance since leaving the firm several days after it filed for bankruptcy on October 31. In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.

MF Global News (12/8/11 AM) Blog,Regulation

The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of December 8, 2011. In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here.

Commentary: SPXpm Options Launch on C2 Commentary,Options,Tech / HFT

Sarah Rudolph

Today is the long-awaited launch of the new SPXpm options on C2, the all-electronic second options exchange created by the CBOE.  The contracts are similar to the CBOE’s benchmark S&P 500 Index options, except that they are electronically traded, are cash-settled, and have a p.m. settlement and European-style expiration. Until today, SPX options were principally traded only on the CBOE floor, and many in the industry saw this launch as C2’s raison d’être. The CBOE is hoping to broaden its customer base with the contracts, which they hope will attract more retail traders.  The contracts are designed to compete with…

The Chicago Way Commentary,Options,Regulation

John Lothian

In Chicago we don’t believe in short selling bans.  If you want to go short, you just walk into the trading pit and put your hands up in the air facing out and yell “SELL 4 at 6,” or something like that.  If you want to sell some futures electronically, you just hit sell on your screen, or lean on the keyboard in the right way.  Or is it the wrong way? We believe short selling is an important part of the market price discovery process.  As I repeat all too often, futures are abut two things: price discovery and risk transfer. …

Paying off the Debt Commentary

John Lothian

One of the sound bites that I hear, including from people like the caustic ex-patriot Jim Rogers, is that the US will never be able to pay off its debt. They never should pay it all off. It would be nice for them to be able to get back to the place where they are not creating more or as much debt, but first things first. The debt of the United States, backed by the taxing powers of the strongest economy in the world, is something that has been around since the start of the republic. It is something that…

Five Minutes with Dan Stern Interview,Options

Dan Stern

Daniel B. Stern is managing member of Stern Investment Advisors, LLC in Chicago, which he started in August of 2004. He has been in the trading and financial services industry for 35 years, beginning as a soybean trading at the Chicago Board of Trade, where he is still an active member. In 1988 he became a member of the Chicago Board Options Exchange (CBOE), where he was a market maker in the S&P 100 index. (He does not trade futures and options for Stern Advisors, however.) Stern is also licensed to sell life and health insurance as well as variable…

Remembering Edmund J. O’Connor, Pioneer in Listed Options and a Founder of CBOE Blog,Options

From the CBOE: Edmund J. O’Connor, key architect of exchange-listed security options and a founder of the Chicago Board Options Exchange (CBOE) – died on January 17, 2011, at age 85 in Lake Forest, Illinois. In the late 1960s, Mr. O’Connor, a highly successful grain futures trader, served on the board of directors of the […]