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Tag Archives: NYSE

JLN Options: Well-timed options trades before NYSE deal raise eyebrows Newsletter,Options

Lead Stories Well-timed options trades before NYSE deal raise eyebrowsDoris Frankel, ReutersA surge in bullish options bets on NYSE Euronext shares ahead of Thursday’s announced merger has raised eyebrows among options strategists.http://jlne.ws/12tNsSJ** This always surprises me (that someone would try this if they had insider knowledge).  As soon as big news of a merger like this happens the first thing everyone does is look to see who was “lucky” enough to win big with a well-timed trade.  At the very least those people are going to get a lot of scrutiny making it difficult to get away with. Of course…

JLN Options: ICE to buy NYSE Euronext for roughly $8.2 billion Newsletter,Options

Lead Stories ICE to buy NYSE Euronext for roughly $8.2 billionBen Fox, MarketWatchIntercontinentalExchange Inc. ICE agreed to buy fellow exchange NYSE Euronext NYX in a roughly $8.2 billion cash-and-stock deal, in a merger that will vastly expand ICE’s profile.http://jlne.ws/SZ2AFZ** ICE is the relative newcomer that sprang up in 2000 and only 12 years later is taking over the world. Jeffrey Sprecher has been a force to be reckoned with ever since he knocked the socks off of everyone at FIA Boca by challenging the CME’s bid to acquire the CBOT. — SR NYSE sale to ICE and the death of…

With NYSE Deal, ICE Assumes Bulk Of Global Softs Trade Blog

Cocoa

Sometimes it’s the little things in a big deal that are interesting to note. There is much to analyze in the IntercontinentalExchange‘s $8.2 billion purchase of NYSE Euronext – from OTC interest rates and credit default swaps to securities to futures. But with its acquisition of the New York Board of Trade (NYBOT) in 2007, ICE is now dominant in the global trading of soft commodities, as it acquired the lion’s share of the world’s sugar, coffee and cocoa derivatives trade. While the likely increase in contract volume once the deal has closed is not staggering, the geographical reach is…

JLN Options: Brokers Face Off Against Exchanges at Today’s Senate Hearing Newsletter,Options

Lead Stories Brokers Face Off Against Exchanges at Today’s Senate HearingPeter Chapman, Traders MagazineRepresentatives from two exchanges and two broker-dealers will likely air their differences today during a hearing hosted by the Senate Banking Committee.http://jlne.ws/12AhROv Derivatives traders optimistic for 2013, according to Risk.net pollRisk.netThe majority of respondents to a Risk.net poll expect to make more money from derivatives trading next year, despite the onset of new regulations in 2013 and continuing problems in the eurozone.http://jlne.ws/ZiRC15**Nice to know that “things can’t get much worse than 2012.” — SR ‘Un-Volatility’ Funds Hit Fresh Lifetime HighsBrendan Conway, Barron’sThere’s an incredibly wide array of,…

JLN Options: European Trading Volumes Rise Before Last Options Expiry Newsletter,Options

Lead Stories European Trading Volumes Rise Before Last Options ExpiryNandini Sukumar & Adria Cimino, BloombergEuropean trading volumes surged as investors prepared for the last options expiry of 2012 amid optimism that U.S. President Barack Obama and Republicans will agree on a budget.http://jlne.ws/R3wl6T**  Where did the year go? –JB Credit Suisse To Reverse-Split TVIX  Cinthia Murphy, IndexUniverseCredit Suisse, the Switzerland-based investment bank and asset manager, will serve up a 1-for-10 reverse split on the VelocityShares Daily 2x VIX Short Term ETN (NYSEArca: TVIX) on Dec. 21, after the notes lost almost all their value in the past year.http://jlne.ws/R3w9Ex NYSE executive says exchanges…

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: Fears Over Counterparty Rules Dent LSE; FSA Seeks To Mend Libor, Not End It; Asian Energy Markets Liquid Enough To Sidestep Dodd-Frank Compliant Firms John Lothian Newsletter,Newsletter

The London Stock Exchange’s value takes a hit as it announces that new European regulations will significantly impact LCH.Clearnet, the clearing company it is about to control. Also in the UK, the Financial Services Authority takes over the Libor interest rate project and seeks to clean house without completely abandoning the index. In Asia, CME Group notes that energy trading companies are liquid enough that they can avoid trading swaps with U.S. Dodd-Frank-regulated firms.

John Lothian Newsletter: SEC Looks for the ‘Kill Switches’; CME Announces Launch of Chinese Steel Rebar Swap Futures; Exchanges See No Unfairness in Data Delivery Speeds John Lothian Newsletter,Newsletter

The SEC launches a broad investigation and overhaul of order placement systems and controls, seeking new ways to control and mitigate damage from high-speed orders.  Sort of “Finding Nemo: The Financial Episode”, perhaps. CME Group announces the planned launch date for the exchange’s new Chinese steel rebar swap futures contract.  Exchanges have carefully considered the various speeds and methods available for market participants, and have concluded that it’s really ok to charge more for better access.  In today’s First Read section, be sure to check out the JLN Metals box and the interview there with Michael Turek, senior director of…

John Lothian Newsletter: Australian Exchange Chief Criticises HFT; Money-Laundering Inquiry Said To Target U.S. Banks; ASEAN Link Lures Retail Investors To Boost Trade John Lothian Newsletter,Newsletter

The leader of Australia’s ASX says high-frequency trading is inherently dangerous, and he doesn’t much fancy the exchange model of depending on its high-volume presence for survival. A money-laundering probe is taking shape in multiple agencies, targeting a number of American banks that may have allowed sloppy money controls to help criminal enterprises hide their cash. The ASEAN link between Malaysia and SGX goes live today, raising hopes of better trade in that region from the network.