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Tag Archives: SGX

Shortwave trading; Robinhood’s $2b a day options biz; Mammoth bond wager Newsletter,Options

Observations & Insight A little-known business at Robinhood has exploded, and now it’s launching a service to go after the most serious traders Frank Chaparro – Business Insider Prime (SUBSCRIPTION) Robinhood’s options-trading business is exploding, according to Chris O’Neil, a product manager at the California broker. Now the firm, which says it has seen $2 billion in options-trading volumes since launch, is upping the ante with the rollout of multileg options. The move shows the company is seriously going after the business of more experienced traders, says Devin Ryan, an analyst at JMP Securities /goo.gl/C2CX83 ****SD: First of all, not…

No rejoicing yet over Volcker ; Options liquidity concerns Newsletter,Options

Observations & Insight Vela’s Plans Post-Acquisitions JohnLothianNews.com In this video from the 36th annual Options Industry Conference (OIC) in Amelia Island, Fla., Vela CEO Jennifer Nayar talks about where the company sees opportunity after its acquisition of OptionsCity and Object Trading in the summer of 2017. Watch the video here » ****SD: Other Vela news this week – Alexandria McGrath of Vela recognized as a Rising Star; CEO Jen Nayar also named Woman of the Year by Markets Media Lead Stories Why Wall Street Traders Aren’t Rejoicing (Yet) Over Volcker Rule Yalman Onaran – Bloomberg Wall Street has long derided…

Italian market chaos; Vix-mageddon revisited Newsletter,Options

Observations & Insight The Spread – Week of 5/21 to 5/25 JohnLothianNews.com Reviews of “The Spread” are in! “You look better in blue.” – Host’s mom “I guess I like it – I just don’t understand what you’re talking about.” – Old college friend “I prefer the book.” – Random millennial “It’s better than most other stuff.” – Biased observer Watch the video and see the stories referenced here » ++++++ Markets Convulse as Italy Is Seen on Course for New Elections Anooja Debnath, Chiara Remondini and Stephen Spratt – Bloomberg Sovereign bonds, stocks decline after erasing opening rallies; President…

Tech finally disrupting bond markets; Eurex tapped for Dutch IRS swaps clearing John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff On this day in 1973 the Black-Scholes options pricing formula was published – trivia courtesy of John Nelson, president and founder of The Applied Research Company.~SD Also on this day, Buffalo Bill’s Wild West show opened in 1887, which is not related to options but maybe volatility.~JJL Elizabeth Lan Davis, a former chief trial attorney at the Commodity Futures Trading Commission (CFTC), and Brian Walsh, both of the law firm of Murphy & McGonigle, wrote a commentary for JLN titled “CFTC Division of Enforcement Trends.”~JJL CME Group WTI Futures hit record open interest…

How a volatility virus infected Wall Street Newsletter,Options

virus

Lead Stories How a volatility virus infected Wall Street; The collapse of a few small funds in February helped fuel a terrifying stock-market slide. Why? Robin Wigglesworth – Financial Times Music teacher Chris Pomrink was driving between two lessons outside Philadelphia, when a friend called with some distressing news: “Hey Chris, XIV is in trouble.” Pomrink, 30, checked his trading account. It was February 2 and XIV — an arcane, fiendishly complex financial security that he had sunk $2,500 into earlier that week — had indeed taken a beating. The “exchange-traded note”, or ETN, which allowed traders to bet on…

Cboe lawsuit; Background on LJM losses; Vol to stay? Newsletter,Options

Observations & Insight Access-Fee Pilot: Fewer Fees, More Fragmentation? Rob Daly – MarketsMedia The access-fee pilot proposed by the U.S. Securities and Exchange Commission may increase fragmentation in the equity markets as Cboe Global Markets considers launching two additional order books to offset the pilot’s fee caps and prohibitions. “We have six exchanges, but we use four for equities and four for options,” said Chris Concannon, president and COO of Cboe, during the National Security Traders Association’s 2018 Market Structure Symposium in Chicago. “I promised the industry previously that we would not light up those books, but with the access-fee…

Nassim Taleb Interview; Temenos and Fidessa deal?; The War On VIX Newsletter,Options

Observations & Insight The Spread – Week of 2/12 – 2/16 JohnLothianNews.com Manipulating, gaming, rigging – that’s the nature of VIX talk this week. But before we get to those allegations in this week’s options recap, we cover a few other stories that didn’t get as much press. Watch the video here » Lead Stories The age of uncertainty: chaos theorist Nassim Nicholas Taleb reveals how to survive the Trump era Josh Glancy – The Sunday Times From reading his books, I expected Nassim Nicholas Taleb to be angry, obnoxious and vitriolic. I was anticipating a man who would preach…

OCC plans cash management fee; Short-vol crushed in January; Selling time to traders Newsletter,Options

Observations & Insight Slippery Slope: Let’s Let Markets Decide On New Contracts Jim Kharouf – JLN Do exchanges need further regulation on the contracts they launch? That is the question the Commodity Futures Trading Commission is addressing now with the so-called self-certification process for new contracts. Exchanges have not faced this type of scrutiny over the launch of a new product in recent history until Bitcoin. Several new contract ideas have been squashed by legislation or regulation, including movie futures and onion futures way back when. But for the most part, exchanges are allowed to introduce new contracts as they…