Asia/Pacific

FEX Global Makes Its First Trade

FEX Global Makes Its First Trade

The first power trade on the Australian start-up exchange FEX Global was made Friday, September 10, and it was truly a global story. The trade was made using a Chicago-based Trading Technologies trading screen, cleared on the Chicago-based CME Group’s clearinghouse and traded on the FEX Global match engine in Sydney.

Buy the Sharks, Sell the Bait

Buy the Sharks, Sell the Bait

Cboe and its CEO Are Now in a Different Boat
In January of 2014, after hearing CBOE executives crow at an annual Chicago press lunch about how great their publicly traded company and its products performed in 2013, I wrote a commentary titled “The CME Should Buy the CBOE Soon.” There have been many on and off discussions about just that for many years. And yesterday for just a short period of time it seemed like it was happening, as the Financial Times reported that CME Group had approached Cboe to acquire it in a $16 billion deal that CME Group later strongly denied.

FIA Reports July Exchange-Traded Derivatives Post 26.9% Volume Gain from a Year Ago; Dip vs. June

FIA Reports July Exchange-Traded Derivatives Post 26.9% Volume Gain from a Year Ago; Dip vs. June

The Futures Industry Association released its July 2021 report on worldwide volume and open interest for exchange-traded derivatives on Tuesday, and it shows a volume gain of 26.9% compared with July 2020 for a combined total of 4.91 billion contracts. However, trading slowed down from its torrid pace of early summer — July volume was down 2.4% from the month earlier.

Charles Farra – The Path to Electronic Trading Has Many Steps and Flights

Charles Farra – The Path to Electronic Trading Has Many Steps and Flights

For Charles Farra, there were many steps on the path to electronic trading that saw him start as a runner for Cargill Investor Services in 1981 and work his way up in the organization. He would serve the firm in Chicago, London and Tokyo during a time when new products and big markets led to incredible growth in the futures industry.

Options Continue to Lead Derivatives Volume Uptrend, but Q2 Lags, FIA Data Show

Options Continue to Lead Derivatives Volume Uptrend, but Q2 Lags, FIA Data Show

Global futures and options volumes continued to trend higher in the first half of 2021 compared to both 2020 and 2019, with growth largely driven by options trading, according to Futures Industry Association data released late Tuesday. Exchange-traded futures and options volume was up 32.1% compared with the total logged in the first six months of 2020, with 28.9 billion contracts traded in the first half of 2021.

The Spread – July 9, 2021

The Spread – July 9, 2021

Chicago, a data destination; SEC, Robinhood and payment for order flow; John Lothian weighs in with his take; Retail trading continues to percolate; and Cboe’s Kevin Davitt explains the differences between equity and index options in the “Term of the Week.”

The Spread – July 2, 2021

The Spread – July 2, 2021

Finra socks Robinhood with its biggest-ever fine; Cboe acquires Chi-X Asia Pacific; OCC reports another volume gain; NIO takes its cue from options; John Lothian weighs in with his take; Looking for volatility; and Jermal Chandler explains hedging in the options “Term of the Week.”

Hang Seng Index

Hang Seng Index

The Hang Seng Index will add three companies in June: Xinyi Solar Holdings Ltd., BYD Co. Ltd. and Country Garden Services Holdings, expanding the index to 58. The additions reflect the growing prominence of Chinese IT firms.

Leo Melamed Is ‘Man of the Futures’

Leo Melamed Is ‘Man of the Futures’

Leo Melamed has lived a life worthy of multiple autobiographies. And he now has written his latest, “The Man of the Futures.” The book encompasses all that occurred in his life and work since 1996, when he published “Escape to the Futures.” A lot has happened in that quarter of a century, and many of Melamed’s dreams and the predictions he made have been realized.

Catching up with Sterling Trading Tech on “Unprecedented” Trading

Catching up with Sterling Trading Tech on “Unprecedented” Trading

Sterling Trading Tech is one of the firms in the eye of the storm for the rise of retail equity and option traders. John Lothian News caught up with their president and head of risk management to talk about how they fared and how they continue to deal with the influx of retail customers and resulting trading activity in 2020 and 2021.

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London Stock Exchange to abandon lossmaking derivatives venture

London Stock Exchange to abandon lossmaking derivatives venture

First Read $53,406/$300,000 (17.8%) ++++ Hits & Takes John Lothian & JLN Staff The London Stock Exchange has given notice that CurveGlobal is to be closed effective Friday, the 28th of January, 2022. CurveGlobal's CEO Andy Ross had this to say on LinkedIn...

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