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Tag Archives: GETCO

Wild, But Not Crazy; Peter Thiel’s Volatility Bet; Decca’s big short vol losses Newsletter,Options

Observations & Insight Another Nation to Start Hedging its Oil Production Spencer Doar – JLN Last Friday, Colombia’s finance minister said the country was planning an oil hedging program along the same lines as Mexico’s annual derivatives play. (Apologies the story wasn’t in the newsletter earlier – sometimes late Friday articles get lost over the weekend.) This has potentially huge repercussions for oil derivatives markets. As a point of comparison, the Mexican “Hacienda hedge” is the biggest annual oil deal, according to Bloomberg. (That linked story is a great longform on how the Hacienda hedge comes together.) From 2007 to…

Mark Spanbroek, European Principal Traders Association – Financial Markets 2.0 video

“What trading is really about is finding an algorithmic, or systematic way, to analyze the market. And this is done with data.” Mark Spanbroek’s trading career spanned the transition from the old world of trading pits to the new world of algorithms. He now serves as acting chairman of the FIA European Principal Traders Association (EPTA). In this MarketsWiki Education presentation, Spanbroek showcases both worlds – Financial Markets 1.0 and 2.0 – from the pit trader in the multi-colored trading jacket to today’s trader, which he says is not a trader, but rather an engineer, and today’s trading strategy is…

JLN Options: The New VIX Futures Margin Requirements Newsletter,Options

Lead Stories The New VIX Futures Margin Requirements  Adam Warner – Schaeffer’s Investment ResearchIt’s a summer Friday, so it’s not likely we see too much intraday volatility in stocks today. CBOE Market Volatility Index (VIX) futures, though, could see some serious action. Margin requirements have changed significantly since last night. My friend Bill Luby has the details here at VIX and More: Options Investors Remain Wary as VIX Falls  Kaitlyn Kiernan – The Wall Street JournalThe Chicago Board Options Exchange’s Volatility Index is coming off its highest levels of the year, but options traders are remaining cautious as uncertainty around Federal Reserve…

JLN Options: Gold VIX: Bugs Turn Fearful Newsletter,Options

Lead Stories Gold VIX: Bugs Turn FearfulSteven Russolillo, The Wall Street JournalGold’s fear gauge is getting panicky.The CBOE Gold VIX is up 57% on Monday. It is on pace to blow past Friday’s 39% surge, which at the time was the biggest-ever increase in percentage terms, according to the exchange. FOCUS: Speculators Hike Appetite For Gold In Latest CFTC Report — Just Ahead Of Price BreakKitco News (via Forbes)Speculators raised their appetite for gold, increasing their exposure to U.S. futures and options contracts traded on the Comex division of the New York Mercantile Exchange and on the Nymex, according to…

John Lothian Newsletter: Chi-X Poaches Getco’s Fildes as Australian CEO; Swaps Among Bank Affiliates Exempt Under CFTC Clearing Rule; S.E.C. Sets Rules for Disclosures Using Social Media John Lothian Newsletter,Newsletter

Chi-X Australia gets a new CEO from GETCO. Banks are covered under new Dodd-Frank swap market rules, unless they happen to be trading between their own affiliate companies. Spinoffs, anyone? The SEC announces guidelines and an affirmation that under certain circumstances it is ok for companies to use social media to announce things.

John Lothian Newsletter: Shanghai Bourse Mulls After-Hours Trade in Gold, Silver; Getco gets green light for India; ECB warns on trade settlement harmony John Lothian Newsletter,Newsletter

The Shanghai Futures Exchange considers extending its trading hours in order to better keep up with international developments. Trading company Getco shuts down Hong Kong operations, at the same time receiving regulatory approval to start up in India. The European Central Bank tells eurozone lawmakers to hurry up and harmonize settlement systems, or risk losing ground on a bank project to support the systems.

John Lothian Newsletter: London Stock Exchange Revises Offer for Clearinghouse; Knight gets a key nod; A Banner Year for Riskiest Debt John Lothian Newsletter,Newsletter

As expected, the London Stock Exchange has downshifted its offer for clearing house LCH.Clearnet. TD Ameritrade, a major shareholder in Knight Capital, gives a key thumbs-up to the takeover deal by GETCO. Risk was alive, well, and in some cases handing out big rewards in 2012, as the junk bond market paid off well for many playing in that sandbox.

John Lothian Newsletter: IntercontinentalExchange to Acquire NYSE Owner for $8.2 Billion; CFTC agrees more delays to reforms; Getco maps out post-Knight crusade John Lothian Newsletter,Newsletter

ICE and NYSE Euronext have agreed to a merger deal. The CFTC is distributing delays and no-action letters to freshly-regulated dealers as industry participants struggle to gain compliance with new regulations. Getco outlines its future after its intended acquisition of Knight is completed. In First Read today, John Lothian and Jim Kharouf discuss the new ICE-NYSE deal and what it might mean for the future of the industry. Also, if you missed it yesterday, take a look at the Allan Schoenberg video interview, as he explains how CME Group increasingly utilizes social media as a content distribution platform to discuss…

JLN Options: Brokers Face Off Against Exchanges at Today’s Senate Hearing Newsletter,Options

Lead Stories Brokers Face Off Against Exchanges at Today’s Senate HearingPeter Chapman, Traders MagazineRepresentatives from two exchanges and two broker-dealers will likely air their differences today during a hearing hosted by the Senate Banking Committee. Derivatives traders optimistic for 2013, according to pollRisk.netThe majority of respondents to a poll expect to make more money from derivatives trading next year, despite the onset of new regulations in 2013 and continuing problems in the eurozone.**Nice to know that “things can’t get much worse than 2012.” — SR ‘Un-Volatility’ Funds Hit Fresh Lifetime HighsBrendan Conway, Barron’sThere’s an incredibly wide array of,…