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Tag Archives: Joe Mecane

Options Traders Aren’t Sweating the Debt Ceiling; China Inc.’s Next Debt Headache Is $580 Billion of Put Options Coming Due; Banks relying on volatility resurgence to boost trading profits Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Up Two Percent in July OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in July was 324,718,888 contracts, up two percent from the July 2016 volume of 317,045,566 contracts. OCC’s year-to-date average daily cleared contract volume is also up two percent with 17,045,133 contracts in 2017. Lead Stories Options Traders Aren’t Sweating the Debt Ceiling Chris Dieterich – WSJ The bond market recently appeared jittery about a protracted fight on Capitol Hill over the debt ceiling. Options? Not so much. A reading of the options…

John Lothian Newsletter: ICE to Transition Cleared Energy Swaps to Futures; Singapore Exchange to set margin requirements; Fidessa expects tough trading to persist John Lothian Newsletter,Newsletter

IntercontinentalExchange says that the time has come to convert its OTC energy swaps into on-exchange futures contracts.  Singapore Exchange is ready to require clearinghouse-held margin for positions to guard against oversized failure.  Trading tech company Fidessa looks at the financial arena and sees tough times ahead in terms of further consolidation and closure.  In First Read, you’ll find fresh updates including a brand new Jobs page on MarketsWiki; pointers to videos shot in London; and a new video with Joe Mecane of NYSE Euronext, who talks about the company’s Retail Liquidity Program that launches tomorrow.

NYSE Euronext’s Joe Mecane Discusses Their New Retail Liquidity Program Interview,Tech / HFT,Video

Joe Mecane

Joe Mecane is executive vice president and co-head of U.S. listing and cash execution at NYSE Euronext. He spoke with JLN senior editor Sarah Rudolph from the floor of the NYSE about the exchange’s new Retail Liquidity Program, which is set to launch on August 1, 2012. The new program is designed to attract retail traders by offering them better price improvement than the National Best Bid and Offer (NBBO). Orders placed through the program would interact with non-displayed retail price improvement orders provided by retail liquidity providers.