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JLN Options: Exclusive: ICE to win EU approval for $8.2 billion NYSE bid – sources Newsletter,Options

Commentary & Insight Jack Schwager on Market Wizards and How the CTA Space is ChangingMarketsWiki.tv Jack Schwager is a well-known name in the financial market community today, as author of trading classics such as: Market Wizards in 1989, The New Market Wizards in 1992 and Stock Market Wizards in 2001. He’s added to the series in May 2012, with Hedge Fund Market Wizards, and more recently released book Market Sense and Nonsense, where he explores investment models and the theories of how markets work. He spoke with JLN editor-in-chief Jim Kharouf about hedge fund managers and how the CTA space…

JLN Options: Fed Would Like You to Stop Overreacting, Please: Volatility Fund Slumps Newsletter,Options

Commentary & Insight Compliance Advice on SEC’s Market Access Rule from Julie Dixon of Titan RegulationMarketsWiki.tv SEC Rule 15c3-5 (“Market Access Rule”), finalized in November 2010, is the commission’s response to the May 6, 2010 “flash crash” in which the U.S. equity market plunged nearly ten percent in a matter of minutes, then quickly rebounded. Compliance with the rule, which places risk management controls on any broker-dealer that offers direct trading access, has been required since November 2011, yet firms still have lingering questions about the adequacy of their self-policing programs. Julie Dixon, managing principal at Titan Regulation, discusses the…

JLN Options: Skittish Options Traders Pay Up for Protection Newsletter,Options

Lead Stories Skittish Options Traders Pay Up for Protection  Steven M. Sears – Barron’sVIX calls trade above asked prices amid fears of a stock plunge as the S&P 500 hovers at a key level.http://jlne.ws/196F267 An Ideal Day for the VIXWall Street Sector SelectorWednesday’s stock market swoon was based on pure fear about the demise of quantitative easing, bringing VIX the nourishment it needed.http://jlne.ws/16jjzpC Mini Options’ Early Successes Attract Prop Shops, Divert Tech SpendTimothy Bourgaize Murray – Waters TechnologyIntroduced in March, five “mini options”—or options tied to a minimum number of 10 shares, smaller than their conventional larger relatives that usually require…

JLN Options: Stock-Market Volatility Bets at Record Amid Fed Concern: Options Newsletter,Options

Commentary & Insight Justin Llewellyn-Jones of Fidessa Talks ISVs, Regulation & TechnologyMarketsWiki.tv Justin Llewellyn-Jones, chief operating officer of Fidessa, thinks globally and well, acts globally too. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf about how Fidessa is adapting to the new global marketplace and the demand for multi-asset class platforms and networks. Watch the video » Lead Stories Stock-Market Volatility Bets at Record Amid Fed Concern: OptionsCecile Vannucci & Nikolaj Gammeltoft, BloombergWidening swings in U.S. shares have prompted options (VXX) traders to make unprecedented bets on equity volatility, pushing bullish and bearish contracts to records amid concern the Federal Reserve…

JLN Options: SEC Alleges ‘Systemic’ Lapses in Oversight at CBOE Newsletter,Options

Lead Stories SEC Alleges ‘Systemic’ Lapses in Oversight at CBOEJacob Bunge, The Wall Street JournalThe Securities and Exchange Commission fined CBOE Holdings Inc. CBOE $6 million for alleged breakdowns in its regulatory and compliance functions related to its oversight of what the SEC called abusive short-selling activities.http://jlne.ws/117In32** Press releases from both the SEC and the CBOE regarding this are below in the “Regulation” section. -JB CME primed for new derivatives rulesNeil Munshi, Philip Stafford and Michael Mackenzie, Financial TimesCME Group, the world largest futures exchange operator, is leading a group of US exchanges hoping to take full advantage of the…

JLN Options: SEC fines optionsXpress, individuals $4.8 mln for naked short sales Newsletter,Options

Lead Stories SEC fines optionsXpress, individuals $4.8 mln for naked short salesThomson ReutersA Securities and Exchange Commission judge has ordered optionsXpress, its former chief financial officer and a customer to pay a total of $4.8 million in fines and to return $4.2 million for illegally selling shares they did not hold.http://jlne.ws/11rotLT ICE chief ready to cede NYSE market share in bid to end rebatesJohn McCrank, ReutersThe New York Stock Exchange may cede some of its share in U.S. stocks in an effort to end large trading incentives after NYSE Euronext’s (NYX.N) $8.2 billion sale to IntercontinentalExchange (ICE.N) goes through, ICE’s…

JLN Options: Dealers Ask SEC to Force Exchanges to Broadcast Floor Trades Newsletter,Options

Lead Stories Dealers Ask SEC to Force Exchanges to Broadcast Floor TradesPeter Chapman, Traders MagazineThree options market-making firms have petitioned the Securities and Exchange Commission to require the four options exchanges that operate floors to expose large block trades to all market participants-both on-floor and off-floor-electronically.http://jlne.ws/13pSPCz Wall St. eyes weekly gain after jobs reportChuck Mikolajczak, Reuters (via Chicago Tribune)Stocks jumped on Friday, putting the S&P 500 on track to halt its first two-week losing skid of the year after the May jobs report pointed to an economy still in need of central bank support.http://jlne.ws/14m2Jq4 Gold options in charts: Volatility picking…

JLN Options: Options Price in Another Big Move for Stocks With Jobs Friday Newsletter,Options

Commentary & Insight Jock Percy of Perseus Telecom on Microwave Technology in the Trading WorldMarketsWiki.tv Jock Percy spoke with John Lothian News Editor-at-Large Doug Ashburn about the use of microwave for data transmission – what is driving the demand, the benefits and limitations of wireless, and a bit about the economics of technology upgrades. He closes with a look to the future of wireless and its global implications. Dr. Jock Percy is CEO of Perseus Telecom, a global carrier of financial telecommunications specializing in ultra low-latency market-to-market connectivity. Before taking the helm at Perseus, Percy spent a number of years…

JLN Options: Options Markets Reveal Investor Unease Over Fed’s Next Move Newsletter,Options

Lead Stories FX HORIZONS: Options Markets Reveal Investor Unease Over Fed’s Next Move  Michael J. Casey, The Wall Street JournalThe vocabulary of the options world — “gamma,” “delta,” “implied volatility” — is enough to scare away most retail investors even before they’re forced to figure out how these complex derivatives are priced.  But sometimes there’s no better place than the options market to gauge the mood of global investors. We are currently in one of those moments. http://jlne.ws/13lJvj5 SEC Approves NYSE Proposal to Temporarily Restore Stock-Volatility Curbs Chris Dieterich and Jacob Bunge, The Wall Street JournalA handful of sudden stock drops…