OBSERVATIONS Cboe Global Markets is exploring the launch of perpetual futures tied to the Cboe Volatility Index (VIX) to allow investors to directly trade the index's cash level, a long-sought capability currently unavailable through existing VIX futures, options, or...
First Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets is exploring the launch of perpetual futures tied to the Cboe Volatility Index (VIX) to allow investors to directly trade the index's cash level, a long-sought capability currently unavailable...
LEAD Cboe and S&P Dow Jones Indices Sign 25-Year Extension of Exclusive Licensing Agreement, Through 2051; Agreement extends Cboe's exclusive licensing rights for S&P 500 Index options through 2051 and creates new opportunities for innovation across next-generation...
First Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets and S&P Dow Jones Indices (S&P DJI) announced on September 29 that they have signed a 25-year extension of their exclusive licensing agreement, securing Cboe’s exclusive rights to...
LEAD Soaring Yields Lead Traders to Snap Up Options on BlackRock ETFs Bernard Goyder and Silla Brush - Bloomberg Traders are piling into options tied to fixed-income ETFs at a record pace, in a rush to position portfolios with yields on 10-year and 30-year Treasuries...
First Read Hits & Takes John Lothian & JLN Staff The CFTC published its proposed rulemaking in the Federal Register. Here is the summary from the CFTC: The Commodity Futures Trading Commission (Commission or CFTC) is proposing amendments to its rules concerning event...
LEAD Options Are Pricing in Muted Moves for US Stocks on Midterm Vote Christian Dass - Bloomberg While the upcoming US midterm election is one of the biggest events left on the market’s calendar for this year, derivatives pricing indicates traders aren’t expecting...
First Read Hits & Takes John Lothian & JLN Staff The U.S. Court of Appeals for the Sixth Circuit unanimously ruled against Kalshi on Friday, September 25, allowing Ohio and Tennessee to enforce their gambling laws against its sports-event contracts, Jonathan Stempel...
OBSERVATIONS In Freakonomics Radio’s episode published today titled “When Is a Bet Not a Bet?,” host Stephen J. Dubner examines whether prediction markets constitute financial innovation or gambling under a different regulatory framework. Kalshi co-founder and CEO...
First Read Hits & Takes John Lothian & JLN Staff In Freakonomics Radio’s episode published today titled “When Is a Bet Not a Bet?,” host Stephen J. Dubner examines whether prediction markets constitute financial innovation or gambling under a different regulatory...
LEAD Bitcoin Bulls Eye Next Leg as $15 Billion Options Expiry Nears Sidhartha Shukla - Bloomberg Traders seeking clues as to whether the Bitcoin rally is sustainable are turning their attention to one of the must-watch events in the derivatives market: the quarterly...
First Read Hits & Takes John Lothian & JLN Staff The Psaros Center at Georgetown University's Financial Markets Quality Conference was a big success yesterday, with an auditorium filled with students, former regulators, media, and financial markets participants. I...
LEAD OCC initial margin hits record $223bn after 38.1% surge Joshua Walker - Risk.net The Options Clearing Corporation (OCC) reported $223.1 billion in required initial margin (IM) in the second quarter, the highest level on record going back to 2015. IM at the...
First Read Hits & Takes John Lothian & JLN Staff If one man could bring tribal leaders, gambling executives and prediction-market executives together, perhaps it would be Kevin Costner. He is attempting just that by opening his Dunbar Ranch in Colorado for a...
CIO & Editor
JeffBergstrom@JohnLothian.com MarketsWiki Profile
Jeff Bergstrom is an editor at John Lothian News and chief information officer of John J. Lothian & Company, Inc. Bergstrom is also a contributing editor of JLN Options and JLN Financials.