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Gary Katz Reflects On His Career and “Active” Retirement Feature,video

At the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Gary Katz was honored with the Joseph W. Sullivan Award. His time running the first all electronic options exchange, the ISE, might be over, but Katz is still a busy man, considering himself in a period of “active” retirement. In this video he talks about his career influences and the endeavors that currently occupy his time, including developing a new line of snack foods. Produced by Mike Forrester Interview by Spencer Doar

Options Market Structure Issues; Timely VIX Hedging; No SPY Alternative for Traders Newsletter,Options

Observations & Insight Turn Yourself In, It’ll Be Easier: Bank Cooperation On Spoofing Charges Saves Millions Jim Kharouf – JLN Over the past several months, there has been a fair amount of talk about the Commodity Futures Trading Commission’s push on the so-called “self-reporting” initiative launched last September and aimed at taking it easier on firms that come forward with wrongdoing. Yesterday’s announced spoofing charges and fines include one of the first such self-reporting cases, with HSBC Securities settling for $1.6 million, Deutsche Bank for $30 million and UBS for $15 million. For the rest of the commentary, click HERE…

A New Exchange, a Different Asset Class and a Hearty Dose of Blockchain Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech

Madison Ave gets a new solution for buying and selling digital advertising (Editor’s note: For background on NYIAX and the state of the advertising business, see JLN’s You Look Mahvelous Dahling: “Mad Men” Ready To Walk The Exchange Red Carpet With Nasdaq.) Want to see a proper use case for the ever-buzzworthy blockchain? Look no further than NYIAX, an exchange for guaranteed advertising contracts that runs on Nasdaq’s technology and deploys the blockchain to track trades, positions and, in the end, streamline reconciliation. On October 10, NYIAX’s product went live and the exchange continues to line up publishers and advertisers…

The Patent World Blog,Feature,Investing & Trading

We’re back in court today. On Friday, Nasdaq filed suit against Miami International Holdings, the parent company of MIAX, the youngest of the U.S. options exchange groups. Nasdaq announced it had filed suit for patent infringement and theft of secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. According to Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at Nasdaq.” Nasdaq is asking the court to force MIAX to stop…

A Winding Path of Reinvention – Thomas Ascher Feature,MarketsWiki Education,MWEd,Video,video

“A risk-free life is a boring life. I’m not advocating taking stupid risks. Don’t. Understand the risks, but you can’t explore things if you don’t take some risk.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Thomas Ascher, an independent financial executive and former CSO of the International Securities Exchange, explains the proper steps on how to reinvent yourself. Ascher has worn many hats with quite a few companies over the years — NQLX, CBOE, Interactive Brokers — not to mention his time hawking cassette tapes out of his college dorm room. Ascher says that…

There’s one big trading company that’s loving all this uncertainty (CBOE); Buying Into the Turmoil: Investors Embrace the Risks; The VIX Is Broken, But Does It Matter? Newsletter,Options

Observations & Insight Options Industry Conference Update: Congress Continues To Push For Avoiding Unintended Consequences in Tax and Dodd-Frank reforms By Jim Kharouf and Jeff Bergstrom, JLN The 35th Annual Options Industry Conference kicked off on Wednesday with a major focus on Washington, especially on a host of new proposals on tax and Dodd-Frank reforms. The conference, hosted by Intercontinental Exchange’s NYSE in Scottsdale, Arizona, led with an interview with Congressman Tom Reed (R-NY 23rd District) who outlined initiatives to address tax reform in 2017. Reed told OCC’s Executive Chairman and CEO Craig Donohue that the tax reform may have…

Euro Hedging Costs Surge as Traders Respond to Political Risk; Understanding the Trump Rally; Taxes more than gains? Yes, if you don’t exit your options in time Newsletter,Options

Observations & Insight Take Our Survey – Again By Jim Kharouf, JLN Editor-in-Chief & CEO Sometimes these things happen. The link we provided yesterday only allowed one person to take the survey. We know there are more than one of you willing and able to take it. Here’s the link. Please take a few minutes to help us out about what you like and what you don’t like about our publications and websites. The questions are supposed to be fun, funny and for us, enlightening. It’s also a great place to leave us comments and suggestions for future content and…

Record Equity Investor Calm Means It’s Cheap to Hedge Trump Risk; Thesys to run massive U.S. securities markets trade depository; CBOE Holdings Stockholders Approve Share Issuance In Bats Merger Newsletter,Options

Observations & Insight Hungry for more: Dash Financial Sees Opportunity In A New Broker Landscape Jim Kharouf – JLN For some firms today, being young has its advantages. Dash Financial might just be one of those young and agile companies that can take advantage of the currents that are pushing and pulling the industry. Later this quarter Dash is expected to complete its acquisition of LiquidPoint, Convergex’s options brokerage and technology business, thus giving the combined firm 13 percent of the equity options and index options market volume. That’s more than double the current marketshare Dash Financial has quickly built…

JLN Options: Nasdaq Preps ISE Migration; China’s Stock Options Traders Haven’t Been This Bullish All Year; Taiwan says tightens forex derivative options business for seven banks Newsletter,Options

Observations & Insight JJ Kinahan, TD Ameritrade – Seeing Opportunity Everywhere in the Market MarketsWikiEducation.com “I don’t care what job you have, I don’t care where you are at, you basically hate 25 percent of what you do. Twenty-five percent of your job you’d probably do for free. It’s fun, it’s great, it’s why you get up in the morning. So, now you have a challenge — the 50 percent in the middle. The 50 percent in the middle, your opportunity is to say, ‘You know what? I’m going to make this fun somehow.’” Watch the video » Lead Stories…