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Tag Archives: NYSE

BOXing: Let the Bodies Hit the (Options) Floor Feature,Options

Golly, there’s been a ton of action in options markets lately. First, the surge of crypto news. Last week, MIAX’s investment in LedgerX received airtime as LedgerX was approved as a derivatives clearing organization (DCO), paving the way for bitcoin options. Then CBOE got into the fray with its announcement yesterday that it has partnered with Gemini, the cryptocurrency endeavor backed by the Winklevoss twins, to use its market data to create bitcoin futures. (I expressed my skepticism of the timeline laid out by CBOE yesterday, as they mentioned a possible Q4 launch or early 2018. I am dubious of…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; NYSE on Track to Lose More ETF Listings; Big asset managers struggle to meet Mifid II deadline John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff BOX gets SEC approval for a trading floor, the CBOE picks the Winklevoss twins for bitcoin futures and earnings news from ICE and LSEG is among today’s top headlines. ICE and LSEG came out with earnings today. Check it out in Exchange News. ~JJL I like context. Morgan Housel has a blog – An Honest Business News Update – with a lovely reminder humanity is more than the sum of what gets the publicity. ~SD We have added a Hello Bar to the bottom of the MarketsWiki Education website] and to the…

Everyone Can’t Be the Best – Duncan Niederauer Feature,MarketsWiki Education,MWEd,Video,video

“If you had to name one thing that is most highly correlated with successful people, what would it be? Frankly, a few years ago, I didn’t have a great answer for it. So, the more I thought about it, I came to the conclusion that self-awareness is probably the most important thing.” In this video from MarketsWiki Education’s World of Opportunity event in New York, former NYSE Euronext CEO Duncan Niederauer discussed the importance of being self-aware, how to determine if you’re moving in the right direction, why it matters and how you’ll know if you are following the “script”….

Clearing Firms Simulate Lehman-Like Default During Brexit Chaos; Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal; NYSE Revamp Steps Up Threat to Speed-Fighting IEX Exchange John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have a couple of changes to our MarketsWiki Education World of Opportunity series in New York due to some last minute scheduling conflicts. Jennifer Nayar will be replaced by Brian Cassin, head of product and strategy for North America for Vela Technologies. Also, Louis Modano will be replacing Michael O’Rourke of Nasdaq. Modano is chief information security officer at Nasdaq. Last, Anna Irrera, a fintech correspondent of Reuters will represent Thomson Reuters at the event on Wednesday. We have closed registration for the Friday event at Trading Technologies next week…

OCC Cleared Contract Volume Up 19 Percent in May; VIX Index Closes Below 10 Again, as Professor Called VIX Level the Biggest Financial Mystery; Citadel Securities Hires Barclays’s Electronic Equities Chief Newsletter,Options

Observations & Insight May 2017 Options Exchange Marketshare via OCC Two notable changes: -NYSE down from 17.04% total options marketshare in May 2016 to 12.6% in May 2017. -CBOE up from 36.58% total options marketshare in May 2016 to 44.13% in May 2017 (vast majority of that growth in C2 and CBOE). ++++++ Meet My Connection: BSO Finding Ways To Connect Traders To Emerging Markets Jim Kharouf – JLN Archimedes is credited with saying, “The shortest distance between two points is a straight line,” but that’s not always the fastest. Michael Ourabah says the fastest route to and from emerging…

Iraq may consider hedging crude production; Complexity In Funds Will Cost You; Volatility Is Low-But Not As Low As You Think Newsletter,Options

Observations & Insight CME Group’s WTI Weeklys On a Roll Spencer Doar – JLN Over the past few years, weekly options have become a prominent portion of CME Group’s activities in financial asset classes. Jeff White, executive director energy products and services at CME, said the weeklys trend is catching hold in commodity assets. WTI weeklys have been a particular bright spot and last week’s OPEC meeting helped the exchange set a couple of records: 1) single day volume record of 12,129 weeklys and 2) single day open interest record of 17,106 Image courtesy CME Group White pointed to some…

A Step Backward in Financial Regulation; ‘Spotify Rule’ Would Help New York Stock Exchange Woo Unicorns; Bank of Canada says it won’t use blockchain for interbank payment system John Lothian Newsletter,Newsletter

First Read Time to Close the Asset Class Ban Loophole; Corzine and his ilk Should be Banned Across All Asset Classes By John J. Lothian With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is time to clean up the regulatory loophole…

The CAT Scratches: Fees for Options Exchanges Blog,Options

I saw a MIAX press release about Consolidated Audit Trail (CAT) fee disputes and it got me thinking why there would be reason for dispute. Please note, I don’t know if the following is on any exchange’s collective mind, but it seems like point of contention. I’ll set the table with this stat from a Reuters story earlier this month – “Options execution venues with more than 1 percent of industry volume will pay $57,615 per quarter and those with less than 1 percent will pay $39,612 per quarter.” “Per venue” means per medallion/exchange. That means that MIAX would pay…

In Tumult of Trump, Jon Corzine Seeks a Wall Street Comeback; NYSE blasts Bats plan to compete for end-of-day NYSE stock orders; SEC urged to regulate blockchain John Lothian Newsletter,Newsletter

First Read Futures industry walks to work to support Futures for Kids charity Industry executives from Washington and Chicago also join their London counterparts London Today is the Futures for Kids (FFK) 6th Annual “Walk to Work” , which will see some 70 futures industry executives trek around London before heading to the Finish Line at the Anchor Bankside pub on the South Bank. Many will be travelling the full distance of over 35 miles starting at 8 AM in the morning while others will be taking an afternoon stroll from one of four starting points at Greenwich Park, Clapham…