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Tag Archives: LME

The OCC Capital Plan; LME’s Copper Dominance Tested; VIX Surge JLN Options Newsletter,Newsletter,Options

Observations & Insight Tuesday’s Tidbits Spencer Doar – JLN Yes, the VIX has been on the rise, but VIX activity pales in comparison to that of Cboe’s Brazilian volatility gauge (VXEWZ), which is the VIX methodology applied to the iShares MSCI Brazil Index Fund (EWZ) instead of the S&P 500. It averages much higher readings than the VIX, spending most of 2017 between the high 20s and mid 30s. In light of the results of Brazil’s general election – in which Jair Bolsonaro dominated 12 opponents (46 percent of the vote compared to the 29 percent of his closest opponent)…

Exchanges on offensive in market data cost dispute; Bitcoin turns boring John Lothian Newsletter,Newsletter

First Read POV: Are Publicly Traded Exchanges Sticking It To You? Jim Kharouf – JLN There is a recurring criticism of publicly traded exchanges – that they are not serving the needs of their customers, all to satisfy shareholders. Such was the essence of the argument by James Andrus, an investment manager from CalPERS, the California pension and investment giant. On a panel at the World Federation of Exchanges annual meeting last week in Athens, he said stock exchanges are bending to the desires of listed companies on their exchanges on proxy voting rule changes and other policy changes at…

Widespread Fraud in ICOs and Penny Stocks Shocked SEC’s Jay Clayton John Lothian Newsletter,Newsletter

fraud

First Read Hits & Takes JLN Staff Thank you to all who donated to the Gofundme campaigns mentioned in the newsletter yesterday. I could not be more proud of you all for your outpouring of support and generous response. The goal for Anthony Di Benedetto has nearly been reached and the goal for the Burns family has been exceeded even more.~JJL As heart-pulling as the stories in JLN were, yesterday was a somber day for me as I attended a wake for a childhood friend who made the ultimate decision. His brother asked all of us in attendance to reach…

Big bank tech arms race; South Korea Detains Crypto Execs; Rival Fidessa acquisition bidders ION and SS&C John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Euronext celebrated the 40th anniversary of its options exchange in Amsterdam yesterday. In conjunction, they also celebrated Drumming Day, a centuries old tradition commemorating the bravery of an orphaned boy who saved Amsterdam’s stock exchange from the Spanish during the Eighty Years’ War.~JJL It’s not surprising that once volatility returns, the media starts to cover options markets more. As such, yesterday’s JLN Options newsletter was chock full of content, including background on the Greek general Thucydides, an IP spat, convexity, unprepared traders and a dig at David Einhorn’s confusion over why his fund…

Staying the (New) Course – Matt Chamberlain, LME Feature,Mwiki,Video,video

London Metal Exchange CEO Matt Chamberlain welcomed a baby into his household in the days before LME Week – one of the bourse’s busiest times of year – but that was far from the only thing keeping the exchange leader occupied in 2017. In this video from JLN’s annual series with industry leaders, Chamberlain talks about the LME’s efforts in 2017 to engage with market participants and investors regarding the most appropriate path forward (an unusual, almost philosophical chance to ponder best practices), the iterative process of adding new technological features, and initiatives planned for 2018, including the exchange’s plan…

Brexit, Bitcoin and Benchmarks – Garry Jones Commentary,Feature,Mwiki,Video,video

Former Liffe and LME CEO Garry Jones kicks off JLN’s annual series of interviews with industry leaders at FIA Boca. In this year’s series of some 20 videos, executives from exchanges, fintech companies and service providers give their outlook on the coming year and state of the industry.  Jones, no longer under his LME non-compete, talks about the challenge of Brexit, the hurdles facing cryptocurrency trading in Europe and the potential effects of new Chinese product launches on global benchmarks.  Produced by Mike Forrester Interview by John Lothian

Traders snap up $80 Brent calls; EM volatility; Quad witching Newsletter,Options

Observations & Insight Carolyn Leonard – Women In Finance JohnLothianNews.com ” I had brokers with very large decks telling me to my face that they’ve never traded with a woman, they weren’t going to trade with me and that I shouldn’t take it personally… A lot of those same guys became awesome friends, but we had a real rocky start.” In this profile video from John Lothian News, Carolyn Leonard recalls her journey through the volatile world of trading at the Chicago Board Options Exchange beginning in the late ’70s. Leonard started trading after a divorce, with two young children…

Young CEO Reshapes 140-Year-Old Metals Exchange; ICE Completes Trayport Deal w/ TMX; America’s Inequality Is Sending the Dow Soaring John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Georgetown McDonough School of Business offers a new fintech class. John Jacobs, executive director of the school’s Center for Financial Markets and Policy, will teach the course along with Perianne Boring, founder and president of the Chamber of Digital Commerce.~JJL The 2018 World Inequality Report is out. Spoiler alert – income inequality is increasing in “nearly all world regions in recent decades, but at different speeds.” Lots of graphics to parse through. The charts comparing Western Europe’s top 1% vs the U.S.’s top 1% on page 8 are pretty stunning.~SD CME Group has…

HKEx’s chief defends LME deal; Exchange CEO search; Susquehanna entering sports betting John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Happy Halloween! Our second compilation video from FIA Expo is out and can be seen below. It is the companion piece to yesterday’s MiFID II video. ~SD DePaul is holding their fourth annual Cyber-Risk Conference on 11/28 at the Chicago Loop campus from 8:30 AM to 4 PM.~JJL Former CBOT and MidAm member Darren S. Bohm passed away. I knew him from my days of trading on the MidAmerica Commodity Exchange. He most recently was with Tradelink, according to his LinkedIn page.~JJL Want to hear something scary? Physical gold investors in Canada…