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Tag Archives: OCC

JLN Options: VIX Has Its Biggest Two-Day Fall – 35.4%; Record Futures Volume Newsletter,Options

Lead Stories VIX Has Its Biggest Two-Day Fall – 35.4%; Record Futures VolumeMatt Moran, VIX ViewsOver the past six trading days the VIX has had a roller-coaster ride as investor sentiment shifted in regard to perceived prospects for a near-term solution to the U.S. fiscal cliff situation.http://jlne.ws/ZX3ypq Vix Futures Set Another New Single-Day Volume Record Today: 221,323 ContractsPress ReleaseThe CBOE Futures Exchange, LLC (CFE®) announced today that CBOE Volatility Index® (VIX® index) futures set a new single-day volume record of 221,323 contracts (estimated), the second consecutive daily VIX futures record this week.Today’s daily record eclipsed the previous VIX futures single-day…

JLN Options: MIAX Receives Approval Order from the United States Securities and Exchange Commission to Become Newest Equity Options Exchange; Trading to Commence on December 7, 2012 Newsletter,Options

Lead Stories MIAX Receives Approval Order from the United States Securities and Exchange Commission to Become Newest Equity Options Exchange; Trading to Commence on December 7, 2012Press ReleaseMIAX Options Exchange (“MIAX”) announced today that on December 3, 2012, it received an Approval Order from the United States Securities and Exchange Commission (“SEC”) of its Application for Registration as a National Securities Exchange, and thus MIAX will act as its own self-regulatory organization. [Release No. 34-68341; File No.10-207.]  Trading on MIAX, a fully electronic options trading exchange, is scheduled to commence on December 7, 2012.http://jlne.ws/SKjbtw PowerShares Readies ‘Downside Hedged’ ETFTom Lydon,…

John Lothian Newsletter: CME To Introduce Futures That Deliver Swaps; LSE makes play for collateral management market; Fed warns high-frequency trading firms John Lothian Newsletter,Newsletter

CME Group announces new deliverable interest-rate swap futures contracts.  The London Stock Exchange plans to begin offering collateral management services from its Monte Titoli settlement house in Italy. The Chicago Fed warns that the majority of algo traders and trading venues are relying on “others” to handle exceptions and errors in order flow.

Five Minutes with Cliff Weber Financials,Interview

Cliff Weber

In May 2009, NYSE Liffe U.S. signed a license agreement with MSCI Barra to offer a broad suite of domestic and international index futures products built on a range of MSCI equity indices. It’s been a over a year since NYSE Liffe U.S. became the only listing venue for MSCI Index-based products. This week, which featured a record trading day of 75,876 contracts in its MSCI Emerging Market futures contract, the exchange expanded its suite of MSCI products with the launch of Mini MSCI Canada Index Futures (MCL), Mini MSCI World Index Futures (MWL), and Mini MSCI Emerging Markets Latin…

John Lothian Newsletter: Public Exchanges Duel With Newcomers Over Trade Transparency; Derivatives Rules Have Swaps Users Eyeing Shift To Futures; HKEx COO Sees Need For Closing Auction Revival John Lothian Newsletter,Newsletter

As exchanges seek volume to stay growing and profitable, both NYSE Euronext and Nasdaq are seeking to compete in the dark pool arena. In response to the regulatory push for more control over derivatives, many swaps participants are reviewing their business models with an eye to shifting to less onerous solutions like futures transactions. HKEx is considering the reinstatement of a stock price closing auction as a way to smooth price volatility.

Special Report: Chicago Financial Community Readies For NATO Special Report

NATO

On May 20-21 the NATO summit will take place in Chicago. Financial industry firms and exchanges have braced themselves for potential protests and traffic snarls, and even cyber attacks. While the vast majority of entities will conduct business as usual, off site work plans and contingency and disaster recovery maps have been put into place to ensure it’s business uninterrupted.

John Lothian Newsletter: SEC Options Cases Highlight CBOE Regulation; HKEx to offer renminbi futures; Tokyo Trading Glitch Thaws Resistance to Alternative Platforms John Lothian Newsletter,Newsletter

As the SEC takes additional action against broker OptionsXpress, the CBOE finds itself in the middle of a much closer look at how it supervises its members. The Hong Kong Exchange announces plans to issue futures contracts for trading the Chinese yuan. Fault and strategy analysis continues at the Tokyo Stock Exchange over a systematic failure earlier this year. In the top box, John Lothian pens a salute to the S&P 500 Index Futures contract, which turns 30 this year; and OCC and OIC upgrade their support of MarketsWiki to the Partner level.

John Lothian Newsletter: OCC’s Walsh Warns of ‘Vast Over Reaction’ in Derivatives Regulation; Hedge Funds Scramble to Unload Greek Debt; Battle Over Brokers’ Duty to Clients At a Standstill John Lothian Newsletter,Newsletter

John Walsh of the OCC says that current regulation proposals to fix derivatives far exceed the scope of the problems.  Hedge funds, having loaded up on Greek debt, are trying now to unload the paper to avoid a bad haircut but are finding few takers. The SEC is stalled in the process of creating rules to require broker fiduciary duty to clients.  The FIA establishes a post-MF Global problem-fixing task force, with super-sized companies appointed to steer the effort.  In today’s top box, commentary from Doug Ashburn on the state of the Swiss Franc; and a lighter view of a…

John Lothian News Top Stories of 2011 Blog,Environmental/Energy,Financials,Managed Futures,Metals,Options,Regulation,Tech / HFT

John Lothian

We’ve created a list of the five most influential stories of 2011 for each of our newsletters, as well as from MarketsReformWiki, to help define what was a very eventful year across almost every market and industry sector. The year was punctuated by one major story inside another. The bankruptcy of MF Global, which requires its own top five list, became tied to another top story, the European sovereign debt crisis sequel – Greece and Italy. Of course, the downgrade of U.S. debt in August and assorted European states raised the ire of politicians and regulators who called for more…