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Tag Archives: Wedbush

There’s a Big Technical Reason for Low Volatility in Stocks; Blame Twitter for the Death of Volatility?; Brokers Saddled with 75% of CAT Costs Newsletter,Options

Observations & Insight CBOE Lifer Ed Provost Reflects on Nearly 42 Years at the Exchange JohnLothianNews.com Ed Provost retired as CBOE president and COO after the completion of the Bats deal. It marked an end to a 40-plus year career at the exchange. One of 13 kids, Provost came from a largely musical family. He was always interested in markets due to his father’s rapt attention to early television coverage of stocks, and Provost thought he would go the traditional financial path by entering the banking industry. In the end, it was the chance choice of the then upstart CBOE…

It Ain’t Broke, but We Fixed it Anyway: A Letter to the Editor Blog,Commentary,Managed Futures,Regulation

Dear Sirs, Last week in this column, Jim Kharouf, one of my friends in the industry, referred to the “broken” FCM model. Having had a front row seat to the travails of operating an FCM over the past 10 years, I take exception to the word “broken.” While the FCM model has been bent, twisted, shaken and turned on its ear, Mark Twain said it best: “Reports of my death have been greatly exaggerated.” We all know what has happened to FCMs since business conditions began to change almost eight years ago. For me, the credit crisis began when Sentinel…

John Lothian Newsletter: CFTC reopens comment period for ‘position limit’ proposal; ‘Too big to fail’ worries reach clearing houses; Exchange row brews over ICE’s Libor fees John Lothian Newsletter,Newsletter

First Read Request for Public Director Nominations for NFA’s Board of Directors The terms of five of NFA’s current Public Representatives – Andrea M. Corcoran, Jim Marshall, Charles P. Nastro, Ronald S. Oppenheimer, and Michael R. Schaefer – are set to expire at the Board of Directors’ (Board) 2015 regular annual meeting. Furthermore, in keeping with NFA’s policy to have 35 percent of its overall Board composition represented by Public Directors, NFA will be seeking an additional Public Representative. Because public representation on NFA’s Board of Directors is an important matter, we ask that you give serious consideration to submitting…