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Tag Archives: junk bonds

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown John Lothian Newsletter,Newsletter

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…

John Lothian Newsletter: Libor Oversight Chief Was Forced Out; Nasdaq NFX passes key trading milestone; FCM client clearing numbers in steep decline John Lothian Newsletter,Newsletter

First Read WSJ overhauls Money & Investing team Talking Biz News There are a lot of changes underway at the Money & Investing team and I wanted to share them with you. The moves are intended to make our coverage more analytical, impactful, and timely, while giving our staff opportunity to adapt and grow. bit.ly/1NtgfxS ***** Aaron Lucchetti, Telis Demos and Serena Ng are among the reporters given new roles. Lucchetti, a favorite of mine, will become the lead financial technology editor. It tells you the tectonic shifts going on in the financial sector as FinTech becomes the game. I…

JLN Financials: Italy’s Problem Is Europe’s Problem; Life after Pimco: how bond manager Seidner beat his old boss Gross; Banks Retreat From Market That Keeps Cash Flowing Financials,Newsletter

First Impressions The Euro: German or Italian? Today’s lead story sums up the age-old question – what is the euro and what does it stand for? Getting a solid answer is critical to determining the direction of the common currency. The Wall Street Journal’s Simon Nixon asks, “will the euro be a strong currency underpinned by credible rules and self-reliant states with any burden-sharing subject to strict conditions and pooling of sovereignty? Or will it be a weak currency, reliant on periodic episodes of devaluation and inflation to restore competitiveness and sustained by fiscal transfers whether introduced formally or by…

JLN Financials: Yellen Debut Rattles Markets; European Bonds Decline With Global Peers; Treasury 10-to-30-Year Curve Narrowest Since 2010 Financials,Newsletter

First Impressions On Wednesday afternoon, Federal Reserve Chairwoman Janet Yellen gave her first post-meeting press conference. One statement stood apart from the rest, and has been called a “gaffe” by the various media outlets. The supposed mis-statement, which sent equities markets down nearly one percent, was a possible six-month time horizon on a potential rate hike. All things considered, the statement was rather benign, as was the market reaction. But, benign does not sell newspapers, so the markets were apparently “rattled” by her statement. Whatever. For more on the Fed meeting and Ms. Yellen’s press conference, please check out the…

JLN Options: Spike in trading volume: Blame a witches’ brew of options expirations Newsletter,Options

Lead Stories Spike in trading volume: Blame a witches’ brew of options expirationsKate Gibson, MarketWatchFriday’s spike in trading volume has virtually nothing to do with the market’s recent advance to multi-year highs, and everything to do with an event that comes just four times a year.http://jlne.ws/ZmYpDz Mini-options debut in five large namesChris McKhann, optionMONSTER (via Yahoo Finance)Today marks the start of trading in the new mini-options, which will give smaller traders access to contracts on some of the more expensive and popular stocks.http://jlne.ws/11afogn Volatility Traders, Gold Bulls Are Loving The Mess in CyprusBrendan Conway, Barron’sThe fast money is eager for…

JLN Options: Volatility Derivatives Soar Despite Placid Market Newsletter,Options

Commentary & Insight Jill Sommers Reflects on the CFTC, Dodd-Frank, and Her FutureMarketsWiki.tv Jill Sommers, Commissioner of the Commodity Futures Trading Commission (CFTC), is stepping down after the first quarter of this year. Sommers spoke with JLN editor-in-chief Jim Kharouf about the progress of Dodd-Frank, position limits, and what the future holds for the CFTC after her resignation. Sommers discussed how the CFTC has changed over the last five years — including their increased budget and staff, moving from principles-based to rules-based rulemaking and their greatly increased public profile. She also reflected on the Dodd-Frank rulemaking process, saying she wished…

John Lothian Newsletter: London Stock Exchange Revises Offer for Clearinghouse; Knight gets a key nod; A Banner Year for Riskiest Debt John Lothian Newsletter,Newsletter

As expected, the London Stock Exchange has downshifted its offer for clearing house LCH.Clearnet. TD Ameritrade, a major shareholder in Knight Capital, gives a key thumbs-up to the takeover deal by GETCO. Risk was alive, well, and in some cases handing out big rewards in 2012, as the junk bond market paid off well for many playing in that sandbox.