Options News

OCC’s Tech Overhaul Poised to Reshape Options Trading

OCC’s Tech Overhaul Poised to Reshape Options Trading

In the heart of Asheville, NC, in a quiet corner of the bustling Options Industry Conference, Mike Hansen, the chief clearing and settlement services officer of the Options Clearing Corporation (OCC), sat down for an interview with John Lothian News for the JLN Industry Leader video series sponsored by the OCC. His demeanor was calm, but his words carried the weight of an industry on the cusp of significant change.

Hansen, a veteran with over two decades in the options industry, is at the forefront of several transformative initiatives. As the Dallas site leader for OCC, the world’s largest equity derivatives clearing organization, he’s overseeing a technological revolution that promises to reshape the landscape of options trading.

My Skepticism Persists Despite BlackRock’s Larry Fink Reversing Stance, Declaring Bitcoin a Legitimate Financial Instrument

My Skepticism Persists Despite BlackRock’s Larry Fink Reversing Stance, Declaring Bitcoin a Legitimate Financial Instrument

The CoinDesk story that reported that BlackRock’s Larry Fink has declared that bitcoin is a legitimate financial instrument struck a sour note with me. It was just seven years ago, before BlackRock’s Bitcoin ETF hit $21 billion in equity since its launch in January of this year, that Fink was not a bitcoin fan. BlackRock may have $10.6 trillion in assets under management, which gives Fink headlines and gravitas, but his declaration is still just an opinion. 

In 2017, Fink, the CEO of BlackRock, had a notably different and critical view of bitcoin, describing it as “an index of money laundering.” This stance reflected a broader skepticism about the cryptocurrency, which he perceived as being associated with illicit activities.

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

In an interview at the Options Industry Conference in Asheville, NC, James Hyde, head of business development and strategic partnerships at NYSE Options, offered insights into the current state of the options industry. The interview, conducted by John Lothian News as part of the JLN Industry Leader video series sponsored by OCC, touched on several key topics shaping the market.

When asked about customer priorities, Hyde highlighted the growing interest in short-dated single-name options in the equity space. “The industry is clearly focused on that,” he said, noting that a wide group of stakeholders, including representatives from the Options Clearing Corporation (OCC), exchanges, and the SEC, are actively discussing the topic. 

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

Alan Knuckman Reflects on His Journey from Michigan to Chicago’s Trading Floors

In a recent interview for the John Lothian Profiles video series, veteran trader Alan Knuckman recounted his path from a small mining town near Lake Superior to the bustling trading floors of Chicago. Knuckman’s story is one of perseverance, adaptability, and a deep understanding of market psychology, shaped by his early life experiences and career transitions.

Growing up in a town reliant on iron ore mining, Knuckman was exposed to the cyclical nature of commodities from a young age. His grandfather, a loadmaster, was integral to the iron ore industry, loading wood pellets onto boats that would traverse the Great Lakes to Indiana for steel production. This early exposure instilled in Knuckman a keen awareness of booms, busts, and the intricate workings of commodity markets.

NYSE Options Executive Discusses Industry Growth, Technology Advancements, and Global Expansion

NYSE Options Executive Discusses Industry Growth, Technology Advancements, and Global Expansion

In a recent interview at the Options Industry Conference in Asheville, NC, Meaghan Dugan, head of NYSE Options, shared insights on the evolving landscape of the options industry and the exchange’s technological advancements.

Dugan highlighted the significant growth in the options market, particularly in short-dated instruments. The options industry has seen a surge in new listings, especially in the short-dated space, she said, pointing to the introduction of Wednesday options as a tradable instrument in the US options market.

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

SIFMA’s Ellen Greene Discusses Key Concerns and Expresses Optimism at Options Industry Conference

Ellen Greene, managing director of equity and options market structure at the Securities Industry and Financial Markets Association (SIFMA), shared insights on key industry concerns at the Options Industry Conference in Asheville, North Carolina, in an interview with John Lothian News sponsored by the OCC.

Greene expressed cautious optimism about the overall health of the options market, noting that volumes continue to grow, averaging over 47 million contracts traded daily in 2024. She emphasized the importance of investor access and the tools provided by retail firms for making informed trading decisions.

Regulatory Uncertainty Clouds Options Market Innovation

Regulatory Uncertainty Clouds Options Market Innovation

David Dooman, head of options at Dash Financial, a subsidiary of ION Group, expressed concerns about the impact of regulatory uncertainty on the options markets during an interview at the Options Conference in Asheville, NC.  Dooman highlighted several key issues stifling innovation and offered recommendations to address the industry’s challenges.

A Milestone in Indexing: FTSE Russell Celebrates 40 Years of the Russell US Indexes during Russell Reconstitution

A Milestone in Indexing: FTSE Russell Celebrates 40 Years of the Russell US Indexes during Russell Reconstitution

Elmhurst, IL (JLN) -In a recent roundtable, we spoke with Catherine Yoshimoto, director of product management at FTSE Russell; Paul Woolman, Managing Director – Global Head of Equity Index Products from CME Group; and Rick Rosenthal, Managing Director – Global Head of Equity Index Products at Cboe Global Markets. They shared insights on the significance of this year’s Russell Reconstitution and its implications for market participants.

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