Breaking News

Tag Archives: EEX

US Treasury dealers accused of collusion; Bitcoin futures face safeguards; EEX acquires 100% of Powernext John Lothian Newsletter,Newsletter

First Read FANG+ Puts the UMPH Back into the Markets and Exchange Competition By John Lothian – JLN Hallelujah! The magical power of innovation from exchange competition in Chicago is alive and well after a noticeable absence. The NYSE FANG+ index at ICE Futures US is the most innovative and timely new contract I have seen since the Cboe introduced the VIX. Besides the FANG+ contract, we have the expectation of the CME Group and Cboe slugging it out later this year with competing bitcoin futures offerings. Earlier this year we had the CME Group reclaim the Russell index complex…

DRW leads high frequency trading charge into cryptocurrencies; EEX and CBEEX partner for carbon market development in China John Lothian Newsletter,Newsletter

First Read Hits & Takes The European Energy Exchange is quietly turning into a global commodities market. Just months after buying the Nodal Exchange, the US power market, it signed a memorandum of understanding with the China Beijing Environment Exchange (CBEEX). MOUs are generally not much to talk about and this one may fall into the file with most of the others. But in the off chance it becomes a partnership, it could open the European and Chinese carbon markets to one another – creating a massive opportunity for traders looking for a burgeoning market to trade. China’s president Xi…

Dismantling Dodd-Frank May Have to Wait; How the Euro Could Break Up—or Be Saved; UK’s May defeated as lawmakers demand power to reject final Brexit terms John Lothian Newsletter,Newsletter

First Read More power to ’em: Nodal acquired by EEX Spencer Doar – JLN The UK doesn’t want ICE to have Trayport. The LSE/Deutsche Boerse deal looks dead in the water. But in one neck of the exchange woods ó power ó all parties appear happy. Last Friday, the energy exchange EEX (part of the Deutsche Boerse empire) agreed to buy the U.S. based Nodal Exchange in an all-share deal, instantly turning the franchise global. /goo.gl/CxWwSC **JK: Our interview with Paul Cusenza about Nodal and EEX. ++++ Playing With No Reserves Sean Brown – YCharts Working at a startup or…

More power to ‘em: Nodal acquired by EEX Blog,Exchanges, OTC & Clearing,Feature

The UK doesn’t want ICE to have Trayport. The LSE/Deutsche Boerse deal looks dead in the water. But in one neck of the exchange woods — power — all parties appear happy. Last Friday, the energy exchange EEX (part of the Deutsche Boerse empire) agreed to buy the U.S. based Nodal Exchange in an all-share deal, instantly turning the franchise global. “What’s perfect about this acquisition in some respects is that we do very much similar things — they serve the power markets in Europe and we serve the power markets in the United States — and yet we don’t…

Is Risk Really as Low as You Think?; What, the Fed Again?; Opportunity in volatility Newsletter,Options

Observations & Insight Bits & Pieces By John J. Lothian Sorry to start with the sad, but former CME President & CEO Clayton Yeutter has passed away at the age of 86. Yeutter was CME CEO when I started my post-collegiate career and I was lucky enough to cover a speech he gave about the Farm Bill of 1984 and the impact that would have on commodity prices. In happier news, I turned 56 on Saturday and my neighbors threw a parade a couple of blocks from my home in Elmhurst that attracted thousands of people wearing my favorite color,…

Don’t Believe Options Traders; Europe’s Volatility Curve Is Getting Kinky Ahead of French Vote; Trump’s dollar paradox promises roller-coaster ride for currencies Newsletter,Options

Observations & Insight January Marketshare via OCC ++++++ On another note, check out what the VIX momentarily did after the Fed yesterday: Here’s a closer breakdown of the action from the CBOE: Time Index Quote 12:59:56 p.m. CT   11.50 1:00:11 p.m. CT      9.97 1:00:26 p.m. CT     11.53 ++++++ CBOE VIX index briefly broke below 10 after Federal Reserve decision Fred Imbert – CNBC Something strange happened to Wall Street’s so-called fear index on Wednesday. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, broke below 10 for less than a minute Wednesday at…

New Frontier: TT’s new platform debuts with European Energy Exchange Interview,Tech / HFT,Video

Independent Software Vendors are always looking for new markets and new opportunities. Trading Technologies says it has found both with a new deal with the European Energy Exchange to provide its new TT trading platform its market participants. Rick Lane, CEO of TT, spoke with John Lothian News about what it means for TT and EEX, and where the ISVs are heading. The announcement marks the debut of TT’s latest technology, simply branded as TT. The new platform is a major shift for the firm, which has been moving toward a software as a service model for its new technology….

John Lothian Newsletter: Hong Kong Police Probe Mercantile Exchange at SFC Request; ICE-NYSE Deal Formally Notified to EU for Merger Examination; European energy exchanges compete for Turkish growth John Lothian Newsletter,Newsletter

Police in Hong Kong are taking a closer look at potential financial irregularities at the recently-shuttered Hong Kong Mercantile Exchange. The ICE-NYSE merger has formally been submitted to the EU for testing and, they hope, approval. ICE Endex and the European Energy Exchange face off over an expanding market in Turkey.

John Lothian Newsletter: Electronic Trading Curbs Have Helped Canadian Market; Swell In Buyside Clearing, Surge Seen In June; Energy Derivatives Overhaul Spurs Nasdaq’s Germany Expansion John Lothian Newsletter,Newsletter

TMX Group’s chief says that their controls on electronic trading have created benefits for the market, and he thinks the rest of the world should pay attention. Swaps traders have routed half a trillion dollars worth of swaps through clearinghouses since Monday’s start of the new regulatory regime. An upcoming overhaul of energy trading rules in Europe could set Nasdaq and EEX back to back and counting off paces.