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JLN Options: ’50 Cent’ Returns; Clinging to Risk; Central bank activity Newsletter,Options

Observations & Insight Miscellany for Thursday The new edition of FIA’s MarketVoice is available online. FANG+ Options went live at NYSE on Monday. Trade Alert is now live with VIX futures info. We started rolling out videos from FIA IDX. First up was ICE Europe’s Stuart Williams. Speaking of videos, we released a video with CME Group’s options head Derek Sammann where he talks about the franchise’s continued growth. In case you missed it, Robinhood’s options trading business is apparently booming. ++++++ None of Us Understand Probability RCM Alternatives This week kicks off the World Cup, and while the U.S….

Shortwave trading; Robinhood’s $2b a day options biz; Mammoth bond wager Newsletter,Options

Observations & Insight A little-known business at Robinhood has exploded, and now it’s launching a service to go after the most serious traders Frank Chaparro – Business Insider Prime (SUBSCRIPTION) Robinhood’s options-trading business is exploding, according to Chris O’Neil, a product manager at the California broker. Now the firm, which says it has seen $2 billion in options-trading volumes since launch, is upping the ante with the rollout of multileg options. The move shows the company is seriously going after the business of more experienced traders, says Devin Ryan, an analyst at JMP Securities /goo.gl/C2CX83 ****SD: First of all, not…

US judge scraps trial into CME Group’s defence of home market; Fed Reserve checking account? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Former Barron’s columnist Steve Sears has emerged as the chief market strategist for StratiFi Technologies. Eurex Clearing’s new partnership program, aimed at creating an EU-based clearing facility for interest rate swaps, cleared a record EUR1.7 trillion in March.~JK Cboe Global Markets’ FX volume rose 37 percent to $762.9 billion in April, up from $554 billion a year earlier. Year-to-date notional volume is up 41 percent.~JK Did you know Cboe has an office in Quito, Ecuador?~JK Joe Noviello, the former head of eSpeed, is now managing director of Dealerweb Technologies at Tradeweb, according to…

Scholes on team launching low-vol cryptocurrency; CFTC ‘astounded’ as Congress prepares to cut budget; Volatility Leaves Europe Banks Whipsawed Newsletter,Options

Lead Stories Saga token: Nobel winner Myron Scholes on team launching low-volatility cryptocurrency Eshe Nelson and Joon Ian Wong – Quartz Last year, when the price of bitcoin rose 1,000%, you might have regretted not buying in. Now that it has fallen almost 40% so this year, perhaps you don’t have as many regrets. The murky trading and wrenching volatility of cryptocurrencies threaten their place as a fundamental plank of the future financial system, as proponents are pushing. Now, a group of famed economists and financial innovators have a plan to address those challenges by creating “the first non-anonymous blockchain-based…

Making a Friend of Fear; Speculators take record bet Fed will pull rate trigger soon Newsletter,Options

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Lead Stories Making a Friend of Fear Steven M. Sears – Barron’s We find ourselves in the midst of great debates in the stock and options market. The Standard & Poor’s 500 index, for which 2017 was the least volatile year since 1965, is no longer serene. Early February brought about the most severe single-day decline for the Dow Jones Industrial Average, and the largest one-day increase for the Cboe Volatility Index. VIX was so low for so long that it seemed as if it would never return to its long-term average of about 19. Now, VIX seems unlikely to…

The low vol feedback loop; EU shuts door on electronic access providers; More exchange consolidation? Newsletter,Options

Observations & Insight Ed Tilly – Staying Ahead of the Technology Curve MarketsWikiEducation.com In this video from MarketsWiki Education’s Intern Recruiting Event event in Chicago, Ed Tilly, chairman and CEO of Cboe Global Markets, discusses how changes in technology force you to adapt to stay ahead of the curve. Tilly breaks down what’s going on in the exchange space and how the Cboe has changed over the years. With the explosion of screen trading and the end of open outcry trading, exchanges have had to roll with the punches and make sure customers are happy. Tilly’s goal is to bring…

Blockchain to massively change commodities; Cboe’s Tilly predicts more consolidation; Chinese oil futures? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff We are rolling out the first of the videos from the MarketsWiki Education recruiting event held the Monday of EXPO week in Chicago. The first video features Cboe’s Ed Tilly.~JJL Recall the “broker fee wars” earlier in the year? Fidelity, TD, Schwab and a whole bunch of others started slashing commissions and fees, bringing much of the $7 per equity trade shops down to $5 a trade and some of the discount brokers even lower. Then there’s tastyworks’ $1 to open/free to close options trading setup. Well, unicorn-valued trading app Robinhood just…

The Pound’s Brexit Test; FX Flash Crashes; Basel Rules Newsletter,Options

Observations & Insight Sunday, Sunday, Sunday Spencer Doar – JLN My fantasy football team was bad this year. The Detroit Lions in 2008 bad. I went 0-13. A mathematically inclined friend in the same league ran the numbers – not sure of the specifics, but he used ESPN’s point predictions versus actual performance – and his calculations showed that my abhorrent results were nearly three standard deviations outside the norm. I would not have found this nearly as amusing before I started covering the options space and following earnings seasons. Bottom line, that frees up some of Sunday night. Good…

Trump to tap Powell for Fed; UK fintechs eating banks marketshare; Regulators warning about robots John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Congratulations to CME Group employees who supported October Pink for a Purpose campaign. Their efforts brought in more than $50,000. When you include CME’s corporate donations, more than $175,000 will go to @BeBrightPink and more than $16,000 will go to @CR_UK for the early detection, prevention and research for breast and ovarian cancer.~JJL The Treasury released its report on year-end 2016 U.S. portfolio holdings of foreign securities.. The largest holdings of foreign securities by country were the Cayman Islands with $1.37 trillion, the United Kingdom with $1.20 trillion, Japan with $854 billion…