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The Spread – Week of 4/16 to 4/20 Video,video

The options industry just got a new jewel – MIAX announced it would launch MIAX Emerald last week. For more on that and other stories from last week, check out this new edition of The Spread. Below are stories referenced in this week’s episode:  CityLab – Study: People Take More Risks at Lofty Building Heights MIAX – Miami International Holdings to Launch  New Options Exchange, MIAX Emerald Bloomberg – VIX Rigging Talk Erupts on Wall Street After Another Wild Swing Reuters – Manipulation of Europe’s stocks volatility gauge ‘very unlikely’ OIC – OIC Homepage Produced by Mike Forrester

VIX settlement surge; Reinventing equity collars; Melt-up elation for volatility gauges Newsletter,Options

Observations & Insight The Week Thus Far – In Case You Missed It Spencer Doar – JLN MIAX plans to launch its third exchange, MIAX Emerald, in Q1 2019. Cboe announced it would begin disseminating a one year VIX calculation (VIX1Y) and that it is “exploring the development of a futures contract” on that index. Speaking of the VIX, it took a stroll south of 15 yesterday. Then this morning – settlement time – it went on a 30 minute run from 15ish to 17, again bringing up talk of manipulation. See the lead Financial Times story below about that…

MIAX Announces New Exchange; Cboe’s New 1-yr VIX; Strong options volume Newsletter,Options

Observations & Insight MIAX Sees Green Spencer Doar – JLN The Spread episode linked to below is already missing big news! The 15 exchange-strong U.S. equity options market is getting another younger sibling from the same group – MIAX – that brought the market its 15th exchange. Named Emerald (see what they’re doing here?), the exchange is scheduled to open in Q1 2019 and will “fill a market structure niche not currently offered by the MIAX Exchange Group.” This is yet another step in MIAX’s ever-increasing presence in the options space. According to the monthly Options Liquidity Matrix (link in…

The Spread – Week of 4/9 to 4/13 and 4/16 Video,video

Don’t be confused! The plaintiff in the Cboe VIX manipulation suit is named Spencer, but has nothing to do with the host of “The Spread.” That, and more, gets cleared up in this week’s options news recap.  The following are stories referenced this week:  Crain’s Chicago Business – How the wrong bet on market volatility annihilated this mutual fund Class Action Complaint, Northern District of Illinois – Bueno vs. Cboe Financial Times – How a volatility virus infected Wall Street PRNewswire – MIAX Options and T3 Index to Launch SPIKES Volatility Index; Proprietary Products to Follow on MIAX Exchanges Business Insider –…

OCC Re-Elects Craig Donohue as Executive Chairman Newsletter,Options

Observations & Insight The Future of Exchanges Will Feature More Collaboration, WFE Report Says Jim Kharouf – JLN Exchanges will have to spend more, share more and collaborate more in the coming years, according to a published report from the World Federation of Exchanges (WFE) and Oliver Wyman. The report, issued on Thursday at the 35th IOMA: The WFE’s Clearing & Derivatives Conference in Chicago focused on the recent trends for the exchange, CCP and market infrastructure providers since the 2008 financial crisis. /jlne.ws/2HwdDlQ ++++++ Editor’s Notes Our next episode of The Spread will be posted Monday. According to FIA…

The Spread – Week of 4/2 to 4/6 Video,video

Lawsuits and volatility and a birthday – oh my! As the VIX ebbs and flows in a year proving quite different from the previous one, JLN presents another episode of The Spread, our weekly options-related news recap. The following are stories referenced in this week’s episode: -Press Release – Federman & Sherwood Announces Filing of Securities Class Action Lawsuit on Behalf of Investors in Credit Suisse VelocityShares Inverse VIX Short Term Exchange Traded Notes -Press Release – Robbins Geller Rudman & Dowd LLP Files VIX “Fear Gauge” Manipulation Class Action Suit against the VIX Exchange CBOE -Bloomberg – Nasdaq Options…

MIAX Challenges Nasdaq Options Patents; Crisis hedge funds’ lackluster performance Newsletter,Options

Observations & Insight With trade war, U.S. and China stumble into the Thucydides Trap John Kemp – Reuters The United States and China have fired the opening shots in a trade war that may be hard to stop. /jlne.ws/2GxA4tV ****SD: Regardless of the situation, whenever I see Thucydides mentioned I have to reread the Financial Times Alphaville article For the love of Zeus, stop misusing Thucydides from last summer for context. It’s well worth the more in depth history lesson/tuneup. Surprisingly, three of the four Trump officials referenced in the piece who are known for their Thucydides fandom are actually…

Bidding war erupts over Fidessa acquisition; Spotify debut; China retaliates John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Yesterday I |announced some promotions for John Lothian News staff members. Managing Editor Sarah Rudolph added the title head of editorial operations, and Spencer Doar was promoted to editor from associate editor. Jeff Bergstrom was given responsibility for cryptomarkets news, Mike Forrester was promoted to producer from video editor, and Jim Kharouf was named contributing global markets editor.~JJL While updating the titles for these JLN team members, we did a major overhaul of the MarketsWiki page for John J. Lothian & Company, Inc.~JJL Institutional Investor has published its annual Trading Tech 40 list…

LJM Fund Closes Due to Vol Bet; Markets’ Derivatives Knowledge; ‘The Tail Grabbed the Dog’ Newsletter,Options

Observations & Insight The Spread – Week of 2/5 – 2/9 JohnLothianNews.com This is a bit of an early edition of our weekly options news recap as snow has blanketed Chicago and will continue to fall for the next few days. As another result of being Chicago-based, there is a built in affinity for the Bulls and the Bears. Well, bears are having more fun at the expense of bulls as a crazy trading week altered recent market norms. (This sports metaphor falls apart pretty quickly…) Watch the video and read the stories referenced here » ++++++ February Options Volumes…