Financials

Analysis: Fed’s Hold On Economy Challenged As Virus Eludes Policy Outlook

by Suzanne Cosgrove | Aug 4, 2020

While the Federal Reserve is known for its laser focus on goals that include maximum employment, price stability, moderate interest rates and a stable financial system, those goals have proven slippery as the coronavirus persists and continues to tamp down progress, exposing some structural gaps in the process.

The Spread: Until We OCC You Again

by Matt Raebel | Jul 10, 2020

This week on The Spread, we catch up on the last two week’s news, including a number of exciting updates from our friends at the OCC.

JLN Bachelier Options Model Virtual Panel Podcast

by John Lothian | May 29, 2020

John Lothian News is presenting the May 14 Bachelier Options Model virtual panel as a podcast.

Everything old is new again

by Thom Thompson | May 20, 2020

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

by John Lothian | Apr 28, 2020

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.

The Spread: Quarantined

by Matt Raebel | Mar 20, 2020

This week on The Spread, bitcoin option volume spikes as bitcoin craters, the VIX closes at an all-time high due to coronavirus concerns, the NYSE closes its doors as two traders test positive for COVID-19, and more. Transcription Welcome to the Spread, where...

The Spread: MIAX Makes Moves

by Matt Raebel | Feb 12, 2020

This week on The Spread – MIAX keeps expanding, Cboe veteran Tom Zagara spins us a yarn about the early days of the exchange, and JLN prepares for the Options Industry Conference in April.

Life and Times of Navinder Sarao

by Thom Thompson | Jan 28, 2020

Navinder Sarao pleaded guilty to roughly $13 million worth of spoofing on his first visit to the United States in November 2016. Wearing leg irons and an orange prison jumpsuit in a Chicago federal court, Sarao was freed on bail pending final sentencing, which occurs today, January 28, 2020.

Bill Dudley – Open Outcry Traders History Project

by John Lothian | Nov 14, 2019

Bill Dudley sat for an interview for John Lothian News’ MarketsWiki Education Open Outcry Traders History Project.

A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part I

by John Lothian | Nov 13, 2019

Cost-benefit analysis is an important part of the regulatory process and even more so after Dodd-Frank became the law of the land. The CFTC does not have an unlimited budget, though it is attempting to throw the legal version of the kitchen sink at Jitesh...

Gary Sagui – Open Outcry Traders History Project

by John Lothian | Nov 12, 2019

Gary Sagui started his career at Harris Bank in the foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.

FIA Expo Day Two: Alternatives to LIBOR

by Suzanne Cosgrove | Nov 1, 2019

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...