Breaking News

Tag Archives: Tesla

Cross-Exchange Manipulation; Credit Suisse XIV Lawsuit Update JLN Options Newsletter,Newsletter,Options

Lead Stories CFTC Charges Futures Trader with Cross-Exchange Manipulation CFTC The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Davis Ramsey, a Florida-based futures trader, for employing a manipulative scheme to influence the prices of certain futures contracts traded on the Chicago Mercantile Exchange, Inc. (CME) and Commodity Exchange, Inc. (COMEX), both Designated Contract Markets operated by the CME Group, Inc. (CME Group), to impact the outcome of related binary contracts traded on the North American Derivatives Exchange (Nadex). /jlne.ws/2DDLATo ****SD: There are plenty of binary options enforcement actions today – more on…

CFTC and SEC Binary Options Enforcement Actions; SEC sues Tesla John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Part 2 of my interview with Eurex as part of their 20th anniversary celebration was published yesterday.~JJL Today is your last day to save on #FIAExpo registration. Keynote speakers include New Power author Jeremy Heimans and CFTC Chairman Christopher Giancarlo. ~JJL Bloomberg reported that Elon Musk Wanted to Impress Girlfriend With $420 Price, SEC Says.” No word on whether he first said, “Here, hold my beer and watch this!””~JJL The City of London plans to restrict traffic on some key roads in order to accommodate more people working in the area in coming…

Low Bond Vol Creates Trove of Cheap Bets; Wells Fargo/LJM Update JLN Options Newsletter,Newsletter,Options

Lead Stories Low Bond Volatility Creates Trove of Cheap Bets; Whatever happened to rising interest rates sparking market turbulence? Brian Chappatta – BloombergQuint The Federal Reserve is raising interest rates, and that’s going to increase volatility. Or at least that was the nearly unanimous view of investors worldwide heading into 2018. But aside from “volmageddon” in early February, that simply hasn’t been the case. Instead, the stock market’s fear index (formally the Chicago Board Options Exchange Volatility Index) is firmly below its five-year average. Interest rates are even quieter, with Bank of America Corp.’s MOVE index, which tracks price swings…

Trader’s Pile Into Bullish Bets; Tesla options action; Summer vol Newsletter,Options

Observations & Insight Wednesday’s Miscellany JLN Staff MLex has a (paywalled) story titled CFTC’s Giancarlo cites threat from China futures markets in bid for more money. Obviously it is a futures story, but I see it as indicative of the overall “threat” posed by the ongoing development of Chinese derivatives markets. Check out this Bloomberg/Saxo Bank chart of yuan denominated oil futures trading and you’ll see why Giancarlo said what he did. (Besides, the usual rhetoric about needing money to protect investors hasn’t worked for the CFTC’s budget so maybe some fear-mongering will.) Also see this Reuters story from May…

Go Ahead—Gamble on a Calm Market. What Could Go Wrong? Newsletter,Options

gamblers-wikimedia-thomas-rowlandson1

Lead Stories Go Ahead—Gamble on a Calm Market. What Could Go Wrong? Randall W. Forsyth – Barron’s Party like it’s 2017? Speculators are once again betting the stock market’s return to low volatility will persist despite the array of uncertainties it faces. Unlike last year, however, when amateurs piled into complex and risky exchange-traded funds that moved inversely to the VIX—the Cboe Volatility Index on options on the S&P 500—it’s professionals who have ramped up their short positions in VIX futures and options contracts his time. /jlne.ws/2HualOh ****JB: A fool and his money are soon parted. Betting Against Volatility Can…

CME to buy NEX; White House Amazon Whiplash Adds to Tech Volatility Newsletter,Options

Observations & Insight Editor’s Notes There will not be a JLN Options newsletter tomorrow, as major U.S. and European markets will be closed for Good Friday. Japanese and Taiwanese exchanges will be open. An interesting development in ags via USA Today – U.S. soybean acres planted to exceed corn acreage for the first time in 35 years. Hope everyone has a great holiday weekend and enjoys the start of the MLB season. (I’ll refrain from baseball partisanship – there are some office schisms…) Lead Stories Exchange operator CME Group to buy Britain’s NEX for $5.5 billion Noor Zainab Hussain, Sinead…

Patrick Thornton-Smith: Innovation – Cars and Fintech Blog,Commentary,Tech / HFT

The recent ‘Thompson Reuters 100 Global Innovators Study’ made some interesting reading. It made me think about how innovation principles from some seemingly unrelated businesses are interrelated, such as cars and fintech. Of the 100 firms in the Survey, 10 were from the automotive industry and I considered three background themes that supported the innovation claim. The first was around patents. No real surprise there as patents can turn great ideas into commercial successes. Look at the technological advances in hybrid and full electric power cars like Tesla that, initially, dominated the patent space in the sector. The floor to…