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Tag Archives: Euronext

Where Has the Stock Market’s Volatility Gone?; U.S. stocks under pressure as investors turn cautious; Five Charts That Say All Is Not Well in Markets Newsletter,Options

Observations & Insight Deep Breath Jim Kharouf, JLN Upon our return from Washington DC last week, there was the unanswered question still hanging in the air: “What will become of Dodd-Frank?” Of course, no one really knows just yet. All the hyperbole from politicians in DC make for big headlines. But as the Wall Street Journal piece Republicans Get Ready to Roll Back Dodd-Frank Law pointed out, passage of new laws in the Senate will require 60 votes, and Replublicans hold 52 seats. Will we see a rollback of Dodd-Frank? A rollback at Walmart means that dish detergent that was…

Derivatives ‘Big Bang’ catches market off guard; CME profit jumps 28 pct as trading volumes spike; New Asian marketplace signing for Cinnober’s real-time clearing technology John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Jim Kharouf and I are off to Washington, DC today to pay our respects to the CFTC and attend a “going away” affair for former Chairman Tim Massad. When he will actually leave is still a question, I am told. Econ Illinois has secured Thomas Peterffy for its Econ Illinois American Dream Dinner this May 18. BMO Harris Bank and IMC Financial Markets are sponsors of the event. The Brodsky Family Northwestern JD-MBA Fund Lecture Series will feature CFTC Commissioner Sharon Bowen on Monday, February 13, 2017 at the Northwestern Pritzker…

Michael Kraines Named Chief Financial Officer of Trading Technologies ; Euronext targets family businesses with new initiatives; ‘Brexit’ Talks Can’t Start Without Parliament, U.K. Supreme Court Rules John Lothian Newsletter,Newsletter

First Read Michael Kraines Brings 25 Years of Strategy Experience as Trading Technologies’ New CFO Sarah Rudolph, JLN It’s time for some strategic thinking. Trading Technologies has announced the hiring of its first ever chief financial officer, Michael Kraines. Kraines has been in the fintech business for more than 25 years. Though he knows technology, his background is “really very externally facing,” he said in an interview with JLN. His forte is putting people and companies together, and he hopes to add more partnerships, joint ventures and alliances to TT. “I am a strategy guy and have a background looking…

2016 – The Volatility Year That Wasn’t; The Zig and Zag of 2016’s Volatilities; Kate Spade Entangled in Insider Trading Allegations Following Sale Reports Newsletter,Options

Observations & Insight The year is dead. Long live the year! Spencer Doar – JLN Everybody feeling refreshed? Ready to continue barreling headlong into the unknown? Hope so – nothing will wait up for you. Speaking of not waiting up, our JLN Options newsletter was on the shelf for the holidays and despite it being a slow period, there was still news pertaining to our markets. As such, there are a some stories sprinkled in today’s newsletter from the tail end of 2016. Just before we signed off for 2016, we had Henry Schwartz of Trade Alert as a guest…

LSE sells French clearing unit to Euronext for EUR510m; Basel postpones bank reform vote amid policy differences; Anshu Jain to Join Cantor Fitzgerald as President John Lothian Newsletter,Newsletter

First Read Ringing In New Year’s Resolutions Jim Kharouf, JLN Some years are more important than others. The trick is guessing what’s going to happen ahead of those. Welcome to 2017, the year of Trump, the true start of Brexit, the end of the trading floors in some places and the beginning of a new one in Chicago at the Boston Options Exchange. It will be a year for regulatory change – again, with a new administration in the White House. It could be a year of extreme volatility due to the geopolitical landscape around the world, but we’ve heard…

China’s Markets Are Tamed—but Not Tempting; Chinese hackers charged with theft from Wall Street law firms John Lothian Newsletter,Newsletter

First Read Multiple Buyers, Not One, Influenced Most Active E-Mini Move of 2016 Alexander Osipovich – WSJ A sharp move in stock-market futures that fueled the Dec. 7 buying in U.S. equities likely reflected trading by multiple buyers, said a market-data firm that shared its analysis with The Wall Street Journal, a shift from its prior conclusion—published by the Journal—that a single buyer was behind the move. The firm, MayStreet LLC, said its initial analysis, which characterized the event as a single $1.8 billion trade with one unknown buyer behind it, was based on a misunderstanding of how CME Group…

Wall Street billionaire Vincent Viola chosen as US army secretary; Platinum Hedge Fund Executives Charged With $1 Billion Fraud; Euronext in talks to buy French clearing business from LSE John Lothian Newsletter,Newsletter

First Read Matt McFarland, CBOE – Business Development Challenges for Derivatives Exchanges MarketsWikiEducation.com “I would say that derivatives can be financial weapons of mass destruction if they are used improperly. If they’re used properly they can be risk-reducing tools rather than risk-enhancing tools.” This year the CBOE opened a London office in an effort to expand their reach in Europe. Matt McFarland is the head of the new outpost and also in charge of business development. The number one issue he faces when trying to get prospective customers to trade on the CBOE is dispelling Warren Buffet’s imminently quotable quote…

Miami International Holdings and Ledger Holdings Announce Investment in LedgerX Holding Company; FX options a tempting solution – but problems persist; VIX ETFs Have Seen $8.7B In Bullish Bets This Year, Even With VIX Down 30% Newsletter,Options

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. The year in options: A tribute to David Letterman Henry Schwartz – Trade Alert I’ve really enjoyed sharing some insights and data from the US options industry with the readers of JLN Options this week. Next year will mark my 30th in this business, which I’ve watched evolve from a surprisingly effective frenzy of hand signals and paper tickets on the floors to a highly efficient hybrid marketplace where some nearly $6B of premium changes hands daily….

CFTC Reproposes Position Limits, Adopts Aggregation Regulations; Some Thoughts by OCC on Risk Management; VIX Falls 14% But Futures Signal Market Turbulence in 2017 Newsletter,Options

Observations & Insight Challenging the Status Quo: Cinnober Aims To Break Into The Back Office Clearing Space Jim Kharouf – JLN There was a time when many thought there wasn’t really much of a market for full clearinghouse solutions with real time clearing and risk management. But in 2007 and 2008, Cinnober successfully pushed into the space and carved out a nice niche for itself, especially as the global financial crisis illustrated the intense need for such solutions. Now, the company is pushing into the established space of back office clearing for clearing member banks and brokers. That space is…