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Tag Archives: Eurex

Britain’s opposition Labour alarms bankers with Robin Hood tax; As VIX Plumbs Depths of Torpor, Betting on Its Future Gets Brisk; EU prop firm capital crunch could hit market liquidity Newsletter,Options

Observations & Insight Are we seeing the end of Wall Street and the beginning of a new one? Jim Kharouf – JLN Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven,…

SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities; LCH and Eurex clash over post-Brexit clearing costs; Digital Wall Street’s New Home John Lothian Newsletter,Newsletter

SEC

First Read Are we seeing the end of Wall Street and the beginning of a new one? Jim Kharouf, JLN Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven, non-institutional, ‘let’s…

OCC chief Donohue latest to warn over Basel rules; Does a 263% Profit Mean Markets Are Efficient?; What History Says About Low Volatility Newsletter,Options

Observations & Insight June 2017 Options Exchange Marketshare via OCC ++++++ OCC Cleared Contract Volume Up Two Percent in June OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in June reached 387,597,223 contracts, a two percent increase from the June 2016 volume of 378,908,938 contracts. OCC’s year-to-date average daily cleared contract volume was also up two percent from 2016 with 17,174,603 contracts. Cleared futures volume was up 16 percent in June with 13,194,530 contracts, and securities lending CCP activity was up 27 percent over June 2016 with 1,142,708 new loan transactions. jlne.ws/2tiXQjn ++++++…

Eurex CEO Sees Plenty of Structural Growth Potential Feature,Video,video

“We also see a lot of structural growth potential… If we look at the equity index complex, there is a clear trend of many asset managers moving to passive investment structures. We see that … on the derivatives side [adding] new liquidity pools to global index families.” Thomas Book, CEO of Eurex Frankfurt AG and Eurex Zurich AG, believes the exchange can take advantage of the opportunities presented by a changing European landscape. Low interest rates for a long time equated to low interest in Eurex’s fixed income offerings — this year the exchange has seen new adoption of the…

Mexico Said to Take First Steps in Annual Oil Hedging Program; Treasuries-Bund Trade Is About to Get Interesting; No fear – Wall Street’s volatility gauge drops to 23-year low Newsletter,Options

pemex mexican oil mexico oil hedge

Lead Stories Mexico Said to Take First Steps in Annual Oil Hedging Program Nacha Cattan and Javier Blas – Bloomberg Mexico said to ask banks for options quotes to fix 2018 prices; Mexico annual sovereign hedge is Wall Street largest oil deal Mexico has taken the first step in its annual oil hedging program, asking Wall Street banks for price quotes on the put options it buys to lock in prices for the following year, according to people familiar with the matter. Mexico usually buys put options from a small group of investment banks, starting as early as May but…

Low Volatility and the Risks of Crowded Trades; The Fear Gauge Is So Tiny, It’s Adorable; China H-share volatility at all-time low Newsletter,Options

Observations & Insight April Marketshare via OCC Lead Stories Low Volatility and the Risks of Crowded Trades Dean Curnutt, Macro Risk Advisors – Bloomberg Amid an improbable level of calm in markets, it’s worth remembering what Victor Haghani, a partner at Long-Term Capital Management, said in early 1999 about the fund’s implosion, especially given that quiet markets are compelling trading strategies that capitalize on low levels of volatility. jlne.ws/2pt69sz ****SD: Gotta say, LTCM references always get me to read more. Market Recon: The Fear Gauge Is So Tiny, It’s Adorable Stephen Guilfoyle – TheStreet Isn’t it just adorable? Cute little…

The future of futures markets: Exchanges looking to fail fast Blog,Commentary,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Mwiki

Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations of prototypes,” Preuss said. “In the world I am aiming at, the business IT and operations…

Big Banks Poised to Scoop Up Fintech Startups, Report Finds; Frankfurt-London Truce Died Along With Deutsche Boerse Deal; Data Clash Heats Up Between Banks and New York Stock Exchange John Lothian Newsletter,Newsletter

First Read NEX Stop, The Future Of Markets Jim Kharouf – JLN Sometimes the machine needs a reboot. Such is the case with NEX Group, the former ICAP group minus the ICAP voice brokerage business. By now, we know that NEX’s CEO Michael Spencer looked to the future and decided that voice brokering wasn’t it. That doesn’t mean it isn’t valuable. But it just isn’t what he wants to do with his time or shareholder money. So what’s left? Plenty actually, although it took me a while to figure it out. In a simplistic sense, the company is rolling all…

Uncovering the Secret History of Wall Street’s Largest Oil Trade; Cowen Group to Buy Brokerage Firm Convergex for $116 Million; Hedge funds square up most of their former record bullish position in oil Newsletter,Options

Observations & Insight March Marketshare via OCC ++++++ No Garfield Needed – A Good Case of the Mondays at CME Spencer Doar – JLN Yesterday was the first trading day for CME’s Monday weekly options on the S&P 500 and E-Mini S&P. The launch comes after the success of the Wednesday weeklies that were launched in September 2016 — now some 50-60k of the Wednesday contracts are traded daily. The CME debuted Mondays this month ahead of the French elections after seeing how much trading activity other political events of 2016 caused during off-hours. “What’s interesting is that even though…