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Tag Archives: Trump

U.S. considering ‘material changes’ to ‘Volcker Rule’; Stock Bulls in Trump Country; Replacing Libor is harder in practice John Lothian Newsletter,Newsletter

First Read The Man Who Molded Chicago’s Merc; Leo Melamed, chairman emeritus of CME Group, helped make his company the world’s largest manager of financial exchanges. Now he’s focusing on the development of Asian markets Jacob Bunge – WSJ In 1939, Leo Melamed learned about the power of financial markets in a bakery in Vilnius, Lithuania. He was 7 years old, trying to use Polish money to buy a loaf of bread. Though Lithuania’s government had deemed the two countries’ currencies equal in value, the baker informed Mr. Melamed that he’d need two Polish zlotys for a loaf that cost…

Sailing the Chaos of a Trump Rally; Why A Trump Presidency is Fed Positive; Stock market struggles to extend last week’s postelection rally Newsletter,Options

Observations & Insight A Basel netting issue: Pushing for less burdensome capital requirements in the options market Spencer Doar – JLN The unintended consequences of financial regulation have been seeping into the markets since the first rule was made in the wake of the financial crisis. One prime example is the leverage ratio, which determines the required capital of general clearing members. The actual calculation of the capital requirement within the Basel III leverage ratio framework is a particular sticking point for the OCC. Right now, the Current Exposure Method (CEM) is used in the calculation, whereas the OCC and…

Hedges Hold as Global Markets Need Six Hours to Process Panic; Financial Models Go Haywire as ‘Tail-Risk Trump’ Lives Up to His Name; Wall Street rallies in volatile post-U.S. election trading Newsletter,Options

Observations & Insight What Just Happened? By Jim Kharouf, JLN It was after midnight and the realization that Donald Trump is going to be president of the United States stunned, saddened and angered me. This is what our great country has descended to – a nation of angry white people who voted more than the brown and black people. It’s quite simple really – more people loved Trump’s hate and BS than believed Hillary Clinton’s boring establishment BS. And so, here we are, on the precipice of all that is right with democracy and wrong with America. We’ll rationalize it…

Uneasy Calm Grips Markets Suddenly Silent Before U.S. Vote; Option Writing Mutual Funds Gain Fans in Volatile Times; Rates Are Poised to Rise But the VIX of Treasurys is Super Low – What Gives? Newsletter,Options

Observations & Insight Stepping Forward in London By John J. Lothian Well, it is about time. I will be delivering my first presentation as part of MarketsWiki Education World of Opportunity in London on Monday. Due to a scheduling conflict, Jock Percy of Perseus had to withdraw from the event on October 31. Stuff happens and you roll with it. So it will be my turn to step up and be a presenter. The question in my mind is whether I can keep my presentation in the 12 to 14 minute segments we allow the speakers. I am going to…