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Tag Archives: MGEX

OCC plans cash management fee; Short-vol crushed in January; Selling time to traders Newsletter,Options

Observations & Insight Slippery Slope: Let’s Let Markets Decide On New Contracts Jim Kharouf – JLN Do exchanges need further regulation on the contracts they launch? That is the question the Commodity Futures Trading Commission is addressing now with the so-called self-certification process for new contracts. Exchanges have not faced this type of scrutiny over the launch of a new product in recent history until Bitcoin. Several new contract ideas have been squashed by legislation or regulation, including movie futures and onion futures way back when. But for the most part, exchanges are allowed to introduce new contracts as they…

MiFID Starts; Exchange Stats; OCC AA+/Stable Rating Reaffirmed Newsletter,Options

Observations & Insight December 2017 Options Exchange Marketshare via OCC Exchanges and Clearing CME Group Reached Record Average Daily Volume Of 16.3 Million Contracts In 2017, Up 4 Percent From 2016 CME Group 2017 Interest Rate average daily volume was a record 8.2 million contracts, up 9 percent compared with 2016 Annual average daily volume records also were reached in Energy, Agricultural Commodities, Metals, total options and electronic options / OCC AA+/Stable Rating Reaffirmed By S&P OCC CHICAGO (January 2, 2018) – OCC, the world’s largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by…

TradeStream Analytics targets Equinix in antitrust litigation; Volatility Might Be Awakening From a Coma, But It’s Still Groggy; VIX corralled again Newsletter,Options

Observations & Insight Happy Fourth of July Friendly neighborhood editor here: There will not be an edition of JLN Options on Monday, July 3 or Tuesday, July 4. We will be back in action on Wednesday. For everyone stateside, have a great holiday. And for those of you who are into all things black powder, remember, safety first.   Lead Stories TradeStream Analytics targets Equinix in antitrust litigation Maria Nikolova – FinanceFeeds Equinix is accused of violations of the Sherman act (Monopolies and Combinations in Restraint of Trade), as TradeStream says Equinix misused its alleged monopoly in low latency access…

John Lothian Newsletter: ICE kicks off Asian commodity futures hub; MGEX Completes Best Month in Exchange History; European swaps clearing dates welcomed John Lothian Newsletter,Newsletter

First Read A Reflection on a Life, Its Influences and the Trading Floor John Lothian – JLN – Published February 5, 2015 I learned recently a lifelong friend was diagnosed with pancreatic cancer. My friend and former Wisconsin neighbor is older than me. In fact, at one time he was my babysitter. As I learned yesterday the CME would shut down most of its futures trading pits, his story came rushing back to me. ***** My friend Warren “Boycie” McNeil passed away yesterday. He was so full of life while he was with us and shall never be forgotten….

John Lothian Newsletter: Ranks of commodities brokers dwindle as U.S. futures industry evolves; Wall Street’s Leap Second Concern Saw Minor Hiccups, But No Chaos; Euro’s Salvation Lies in Its Political Appeal John Lothian Newsletter,Newsletter

First Read Intercontinental Exchange Announces ICE Data Services Appointments; Lynn Martin Named President and COO, David Goone Named Chairman MarketWatch Intercontinental Exchange,the leading global network of exchanges and clearing houses, announced two appointments at ICE Data Services, Intercontinental Exchange’s global data business comprising ICE and NYSE’s exchange data, analytics and connectivity services. Lynn Martin has been named President and COO of ICE Data Services, where she will manage the global data teams and platforms including ICE and NYSE market data, SuperDerivatives, the SFTI network and colocation business. She previously served as COO of ICE Clear U.S. Martin joined NYSE Euronext…

JLN Options: MIAX Receives Approval Order from the United States Securities and Exchange Commission to Become Newest Equity Options Exchange; Trading to Commence on December 7, 2012 Newsletter,Options

Lead Stories MIAX Receives Approval Order from the United States Securities and Exchange Commission to Become Newest Equity Options Exchange; Trading to Commence on December 7, 2012Press ReleaseMIAX Options Exchange (“MIAX”) announced today that on December 3, 2012, it received an Approval Order from the United States Securities and Exchange Commission (“SEC”) of its Application for Registration as a National Securities Exchange, and thus MIAX will act as its own self-regulatory organization. [Release No. 34-68341; File No.10-207.]  Trading on MIAX, a fully electronic options trading exchange, is scheduled to commence on December 7, 2012. PowerShares Readies ‘Downside Hedged’ ETFTom Lydon,…

John Lothian Newsletter: US futures trading to rebound after OTC shift; CME Europe exchange to target Asia-Pacific market; CFTC’s Gensler says still reviewing cross-border Dodd-Frank input John Lothian Newsletter,Newsletter

US futures markets may be able to use regulatory clarity as a springboard to improved volume next year. CME Group’s plans for its new London exchange include targeting Asian traders, as its operating hours will cover Asia as well as Europe. The CFTC’s Gary Gensler says the agency is still considering comments and consulting with other regulators on how to implement Dodd-Frank rules across international borders. Inside today’s First Read, check out John Lothian’s new plan to use FIA EXPO to revitalize the global financial marketplace. Yeah, well, you’d better go read it, then.

John Lothian Newsletter: Eurex In Singapore Expansion Drive; NYSE Euronext Chief Calls On U.S. Policy Makers To Address Debt; Suits Mount In Rate Scandal John Lothian Newsletter,Newsletter

Eurex Exchange begins a membership drive in Singapore, seeking new banks and brokers there to give a boost to its clearing house. In the “Did you not hear me, or are you not listening?” department, the head of NYSE Euronext tells U.S. lawmakers that investors want to see an improvement in the country’s debt structure. Banks and companies linked to the LIBOR rate-setting scandal could be facing tens of billions of dollars worth of lawsuits and claims. In today’s First Read, Steve Meizinger has a heart; and you’ve got one more day to check out the MGEX Apple Juice Concentrate…

John Lothian Newsletter: TSE’s Osaka Deal Marred By Share Fall, Regulator Scolding; CME May Add Rates Trading In U.K. After Currencies; SEC To Review “Quiet Period” IPO Rule After Facebook Mess John Lothian Newsletter,Newsletter

Tokyo Stock Exchange’s big merger completion symphony is interrupted by vuvuzela horns from regulators and worried shareholders. CME Group’s post-FX plans for its new London exchange may include interest-rate products. The SEC considers the value of trying to restrict what companies may say while in pre-IPO mode, possibly noting that the recent Facebook offering wasn’t helped much by that quiet period.