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Tag Archives: OCC

MarketsWiki Education Summer Intern Series – Chicago 2015 – Day One Blog,Commentary

Our Chicago Summer Intern Series kicked off with a packed auditorium at IIT and five lively speakers, who all spoke about their passion for the trading industry. Scott Gordon, the CEO of Rosenthal Collins Group, was up first with some tips for interns on success and balance in work and life. These included checking out the view from 30,000 feet – looking beyond your particular job to know the major players, products, drivers and interactions in your industry; asking questions rather than knowing all the answers; pretending you are a taxi, which zigzags around and doesn’t know where it’s going…

New Energy: Nasdaq Prepping For Launch Of Nasdaq Futures Interview,Video

Nasdaq Futures was announced in March with a goal of shaking up the energy futures markets. Since then, Nasdaq’s team has been busy building infrastructure and signing up new members. The question is, will they challenge the likes of CME Group’s Nymex or the Intercontinental Exchange? Hans-Ole Jochumsen said that Nasdaq Futures, or NFX, has the model to compete with established markets. Its partnership with OCC will clear its natural gas, crude oil and power futures contracts at a mere 4 cents per side. That, coupled with the Nasdaq trading engine, GENIUM INET, that is common to many in the…

Bigger Picture: BATS Execs Willing To Collaborate To Expand Options Business Interview,Options

BATS Global Markets has a hand in both equities and options, and its options market, though relatively new, is holding its own among the growing list of options exchanges. John Lothian News’ Sarah Rudolph caught up with Kapil Rathi, a VP of options business strategy at BATS (along with Jeromee Johnson), and Bryan Harkins, BATS executive vice president and head of U.S. markets, at the Options Industry Conference in Miami Beach earlier this month, where she spoke to them about BATS’ plans for a new exchange, how to grow the pie in the options space, BATS’ new proposal for small-cap…

John Lothian Newsletter: Forex’s ‘Last Look’ Practice Gets Curbed; Wall Street Is Using the Power of Dodd-Frank Against Itself; Exchanges to police position limits – CFTC John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Futures Magazine is changing its name. Forty-three years after changing its name from Commodities to Futures, Futures Magazine will become Modern Trader, according to its editor in a video interview with a Chicago futures broker. Futures Magazine Editor Dan Collins spilled the beans in a video interview with Price Group energy broker Phil Flynn on the Price Futures Group’s YouTube channel. That fact alone speaks volumes to the changes in the media space and the markets Futures has faced since last changing its name. The re-booted magazine will feature 20 new…

John Lothian Newsletter: FDIC Chief Martin Gruenberg: Big Bank Failure Won’t Imperil System; Castleton joins oil trade titans with Morgan Stanley deal; Small investors focus of trading shake-up John Lothian Newsletter,Newsletter

First Read Options Industry Perspectives: Exchange Leaders Trade Viewpoints at OIC 2015 Sarah Rudolph – John Lothian News At the Options Industry Conference this year, the exchange leaders panel directly followed a presentation by Andy Nybo, head of derivatives at The Tabb Group, that offered a rather bleak look at the options industry. Total volume year-to-date was down 8.7 percent compared to a year earlier, bid-ask spreads have been getting wider, and options exchanges are finding it difficult to compete in a field of 12-going on-14 players. Given that “dark cloud” the industry appears to be under, moderator John Lothian…

Options Industry Perspectives: Exchange Leaders Trade Viewpoints at OIC 2015 Blog,Options

Sarah Rudolph

At the Options Industry Conference this year, the exchange leaders panel directly followed a presentation by Andy Nybo, head of derivatives at The Tabb Group, that offered a rather bleak look at the options industry. Total volume year-to-date was down 8.7 percent compared to a year earlier, bid-ask spreads have been getting wider, and options exchanges are finding it difficult to compete in a field of 12-going on-14 players. Given that “dark cloud” the industry appears to be under, moderator John Lothian asked the panel what the industry could do to turn it around. Exchange leaders agreed that the lack…

Clearing Evolution: Michael McClain on the changes at OCC Interview,Options,Video

Industry players are gearing up for this year’s Options Industry Conference. One of the key speakers at the event is Michael McClain, president and COO of The Options Clearing Corporation. We talked with McClain in advance of the conference about the changes at OCC and their effect on its resilience and risk management capability. He also looked at securities lending, options education, and the controversy over OCC’s capital plan. The company has made a number of management changes since it was designated a Systemically Important Financial Market Utility (SIFMU). The changes include increasing the number of public directors. The significant…

OIC Conference Preview: BOX CEO Ed Boyle on how the options industry is working to address market challenges Interview,Options,Video

At this year’s Options Industry Conference in Miami Beach, participants will discuss such crucial industry issues as market quality and deteriorating volumes, the implementation of Dodd-Frank and Reg SCI, technology and risk management. The conference is hosted by BOX Options Exchange, whose new CEO, Edward Boyle, spoke with John Lothian News about some of these issues and what’s being done to address them. Deteriorating markets are a concern of the whole industry, and the conference is a great place for those in the industry to get together to talk about that and other problems, Boyle said. “A lot of people…

John Lothian Newsletter: The OCC looks to a bright confident day; Navinder Singh Sarao And The Flash Crash: Why Financial Market ‘Spoofing’ Is So Hard To Catch –And Even Harder To Prosecute; Centralised risk raises systemic worries over derivatives John Lothian Newsletter,Newsletter

First Read The Out of Options Motorcycle Club to Ride to Miami to Options Industry Conference John Lothian News (JLN) by John Lothian The Out of Options Motorcycle Club comes together to raise money by doing a charity motorcycle ride to the options conference. The group is riding for this year is the Babies Heart Fund, which supports the pediatric cardiology division at Columbia where ISE’s Molly McGregor’s son is a patient. She credits them with saving Nathan’s life and says the research they are doing now is simply amazing. The group is also riding for cancer research at St….