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Tag Archives: SEC

JLN Options: Brokers Face Off Against Exchanges at Today’s Senate Hearing Newsletter,Options

Lead Stories Brokers Face Off Against Exchanges at Today’s Senate HearingPeter Chapman, Traders MagazineRepresentatives from two exchanges and two broker-dealers will likely air their differences today during a hearing hosted by the Senate Banking Committee.http://jlne.ws/12AhROv Derivatives traders optimistic for 2013, according to Risk.net pollRisk.netThe majority of respondents to a Risk.net poll expect to make more money from derivatives trading next year, despite the onset of new regulations in 2013 and continuing problems in the eurozone.http://jlne.ws/ZiRC15**Nice to know that “things can’t get much worse than 2012.” — SR ‘Un-Volatility’ Funds Hit Fresh Lifetime HighsBrendan Conway, Barron’sThere’s an incredibly wide array of,…

JLN Options: European Trading Volumes Rise Before Last Options Expiry Newsletter,Options

Lead Stories European Trading Volumes Rise Before Last Options ExpiryNandini Sukumar & Adria Cimino, BloombergEuropean trading volumes surged as investors prepared for the last options expiry of 2012 amid optimism that U.S. President Barack Obama and Republicans will agree on a budget.http://jlne.ws/R3wl6T**  Where did the year go? –JB Credit Suisse To Reverse-Split TVIX  Cinthia Murphy, IndexUniverseCredit Suisse, the Switzerland-based investment bank and asset manager, will serve up a 1-for-10 reverse split on the VelocityShares Daily 2x VIX Short Term ETN (NYSEArca: TVIX) on Dec. 21, after the notes lost almost all their value in the past year.http://jlne.ws/R3w9Ex NYSE executive says exchanges…

JLN Options: MIAX Options Fast Out of the Gate Newsletter,Options

Lead Stories MIAX Options Fast Out of the GatePeter Chapman, Traders MagazineThe MIAX Options Exchange, the industry’s newest, is off to a strong start.The exchange trades only one options class—Cliffs Natural Resources—but has garnered between 3 percent and 6 percent of the volume in the name on the five days since it launched.http://jlne.ws/TWh1Ws So much uncertainty, so little volatilityMike Dolan, ReutersEquating economic uncertainty with financial market volatility this year would have been a dangerous game.Perhaps the biggest theme of 2012 for many asset managers was how waves of monetary policy easing from the world’s big central banks smothered market volatility…

JLN Options: Dividend Trades Cease at Three Options Exchanges Newsletter,Options

Lead Stories Dividend Trades Cease at Three Options ExchangesPeter Chapman, Traders MagazineThe controversial practice of dividend-capture options trading has ground to a halt at three of the four floor-based exchanges that have offered it. According to data published by the International Securities Exchange, dividend trade volume disappeared at NYSE Arca, NYSE Amex and Chicago Board Options Exchange in November.http://jlne.ws/12nLker**A victory for Gary Katz and the ISE — SR Hedge Funds Think the Fed Will Smother Market VolatilityBrendan Conway, Barron’sHedge funds are perfectly willing to take the other side of your bet on market volatility. In fact, Societe Generale’s strategists are…

JLN Options: Indian Options Grow Fastest in World as Sensex Tops BRICs Newsletter,Options

Lead Stories Indian Options Grow Fastest in World as Sensex Tops BRICsSantanu Chakraborty and Michael Patterson, BloombergIndia’s options market is growing at the fastest pace in the world, helping restore investor confidence in a stock market yet to recover from a 52 percent plunge during the global financial crisis.http://jlne.ws/YTkeO0 Here are Wall Street’s five worst trades of 2012Matt Phillips, Yahoo Finance1) The Whale2) The Facebook IPO3) Wall Street goes long Romney4) Giving money to John Paulson5) Knight Capital’s $440 million electronic oopshttp://jlne.ws/Z5L6JI** I know this is not strictly options related but interesting.  If any of you have some to add…

JLN Options: ETF That Bets Against VIX Rallies Over 200% in a Year Newsletter,Options

Lead Stories ETF That Bets Against VIX Rallies Over 200% in a YearJohn Spence, ETF TrendsA volatility-linked exchange traded product designed to move in the opposite direction of the VIX has more than tripled in price over the past year.http://jlne.ws/VPmcJO What The VIX Is Saying About The Fiscal CliffBig TrendsThe past few weeks have been full of a constant barrage of press conferences and public statements from the charlatans in Washington D.C.  Politicians cannot pass up a chance to get in front of the cameras and the media has used the “fiscal cliff” as a mechanism to scare average Americans…

John Lothian Newsletter: SEC to Lift Ban on Actively Run ETFs Using Derivatives; BSE eyes IPO next year, seeks $1 billion value; More Hedge Funds Shut Down John Lothian Newsletter,Newsletter

The SEC will switch off its ban on actively-managed ETFs that emphasize derivatives use. The operator of the Bombay Stock Exchange plans for a 2013 IPO. Several hedge funds, facing high levels of redemption, announce their intention to shut down in the near future. In First Read today, there’s another chance to watch our new video interviews from the recent SEFCON III convention.

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…

JLN Options: Cheap volatility, but big potential in China Newsletter,Options

Lead Stories Cheap volatility, but big potential in ChinaAndrew Giovinazzi, MarketWatchLook at the VIX inch up in the face of very slow market activity . After trading the S&P 500 on the CBOE when I was younger, I can tell you what that feeling is. The paper is very thin, and it is buying options out of fear. Liquidity providers keep raising the prices since they don’t want a large position right now waiting for some answer out of Washington.http://jlne.ws/YP6Vgr How Did Wall Street Do on Sandy? Jacob Bunge, The Wall Street JournalSecurities-market regulators are seeking details on the performance of…