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Tag Archives: derivatives

Automation in FX markets; Giancarlo warns EU to stay off clearing turf; Rolet’s awkward departure John Lothian Newsletter,Newsletter

First Read ABN AMRO Loves Fidessa By John Lothian – JLN The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC . He is driving this installation and rollout of Fidessa’s systems at ACC. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said…

Options on ETFs Warning; Short-vol Funds; Oil Options Newsletter,Options

Observations & Insight VIX Index Hits All-Time Daily Closing Low Value of 9.14 Matt Moran – VIX Views On November 3 the Cboe Volatility Index (VIX) closed at 9.14, an all-time record low for both a daily and weekly closing value for the index. jlne.ws/2Ad9w9m Lead Stories If You’re Trading Options on ETFs, Read This First Simon Constable – WSJ More individual investors are trading options on exchange-traded funds. The trend worries some financial experts, who say inexperienced traders may not fully understand the risks. Interest in ETF options comes amid growth in the number of ETFs and the amount…

Rolet’s LSE Exit Gets Complicated; Saudi Purge; Paradise Papers John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff CME is pleased to sponsor the Women in Listed Derivatives Annual Symposium in Chicago. This year’s symposium will feature Holly Glowaty, co-founder of K + H Connection, a Fintech partnership company, followed by a panel of distinguished financial advisors taking an in depth look at “Women and Personal Investing.” The panelist are:  Carolyn Leonard, CEO and Co-Founder of Dymynd (moderator) Patricia DeChant, Vice President at CIBC Atlantic Trust Private Wealth Management Mary DiChristafano, Graystone Consulting/Morgan Stanley Private Wealth Management Julie Shechtman, Senior Vice President at Morgan Stanley Wealth Management KhloÈ Karova, Owner…

Goldman exits options market making; Historic volatility; SocGen struggles Newsletter,Options

Lead Stories Goldman Sachs to Withdraw From Part of U.S. Options Market Brian Louis – Bloomberg Will stop serving as a market maker on U.S. exchanges; Traders struggling with high costs, low volatility in options Goldman Sachs Group Inc. will stop serving as a market maker on U.S. options exchanges, following others in exiting that business amid high costs, sluggish volume and low volatility. /goo.gl/hxa23m ****SD: WSJ here. What’s the tech angle? More bronze than gold? Other “Goldman struggles” news from Reuters – Goldman taps energy execs in bid to turn around commodities unit Historic Volatility Recently Dropped Below 1.7…

Goldman’s options retreat; ICE says not over-reliant on data sales; RenTech’s Mercer steps down John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Earlier this week, Philip Bergstrom, the brother of Jeff Bergstrom (CIO of John J. Lothian & Company, Inc.) passed away. Phil lived in California for most of his adult life, but grew up in Glenview, IL. Phil was also the step-brother to John Lothian’s wife Cheryl. We offer our condolences to the Bergstrom, Lothian and Howard families.~JLN Congratulations to Nasdaq CEO Adena Friedman, who was named as #20 on Forbes 2017 Most Powerful Women list.~JJL The annual energy consumption for Bitcoin transactions is now estimated at more that 24 TWh, which is…

Cboe acquires Silexx assets; Calmest VIX month; OCC blog; Bad vol info Newsletter,Options

Observations & Insight October 2017 Options Exchange Market Share via OCC Lead Stories Cboe Global Markets Acquires Assets of Silexx Financial Systems Cboe Cboe Global Markets, Inc. today announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates an innovative multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S. jlne.ws/2A9RFkC ****SD: Luckily, no relation to Skrillex (if you’re not familiar, don’t bother). Accomplishing The Impossible (Or, How OCC Interns Added Value To The World’s Largest Equity Derivatives Clearing Organization) David Hoag – Medium “We don’t…

Trump to tap Powell for Fed; UK fintechs eating banks marketshare; Regulators warning about robots John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Congratulations to CME Group employees who supported October Pink for a Purpose campaign. Their efforts brought in more than $50,000. When you include CME’s corporate donations, more than $175,000 will go to @BeBrightPink and more than $16,000 will go to @CR_UK for the early detection, prevention and research for breast and ovarian cancer.~JJL The Treasury released its report on year-end 2016 U.S. portfolio holdings of foreign securities.. The largest holdings of foreign securities by country were the Cayman Islands with $1.37 trillion, the United Kingdom with $1.20 trillion, Japan with $854 billion…

Looking for Continued Growth, SGX Goes West Asia/Pacific,Commentary,Exchanges, OTC & Clearing,Feature

Singapore Exchange has had a good stretch of late. The exchange’s fiscal first quarter results were reported on October 25, showing approximately $149 million in revenues, a 7 percent year-over-year increase, and net profits of $66 million, a 9 percent year-over-year rise. In a move to bolster such growth, SGX announced the opening of SGX America and a corresponding Chicago office on October 17. The opening represents the exchange’s first brick-and-mortar presence in the United States. The office may have started with just two people in a temporary workspace, but SGX CEO Loh Boon Chye sees the American branch as…

Bitcoin Hurdles; The 871(m) Tax Problem; Quarterly and Monthly Volumes Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Up 20 Percent in October OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in October was 381,467,272 contracts, a 20 percent increase from October 2016 monthly volume of 318,439,491 contracts. Average daily volume at OCC is up four percent year-to-date in 2017 with 17,070,435 contracts. OCC’s stock loan program reported that securities lending activity was up 30 percent in October and 21 percent year-to-date. jlne.ws/2A7Kjhy ++++++ Are you on the right side of Bitcoin history? By John Lothian of JLN Shortly after JLN was published yesterday…