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Tag Archives: Craig Donohue

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,…

OCC chief Donohue latest to warn over Basel rules; Does a 263% Profit Mean Markets Are Efficient?; What History Says About Low Volatility Newsletter,Options

Observations & Insight June 2017 Options Exchange Marketshare via OCC ++++++ OCC Cleared Contract Volume Up Two Percent in June OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in June reached 387,597,223 contracts, a two percent increase from the June 2016 volume of 378,908,938 contracts. OCC’s year-to-date average daily cleared contract volume was also up two percent from 2016 with 17,174,603 contracts. Cleared futures volume was up 16 percent in June with 13,194,530 contracts, and securities lending CCP activity was up 27 percent over June 2016 with 1,142,708 new loan transactions. jlne.ws/2tiXQjn ++++++…

Providing Stability for the U.S. Listed Equity Options Market; Virtu – More Market-Making M&A Ahead; The Changing Face of Volatility Newsletter,Options

Observations & Insight Futures For Kids had another successful fundraiser at the FIA IDX Gala Dinner last night, raising more than GBP140,000. Jim Kharouf – JLN Kim Taylor’s kilt challenge raised over GBP12,000, topping Bill Herder’s total last year, on her birthday no less. Next year’s wearer of the kilt is Mark Ibbotson of GH Financials. Over its 10-year history, FFK has raised more than GBP3 million for more than 40 charities in more than 16 countries. Way to go Bill Templer, Emma Davey and the rest of the FFK team. ++++++ Have you checked out the lineup for Trading…