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Tag Archives: ETF

FINRA looking at VIX; China curbing options trading; Exotic ETP concerns Newsletter,Options

Observations & Insight What’s the Deal With the VIX Manipulation Letter? Inaccuracy and Misunderstanding Spencer Doar – JLN The big options news pertains to a letter alleging VIX manipulation. The letter, written on behalf of an anonymous whistleblower by a Washington D.C. law firm, alleges market makers manipulate the VIX by quoting far out of the money SPX put options so they are included in the VIX calculation at junctures that benefit their trading activities. It’s understandable financial instruments are subject to concerns about manipulation when their inner workings are complicated and not fully understood by the general public. VIX…

SEC Pours Cold Water on Prospect of Bitcoin ETFs; Rolling back regulations often comes before a financial meltdown; Bond Markets’ Last Line of Resistance Faces Digital Encroachment John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff I will be in Washington, DC on Monday and Tuesday for the Technology Advisory Committee meeting on Tuesday at the CFTC. ~JJL IMC was in the builtinchicago list of “The 10 coolest Chicago tech offices we saw in 2017”. ~JJL This, from https://goo.gl/xGjaTW|today’s New York Times piece, “‘Every time you transfer a cryptocurrency, you might trigger a gain and pay a tax,’ said Selva Ozelli, a tax lawyer and accountant.” ~JK There’s a new report out from WalletHub regarding 2018’s [U.S.] Cities with the Highest and Lowest Credit-Card Debts. Chicago comes in the…

Quant funds set to pass $1tn mark; Hong Kong Exchange Eyes New Trading Rules; Spread-betting rise threatened by EU rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Brazil’s exchange, B3 (formerly BM&FBovespa) announced its main stock market performance index – Ibovespa – hit a record high Friday, ending the day at 79.071 points, up 0.54 percent from the previous Ibovespa record of 78.647 points last Thursday.~JK SGX reported its derivatives volume was 178.4 million, up 18 percent in 2017 from the previous year, with its FTSE China A50 Index futures the most active contract with 64 million contracts, up 13 percent. Here is the full report.~JK With Mark Mobius retired from Franklin Templeton, who in emerging markets will pick up…

US financial regulators warn investors on bitcoin risks; Asian buyers spur bitcoin rise John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A new survey from DTCC shows geopolitical risk as a top 5 concern of 69 percent of those surveyed – an all-time high. Plenty of other fun stats and infographics in there to digest.~SD Deutsche Boerse turned 25 years old. I believe I was once told that the average age of the people who started it was 28. ~JJL Have you seen the Chicago Blockchain Project?~JJL Yesterday’s JLN Options newsletter covered the lack of FX volatility, the potential for bitcoin options and the short vol trade.~SD The NFA staff coordinated the donation…

Cboe Throws Launch Date Punch at Crosstown Rival CME Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,JLN Subgroups

Aren’t people supposed be getting into holiday mode? Isn’t December supposed to be slow, with nothing but junior staff running around trying not to mess things up?  In the cryptocurrency space, that’s clearly not the case. The CFTC on Friday said CME Group and Cboe Global Markets were okay to launch their respective bitcoin futures products through the self-certification process. CME quickly announced it would launch bitcoin futures on December 18, and then on Monday morning, Cboe announced a December 10 launch date and free trading for the first month to help the contract gain traction. Cboe’s contract will trade…

New Deutsche Boerse chief; Bank bond-rigging case; Americans don’t know why they buy Bitcoin John Lothian Newsletter,Newsletter

First Read WILD Women Make Sound Investment Decisions; Women will have $22 trillion of investing wealth by 2020 By Sarah Rudolph – JLN Managing Editor Now that women actually have their own money, they – like men – need to know how to make it grow with savings and investments. Women are projected to have $22 trillion of the investing wealth by the year 2020 – they had better know what to do with it. Women in Listed Derivatives (WILD), which has become well known for its efforts in the advancement of women in the financial industry, brought together another…

Futures for trucking; End of LME open outcry?; Nasdaq ETF “heist” John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Longtime COMEX member Irving Redel died peacefully at home surrounded by family on October 27, 2017 at the age of 94, according to the New York Times.~JJL The fall edition of Advantage Futures Inside Advantage is available HERE.~JJL Financial News published a list of the 100 Most Influential Women in Finance across the European financial services industry. ~JJL Notable women from the list include: Veronica Augustsson, CEO of Cinnober; Valerie Bannert-Thurner, global head of risk and surveillance solutions, Nasdaq; Diane CÙtÈ, chief risk officer, London Stock Exchange Group; Robyn Grew, chief administration…

VIX Bits: The Thermometer Isn’t Broken Blog,Commentary,Options

On the 30th anniversary of the ‘87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had an analogy for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time that’s happened since 1971. Is that weird? Yes. Is it worth noting?…

Deutsche Boerse Plans Revenue-Share Deal to Lure Brexit Clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes EEX staff rode 2,505 km on their bikes at the https://goo.gl/JLiSj6 competition in Leipzig, saving 356 kg in CO2.~JK ICE has a message for you if you are a user of AOL Instant Messenger, which is be decommissioned on December 15.~JJL Kevin Gaskell writing on the London School of Economics and Political Science LSE Business Review has a good piece on leadership, “Leadership: The measurable impact of inspiring a sense of purpose.”~JJL It took almost seven years, but the job growth streak came to an end Friday (though it’s attributable to hurricanes).~SD FIA now provides…