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Tag Archives: LedgerX

The Spread: Week of 12/4 – 12/8 Video

A JLN debut! The Spread is a brief weekly recap of some of the notable activity in the options world. (It won’t always be this crypto heavy – we swear.) The following are stories referenced in this week’s episode of The Spread: WSJ – What Could Stir Up the VIX? Higher Inflation Bloomberg – Pound’s Acid Test on Brexit Is Yet to Come for Options Traders Highly Evolved Vol Blog – The Crowded Short Vol Trade JLN – Cboe Throws Launch Date Punch at Crosstown Rival CME Bloomberg – Congress Passes Two-Week Spending Bill to Avoid Dec. 9 Shutdown

Short-VIX Trade Shows Few Signs of Fading; More BTC; Sleepy Oil; Markets Numb to Risk Newsletter,Options

Observations & Insight Bitcoin stirs volatility fears as it heads for $10,000 Hannah Murphy – Financial Times The price of bitcoin soared to record highs on Monday and approached the symbolic $10,000 threshold even as some traditional marketplaces warned they were becoming “uncomfortable” with the volume and volatility of trading in the cryptocurrency. on.ft.com/2BmDb0m ****SD: Some folks must be making that “baby’s first taste of lemon” face. Just two weeks ago – when BTC was trading for less than $8k – LedgerX initiated it’s first long-term bitcoin futures option with a strike of $10,000 (sold/bought for $2,250.25). The contract expires…

LedgerX Initiates First Long-Term Bitcoin Option Price at $10,000; Low vol paradox Newsletter,Options

Observations & Insight FUD on All Sides: In Defense of CME’s Bitcoin Plan William Mallers – Coindesk I’m a member of the Chicago Mercantile Exchange. I’ve also been a bitcoiner since 2013. So, when CME Group announced its intention to launch bitcoin futures in the coming weeks, I thought, “Great! Way to go, CME.” bit.ly/2hSpzG8 ****SD: Pretty much Mallers vs. John Lothian. Go to the comment section for a ton more fireworks. Here’s a Bloomberg piece – A Hacker Warning for Bitcoin – from today in light of the Tether heist. Lead Stories LedgerX Initiates First Long-Term Bitcoin Option Price…

The Industry Discusses Cryptocurrencies and DLT, Part I Feature,Video,video

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This fifth video in the series is the first to cover the crazily popular cryptocurrency space and its technological underpinnings. In part one, Ed Tilly, chairman and CEO of Cboe, Drew Shields, Trading Technologies’ CTO, Thomas Flake, the co-founder and chief marketing officer of bcause, Kevin Darby, managing partner at Blue Trading Systems and Chris Hehmeyer, CEO of Hehmeyer Trading + Investments share their thoughts on the future of the crypto…

Whoah, That was Fast; Cryptocurrencies Move a Step Closer to the Mainstream Newsletter,Options

Observations & Insight VIX Bits Spencer Doar – JLN On the 30th anniversary of the ’87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had one of the best analogies for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time…

Will Options Trading Bring Institutional Investors to Bitcoin?; Nevermind the VIX – Stock Volatility Is Rising in Subtle Ways; Volatility Gauges Tumble to New Lows Amid Complacency Fears Newsletter,Options

Observations & Insight Learning to live with low vol Jean Boivin and Ed Fishwick – BlackRock Investment Institute Digging into U.S. equity volatility patterns dating back more than a century, we find low market vol can last for years and tends to overlap with subdued macroeconomic vol. Combined with our view that the U.S. economic cycle has room to turn, we believe this environment helps foster risk-taking. jlne.ws/2vLZiij ****SD: I missed this when it came out at the end of July. Here is a link to the full PDF – the above is a synopsis. From the report: “Running a…

CBOE to launch bitcoin future contracts; LedgerX Will Transform Cryptocurrencies; Traders are betting big on a stock market shock Newsletter,Options

Observations & Insight July 2017 Options Exchange Marketshare via OCC ****SD: In case you missed the OCC’s release yesterday about July cleared volume, you can find that here. ++++++ The Concept of Basis – Gregg Doud Education.MarketsWiki.com “The beauty of this industry is, I don’t care how much artificial intelligence or how many algorithms you use, you’re still going to have to have somebody that understands where stuff is supplied, where it comes from and where it goes and the trade flows associated with it.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Gregg Doud,…

A MIAX Equities Exchange and the CFTC Connection: A Few More Words on LedgerX Blog,Feature

In case you missed the big news Monday, the CFTC approved LedgerX as a derivatives clearing organization.  Miami International Holdings, or MIH (parent company of MIAX), a partner and investor in the crypto exchange, put out its press release regarding the approval Wednesday night. The key takeaway from the release is a pretty big “Whoa!” stemming from this one-off line regarding MIH’s licensing agreement with LedgerX: “MIH secured similar rights for securities to be listed on its MIAX Equities Exchange, once launched.” An equities exchange? There is not much information out there regarding this proposed endeavor. All the web yields…

Tales from the Crypt: What do Augur, Golem and Gnosis have in common? Blog,Options

They’re all cryptocurrencies. Though, if you thought, “They’re all words that could appear in  folklore” you’d also be correct. In light of LedgerX getting approval from the CFTC to clear options on cryptocurrencies Monday, I thought it prudent to give you a snippet of the larger picture. (More stories regarding LedgerX follow.) Interest and excitement in the space has accelerated rapidly in 2017 due to a number of developments: bitcoin’s eye popping price action/volatility (~$910 at the start of the year to ~$2570 now), the far-ranging potential applications of distributed ledger technology (in finance and elsewhere), the more flexible scripting…