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Tag Archives: hedging

OCC Re-Elects Craig Donohue as Executive Chairman Newsletter,Options

Observations & Insight The Future of Exchanges Will Feature More Collaboration, WFE Report Says Jim Kharouf – JLN Exchanges will have to spend more, share more and collaborate more in the coming years, according to a published report from the World Federation of Exchanges (WFE) and Oliver Wyman. The report, issued on Thursday at the 35th IOMA: The WFE’s Clearing & Derivatives Conference in Chicago focused on the recent trends for the exchange, CCP and market infrastructure providers since the 2008 financial crisis. /jlne.ws/2HwdDlQ ++++++ Editor’s Notes Our next episode of The Spread will be posted Monday. According to FIA…

Cboe News Day; SEBI Derivatives crackdown; Volatility a One-Sided Affair Newsletter,Options

Observations & Insight It’s Cboe News Time Apparently Spencer Doar – JLN A flood of news poured out of Cboe these last 24 hours. Much of it stems from continued integration and restructuring after the Bats deal. Then again, Cboe is celebrating the 25th anniversary of the VIX all month, so why not announce a bunch of stuff? (The announcement releases are all in our “Exchanges” section.) First came the announcement of a new Markets Division, bringing together the product, sales and business development units. Andy Lowenthal and Bryan Harkins will be co-heads of the unit. The next release was…

MIAX Challenges Nasdaq Options Patents; Crisis hedge funds’ lackluster performance Newsletter,Options

Observations & Insight With trade war, U.S. and China stumble into the Thucydides Trap John Kemp – Reuters The United States and China have fired the opening shots in a trade war that may be hard to stop. /jlne.ws/2GxA4tV ****SD: Regardless of the situation, whenever I see Thucydides mentioned I have to reread the Financial Times Alphaville article For the love of Zeus, stop misusing Thucydides from last summer for context. It’s well worth the more in depth history lesson/tuneup. Surprisingly, three of the four Trump officials referenced in the piece who are known for their Thucydides fandom are actually…

OCC Volume Up 15 Percent in March; Vol’s Bite; Goldman’s Vol View Newsletter,Options

Observations & Insight March 2018 Options Exchange Marketshare via OCC Lead Stories OCC Cleared Contract Volume Up 15 Percent in March OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in March reached 442,945,572 contracts, a 15 percent increase from March 2017. OCC’s year-to-date volume is up 32 percent with 1,400,345,396 cleared contracts in the first quarter of 2018, compared to 1,058,670,212 contracts in the first quarter of 2017. /jlne.ws/2GJUrmT ****SD: It will be nice to have volatility and increased activity to talk about at OIC this year. Volatility’s Bite Returns Ginger Szala…

OCC cleared volume up 42 percent; We actually don’t know; Beware low vol or long live low vol? Newsletter,Options

Observations & Insight January 2018 Options Exchange Marketshare vs January 2017 via OCC ++++++ Detailed January Volume Breakdown via OCC Lead Stories OCC Cleared Contract Volume Increased 42 Percent in January OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in January was up 42 percent from January 2017 with 479,812,469 contracts. Average daily volume at OCC is up 35 percent in 2018 with 22,848,213 contracts. OCC cleared futures volume is up 23 percent in January with 11,907,702 contracts. OCC’s stock loan program reported strong volume numbers with 233,482 transactions in January, up 29…

As Stocks Reach New Highs, Investors Abandon Hedges; Bond Market Vol at Multidecade Lows Newsletter,Options

Observations & Insight Top Options Stories of 2017 Countdown JohnLothianNews.com Listicles are occasionally the butt of jokes – Buzzfeed knows – but what about listideos? With 2017 in the bag, we at JLN thought we’d recap the year in options with a list of the big stories and trends – and there were a number. Below are links to stories referenced in the countdown. Watch the video and read the rest here » Lead Stories As Stocks Reach New Highs, Investors Abandon Hedges Gunjan Banerji – WSJ Big stock-market gains are leading a number of investors to abandon defensive positions…

The Spread: Week of 12/4 – 12/8 Video

A JLN debut! The Spread is a brief weekly recap of some of the notable activity in the options world. (It won’t always be this crypto heavy – we swear.) The following are stories referenced in this week’s episode of The Spread: WSJ – What Could Stir Up the VIX? Higher Inflation Bloomberg – Pound’s Acid Test on Brexit Is Yet to Come for Options Traders Highly Evolved Vol Blog – The Crowded Short Vol Trade JLN – Cboe Throws Launch Date Punch at Crosstown Rival CME Bloomberg – Congress Passes Two-Week Spending Bill to Avoid Dec. 9 Shutdown

The ‘VIX Elephant’ Is Due to Stampede the Market; A Boring Week in U.S. Stocks Newsletter,Options

Lead Stories The ‘VIX Elephant’ Is Due to Stampede the Market Luke Kawa – Bloomberg Derivatives traders should brace themselves for massive volumes in volatility-linked options. An options behemoth that’s been betting on a modest rise of the Cboe’s VIX index — and traded 3.15 million contracts so far this year — may roll over a huge position today or later this week based on trading patterns going back to July, Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, wrote in a note. jlne.ws/2AXEnrb A Boring Week in U.S. Stocks Masks a Roaring Appetite for Hedges Dani Burger…

CAT to boost cybersecurity threat?; FX markets stuck in low-volatility; Light trading volume in banks’ results Newsletter,Options

Lead Stories Audit Trail Could Boost Cybersecurity Threat, Exchanges Say Benjamin Bain – Bloomberg CBOE’s Concannon sees little benefit gained for greater risk; SEC facing calls to delay CAT until security can be ensured Stock exchanges could become more exposed to cyberattacks through a trade database being built to help U.S. regulators police markets, industry executives said Tuesday. jlne.ws/2ygTyNx ****SD: Not to be lost in this ongoing discussion: SROs helped write the requirements for the CAT. FX Markets Are Stuck in Low-Volatility Quicksand With No Escape Dani Burger – Bloomberg Currency markets are trapped by low volatility and only a…