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Tag Archives: SEBI

Liquidity concerns to fuel vol; CTC expands; Sebi’s derivatives rules Newsletter,Options

Lead Stories Goldman Warns of Liquidity-Fueled Sell-off After ‘Volmageddon’ Tracy Alloway – Bloomberg (SUBSCRIPTION) Weakened liquidity might have set stage for volatility surge; February event stands as warning to consider hedges: Goldman More than five months after February’s so-called volmageddon, the causal connection with a sudden slide in U.S. equity liquidity is only now becoming clear, according to Goldman Sachs Group Inc. /goo.gl/usP89x ****SD: Seems to be the bank concern de jour – the below story regarding Morgan Stanley’s research is also about liquidity. The Heisenberg Report has more on the notes here. Volatility highest since financial crisis, Morgan Stanley…

Cboe News Day; SEBI Derivatives crackdown; Volatility a One-Sided Affair Newsletter,Options

Observations & Insight It’s Cboe News Time Apparently Spencer Doar – JLN A flood of news poured out of Cboe these last 24 hours. Much of it stems from continued integration and restructuring after the Bats deal. Then again, Cboe is celebrating the 25th anniversary of the VIX all month, so why not announce a bunch of stuff? (The announcement releases are all in our “Exchanges” section.) First came the announcement of a new Markets Division, bringing together the product, sales and business development units. Andy Lowenthal and Bryan Harkins will be co-heads of the unit. The next release was…

Senate votes to confirm slate of three CFTC commissioners; Bats fires up debate over NYSE and Nasdaq closing auctions; LSE’s New Brexit Plan to Protect London Financial-Hub Status John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The U.S. Senate has unanimously confirmed Chris Giancarlo as Chairman, Quintenz and Behnam as Commissioners.~JJL The latest in Asia Pacific Financial News from John Lothian News for August 3, 2017 is available here Trade Alert President Henry Schwartz‘s talk is today’s video from MarketsWiki Education. The other videos we have released so far are Everyone Can’t Be the Best from former NYSE Euronext CEO Duncan Niederauer, The Concept of Basis from Gregg Doud, president of the Commodity Markets Council, and The State of Today’s Markets: Issues and Opportunities from Tabb Group founder…

Interactive Brokers’ market making segment feels impact of options business wind-down; A striking stat shows why even the bears are tempted to bet on stocks; Vix index sends mixed messages to investors Newsletter,Options

Observations & Insight Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3 PM. We still have room for last minute additions as well. Our speakers include Richard Sandor, Bryan Durkin, Terry Savage, Joe Guinan, Amy Shelly and Jennifer Wilson at the first session. At session two we have Mehmet Yanilmaz, Julie Armstrong Menacho, Keith Petersen, Patrick Kenny, David Kelbaugh and Jay Feuerstein…

Two Market Giants Tried to Create a $75 Billion Mega-Exchange; The Mystery of the Stubbornly-Low Volatility Index Is Deepening; Ex-Credit Suisse Trader Lures $1.6 Billion of Client Cash Newsletter,Options

Lead Stories Two Market Giants Tried to Create a $75 Billion Mega-Exchange Matthew Leising – Bloomberg CME, ICE discussed a merger after Deutsche Boerse-LSE’s deal; They’re no longer negotiating, unclear why talks broke down The world’s biggest exchanges are still looking for deals even though the merger of Deutsche Boerse AG and London Stock Exchange Group Plc was scuttled by European regulators. jlne.ws/2pxJcnX ****SD: Speaking of tie-ups, there was this story about a potential deal last week from Business Insider – TCI’s Chris Hohn on LSE – ICE deal The Mystery of the Stubbornly-Low Volatility Index Is Deepening Dani Burger…

Euro Hedging Costs Surge as Traders Respond to Political Risk; Understanding the Trump Rally; Taxes more than gains? Yes, if you don’t exit your options in time Newsletter,Options

Observations & Insight Take Our Survey – Again By Jim Kharouf, JLN Editor-in-Chief & CEO Sometimes these things happen. The link we provided yesterday only allowed one person to take the survey. We know there are more than one of you willing and able to take it. Here’s the link. Please take a few minutes to help us out about what you like and what you don’t like about our publications and websites. The questions are supposed to be fun, funny and for us, enlightening. It’s also a great place to leave us comments and suggestions for future content and…

Hedging demand perks up even as volatility craters; Derivatives market is short of a $3.7tn lifeboat; Trapped China Cash Breathes Life Into Hong Kong Yuan Banking Newsletter,Options

Lead Stories Hedging demand perks up even as volatility craters Saqib Iqbal Ahmed – Reuters Soaring U.S. share prices and plunging market volatility measures may paint a picture of optimism, but there are signs in the equity options market that investors have started to question how long this goldilocks period can last. jlne.ws/2lvZDxd Derivatives market is short of a $3.7tn lifeboat John Dizard – Financial Times For institutions that use derivatives, collateral put up by their counterparties provides the same reassurance lifeboats do on a ship. Unfortunately, for all the post-crisis reforms, it would appear that we are a couple…

Low VIX Masks Insurance Markup Options Traders Are Paying; 42% Rise for the SMLC Sentiment-Based Index That Analyzes Twitter Traffic; Finding Volatility in the US Markets Newsletter,Options

Lead Stories Low VIX Masks Insurance Markup Options Traders Are Paying Cecile Vennucci – Bloomberg Here’s another sign that beneath the surface of placid stock markets, investors aren’t exactly sound asleep. It’s the persistently high premium traders are paying for equity options, visible in the difference between implied and realized volatility in the S&P 500 Index. The gap, definable as the intangible cost of stock insurance over and above what is accounted for by the market’s swings, has now lingered for 51 trading days. jlne.ws/2lr71d6 ****SD: Volatility = rough play right now. Semi-related retail investor story below about the use…

Options on ETFs Are Too Big to Ignore; Trump-triggered trading bonanza looks set to continue; Demand for Disaster Protection Increases as CBOE SKEW Index Hits a Six-Month High Newsletter,Options

Observations & Insight Hungry for more: Dash Financial Sees Opportunity In A New Broker Landscape Jim Kharouf – JLN For some firms today, being young has its advantages. Dash Financial might just be one of those young and agile companies that can take advantage of the currents that are pushing and pulling the industry. jlne.ws/2iC5W4m ****SD: In case you missed it yesterday. Lead Stories Options on ETFs Are Too Big to Ignore Mary Savoie, Executive Director, OIC – OCC Some facts are too big to ignore and some trends too dramatic to dismiss. When you look at the growth of…