Breaking News

Tag Archives: CME Group

Academics Clash Over VIX Bragging Rights; ’50 Cent’ Just Reloaded With a Big Hedge Against a Stock Selloff; CFTC commissioner to depart amid ‘intolerable’ situation Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian CFTC Commissioner Sharon Bowen has had enough. Or more accurately, she can do the math and her best move is to step aside and let the Washington political process proceed. Congress likes to send up paired nominees for confirmation to the CFTC, but we need two Republicans and one Democrat confirmed to get to the full five-member CFTC. By stepping down, Bowen sets up the ability of Congress to send up a pair of Democrats to go with the pair of Republicans. Hats off to Bowen for her work on…

CME’s Knottenbelt Discusses International Plans and CME Europe Closure Feature,Video,video

This year the CME Group decided to close CME Europe and CME Clearing Europe, but the exchange group does not see the shuttering as changing overall international and European expansion plans. Rather, the investment CME put into Europe is going to continue to pay dividends as investors overseas realize the offsets CME has to offer given its broad product suite. In this first video from our Exchange Leader Series filmed at FIA IDX, William Knottenbelt, senior managing director, international, with CME Group, talks about the decision to close CME Europe and the international outlook for CME for the rest of…

Newest Criminal Spoofing Case Features Coordinated Spoofing and Front Running Blog,Commentary,Feature

The following is a guest post by Renato Mariotti, a former federal prosecutor and partner at Thompson Coburn LLP.   On last Thursday, June 1st, the Justice Department entered into a plea agreement with a trader named David Liew, publicly revealing the existence of the third-ever criminal spoofing case, which had been filed under seal on January 3rd. In the plea agreement, Liew admitted that from December 2009 to February 2012 he conspired with other precious metal traders to engage in spoofing on hundreds of occasions and to commit fraud by misleading other market participants via his spoof trades.  Liew’s…

Iraq may consider hedging crude production; Complexity In Funds Will Cost You; Volatility Is Low-But Not As Low As You Think Newsletter,Options

Observations & Insight CME Group’s WTI Weeklys On a Roll Spencer Doar – JLN Over the past few years, weekly options have become a prominent portion of CME Group’s activities in financial asset classes. Jeff White, executive director energy products and services at CME, said the weeklys trend is catching hold in commodity assets. WTI weeklys have been a particular bright spot and last week’s OPEC meeting helped the exchange set a couple of records: 1) single day volume record of 12,129 weeklys and 2) single day open interest record of 17,106 Image courtesy CME Group White pointed to some…

White House Nominates Former House Aide for Republican CFTC Vacancy; CME Group Announces Record Open Interest of 125.7 Million Contracts; Global alert to prepare for fresh cyber attacks John Lothian Newsletter,Newsletter

First Read How Do You Save the Capital Markets? Kennedy Looks to Lead Market Revamp By Jim Kharouf, JLN Nasdaq’s Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the…

Cloudy With a Chance of Data Feature,Video,video

Adam Honoré, the founder and CEO of MarketsTech, is fond of making predictions and then seeing how many of them have come true. Back in 2015, he made some predictions about tech trends in the markets. With some he was right on; others less so. But, he said, when he predicts something he hopes will happen, he tries to make it happen. Speaking at Barchart’s FinTech Exchange Chicago conference in April, Honoré said one prediction that he did “fairly well” on was that 100 percent of research and alpha discovery would be done from the cloud. And despite the fact…

So You Want Data? Julie Armstrong Menacho Says CME Is Transforming Data Feature,Video,video

Every exchange is looking at new ways to store, package and provide data to end users. CME’s Julie Armstrong Menacho said the exchange is creating platforms for the next generation of data. Speaking at Barchart’s FinTech Exchange Chicago conference in April, Armstrong Menacho outlined CME’s Technology Partner Services Directory, which provides a host of certified vendors from ISV’s, market data providers and risk management platforms. The new platform has more than 80 partners and plans to list around 200 by year end. The exchange has also been migrating its historical data into the cloud for about two years and now…

Low Volatility and the Risks of Crowded Trades; The Fear Gauge Is So Tiny, It’s Adorable; China H-share volatility at all-time low Newsletter,Options

Observations & Insight April Marketshare via OCC Lead Stories Low Volatility and the Risks of Crowded Trades Dean Curnutt, Macro Risk Advisors – Bloomberg Amid an improbable level of calm in markets, it’s worth remembering what Victor Haghani, a partner at Long-Term Capital Management, said in early 1999 about the fund’s implosion, especially given that quiet markets are compelling trading strategies that capitalize on low levels of volatility. jlne.ws/2pt69sz ****SD: Gotta say, LTCM references always get me to read more. Market Recon: The Fear Gauge Is So Tiny, It’s Adorable Stephen Guilfoyle – TheStreet Isn’t it just adorable? Cute little…

D is for Data: FinTech Exchange Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Mwiki,Tech / HFT

The sold-out FinTech Exchange conference, hosted by Barchart, was largely about data – what to do with data, how exchanges are capturing new data and how to trade it. That, on its surface, isn’t particularly new. But the infrastructure to capture all kinds of data is now developed. The CME Group’s Julie Armstrong Menacho colorfully outlined how the exchange has migrated all of its historical data onto the cloud, giving customers greater access to it, along with a growing list of partners who provide alternative data sets like satellite images of oil storage facilities or social media sentiment. CBOE’s Catherine…