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Tag Archives: CBOE

JLN Options: Options Week in Review Jan. 10, 2013 Newsletter,Options

Volatility ETFs hit new lows as the VIX index fell to its lowest level since June 20, 2007, ETF Trends reported. Those affected included the iPath S&P 500 VIX Short Term Futures ETN (VXX) and the VelocityShares Daily 2x VIX Short-Term ETN (TVIX). This came after a week in which the VIX index fell a record 39%. Volatility-based products have become hugely popular since the 2008 financial crisis. More than 95% of the call options on VIX futures traded in 2012 expired worthless, according to Yahoo Finance. Nasdaq OMX Group‘s chief executive Robert Greifeld said he would “definitely” consider bidding…

John Lothian Newsletter: BATS Says ‘System Issue’ Has Led to Pricing Problems Over Past 4 Years; SEC enforcement chief Khuzami is leaving; Deutsche Boerse Faces $340 Million Fine Over Iran John Lothian Newsletter,Newsletter

BATS Global Markets says that hundreds of thousands of transactions over the last few years may have been completed in violation of SEC rules. Robert Khuzami, without admitting or denying guilt, announces that he is departing from the SEC. Deutsche Borse’s Clearstream has begun talks with the US Treasury department to resolve problems with Iran-related transactions. In First Read today, take a look at JLN’s new Bill Brodsky interview, as he talks about leaving the CBOE after a 15-year stay.

CBOE CEO Bill Brodsky talks about stepping down after 15 years Interview,Options,Video

Bill Brodsky

Bill Brodsky, chairman and CEO of the CBOE, announced last month he was stepping down from his post in May 2013, and taking the role of executive chairman. He has held the top spot at the exchange since 1997 and was at the Chicago Mercantile Exchange for 15 years before taking over at the CBOE. Brodsky spoke with John Lothian about his decision, his successor Ed Tilly as well as the importance of separating the role of CEO and chairman in public companies. He also addressed some of the keys to the CBOE’s success over the past quarter century, the…

JLN Options: Why VIX’s Recent Plunge May Be Bad for Stocks Newsletter,Options

Lead Stories Why VIX’s Recent Plunge May Be Bad for StocksJeff Cox, CNBCAfter a historic decline, market volatility really has no place else to go but up.In the near-term that’s probably bad news for stock prices, which have rallied in 2013 but likely are in for a rough ride over the next several weeks.http://jlne.ws/U16L18 Optionshop, the New Online Futures Broker Specializing in Options on Futures, Opens Doors for Traders and InvestorsPress ReleaseOptionshop, a new online futures broker specializing in options on futures, today began accepting new accounts.http://jlne.ws/XIFmFR What to watch: Stocks’ fear gauge plunge an omen?Adam Shell, USA TODAYShould you…

JLN Options: CBOE to Offer New Customized Option Pricing Service Through Market Data Express Newsletter,Options

Lead Stories CBOE to Offer New Customized Option Pricing Service Through Market Data ExpressPress ReleaseChicago Board Options Exchange, Incorporated (CBOE) announced today that its affiliate Market Data Express, LLC (MDX) plans to launch the CBOE Customized Option Pricing Service (COPS) on Monday, January 14. The new data service, which employs the market-making expertise of CBOE’s liquidity-providing community, offers subscribers end-of-day indicative valuations for “customized” options such as FLexible EXchange (FLEX) options and certain over-the-counter (OTC) options.http://jlne.ws/VG5v5j Moment of Truth for U.S. Stocks and VIX ETFs John Nyaradi, InvestorPlaceU.S. stocks and ETFs started 2013 with a bang as the Dow Jones Industrial…

JLN Options: VIX Has Its Biggest Two-Day Fall – 35.4%; Record Futures Volume Newsletter,Options

Lead Stories VIX Has Its Biggest Two-Day Fall – 35.4%; Record Futures VolumeMatt Moran, VIX ViewsOver the past six trading days the VIX has had a roller-coaster ride as investor sentiment shifted in regard to perceived prospects for a near-term solution to the U.S. fiscal cliff situation.http://jlne.ws/ZX3ypq Vix Futures Set Another New Single-Day Volume Record Today: 221,323 ContractsPress ReleaseThe CBOE Futures Exchange, LLC (CFE®) announced today that CBOE Volatility Index® (VIX® index) futures set a new single-day volume record of 221,323 contracts (estimated), the second consecutive daily VIX futures record this week.Today’s daily record eclipsed the previous VIX futures single-day…

JLN Options: Fiscal cliff uncertainty stirs Vix volatility Newsletter,Options

Fiscal cliff uncertainty stirs Vix volatilityDow Jones NewswiresThe market’s so-called fear gauge vaulted above a closely watched level Thursday on “fiscal-cliff” anxiety, before soothing news pulled the Vix down and diminished deep stock-market declines late in the day. With less than five days remaining to reach a budget agreement to advert the fiscal cliff, the Chicago Board Options Exchange’s Volatility Index Thursday jumped to the highest intra-day level since July – before pulling a remarkable turnaround to highlight investor indecisiveness.http://jlne.ws/12Uj7vN Call Ratio Trades in SPDR Gold Trust (GLD)The Options InsiderPosted by Andrew Giovinazzi in Unusual ActivityShares of the SPDR Gold…

JLN Options: Shanghai Futures Exchange to open up to foreign players Newsletter,Options

Shanghai Futures Exchange to open up to foreign playersReuters The Shanghai Futures Exchange (SHFE) will open up to foreign institutions and develop options and other derivative contracts under a plan to become a leading Asia-Pacific bourse over the next five years.http://jlne.ws/VhrGeQ Crude Oil Options Rise as Futures Reach a Two-Month HighBy Christine Harvey, BloombergCrude oil options volatility advanced with the underlying futures as U.S. lawmakers planned to resume budget talks to avert spending cuts and tax gains that threaten to weaken the economy. http://jlne.ws/Vhnr2S VIX Futures Tighten UpJared Woodard, Condor OptionsBlog, Market Commentary, VolatilityTraders are bidding up VIX futures this…

JLN Options: ICE to buy NYSE Euronext for roughly $8.2 billion Newsletter,Options

Lead Stories ICE to buy NYSE Euronext for roughly $8.2 billionBen Fox, MarketWatchIntercontinentalExchange Inc. ICE agreed to buy fellow exchange NYSE Euronext NYX in a roughly $8.2 billion cash-and-stock deal, in a merger that will vastly expand ICE’s profile.http://jlne.ws/SZ2AFZ** ICE is the relative newcomer that sprang up in 2000 and only 12 years later is taking over the world. Jeffrey Sprecher has been a force to be reckoned with ever since he knocked the socks off of everyone at FIA Boca by challenging the CME’s bid to acquire the CBOT. — SR NYSE sale to ICE and the death of…