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Tag Archives: CFE

Ready to Follow Through – Chris Concannon, Cboe Feature,Mwiki,Video,video

CBOE and Bats officially became Cboe Global Markets in 2017, which meant much of the year was spent laying the foundations for further integration. Of course, there was also the under-the-radar launch of a crypto futures product, too. In this video from JLN’s annual series with industry leaders, Chris Concannon, Cboe’s President and COO, talks about complex order book functionality, the future of a crypto ecosystem at Cboe, how Cboe prepared for more technology migrations on its exchanges and more.

CBOE to launch bitcoin future contracts; LedgerX Will Transform Cryptocurrencies; Traders are betting big on a stock market shock Newsletter,Options

Observations & Insight July 2017 Options Exchange Marketshare via OCC ****SD: In case you missed the OCC’s release yesterday about July cleared volume, you can find that here. ++++++ The Concept of Basis – Gregg Doud Education.MarketsWiki.com “The beauty of this industry is, I don’t care how much artificial intelligence or how many algorithms you use, you’re still going to have to have somebody that understands where stuff is supplied, where it comes from and where it goes and the trade flows associated with it.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Gregg Doud,…

Interactive Brokers’ market making segment feels impact of options business wind-down; A striking stat shows why even the bears are tempted to bet on stocks; Vix index sends mixed messages to investors Newsletter,Options

Observations & Insight Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3 PM. We still have room for last minute additions as well. Our speakers include Richard Sandor, Bryan Durkin, Terry Savage, Joe Guinan, Amy Shelly and Jennifer Wilson at the first session. At session two we have Mehmet Yanilmaz, Julie Armstrong Menacho, Keith Petersen, Patrick Kenny, David Kelbaugh and Jay Feuerstein…

Vol Spike: CBOE Futures Exchange’s Jay Caauwe Introduces the Short-term Volatility Index Interview,Options,Video

In February 2014, the CBOE Futures Exchange began listing contracts on the short term volatility index (VXST) – a 9-day variant of its flagship 30-day VIX futures. In an interview with John Lothian News Editor-At-Large Doug Ashburn, CFE’s Jay Caauwe discusses the launch of VXST, the rationale behind the listing of VXST futures and which participants and strategies will be prevalent. “There are volatility moments where the 30-day product does not get you the action or return you are looking for,” says Caauwe. “If we look at August 2011, when S&P downgraded the U.S., VXST spiked to the neighborhood of…

JLN Options: Thomson Reuters to buy FX option business from Tradeweb Newsletter,Options

Commentary & Insight John Lothian Announces Summer Intern Industry-wide Education Program in ChicagoJohn Lothian – JLNJohn J. Lothian & Company, Inc. is pleased to announce today the creation of a Chicago-based industry-wide summer intern education series to introduce the history, innovation, key leaders and future opportunities to participating interns, summer workers, new employees and those interested in careers in the trading and markets.  The series, which kicks off on July 16,  features presentations from a select group of industry leaders, innovators, entrepreneurs, attorneys, technologists, investors, traders and other industry participants.Click here for more information and/or to purchase tickets. Lead Stories…

JLN Options: Exclusive: ICE to win EU approval for $8.2 billion NYSE bid – sources Newsletter,Options

Commentary & Insight Jack Schwager on Market Wizards and How the CTA Space is ChangingMarketsWiki.tv Jack Schwager is a well-known name in the financial market community today, as author of trading classics such as: Market Wizards in 1989, The New Market Wizards in 1992 and Stock Market Wizards in 2001. He’s added to the series in May 2012, with Hedge Fund Market Wizards, and more recently released book Market Sense and Nonsense, where he explores investment models and the theories of how markets work. He spoke with JLN editor-in-chief Jim Kharouf about hedge fund managers and how the CTA space…

JLN Options: Options Week in Review Newsletter,Options

A recent Tabb Group report found that high-frequency trading is dominating US options trading, and that keeping up with the pace of technology in a climate of tight budgets and low trading volumes is becoming too difficult for many firms.  The industry is transforming as smaller “mom and pop” market making firms disappear. The CBOE VIX, known as the “fear index,” is up 30% this month, but a chart shows that longer maturities through September have barely budged, leading Susquehanna Financial Group’s Chris Jacobson to conclude that the VIX spike is just a blip rather than a longer term trend,…

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: Options Week in Review Jan. 17, 2013 Newsletter,Options

The CBOE plans to revamp its 15-member board to make it more independent, in line with its rivals NYSE Euronext, Nasdaq OMX and ICE, whose board members have no direct ties to trading firms. The restructuring is part of the exchange’s response to an SEC investigation stemming from alleged violations of securities laws by a unit of OptionsXpress, the Wall Street Journal reported. The board changes were not requested by the SEC. The CBOE’s CEO Bill Brodsky, who will step down as CEO and let Edward Tilly take over in May, said the exchange has no plans for a merger…