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Gary Katz Reflects On His Career and “Active” Retirement Feature,video

At the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Gary Katz was honored with the Joseph W. Sullivan Award. His time running the first all electronic options exchange, the ISE, might be over, but Katz is still a busy man, considering himself in a period of “active” retirement. In this video he talks about his career influences and the endeavors that currently occupy his time, including developing a new line of snack foods. Produced by Mike Forrester Interview by Spencer Doar

The Spread – Week of 1/29 – 2/2 Video,video

We’re baaaack! The flu season stinks but this episode of The Spread doesn’t. The Spread is a brief recap of some of the notable activity in the options world.  The following are stories referenced in this week’s episode of The Spread: MarketWatch – Volatile enough? Wall Street’s fear gauge on track for largest weekly rise in 5 months Cboe – Cboe Global Markets Sets Several Daily Volume Records on Friday, February 2 Bloomberg – VIX Securities Get Traded Like Crazy After Volatility Picks Up Traders – Fragmentation and Liquidity Issues Must Be Addressed to Maintain a Resilient Listed Options Market…

Interview with OCC’s Donohue; Boom in VIX trading; Industry bits Newsletter,Options

Observations & Insight Bits and Pieces SD– JLN While the war of words over Cboe’s end-of-day trading proposition regards equities, we’re going to keep you updated, since the players involved are options exchange groups, too. Today’s news pertains to Cboe and Nasdaq – the two biggest options exchange groups by market share in the U.S. Plus, there are thoughts that, if implemented, the new closing process could affect volatility around the close, which is an options angle. Anyway, Nasdaq CEO Adena Friedman called the proposal “irresponsible” and “really bad for investors” and urged regulators to give it a harder look….

The Most Popular Stories of 2016 on JohnLothianNews.com Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,Mwiki,Regulation,Regulation & Enforcement,video

As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…

John Lothian Newsletter: Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started; CBOE Launches Second Index Series That Targets Investment Outcomes; John Lothian Newsletter,Newsletter

First Read “Cannot be done”: ISE’s Gary Katz Tells The Inside Story Of The Biggest Disruptor To The Options IndustryJim Kharouf, JLN It’s been quite a ride for almost 20 years for Gary Katz, now officially the former co-founder, president and CEO of the International Securities Exchange Nasdaq closed the deal to buy ISE from Deutsche Boerse on June 30, ending one of the most pioneering and successful runs for an exchange in the history of financial markets. Co-founded in 1997 by Katz, David Krell, William Porter and Marty Averbuch, the group set out to create the first fully electronic…

ISE Getting A New Parent Special Report

Amid all the talk about mega-deals in the exchange space, Nasdaq has grabbed the latest headlines with a deal to buy the International Securities Exchange, (ISE) for $1.1 billion. The transaction is expected to close in the second half of 2016. The move bolsters Deutsche Boerse‘s pocketbook in its push to merge with the London Stock Exchange. From Nasdaq’s perspective, they get a relative bargain in the ISE, which was bought by Deutsche Boerse’s Eurex for $2.8 billion cash in December 2007. At the time, the ISE held 28.1 percent of the US equity options marketshare, second only to CBOE…

John Lothian Newsletter: CFTC Commissioner Mark P. Wetjen Announces his Resignation; BP traders rigged gas market, says judge; Oil’s Worst-Ever Summer Signals Price Rout Is Nowhere Near Done John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian On Monday the Trading Tech 300 program will come to the Chicago Board of Trade Building as Glenstar Properties puts on three merit badge classes for Boy Scouts from around the Chicagoland area. The classes sold out quickly once listed on the Pathway to Adventure Council website (http://www.pathwaytoadventure.org). Several boys from my troop are signed up as they wanted to take a merit badge class in the building that was Wayne Towers in Batman Begins. It was also in The Dark Knight as itself. That is just too cool. Glenstar is…

Speaking Engagement: ISE’s Gary Katz Speaks Out Against IRA Options Rule Blog,Options

Gary Katz, president and CEO of the International Securities Exchange, testified before a U.S. Department of Labor hearing Thursday in the hope of persuading the agency to modify a proposed rule change that could take away investors’ ability to use listed options in their IRA accounts. Katz testified on behalf of the U.S. Securities Markets Coalition, made up of the U.S. options exchanges and the Options Clearing Corporation (OCC). They oppose the DOL’s “Conflict of Interest Rule” – or at least, one particular aspect of it. The proposed rule could result in the definition of a “fiduciary” being expanded to…

John Lothian Newsletter: Bernanke, Paulson and Geithner Join Yale Effort to Update Crisis-Response Playbook; ITG pays $20m fine to settle ‘secret trading desk’ claims; Federal Judge Rules SEC In-House Judges ‘Likely Unconstitutional John Lothian Newsletter,Newsletter

First Read US options market to slam trading reforms Futures & Options World The chief exec of US options giant the International Securities Exchange will tell the US government on Thursday its plan to change US trading rules will have a “very unfortunate outcome” if it is not amended to include options. Gary Katz, speaking on behalf of the many US options exchanges, will tell the US Department of Labour in an open hearing in Washington its plan to exempt options from a new definition of the assets that can be traded by pension-holders will hurt investors. jlne.ws/1IJVX0K ***** There…