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Tag Archives: JPMorgan

JLN Options: Volatility Is Collapsing Right In Front Of Our Eyes, As Debt Ceiling Fears Fade Newsletter,Options

Dear Readers, This week we began to send you daily editions of JLN Options rather than just posting this information to our blog at www.jlnoptions.com. Our newsletters started out as blogs, evolved to weekly newsletters and now to a daily.  We believe pushing this information out to you as well as having it available online and via search is the optimal format. We hope you are enjoying the daily delivery of the newsletter.  We welcome input on this move and any other suggestions for the newsletter. Please feel free to recommend the daily newsletter to your friends and colleagues.  They…

JLN Options: CBOE Revamping Board to Drop Traders Newsletter,Options

Lead Stories CBOE Revamping Board to Drop TradersJacob Bunge, The Wall Street JournalThe biggest U.S. stock-options exchange is cutting ties between its board and traders on its markets following a federal probe into the exchange’s regulation of its members, according to people close to the situation.http://jlne.ws/V6erDe Options Market Watch: Covered Call Trading Starts 2013 with a BangChristopher Ebert, Market PlaygroundLast week’s Option Index Update concluded: “Be prepared for a sideways or choppy market next week, as last week’s gains get digested!”Not much has changed since last week’s update. Covered call trading continued its nearly uninterrupted streak of profits; a streak…

JLN Options: A Washington Post Article On The Debt Ceiling Is Being Blamed For The Collapse In Market Volatility Newsletter,Options

Lead Stories A Washington Post Article On The Debt Ceiling Is Being Blamed For The Collapse In Market VolatilityJoe Weisenthal, Business InsiderQuick heads up.Some folks are attributing the market rally and the collapse of volatility to a Washington Post article by Greg Sargent arguing that the GOP isn’t united in their Debt Ceiling strategy as people might think.http://jlne.ws/13h48x9 As VIX slumbers, investors grow complacent David Berman, The Globe and MailBill Luby at the VIX and More blog has been polling readers weekly on their top fears. In the latest poll, concerns about the U.S. deficit and debt ceiling have become the…

JLN Options: 2012: The Year In VIX And Volatility Newsletter,Options

Lead Stories 2012: The Year In VIX And VolatilityBill Luby, Seeking AlphaEvery year I assemble a chart that is my retrospective look at the year in volatility. While 2012 was the first year since 2006 that the VIX failed to make it out of the 20s, this was not due to an absence of threats to the stock market.http://jlne.ws/VAaBQv  Be Careful for What You Wish For  While clichés fly, stocks’ dependence upon easy Fed policies remains after fiscal cliff is sidestepped.  Randall W. Forsyth, Barron’sIn its annual list of words that ought to be banished from the English language compiled by…

John Lothian Newsletter: CFE To Launch S&P 500 Variance Futures On October 4; Chicago Fed warned SEC about high-frequency trading; Bond trading model shows signs of stress John Lothian Newsletter,Newsletter

The CBOE Futures Exchange announces a new S&P 500 variance futures contract, slated to begin trading on October 4 assuming that it receives a thumbs-up (or at least a “thumb-of-no-action”) from regulators.  In the latest episode of, “We Told Them Years Ago,” the SEC comes under fire for having been warned about high-frequency trading two years ago by the Chicago Fed, long before its recent interest in regulating the practice.  New regulations and trading environments are shaking up the once stable domain of the bond trader.  In today’s First Read, be sure to take a look at the second part…

John Lothian Newsletter: Managers Take A Timeout From Stocks; Senate JPMorgan Probe Said To Seek Tougher Volcker Rule; London Regulation Pushes Debt Deals Away John Lothian Newsletter,Newsletter

Even though the year’s not nearly over, investment managers are thinking about their current track record and wondering if they’re in a position to halt trading already for the year. The U.S. Senate’s committee investigating JPMorgan’s “whale” loss is expected to present its findings in the hope of toughening up the Volcker Rule.  Regulatory arbitrage surfaces in London, as debt issuers look overseas to countries with less strict rule interpretations.  In today’s First Read, you’ll find two new MarketsWiki.tv interviews:  one with Ryan McElvogue of FFastFill, discussing regulatory and operational risk; and Steven Crutchfield, new CEO of NYSE Amex Options…

John Lothian Newsletter: ICE push into Europe with Dutch purchase; Exchanges Face SEC Scrutiny on New Products; Nasdaq pushes into post-trade monitoring John Lothian Newsletter,Newsletter

IntercontinentalExchange hops on the bus to Europe, preparing to take a majority interest in a Dutch energy exchange. The SEC begins to target and investigate exchanges and the way that high-frequency trading customers and processes are handled relative to the rest of the trading population.  As brokers search for better ways to manage trade risk, Nasdaq signals its entry into the post-trade risk arena.

John Lothian Newsletter: CBOE looks to set up London base; Citigroup to launch commodity trade finance business; Liquidnet launches Philippines dark pools John Lothian Newsletter,Newsletter

CBOE announces plans to expand into London with VIX futures.  Citigroup, seeing the European exodus from commodity trading by banks and other firms, decides to take a seat at the table.  Liquidnet opens up its ninth dark venue in Asia in the Philippines.

John Lothian Newsletter: London Overtakes New York As Brent Oil Beats WTI; Bourses Look To Exotic Market Tech Deals To Revive Revenue; JPMorgan’s “London Whale” Was Prodded To Boost Valuations John Lothian Newsletter,Newsletter

Trading volume in crude oil points for the moment to a new leader, as trading in London pushes past New York’s contract volume. Exchanges, struggling with sagging volume amid economic, regulatory and execution woes, look to technology deals with smaller markets as a way to boost revenue. In the ongoing saga of, “A Whale and His Risk”, JPMorgan’s Bruno Iksil was apparently given instructions to overtrade by his boss. And in First Read today, take a look at the MarketsWiki.tv interview with Robert Fitzsimmons of almost-launching online broker Optionshop.