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Tag Archives: interest rates

Montréal Exchange’s Luc Fortin Says It’s All About The Time Feature,Mwiki,Video,video

Market to Expand Hours and Revamp It’s 5-Year Bond Luc Fortin, the president and CEO of Montréal Exchange, is looking to expand the exchange’s reach this year with new extended hours starting in October, which will grab more of the European time zone as well as its interest rate suite in the second half of the year. It is one of the last G7 exchanges to offer longer trading hours, so the move will put the Canadian derivatives market on a more equal footing with other markets. “The concept of trading the market on your time is something we’re very…

Volatility Is Back. Scarred ETF Investors Aren’t Newsletter,Options

Lead Stories Volatility Is Back. Scarred ETF Investors Aren’t Asjylyn Loder – WSJ Exchange-traded products that enable investors to profit from wild price swings in stocks are enjoying big gains this year. But retail investors, who’ve been burned in the past by betting on volatility, are mostly steering clear of them. /jlne.ws/2v5pMvH Last commodities hedge funds go off beaten track Gregory Meyer – Financial Times Being a commodities hedge fund manager is an increasingly lonely pursuit. Specialists in fuels, crops and metals have been exiting and few new arrivals are taking their place. This class of traders once threw its…

Dash Buyout; LJM-Wells Fargo lawsuit; Options-based funds study Newsletter,Options

Observations & Insight Bits for Weekly VIX/SPX Expiration Day Spencer Doar – JLN The Onion had a good title for Gary Cohn’s resignation – Gary Cohn Resigns In Protest Of Trump’s Bigoted Comments Towards Aluminum. If you’re wondering when this trade war could kick off – who isn’t? – Axios is reporting that Trump wants to announce tariffs tomorrow and the White House said “this week.” Cboe released an update of its white paper on options-based funds. The 105 options-based funds focused on in the study have AUM of $38.1 billion. Some $8.5 billion of that total comes from the…

Making a Friend of Fear; Speculators take record bet Fed will pull rate trigger soon Newsletter,Options

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Lead Stories Making a Friend of Fear Steven M. Sears – Barron’s We find ourselves in the midst of great debates in the stock and options market. The Standard & Poor’s 500 index, for which 2017 was the least volatile year since 1965, is no longer serene. Early February brought about the most severe single-day decline for the Dow Jones Industrial Average, and the largest one-day increase for the Cboe Volatility Index. VIX was so low for so long that it seemed as if it would never return to its long-term average of about 19. Now, VIX seems unlikely to…

Call the Guinness Book – Trading Records at CME Continue Blog,Commentary,Exchanges, OTC & Clearing,Options

In 2018, 40% of Eurodollar options trading, 84% of Treasury options trading on the screen  The hit parade continues over at CME Group. Its markets didn’t need a volatility spike to continue their volume and open interest trends, but CME got one anyway and benefitted, especially in the interest rate options complex. The exchange group already had record electronic daily activity in its interest rate options in January. On February 6, as market participants were still trying to wrap their heads around inflation concerns and a market selloff, CME Group saw 2.96 million interest rate options trade on Globex. The…

Advocating for a stronger U.S. options market; $60m bond trade; BofA to Become MiFID II Venue for Derivatives Newsletter,Options

Observations & Insight Bittrex Inc. takes controlling strategic stake in Seed opening new trading opportunities for Institutional Crypto Trading Seed CX Seed CX Ltd (“Seed”) today announced a strategic investment by Bittrex Inc., a US-based cryptocurrency trading platform. Seed is currently onboarding institutional participants and will launch spot and derivative crypto trading in Q1 2018. Bittrex is one of the largest crypto trading venues in the world, with over $3 billion notional traded on a daily basis and over 2 million customers. Seed operates a swap execution facility, Seed SEF, registered with the Commodity Futures Trading Commission. Edward Woodford, CEO…

Fangs futures arrive as exchange operator tries to cash in on tech rally; Bond trading desks seek data scientists to work alongside traders John Lothian Newsletter,Newsletter

First Read Hits & Takes Our friends at the Chicago Federal Reserve have published a primer on Blockchain. “Blockchain and Financial Market Innovation” by Rebecca Lewis, John W. McPartland, and Rajeev Ranjan is available HERE.~JJL Bob Pisani of CNBC likes the ICE’s new NYSE Fang Plus Index, the futures of which launch today.~JJL MarketsMedia has announced their 2017 Women in Finance Award Winners, with many of our favorite people listed as winners.~JJL Hamish Purdey, Chief Executive of Intelliflotaking, is taking part in Centrepoint’s Sleep Out to give homeless young people a future. You can help support his efforts HERE.~JJL The…

Interest (in) rates: CME’s suite soars Blog,Commentary,Feature,Options

Despite historical seasonality trends pointing to decreased trading activity in summer months, CME’s interest rate complex has been red hot. In the past month, CME Group has experienced records in a variety of rate-related products in terms of average daily volumes, open interest, electronic trading and investor participation. Average daily volumes (ADV) and open interest (OI) in Ultra 10-year Treasuries, Wednesday Weekly Options on Treasuries (just launched in June), electronic trading of eurodollar options are all at highs and foreign investor participation is on the rise.  (See the infographic below for more.) In August, OI in treasury options reached a record;…

CME Group CEO Terry Duffy on Business and Interest Rates Under the Trump Administration Feature,Video,video

With a new administration in place and a more optimistic outlook from the market community, CME Group is well positioned to succeed, according to CEO Terry Duffy. Whereas global regulatory efforts have served as a headwind for the industry since the financial crisis, now the United States is benefiting from the perception that the new administration’s stance on regulation will serve as an tailwind. There is much left to be determined, certainly, but even the shift to no new regulation as opposed to deregulation is sufficiently pro-business to elicit optimism, said Duffy.  Adding to that is the Federal Reserve as…