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Tag Archives: Hotspot

Stock Returns and Politics = Not Normal; VIX The Tail Wagging The Dog?; Euro Pressured as Volatility Rises Newsletter,Options

Lead Stories Stock Returns, Like Politics, Are Not Normal; There are two primary reasons for the protracted decline in both implied and realized volatility. Dean Curnutt – Bloomberg Perhaps no consensus opinion has proven more incorrect than the notion that a Donald Trump presidency would lead to more market volatility. So range-bound has been the S&P 500 Index in 2017 that fully 60 percent of the days have produced a daily upside or downside return of less than 0.25 percentage point. /bloom.bg/2wqU4c9 ****SD: From WSJ – Investors Grapple With Signs of Unrest and from NY Times – The Stock Market…

Inside Take on Bats’ Technology at CBOE Feature,Video,video

  For the past two months, Kapil Rathi, senior vice president, options business development with CBOE, has had a firsthand look at the process of integrating Bats’ technology with CBOE’s. In this video filmed at the Options Industry Conference in Scottsdale, Ariz., Rathi discusses the potential of this new combined platform moving forward.  “Over a period we actually have solidified this art of integrating new businesses,” Rathi said.  Rathi came came to CBOE from Bats, and cited Chi-X Europe, Direct Edge and Hotspot FX as proof of the Bats team’s ability to adapt to new businesses and asset classes.  Add the expertise…

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…

JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint Feature,Mwiki,Video,video

CBOE Holdings arguably had its biggest year in history in 2016 with the purchase of Bats Global Markets for $3.2 billion. The deal expanded CBOE’s footprint in the securities space in the US and in Europe, plus forex as well. It also provided a new technology platform to keep CBOE competitive. “It’s taking this unique product set and distributing it across a much broader geography with a much more diverse business development platform,” said Ed Tilly, chairman and CEO of CBOE. “So we’re going to leverage that presence in London.” Next, CBOE is turning its attention toward the migration of…

John Lothian Newsletter: Exchanges and interdealer brokers reshape to face fragmenting market; ICE Futures Singapore Launches with Commodity and FX Contracts Serving Asian Markets; GMEX’s CMF granted CFTC approval John Lothian Newsletter,Newsletter

First Read Boy Scouts Search for a New Path; Now is not the time for the Boy Scouts of America to recede from its long-standing national role. By MICHAEL S. MALONE – WSJ Having passed through the controversy over its acceptance of gay members in 2013 and gay leaders this year, the Boy Scouts of America now finds itself at a crossroads. The path it chooses may have a profound and enduring impact on American culture. For a century now, the BSA has been, and remains, the largest youth organization in the United States. There are 2.6 million Cub Scouts,…

John Lothian Newsletter: CFTC’s Giancarlo Calls U.S. Swap Rules ‘Fundamentally Flawed’; Epic Battle for Control of GFI Comes to a Head Thursday at Midnight; LSE to put Russell Investments up for sale for 923 million pounds John Lothian Newsletter,Newsletter

First Read Focused: What The Industry Knows About Transparency JohnLothianNews.com Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry participants key questions about transparency issues in today’s markets. Where do we need to improve transparency in the markets today? What is the solution to achieve that? How will futures and options markets look in the future, in terms of transparency? The final product is these three short videos featuring 15 participants from across the industry – trading platforms, FinTech…

John Lothian Newsletter: KCG to sell forex trading platform Hotspot to BATS Global; GFI head makes last call for CME backing; ‘Wall Street Spy Ring’ Sought to Disrupt Financial Markets John Lothian Newsletter,Newsletter

First Read A Daughter’s Scouting Journey By John J. Lothian My daughter Katherine has joined the Boy Scouts of America. Yes, that is right, the Boy Scouts of America. She is a 17-year-old girl and joined a Venture Crew, a shooting focused unit. She now has a FOID (Firearms Owner Identification) card, is (somewhat) trained to shoot and has an attitude. Actually, it is a very sweet attitude. After years of my suggesting and prodding, Katherine decided to become a scout to attend the the 23rd World Scout Jamboree in Japan this summer. She is signed up and going as…

JLN Special Report: January 2012 Volumes Down Environmental/Energy,Financials,Managed Futures,Metals,Options,Regulation,Special Report,Tech / HFT

Jim Kharouf

On Your CalendarA little over a month ago, I asked an exchange executive about falling volumes in the options space, to which he said. “January is going to tell us a lot.” January’s message to the options industry wasn’t kind. Most exchanges are reporting lower volumes for the month. Some may call it an off month, but given a host of events that have hit the financial markets – futures, options, stocks and currencies – January may be a harbinger for a rough 2012. CNBC’s Bob Pisani wrote a good story about equity market volume drops and its causes. He pointed out…