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Tag Archives: Credit Suisse

Currency vol expectations regarding Jackson Hole; Debt-ceiling concerns; Credit Suisse hires Ebert from BAML Newsletter,Options

Observations & Insight Risk of sharp currency moves drives investors into hedged ETFs Helen Reid, Saikat Chatterjee and Trevor Hunnicutt – Reuters Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates. Typically foreign investors buy un-hedged equities since share prices are usually negatively correlated to currencies. In fact, they offer a partial hedge against sharp moves in foreign exchange. /goo.gl/8JWyxh ****SD: How do ETF providers do this? Generally with forwards and options. The “o” word is only mentioned once in the article, but currency derivatives are really the heart of the…

Credit Suisse Probe Opens Old Wounds; Trump Wants a Pro-Business SEC. That Has Some Investors Worried; Goldman warns Federal Reserve over commodity trading rules fallout John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian William “Bill” Hagerty, Jr., former Chairman of the Chicago Board of Trade and one of the industry’s great gentlemen, has passed away at the age of 87. Bill was the head of what was once the longest tenured member firm of the CBOT, Hagerty Grain, and was a customer of mine when I was a broker. From that relationship I had the opportunity to get to know Bill and came to respect him greatly. When I ran for the NFA Board of Directors back in the early 2000s as an Introducing…

French political risk finally shows in equity markets; The Best Trump Trade No One Expected; January Options Volume Remains Anemic Although Market Quality Improves Newsletter,Options

Lead Stories French political risk finally shows in equity markets Kit Rees – Reuters A spike in expectations of European equity market volatility around the first round of France’s presidential election suggests investors are belatedly starting to worry about the outcome and potential price swings. reut.rs/2kGHYSs ****SD: Bloomberg – Hedging Costs for French Stocks at 5-Year High to Europe: Chart. The election is April 23. The Best Trump Trade No One Expected Sumit Roy – ETF.com What’s the best-performing trade since Donald Trump was elected president? Even today, with the benefit of hindsight, a lot of people might not know….

Deutsche Bank, Credit Suisse Settle U.S. Probes as Barclays Sued; The World’s Largest Hedge Fund Is Building an Algorithmic Model From its Employees’ Brains; Barclays Balks at U.S. Demand It Pay Up Over ‘Craptacular’ Loans John Lothian Newsletter,Newsletter

First Read Markets Aren’t the Only Thing That Make Lows By John J. Lothian The holidays are supposed to be a time of merry cheer and happy tidings and for many that is the case. However, for others it is a time of loneliness and even depression. It is easy to miss the signs in friends and family members as we are celebrating the holidays, but it is important to keep in mind. Holidays can be a time of new lows. For some the loneliness and depression are a matter of missing loved ones who have departed. It is the…

John Lothian Newsletter: Peak Finance Looks Like It’s Over; Banks Lead Charge to Adopt AI for Business; U.S. to expand rules for ‘too-big-to-fail’ clearing houses John Lothian Newsletter,Newsletter

First Read Invest in the Future; Trading Tech Awards Event to Launch Merit Badge Workshop Program Expansion By John Lothian Trading Tech Awards Event – Register Here For 45 years the financial community of Chicago has been supporting the Boy Scouts of America with an event that used to be held right on LaSalle Street under a big circus tent in front of the U.S. Federal Reserve Building. The event was the LaSalle Street Dinner. It still exists, but in a different form. In the past, leaders from the financial community, prominent bankers, brokers, clearinghouse executives and exchange leaders served…

John Lothian Newsletter: Why Morning Is the Worst Time to Trade Stocks; Psychological scars fuel investor jitters over Fed rates; 3Red set for ‘spoofing’ legal battle John Lothian Newsletter,Newsletter

First Read All Smalls and Mediums: Richard Sandor Looks To Transform The Small and Mid-Tier Bank Sector (Part 2) JohnLothianNews.com Over the past 40 years, Richard Sandor has created some of the most successful products in financial markets, from interest rate futures to greenhouse gas derivatives. Now he’s shifted his attention to small and mid-sized banks with a new exchange platform that could transform the way in which those Main Street institutions lend, borrow and set interest rates for themselves. Sandor spoke with John Lothian News about his new venture, the American Financial Exchange, and the future for his latest…

John Lothian Newsletter: High-Speed Firm Virtu Revives IPO Plans; U.K. Launches Investment Banking Competition Investigation; Deutsche Börse profit up nearly 80% John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian If you missed Jim Kharouf‘s tribute to the late Ivers Riley in yesterday’s newsletter, please go back and read it. Jim did an exceptional job of capturing the man and all he did for our markets. I was privileged to have met Ivers when he was ISE chairman, but Jim’s roots with Ivers went further back and he was the perfect journalist to write his story. Longtime Chicago Tribune reporter, editor and editorial board member Greg Burns is moving to Allstate Insurance to take over responsibility for their financial communications. Read…

John Lothian Newsletter: 17 Brokerage Firms Agree to End Analysis Previews; Credit Suisse ‘helped US tax evaders’; London and Singapore make move on renminbi trading John Lothian Newsletter,Newsletter

First Read CME Group Launches FuturesFundamentals.com Educational Website CME Group, the world’s leading and most diverse derivatives marketplace, announced today that it has launched FuturesFundamentals.com, an innovative educational website to help explain the role of futures markets in everyday life. jlne.ws/1fqINDQ ***** This is an excellent production from the CME. The way this industry is going to grow like it used to grow is through education, education and education. ++++ ADM’s Juan Luciano Takes Over President Role From CEO Shruti Date Singh – Bloomberg Archer-Daniels-Midland Co. Chief Operating Officer Juan Luciano took on the additional role of president, a title…

JLN Options: CBOE expects to be fined by SEC for regulatory shortcomings Newsletter,Options

Lead Stories CBOE expects to be fined by SEC for regulatory shortcomingsAnn Saphir, ReutersCBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization.http://jlne.ws/11TeLUj Option Player’s ‘Iron Condor’ Sees Range-Bound Dow Fund  Kaitlyn Kiernan, The Wall Street JournalAs the Dow looks set to finish above 15000 for the first time, one options trader set up an “iron condor” to bet the blue-chip index would remain range bound over the next seven weeks.http://jlne.ws/15q2JYX Dow Climbs Above 15,000 on Stimulus Optimism, EarningsInyoung Hwang, BloombergU.S. stocks rose, sending the…