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Tag Archives: Optiver

ESMA Keeping Tight Leash On EU Trading Venues Blog,Commentary,Exchanges, OTC & Clearing,Feature,Regulation & Enforcement

Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said MiFID II rules launched in January are indeed living up to expectations of pushing more trading onto exchanges, but more work may be required. In remarks before the World Federation of Exchanges annual meeting in Athens, Maijoor said less trading volume is flowing to dark pools and onto exchanges and so-called systematic internalisers (SIs), used by banks and algorithmic trading firms to fill customer orders. The use of ongoing periodic auctions for contracts, however, is coming under greater scrutiny, Maijoor said. These millisecond auctions may not being adhering…

New CyrusOne Colo Service; VIX lawsuit; Saudi options due after futures launch JLN Options Newsletter,Newsletter,Options

Observations & Insight August 2018 Options Exchange Marketshare via OCC ++++ Wednesday Bits Spencer Doar – JLN Market participants have until September 14 to comment on a Nasdaq proposal “to codify the definitions of the current protocols that Participants can use to enter quotes and orders on the Exchange and introduce a new protocol.” If you’re not a market maker, consider yourself excused from reading that. Pretty much the protocol formerly known as “OTTO” is going to be “QUO.” And the old “OTTO” is going to replaced by a new, revamped “OTTO.” Got that? Cboe is continuing its rebranding efforts,…

The Spread – Week of 3/19 to 3/23 Commentary,Video,video

The JLN team is back in Chicago  to bring you a more conventional episode of The Spread. Thank heavens our teleprompter was back in action – ad libbing a poolside chat was wicked difficult. You are likely up to date on the potential Biden v. Trump title fight that was in the headlines this week, but are you up to date on the week’s happenings in options? The following are stories referenced in this week’s episode: Reuters – CFTC ‘astounded’ as Congress prepares to cut budget WSJ – SEC Urges Exchanges to End Standoff on Trading Data Bloomberg – Volcker…

Volatility Is Low But Ambiguity Is Sky High; Clearing forex options; War on Dutch prop shops Newsletter,Options

Observations & Insight (Click for larger image) Lead Stories Volatility Is Low But Ambiguity Is Sky High Ben Eisen – WSJ Two academics are rolling out a new measure of market fear that suggests investors aren’t nearly as complacent as they seem. The gauge of so-called ambiguity, meant to chronicle the degree of uncertainty investors have in the probabilities they use to make decisions, has been at all-time highs in recent months, indicating that there’s more fear built into the stock market than common measures of volatility suggest. The Cboe Volatility Index, a popular metric for tracking fear in the…

VIX options record; Bets on falling VIX; New Optiver CEO Newsletter,Options

Observations & Insight OCC Announces Promotions to Leadership Team OCC OCC, the world’s largest equity derivatives clearing organization, today announced several promotions to its leadership team. “To fulfill its role as an effective and efficient Systemically Important Financial Market Utility and serve as a forceful advocate for the U.S. exchange-listed options industry, OCC must be seen as a destination for top talent,” said Craig Donohue, OCC Executive Chairman and CEO. “Through the work of our entire team, OCC has been able to attract and retain very knowledgeable individuals across a wide range of expertise who are adding value to the…

John Lothian Newsletter: The year dark trading surged; Abenomics Drives Japan Hedge Funds to Worlds Top Performers; Optiver appoints new CEO John Lothian Newsletter,Newsletter

First Read Ideas adjust to new ‘facts’ of finance – FT.com Gillian Tett Eight decades ago, economist John Maynard Keynes reputedly remarked: “When the facts change, I change my mind; what do you do sir?” Investors might do well to consider that question as, looking back at the past five years, it is clear some of the “facts” of global finance have been overturned. Unsurprisingly, that has produced some visible shifts in most investors’ views. jlne.ws/1dcN0y3 ***JM: It’s an interesting paradox that our perspective can shift over time, yet we can also stubbornly engage in an infinite loop of destructive…