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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…

John Lothian Newsletter: SEC to propose money-fund reform next week; LME traders back HKEx’s Asia-centric plans; The SEC’s Play-by-Play of Nasdaq’s Facebook Disaster John Lothian Newsletter,Newsletter

The SEC intends to announce its first ideas for reform in the money market sector next week. Even as the focus for the London Metal Exchange shifts toward Asia and its new parent, traders there are supportive of the new direction. The SEC’s anticipated fine and decision arrives for Nasdaq’s substandard handling of last year’s Facebook IPO.

JLN Options: Bets on More Volatility Ease As Summer Nears Newsletter,Options

Commentary & Insight Stephanie Hammer Speaks About the New Mindset for Financial TechnologyMarketsWiki.tv Stephanie Hammer talks about some of the key themes and takeaways in putting together her new book, “Architects of Electronic Trading: Technology Leaders Who Are Shaping Today’s Financial Markets.” In it, Hammer interviews 15 financial industry professionals across the spectrum of the trading space in a Q&A format, exploring topics such as transformational technology, affordable desktop supercomputing, cloud computing and microwave data technology. She also discusses how technology is being implemented at top trading firms today, along with how technologists are being integrated into the trading and…

John Lothian Newsletter: Regulators Tighten Rules On Trading of Derivatives; Nasdaq halts trading in some options contracts due system issues; Regulators Target Exchanges As They Ready Record Fine John Lothian Newsletter,Newsletter

The CFTC votes 4-1 on a package of new rules that nobody likes very much, including the CFTC. Nasdaq posts the latest trading halt caused by a system fault. Regulators prepare to issue a big fine to an exchange, and are considering increasing their regulatory presence there in the future.

JLN Options: Nasdaq’s PHLX Options Market Has ‘Issues,’ Halts Some Trading Newsletter,Options

Lead Stories Nasdaq’s PHLX Options Market Has ‘Issues,’ Halts Some TradingJacob Bunge, NASDAQNasdaq OMX Group Inc. ( NDAQ ) on Thursday halted trading in some stock-options contracts on its largest options exchange due to “system issues,” according to notices sent to traders.http://jlne.ws/12ykG3b NYSE Looks to Cull List of Penny NamesPeter Chapman, Traders MagazineIn a move intended to reduce quote traffic and the exchange operator’s administrative burden, NYSE Euronext is proposing to cut significantly the number of options subject to penny trading and to end the so-called “Penny Pilot” program.http://jlne.ws/12ylOUm 5 Theories Behind the VIX Stagnation  Adam Warner, Schaeffer’s Investment ResearchThe market…

JLN Options: BOX ‘JUMBO’ SPY OPTIONS WIN SEC APPROVAL Newsletter,Options

Lead Stories BOX Offers Jumbo SPY(Press release via email)The BOX Options Exchange announced today it received SEC approval to offer Jumbo SPY to its customers. SPDR S&P 500 ETF (SPY) is currently the most widely recognized ETF in the U.S. and tracks one of the most popular indexes in the world, the S&P 500 Index. Jumbo SPY Options are a new options contract overlying 1,000 SPY ETF shares per contract, as compared to 100 shares per contract for standard options. BOX expects to start trading Jumbo SPY on Friday, May 10. The approval order can be found at  http://www.sec.gov/rules/sro/box/2013/34-69511.pdf US…

JLN Options: CBOE Working to Resolve Incorrectly Sent Trades – Exchange Newsletter,Options

Lead Stories CBOE Working to Resolve Incorrectly Sent Trades – Exchange Jacob Bunge, The Wall Street JournalThe Chicago Board Options Exchange said “numerous” trades from Thursday appeared in its system after Friday’s market close, potentially leaving customers with incorrect positions.http://jlne.ws/ZLV5EM About that Friday Turnaround in the Price of GoldBrendan Conway, Barron’sGold’s price is rising Monday and has reached as high as $1,478, a peak since April 12.Friday, the metal’s price took a turn lower for no obvious fundamental reason. Here’s more color on the midsession turnabout from Susquehanna Financial Group – specifically on the alleged role of options-market activity:http://jlne.ws/Zgs4N3 Twitter…

JLN Options: Volatility’s Biggest Week of 2013 Was Not Very Big Newsletter,Options

Lead Stories Volatility’s Biggest Week of 2013 Was Not Very BigBrendan Conway, Barron’sThe “fear gauge” climbed 24% last week, the most in nearly four months. But these days it takes more than a commodity selloff and weak data in China to get investors genuinely worried.http://jlne.ws/109CywD VIX Has Biggest Weekly Increase of 2013 as Stocks DropNikolaj Gammeltoft and Cecile Vannucci, BloombergBusinessweekU.S. equity volatility rose the most in almost four months last week after unexpectedly slow growth in China and a selloff in commodities triggered the biggest stock-market drop since November.http://jlne.ws/109Auoh Bloomberg lawsuit will not stem swap futuresThe TradeBloomberg’s legal action against…

JLN Options: Gold VIX: Bugs Turn Fearful Newsletter,Options

Lead Stories Gold VIX: Bugs Turn FearfulSteven Russolillo, The Wall Street JournalGold’s fear gauge is getting panicky.The CBOE Gold VIX is up 57% on Monday. It is on pace to blow past Friday’s 39% surge, which at the time was the biggest-ever increase in percentage terms, according to the exchange.http://jlne.ws/YXzqs2 FOCUS: Speculators Hike Appetite For Gold In Latest CFTC Report — Just Ahead Of Price BreakKitco News (via Forbes)Speculators raised their appetite for gold, increasing their exposure to U.S. futures and options contracts traded on the Comex division of the New York Mercantile Exchange and on the Nymex, according to…