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Tag Archives: Craig Donohue

Despite What You Read, The Options Industry Is Doing Great JLN Options Newsletter,Newsletter,Options

Observations & Insight Trump warns of stock market crash if he’s ever impeached: ‘I think everybody would be very poor’ Nataly Pak and Jordyn Phelps – ABC News Two days after President Trump’s former personal attorney pleaded guilty to illegal campaign contributions, the president ripped Michael Cohen for “flipping” to accept a plea deal, while also warning that the stock market would tank if the Democrats win control of Congress and move to impeach him. /abcn.ws/2o18olg ****SD: He also blasted “flippers” and said “I will stay uninvolved” after slamming Sessions, Justice Dept. As to the market tanking story above, Bloomberg…

A Messy Battle Brews in the Options Market John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Whenever CME Group and Nex Group close their deal, it is expected to boost to CME’s international revenues 35 percent, according to a Q1 report from the exchange.~JK ++++ Tom Scanlan and NEX Group ran a Trading Tech 300 merit badge workshop yesterday in Chicago, featuring the geocaching merit badge. Thank you to Tom and NEX for their great contributions to Boy Scouts. More data on the problem with overfitting: according to a recent study covering 215 alternative beta strategies from 17 investment banks (which included both backtest and live data), only…

OCC’s Evolving Leadership Role in the Options Industry Feature,Mwiki,Video,video

The OCC didn’t always position itself as a thought leader in the derivatives industry, but as exchanges’ business interests shifted over the years to multiple asset classes, OCC is one of the few organizations left that can bring its focus solely to bear on equity options.  In this video, OCC CEO and Executive Chairman Craig Donohue talks about the evolution of the OCC and the Options Industry Council. 

Regulatory Issues Confronting the Options Industry Feature,Video,video

The OCC has a number of regulatory initiatives it would like to accomplish in the coming years, and in this video Craig Donohue, OCC executive chairman and CEO, talks about two key calculations that need changing. First, regulators need to adopt a risk weighted asset calculation that better reflects the true exposure of a clearing member firm. Second, the OCC wants to make sure that the supplemental leverage ratio includes customer initial margin. The OCC is working on potential interpretive relief or narrowly tailored rulemaking in the interim to help ease the burden.     Produced by Mike Forrester

OCC Re-Elects Craig Donohue as Executive Chairman Newsletter,Options

Observations & Insight The Future of Exchanges Will Feature More Collaboration, WFE Report Says Jim Kharouf – JLN Exchanges will have to spend more, share more and collaborate more in the coming years, according to a published report from the World Federation of Exchanges (WFE) and Oliver Wyman. The report, issued on Thursday at the 35th IOMA: The WFE’s Clearing & Derivatives Conference in Chicago focused on the recent trends for the exchange, CCP and market infrastructure providers since the 2008 financial crisis. /jlne.ws/2HwdDlQ ++++++ Editor’s Notes Our next episode of The Spread will be posted Monday. According to FIA…

The Spread – Week of 1/29 – 2/2 Video,video

We’re baaaack! The flu season stinks but this episode of The Spread doesn’t. The Spread is a brief recap of some of the notable activity in the options world.  The following are stories referenced in this week’s episode of The Spread: MarketWatch – Volatile enough? Wall Street’s fear gauge on track for largest weekly rise in 5 months Cboe – Cboe Global Markets Sets Several Daily Volume Records on Friday, February 2 Bloomberg – VIX Securities Get Traded Like Crazy After Volatility Picks Up Traders – Fragmentation and Liquidity Issues Must Be Addressed to Maintain a Resilient Listed Options Market…

Interview with OCC’s Donohue; Boom in VIX trading; Industry bits Newsletter,Options

Observations & Insight Bits and Pieces SD– JLN While the war of words over Cboe’s end-of-day trading proposition regards equities, we’re going to keep you updated, since the players involved are options exchange groups, too. Today’s news pertains to Cboe and Nasdaq – the two biggest options exchange groups by market share in the U.S. Plus, there are thoughts that, if implemented, the new closing process could affect volatility around the close, which is an options angle. Anyway, Nasdaq CEO Adena Friedman called the proposal “irresponsible” and “really bad for investors” and urged regulators to give it a harder look….

Reflections on the Life and Contributions of Robert K. Wilmouth Blog,Regulation,Regulation & Enforcement

Tom Sexton, NFA President & CEO: We have very few of these days at NFA but today is a very sad day.  This morning, we learned that NFA’s first President and Chief Executive Officer, Robert K. Wilmouth, passed away after an illness.  Bob served as NFA’s President and CEO from 1982-2003 when Dan Roth succeeded him.  Afterwards, Bob served as a Special Policy Advisor from 2003-2008. Anyone who was fortunate enough to work with Bob was struck by Bob’s many leadership qualities, including his professionalism and demanding work ethic.  Most importantly, Bob had a deep appreciation and loyalty to every…

Cloudy with clearing: What the next clearing house looks like Blog,Commentary,Feature,Options

John Davidson joined OCC as president and chief operating officer in May with a firm focus on ushering in the next generation of clearing technology for the world’s largest clearing organization. Davidson is one of several recent executive team hires tasked with executing the switch from one established technology platform to something new. This is no small task for Davidson, who reports to OCC Chairman and CEO Craig Donohue and works closely with Scot Warren, OCC’s executive vice president and chief administrative officer. OCC’s ENCORE system now stands at about 20 years old, and while there have been many upgrades,…