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Tag Archives: VIX

NSE derivatives accessible to US clients; Shanghai copper options; Fresh vol bets Newsletter,Options

Observations & Insight Michael Lewis’ Wall Street Movie ‘Flash Boys’ Heads to Netflix Dave McNary – Variety Netflix has acquired movie rights Michael Lewis’ real-life financial drama “Flash Boys: A Wall Street Revolt” — a project that had been in development at Sony Pictures in 2014. bit.ly/2rTNoOS *****SD: Tagline – “Based on a book that made market makers start calling themselves electronic liquidity providers.” Lead Stories NSE derivatives access to US clients enabled Times of India The National Stock Exchange of India (NSE) on Friday said it has become the first Indian stock exchange to be part-30 exempted by the…

Papal comments; VIX settlement w/o the complaining; Barrier reverse convertibles Newsletter,Options

Observations & Insight Pope Calls Derivatives Market a ‘Ticking Time Bomb’ Sridhar Natarajan – Bloomberg Warren Buffett once called them “financial weapons of mass destruction.” Now Pope Francis, of all people, is taking aim at derivatives. /bloom.bg/2L65vKa *****SD: I thought Warren Buffett talking to Katy Perry about bitcoin was weird… But then again, I heard the pope was reading the new Dan Brown book “Disciples and Derivatives.” (Btw, he’s talking about credit default swaps, not derivatives markets overall.) Perhaps the oddest part from the so-called Holy See Press Office’s release, is the overuse of the qualifier “so-called.” There are four…

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

JLN Options: Volcker Rule Rewrite; Thomson Reuters moving FX derivs to Ireland Newsletter,Options

Lead Stories Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say Jesse Hamilton and Benjamin Bain – Bloomberg Wall Street is poised to get a big reprieve from the Volcker Rule, as U.S. agencies prepare to scrap a restrictive presumption that most short-term trades violate the post-crisis regulation, three people with knowledge of the matter said. In a much-anticipated overhaul, the Federal Reserve and other regulators are planning to drop an assumption written into the original rule that positions held by banks for less than 60 days are speculative — and therefore banned, the people said. Instead, banks…

Mexico Takes First Steps in Annual Oil Hedging Program Newsletter,Options

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Observations & Insight The Options Industry Leader Series 2018 – Nasdaq’s Kevin Kennedy Brought to you by the OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered low volatility, Nasdaq’s proprietary product suite and capital requirement issues. Watch the video here » ++++++ Ibbo’s Kilt Challenge By Mark Ibbotson I am wearing a kilt to the IDX 2018 Gala for Futures for Kids because I believe in this charity’s mission! Each year, FIA hosts the IDX Gala…

Robinhood evaluation?!?; VIX rigging talk Newsletter,Options

Observations & Insight Chicago Venture Capital Firms Are Funding Fintech Sarah Rudolph – JLN Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe…

Goldman blames mom-and-pop investors for volatility; Five of the largest US FCMs lose customer business Newsletter,Options

Lead Stories Goldman blames mom-and-pop investors for volatility in stocks Ryan Vlastelica – MarketWatch The U.S. stock market has seen volatility rear up in 2018, with major indexes experiencing wild swings on a nearly daily basis. There have been a number of causes often cited for the recent bout of turbulence, including concerns over inflation, geopolitical uncertainty, and the first-quarter earnings season, but one of Wall Street’s most prominent investment banks fingers one key culprit: Main Street. /on.mktw.net/2KOoDfL ****SD: It would be a different world if the Mackay classic had been titled “Extraordinary Institutional Delusions and the Madness of Professionals,”…

VIX Isn’t Broke; CAT Privacy Bill; WMDs for next crash Newsletter,Options

Observations & Insight The State of Options Market Making in One Image; Happy 45th Anniversary of the Black Scholes Formula At the Options Industry Conference in Amelia Island, Fla., Trade Alert President Henry Schwartz gave his annual “State of the Industry” presentation. The presentation is always chock full of great graphs and information – the word cloud image above is always a favorite. In the picture, liquidity providers are sized according to their industry presence – the bigger the firm’s book, the bigger its name appears. Schwartz said Susquehanna is not sized to the same scale as the rest because…

Trump-Iran Showdown and Oil Options; Need a CAT “Tsar”; 3% Bond Yields Newsletter,Options

Lead Stories Trump-Iran Countdown Finds Investors More Bearish in Oil Options Todd White and Alex Longley – Bloomberg Volatility has jumped for both bullish and bearish options; Demand for protection against a slump rose in recent days In the hours before President Donald Trump announces to the world whether he pulls the U.S. out of the Iran nuclear agreement, bears are driving the oil options market. /goo.gl/tRJujV ****SD: Sources are reporting he’ll leave the accord. CAT ‘Tsar’ May be Required to Break Gridlock James Rundle – WatersTechnology Regulators may need to step up their efforts to push forward on the…