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Tag Archives: OCC

My Journey Through the Financial Industry – Amy Shelly Feature,MarketsWiki Education,MWEd,Video,video

“Go find your friends. That’s the start of your networking skills. Learn how to go up and talk to people. Have a conversation, be interested in what they’re saying and tell them what you’re looking for and what interests you.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Amy Shelly, CFO at the OCC, talks about her winding path through the industry. Shelly spent the early part of her career in banking, spending seven years with Goldman Sachs and three with JP Morgan. Shelly moved on to work for Hull Investments as an accountant where she…

Cloudy with clearing: What the next clearing house looks like Blog,Commentary,Feature,Options

John Davidson joined OCC as president and chief operating officer in May with a firm focus on ushering in the next generation of clearing technology for the world’s largest clearing organization. Davidson is one of several recent executive team hires tasked with executing the switch from one established technology platform to something new. This is no small task for Davidson, who reports to OCC Chairman and CEO Craig Donohue and works closely with Scot Warren, OCC’s executive vice president and chief administrative officer. OCC’s ENCORE system now stands at about 20 years old, and while there have been many upgrades,…

Vela vs. Trading Technologies; Witching days not so scary; OCC to work with SEC Newsletter,Options

Lead Stories Trading Technologies International sues Vela Trading Technologies over trademark infringement Maria Nikolova – FinanceFeeds Trading Technologies International accuses Vela Trading Technologies of infringement of its registered trademarks, including TRADING TECHNOLOGIES and TT. jlne.ws/2vSNk6B ****SD: The recent acquisitions of OptionsCity and Object Trading by Vela were the tipping point. TT’s general counsel is Mike Ryan. Filing attorneys for TT are from Pattishall, McAuliffe, Newbury, Hilliard & Geraldson, a widely recognized law firm focused on intellectual property. One of the attorneys on the filing, Paul Borovay, has a random tidbit on his bio page – “Before returning to law school,…

SEC “Abdicated Responsibility” Regarding OCC Capital Plan; tastytrade buys Seed Futures; Gundlach’s Options Bet Newsletter,Options

Observations & Insight Seed Futures Acquired by tastytrade GlobeNewswire Seed Futures LLC (“Seed Futures”) today announced that its business has been acquired by dough, Inc. (d/b/a tastytrade). jlne.ws/2vPldoL ****SD: This is a development worth following. The tastytrade/dough team and their new(ish) brokerage tastyworks continue to disrupt business. Seed Futures is a subsidiary of Seed CX, the SEF started two years ago (SEF designation came in August 2016) to initially trade forwards and options on industrial hemp products. Geared to all “emerging commodities,” as they phrase it, the exchange now has tradeable products like Hass avocados, organic soybeans and Persian limes….

Investors Have Never Been More Short Volatility Futures; Some Credit Investors Are Getting Ready for a Market Correction; US equity volatility hits five-decade low Newsletter,Options

Observations & Insight Rebranding in Three Easy Steps – Brian Cassin Education.MarketsWiki.com “Your brand is what people say about you when you’re not in the room.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Brian Cassin, head of product and strategy with Vela Trading Technologies, breaks down the three steps in rebranding a company. Cassin uses Vela as a case study when going through the importance of rebranding, as Vela is the result of the Wombat and SR Labs tie-up. Cassin says timing is everything, but having a clear message for customers is equally important….

CBOE to launch bitcoin future contracts; LedgerX Will Transform Cryptocurrencies; Traders are betting big on a stock market shock Newsletter,Options

Observations & Insight July 2017 Options Exchange Marketshare via OCC ****SD: In case you missed the OCC’s release yesterday about July cleared volume, you can find that here. ++++++ The Concept of Basis – Gregg Doud Education.MarketsWiki.com “The beauty of this industry is, I don’t care how much artificial intelligence or how many algorithms you use, you’re still going to have to have somebody that understands where stuff is supplied, where it comes from and where it goes and the trade flows associated with it.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Gregg Doud,…

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,…

OCC chief Donohue latest to warn over Basel rules; Does a 263% Profit Mean Markets Are Efficient?; What History Says About Low Volatility Newsletter,Options

Observations & Insight June 2017 Options Exchange Marketshare via OCC ++++++ OCC Cleared Contract Volume Up Two Percent in June OCC OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in June reached 387,597,223 contracts, a two percent increase from the June 2016 volume of 378,908,938 contracts. OCC’s year-to-date average daily cleared contract volume was also up two percent from 2016 with 17,174,603 contracts. Cleared futures volume was up 16 percent in June with 13,194,530 contracts, and securities lending CCP activity was up 27 percent over June 2016 with 1,142,708 new loan transactions. jlne.ws/2tiXQjn ++++++…

Glitch resets multiple Nasdaq tech stocks to same price; The Nasdaq glitch explained; Ex-Glencore traders aim to cut out middlemen with online concentrate platform John Lothian Newsletter,Newsletter

First Read Time to Sign Up for New York MarketsWiki Education Series By John J. Lothian We are in the home stretch prior to the MarketsWiki Education World of Opportunity series in New York. It is time to sign up your interns or spread the word one last time as we are less than a week to go. Your sharing this information and act of kindness can have a big impact on the next generation to join our industry and markets. We have a great line-up of speakers for New York and I can confirm we have added JJ Kinahan…