Breaking News

Tag Archives: derivatives

VIX pioneer Dan Galai interview; Betting on risk is risky; FX Options Update Newsletter,Options

Lead Stories A pioneer of the VIX says the market is looking at volatility all wrong; VIX pioneer Dan Galai interview Joe Ciolli – Business Insider Stock market volatility — or the lack thereof — has been a hot-button topic on Wall Street of late. jlne.ws/2eM2u3f The VIX, VXX, SVXY, and volatility-linked ETFs: Betting on risk is risky Allison Schrager – Quartz No risk, no reward. That maxim has suffered recently, as the stock market has rewarded investors with steady returns amid historically low volatility. Traders looking to beat the market have fewer options in such placid conditions, so some…

SEC nomination; Trouble for fastest traders; The death of stocks has been exaggerated John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Our friends at Deutsche Boerse Group have produced a video posted to Youtube titled “Brexit explained in simple terms”~JJL Do you know BOAT Services? The Cinnober subsidiary just received FCA approval to publish your firm’s post-trade reports – it’s a MIFID II thing. BOAT Services has more than 350 customers.~JK Retired FIA President John Damgard is today’s featured speaker from this summer’s MarketsWiki Education World of Opportunity series in Chicago.~JJL The Realization Group and Software AG is hosting the second in a series of roundtable discussions on Digital Excellence in Banking and…

CBOE After Hours Liquidity; OCC on Data; Point72 algo trader hired from Citadel Newsletter,Options

Lead Stories ETH Liquidity Continues to Improve Matt McFarland – CBOE Options Blog CBOE’s Extended Trading Hours (ETH) offers trading in the Exchange’s flagship SPX, SPXW, and VIX option products beginning at 8:00 a.m. London time. CBOE made ETH available in March 2015 and has seen significant growth in 2017. Liquidity has continued to improve and has most recently dramatically increased with the entrance of two London-based dealers willing and able to commit capital to trades. Average daily volume has jumped from 4,400 contracts in 2016 to 7,500 in 2017, a 70% increase. August is on pace to be the…

NYSE Wants Delay on End-of-Day Co. Announcements; T+2 Settlement; Banks join forces to create digital currency John Lothian Newsletter,Newsletter

First Read Hits & Takes Today’s featured speaker from the MarketsWiki Education World of Opportunity series in Chicago is Michael Patak of TopstepTrader.~JJL The very last page of Deutsche Boerse‘s 425th anniversary pamphlet covering its chronology from 1585-2010 simply says “Part 2 of this booklet will be published in the year 2435.” Who says the Germans don’t have a sense of humor? ~SD Did you know that Megan Morgan of Eurex created a charity named “One Refugee Child” to help give out strollers to refugees on their migration?~JJL If you would like to see a man hold a Starbucks coffee…

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…

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…

DRW personnel news; Heeding warnings on risk; Hedgie Diggle says ’08 repeat unlikely Newsletter,Options

Observations & Insight DRW News and a Solar Eclipse Hangover Spencer Doar – JLN Volumes were depressed yesterday because maybe just more dog days of August or maybe the eclipse or maybe who knows? Now, the S&P resumes its march upward and the VIX is back under 12. Cleared volume at the OCC yesterday was 15.2 million contracts, the lowest since the 12.4 million traded on August 7. For context, last Thursday (8/17) and Friday (8/18) both had more than 24 million contracts cleared. One group very much not in lazy summer mode is DRW. The big news was the…

Thesys Technologies vs. Goliath; OIC Outreach to Advisers; Vol bets and the VIX Newsletter,Options

Observations & Insight Thesys vs. Goliath: That’s One Big CAT Spencer Doar – JLN FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand tech but maybe…

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown John Lothian Newsletter,Newsletter

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…