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Tag Archives: MIAX

Equity volatility schemes seen widely used; Volatility risk endures; Laszlo Birinyi’s calls Newsletter,Options

Observations & Insight Crypto Developments of the Week – There Were a Lot Spencer Doar – JLN The news just won’t stop in the crypto space and with the big exchanges making moves, new platforms seemingly launched every day, ETFs trying to get off the ground and regulatory concerns, it is worth reviewing some of the week’s news. Most of the developments were setbacks. Reuters has an expose out today about how chaos and hackers stalk investors on cryptocurrency exchanges. Plus, there are ongoing concerns about about transaction and transfer costs in bitcoin as Bloomberg laid out in today’s Paying…

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…

The Patent World Blog,Feature,Investing & Trading

We’re back in court today. On Friday, Nasdaq filed suit against Miami International Holdings, the parent company of MIAX, the youngest of the U.S. options exchange groups. Nasdaq announced it had filed suit for patent infringement and theft of secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. According to Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at Nasdaq.” Nasdaq is asking the court to force MIAX to stop…

Nasdaq Sues Rival Exchange, Alleging Stolen Tech Secrets; New Worry in ‘Repo’ John Lothian Newsletter,Newsletter

First Read The Patent World By Jim Kharouf We’re back in court today. Nasdaq has filed suit against Miami International, the parent company of MIAX, the youngest of the US options exchange groups. On Friday, Nasdaq announced it had filed suit for patent infringement and stealing Nasdaq secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. In Friday’s top story from Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at…

These Intraday Stock Rotations Keep Crushing Volatility; JPMorgan quant drops the whole market with report comparing to 1987; Libor, Phone-Smashing and Hacking Newsletter,Options

Observations & Insight Financial Markets Leaders Remember the late Magnus Bocker John Lothian – JLN I asked several leaders around the exchange world to offer remembrances of Magnus Bocker, the late former CEO of SGX. To start, I shall offer my own and add additional remembrances as they come in. I first met Magnus Bocker at a Deutsche Bank investment banking financial technology conference in New York where I had been asked to moderate an exchange leader panel. Magnus was then president of Nasdaq OMX. Also on the panel was Larry Leibowitz representing NYSE Euronext. Magnus was always gracious with…

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…

LedgerX gets approval for options clearing; Barclays unwinds remaining oil positions, boosting options volumes; Investor Makes Mammoth VIX Bet That Could Pay Out $265 Million Newsletter,Options

Observations & Insight Tales from the Crypt: What do Augur, Golem and Gnosis have in common? Spencer Doar – JLN 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…

The VIX just hit its lowest level in 24 years; Q&A with John Davidson, OCC President and Chief Operating Officer; Twice burned, funds wait for clear sign of oil rebalancing Newsletter,Options

Observations & Insight Hits & Takes By JLN Staff Yesterday was a success for the MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech in Chicago. We had six strong speakers who were appreciated by the audience of industry interns. Rick Cooper, a professor at IIT’s Stuart School of Business, talked about the importance of the markets for funding companies and ensuring fair prices, and how participants help the economy in general by driving out market inefficiencies. Tom Sexton, NFA CEO, said that without regulation from bodies such as his (and FINRA, and the CFTC,…