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Tag Archives: CME

JLN Options: TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market Structure Newsletter,Options

Lead Stories TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market StructurePress Release (MarketWatch)US equity options market makers tell TABB Group they are re-examining business models due to declining volumes, stagnating volatility and rising technology expenses that have created a business environment favoring larger firms with technology capable of scaling. TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market Structurehttp://jlne.ws/XwWA79 CME Rejected Settlement With Regulators The Wall Street JournalCME Group has rejected a settlement with the Commodity Futures Trading Commission of charges that two former traders leaked…

JLN Options: Corzine avoids lifetime futures ban, for now -regulator Newsletter,Options

Lead Stories Corzine avoids lifetime futures ban, for now -regulatorTom Polansek, ReutersA key U.S futures-market regulator said on Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.http://jlne.ws/YI2kJl **Nothing to see here.  Move along. –JB Hybrid Structured Note Sales Rise as Volatility Falls to LowKevin Dugan, BloombergU.S. banks sold $271.9 million of structured notes that are tied to multiple types of assets in February, the most in almost two years, as volatility fell to its lowest level since 2007.http://jlne.ws/YIbi9y SPX Weeklys –…

JLN Options: CFTC Proposal Poses “Monumental” Challenge to FCMs Newsletter,Options

CFTC Proposal Poses “Monumental” Challenge to FCMsBy John Lothian Changes to the way customer funds are held and accounted for by futures commission merchants (FCMs) were inevitable after the bankruptcies of MF Global and Peregrine Financial Group. But it is pressure from buy-side market participants and their allies in Congress who are pushing for regulatory changes that could change the face of the futures business. At last week’s CFTC Roundtable, the fourth panel of the day titled “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organization,” highlighted the challenges and potential consequences to…

FIA Futures Hall of Famer John F. Gilmore, Jr. Has Passed Away Blog

John F. Gilmore, Jr.

John F. Gilmore Jr. passed away Monday evening after a heroic 20 year battle with cancer.  John was a retired partner of Goldman Sachs, a founding partner of Liquidity Direct, in addition to being Chairman of the Chicago Board of Trade in 1986 and Vice Chairman in 1985.  In 2005, he was inducted into the Futures Industry Association Futures Hall of Fame. John was a 35 year member of the CBOT, a member of the CME, a 7 term director at the CBOT, a 9 time Governor of the CBOT Clear Corporation and a founding member of the Chicago Board…

JLN Options: CBOE In Settlement Talks With SEC Over Investigation Newsletter,Options

Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013MarketsWiki.tv Sanjeev Joshipura, president of Commodity Markets Council, talks about how Dodd-Frank rules will impact his membership base. Joshipura talks with JLN editor-in-chief Jim Kharouf about the future of the controversial position limit rule, which was vacated by a US District Court on September 28, 2012. A new position limit rule is expected from the Commodity Futures Trading Commission (CFTC), which will include a cost-benefit analysis. CMC is also focused on the CFTC’s reauthorization this year and the continuation of EMIR regulations. Joshipura also talks about US and EU regulatory…

Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013 Interview,Regulation,Video

Sanjeev Joshipura

Sanjeev Joshipura, president of Commodity Markets Council, talks about how Dodd-Frank rules will impact his membership base. Joshipura talks with JLN editor-in-chief Jim Kharouf about the future of the controversial position limit rule, which was vacated by a US District Court on September 28, 2012. A new position limit rule is expected from the Commodity Futures Trading Commission (CFTC), which will include a cost-benefit analysis. CMC is also focused on the CFTC’s reauthorization this year and the continuation of EMIR regulations. Joshipura also talks about US and EU regulatory harmonization and the challenges facing that goal.

JLN Options: Nasdaq to Offer Options on U.S. Treasury Securities This Month Newsletter,Options

Lead Stories Nasdaq to Offer Options on U.S. Treasury Securities This MonthLiz Capo McCormick, BloombergNasdaq OMX Group Inc., the second- biggest U.S. exchange operator, will offer options on U.S. Treasury securities to allow buyers to hedge interest-rate risk.http://jlne.ws/XjLYWW Some Trader Has Made A Very Big Bet That Something Very Bad Will Happen Within The Next 60 DaysSam Ro, Business Insider[A]ccording to UBS’s Art Cashin, some options trader has made an enormous $11.25 million bet that the VIX will explode higher very soon.http://jlne.ws/11Ly8m7**Confusing terminology on what the trader actually did – I assume they meant he bought the April 20-25 call…

JLN Options: CME’s Daily Trading Volume for Treasury Options Hit Record Friday Newsletter,Options

Lead Stories CME’s Daily Trading Volume for Treasury Options Hit Record FridayDow Jones Business News (via NASDAQ)Total daily volume edged up 0.1% to 1,174,227, compared with 1,172,710 reached on June 8, 2007. This included a record 639,306 Treasury options executed on CME Globex.http://jlne.ws/Wsv1tX Are SPX Options Too Cheap?MinyanvilleOne of the first themes of options trading that I learned on the trading desk was that the best predictor of future volatility is recent realized volatility, with all else being equal. Best predictor does not mean good predictor. It simply means that, of all the alternatives, recent realized volatility is the best…

JLN Options: Options Exchange ISE Turning to ETFs Newsletter,Options

LEAD STORIES Options Exchange ISE Turning to ETFsBrendan Conway, Barron’sThe International Securities Exchange, neck-and-neck for the number three spot in the U.S. stock-options market, just rechristened its product-development group as ISE ETF Ventures, if that gives you an idea where the options exchange sees its future.http://jlne.ws/Vqr5rI Wall Street vs. commodity traders at U.S. watchdog swaps hearingDouwe Miedema, ReutersWall Street banks and Chicago commodity traders on Thursday will each try to sway the top U.S. derivatives regulator their way at a public hearing on whether new rules unduly favor one of the two rivals.http://jlne.ws/Vqppyn Low Volatility Here to Stay? VIX Futures…