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“Alex Perry's Optionstopia” takes a look at this week’s options news highlights: Ukraine- Russia Conflict Affects Market; ICE Executive David Goone becomes New tZERO's CEO; FTX Enters Gaming | John Lothian News

“Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Ukraine- Russia Conflict Affects Market; ICE Executive David Goone becomes New tZERO’s CEO; FTX Enters Gaming

Alex Perry Author John Lothian News

ALEX PERRY

 Associate Editor

Alex Perry is an Associate Editor with John Lothian News with a primary portfolio of contributing to the options-centric video series The Spread and options related news.

Alex Perry’s Optionstopia 

Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Ukraine- Russia Conflict Affects Market; ICE Executive David Goone becomes New tZERO’s CEO; FTX Enters Gaming

Options News Script

This is Alex Perry with John Lothian News, and this is your recap of options new from the week. Here are some of the week’s top stories, starting with:

Russian ruble hits record low, local equity indices tumble as much as 50% as Putin’s forces attack Ukraine

Spriha Srivastava- Markets Insider

https://bit.ly/3hv7cCF

As news of Russia invading Ukraine dominated headlines, growing concerns over the Russian market mounted. Markets Insider reported that the Russian [ROO-buhl] had “plummeted to a record low against the dollar on Thursday,” and Bloomberg reported that the Russian stock markets lost over $180 billion in value. Russia’s central bank intervened, banning short sales on both the Russian exchange and over-the-counter markets. CNN added that “The MOEX [Moscow stock exchange] index plunged as much as 45% before rebounding to trade down 33%.” As a result, US stock futures and European stock markets plunged, and oil surged to $100 a barrel. Look to John Lothian News tomorrow morning for the latest market-moving news related to this breaking story. 

Intercontinental Exchange Announces Strategic Investment in tZERO Group, Inc.; Longtime ICE executive David Goone to be named tZERO’s new Chief Executive Officer

Intercontinental Exchange, Inc.

/jlne.ws/3v5JLYx

Tech firm tZERO now has the backing of the Intercontinental Exchange (ICE), after ICE announced earlier this week that it’s making a “strategic investment” in the crypto and digital securities platform as a significant minority shareholder. In making this investment, the New York Stock Exchange’s parent company joins other investors like Overstock and the blockchain fund Medici Ventures.  ICE says that in connection with the investment, the exchange’s own chief strategy officer, [[David Goone]], will join tZERO as the firm’s newest CEO next month and will be on tZERO’s board of directors. The longtime exec will continue to be of service to ICE on a consulting basis.

Crypto industry makes push into regulated derivatives markets; Most futures and options trading currently takes place on offshore venues subject to minimal oversight

Philip Stafford – FT

/jlne.ws/3vabVBK

Most investors know…that entering the crypto market comes with risks. But the assets are becoming so popular that cryptocurrency companies are pushing into the more regulated US derivatives market, Coinbase says. Market-data provider, CryptoCompare, told the Financial Times that volumes in crypto derivatives reached nearly $3 trillion in January and constituted more than 60% of crypto trading. Coinbase also notes that “Most futures and options trading currently takes place on offshore venues subject to minimal oversight”, while retailers want to make “supercharged bets” in the digital space.

MSCI derivatives launch: now 156 futures and 26 options

Eurex

In other news, Eurex is expanding M-S-C-I derivatives to offer four new futures and two new options for a total of 156 futures and 26 options. The exchange said that it listed futures on Germany and Israel, while also launching M-S-C-I offerings for China and M-S-C-I Saudi Arabia.

Tradier Announces Tradier Options Summit in Partnership with Cboe on March 9, 2022

Tradier Inc.

https://bit.ly/3t9uof7

Speaking of exchanges, Tradier is hosting an options summit in partnership with Cboe Global Markets. Topics include current market trends, options trading strategies, and trading resources. The virtual summit will be held on March 9, from noon to 4:30 pm. 

FTX Enters Gaming as Backlash Grows Against Crypto’s Incursion

Emily Nicolle-Bloomberg

https://bloom.bg/33OiAGh

Last, FTX is adding yet another venture to its list: Gaming. The crypto exchange plans to launch a new gaming unit that’s intended to “encourag[e] game publishers to embrace cryptocurrencies.” This, according to Bloomberg, has been controversial, as much of the criticism centers around publishing a game in a space full of online scammers and financial crimes. 

That’s all for now, but be sure to tune in for this week’s edition of John’s Take as he remembers Joseph Ritchie, legendary trader…and founder of the trading firm…Chicago Research and Trading. Also, be sure to check out our “Options Term of the Week.” Just a friendly reminder that the FIA’s International Futures Industry Conference is fast approaching. The conference will be held March 15-17 in Boca Raton, FL.

THIS HAS BEEN ALEX PERRY FOR JLN. THANKS, AND WE’LL SEE YOU NEXT TIME. 

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THIS WEEK’S VIDEOS

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile had an aunt who invested in the stock market who bought Vaile some stock when he was 10 years old and that experience caused him to want to be a stockbroker. As a result, Vaile became a student of the market.

He went to a couple of different colleges in Illinois, then ended up in a program at Wharton for students who did not graduate from college. 

Vaile was working for Morgan Stanley and living in Lake Geneva, WI, surrounded by friends in the futures markets and he wanted to get involved with what was happening. He said he badgered Morgan Stanley to get involved. They gave him permission, but he said he could see how long it would take for them to truly become involved and he did not have the patience for that.

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