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Tag Archives: OCC

Cboe acquires Silexx assets; Calmest VIX month; OCC blog; Bad vol info Newsletter,Options

Observations & Insight October 2017 Options Exchange Market Share via OCC Lead Stories Cboe Global Markets Acquires Assets of Silexx Financial Systems Cboe Cboe Global Markets, Inc. today announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates an innovative multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S. jlne.ws/2A9RFkC ****SD: Luckily, no relation to Skrillex (if you’re not familiar, don’t bother). Accomplishing The Impossible (Or, How OCC Interns Added Value To The World’s Largest Equity Derivatives Clearing Organization) David Hoag – Medium “We don’t…

Adi Agrawal is Optionus Prime Blog,Options

Adi Agrawal is Optionus Prime, the chief transformer of the Options Clearing Corporation. More formally he is not a child’s toy or the star techno-actor of a hit movie series, but rather the Chief Transformation Officer of the OCC. He is the chief transformer in my book. As Optionus Prime, Agrawal has a new role at an organization that is trying to reinvent itself based on the challenges of Dodd-Frank. I had never heard of such a title before, so I sat down with Adi and asked him what it was all about. He was in human form for the…

VIX Fears; CME Launches Wednesday Weekly Options Newsletter,Options

Lead Stories Wall Street’s ‘fear gauge’ on pace for record closing nadir as stock market trades at all-time high Mark DeCambre – MarketWatch A popular measure of Wall Street volatility was headed to an all-time low, highlighting a protracted period of subdued moves on Wall Street, as assets considered risky climb to records. The CBOE Volatility Index VIX, -3.53% often referred to as the market’s fear gauge, was trading recently at 9.14, which would mark the lowest close for the indicator since Dec. 22, 1993 when it ended at 9.31. jlne.ws/2fTF9R3 ****SD: XIV is trading above 100 today for the…

Moves to seize HFT code “dead”; Complex Math Could Make Blockchain Work for Wall Street; SEC’s CAT John Lothian Newsletter,Newsletter

First Read Hits & Takes Over the last quarter Eris Exchange hit an all-time high of 200,000 contracts ($20bn) of open interest (OI) in their IRS swap futures contracts cleared by CME Group.~JJL On November 3, 2017, Chicago-Kent College of Law will host the 9th Annual Conference on Futures and Derivatives. This is a full day program covering important topics for compliance officers, in house counsel, regulators, accountants and attorneys who work within the Futures industry. Register HERE.~JJL Rosenblatt Securities in their Trading Talk Market Structure Analysis reported year-to-date equities average daily volume is down 11.57 percent y/y and off…

VIX options record; Bets on falling VIX; New Optiver CEO Newsletter,Options

Observations & Insight OCC Announces Promotions to Leadership Team OCC OCC, the world’s largest equity derivatives clearing organization, today announced several promotions to its leadership team. “To fulfill its role as an effective and efficient Systemically Important Financial Market Utility and serve as a forceful advocate for the U.S. exchange-listed options industry, OCC must be seen as a destination for top talent,” said Craig Donohue, OCC Executive Chairman and CEO. “Through the work of our entire team, OCC has been able to attract and retain very knowledgeable individuals across a wide range of expertise who are adding value to the…

Cybersecurity is very, very tough: How a SIFMU’s cyber chief sees the threat Blog,Commentary,Feature,Mwiki,Options

The OCC’s new chief security officer talks about risks and prevention.  It’s alarming and getting ugly. The Equifax hack in March compromised the personal information of an estimated 40 percent of the United States population. The Bangladeshi central bank is down $81 million after the SWIFT messaging system was hacked in early 2016. The SEC recently disclosed that a 2016 hack of its EDGAR database may have resulted in trading on nonpublic information for personal gain. Then there are the cyber breaches of retailers: Target in 2013, which settled for $18.5 million, and Home Depot in 2014, which settled for…

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,…