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JLN Options: Fear Gauge Jolted Higher as Stocks Slip Newsletter,Options

Commentary New OIC Whitepaper Studies Financial Advisors’ Use of OptionsA new whitepaper from the Options Industry Council (OIC) titled “Tales from the Front” offers highlights from interviews with ten advisors who have used options in their practices successfully. The panel of advisors came from large wirehouse firms as well as regional and independent firms. The OIC found that the advisors are using options in at least one-third of their client accounts, and some are using them with most or all their clients. Clients of investment advisors are generally more open to using options as hedging strategies for risk management, although…

JLN Options: TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market Structure Newsletter,Options

Lead Stories TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market StructurePress Release (MarketWatch)US equity options market makers tell TABB Group they are re-examining business models due to declining volumes, stagnating volatility and rising technology expenses that have created a business environment favoring larger firms with technology capable of scaling. TABB Says US Equity Options Market Makers Need Scalable Technology to Compete in Today’s Complex Market Structurehttp://jlne.ws/XwWA79 CME Rejected Settlement With Regulators The Wall Street JournalCME Group has rejected a settlement with the Commodity Futures Trading Commission of charges that two former traders leaked…

JLN Options: Corzine avoids lifetime futures ban, for now -regulator Newsletter,Options

Lead Stories Corzine avoids lifetime futures ban, for now -regulatorTom Polansek, ReutersA key U.S futures-market regulator said on Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.http://jlne.ws/YI2kJl **Nothing to see here.  Move along. –JB Hybrid Structured Note Sales Rise as Volatility Falls to LowKevin Dugan, BloombergU.S. banks sold $271.9 million of structured notes that are tied to multiple types of assets in February, the most in almost two years, as volatility fell to its lowest level since 2007.http://jlne.ws/YIbi9y SPX Weeklys –…

JLN Options: Investors sue to block Heinz takeover Newsletter,Options

SPX vs. VIX Trailing 30 Days(click for larger image) Chart and data provided by Livevol New Restoring Customer Confidence VideoThe final scheduled video in our Restoring Customer Confidence series deals with electronic confirmations of customer funds. As the industry continues to deal with these issues, John Lothian News may highlight new ideas or developments in future Restoring Customer Confidence videos. Restoring Customer Confidence More ideas» Confirmations: Plugging Into Electronic Confirmations MarketsWiki.tv Capital Confirmation, which runs Confirmation.com, is credited with helping to unveil the massive $215 million fraud at Peregrine Financial Group (PFG) in July 2012. The web-based audit confirmation service…

JLN Options: Former CBOE head Alger B. ‘Duke’ Chapman dies at 81 Newsletter,Options

Post Market Volume and Volatility Movers(click for larger image) Chart provided by Livevol (Tuesday, Feb 19, 2013 – 4:25p). This report shows stocks that have the highest stock volume, and greatest IV30 change for the day. Individual issues must have a minimum trade price greater than $5.00. The minimum average option volume must be at least 200. The scan excludes 2x,3x ETF products from the results. Lead Stories Former CBOE head Alger B. ‘Duke’ Chapman dies at 81Lynne Marek. Crain’s Chicago BusinessAlger B. “Duke” Chapman, who was chairman and CEO of the Chicago Board Options Exchange from 1986 to 1997,…

JLN Options: Beyond Heinz, Options Trades Draw Scrutiny Newsletter,Options

Lead Stories Beyond Heinz, Options Trades Draw ScrutinyKaitlynn Kiernan, The Wall Street JournalA windfall bet made in H.J. Heinz Co. options one day before a buyout was announced Thursday prompted regulators to act quickly, freezing assets they suspect are tied to the trade.But the Heinz bet, which the Securities and Exchange Commission said could have paid out $1.7 million, was just the latest in a series of unusual options trades made ahead of the disclosures of big deals and other news that moved share prices.http://jlne.ws/WU8qsj** See press release below under “Regulation” from the SEC regarding the Heinz case. –JB Volatility…

JLN Options: EU Seeks Broad Transaction Tax to Curb Rules ‘Patchwork’ Newsletter,Options

Lead Stories EU Seeks Broad Transaction Tax to Curb Rules ‘Patchwork’Rebecca Christie, BloombergThe European Union proposed a tax on financial transactions that could be collected worldwide as soon as the start of next year by the 11 EU nations that have so far signed up to participate.The proposal, which marks a new stage in the EU’s efforts to raise revenue from the financial industry, came under immediate fire.http://jlne.ws/ZfjnqV S.E.C. Looks at Trades a Day Before Heinz DealBen Protess, DealbookRegulators are scrutinizing unusual trading surrounding the planned $23 billion takeover of the food company H. J. Heinz, raising questions about potential…

JLN Options: CFTC Proposal Poses “Monumental” Challenge to FCMs Newsletter,Options

CFTC Proposal Poses “Monumental” Challenge to FCMsBy John Lothian Changes to the way customer funds are held and accounted for by futures commission merchants (FCMs) were inevitable after the bankruptcies of MF Global and Peregrine Financial Group. But it is pressure from buy-side market participants and their allies in Congress who are pushing for regulatory changes that could change the face of the futures business. At last week’s CFTC Roundtable, the fourth panel of the day titled “Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organization,” highlighted the challenges and potential consequences to…

JLN Options: A Sensible Change in Taxing Derivatives Newsletter,Options

Lead Stories A Sensible Change in Taxing DerivativesVictor Fleischer, DealbookIt’s not every day that I’m happy with Congress.Readers may recall David Kocieniewski’s article about Ronald S. Lauder, an heir to the Estée Lauder fortune with a net worth of more than of $3 billion.http://jlne.ws/X5qw74 Here’s How The ‘Fear Index’ Recovered After 11 Major CrisesSam Ro, Business InsiderThe analysts at Credit Suisse recently published their Global Investment Returns Yearbook The Big Picture’s Barry Ritholtz: recently pointed us to it.http://jlne.ws/X5rEaL  Nasdaq Talks With Carlyle Signal Exchange Takeovers Not OverLindsey Rupp, Leslie Picker & Whitney Kisling, BloombergNasdaq OMX Group Inc.’s talks with Carlyle…