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Options Education Goes Mobile: How Mat Cashman Is Bringing Wall Street to Your Pocket

Options Education Goes Mobile: How Mat Cashman Is Bringing Wall Street to Your Pocket

In the dynamic world of financial derivatives, Mat Cashman of the Options Industry Council (OIC) is on a mission to demystify the complex realm of options trading. As part of the OIC’s investor education team, Cashman is at the forefront of a digital revolution in financial literacy, adapting to the changing habits of a new generation of traders.

“We’re seeing a mirror of what’s happening in the entire industry—the democratization of access to information,” Cashman explains, noting the shift towards mobile-based trading. With 97% of options trades on some platforms now executed via smartphone, the OIC is pivoting to meet traders where they are: on their phones, with attention spans shrinking by the minute.

OCC’s Tech Overhaul Poised to Reshape Options Trading

OCC’s Tech Overhaul Poised to Reshape Options Trading

In the heart of Asheville, NC, in a quiet corner of the bustling Options Industry Conference, Mike Hansen, the chief clearing and settlement services officer of the Options Clearing Corporation (OCC), sat down for an interview with John Lothian News for the JLN Industry Leader video series sponsored by the OCC. His demeanor was calm, but his words carried the weight of an industry on the cusp of significant change.

Hansen, a veteran with over two decades in the options industry, is at the forefront of several transformative initiatives. As the Dallas site leader for OCC, the world’s largest equity derivatives clearing organization, he’s overseeing a technological revolution that promises to reshape the landscape of options trading.

My Skepticism Persists Despite BlackRock’s Larry Fink Reversing Stance, Declaring Bitcoin a Legitimate Financial Instrument

My Skepticism Persists Despite BlackRock’s Larry Fink Reversing Stance, Declaring Bitcoin a Legitimate Financial Instrument

The CoinDesk story that reported that BlackRock’s Larry Fink has declared that bitcoin is a legitimate financial instrument struck a sour note with me. It was just seven years ago, before BlackRock’s Bitcoin ETF hit $21 billion in equity since its launch in January of this year, that Fink was not a bitcoin fan. BlackRock may have $10.6 trillion in assets under management, which gives Fink headlines and gravitas, but his declaration is still just an opinion. 

In 2017, Fink, the CEO of BlackRock, had a notably different and critical view of bitcoin, describing it as “an index of money laundering.” This stance reflected a broader skepticism about the cryptocurrency, which he perceived as being associated with illicit activities.

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

In an interview at the Options Industry Conference in Asheville, NC, James Hyde, head of business development and strategic partnerships at NYSE Options, offered insights into the current state of the options industry. The interview, conducted by John Lothian News as part of the JLN Industry Leader video series sponsored by OCC, touched on several key topics shaping the market.

When asked about customer priorities, Hyde highlighted the growing interest in short-dated single-name options in the equity space. “The industry is clearly focused on that,” he said, noting that a wide group of stakeholders, including representatives from the Options Clearing Corporation (OCC), exchanges, and the SEC, are actively discussing the topic. 

Futures Discovery

Algorithmic Adventures: Futures Discovery EP 11

Algorithmic Adventures: Futures Discovery EP 11

In episode 11 of Futures Discovery, we’re immersing ourselves in a pivotal episode focused on Algorithmic Adventures: Navigating the World of Order Book Strategies in Futures Trading. It’s not merely about numbers and charts; it’s about deciphering the dynamic landscape of financial trading. Join us as we delve into the intricacies of reading your statement as a professional in the futures market and unravel the secrets behind successful algorithmic strategies.

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Options Discovery

The JLN Daily Update

The JLN Newsletter turned into a daily podcast.

MW Page of the day

Georges Elhedery

Georges Elhedery

Georges Elhedery was named chief executive of HSBC effective September 2, 2024, the bank announced Wednesday.  He will take over from Noel Quinn, who is retiring.

Wall Street Starts Calling Time on ESG Labels After Backlash

First Read Hits & Takes John Lothian & JLN Staff Miami International Holdings, Inc. (MIH) announced that the SEC has approved MIAX Sapphire LLC's application to become a national securities exchange. MIAX Sapphire, MIH's fourth national securities exchange for...

Traders Betting on China Easing Boost Bearish Options on Banks

Observations & Insight Miami International Holdings, Inc. (MIH) announced that the SEC has approved MIAX Sapphire LLC's application to become a national securities exchange. MIAX Sapphire, MIH's fourth national securities exchange for U.S. multi-listed options,...

John Lothian: Week in Review (July 8-12, 2024)

John Lothian: Week in Review (July 8-12, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

In a recent interview at London’s Park Plaza Westminster Hotel during the FIA’s International Derivatives Week, Nils-Robert Persson, Chairman of the Swedish technology firm Vermiculus, shared insights into the company’s innovative approach to financial technology and its vision for the future of exchange systems.

Persson highlighted the evolving landscape of exchange functionality, predicting a significant expansion in offerings to members and customers over the next five years. He emphasized the growing importance of real-time risk calculation, made possible by new technology that doesn’t compromise on latency – a crucial factor for market participants.

Celebrating Independence and Competition: A Fourth of July Reflection

Celebrating Independence and Competition: A Fourth of July Reflection

We just celebrated the Fourth of July holiday and JLN continued its annual tradition of publishing the Declaration of Independence. I have always loved the beginning of the second paragraph:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. 

As a writer who advocates for market-based solutions, I believe certain market principles to be self-evident. I hold that markets should be open, transparent, and fair. These were the values that the open outcry futures markets I grew up with strived for every day, in every session and trade. These values produced the critical concept of price, which was the most powerful news imaginable. They gave the markets and their prices integrity, instilling in traders a way of life that transcended the action of the trading pit. From this openness, transparency, fairness, and integrity came a greatness that spread throughout the world as different financial communities embraced derivatives trading.

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

The New York-based firm has set out to tackle a problem that has long plagued Wall Street and its LaSalle Street sibling: outdated clearing systems. “We started with the belief that the infrastructure operating most brokerages across the street was running on old, archaic infrastructure,” Pento said. 

John Lothian: Week in Review (July 1-5, 2024)

John Lothian: Week in Review (July 1-5, 2024)

JLN PRESS ROOM PICK OF THE WEEK

John Lothian Reflects on Physical Challenges and Biden’s Debate Performance

Williams Bay, WI (JLN) – Describing Joe Biden’s debate performance last week, New Yorker Editor David Remnick quoted Mark Twain, writing, “It is sad to go to pieces like this, but we all have to do it.”

I can identify with that quote. Some of my physical health issues are like those of President Biden, and last week the degradation of my physical abilities caused me to miss my connection between London and Chicago.

The health issues I share with President Biden include obstructive sleep apnea, gastroesophageal reflux, seasonal allergies, spinal arthritis and peripheral neuropathy in the feet.

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

In a recent interview for the John Lothian Profiles video series, veteran trader Alan Knuckman recounted his path from a small mining town near Lake Superior to the bustling trading floors of Chicago. Knuckman’s story is one of perseverance, adaptability, and a deep understanding of market psychology, shaped by his early life experiences and career transitions.

Growing up in a town reliant on iron ore mining, Knuckman was exposed to the cyclical nature of commodities from a young age. His grandfather, a loadmaster, was integral to the iron ore industry, loading wood pellets onto boats that would traverse the Great Lakes to Indiana for steel production. This early exposure instilled in Knuckman a keen awareness of booms, busts, and the intricate workings of commodity markets.

David Downey’s Important Call: ForecastEx to Revolutionize Event Contracts with CFTC Green Light

David Downey’s Important Call: ForecastEx to Revolutionize Event Contracts with CFTC Green Light

David Downey does not call me very often, but when he does, it is important. He called me on June 25. Unfortunately, I was in London and missed the call.

There is also this strange thing that happens when someone calls me from the Cboe and their caller-ID has the general Cboe number on it, the same one I still have in my phone for the work phone for Downey from his days at OneChicago. Downey appears to be calling me. Thus, sometimes when I get a call from a Cboe PR person, it comes up on my phone as Downey.

But on Monday, the real David Downey called with something important. Back on June 24, the CFTC had approved the registrations of a project he has been working on, ForecastEx, LLC. The CFTC approved both the DCM and DCO applications for this privately held company owned by Interactive Brokers Group, LLC. 

John Lothian News Sponsors

Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
Trading Technologies, TT, BitMEX, Chicago, bitcoin, cryptocurrency, derivatives, trading, fintech,
John Lothian: Week in Review (July 8-12, 2024)

John Lothian: Week in Review (July 8-12, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

In a recent interview at London’s Park Plaza Westminster Hotel during the FIA’s International Derivatives Week, Nils-Robert Persson, Chairman of the Swedish technology firm Vermiculus, shared insights into the company’s innovative approach to financial technology and its vision for the future of exchange systems.

Persson highlighted the evolving landscape of exchange functionality, predicting a significant expansion in offerings to members and customers over the next five years. He emphasized the growing importance of real-time risk calculation, made possible by new technology that doesn’t compromise on latency – a crucial factor for market participants.

Celebrating Independence and Competition: A Fourth of July Reflection

Celebrating Independence and Competition: A Fourth of July Reflection

We just celebrated the Fourth of July holiday and JLN continued its annual tradition of publishing the Declaration of Independence. I have always loved the beginning of the second paragraph:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. 

As a writer who advocates for market-based solutions, I believe certain market principles to be self-evident. I hold that markets should be open, transparent, and fair. These were the values that the open outcry futures markets I grew up with strived for every day, in every session and trade. These values produced the critical concept of price, which was the most powerful news imaginable. They gave the markets and their prices integrity, instilling in traders a way of life that transcended the action of the trading pit. From this openness, transparency, fairness, and integrity came a greatness that spread throughout the world as different financial communities embraced derivatives trading.

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

The New York-based firm has set out to tackle a problem that has long plagued Wall Street and its LaSalle Street sibling: outdated clearing systems. “We started with the belief that the infrastructure operating most brokerages across the street was running on old, archaic infrastructure,” Pento said. 

John Lothian: Week in Review (July 1-5, 2024)

John Lothian: Week in Review (July 1-5, 2024)

JLN PRESS ROOM PICK OF THE WEEK

John Lothian Reflects on Physical Challenges and Biden’s Debate Performance

Williams Bay, WI (JLN) – Describing Joe Biden’s debate performance last week, New Yorker Editor David Remnick quoted Mark Twain, writing, “It is sad to go to pieces like this, but we all have to do it.”

I can identify with that quote. Some of my physical health issues are like those of President Biden, and last week the degradation of my physical abilities caused me to miss my connection between London and Chicago.

The health issues I share with President Biden include obstructive sleep apnea, gastroesophageal reflux, seasonal allergies, spinal arthritis and peripheral neuropathy in the feet.

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

In a recent interview for the John Lothian Profiles video series, veteran trader Alan Knuckman recounted his path from a small mining town near Lake Superior to the bustling trading floors of Chicago. Knuckman’s story is one of perseverance, adaptability, and a deep understanding of market psychology, shaped by his early life experiences and career transitions.

Growing up in a town reliant on iron ore mining, Knuckman was exposed to the cyclical nature of commodities from a young age. His grandfather, a loadmaster, was integral to the iron ore industry, loading wood pellets onto boats that would traverse the Great Lakes to Indiana for steel production. This early exposure instilled in Knuckman a keen awareness of booms, busts, and the intricate workings of commodity markets.

David Downey’s Important Call: ForecastEx to Revolutionize Event Contracts with CFTC Green Light

David Downey’s Important Call: ForecastEx to Revolutionize Event Contracts with CFTC Green Light

David Downey does not call me very often, but when he does, it is important. He called me on June 25. Unfortunately, I was in London and missed the call.

There is also this strange thing that happens when someone calls me from the Cboe and their caller-ID has the general Cboe number on it, the same one I still have in my phone for the work phone for Downey from his days at OneChicago. Downey appears to be calling me. Thus, sometimes when I get a call from a Cboe PR person, it comes up on my phone as Downey.

But on Monday, the real David Downey called with something important. Back on June 24, the CFTC had approved the registrations of a project he has been working on, ForecastEx, LLC. The CFTC approved both the DCM and DCO applications for this privately held company owned by Interactive Brokers Group, LLC. 

John Lothian Reflects on Physical Challenges and Biden’s Debate Performance

John Lothian Reflects on Physical Challenges and Biden’s Debate Performance

Williams Bay, WI (JLN) – Describing Joe Biden’s debate performance last week, New Yorker Editor David Remnick quoted  Mark Twain, writing, “It is sad to go to pieces like this, but we all have to do it.”

I can identify with that quote. Some of my physical health issues are like those of President Biden, and last week the degradation of my physical abilities caused me to miss my connection between London and Chicago. 

The health issues I share with President Biden include obstructive sleep apnea, gastroesophageal reflux, seasonal allergies, spinal arthritis and peripheral neuropathy in the feet.

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