Breaking News

Tag Archives: Eric Noll

Departures signal a changing of the guard in HFT; LSE to acquire bond indices from Citi for $685 million; What Makes a Bank Big? John Lothian Newsletter,Newsletter

First Read What Options Leaders Are Thinking Jim Kharouf Today marks the launch of our Options Industry Council exchange leaders series, sponsored by the OIC and OCC. We will feature interviews with options market leaders from NYSE, Nasdaq, CBOE, MIAX and BOX, with each talking about what they accomplished in recent months and what is on their priority lists for the second half of the year. Filmed at the Options Industry Conference earlier this month, we kick off the series with Ivan Brown, senior director, head of options at NYSE. Take a look. There’s a lot to cover in just…

VIX Hedging and College Sports; Convergex’s CEO Noll to Leave Firm; China Considers Changing Yuan Fixing Formula to Curb Swings Newsletter,Options

Observations & Insight Options Adoption: Growth Potential in the Advisory Space JohnLothianNews.com In this JLN video, Emily Sweet, senior analyst with Cerulli Associates, goes through some key findings from a study the firm conducted titled “How Financial Advisors Use and Think About Exchange-listed Options.” The study, sponsored by the Options Industry Council, surveyed 600-plus financial advisors who both use and do not use options on behalf of clients. Read the rest and watch the video » Lead Stories VIX Hedging and College Sports Matt Levine Bloomberg We talked on Wednesday about the CBOE Volatility Index, the VIX, which is an…

Biggest Indian Exchange’s CEO Resigns Just Months Before IPO; DRW Judge Is Told by CFTC That Firm ‘Banged the Close’ Daily; Deutsche Boerse offers gamers place to trade virtual goods John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian The shocking news of NSE CEO Chitra Ramkrishna stepping down right before the long anticipated IPO has implications for the World Federation of Exchanges, where she had just been named chairperson. This type of thing is not unprecedented in the industry organization world. It has happened a couple of times I can think of to the FIA The @JohnLothian twitter handle was knocked from the top spot of Streeteye.com’s Twitter Leaderboard yesterday by @Memorandum. The new leader says it is “the latest political news and opinion from left to right and…

The View from Convergex: Reinvention, Options and Market Structure Blog,Options

It may come as a surprise that Convergex, the agency brokerage with headquarters in New York, has a hand in approximately 20 percent of all options routed through U.S. listed options exchanges and actually executes some 8 percent of daily options volume.   The company has been reinventing itself over the last two-and-a-half years under the leadership of Eric Noll, who became CEO in the wake of a 2013 settlement. Convergex’s reputation took a hit when it admitted it had defrauded customers by inflating its fees. The firm settled criminal and civil charges to the tune of $151 million. Noll…

John Lothian Newsletter: U.S. exchanges grapple for solutions to trading glitches; US watchdog gives foreign banks more time on swap rules; Executive Departures Send Ripples Through Exchange Industry John Lothian Newsletter,Newsletter

First Read Gone Tomorrow, Here Again After Jon Matte In honor of the US holiday on Thursday (“Premature Shopping Day” – or, as it used to be called, “Thanksgiving Day”), John Lothian News will be closed, and that means no newsletters. But never fear, on Friday JLN and JLN Financials will be back in action. Meantime, to those of you who have a day off, our best wishes for the holiday! ***** I have asked Jon Matte to exclusively edit JLN tomorrow as I will probably still be in a food coma. Have a safe and Happy Thanksgiving from all…

Five Minutes with Eric Noll Interview,Options

Eric Noll

In July 2010, it was reported that NASDAQ OMX Options finished the month with a combined 25.88% U.S. equity options market share – the highest in the industry. NASDAQ’s Executive Vice President of Transaction Services, Eric Noll, sat down with JLN’s Jessica Titlebaum to discuss developments on their PHLX and NOM platforms as well as in the Options space and why he considers his new position at NASDAQ like a homecoming. Q. As Executive Vice President of Transaction Services at NASDAQ, what are some of your responsibilities? A. My responsibilities include what I call operating the day-to-day exchange platforms. I…