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Tag Archives: VIX

Hultgren Questions Powell On Options Market; Pound Volatility; VIX Futures Settlement Newsletter,Options

Observations & Insight Timely Capital Relief Comments from Fed Chair Powell or: The Options Market Stability Act Was On TV! Spencer Doar – JLN During Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill, Rep. Randy Hultgren asked Chairman Powell about targeted capital relief for bank-affiliated clearers of options liquidity providers. Recall that Rep. Hultgren authored legislation – the Options Market Stability Act – that just passed the House. That legislation seeks to provide relief for clearers by directing banking regulators “to consider a number of items including the availability of liquidity, the economic value of delta weighting and netting…

Banks’ sizzling derivatives trading; Options markets creeping fear Newsletter,Options

Observations & Insight June 2018 Global Derivatives Volumes via FIA ++++ Shortwave Trading – Part IV – Sleuthing Examples, Research Tools, Techniques, and Deputy Antenna Sleuth Homework Bob Van Valzah – Sniper In Mahwah After my first few public posts about shortwave trading, I gradually realized that I’d inadvertently created a worldwide network of deputy antenna sleuths. This is the final post in the Shortwave Trading series since the terms of my forthcoming employment agreement will prohibit me from future public talk on the technology of trading. I want to leave behind details on some of the research tools and…

Another Volatility-Linked Exchange-Traded Product Bites the Dust Newsletter,Options

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Observations & Insight Richard Elden, Innovative Hedge Fund Investor, Is Dead at 84 Matt Phillips – NY Times Richard Elden, a journalist-turned-investment manager who was an early investor in a number of notable hedge funds, died on June 27 at his home in Chicago. He was 84. /nyti.ms/2JtuJAh ++++ Theresa May’s steely warning to Tory rebels AND those bully boys from Brussels Daily Mail Online Our Brexit deal for Britain seizes the moment to deliver the democratic decision of the British people and secure a bright new future for our country outside the European Union. /dailym.ai/2Lnqk3u ****SD: This editorial from…

VIX lawsuit update; Treasury options; CCP margin Newsletter,Options

Lead Stories VIX MDL Lead Should Have Young, Diverse Attys, Judge Says Lauraann Wood – Law360 (SUBSCRIPTION) The Illinois federal judge overseeing multidistrict litigation over alleged manipulation of the Chicago Board Options Exchange’s volatility index told investors’ attorneys he’ll be looking for details on team diversity and the potential for “substantive work for junior attorneys” in any lead counsel applications they submit. /goo.gl/XRDRsz ****SD: Am I missing something? This feels like code for “please represent yourself with less experienced counsel”? That sounds good for the defense… Treasury Short Bets May Be on Borrowed Time Liz McCormick and Edward Bolingbroke –…

Treasury future and options trades favour lower yields Newsletter,Options

Observations & Insight OCC Statement On Passage Of H.R. 5749 Press Release “OCC and the U.S. Securities Markets Coalition applaud passage of H.R. 5749, the Options Markets Stability Act. Passage of this legislation, sponsored by Representatives Randy Hultgren (R-IL) and Bill Foster (D-IL), is an important step forward in helping ensure that market makers can provide vital liquidity for investors who use the U.S. equity options markets to help manage their financial risk. OCC appreciates the leadership of Representatives Hultgren, Foster, House Financial Services Committee Chairman Jeb Hensarling (R-TX), Ranking Member Maxine Waters (D-CA) and the other members of the…

IEX hires former ISE executive Ilyevsky to lead market development Newsletter,Options

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Observations & Insight EU Parliament and ECB Taking a Look At Cryptocurrencies Thom Thompson – John Lothian News Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.” There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing…

Another Option (Literally) for Trading with TT: Introducing Options on TT Newsletter,Options

Observations & Insight Boris Johnson quits to add to pressure on May over Brexit BBC Boris Johnson has resigned as Foreign Secretary amid a growing political crisis over the UK’s Brexit strategy. He is the second senior cabinet minister to quit within hours following Brexit Secretary David Davis’s exit. /goo.gl/GXNwnM ****SD: Wow. Just wow. Lead Stories Another Option (Literally) for Trading with TT: Introducing Options on TT Bernie Schwartz – TT Last month, buried far beneath headlines on widely covered legislative battles, a relatively minor bill quietly made its way out of the U.S. House Financial Services Committee and onto…

It’s WAR! Newsletter,Options

Observations & Insight TGI (Tariff) Friday SD – JLN Round 1 of the official tariff tiff began last night. How are you feeling? While foot traffic has diminished in downtown Chicago this week as vacations take their toll on active headcount and the usual “summer quiet” stories making the rounds, I don’t feel lulled (other than the dearth of options specific news). The “lack of lull” feeling isn’t totally out of place. Daily notional turnover on U.S. NMS exchanges in June was $350.1 billion compared with a summer norm of <$300 billion. (July has been slower thus far.) “China this,…

Derivatives Hiring Spree; Barclays Trader’s Options Fraud Case to Continue Newsletter,Options

Observations & Insight OCC Cleared Contract Volume Up Six Percent in June OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in June reached 409,115,041 contracts, up six percent compared to June 2017 volume of 387,597,223. OCC’s year-to-date average daily cleared contract volume is up 22 percent with 21,012,628 contracts compared to 17,174,603 contracts in 2017. /jlne.ws/2z6bg8U ++++ June 2018 Options Exchange Marketshare via OCC ++++ July 4: Which markets are closed? Leia Klingel – Fox Business July 4 falls midweek this year, which means trading volumes could be lower than usual for…