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Tag Archives: derivatives

NYSE vet Peggy Sullivan joins exec team at Vela; Nvidia’s Crypto Business Dries Up John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff SGX reported an open interest record in its USD/CNH futures contract on August 16 of 49,631 contracts, with a notional value of $4.96 billion.~JK The WILD Chicago Event: Sexual Harassment at work in the #MeToo Era, which was originally scheduled to take place August 16, has been rescheduled for October 4, 2018. The event, presented by Women in Listed Derivatives, will be conducted by Jennifer Schoen Gilbert of Stowell & Friedman, Ltd., a law firm dedicated to defending employees’ civil rights including against sexual harassment. The workshop will provide an open ended discussion…

Tradeweb Adds Options RFQ Functionality; Volcker Rule Revision Update Newsletter,Options

Observations & Insight Thursday’s Grab Bag Spencer Doar – JLN Remember how that LJM fund went kaput in epic fashion in February? Remember how the gargantuan loss prompted a whole bunch of investor lawsuits? Well, here’s the update: the lead plaintiffs need to file their class action complaint today. (As of publishing time, it does not appear available.) The defendants need to respond to that complaint by October 1. If defendants move to dismiss, then the ball is back in the plaintiffs’ court to respond by November 5. The OCC will be performing system maintenance on Sunday – MyOCC and…

The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks; Big Ag Firms Face New Threat John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Bailey Kessing of Trillium is the focus of today’s video from our MarketsWiki Education World of Opportunity series in New York. I believe Bailey is the youngest person we have had as a speaker at our MWE programs. Bailey was also the 2018 winner of the women’s longest drive contest at FIA Boca, which is a first for us too.~JJL One of the highlights of The Voice of Blockchain event next week will be a presentation from Brittany Kaiser, the whistleblower who helped expose the abuse of Facebook data by Cambridge Analytica. The…

July Options Market Quality Best in 5 Years; Cboe delays FLEX rule Newsletter,Options

Observations & Insight Significant short-term market impact to no-deal Brexit – Hunt Gederts Gelzis – Reuters The short-term market impact will be significant if Britain leaves the European Union without a deal, Foreign Secretary Jeremy Hunt said during a visit to Latvia on Wednesday. /reut.rs/2PbRigX ****SD: Not that this isn’t important to note, but I wouldn’t have this as high up if it weren’t for the great picture of Jeremy Hunt that accompanies the story. Lead Stories July Options Market Quality Best in Almost 5 Years TABB Forum Options LiquidityMatrix The average bid/ask spread in July narrowed, from 0.26 in…

Ether Tumbles Amid ICO Concerns; Shale boom zaps volatility in US nat gas John Lothian Newsletter,Newsletter

First Read Cinnober’s new CEO will have to consider the next move Jim Kharouf, JLN The news that Veronica Augustsson was out as CEO of Cinnober Financial Technologies and newcomer Peter Lenardos was in was a shock. Augustsson, who had been CEO the past six years and with the firm since 2002, grew up with the company and reached a pinnacle few women ever reach. She did so with warmth and a friendly smile, but she also had a vision to diversify the company into a variety of sectors beyond its core business of real-time clearing, risk and surveillance systems…

Online Stock Trading Has Serious Security Holes; CTAs Are Losing Money John Lothian Newsletter,Newsletter

First Read Tech firms looking to change the technology stack Jim Kharouf, JLN The question for the industry today is whether firms have hit the technology breaking point. In other words, can firms continue to maintain and sustain the technology they’ve built over the past 20-plus years? A new breed of tech firms is emerging to help address this challenge. There are increasing signs that the so-called “technology stack” at various firms is not economically sustainable, nor is it necessarily more efficient. For years, various technology vendors have been expanding their product mixes to handle front, middle and back office…

US Options Volume on Pace for Record Year; Canadian Pension Fund Leverage Newsletter,Options

Lead Stories US Options Volume on Pace for Record Year Despite Drop Off, Lower Volatility in Q2 Russell Rhoads – TABB Forum (Free Subscription w/ Registration) US options volume remains on track for a record year, despite a volume drop off from the first quarter to Q2 2018. Volatility was lower compared to Q1, but still was elevated relative to the past couple of years. Average bid/ask spreads narrowed from month to month, with June posting the narrowest spreads in 2018. TABB Group’s exclusive US Options Market Review examines market trends in US-listed options markets, including detailed insight into volume…

Big Data: Too Popular for its Own Good? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Today is your last chance to save $75 on tickets for A Leg to Stand On’s Rocktoberfest charity events in Chicago and New York! ~SD In Q2, ICOs raised $8.3 billion versus $3.3 billion in Q1. The average return of ICO tokens in Q2 was -55 percent.~SD Brazilian exchange group B3 reported that Q2 average daily volume in its derivatives segment rose 36.7 percent over Q1, and 4.7 percent year-over-year.~JK According to Preqin, there are now 499 members of the “Billion Dollar Club,” which is what it calls those institutional investors who…

Trump administration cuts staff at financial markets watchdog John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We recently learned of some sad news: Joe Levin, a longtime Cboe vice president, passed away on July 29, 2018 at the age of 71. Before leaving the Cboe in June 2014, he served as the company’s vice president of research and product development. Among his many contributions to the exchange, Levin was instrumental in laying the groundwork for Cboe’s volatility products, including futures and options on the VIX index. Memorial contributions may be made to Progressive Supranuclear Palsy (www.psp.org).~SR CFTC Commissioner Chris Giancarlo played banjo on Mike Marlin’s album “Grand Reveal”…