Financials
Podcast: Exploring Term CORRA – An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
Exploring Term CORRA: An Interview with Michelle Tran, President of TMX Datalinx
In a recent interview with Michelle Tran, president of TMX Datalinx, John Lothian News delved into the world of Term CORRA and its potential impact on the financial markets.
Term CORRA, which stands for Canadian Overnight Repo Rate Average, has garnered significant attention in the financial industry due to its potential to reshape the landscape of Canadian interest rate benchmarks.
Tran began by sharing insights into the implications of the launch of Term CORRA for TMX/MX, the Toronto-based stock exchange operator. She highlighted the importance of this benchmark in enhancing transparency and accuracy in the Canadian financial markets. Term CORRA is set to provide market participants with a reliable tool for risk management and pricing across various financial products.
HOU is the Domestic Crude Oil Benchmark on the Move
Jeff Barbuto is trying to build a new benchmark in U.S. domestic crude oil at Intercontinental Exchange, where he has worked for 21 years running oil and is now the head of global oil markets. The benchmark is HOU, the Midland WTI contract for the Gulf Coast first started five years ago with the help of Magellan Midstream Partners.
Barbuto’s efforts to start building the new benchmark started 10 to 15 years ago as issues with supply gluts at Cushing, OK encouraged a solution to move oil from the middle of the country to the Gulf Coast.
In 2011, the Brent-WTI spread went negative for the first time, after running at about a two-dollar premium for the West Texas Intermediate the North Sea Brent crude over, Barbuto said. WTI would go as much at $25 below Brent in 2011 because of supply gluts in Cushing as more Canadian crude oil made its way to Cushing and more pipelines of crude were coming up to Cushing but not having an outlet, Barbuto said.
Eris Innovations and CME Group Talk Eris SOFR Products Success
John Lothian News interviewed Michael Riddle, CEO of Eris Innovations, and Agha Mirza, managing director and global head of rates and OTC products for the CME Group about the success of the Eris SOFR products trading on the CME.
JLN asked about the origin story of the Eris products and when they began to trade on the CME.
TSX Venture Exchange Head Tim Babcock Expounds on TSX’s Venture Forward initiative to JLN
Tim Babcock, the vice president and head of the TSX Venture Exchange, was recently interviewed by John Lothian News about TSX's Venture Forward initiative, which is designed to strengthen Canada’s public venture market, the foundation of the country’s capital...
Option Volatility Indicator Developer Guy Cohen Talks to JLN about the OVI, His Career and Building a Hedge Fund
Guy Cohen was interviewed by John Lothian of John Lothian News about how he found his way to the markets, about his best selling options books, which are on every trader’s shelves, and on the Options Volatility Indicator, a patented tool to help traders make sense of position-building options activity.
His options software won a tender competition from Euronext-Liffe for a white label version, which was a big move for the company. Even bigger was when NYSE bought out Euronext, making NYSE Euronext his software company’s client. Cohen’s software and options work is used by many well-known traders. He spoke with us about how traders use it and why some information is better than other information.
Tom Hutchinson – Open Outcry Traders History Project – John Lothian News – Part Two
In part two of the JLN Open Outcry Traders History Project interview with Belvedere Trading Founder Tom Hutchinson, he tells the stories of his best trading days and his worst trading days.
Hutchinson said he uses probability to look at potential situations and he spoke about the worst situations where his company was at risk, though he has never blown out.
Tom Hutchinson – Open Outcry Traders History Project – Part One
Tom Hutchinson is the founder of Belvedere Trading. He is a former floor trader who sat for an interview with John Lothian News for the Open Outcry Traders History Project.
Hutchinson wanted to be a professional athlete, but as he got older he decided he wanted to become an engineer. He liked that there was a right or wrong answer in engineering.
The Smart Confirm Trading Floor Renaissance is Bringing New Life to the CME Trading Floor
Why has volume significantly increased in the open outcry trading pits at the CME Group in recent months compared to before the pits were closed for the Covid-19 breakout? Open outcry volume stood under 50% of total volume before Covid-19 closed the pits, but in the...
FTSE Russell Reconstitution Podcast Interview with Catherine Yoshimoto and Tim McCourt
John Lothian News interviewed Tim McCourt, Global Head of Financial and OTC Products at the CME Group and Catherine Yoshimoto, Director of Product Management for the Russell US Indexes, FTSE Russell about the June 23 FTSE Russell reconstitution.
IEX’s John Ramsay Talks to JLN about SEC Equities Market Proposals and Comment Letter Responses
John Lothian News interviewed John Ramsay, the chief market policy officer of IEX, about four recent proposals by the U.S Securities and Exchange Commission to reform U.S. equity markets. Ramsay discussed each of the proposals with John Lothian, what the comment letter responses were and what the IEX responses were.
Investment in VettaFi Sets Up TMX to Grow Information Business in Canada and Globally
TMX Group recently invested in VettaFi, what it described as “a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company” and TMX Chief Operating Officer Jay Rajarathinam spoke with JLN about the investment and other happenings going on at the exchange group.
Rajarathinam said TMX was seeking to expand into more information businesses and cited the acquisition of Wall Street Horizon as an example. Wall Street Horizon is a provider of global market-moving action and global corporate event data.
William Knottenbelt – The History of Financial Futures – Part One
William Knottenbelt said he likes to call himself a third generation commodity trader. Both his father and grandfather were commodities traders and had their own firms in Indonesia. Despite that background, Knottenbelt said he thought he wanted to be an accountant.
That thought did not last long after he secured a job at a commodity firm and realized he wanted to be on the trading side. Czarnikow offered him a job in London, but Knottenbelt wanted to work in France, so he was sent to its French subsidiary.
FIA 50 Years of Financial Futures Celebration
2022 is the 50th anniversary of financial futures and the birth of the modern exchange traded derivatives markets. In this video, John Lothian News discusses the birth of the financial futures industry in 1972 and how it has evolved into a market that traded $53.9 billion contracts this year.
Trading of futures and options on track to a record year – FIA
Trading of futures and options is on track to a record year, with higher levels of trading activity in many sectors, notably interest rate and equity index contracts, according to the FIA’s Will Acworth, who went over the volume numbers for the first nine months of 2022 in a FIA webinar titled, “Q3 2022 Trends in Futures and Options Trading” Wednesday.
Investors blocked from betting on US congressional elections by regulator
First Read Hits & Takes John Lothian & JLN Staff Cheryl and I are safely home from Bermuda and The World Federation of Exchanges Annual Meeting. We also celebrated our 34th wedding anniversary, so as the saying goes, happy wife, happy life. Now, back to work....
We visit more than 100 financial news websites daily (Would YOU do that?)
The Spread
Options Discovery Episode 20: Intro to Options and Earnings; Etoro Equity and Derivatives Investment Analyst, Callie Cox, Breaks Down Options and Earnings With Jln’s Alex Teng
In this episode of Options Discovery, Asma Awass introduces equity option price behavior around earnings announcements. Alex Teng dives deeper into this topic with Callie Cox, a seasoned investment analyst and content creator from the “social-based” brThinkorswimm eToro.
OCC liquidity risk doubles to all-time high in Q2
Lead Stories OCC liquidity risk doubles to all-time high in Q2; Concentration of activity around June expiration responsible for record rise Joshua Walker - Risk.net The estimated largest payment obligation Options Clearing Corporation (OCC) could have faced had a...
