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Tag Archives: CME

JLN Options: When options trading ahead of deals raises eyebrows Newsletter,Options

COMMENTARY & INSIGHT From the John Lothian Newsletter: One Giant Step for ISE…Gary KatzSince John was gracious enough to let me stand on his soapbox this week, I am going to use it for a little shameless self-promotion this morning. As I hope many of you have already seen, ISE announced the brand name of our second options exchange yesterday – ISE Gemini. While we are still pending regulatory approval and expecting to launch in late Q2, this is another major step forward for us. The name itself was chosen through an internal committee which honed in on Project Gemini…

JLN Options: White House Derivatives Tax Proposal Puts Wall Street in the Crosshairs Newsletter,Options

Commentary & Insight World Federation of Exchanges CEO Huseyin Erkan Shares His Perspective on the Global Economy MarketsWiki.tv Huseyin Erkan is CEO of the World Federation of Exchanges (WFE) and was formerly Chairman and CEO of the Istanbul Stock Exchange (ISE) from 2007 to 2012. Before becoming CEO of WFE, he was a member of the WFE’s Board of Directors from 2008 to 2011. Erkan spoke with JLN Editor-in-Chief Jim Kharouf about the WFE’s current restructuring process, what the end of regulatory reform means for exchanges, potential drivers for growth in 2013, and what impact the global economy will have…

JLN Options: Not Enough Reform on Derivatives Newsletter,Options

Lead Stories Not Enough Reform on DerivativesThe New York Times (Editorial)On Thursday, several bills to pre-empt the regulation of derivatives will be the focus of a hearing in the House Financial Services Committee. The bills, which have already passed the Agriculture Committee, must be stopped if the world is to be made safe from reckless risk-taking by banks. As it turns out, Representative Jeb Hensarling, Republican of Texas and the new head of the Financial Services Committee, may be the man to stop them.http://jlne.ws/17qYlag S&P 500 hits new record high; financials leadAngela Moon, ReutersStocks rose more than 1 percent on…

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: VIX: Has Vol-of-Vol Stopped Working? Newsletter,Options

Lead Stories VIX: Has Vol-of-Vol Stopped Working?Jared Woodard, The StreetOne of the phenomena we have focused on a lot in our CBOE Volatility Index (VIX) trading over the last few years is the volatility of volatility.http://jlne.ws/XolTsr The VIX Index Rises As Reality Sets In: Weekly VIX ETF ReportWall Street Sector SelectorThe VIX Index (but not VIX ETFs) appeared to be reacting in fear to the declining equity markets.  The NASDAQ’s 2% slip, the Russell 2000′s 1.7% slip, and the S&P 500′s 1% slip likely did not quell investor fears, as it appears by and large that the major indexes are…

JLN Options: Citadel Asks Supreme Court to Hear Derivatives Case Newsletter,Options

Lead Stories Citadel Asks Supreme Court to Hear Derivatives Case Jacob Bunge, The Wall Street JournalOne of the biggest U.S. derivatives traders has joined a long-running legal battle over a lucrative slice of the market and asked the Supreme Court to decide the matter.Citadel LLC, which trades one in five stock-options contracts dealt daily on U.S. markets, has called on the nation’s highest court to loosen the hold of the Chicago Board Options Exchange over heavily-traded contracts linked to major stock indexes.http://jlne.ws/ZBUP5n U.S. Stocks Little Changed as Stimulus Optimism FadesLindsey Rupp & Nikolaj Gammeltoft, BloombergU.S. stocks were little changed, paring…

JLN Options: Low Volatility’s Big Run: Will It Last? Newsletter,Options

Lead Stories Low Volatility’s Big Run: Will It Last?Brendan Conway, Barron’sThe more staid parts of the stock market have a reputation for lagging when major indexes rise quickly. Just not this year.http://jlne.ws/10VPWsu JPMorgan Tells SEC New VaR Model Didn’t Require Prior DisclosureDawn Kopecki, BloombergJPMorgan Chase & Co. (JPM), facing criticism that it misled investors about a change to a risk model as trades backfired last year, told U.S. regulators that the bank wasn’t obligated to disclose the move until May.http://jlne.ws/WYtqhr Competition hots up in EU derivatives marketHuw Jones, ReutersTwo U.S. operators are set to go head-to-head in the European Union…

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: HKEx Announces Stock Options Revamp Newsletter,Options

Lead Stories HKEx Announces Stock Options RevampMary Swire, LawAndTax-News.comHong Kong Exchanges and Clearing Limited (HKEx) is to revamp its stock options market in a range of areas, from product design and fees to market making, with effect from May 2 this year, in response to growing market interest in the product.http://jlne.ws/Z3z2H0 Continental drift: will derivatives shift to Asia?Future and Options IntelligenceThe global resurgence of volumes in 2013 has affected twice as many Asian exchanges than European, which helps to account for why western eyes are fixed firmly on the east writes Jonathan Watkins.http://jlne.ws/Z3zPHS Dr. Ben Kicks VIX ETFs In The…