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Tag Archives: volatility

Controversial US derivatives rules resurface; Options transparency problems Newsletter,Options

Observations & Insight Tuesday’s Miscellany Spencer Doar – JLN Via Jim Kharouf – Longtime options industry executive Kevin Murphy has written a new book, The Three Rooms, which focuses on helping increase awareness of your own thoughts and emotions. Can’t wait to read it. E*TRADE reported its July activity. DARTs were down 8 percent from June but up 20 percent from a year ago. Derivatives represented 34 percent of DARTs. A PowerPoint presentation from the CAT NMS, LLC Operating Committee covering recent Consolidated Audit Trail updates can be found here. Employee stock options are not normal fodder for this newsletter,…

OCC’s move to ‘Cover 2’ won’t cost members more, CRO says Newsletter,Options

Observations & Insight The Spread – 8/10 – Pump up the Vol(ume) JohnLothianNews.com In this week’s recap of happenings in the options world we delve into some confusing terms, Spinal Tap and Recep Erdogan’s plight. Watch the video and see the stories referenced here » ++++ Turkey’s Collapse Sinks Emerging Markets on ‘Manic Monday’ Rita Nazareth and Ben Bartenstein – Bloomberg (SUBSCRIPTION) Turkish measures could be too little, too late, analysts say; Argentine century bond yield surges to 10% as peso tumbles Turkey’s market carnage rippled across emerging markets, sending both stocks and currencies toward their lowest levels in a…

Trader’s Pile Into Bullish Bets; Tesla options action; Summer vol Newsletter,Options

Observations & Insight Wednesday’s Miscellany JLN Staff MLex has a (paywalled) story titled CFTC’s Giancarlo cites threat from China futures markets in bid for more money. Obviously it is a futures story, but I see it as indicative of the overall “threat” posed by the ongoing development of Chinese derivatives markets. Check out this Bloomberg/Saxo Bank chart of yuan denominated oil futures trading and you’ll see why Giancarlo said what he did. (Besides, the usual rhetoric about needing money to protect investors hasn’t worked for the CFTC’s budget so maybe some fear-mongering will.) Also see this Reuters story from May…

Traders to get VIX advisory notices; Exchange stats; More liquidity concerns Newsletter,Options

Observations & Insight Joe O’Neill, New York Commodity Exchange(s) Executive, Passes Away By John Lothian Longtime New York commodity exchange executive Joe O’Neill passed away on August 4, 2018 at the age of 74. This plain statement tells little of a life lived in the most colorful of times in New York commodity exchange history or a career that included launching the first financial futures (before CME/IMM by 2 years), the creation of the Dollar Index Contract (with the help of Paul Tudor Jones) and being the consultant for the futures trading aspects of the script of the hit movie…

OCC Clears the Path to Greater Capital Efficiencies for Clearing Firms in U. S. Exchange-Listed Options Markets Newsletter,Options

Observations & Insight Trump’s trade ‘extortion’ won’t work, China state media says Andrew Galbraith, Michael Martina – Reuters Chinese state media on Monday lambasted U.S. President Donald Trump’s trade policies in an unusually personal attack, and sought to reassure investors anxious about China’s economy as growth concerns battered its financial markets. /jlne.ws/2OKbxSy ****SD: Also see CNBC’s Beijing is more worried about domestic issues than its trade war with Washington, research firm says and Bloomberg’s chart recap Here Are the Shots Fired So Far in U.S.-China Trade War Lead Stories OCC Clears the Path to Greater Capital Efficiencies for Clearing Firms…

OCC Investigated; Monthly Industry Stats; NSE Scandal; GAM’s Bond Problems Newsletter,Options

Observations & Insight Options Exchange Market Share for July (via OCC) ++++++ OCC Cleared Contract Volume Up 15 Percent in July OCC OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in July reached 373,984,999 contracts, up 15 percent compared to July 2017 volume of 324,718,888. OCC’s year-to-date average daily cleared contract volume is up 21 percent with 20,551,805 contracts compared to 17,045,133 contracts in 2017. /jlne.ws/2OBMIbF Lead Stories Regulators Probe Options Market’s Major Clearinghouse Gunjan Banerji and Dave Michaels – WSJ The probes from the Securities and Exchange Commission and Commodity Futures Trading…

Liquidity the next meltdown trigger; Quantlab “coup”; China’s puttable bonds Newsletter,Options

Observations & Insight RCM Alternatives Infographic – Top 100 Managed Futures Programs ****SD: RCM Alternatives put together this cool infographic covering the big players in managed futures. You’re going to want to click the image to blow it up. Lots of details in there. The largest vol fund – Catalyst Hedged Futures Strategy from Catalyst Capital Advisors – comes it at 26th overall. ++++ Tuesday’s Miscellany Spencer Doar – JLN On August 7, the FIA will host a webinar covering futures and options volume trends in the first half of 2018. You can register here. According to Amir Khwaja of…

Seth Golden still betting on calm; Derivatives ready for low touch? Newsletter,Options

Observations & Insight Tuesday Miscellany Spencer Doar – JLN Our video of the day is of Maura Cunningham’s MarketsWiki Education talk in New York. She is the founder and executive director of Rock The Street, Wall Street, a nonprofit focused on financial literacy for young women. Why is this important? Two out of three women report knowing little about finance. Moreover, 80 percent of teachers self report feeling incapable of educating young people about personal finance. All eyes are on Apple right now. According to the OIC, NYSE’s new FANG+ index options have traded 11 contracts today. Now would be…

OCC Financial Safeguards Framework Approved by SEC Newsletter,Options

Observations & Insight The Spread – Rimshot Please – 7/27 JohnLothianNews.com We’ve added more props for this week’s episode of “The Spread” for your viewing pleasure! Watch the video and see the stories referenced here » ++++++ Monday Miscellany Spencer Doar – JLN Russell Rhoads has left the Cboe after a decade with the exchange and starts a new role today with the TABB Group. Priceonomics posted a blog about which companies in the S&P 500 generated the most revenue per employee (RPE) in 2017. 13 of the top 20 companies belong to the energy sector – Valero is #1…