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Tag Archives: options exchange

Options Market Share Is Being Spread Around; SKEW Index Record JLN Options Newsletter,Newsletter,Options

Observations & Insight Half Week Notes Spencer Doar – JLN According to Vance Harwood’s calculations (he writes the Six Figure Investing Blog), a 1.5x leveraged vol fund needs to reverse split every 8-22 months. UVXY just did a 5:1. This is its ninth reverse split, but the first since the fund’s leverage was changed from 2x to 1.5x. For more, see this post. Premier Li Keqiang said China will not devalue the yuan to help boost exports. On a related note, look at soybean prices. Also see Reuters’ Inside China’s strategy in the soybean trade war. Denmark’s largest bank is…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; Standard Chartered eyes New York energy trading, bucks Wall Street trend: sources; Complex short Vix products draw fire as vol plumbs lows Newsletter,Options

Observations & Insight BOXing: Let the Bodies Hit the (Options) Floor Spencer Doar – JLN Golly, there’s been a ton of action in options markets lately. First, the surge of crypto news. Last week, MIAX’s investment in LedgerX received airtime as LedgerX was approved as a derivatives clearing organization (DCO), paving the way for bitcoin options. Then CBOE got into the fray with its announcement yesterday that it has partnered with Gemini, the cryptocurrency endeavor backed by the Winklevoss twins, to use its market data to create bitcoin futures. (I expressed my skepticism of the timeline laid out by CBOE…

Chicago’s Newest Trading Floor Will Be Staffed by Humans; NYSE on Track to Lose More ETF Listings; Big asset managers struggle to meet Mifid II deadline John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff BOX gets SEC approval for a trading floor, the CBOE picks the Winklevoss twins for bitcoin futures and earnings news from ICE and LSEG is among today’s top headlines. ICE and LSEG came out with earnings today. Check it out in Exchange News. ~JJL I like context. Morgan Housel has a blog – An Honest Business News Update – with a lovely reminder humanity is more than the sum of what gets the publicity. ~SD We have added a Hello Bar to the bottom of the MarketsWiki Education website] and to the…

The Aggregated Wisdom of Henry Schwartz Blog,Options

In December, JLN was lucky to have Henry Schwartz of Trade Alert as a guest editor for the JLN Options newsletter. Some of you might have missed his contributions from that week – below is a post comprised of all of his observations with some slight edits. His columns are listed in chronological order from when they were published (12-12-16 through 12-16-16). Complex Orders and Daily Options Volume It’s a great honor to edit the JLN Options newsletter because I have always found it to be a crucial source of timely and relevant news (and not ‘fake news’) for professionals…

How Investors Can Cash In On Bats Blog

In March 2005, the International Securities Exchange broke new ground as the first securities exchange in the US to go public. Now the markets await the next round of exchange IPOs, with Bats Global Markets coming April 14. Bats’ shareholders are expected to generate just over $200 million in the IPO with an offering price between $17 and $19 per share. The company is expected to end up with a market cap of $1.72 billion. It’s an interesting time for the exchange space, as exchange leaders jockey for the London Stock Exchange, as well as for geographic advantage. It’s also…

FIA Expo: Acid washed options Blog,Commentary,Options,Regulation

The clear message from FIA Expo was that the options industry needs market makers and regulators are making it hard on market makers.   At the risk of sounding like “South Park’s” Mr. Mackey, that’s bad, m’kay? Adding to the current quandary of market makers in the options space is the sheer number of markets that need making. While kicking off the “Equity Options Exchange Leaders” panel, moderator Patrick Hickey, head of market structure at Optiver, discussed the bloated number of strikes that participants have to deal with when trading and choosing strategies. Hickey also displayed an illustrative graph of…

JLN Options: Options Traders Pile On After Apple Decline Newsletter,Options

Lead Stories Options Traders Pile On After Apple DeclineAlexandra Scaggs, The Wall Street JournalOptions traders piled on to the selloff in Apple Inc. on Wednesday morning, and trading indicates they see more big swings ahead.http://jlne.ws/UpUoL6 Futures merchants must adapt to survive, TABBRichard Henderson, The TradeFutures commission merchants (FCMs) must provide new services and improved capital management to mitigate lower volumes and new rules, while 15% may quit the business, according to new research.http://jlne.ws/QKmbb2** Here is the press release from TABB on this subject: http://jlne.ws/SAVx2M –JB The ‘Fiscal Cliff’ a ‘Bungee Jump’ for Markets: ExpertJean Chua, CNBCAs the prospect of the…

Steven Crutchfield of NYSE Discusses New Management Structure and Options Technology Interview,Options,Tech / HFT,Video

Steven Crutchfield was named CEO of NYSE Euronext’s two U.S. options exchanges, NYSE Amex Options and NYSE Arca Options earlier this month. The move marks a new management strategy for NYSE’s options markets, which had been managed separately. Crutchfield spoke with John Lothian News editor-in-chief Jim Kharouf about the new management structure, new initiatives for market makers and in risk management as well as dealing with lower options volumes this year.