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How a volatility virus infected Wall Street Newsletter,Options

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Lead Stories How a volatility virus infected Wall Street; The collapse of a few small funds in February helped fuel a terrifying stock-market slide. Why? Robin Wigglesworth – Financial Times Music teacher Chris Pomrink was driving between two lessons outside Philadelphia, when a friend called with some distressing news: “Hey Chris, XIV is in trouble.” Pomrink, 30, checked his trading account. It was February 2 and XIV — an arcane, fiendishly complex financial security that he had sunk $2,500 into earlier that week — had indeed taken a beating. The “exchange-traded note”, or ETN, which allowed traders to bet on…

How a volatility virus infected Wall Street John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff At yesterday’s IFM Smart Financial Regulation Roundtable: Implications of Cryptocurrencies in Washington DC, Rostin Behnam, commissioner, Commodity Futures Trading Commission, was asked if he could change one thing about the crypto markets what would it be? He said it would be regulation of the cash crypto markets, although not necessarily by the CFTC.~JK Also, Angela Walch, associate professor, St. Mary’s University School of Law made one of the more stunning comments about the crypto markets, which she said feature several powerful so-called miners, dispelling the notion that these markets are decentralized and uncontrolled…

Cboe lawsuit; Background on LJM losses; Vol to stay? Newsletter,Options

Observations & Insight Access-Fee Pilot: Fewer Fees, More Fragmentation? Rob Daly – MarketsMedia The access-fee pilot proposed by the U.S. Securities and Exchange Commission may increase fragmentation in the equity markets as Cboe Global Markets considers launching two additional order books to offset the pilot’s fee caps and prohibitions. “We have six exchanges, but we use four for equities and four for options,” said Chris Concannon, president and COO of Cboe, during the National Security Traders Association’s 2018 Market Structure Symposium in Chicago. “I promised the industry previously that we would not light up those books, but with the access-fee…

Volatility Is Back. Scarred ETF Investors Aren’t Newsletter,Options

Lead Stories Volatility Is Back. Scarred ETF Investors Aren’t Asjylyn Loder – WSJ Exchange-traded products that enable investors to profit from wild price swings in stocks are enjoying big gains this year. But retail investors, who’ve been burned in the past by betting on volatility, are mostly steering clear of them. /jlne.ws/2v5pMvH Last commodities hedge funds go off beaten track Gregory Meyer – Financial Times Being a commodities hedge fund manager is an increasingly lonely pursuit. Specialists in fuels, crops and metals have been exiting and few new arrivals are taking their place. This class of traders once threw its…

Wall Street Is About to Answer the Good/Bad Volatility Question John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff Readers, we have an industry colleague, Tony DiBenedetto, who needs our help. Tony is a 35-year industry veteran who spent his entire career at NYMEX. After leaving the NYMEX six years ago he has had trouble finding full-time work. His wife is battling cancer and he is facing foreclosure on their home. A Go-Fund-Me effort has been started to raise $25,000 to help him. So far $18,980 has been raised. Please consider helping Tony. Click HERE to go to his Go-Fund-Me page.~JJL Additionally, a Go-Fund-Me page has been created for the family of…

Stock Market’s Soaring Volatility Mirrors 1987 Crash Newsletter,Options

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Observations & Insight The Spread – Week of 4/2 to 4/6 JohnLothianNews.com Lawsuits and volatility and a birthday – oh my! As volatility ebbs and flows in a year proving quite different from the previous one, JLN presents another episode of The Spread, our weekly options-related news recap. Watch the video and see the stories referenced here » ++++++ Developments in Trade Talks News Roundup What with tariff talk being such a driver of market-related conversation and an issue with numerous (and unknown) tentacles reaching all over the globe, we figured it apropos to include a brief roundup of some…

The Spread – Week of 4/2 to 4/6 Video,video

Lawsuits and volatility and a birthday – oh my! As the VIX ebbs and flows in a year proving quite different from the previous one, JLN presents another episode of The Spread, our weekly options-related news recap. The following are stories referenced in this week’s episode: -Press Release – Federman & Sherwood Announces Filing of Securities Class Action Lawsuit on Behalf of Investors in Credit Suisse VelocityShares Inverse VIX Short Term Exchange Traded Notes -Press Release – Robbins Geller Rudman & Dowd LLP Files VIX “Fear Gauge” Manipulation Class Action Suit against the VIX Exchange CBOE -Bloomberg – Nasdaq Options…

Investors Brace for More Turbulence; Bearish VIX?; Market disconnect Newsletter,Options

Observations & Insight Editor’s Notes JLN Staff -A new episode of The Spread will be available at the end of the day. Follow JLN Options on Twitter to keep up to date on our activity. #MadeAGoalToBeMoreActiveOnSocialMediaAndYesIKnowLongHashtagsAreCounterproductive -Always wanted to ask Nassim Taleb something? Now might be your chance to get a question answered as Tyler Cowen is polling his audience for ideas in preparation for an interview with Taleb.~SD – Yesterday marked the 228th birthday of the Philadelphia Stock Exchange (PHLX). The following comes from Daniel Carrigan, president of Nasdaq Futures, Inc.: “PHLX was formed to support a fledgling U.S….

Cboe News Day; SEBI Derivatives crackdown; Volatility a One-Sided Affair Newsletter,Options

Observations & Insight It’s Cboe News Time Apparently Spencer Doar – JLN A flood of news poured out of Cboe these last 24 hours. Much of it stems from continued integration and restructuring after the Bats deal. Then again, Cboe is celebrating the 25th anniversary of the VIX all month, so why not announce a bunch of stuff? (The announcement releases are all in our “Exchanges” section.) First came the announcement of a new Markets Division, bringing together the product, sales and business development units. Andy Lowenthal and Bryan Harkins will be co-heads of the unit. The next release was…