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Tag Archives: derivatives

Endangered Options Specialists; FX volatility; Derivatives need LIBOR alternative Newsletter,Options

Observations & Insight Miscellany for Friday SD– JLN Perusing the day’s most active option chains on the OIC’s website yesterday was a bit wonky. Only one of the 19 most active equity symbols had more put activity than calls, that being FOXA (21st Century Fox). On the ETF side, there was a lot of lopsided action. TLT (20-yr Treasuries) saw 92 percent of its activity on the call side. The flip side of that coin – ETFs dominated by put activity – was populated by EEM (emerging markets), QQQ (Nasdaq), EWZ (Brazil) and SMH (semiconductors), with puts accounting for 80…

A new generation of anti-Americans; SEC judges appointment violated Constitution John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff We have produced a promotional video for the Crypto Evolved event in New York on Wednesday at the New York Athletic Club. Trading Technologies’ Mike Unetich visited our offices to give the conference a plug. Please take a look and visit www.crypto-evolved.com for more details.~JJL FIA Operations Americas Division members are invited to enjoy food, drinks and an exciting game of baseball at the 18th Annual Summer Outing in Chicago. Join the Operations Americas Division for the Sox v. Yankees on 8/8. Get the details and register~JJL FIA Announces Fourth Annual Innovators Pavilion…

May Volumes; Fixing the VIX; 50 Cent; OIC Options Studies Newsletter,Options

Observations & Insight US Options Volumes Remain on Record Pace Despite Slowing Momentum TABB Forum US options volumes slipped again in May 2018, losing some of the momentum established during a torrid first quarter, but volumes still remain on pace to hit record levels for the year. May 2018 volumes fell to 366 million contracts, from April’s 398 million contracts. However, year-to-date US options volumes represent a healthy 25.2% gain over 2017. bit.ly/2KaE7K7 ****SD: The only exchange with a decrease in volume YoY is Nasdaq BX, but that drop was a mere 2 million contracts, which is more than made…

Broker sued over ‘demo’ trading platform mix-up; Deutsche Bank risk questions John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Rumi Morales will be announcing the launch of a major investment platform in the US on Wednesday, June 27.~JJL The 2018 Managed Futures Pinnacle Awards were last night in Chicago. Colin Jost from Saturday Night Live was the entertainment this year. He started by introducing well known “Irish Catholic” Sol Waksman. He later gave the CME Group a raunchy salute, probably for the political censorship by which he was confined, by sharing that he is a numbers guy. Enough said.~JJL For those concerned that ETFs with illiquid components will be the cause of…

Untangling the Execution Landscape Feature,Mwiki,Video,video

One vendor, two vendor, red vendor, blue vendor – how many vendors does your company utilize for trading activity? In this video from IDX in London, Fidessa’s head of business development, derivatives, Russell Thornton talks about brokers’ need to find a one-stop shop for their execution needs and Fidessa’s GT workstation.   Produced by Mike Forrester Interview by Spencer Doar

Cboe’s year of change; Committee for Options Markets?; VIX lawsuit developments Newsletter,Options

Observations & Insight FIA IDX 2018 – Brexit’s Influence on Global Markets JohnLothianNews.com MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is no time to rest on the laurels of a successful implementation with Brexit looming. Brexit cuts across all the other issues on FIA’s plate in Europe. One aspect of MiFID II left unresolved is equivalence assessments, which are impacted by Brexit. The Emir review this year, with its…

Shortwave trading; “Quitaly” update; Warning bells Newsletter,Options

Observations & Insight OCC 2017 Interactive Annual Report OCC On behalf of the Board of Directors and my fellow colleagues at OCC, I am pleased to share with you our 2017 annual report. Over the past year, the team achieved a number of key milestones that position OCC for continued resiliency, innovation and growth while strengthening our role as an industry leader and market influencer. /goo.gl/9USqKf ****SD: I like the multi-media aspect of this report – videos with Walt Lukken, Bill Brodsky and more are included. Some numbers – $78.7 million refunded to clearing members; $15.2 billion held in clearing…

Born Tech’s Haworth on MiFID II’s Real-Time Problems Feature,Mwiki,Regulation,Video,video

MiFID II may have been implemented in January, but that does not mean that everyone in markets was adequately prepared. Certain aspects of the regulation, such as unbundling, were widely understood, but MiFID’s RTS 6 obligation might have some participants still adjusting. RTS 6 requires that firms engaging in direct electronic access (DEA) or algorithmic trading monitor their activities and markets in real-time for “disorderly trading.” In this video, Born Technology’s CEO Derek Haworth talks about some of these challenges stemming from MiFID II.   Produced by Mike Forrester

Options Markets Stability Act passed; Short-Volatility Bets Boom Newsletter,Options

Lead Stories Financial Services Committee Unanimously Passes Hultgren’s Options Markets Stability Act Congressman Randy Hultgren Today, the House Committee on Financial Services unanimously passed H.R. 5749, the Options Markets Stability Act. The legislation authored by U.S. Rep. Randy Hultgren (IL-14) would facilitate liquidity in options markets by calling on bank regulators to provide targeted capital relief. bit.ly/2JOG7Ym ****SD: Woo hoo! Securities Lending Times on the issue here. Short-Volatility Bets Boom as Hedge Funds Take Baton From Banks Yakob Peterseil – Bloomberg Fast money bets on muted price swings in debt, mutual funds; Option sales profitable as private-bank clients go long…