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Tag Archives: futures

Traders snap up $80 Brent calls; EM volatility; Quad witching Newsletter,Options

Observations & Insight Carolyn Leonard – Women In Finance JohnLothianNews.com ” I had brokers with very large decks telling me to my face that they’ve never traded with a woman, they weren’t going to trade with me and that I shouldn’t take it personally… A lot of those same guys became awesome friends, but we had a real rocky start.” In this profile video from John Lothian News, Carolyn Leonard recalls her journey through the volatile world of trading at the Chicago Board Options Exchange beginning in the late ’70s. Leonard started trading after a divorce, with two young children…

Young CEO Reshapes 140-Year-Old Metals Exchange; ICE Completes Trayport Deal w/ TMX; America’s Inequality Is Sending the Dow Soaring John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Georgetown McDonough School of Business offers a new fintech class. John Jacobs, executive director of the school’s Center for Financial Markets and Policy, will teach the course along with Perianne Boring, founder and president of the Chamber of Digital Commerce.~JJL The 2018 World Inequality Report is out. Spoiler alert – income inequality is increasing in “nearly all world regions in recent decades, but at different speeds.” Lots of graphics to parse through. The charts comparing Western Europe’s top 1% vs the U.S.’s top 1% on page 8 are pretty stunning.~SD CME Group has…

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…

OCC tech upgrade; Robinhood’s free options trading; 50 Cent’s losses Newsletter,Options

Lead Stories Tech Upgrade Commands CFO’s Focus; Amy Shelly of Options Clearing Corp. faces several challenges in replacing the organization’s outdated platform. David McCann – CFO Magazine The privately held financial-market utility that settles and clears transactions for all 15 U.S. option exchanges and 3 futures exchanges has a problem: Its technology is woefully outdated. /goo.gl/Kq1s6Y ****SD: Lots for OCC to consider: Roll it out piecemeal or all at once? Finance the project how? Buy or build? For more, see JLN’s piece earlier this year – Cloudy with clearing: What the next clearing house looks like ***SR: Amy Shelly is…

America’s economic selling points at risk; Investors’ fossil-fuel cut commitments; Bitcoin futures broking John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The CFTC’s Technology Advisory Committee will meet in Washington, DC on January 23, 2017. As a TAC member, I will be in attendance.~JJL Asia Pacific Financial News from John Lothian News – December 12, 2017~JJL Interest in volatility products is not limited to the Cboe – Eurex will end 2017 with record trading volumes in its VSTOXX futures and options.  Options ADV has roughly doubled and daily futures trading is up some 37 percent.~SD The @JohnLothian twitter account yesterday tweeted 139 times and had 50,707 original impressions.~JJL CME Group has already raised…

Volatility Is Low But Ambiguity Is Sky High; Clearing forex options; War on Dutch prop shops Newsletter,Options

Observations & Insight (Click for larger image) Lead Stories Volatility Is Low But Ambiguity Is Sky High Ben Eisen – WSJ Two academics are rolling out a new measure of market fear that suggests investors aren’t nearly as complacent as they seem. The gauge of so-called ambiguity, meant to chronicle the degree of uncertainty investors have in the probabilities they use to make decisions, has been at all-time highs in recent months, indicating that there’s more fear built into the stock market than common measures of volatility suggest. The Cboe Volatility Index, a popular metric for tracking fear in the…

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…

Bitcoin futures start trading; IEX and LTSE team up; Another Deutsche Boerse leadership change? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff If you, too, want to help crash the Cboe website, or check out its bitcoin futures prices, you can click HERE.~JJL As of 7:20 AM Chicago time, 2918 contracts of Cboe bitcoin had traded.~JJL Breaking news: A pipe bomb exploded at the Port Authority Bus Terminal near Times Square. One person is reportedly in custody and he apparently was the only one injured.~JK Congratulations to the CME Group, which raised $186,000 for its Movember Foundation campaign, including its $125,000 corporate donation, to shine the spotlight on men’s health in the areas of…

The Crowded Short Vol Trade; Earnings drive swings; Monthly volumes Newsletter,Options

Observations & Insight Cboe Throws Launch Date Punch at Crosstown Rival CME Spencer Doar – JLN 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 Monday morning, Cboe announced a December 10 launch date and free…