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Tag Archives: OCC

Options Battle Brews; Volatility Trades Are Reborn JLN Options Newsletter,Newsletter,Options

Observations & Insight EU expects delay in Brexit deal beyond October target Gabriela Baczynska – Reuters European Union leaders are likely to have to hold an emergency summit in November to consider any Brexit agreement struck with Britain, missing an informal deadline the previous month, diplomats in Brussels said. /reut.rs/2w6N4zd ****SD: Who in their right mind thought this was going to go according to schedule? The Financial Times has EU vows to get tough on UK’s market access after Brexit. From that story – “Dombrovskis said Brussels was not offering any kind of ‘super equivalence’ to the UK, and that…

A Messy Battle Brews in the Options Market John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Whenever CME Group and Nex Group close their deal, it is expected to boost to CME’s international revenues 35 percent, according to a Q1 report from the exchange.~JK ++++ Tom Scanlan and NEX Group ran a Trading Tech 300 merit badge workshop yesterday in Chicago, featuring the geocaching merit badge. Thank you to Tom and NEX for their great contributions to Boy Scouts. More data on the problem with overfitting: according to a recent study covering 215 alternative beta strategies from 17 investment banks (which included both backtest and live data), only…

Traders Bet U.S. Stocks Are About to Make a Big Move, Somewhere Newsletter,Options

Observations & Insight The Spread – Caddyshack Market – 8/17 JohnLothianNews.com Another week, more Turkey worries. We don’t talk about that at all in this week’s options news recap, instead taking a peek at security, average bid/ask spreads and regulation. Watch the video and see the stories referenced here » ++++ Trump Is Complaining to Donors in the Hamptons About Powell’s Rate Hikes Jennifer Jacobs and Saleha Mohsin – Bloomberg President laments interest rate increases at GOP fundraiser; Federal Reserve has raised rates five times in Trump’s term President Donald Trump said he expected Jerome Powell to be a cheap-money…

OCC’s move to ‘Cover 2’ won’t cost members more, CRO says Newsletter,Options

Observations & Insight The Spread – 8/10 – Pump up the Vol(ume) JohnLothianNews.com In this week’s recap of happenings in the options world we delve into some confusing terms, Spinal Tap and Recep Erdogan’s plight. Watch the video and see the stories referenced here » ++++ Turkey’s Collapse Sinks Emerging Markets on ‘Manic Monday’ Rita Nazareth and Ben Bartenstein – Bloomberg (SUBSCRIPTION) Turkish measures could be too little, too late, analysts say; Argentine century bond yield surges to 10% as peso tumbles Turkey’s market carnage rippled across emerging markets, sending both stocks and currencies toward their lowest levels in a…

OCC Clears the Path to Greater Capital Efficiencies for Clearing Firms in U. S. Exchange-Listed Options Markets Newsletter,Options

Observations & Insight Trump’s trade ‘extortion’ won’t work, China state media says Andrew Galbraith, Michael Martina – Reuters Chinese state media on Monday lambasted U.S. President Donald Trump’s trade policies in an unusually personal attack, and sought to reassure investors anxious about China’s economy as growth concerns battered its financial markets. /jlne.ws/2OKbxSy ****SD: Also see CNBC’s Beijing is more worried about domestic issues than its trade war with Washington, research firm says and Bloomberg’s chart recap Here Are the Shots Fired So Far in U.S.-China Trade War Lead Stories OCC Clears the Path to Greater Capital Efficiencies for Clearing Firms…

OCC Investigated; Monthly Industry Stats; NSE Scandal; GAM’s Bond Problems Newsletter,Options

Observations & Insight Options Exchange Market Share for July (via OCC) ++++++ OCC Cleared Contract Volume Up 15 Percent in July OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in July reached 373,984,999 contracts, up 15 percent compared to July 2017 volume of 324,718,888. OCC’s year-to-date average daily cleared contract volume is up 21 percent with 20,551,805 contracts compared to 17,045,133 contracts in 2017. /jlne.ws/2OBMIbF Lead Stories Regulators Probe Options Market’s Major Clearinghouse Gunjan Banerji and Dave Michaels – WSJ The probes from the Securities and Exchange Commission and Commodity Futures Trading…

Regulators Probe OCC; ICE to Create ETF Primary Market Platform John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff John Lothian is out today, having surgery on his hip. The JLN team is picking up the newsletter for at least one day. Get well soon John.~JLN Today is the last day of our Chicago MarketsWiki Education World of Opportunity Event. This session will be held at Trading Technologies’ offices – thank you again to TT for helping us out! Today’s speakers are Renato Mariotti, Thompson Coburn LLP; Scott Ferris, BMO; Colleen Sullivan, CMT Digital; Lisamarie Lukas, OCC; Tim McCourt, CME Group; Bob Fitzsimmons, Wedbush Futures and Maria Mancusi of ABN AMRO Clearing….

NYSE Cuts Jobs at CHX; Trump Lost Investors’ Confidence; Alleged NYSE Scheme John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Correction from JLN yesterday. Renato Mariotti will be speaking at MarketsWiki Education on Thursday, not Monday as scheduled. Bill Weldon was moved to Monday and Jessica Darmoni will speak on Tuesday.~JJL Today’s MarketsWiki Education World of Opportunity event will again be at the Stuart School of Business at Illinois Tech on West Adams in Chicago, starting at 3:00 p.m. CT. Here is our list of speakers: *John Tornatore – Cboe Global Markets *Mike Phillips – VSEC LLC *Jessica Darmoni – The Title Connection *Melinda Schramm – The NIBA *Don Ross – CODA Markets…

VIX lawsuit update; Treasury options; CCP margin Newsletter,Options

Lead Stories VIX MDL Lead Should Have Young, Diverse Attys, Judge Says Lauraann Wood – Law360 (SUBSCRIPTION) The Illinois federal judge overseeing multidistrict litigation over alleged manipulation of the Chicago Board Options Exchange’s volatility index told investors’ attorneys he’ll be looking for details on team diversity and the potential for “substantive work for junior attorneys” in any lead counsel applications they submit. /goo.gl/XRDRsz ****SD: Am I missing something? This feels like code for “please represent yourself with less experienced counsel”? That sounds good for the defense… Treasury Short Bets May Be on Borrowed Time Liz McCormick and Edward Bolingbroke –…