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The Spread – Week of 12/11 – 12/15 Video

Our second installation of The Spread! The Spread is a brief recap of some of the notable activity in the options world. The following stories are referenced in this week’s installment: Bloomberg – Robinhood Is Making Even More Trades Free, Taking on the Options Market WSJ – Volatility Is Low But Ambiguity Is Sky High Eurex – Low-Volatility 2017 Marks High Demand for VSTOXX Business Insider – Trader ’50 Cent’ lost $197 million betting on market meltdown CFO – Options Clearing Corp. CFO Focuses on Tech Upgrade MIAX – MIAX Options Exchange Celebrates 5th Anniversary

OCC tech upgrade; Robinhood’s free options trading; 50 Cent’s losses Newsletter,Options

Lead Stories Tech Upgrade Commands CFO’s Focus; Amy Shelly of Options Clearing Corp. faces several challenges in replacing the organization’s outdated platform. David McCann – CFO Magazine The privately held financial-market utility that settles and clears transactions for all 15 U.S. option exchanges and 3 futures exchanges has a problem: Its technology is woefully outdated. / ****SD: Lots for OCC to consider: Roll it out piecemeal or all at once? Finance the project how? Buy or build? For more, see JLN’s piece earlier this year – Cloudy with clearing: What the next clearing house looks like ***SR: Amy Shelly is…

Trump to tap Powell for Fed; UK fintechs eating banks marketshare; Regulators warning about robots John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Congratulations to CME Group employees who supported October Pink for a Purpose campaign. Their efforts brought in more than $50,000. When you include CME’s corporate donations, more than $175,000 will go to @BeBrightPink and more than $16,000 will go to @CR_UK for the early detection, prevention and research for breast and ovarian cancer.~JJL The Treasury released its report on year-end 2016 U.S. portfolio holdings of foreign securities.. The largest holdings of foreign securities by country were the Cayman Islands with $1.37 trillion, the United Kingdom with $1.20 trillion, Japan with $854 billion…

London Retains Crown Top Financial Center; China to Ban Bitcoin Exchanges, Allow OTC; Miami’s Financial Center Submerges John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff A quieter commemoration of 9/11 is scheduled for today, the WSJ reports.~JJL Rumi Morales has left the CME as head of CME Ventures. Additionally, Sandra Ro left the CME in July. She was head of digitization at the CME Group. Both were speakers at previous MarketsWiki Education events.~JJL Of notable financial hubs mentioned in Z/Yen’s annual Global Financial Centres Index 22 report, Chicago ranked 24th, down 17 spots from 7th last year, behind cities such as: Toronto, Sydney, Beijing, Montreal, Geneva, Vancouver and Osaka.~JK MarketsWiki Education World of Opportunity attendee Catherine Orfanos…