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John Lothian Newsletter: Exchanges Near Infrastructure-Upgrade Deal; CME unveils new oil futures contract to tackle Canadian discount woes; Big-name dealers back LSE and BlackRock ETF push John Lothian Newsletter,Newsletter

First Read Business Remodeling: Satyam Kancharla of Numerix Says Firms Must Rethink Risk and Collateral Management JohnLothianNews.com There has been an avalanche of regulation over the past several years. While firms are digging out from under it in an effort to comply, others are looking for new opportunities this environment presents. Satyam Kancharla, chief strategy officer of Numerix, told John Lothian News’ Jim Kharouf that firms must find ways to create more efficiencies in terms of collateral management and looking at their operations in a more holistic way. The combining of OTC and futures into cleared structured environments are forcing…

Are these Trends your Friends? Blog,Regulation,Tech / HFT

Doug Ashburn

This morning, SunGard released a new report, “Key Trends Shaping the Future of Commodities Trading.” I spoke with Matthew Healey and Giancarlo Delia from Kiodex, Sungard’s commodity risk management system for capital market participants. The trends include the end of the commodities supercycle, which will drive fund managers to adopt asset class-specific strategies, and collateral and margin changes as a result of Dodd-Frank and its global counterparts. Additionally, according to Healey, the intra-day execution risk from the growth of HFT is driving a need for real-time risk analytics at the firm, exchange and regulatory levels. Regarding the shift of swaps…

JLN Options: Know Your Options: If You Build It, They Will Come Newsletter,Options

Lead Stories Know Your Options: If You Build It, They Will Come Joy Rosenstein – Fidessa Corporation (via TABB Forum) As buy-side traders increasingly embrace options both as a profit-making strategy and as a way to hedge their portfolios, broker-dealers must add options-trading capabilities to remain competitive. Here are 5 questions firms must answer before building an options offering. http://jlne.ws/16EMpym ‘Bernanke Put’ is Back in Play Kaitlyn Kiernan – The Wall Street Journal The so-called “Bernanke Put” is back in play… The idea is that Mr. Bernanke and those policies will protect the market against downturns, much as put options,…

JLN Options: The New VIX Futures Margin Requirements Newsletter,Options

Lead Stories The New VIX Futures Margin Requirements  Adam Warner – Schaeffer’s Investment ResearchIt’s a summer Friday, so it’s not likely we see too much intraday volatility in stocks today. CBOE Market Volatility Index (VIX) futures, though, could see some serious action. Margin requirements have changed significantly since last night. My friend Bill Luby has the details here at VIX and More:http://jlne.ws/12vm2rO Options Investors Remain Wary as VIX Falls  Kaitlyn Kiernan – The Wall Street JournalThe Chicago Board Options Exchange’s Volatility Index is coming off its highest levels of the year, but options traders are remaining cautious as uncertainty around Federal Reserve…

JLN Options: Sprecher Has Tough Task Killing PFOF Newsletter,Options

Lead Stories Sprecher Has Tough Task Killing PFOFDan Collins – Dan Collins ReportIn doing research for an upcoming post—on one of the previous periods trend following was declared dead—I came across a story in an old issue of Futures that relates to Intercontinental Exchange Chairman and CEO Jeff Sprecher’s recent declaration to end payment-for-order-flow (PFOF) on the exchanges he is acquiring.http://jlne.ws/1aans4l Options Traders See Junk Bonds Falling Further  Kaitlyn Kiernan – The Wall Street JournalHigh-yield bonds have taken a big hit in recent sessions, in a selloff that some options traders think will continue.http://jlne.ws/11YymkC S&P 50-day MA Key LevelDan Collins –…

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…

JLN Options: Gold VIX: Bugs Turn Fearful Newsletter,Options

Lead Stories Gold VIX: Bugs Turn FearfulSteven Russolillo, The Wall Street JournalGold’s fear gauge is getting panicky.The CBOE Gold VIX is up 57% on Monday. It is on pace to blow past Friday’s 39% surge, which at the time was the biggest-ever increase in percentage terms, according to the exchange.http://jlne.ws/YXzqs2 FOCUS: Speculators Hike Appetite For Gold In Latest CFTC Report — Just Ahead Of Price BreakKitco News (via Forbes)Speculators raised their appetite for gold, increasing their exposure to U.S. futures and options contracts traded on the Comex division of the New York Mercantile Exchange and on the Nymex, according to…

JLN Options: Mini Options Will Go Live on Monday March 18th Newsletter,Options

Lead Stories Mini Options Will Go Live on Monday March 18thBret Kenwell, BenzingaThe debate to allow mini options on the CBOE has been going on for a couple years now. Ever since names like Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), and Amazon (NASDAQ: AMZN) began trading at rather high dollar amounts, there have been parties both for and against the move.http://jlne.ws/Z3PN1g U.S. Stocks Decline After S&P 500 Index Approaches RecordSarah Pringle, BloombergBusinessweekU.S. stocks fell, after the Standard & Poor’s 500 Index moved within two points of its record high yesterday, as a report showed consumer confidence unexpectedly fell in March.http://jlne.ws/Z3NZFB…

JLN Options: Beyond Heinz, Options Trades Draw Scrutiny Newsletter,Options

Lead Stories Beyond Heinz, Options Trades Draw ScrutinyKaitlynn Kiernan, The Wall Street JournalA windfall bet made in H.J. Heinz Co. options one day before a buyout was announced Thursday prompted regulators to act quickly, freezing assets they suspect are tied to the trade.But the Heinz bet, which the Securities and Exchange Commission said could have paid out $1.7 million, was just the latest in a series of unusual options trades made ahead of the disclosures of big deals and other news that moved share prices.http://jlne.ws/WU8qsj** See press release below under “Regulation” from the SEC regarding the Heinz case. –JB Volatility…