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Tag Archives: Mario Draghi

Suspect trading in Equifax options; Risks From ‘Shadow Insurance’ Business; $1 Silver Options Bet Newsletter,Options

Observations & Insight House passes hurricane aid, debt ceiling extension, government funding Christina Wilkie – CNBC The House of Representatives on Friday overwhelmingly backed the Senate’s version of a bill raising the nation’s borrowing limit for three months, funding the government and providing $15.3 billion in aid for victims of Hurricane Harvey. jlne.ws/2weDgQP ****SD: It’s not your imagination — there are more curveballs thrown of late. See the Sports Illustrated cover story from May – Forget velocity, the curveball’s resurgence is changing modern pitching. ++++++ TradeStation Expands “TradeStation Salutes” Program to Include First Responders Program Now Offers Commission-Free Trading for…

Options Market Says Buy the Dip; Issues With Volatility Short-Selling Guru Newsletter,Options

Lead Stories Options Market to Investors: Buy the Dip; Options traders aren’t pricing in a correction during September and October, even as worries abound. Steve Sears – Barron’s The options market is sending a message to stock investors: Keep calm and buy the dip. Despite the recent turbulence in the market, Standard & Poor’s 500 index options, which are used to hedge stock portfolios, are priced as if investors have little to worry about over the next two months. This stands in sharp contrast to the recent eruption of market commentary that warns stocks could severely tumble for any number…

CBOE purchase of Bats reflects aim to tap options trading for ETFs; US Options Volume Surges Nearly 25% in November, Reaching Second Highest Monthly Volume in 2016; Wall Street’s ‘fear gauge’ implies that few are prepped for a stock-market shock Newsletter,Options

Lead Stories CBOE purchase of Bats reflects aim to tap options trading for ETFs Philip Stafford – Financial Times CBOE Holdings’ planned $3.2bn purchase of Bats Global Markets reflects a crucial step in tapping the next major area of growth across exchange traded products. The booming sector is set to expand further with the use of options. In an interview with the Financial Times, Ed Tilly, chief executive of CBOE, laid out a comprehensive case for why the new entity is best placed to take advantage of rapidly shifting demand from investors for structured products. Mr Tilly, who will head…

John Lothian Newsletter: Mario Draghi Is About to Become the World’s Market Risk Manager; Wall Street Goes Short on Bond Traders; CME Group metals director Harriet Hunnable to leave company John Lothian Newsletter,Newsletter

First Read Goldman Sachs files patent for virtual settlement currency Jennifer Hughes in Hong Kong – FT Goldman Sachs has made a patent application for a cryptocurrency settlement system in a move that underlines bank hopes that the architecture behind bitcoin can revolutionise global payments. jlne.ws/1jAqRQM ***** Move first, patent the technology, defend it to the ends of the earth, make the other guys innovate around you. ++++ Why Tech is Better Than Barclays By Edward Evans – Bloomberg Jes Staley, the new CEO of Barclays, isn’t wasting time. Less than a week into the job, he reportedly approached former…

JLN Financials: Smaller Firms Taking Corporate Bond Dealing Share From Top Banks; Kuroda Assures Businesses BOJ Will Act if Needed; Spanish warn independent Scotland would get euro not pound Financials,Newsletter

First Impressions Jamie Farmer, Managing Director, S&P Dow Jones Indices – Indexing 101 JohnLothianNews.com “This is a big industry…but it’s very tight, very interconnected, very close. It’s unbelievable how many people you come in contact with again.” Jamie Farmer, managing director of S&P Dow Jones Indices, gives a rundown on indices, beginning with the history of indexing and the creation of the Dow Jones industrial average. According to Farmer, the original purpose of indexing was for editorial value. Eventually, it expanded and evolved into what we know as the Dow Jones S&P Indices. Farmer also covers trends along with the…

JLN Financials: Central bankers’ diverging paths could create damaging disharmony; Venezuela central bank denies transactions with Wall Street Financials,Newsletter

First Impressions Anybody out there? Jon Matte “Hey Jon, what with the Friday after Thanksgiving being a super busy and important financial day, you can take the editor’s seat. We need somebody like you. Thanks, buddy.” No, it’s ok, I offered. Here in Norway, the day after Thanksgiving is known as “Friday” (ok, “fredag”, to be precise), and Thanksgiving Day itself is slyly referred to as “Thursday” (“torsdag”), because nobody’s ever heard of it. So it’s just a work day for me. Even so, I find myself at a loss for a heavy financial topic to write about, so I…

JLN Financials: Italy’s Government Looks to Tap Pensions Funds; VXST Short-term Volatility Index Fell 47%; ICAP Names Laurent Paulhac CEO of ICAP SEF Financials,Newsletter

First Impressions Battle Royale Between SEFs and Exchanges By Doug Ashburn In this morning’s John Lothian Newsletter, John commented upon the defection of Laurent Paulhac from his role as head of OTC products at CME Group to ICAP, where he will be CEO of the inter-dealer broker’s swap execution facility, by saying “the SEF world just got more cut-throat.” Actually, it has been cut-throat since day one. The SEFs have been fighting a war on three separate fronts. First, the regulators, beginning with Dodd-Frank and culminating with the CFTC’s final SEF rules, creates what the brokers called an unlevel playing…

Corrections Commentary,Financials

Doug Ashburn

Correction: Last week’s commentary (Parallel Worlds, JLN Forex, September 11, 2012), contained an incorrect statement. In paragraph three, the line “Ignoring a problem does not make it go away, and moving a loss or a non-performing asset from one entity’s balance sheet to another’s does not will it out of existence” should have read “Now that the Federal Reserve and ECB have committed themselves to unlimited intervention in the bond market, everything is fine and dandy. There are absolutely no risks building in the system, so investors should freely exchange their dollars for riskier assets. Party on.” JLN Forex regrets…

Parallel Worlds Commentary,Financials

Parallel Worlds

As an avid fan of the science fiction genre, I am fascinated by the idea of parallel worlds and alternate realities. Lately, however, I have begun thinking that I may be living in one. In the alternate world in which I am currently living, anything resembling good news tends to have a dampening effect on the market, and bad news is reflected positively. Terrible news often leads to downright euphoria. How bizarre. What drives markets in this parallel world, I am told, is that if the news gets bad enough, central banks will intervene and save the day. Ok, fine;…