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Tag Archives: CBOE

John Lothian Newsletter: Warsaw Bourse Switches to NYSE Platform as Volumes Surge; Brokers Face Pay Disclosures; Banks Drop Off IsdaFix Panel Amid Rate-Rigging Probes John Lothian Newsletter,Newsletter

Looking for a speed boost, the Warsaw Stock Exchange shifts ever-increasing volume over to NYSE Euronext’s trading platform. Regulators are looking more likely to create rules that will require brokers to disclose signing bonuses when they join new firms to clients. Leaving aside images of insects and rodents, banks are departing from the ISDAfix rate-setting panel as the investigation into possible rate manipulation gathers pace.

JLN Options: Exchanges Are Moving to Curb Private Trades Newsletter,Options

Lead Stories Exchanges Are Moving to Curb Private TradesNathaniel Popper, The New York TimesThe chief executives of the three largest stock exchanges are joining forces for the first time to push regulators to rein in the increasing amount of trading that is moving off public exchanges and onto platforms like so-called dark pools.http://jlne.ws/YIet46 ** As this week’s guest editor of the John Lothian Newsletter, Gary Katz, President and CEO of the International Securities Exchange, commented on the above story: “The US listed options industry has from the start precluded dark pools from trading the fungible products now available on eleven…

JLN Options: Options Week in Review Newsletter,Options

The long-standing battle over the CBOE‘s exclusive right to offer products based on its license agreements with Standard & Poor’s and Dow Jones indexes may end up before the U.S. Supreme Court, if Citadel and the ISE get their way.  The Court is expected to review a petition next month from ISE to hear the case, which Citadel has joined, the Wall Street Journal reported. Illinois courts have ruled in CBOE’s favor. The Supreme Court only hears 75 to 80 cases out of about 10,000 submitted, according to the Journal. If it decides to review this case, that could make…

JLN Options: VIX ETFs Rise In Response To Sluggish Equity Markets Newsletter,Options

Commentary & Insight NFA Chairman Chris Hehmeyer Talks Bankruptcy ReformMarketsWiki.tv One of the issues that emerged from the MF Global collapse was the complex and often frustrating US bankruptcy process. In the case of MF Global, futures customers’ claims were lumped in with other creditors. As such, it took more than a year for customers with segregated accounts to get their money back through the bankruptcy trustee. Chris Hehmeyer, CEO of HTG Capital Partners and chairman of the National Futures Association (NFA), spoke with JLN editor-in-chief Jim Kharouf about the need for bankruptcy reform for the futures industry. It’s a…

JLN Options: Leveraged Volatility Funds Get Biggest Inflows in a Year: Bloomberg Newsletter,Options

Commentary & Insight Chris Ferreri of ICAP on SEFs, IDBs and the Futurization of SwapsMarketsWiki.tv Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company’s hybrid brokered OTC solution. He was the first chairman of the Wholesale Markets Brokers’ Association Americas Inc. (WMBA Americas), and served again as chairman in 2012. Ferreri spoke with John Lothian News Editor-at-Large Doug Ashburn at the Futures Industry Association Boca 2013 conference about the CFTC’s delay in finalizing rules on swap execution facilities (SEFs), the futurization of swaps, and the future of inter-dealer brokerage. Ferreri stresses the…

JLN Options: Apple investors pay more for downside bets Newsletter,Options

Lead Stories Apple investors pay more for downside betsDoris Frankel, ReutersThe steady slide in longtime market darling Apple Inc has brought in options investors willing to pay more for bearish bets than at any time in the last four years.http://jlne.ws/105nSQQ The Supreme Myth of the Risk of Options DebunkedJohn Critchley, The Options InsiderI was recently talking to a very well educated corporate lawyer who is the father of my daughter’s basketball teammate and the conversation turned to investments.  I told him what I did and that my passion was options.  The reaction “Oh My, Options they are too risky for…

JLN Options: Options Week in Review March 14, 2013 Newsletter,Options

The latest trial in the long-running patent infringement case pitting the Chicago Board Options Exchange (CBOE) against the International Securities Exchange (ISE) ended on its opening day Thursday, in what appeared to be a victory – for now – for the CBOE. The ISE had accused CBOE of infringing an automated-trading patent, but the trial was canceled after the judge barred ISE from presenting evidence of pre-suit damages to the jury because ISE had failed to comply with a federal “marking statute,” requiring it to make its patent claim public, according to a Bloomberg story. The fight over the patent…

JLN Options: CBOE-ISE Trial Over Automated Markets Patent Is Canceled Newsletter,Options

Lead Stories CBOE-ISE Trial Over Automated Markets Patent Is CanceledAndrew Harris, BloombergA patent trial pitting International Securities Exchange LLC against Chicago Board Options Exchange Inc. was canceled on its scheduled opening day in federal court in Chicago.http://jlne.ws/ZCCPID** Press releases on this from the CBOE and ISE can be found below under the “Exchanges” section. -JB New Life for Exchange Traded DerivativesColby Jenkins, TABB GroupWhile the roadblocks of low volatility and low interest rates that stymied the global ETD market in 2012 will likely continue in 2013, the regulatory overhaul in the OTC space will allow for unprecedented innovations in derivatives,…