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Tag Archives: Options Industry Conference

Risk Premia Catches On; SKEW vs. VIX; Intel Chip Flaws and Options; BTC options Newsletter,Options

Lead Stories Derivatives: Asset managers catch on to risk premia strategies Costas Mourselas – GlobalCapital Risk premia strategy, a form of passive investing, is gaining ground among asset managers as they turn to the product for a steady source of yield and a tool for hedging uncertain macroeconomic conditions. This type of investing relies on ideas — many of which are derived from academic papers — that have consistently delivered returns, and are expected to do so into the future. jlne.ws/2qn8xU7 *****SD: Just catching on, eh? Where ya been? SKEW Index Continues To Diverge From VIX Index Sean Emory –…

How Do You Save the Capital Markets? Blog,Commentary,Exchanges, OTC & Clearing,Mwiki,Options,Politics,ReformWiki,Regulation,Regulation & Enforcement

Kennedy Looks to Lead Market Revamp Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the financial markets so they stay the envy of world capital markets.  And there is…

All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure Blog,Commentary,Feature,Options

U.S. equity options leaders said today’s market structure needs fixing and vowed to work together to address it at the Options Industry Conference in Scottsdale, Arizona. Among some of the structural problems are a perceived lack of liquidity, a rigid regulatory structure that has supported the fragmentation of markets, and a concentration of volume on a relatively small number of listings. Kevin Kennedy, who serves as senior vice president, head of U.S. options at Nasdaq, called for the exchanges and participants to work together to upgrade the market structure so it works better and more efficiently in the coming years….

Not as Bad as it Seems: Schwartz Addresses the State of the Options Industry Blog,Commentary,Feature,Options

Henry Schwartz, president of Trade Alert, gave his annual “State of the Options Industry” address at the Options Industry Conference in Scottsdale, Arizona, and painted a more optimistic picture than recent portrayals in the press.   Yes, options volumes for 2017 are predicted to be flat to slightly up, a bit more than 4 billion contracts, but to Schwartz, that is a good number given the lack of volatility. Another positive is that more institutional users are appearing in the options market. According to his calculations based on regulatory filings, some 100 institutions enter options markets annually while 85-90 drop…

Options Industry Conference Preview Part 2: OCC’s Craig Donohue on Gina McFadden and Changes at the Top of OCC Blog,Feature,Video,video

As the 35th Options Industry Conference gets underway, OCC Chairman and CEO Craig Donohue spoke with John Lothian News about everything from the industry’s first woman to be awarded the Joseph Sullivan Award to executive changes at the clearinghouse. Gina McFadden served in the options industry for almost 40 years. She served as president of The Options Industry Council (OIC) from 2006 to 2013 and executive vice president at The Options Clearing Corporation (OCC). She retired from both of those positions in September 2013. At OIC, McFadden was responsible for business and product development, corporate communications, and investor and internet…

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…

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…