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Tag Archives: Henry Schwartz

Senate votes to confirm slate of three CFTC commissioners; Bats fires up debate over NYSE and Nasdaq closing auctions; LSE’s New Brexit Plan to Protect London Financial-Hub Status John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The U.S. Senate has unanimously confirmed Chris Giancarlo as Chairman, Quintenz and Behnam as Commissioners.~JJL The latest in Asia Pacific Financial News from John Lothian News for August 3, 2017 is available here Trade Alert President Henry Schwartz‘s talk is today’s video from MarketsWiki Education. The other videos we have released so far are Everyone Can’t Be the Best from former NYSE Euronext CEO Duncan Niederauer, The Concept of Basis from Gregg Doud, president of the Commodity Markets Council, and The State of Today’s Markets: Issues and Opportunities from Tabb Group founder…

Making Sense of Options Order Flow – Henry Schwartz Blog,Feature,MWEd,Video,video

“There are four primary reasons people use options, and they tend to attract the smartest, the most well capitalized and most informed traders out there. Basically, dumb people lose their money trading options so quickly, they’re not really out there anymore.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Henry Schwartz, president of Trade Alert LLC, breaks down the four primary reasons people trade options: leverage, defined risk, flexibility and liquidity.  Schwartz then delves into a wealth of data to show what kind of information can be gleaned from the 1.1 million options trades happening…

The Yin and Yang of Options Markets Options,Video,video

Henry Schwartz, president of Trade Alert, thinks the options industry is doing well given current market conditions, but is quick to acknowledge its much publicized struggles. In this video from the Options Industry Conference in Scottsdale, Ariz., Schwartz talks about the interrelated forces at work in options markets today and how they are both hurting and helping the industry. For more on Schwartz’ take on the industry, see Not as Bad as it Seems: Schwartz Addresses the State of the Options Industry.

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…

Not as Bad as it Seems: Schwartz Addresses the State of the Options Industry Blog,Commentary,Feature,Options

Henry Schwartz, president of Trade Alert, gave his annual “State of the Options Industry” address at the Options Industry Conference in Scottsdale, Arizona, and painted a more optimistic picture than recent portrayals in the press.   Yes, options volumes for 2017 are predicted to be flat to slightly up, a bit more than 4 billion contracts, but to Schwartz, that is a good number given the lack of volatility. Another positive is that more institutional users are appearing in the options market. According to his calculations based on regulatory filings, some 100 institutions enter options markets annually while 85-90 drop…

The Aggregated Wisdom of Henry Schwartz Blog,Options

In December, JLN was lucky to have Henry Schwartz of Trade Alert as a guest editor for the JLN Options newsletter. Some of you might have missed his contributions from that week – below is a post comprised of all of his observations with some slight edits. His columns are listed in chronological order from when they were published (12-12-16 through 12-16-16). Complex Orders and Daily Options Volume It’s a great honor to edit the JLN Options newsletter because I have always found it to be a crucial source of timely and relevant news (and not ‘fake news’) for professionals…

Miami International Holdings and Ledger Holdings Announce Investment in LedgerX Holding Company; FX options a tempting solution – but problems persist; VIX ETFs Have Seen $8.7B In Bullish Bets This Year, Even With VIX Down 30% Newsletter,Options

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. The year in options: A tribute to David Letterman Henry Schwartz – Trade Alert I’ve really enjoyed sharing some insights and data from the US options industry with the readers of JLN Options this week. Next year will mark my 30th in this business, which I’ve watched evolve from a surprisingly effective frenzy of hand signals and paper tickets on the floors to a highly efficient hybrid marketplace where some nearly $6B of premium changes hands daily….

Multi-Asset Trading Now in Vogue for the Buy Side?; Exploring the Rare Action in the S&P 500 Put / Call Ratio; Bets surge on WTI playing catch-up with Brent price Newsletter

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. Building Blocks Henry Schwartz – Trade Alert The flip side of smart-routed sweeps we discussed yesterday is high-touch institutional block trading. While fragmentation and automation are primary features of our market at the exchange level, hedge funds and pension managers care very little about maker-taker fee models and rebates – they simply want efficient executions and a smooth trading experience. Today’s chart breaks total single-stock option volume by order size. The top line is 10 lots and…

Options market data for stocks; Safety Trade Turns Risky as Options Players Seek Bond Hedges; Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017 Newsletter,Options

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. Sweeping change Henry Schwartz – Trade Alert Over the past 30 years the options market has evolved from four exchanges enjoying monopolistic single-listings to a highly competitive landscape of 14 (15 in February) venues with nearly all liquid products listed on all exchanges, fragmenting liquidity and adding a great deal of complexity to even relatively small trades. Leading participants have responded to this market structure with sophisticated ‘smart routers’ designed to optimize executions in the form of…