Americas
Kenny Polcari – Open Outcry Traders History Project Part One
When he was young, Kenny Polcari wanted to be in politics – preferably to eventually be president of the United States. But, he said, “Thank God none of that came true.”
When he was 19, he interned on the floor of the New York Stock Exchange. He knew nothing about the business and was from Boston rather than New York. At first he thought, “Who wants to move to New York City in the summer as a 19 year old kid?” He was going to go back to Cape Cod and be a lifeguard. But he thought about it and did his homework and said, “What’s the worst that can happen?”
FIA Tech’s Atlantis Ready for More Options Brokers
FIA Tech is trying to solve a problem for options brokers with a solution that’s worked for futures brokers and exchange-traded derivatives. That problem is improving the efficiency of give-ups and take-ins reconciliation, settlement and payments.
In July, FIA Tech announced the expansion of its Atlantis service to help options brokers settle give-up trades faster and get paid sooner, while freeing up human resources thrown at this complex problem. One hundred million contracts a month are processed via Atlantis, which is expanding into options in a two-part process.
Stock Rally Resumes Despite Mixed Bag of Data; John’s Take Dives Into FIA Tech’s Atlantis; Covered Calls Unmasked – The Spread – October 15, 2021
– Equity options volatility ebbs as markets resume rally, fixated on upbeat earnings;
– John’s Take looks at FIA Tech’s expanded Atlantis service for options brokers;
– Why use Covered Calls? The options Term of the Week with Jermal Chandler.
CME Clearing Project Seeks Sustainable Solutions
Investor interest in sustainable investments is expanding rapidly. A survey of 179 global asset owners published by FTSE Russell on October 7 found that more than 84% are implementing or evaluating sustainable investments in 2021, up from 53% in 2018. But with uniform criteria of those investments’ “green” attributes a work in progress, CME Group has jumped into the fray with its Sustainable Clearing Project.
Morningstar Scaling Up Against Industry Dominators
The index business is dominated by three big companies: Dow Jones Indexes, FTSE Russell, and MSCI; but there is a Chicago index company that has big plans to advance and scale up its business to bring more value to index clients and leave more money in the pockets of investors. Former FTSE Russell executive and now Morningstar Indexes Managing Director Ron Bundy is charged with the evolution and growth of Morningstar Indexes.
SEC Commissioner Allison Herren Lee Addresses PFOF, Retail Trading and Crypto at STA Conference
In an interview Wednesday at the 88th Annual Security Traders Association Conference, SEC Commissioner Allison Herren Lee said she appreciated Gary Gensler, who testified Tuesday at the House Financial Services Committee oversight hearing, for “rolling up his sleeves” to address the complex issues facing the financial industry, such as payment for order flow (PFOF) and exchange for rebates.
ICE Exec Gordon Bennett Talks About Market-Based ESG Initiatives
https://vimeo.com/619128176 Gordon Bennett, the U.K.-based managing director of utility markets at the Intercontinental Exchange, recently sat down with John Lothian to talk about ESG initiatives, including pricing the cost of carbon and...
STA 2021: Equity Volume Robust, But the Drumbeat for Reform Grows Louder
Although market competition and structure are hot topics in the securities industry, a Wednesday fireside chat at the STA 2021 conference on the competitive landscape between brokers and exchanges with Jonathan Kellner, CEO of MEMEX, and Joe Mecane, head of execution services at Citadel Securities, focused more on agreement than on discord.
Higher Bond Yields, Energy Fuel Continued Market Volatility at Quarter End; John’s Take Looks at Recent CFTC Action; Why VVIX Matters – The Spread – October 1, 2021
– Stock market volatility continues to chug higher; Energy prices are hot;
– John’s Take walks us through the CFTC’s filing against 14 crypto options businesses;
– A timely look at the VVIX, the volatility of volatility with Russell Rhoads in the Term of the Week.
The Question of Office Space: Chicago Commercial Real Estate Pros from Cushman & Wakefield Talk Trends
A question on many business owners’ minds is what their real estate needs will be once the pandemic ends. John Lothian News is no exception, so we reached out to real estate professionals Jack Keenan and Jack Deroche to give us a rundown on what Chicago’s market looks like now and in the future.
FIA IDX 2021 Panel: More Exchange-Traded Products On Path to Sustainability
Environmental markets are “transitioning to an asset class in their own right,“ said Gordon Bennett, managing director of utility markets for ICE and a panelist at a FIA IDX’s Tuesday presentation, “Exchanges and the Roll Out of New Sustainability Products.”
“They’ve changed a lot in the last two to three years” and are not just about carbon markets anymore, Bennett said. “Clearly, more people are getting involved” in ESG-related markets, Bennett added, noting that data in the CFTC’s Commitments of Traders Reports are starting to reflect a wider diversity of market participants.
Options volatility bounces back on Evergrande, Fed taper talk; John’s Take previews FIA’s IDX; How does the VIX calculate vol? – The Spread – September 24, 2021
– Options markets see spike in volatility, but ride out China Evergrande Group’s troubles, Federal Reserve taper expectations;
– John’s Take gives a sneak peek at the FIA IDX 2021 conference and talks about Bryan Harkins and Wall Street Rides FAR;
– What does the VIX Index measure? A tutorial by Russell Rhoads, head of research at EQDerivatives, in the Term of the Week.
Multiple options expirations add to September market gyrations; Who are the smartest traders in the room?; Strike price pick no simple matter; The Spread – September 17, 2021
– Options markets take a bumpy ride ahead of simultaneous options and futures expirations;
– John’s Take looks at why it’s the smartest traders in the room who trade options;
– Two crucial concepts in strike price choices with Jermal Chandler in the Term of the Week.
Options Veterans Forge New Path With Tried-And-True Strategy
As its name suggests, Options Solutions is an options-centric asset-management firm that aims to increase the returns of investors’ portfolios with customized options strategies. JLN’s John Lothian and Suzanne Cosgrove recently interviewed the founders of the new enterprise, described by CEO Michael Brodsky as an early-stage, high-growth company. Team members are led by former CBOE Chairman and CEO Bill Brodsky, as well as Michael, his son, and options industry strategist Steve Sears.
GameStop disappoints; Coinbase gets into it with the SEC; Cboe offers Europe options; MIAX Spikes a record; John’s Take on CBOE’s Phil Slocum’s passing and a great moment in options history; and how to execute a strangle — The Spread — September 10, 2021
– Options markets get ready for fall’s chill as equity prices consolidate; Another perspective on small investors;
– John’s Take pays homage to an options veteran and looks at a moment in options market history;
– Pros and cons of using options strangles with Jermal Chandler in the Term of the Week.
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SEC GameStop Report Debunks Conspiracies, Backs Gensler Plan
First Read $53,806/$300,000 (17.9%) ++++ FIA Tech's Atlantis Ready for More Options Brokers John Lothian - John Lothian News Give-up Settlement and Payment System Improves Efficiency, Speeds up Payments FIA Tech is trying to solve a problem for options brokers with a...
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‘Crazy’ Bets on $200 Oil Invade the Options Market
Observations & Insight The FIA reported late Friday that global exchange-traded derivatives volume and open interest both posted their highest levels on record in September. A total of 5.6 billion futures and options traded last month, with options volume once...
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