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JLN Options: What Was Behind Yesterday’s Crazy S&P 500 Options Volume? Newsletter,Options

Lead Stories What Was Behind Yesterday’s Crazy S&P 500 Options Volume?   Adam Warner – Schaeffer’s Investment Research Strange volume in the S&P 500 Index (SPX) August puts yesterday, yowza. With the index in the 1,680 range, 29,000 of the August 1300 puts traded, 39,632 of the August 1250 puts traded, and 17,933 of the August 1200 puts traded. In fact, every put in the August series down to 1115 traded on the open. Even the August 500 puts traded! **Not sure where it all ended today but 2.5 hours into today’s trading 10 million options had been traded putting…

John Lothian Newsletter: Tokyo, Osaka Bourses Merge as Japan Exchange Group; Collateral clawback fears leave US pension funds unable to clear; Europe, Asia banks join U.S. in swap dealer line-up John Lothian Newsletter,Newsletter

Without fanfare, the stock exchanges in Tokyo and Osaka complete their merger and turn their collective eye toward TOCOM. New FCM-clawback provisions are leaving some pension funds out in the cold as clearing clients, amid fears that collateral posted by funds could disappear in an FCM collapse. Dozens of banks in the US, Europe and Asia sign on as registered U.S. swap dealers

John Lothian Newsletter: Exchanges hit again by trading error; Six Group on acquisition hunt; TSE’s Tender for Osaka Bourse Succeeds as Pledges Exceed Maximum John Lothian Newsletter,Newsletter

Nasdaq and other exchanges cancelled trades on Wednesday after bad orders caused prices to rise too far, too fast; perhaps adding a simple “CTRL+Z” to exchange trading platforms would be in order at this point.  Switzerland’s SIX Group has extra cash in its pocket and is looking at some kind of strategic acquisition.  The Tokyo-Osaka tieup continues forward, as the exchanges announce that TSE’s tender offer has succeeded.  In First Read today, John Lothian announces returning and renewing sponsors for MarketsWiki.

John Lothian Newsletter: TSE bid for domestic rival on knife edge; JPMorgan Shuts Europe Money Market Funds on ECB Rate Cut; Barclays Sued by Investor Over Alleged Euribor Actions John Lothian Newsletter,Newsletter

The Tokyo-Osaka exchange merger continues to hang in the balance, as the recent regulatory approval is followed by shareholder demands.  As European deposit rates go negative, JPMorgan Chase stops taking money market funds there, saying investors may not be able to make a profit. The first class-action lawsuit against Barclays has been filed.  In First Read, John Lothian says another farewell (no, not to this newsletter) and hints at a soon-to-come hello.