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JLN Options: ISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern Newsletter,Options

Lead Stories ISE Cancels Jumbo S&P 500 Options Debut on Liquidity Concern Nikolaj Gammeltoft, BloombergBusinessweekInternational Securities Exchange, the second-biggest U.S. options market, withdrew plans to trade larger-size options on the SPDR S&P 500 ETF Trust (SPY) amid concerns the contracts may threaten market liquidity.http://jlne.ws/14aVjnJ Court Won’t Block Vote on NYSE and ICE DealPeg Brickley, Dow Jones Newswires (via Fox News)A Delaware corporate-law judge on Friday refused to block the merger of NYSE Euronext (NYX) and Intercontinental Exchange Inc. (ICE), dumping a challenge by shareholders who argued the deal was flawed.http://jlne.ws/14aZ1xT The Most Valuable Formula Ever CreatedAlex Planes, The Motley FoolOn…

JLN Options: Corzine avoids lifetime futures ban, for now -regulator Newsletter,Options

Lead Stories Corzine avoids lifetime futures ban, for now -regulatorTom Polansek, ReutersA key U.S futures-market regulator said on Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.http://jlne.ws/YI2kJl **Nothing to see here.  Move along. –JB Hybrid Structured Note Sales Rise as Volatility Falls to LowKevin Dugan, BloombergU.S. banks sold $271.9 million of structured notes that are tied to multiple types of assets in February, the most in almost two years, as volatility fell to its lowest level since 2007.http://jlne.ws/YIbi9y SPX Weeklys –…

How the Presidential Election Impacts Dodd-Frank: UBS Lobbyist John Savercool Interview Interview,Regulation,Video

John Savercool

John Savercool, senior lobbyist and managing director of UBS Americas knows his politics. A 23-year veteran of Capitol Hill, Savercool recently spoke at the CTA EXPO in Chicago about the presidential election and prospects for Mitt Romney and President Obama next month. Savercool sat down with JLN editor-in-chief Jim Kharouf and spoke about the impact the presidential election will have on financial markets and Dodd-Frank, his expectations for coming Dodd-Frank rules, and what legislation is on his radar for next year. First Presidential Debate Both candidates addressed Dodd-Frank and financial reform at length during the October 3 debate. More on…

John Lothian Newsletter: CME tests support for aluminum contract to rival LME; UBS traders offered deal by U.S. in interest rate probe; SEC to hold post-Knight forum John Lothian Newsletter,Newsletter

CME Group considers building an aluminum contract to compete with a decades-old industry leading product at the LME.  US investigators into the LIBOR mess are said to be offering UBS traders immunity and protection deals in exchange for assistance in bringing down bigger game within the organization.  The SEC plans an industry forum to search for answers and solutions to high-frequency trading risks.  And in First Read, you’ll find cats dressed up in taco suits; an essay by Jon Matte in which he considers the case of Benjamin Lawsky vs. mutually-beneficial settlements; and a fresh MarketsWiki.tv interview with Eirvin Knox…

John Lothian Newsletter: SEC widens probe of exchange-traded funds; CME raises stake in Dubai Mercantile Exchange; UBS Launches New E-Trading Platform For Credit-Default Swaps John Lothian Newsletter,Newsletter

The SEC turns its attention to ETF trading practices, seeking a connection between hedge fund or high frequency trading and ETFs that do not settle properly.  CME Group buys a fresh chunk of the Dubai Mercantile Exchange.  UBS announces the launch of a credit default swap trading platform.  Greece and the Eurozone agree on bailout terms to at least temporarily hold off a Greek default.  Italy’s bourse announces that they will restrict high-frequency trading, while Sweden says they haven’t seen any significant damage from the practice.  The NFA and others are offering and considering proposals discussing MF Global and ways…

John Lothian Newsletter: NYSE Euronext and CME kick off race for LME; US Regulators Take Aim At Trades Made In Error; Traders Manipulated Key Rate, Bank Says John Lothian Newsletter,Newsletter

Reports are in that NYSE Euronext and CME Group (and possibly ICE) have made a bid for the London Metal Exchange. Regulators are expressing an interest in somehow regulating or punishing firms that let rogue orders into the market.  An unnamed bank in Canada allegedly named UBS, has told regulators there that traders were successful in manipulating LIBOR interest rates. In the top box, John Lothian writes about more fallout from MF Global (looks like nobody’s getting 1099 forms for last year); an article discusses customers who scrape excess funds out of their futures accounts each night, post MF Global;…

Trustee Releases List of the 50 Largest Unsecured Creditors of MF Global Blog

Louis J. Freeh, Chapter 11 trustee of MF Global Holdings Ltd., filed the list January 3rd. JPMorgan Chase tops the list with over $1.2 billion in revolving credit facilit7 debt. Other financial institutions include Wilmington Trust, Banco Monex, UBS and Citibank. Curiously, the global IT consulting firm Headstrong Services, LLC is owed almost $4 million in trade payable debt, good enough for number five on the list. Click here for the entire court document (PDF).