Breaking News

Tag Archives: Nadex

Sectors Go Wild: S&P 500 Correlations Crumble; Clearinghouses Park Billions in New Fed Accounts; Yuan Options Most Bearish Since June as Traders See Sharper Drop Newsletter,Options

Observations & Insight Holiday Publishing Note Due to Thanksgiving, we will not be publishing this newsletter on Thursday or Friday. We will be back on Monday, albeit a few pounds heavier. A quick “Did you know?” about the holiday: Everybody has heard the old refrain that eating turkey makes people tired because of the amino acid tryptophan. However, turkey has pretty much the same amount of tryptophan as other meats and research shows that turkey doesn’t have any significant effect on drowsiness. In fact, simple overeating is the most common cause of post-meal lethargy. Tired or not, enjoy your Thanksgiving,…

Tim McDermott, CEO, NADEX – You Can’t Google Map Your Career Video

“You will find that your career will be all about change.” Tim McDermott, CEO of NADEX, gives an illustration of the winding road he followed throughout his career. Beginning with his time as a lawyer working for a law firm, McDermott began to take on numerous cases for First Options of Chicago, a large client for his law firm. Participating in cases involving financial markets litigation gave McDermott an introduction to the financial industry, which eventually led him to work at the CME and handle the market regulation area. Moving forward a few years, McDermott joined NADEX and eventually became…

Now is the time to give Nadex a try Commentary

John Lothian

It is time to give Nadex a good look.  The North American Derivatives Exchange is growing and is postured for a great step forward with business introduced by brokerage firms rather than customers just coming directly to the exchange. While the demise of MF Global and PFGBest have aided Nadex’s no-leverage offering, it was their corporate parent’s pick up of key assets from the bones of PFGBest that have set the stage for their next growth phase. Nadex’s owner IG Group bought the PFG back office software, the Best Direct front end and some risk management middleware and packaged them all…

JLN Options: Stock-Market Volatility Bets at Record Amid Fed Concern: Options Newsletter,Options

Commentary & Insight Justin Llewellyn-Jones of Fidessa Talks ISVs, Regulation & TechnologyMarketsWiki.tv Justin Llewellyn-Jones, chief operating officer of Fidessa, thinks globally and well, acts globally too. Llewellyn-Jones spoke with JLN editor-in-chief Jim Kharouf about how Fidessa is adapting to the new global marketplace and the demand for multi-asset class platforms and networks. Watch the video » Lead Stories Stock-Market Volatility Bets at Record Amid Fed Concern: OptionsCecile Vannucci & Nikolaj Gammeltoft, BloombergWidening swings in U.S. shares have prompted options (VXX) traders to make unprecedented bets on equity volatility, pushing bullish and bearish contracts to records amid concern the Federal Reserve…

JLN Options: SEC fines optionsXpress, individuals $4.8 mln for naked short sales Newsletter,Options

Lead Stories SEC fines optionsXpress, individuals $4.8 mln for naked short salesThomson ReutersA Securities and Exchange Commission judge has ordered optionsXpress, its former chief financial officer and a customer to pay a total of $4.8 million in fines and to return $4.2 million for illegally selling shares they did not hold.http://jlne.ws/11rotLT ICE chief ready to cede NYSE market share in bid to end rebatesJohn McCrank, ReutersThe New York Stock Exchange may cede some of its share in U.S. stocks in an effort to end large trading incentives after NYSE Euronext’s (NYX.N) $8.2 billion sale to IntercontinentalExchange (ICE.N) goes through, ICE’s…

JLN Options: Approval Pending, Miami Exchange Plans Its Launch Newsletter,Options

Lead Stories Approval Pending, Miami Exchange Plans Its LaunchJacob Bunge, The Wall Street JournalThe Miami Options Exchange plans to open for business Dec. 7, though the market has yet to be granted formal approval by U.S. regulators.The planned stock-options exchange, which aims to become the 11th U.S. options market, told banks and financial firms of the expected launch in a notice that outlined the final tests of its new trading system.http://jlne.ws/QM0Y1N Only The VIX Gets The Fiscal CliffJoe Weisenthal, Business InsiderIf you watch coverage of the Fiscal Cliff, you might think that on January 1, the economy is going to…

John Lothian Newsletter: SEC Regulators Turn To High-Speed Trading Firm; Fund Managers Struggle As Investors Turn Passive; Record Crash Prompts Indian Exchanges To Seek New Limits John Lothian Newsletter,Newsletter

The SEC, looking for ways to better monitor and regulate high-frequency trading firms, turns to a high-frequency trading firm for help. Active fund managers, struggling with dishwater returns and an unpalatable fee structure, are having trouble re-engaging with investors who have become enamored with more passive investment choices. The NSE and others in India are calling for new and better trading limits in the wake of last week’s Indian Flash Crash.  In First Read today, take a look at the MarketsWiki.tv interview with John Savercool of UBS, who talks politics and finance with JLN’s Jim Kharouf. Also, if you didn’t…

John Lothian Newsletter: CME Europe Plans to Add Currency Options at London Venue; Asia calls for harmony on Dodd-Frank rules; NYSE and CME plan futures ‘kill switches’ John Lothian Newsletter,Newsletter

CME Group continues to issue new information about its planned London exchange; the exchange will trade currency options along with its previously-announced futures contracts.  Asia joins Europe in putting pressure on the U.S. to work internationally for regulatory harmony, rather than attempting to outright impose its homegrown regulatory structure on other countries.  ICAP’s Traiana announces a service to filter out-of-limit transaction parameters and implement a market kill switch, and both NYSE and CME sign on to the idea in hopes of restoring badly damaged investor confidence.

Five Minutes with Dan Cook Interview,Metals,Regulation

NADEX

In June of 2011, Dan Cook was appointed director of business development for Nadex, a Commodity Futures Trading Commission (CFTC)-regulated, online futures exchange that is geared toward retail investors. Before taking his current position, he was chief executive officer of IG Markets, Inc. He spoke recently with JLN editor, Alan DiNovo, about how new Dodd-Frank regulations concerning the precious metal spot markets will impact retail investors. Q: You recently became director of business development for Nadex. How has the transition been? A: The transition has been a really good experience. Having been the CEO of IG Markets, Inc. which offered…