This week on The Spread – analysts predict more volatility than usual around the U.S. election, institutional traders watch Reddit to predict price movements, and more.
Fixed Income/Credit
The Spread: Moving Out, Moving Back In
This week on The Spread – the CME Group announces new options products, MSCI moves from Singapore to Hong Kong, and more.
Everything old is new again
Today, the U.S. Department of the Treasury is picking up where it left off in 1986 with regular issuances of bonds with nominal 20-year maturities. (“Nominal” because the bond will be issued on June 1 and pay out 19+ years later on May 15.) The bonds will pay semi-annual interest.
Electronic Algo Execution Competition Poised for Unique Opportunity
Ten Trades a day in the last four to five weeks have made up about 50% of the Eurodollar option volume at the CME Group, says Thomas Fitch of RVassets.
Trouble at Ronin?
With everyone looking for the first big financial collapse of the coronavirus market meltdown, all eyes turned to Ronin, a Chicago-based proprietary trading firm, last Friday.
Quantitative Brokers Brings New Regimes to Market Volatility Algos
“Quote size of ES futures is at 8 years low whereas liquidity is not alarmingly low.”
Tariffs, Transitions, and STIRs: Wedbush’s Bob Fitzsimmons at FIA Expo
Bob Fitzsimmons, executive VP at Wedbush Securities, spoke with JLN at FIA Expo 2019 about the transition away from Libor to Sonia, SOFR and Ameribor, the potential for bitcoin contracts, FCM consolidation, and the impact of tariffs on the agricultural community.
Bill Dudley – Open Outcry Traders History Project
Bill Dudley sat for an interview for John Lothian News’ MarketsWiki Education Open Outcry Traders History Project.
FIA Expo Day Two: Alternatives to LIBOR
Transitions, disruptions and outright change are not new to the futures and options industry, but at this year’s FIA Expo, those themes seemed to loom especially large. One of the biggest changes the industry is facing is the transition from LIBOR to other...
John Lothian News Special Report: The Launch of Ameribor
On Friday, August 16, The American Financial Exchange (AFX), headed by Dr. Richard Sandor, will launch the first futures on the Ameribor, an index designed to be a replacement for Libor, which had become badly tarnished by a manipulation...
The Case for More Clearing of Treasury Securities
In this video, DTCC Managing Director and Head of Global Public Policy Mark Wetjen reflects on the Treasury flash crash of 2014 and lays out why more Treasury trading activity should involve a central counterparty. Produced by Mike Forrester ...
Changing Interest Rate Trading Market Structure – Andy Ross, CurveGlobal
In this video from JLN’s Industry Leader Series, CurveGlobal CEO Andy Ross talks about the shift away from LIBOR and how CurveGlobal is changing the dynamics of interest rate derivatives trading. Produced by Mike Forrester John Lothian...
NFX Basis Point Value Contracts; One quarter hubris, three quarters details
The hubris is mine, not Nasdaq’s. Over 20 years ago I came up with the idea for an innovative new futures contract that would improve hedging and engage speculators in new ways in fixed income trading. The idea was basis point value futures....
Interest (in) rates: CME’s suite soars
Despite historical seasonality trends pointing to decreased trading activity in summer months, CME’s interest rate complex has been red hot. In the past month, CME Group has experienced records in a variety of rate-related products in terms of...
John Lothian Newsletter
Today’s Newsletter
GameStop and Bitcoin Renewed a Push to Digitize the Stock Market
First Read $34,126/$300,000 (11.4%) ++++ Hits & Takes John Lothian & JLN Staff There is a new Van Gogh exhibit in New York billed as Van Gogh - The Immersive Experience. The site of this exhibit is the former trading floor of the NYMEX. The NYMEX trading floor...
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JLN Options Newsletter
Today’s Newsletter
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Big $40 million options trade bets on near-term stock market tumble; London Whale lessons for Credit Suisse and Nomura
Everything you need to know about Options Today