HKEx Announces Stock Options Revamp
Mary Swire, LawAndTax-News.com
Hong Kong Exchanges and Clearing Limited (HKEx) is to revamp its stock options market in a range of areas, from product design and fees to market making, with effect from May 2 this year, in response to growing market interest in the product.
http://jlne.ws/Z3z2H0 Continental drift: will derivatives shift to Asia?
Future and Options Intelligence
The global resurgence of volumes in 2013 has affected twice as many Asian exchanges than European, which helps to account for why western eyes are fixed firmly on the east writes Jonathan Watkins.
http://jlne.ws/Z3zPHS Dr. Ben Kicks VIX ETFs In The Face
Wall Street Sector Selector
The VIX Index and VIX ETFs got kicked in the face today* after the Fed’s announcement that quantitative easing will continue for the foreseeable future. The VIX Index dropped 11.95% to close at 12.67, while the iPath S&P 500 ETF (NYSEARCA:VXX) lost 5.27% and the VelocityShares Inverse VIX Futures ETN (NYSEARCA:XIV) added 5.41%.
* NOTE: “Today” was actually yesterday, March 20, 2013. -JB S&P 500 Beating All 15 Hedge Fund Strategies in 2013
Jacob Wolinsky, ValueWalk
S&P 500 still reigns supreme even as the hedge fund industry extends its winning streak; against a backdrop of rising stock markets in developed countries, most hedge funds posted positive performances in February according to the latest report from Natixis.
http://jlne.ws/13g0rux U.S. bank trading revenue rose 73 percent in 4th quarter -OCC
Trading revenue at U.S. banks increased 73 percent last quarter, on a surge in trading of over-the-counter interest rate derivatives, according to a report on Wednesday by the Office of the Comptroller of the Currency.
http://jlne.ws/13fUw8N High Frequency Trading: A Plea for a Pause
D. Keith Ross, CNBC
Increased speed has brought considerable benefits to today’s equities markets, but the myopic focus on trading speed and electronic efficiency has blinded most of today’s participants to the potential value of re-introducing an effective tool of yesteryear: A brief pause of a buy order which gives the broker the chance to ask the question “What’s the market?”
http://jlne.ws/Z3tUm4 Bears Trot Out Cyprus In Vain Attempt To Derail Bulls
Scott Martindale, Seeking Alpha
Well, you gotta hand it to the bears; they are pulling out all stops in their effort to derail the bull train, just as the S&P 500 tries to eclipse its all-time high.
ExchangesICE Asks EU to Take NYSE Euronext Deal to Avoid Multiple Probes
Aoife White, Bloomberg
IntercontinentalExchange Inc. (ICE) asked the European Union to review its plans to buy NYSE Euronext to avoid separate probes in three countries.
http://jlne.ws/13fVOAv NYSE Euronext and Vigeo launch ESG indices
Press Release (NYSE Euronext)
To promote and support responsible investment (RI), NYSE Euronext (NYX), the world’s largest exchange group, and Vigeo, the leading European expert in responsible performance, have teamed up to launch a range of indices focusing on the three pillars of RI: the environment, social issues and governance (ESG).
http://jlne.ws/1025U1E CME Group explores sales of Kansas City, New York buildings
Tom Polansek, Reuters
CME Group Inc said it plans to sell the building that houses its grain exchange in Kansas City, Missouri, and may also sell the building which houses its energy trading floor in New York.
StrategyCalm Down, Everyone: Low Volatility Investing Strategies Are Killing It
Xavier Brenner, Market Playground
The once-enshrined investing maxim that there’s no high reward without high risk is getting a serious rethink these days from both finance academics and stock market investors. As I noted earlier this month, the conventional wisdom that volatility creates attractive investing opportunities isn’t always the case if you examine the historical data.
http://jlne.ws/Z3DYM0 Everything You Need to Know About Mini Options
Jeff Macke, Yahoo Finance
NYSE Euronext (NYX) launched mini option contracts on five of the most actively traded stocks and exchange traded funds on March 18th. The move enables NYSE Arca and Amex customers to trade options in smaller blocks than before, thus enabling investors with limited capital to trade options on higher priced issues without taking outsized risks.
http://jlne.ws/13fYOgl Are Mini Options a Good Deal for Retail Investors?
Jeff Uscher, Money Morning
Before the introduction of mini options, an investor with only 10 shares of Google could not buy an out-of-the-money put to hedge a position or write a call option against shares without incurring unreasonable risk.
Let’s look at the example of an investor – let’s call her Sue – with 10 shares of Google in an account with a total value of $25,000.