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The Kooky News for Friday the 13th Blog,Commentary,Options

Befitting the day, there are indeed some weird happenings in our markets. First, recall the release yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses and attempting to cover it up, as well as for other corporate malfeasance. This individual neither…

Push for MiFID II Delay; Libor settlement; Bond volatility Newsletter,Options

Observations & Insight The Kooky News for Friday the 13th Spencer Doar – JLN Befitting the day, there are indeed some weird happenings in our markets. First, recall the release in Observations yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses…

Deutsche Borse agrees to pay EUR10.5m over CEO insider trading probe John Lothian Newsletter,Newsletter

First Read Hits & Takes Students who want to learn about the financial services field are invited to join us at our October 16th MarketsWiki Education Intern Recruiting Event Chicago, where financial services professionals will deliver informative presentations about careers, trends and opportunities in our global markets. This event also includes a new job fair for student internships in 2018. ~JB Overall precious metals volumes at CME Group are up 49 percent through August over last year.~JK BlockexMarketsMarkets, a “digital asset creation, issuance and trading platform,” is open for trading.~JK ++++ Intercontinental Exchange Announces Volume Record in MSCI Index Futures…

Suspect trading in Equifax options; Risks From ‘Shadow Insurance’ Business; $1 Silver Options Bet Newsletter,Options

Observations & Insight House passes hurricane aid, debt ceiling extension, government funding Christina Wilkie – CNBC The House of Representatives on Friday overwhelmingly backed the Senate’s version of a bill raising the nation’s borrowing limit for three months, funding the government and providing $15.3 billion in aid for victims of Hurricane Harvey. jlne.ws/2weDgQP ****SD: It’s not your imagination — there are more curveballs thrown of late. See the Sports Illustrated cover story from May – Forget velocity, the curveball’s resurgence is changing modern pitching. ++++++ TradeStation Expands “TradeStation Salutes” Program to Include First Responders Program Now Offers Commission-Free Trading for…

How Fair Is Stock Trading? The SEC May Decide; U.S. Gets Easier Path to Insider-Trading Convictions John Lothian Newsletter,Newsletter

First Read Hits & Takes Can you get transcendent for charity? – ohmmmmm, yes. Check out the SweatForALTSO X ASCEND event Sept. 6th in Chicago. It’s a yoga/meditation event and part of the series of active events A Leg To Stand On usually hosts in New York. This is ALTSO’s first such Chicago event! ~JK Hoosier humor. The increasingly funny Walt Lukken had the tweet of the day yesterday when he posted “Life’s constants: Death, taxes and Lothian’s plugging of Pat Kenny. Great advice for interns” along with links to the Pat Kenny MarketsWiki Education video.~JJL US Bank branch manager…

Long-Term Investors are Gamblers?; Insider Trading Case Tests Friendship; Math Geeks Scramble to Defend Index Boon John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff People lined up on LaSalle Street at midday yesterday like there was a sports championship parade happening. Instead, it was just an eclipse.~JJL John M. Ruth has joined Grey Street Capital as Chief Operating Officer. Ruth was formerly the CEO of ABN AMRO Clearing Chicago LLC.~JJL Check out SGX‘s Bull Charge, Climb for Charity.~JJL Cinnober has taken over the @MovetoStockholm Twitter handle for the week.~JJL Bruce Tuckman was appointed chief economist at the CFTC yesterday. And tells us he couldn’t be Chicago Mayor Rahm Emanuel‘s older brother. ~SD At the NFA yesterday,…

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…

The Great ‘Buy the Dip’ / ‘Sell the Volatility’ Trade; Stocks Keep Calm Amid Carrying On; U.S. equity options project calm as French election looms Newsletter,Options

Lead Stories The Great ‘Buy the Dip’ / ‘Sell the Volatility’ Trade RCM Alternatives Attain Blog We can’t stop thinking/talking/analyzing volatility, in what has become the defining trade of the past few years. As JPM’s quant Marko Kolanovic put it via ZeroHedge: “Shorting volatility is a multi-year alpha generating strategy utilized by the largest pension funds, asset allocators, asset managers and hedge funds alike that has profited from selling into short-term vol spikes (similar to ‘buying the dip’). It will continue being done until it ceases working; it remains a +++ performance driver for now.” You can see this clearly…

2016 – The Volatility Year That Wasn’t; The Zig and Zag of 2016’s Volatilities; Kate Spade Entangled in Insider Trading Allegations Following Sale Reports Newsletter,Options

Observations & Insight The year is dead. Long live the year! Spencer Doar – JLN Everybody feeling refreshed? Ready to continue barreling headlong into the unknown? Hope so – nothing will wait up for you. Speaking of not waiting up, our JLN Options newsletter was on the shelf for the holidays and despite it being a slow period, there was still news pertaining to our markets. As such, there are a some stories sprinkled in today’s newsletter from the tail end of 2016. Just before we signed off for 2016, we had Henry Schwartz of Trade Alert as a guest…