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Tag Archives: Goldman Sachs

Deutsche Börse probe widens; DRW to Buy HFTer RGM; Trump’s business councils fall apart John Lothian Newsletter,Newsletter

First Read No, Not the VIX – the VSTOXX Sarah Rudolph – JLN Even your dog has heard of the VIX, the Chicago Board Options Exchange‘s benchmark volatility index, but the VSTOXX, the benchmark for volatility in European stocks, is less of a household name in the U.S. Eurex has been trying to change that by adding more and more functionality to their VSTOXX products, starting out with spot prices and futures contracts on the index and then more recently moving into options on futures and ETNs. Yesterday, Eurex and Rival teamed up for a meetup in Chicago at a…

Tokyo Stock Exchange takes aim at Japan’s corporate ghosts; U.S. Default? Unlikely, But Bond Traders Are Taking No Chances; Deutsche Börse CEO Looks to Cut Deal John Lothian Newsletter,Newsletter

Tokyo Stock Exchange

First Read Hits & Takes Our video today from MarketsWiki Education World of Opportunity Chicago 2017 features NFA President and CEO Tom Sexton.~JJL There is a signup form on the Upcoming Events page of the MarketsWikiEducation.com site for college students to sign up for our MarketsWiki Education Recruiting event on the afternoon of October 16 at the CBOE.~JJL Spencer Doar, Mike Forrester and John Lothian will be in Washington, DC from September 12 to 15 for the Securities Traders Association annual regulatory conference.~JJL Today we have a blog from Jim Falvey about cryptocurrencies and distributed ledger technology. See it below.~SR…

Goldman Sachs Finds Itself in Unusual Spot – Last Place in Trading; Banks May Need $50 Billion New Capital After Brexit; Bitcoin’s Civil War – What You Need to Know John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff On October 16, John Lothian News will be holding a one day intern recruiting event and a session of MarketsWiki Education’s World of Opportunity series at the CBOE. The purpose of the event, timed to occur the Monday of FIA Expo week, is to attract college students to hear from industry leaders and have them talk to participating firms about internship opportunities. Interns will be able to drop off resumes, interact with firms recruiting teams and even shoot a one minute video interview that will be shared with participating firms. They will…

It’s time to brace for ‘market turmoil’, warns JPMorgan; Goldman Sachs’ pre-earnings options theory; BofA: “Central Banks Are Now In A Desperate Dilemma”…”Start Buying Volatility” Newsletter,Options

Observations & Insight Making the Johannesburg Stock Exchange a Global Player JohnLothianNews.com “The JSE, for eight years in a row now, was rated number one, two or three in the world by the World Economic Forum for the quality of financial market regulation.” The Johannesburg Stock Exchange is in the process of adjusting much of its infrastructure. It already transitioned from T+5 settlement to T+3 settlement (with no failed trades thus far); the derivatives trading technology is being replatformed; Cinnober is supplying a new clearing system that will be live at the start of 2018; and London Stock Exchange Group’s…

Traders test OPEC ‘whatever it takes’ resolve to defend oil price; The VIX is not a Fortune-Teller; ‘Vol’-Apalooza: A Handy Reference Guide To Low Volatility Regimes Newsletter,Options

Observations & Insight Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income,…

Goldman-Backed High-Speed Trading Network Sold for $39.5 Million; The Dutch Have Solutions to Rising Seas. The World Is Watching.; HFT – Not so flashy anymore John Lothian Newsletter,Newsletter

First Read Eurex CEO Sees Plenty of Structural Growth Potential JohnLothianNews.com “We also see a lot of structural growth potential… If we look at the equity index complex, there is a clear trend of many asset managers moving to passive investment structures. We see that … on the derivatives side [adding] new liquidity pools to global index families.” Thomas Book, CEO of Eurex Frankfurt AG and Eurex Zurich AG, believes the exchange can take advantage of the opportunities presented by a changing European landscape. Low interest rates for a long time equated to low interest in Eurex’s fixed income offerings…

Volatility index creator seeks to invent new tool to measure ‘ambiguity’; Unusually Low Volatility Can Be Dangerous for Markets; The Strangest VIX Fact Newsletter,Options

Observations & Insight OIC Stories Recap Below are links to the columns and articles the JLN team wrote while attending the Options Industry Conference in Scottsdale, Ariz. –How Do You Save the Capital Markets?; Kennedy Looks to Lead Market Revamp by Jim Kharouf –Not as Bad as it Seems: Schwartz Addresses the State of the Options Industry –Millennials and Options: A Perfect Match? –All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure –Options Industry Conference Update: Congress Continues To Push For Avoiding Unintended Consequences in Tax and Dodd-Frank reforms ++++++ Options Industry Conference: Exchange Highlights For…

Trading Fortunes Depend on a Mysterious Antenna in an Empty Field; Goldman Sachs’s Waning Dark Pool Revamped to Woo More Trades; An Algorithm, an ETF and an Academic Study Walk Into a Bar John Lothian Newsletter,Newsletter

First Read All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure Jim Kharouf – JLN U.S. equity options leaders said today’s market structure needs fixing and vowed to work together to address it at the Options Industry Conference in Scottsdale, Arizona. Among some of the structural problems are a perceived lack of liquidity, a rigid regulatory structure that has supported the fragmentation of markets, and a concentration of volume on a relatively small number of listings. Kevin Kennedy, who serves as senior vice president, head of U.S. options at Nasdaq, called for the exchanges and participants…

Traders Are Fleeing the Options Market; Wall Street frets as capital markets trading activity trails off; There’s a new front in the brutal battle between America’s stock exchanges John Lothian Newsletter,Newsletter

First Read Sad News The father of Doug Ashburn, our former colleague, passed away yesterday morning from a sudden heart attack. Doug is now at T3 Custom, a custom publishing firm. Any well wishes or condolences can be sent to him at dashburn@t3custom.com. ***** On behalf of the entire JLN team, our condolences to Doug and Nancy Ashburn and their families on the passing of Doug’s father. We will keep them in our thoughts and prayers as they deal with this sad time. ++++ Options Industry Conference Preview Part 1: Is Regulation Damaging the Options Space? JohnLothianNews.com The cost of…