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Tag Archives: OCC

The Options Industry Leader Series 2018 – BOX’s Ed Boyle Feature,Video,video

In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and options market structure.    Produced by Mike Forrester Interview by Spencer Doar

The Options Industry Leader Series 2018 – Nasdaq’s Kevin Kennedy Feature,Mwiki,Video,video

Video series brought to you by OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered low volatility, Nasdaq’s proprietary product suite and capital requirement issues.     Produced by Mike Forrester Interview by Spencer Doar  

US judge scraps trial into CME Group’s defence of home market; Fed Reserve checking account? John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Former Barron’s columnist Steve Sears has emerged as the chief market strategist for StratiFi Technologies. Eurex Clearing’s new partnership program, aimed at creating an EU-based clearing facility for interest rate swaps, cleared a record EUR1.7 trillion in March.~JK Cboe Global Markets’ FX volume rose 37 percent to $762.9 billion in April, up from $554 billion a year earlier. Year-to-date notional volume is up 41 percent.~JK Did you know Cboe has an office in Quito, Ecuador?~JK Joe Noviello, the former head of eSpeed, is now managing director of Dealerweb Technologies at Tradeweb, according to…

OCC’s Evolving Leadership Role in the Options Industry Feature,Mwiki,Video,video

The OCC didn’t always position itself as a thought leader in the derivatives industry, but as exchanges’ business interests shifted over the years to multiple asset classes, OCC is one of the few organizations left that can bring its focus solely to bear on equity options.  In this video, OCC CEO and Executive Chairman Craig Donohue talks about the evolution of the OCC and the Options Industry Council. 

Regulatory Issues Confronting the Options Industry Feature,Video,video

The OCC has a number of regulatory initiatives it would like to accomplish in the coming years, and in this video Craig Donohue, OCC executive chairman and CEO, talks about two key calculations that need changing. First, regulators need to adopt a risk weighted asset calculation that better reflects the true exposure of a clearing member firm. Second, the OCC wants to make sure that the supplemental leverage ratio includes customer initial margin. The OCC is working on potential interpretive relief or narrowly tailored rulemaking in the interim to help ease the burden.     Produced by Mike Forrester

The Spread – Week of 4/23 to 4/27 Video,video

Who likes TV show theme songs (especially older ones that still live on through syndication)? If you don’t, well, shame on you, but watch this week’s episode of The Spread anyway for some updates on happenings in the options world. The stories referenced can be found below:  -Bloomberg – Options Traders Pile Into $80 Oil Bets as Trump Wild Cards Mount -OCC – A Decade After the Financial Crisis, These Lessons Can’t Be Forgotten -Cboe – Letter from Cboe CEO Ed Tilly and President Chris Concannon regarding VIX activity -Press Release – Matrix Executions Announces the Creation of a High Touch Trading Desk for…

A Decade on From the GFC – John Davidson, OCC; Cleverness vs. Manipulation? Newsletter,Options

Observations & Insight Miscellany of the day Spencer Doar – JLN According to the most recent post on the Bank of England’s Bank Underground blog, the “volatility exposure of leveraged ETPs has fallen by around three quarters since early February.” Another quote from the piece: “In addition to making spikes in volatility sharhper, VIX ETPs also have the potential to make them shorter-lived.” Recall that SVXY, one of the key VIX ETPs (and a surviving inverse instrument), started targeting -0.5 leverage instead of -1 at the end of February. At the end of March, Cboe and Wall Street Horizon put…

Vol or bust?; VIX lawsuits; Equity traders are killing it Newsletter,Options

Observations & Insight Miscellany of the Day Spencer Doar – JLN Cboe turned 45 years young and Russell Rhoads has a blog out with 45 facts about Cboe – I forgot seats were originally offered for $10,000. Using a U.S. Inflation Calculator site, the cost of a seat in 1973 is about $55,000 in today’s world. Bill Luby said in a tweet a ways back that he is working on more content for his VIX and More blog and will be dusting off the cobwebs soon. His most recent post is from May 2017. One in five financial institutions are…

Cybersecurity and Technology Upgrades – John Davidson, OCC Feature,Mwiki,Video,video

The OCC is in the process of making what is a big decision for a systemically important financial market utility (SIFMU) – how to best upgrade a tech stack responsible for clearing millions of options and futures contracts daily. In this video from JLN’s annual series with industry leaders, OCC President and Chief Operating Officer John Davidson talks about how the OCC is weighing its cloud vendor options, addressing cybersecurity concerns and the regulatory initiatives on the road ahead.   Produced by Mike Forrester Interview by Spencer Doar