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Tag Archives: debt ceiling

Interest (in) rates: CME’s suite soars Blog,Commentary,Feature,Options

Despite historical seasonality trends pointing to decreased trading activity in summer months, CME’s interest rate complex has been red hot. In the past month, CME Group has experienced records in a variety of rate-related products in terms of average daily volumes, open interest, electronic trading and investor participation. Average daily volumes (ADV) and open interest (OI) in Ultra 10-year Treasuries, Wednesday Weekly Options on Treasuries (just launched in June), electronic trading of eurodollar options are all at highs and foreign investor participation is on the rise.  (See the infographic below for more.) In August, OI in treasury options reached a record;…

Suspect trading in Equifax options; Risks From ‘Shadow Insurance’ Business; $1 Silver Options Bet Newsletter,Options

Observations & Insight House passes hurricane aid, debt ceiling extension, government funding Christina Wilkie – CNBC The House of Representatives on Friday overwhelmingly backed the Senate’s version of a bill raising the nation’s borrowing limit for three months, funding the government and providing $15.3 billion in aid for victims of Hurricane Harvey. jlne.ws/2weDgQP ****SD: It’s not your imagination — there are more curveballs thrown of late. See the Sports Illustrated cover story from May – Forget velocity, the curveball’s resurgence is changing modern pitching. ++++++ TradeStation Expands “TradeStation Salutes” Program to Include First Responders Program Now Offers Commission-Free Trading for…

Shorting the VIX Could Be Terrible; Financials Bulls Tested; LCH plans G10 NDFs, options Newsletter,Options

Lead Stories Why Shorting the VIX Could Be a Terrible Idea Jared Dillian – Equities.com The New York Times’ DealBook had a great piece of journalism a couple of days ago about short VIX carry monkeys. Well, that is what I call them. The article features a former Target logistics manager who has goosed his net worth up to $12 million by betting that the VIX will go down. He is in the process of raising $100 million for a VIX-smashing hedge fund. /goo.gl/ngccN3 ****SD: Dillian – “If this really does blow up, there is going to be some soul-searching…

Wall Street Readies Debt-Limit War Room; Bitcoin Foundation seeks protection from regulation; Deutsche Boerse Supervisory Board Action John Lothian Newsletter,Newsletter

First Read Hits & Takes Paul Georgy of Allendale is today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Speaking of opportunity, would you like to be a sponsor of our MarketsWiki Education Intern Recruiting Event? You can find details HERE. There is a unique savings opportunity if you want to be a speaker at the event and have a table to meet prospective interns. MarketsWiki sponsors get a discount on speaker opportunities, so if you become a Friend level sponsor in our special deal for $2500, you can save $500 and add to…

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…

Yossi Beinart, Former CEO of Tel Aviv Stock Exchange, Dies at 61 John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Condolences to the family, friends and former colleagues of Yossi Beinart, who passed away late Wednesday at the age of 61. He stood down as CEO of the Tel Aviv Stock Exchange due to illness. We knew Yossi from his days as the CEO of NADEX in Chicago. He will be missed.~JJL Most small and emerging hedge fund managers in the new AIMA/GPP Emerging Manager Survey 2017 from the Alternative Investment Management Association said they intend to add to their staff headcount in the next three years, with 84 percent planning to…

Investors seek more protection; Hong Kong attracting bearish options; Volatility of cryptocurrencies Newsletter,Options

Lead Stories Investors seek more protection against risk of a Wall St plunge; A gauge that tracks hedging against a fall in US stocks is near a record level Joe Rennison and Nicole Bullock – Financial Times Investors are stepping up efforts to insure their portfolios against a sharp drop in US stocks, as fears intensify that Donald Trump will struggle to deliver an economic stimulus package that has helped propel the market to record levels this year. /goo.gl/JqUedw ****SD: A CBOE SKEW index story. For more, check out Matt Moran’s blog from last Friday – Demand for Disaster Protection…

Options Traders Aren’t Sweating the Debt Ceiling; China Inc.’s Next Debt Headache Is $580 Billion of Put Options Coming Due; Banks relying on volatility resurgence to boost trading profits Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Up Two Percent in July OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in July was 324,718,888 contracts, up two percent from the July 2016 volume of 317,045,566 contracts. OCC’s year-to-date average daily cleared contract volume is also up two percent with 17,045,133 contracts in 2017. jlne.ws/2wieijX Lead Stories Options Traders Aren’t Sweating the Debt Ceiling Chris Dieterich – WSJ The bond market recently appeared jittery about a protracted fight on Capitol Hill over the debt ceiling. Options? Not so much. A reading of the options…

JLN Financials: German Court Refers OMT Decision to Europe’s Top Court; Comparing U.S. and Euro Area Unemployment Rates; Skating Close to the Edge, Again, on the Debt Ceiling Financials,Newsletter

First Impressions Rick Lane Q&A: How Trading Technologies plans to revolutionize tradingRick Lane has been looking into the future for some time now. The former co-founder of Tickit Trading, which was acquired by Trading Technologies in 2010, has quickly risen from chief technology officer in April 2012 to the new CEO of TT. As CTO, he’s also been busy overseeing a major rebuilding of TT’s technology, which is soon to be unveiled. Now he now succeeds industry legend Harris Brumfield, who has run the company for the past 11 years. Brumfield will take on the role of chairman of TT. John…