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Tag Archives: VIX

JLN Options: Senator questions widespread tax dodges used by wealthy; Hedge fund failures not enough to stop asset inflows in 2015 – survey; How Unusual is the Current Volatility Lull? Newsletter,Options

Lead Stories Senator questions widespread tax dodges used by wealthy Mark Schoeff Jr. – Investment News The top Democrat on the Senate tax-writing committee called Tuesday for curbing complex investment tactics that help high-net-worth investors lower their taxes. A report released by the Democratic staff of the Senate Finance Committee outlined several investment instruments — such as options, derivatives and swaps — that can be used to skirt “tens of billions of dollars” in taxation. It asserted that reining them in through legislative and regulatory changes would make the tax code fairer. jlne.ws/1AILF9J ***DA: Ask 100 people to define “fair…

JLN Options: Traders Brace for End of Quiet After VIX’s Biggest Drop Newsletter,Options

Observations & Insight OCC Announces Cleared Contract Volume Declined 13% in February CHICAGO (March 2, 2015) – OCC announced today that total cleared contract volume in February was 306,531,839 contracts, a 13 percent decrease from the February 2014 volume of 350,507,077 contracts. OCC’s year-to-date average daily cleared contract volume is down 9 percent from 2014 with 17,049,163 contracts. Options: Exchange-listed options volume reached 302,527,974 contracts in February, a 12 percent decrease from February 2014. Equity options volume for the month was 275,262,981 contracts, a 10 percent decrease from February 2014. Average daily options volume this year is down 8 percent…

JLN Options: Volatility no bar to cross-border mergers, says Goldman Sachs’ David Solomon; Dollar Falls on Yellen’s Rate Plans as Currency Volatility Drops; U.S. Options Buy-side Behavioral Responses to Shifting Liquidity Newsletter,Options

Observations & Insight Building Bricks: T-Bricks Could Be New Cornerstone For ORC JohnLothianNews.com Jonas Hansbo and his team left ORC in 2006 to focus on his own brand of trading and financial technology with a startup called T-Bricks. But Hansbo and his colleagues were brought back to the mothership in January when when ORC purchased T-Bricks. Now, Hansbo said the two firms will bring their respective strengths together. “ORC has been evolving since we left it, and very much focused on reinventing their electronic trading platform for connectivity and electronic execution,” Hansbo said. “So what we thought would be a…

My Realization: BOX and VolX Team Up to List Options on RealVol SPY Index Blog,Commentary,Options

Doug Ashburn

When assessing actual exposure in the market, why does the listed world use measures of implied volatility? That is the question VolX CEO Bob Krause asks to anyone who will listen. Why, he wonders, is the listed derivatives market dominated by the VIX, a measure of 30-day volatility expectations? The standard in the OTC market, by contrast, is the variance swap – a contract where the payoff is in terms of actual movement in the underlying (“realized volatility” if you will). He says the OTC market is doing it right, in that participants are hedging actual market exposure with actual…

Livin’ The High Life: CBOE posts solid 2014, looks to global growth in 2015 Financials,Options

The Chicago Board Options Exchange held its annual Chicago press lunch yesterday. Among the highlights of the company’s success in the past year were these: 2014 volume was up 11 percent, to 1.3 billion contracts, outpacing the industry average of 4 percent. VIX options’ ADV was 632,000 contracts, while VIX futures ADV was 201,000. Its SPX Weeklys continued to show great growth, up 38 percent with an ADV of 272,277. CBOE’s shareholder return in 2014 was 25 percent, and the stock hit an all time high of $68 last Thursday. CBOE had total market share of 28.6% compared to 27.5%…

JLN Options: “Fear gauge” drops as sentiment ameliorates; Derivatives Show Traders Are Undeterred on Rates by FOMC Minutes; What’s Next for VIX and Oil Volatility? Newsletter,Options

Observations & Insight Why the Daleks and Vogons were right about financial markets by Steve Grob, Fidessa An interesting debate broke out here at Fidessa Towers this morning concerning the infamous Sci-Fi phrase “resistance is useless”. Should it be attributed to Dr Who’s nemesis, those metallic, warbly-voiced Daleks, or to the slug-like, green-skinned Vogons that appear in Douglas Adams’ The Hitchhiker’s Guide to the Galaxy? Anyhow, whilst folks furiously searched Google for the answer it got me thinking about the contrast between resistance and true resilience. The difference is more than just semantics. Resistance is all about hardwiring pre-programmed responses…

JLN Options: S&P 500 record runs are small but steady; Why It’s So Tricky to Time Volatility Spikes; Oil VIX Is Up 209% and Brazil VIX Is Up 45% in 2014 Y-T-D Newsletter,Options

Observations & Insight Wrapping it Up Doug Ashburn – JLN Today’s newsletter features a snapshot of volatility from several asset classes – equities, oil and gold to name a few – and also includes a bit of a look-back on 2015, as many of our regular resources use this period to publish their year-end reviews. Today we feature part I of CBOE Options Hub’s 2014 volatility review. Mr. Moran features a series of five charts that nicely sum up volatility, volume, skew and term structure. Also, we re-feature one of our best MarketsWiki Education videos from this past summer –…

Better Volatility: Scott Nations and ISE Look to Launch a Better Volatility Contract Interview,Video

There is a regular drum beat in the financial services arena about a “new asset class” or the “next asset class”, many of which really aren’t actually new. In recent years, volatility has checked most, if not all, of the boxes for a new asset class. The space has been dominated by the CBOE Volatility Index, better known as the VIX or “fear gauge.” But now a new volatility instrument has emerged, the VolDex, which teams Chicago-based options index firm NationsShares with the International Securities Exchange (ISE). Scott Nations, president and CIO of NationsShares, says his VolDex index, on which…

Hands-On: Alan Knuckman Demos the Incight Video Aggregation App Interview,Tech / HFT,Video

In today’s Internet age, more news organizations and other companies are using videos to share financial news and information. Alan Knuckman, a partner at Incight, says about 84 percent of Internet traffic will be in the form of video. He says that for many, it is a faster alternative to constantly monitoring the news on television, where you may have to sit through several hours of programming to find one piece of information . The increase in video is also a result of the big changes in the financial industry. Electronic trading has replaced the floor, where traders would congregate in one place and share information. However, that model…