Mike Cavanaugh found his way to the trading industry despite his degree in political science because he had a brother-in-law in the wheat pit at the CBOT. He did a summer internship working for “one of the more prolific wheat traders” and soon fell in love with the place.
The well-documented influx of new retail investors into equities and options on equities in 2020 and 2021 has boosted derivatives volume, but it also has unleashed traders who may not be prepared for high rates of volatility if and when the market falters.
The National Football League asked the CFTC to delay any approval of ErisX’s proposed binary options contracts “pending a more comprehensive study” of whether the contracts would be used for hedging and whether users of the contract might be breaking federal laws by risking money on football spread betting across state lines.
Electronic trading changed the way quotes are generated, archived and delivered to traders, brokers and their clients over the internet. Barchart was a pioneer in delivering quotes over the internet and providing them for several exchanges. Today it is the largest futures-centric quote provider.
In the current options market environment of rapid retail trading growth, data on who is trading what -- customer buyers versus firm buyers, that is -- is a hot topic right now. In fact, Henry Schwartz, senior director and head of product intelligence at Cboe Global...
While major world events can cause ripple effects in the markets, the effects of the ongoing pandemic have felt more like a series of earthquakes. The year 2020 was an historic one for many reasons; in Nasdaq’s case, it was also the first year that it led all exchanges in total volume traded for equity options.
All the Ways I Have Traded Futures Over the Years I was brought up as a futures trader and the people I knew were futures traders. The people at my first industry-related job that I listened to on long car rides or on the radio talked about futures. The people I...
Olivier Raevel is the first trader from the International Petroleum Exchange, or IPE, to be interviewed for the JLN MarketsWiki Education Open Outcry Traders History Project. He made history as a founding member of ICE and recommended that ICE buy the IPE.
Rick Lane is out at Trading Technologies as CEO and chairman, but still with the company in a non-titled supporting role for the time being, at a time when the company is rumored to be in the midst of a sale.
Ricardo Manrique is the head of strategy for FTSE Russell and has a great perspective on the global index business after having significant roles at other index companies, including MSCI, STOXX and Dow Jones.
President-elect Joe Biden’s Treasury Secretary nominee, Janet Yellen, upset the cryptoverse yesterday with her response to a senator’s question about terrorism during her Senate Finance Committee confirmation hearing. With regard to terrorist financing, she said,...