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Lead Stories
Pat Kenny, “the most interesting man,” in interesting times
John Lothian News caught up with Pat Kenny, “the most interesting man in the world” according to John Lothian, at the FIA Boca 2022 conference in Boca Raton in March. Kenny is SVP of client relations for CQG, and he talked about CQG One, the company’s newest charting and analytics platform geared toward professional traders, and the effects of the covid pandemic on CQG’s business and on the industry.
Trading Technologies CEO Keith Todd Had Plenty to Announce at FIA Boca 2022 and Expects Even More Later This Year
Keith Todd, the CEO of Trading Technologies, spoke with John Lothian News at FIA Boca 2022, where TT made two important announcements. The first announcement was the KRM-22 risk suite TT added to its platform, which Todd said extends the platform's risk capability and...
OpenFin CEO Mazy Dar Talks Fintech – From Apps and Smart Phones to Cloud Adoption
JLN interviewed Mazy Dar, the CEO of OpenFin, at FIA Boca 2022 about the influence of apps in the future of work, the move toward fewer screens for work from home, and acquisitions.
The Spread
Cboe Completes Acquisition of ErisX; CME Group to Launch options on Micro WTI Crude Oil futures; Cboe FX Markets’ Trading Volume Drops
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe Completes Acquisition of ErisX; CME Group to Launch options on Micro WTI Crude Oil futures; Cboe FX Markets’ Trading Volume Drops
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. Exposure on The Full Underlying Value
The JLN Daily Update
The JLN Newsletter turned into a daily podcast.
MW Page of the day
Carl W. Gilmore
Carl W. Gilmore, a listed derivatives industry executive who was most recently president of Integritas Financial Consulting, has passed away.
LSEG to buy market data solutions provider MayStreet
First Read Hits & Takes John Lothian & JLN Staff The CFTC has assigned advisory committee sponsorships amid the commissions new commissioners. Commissioner Kristin N. Johnson will sponsor the Market Risk Advisory Committee; Commissioner Christy Goldsmith...
Buying Calls Is New Stock Hedge for Traders Eyeing a Big Bounce
Observations & Insight FIA's International Derivatives Expo is returning to The Brewery in London this coming 6-8 June. Standing still is not an option in today's evolving cleared derivatives environment. Without adapting to new products, processes, technologies...
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Cboe Chairman, CEO and President Ed Tilly’s Boca Update Reflects on Growth of Exchange Group and Readiness for Integration
Ed Tilly was happy to be back at the FIA Boca International Derivatives Conference in March to see industry friends, clients and competitors he had not seen since the pandemic hit in 2020. He said he appreciates the conference as an opportunity to catch up with happenings in the industry and with regulators.
Copper.co’s Betty Sharples Weighs in on Digital Asset Protection & Navigating the Regulatory Landscape
Copper.co’s Betty Sharples sat down with John Lothian News on the second day of FIA Boca 2022 to discuss industry growth, protecting digital assets, and her hope for regulatory solutions.
Betty Sharples is the business development director for the digital asset custodian Copper.co, which launched in 2018. Since its inception, Copper has provided custody, trading, and digital asset services across 450 crypto assets and over 40 different exchanges. Sharples said that Copper’s products and services all serve a purpose: to bring prime brokerage to the crypto space.
NovaFori’s Garry Jones wants to transform markets with technology
Garry Jones, the CEO of NovaFori, says the company is focused on digital transformation. He has spent most of his career working in the derivatives markets and applied technology, but now is creating auction platforms for clients such as Christie’s and overlaying them with data science.
Euronext CEO Stéphane Boujnah discusses markets during war time and platform consolidation in Europe
2021 was a watershed year for Euronext with its acquisition of Borsa Italiana. “It was a transaction that changed the scale of Euronext,” said Stéphane Boujnah, CEO and chairman of Euronext’s managing board. Boujnah spoke with John Lothian News at the FIA Boca 2022 conference about the impact of the Ukraine War on European markets and what’s in the future for the platform that bills itself as the “One unique marketplace connecting seven European economies.”
Cboe To Launch New Equity Index Products; FIA hits record volumes; SEC Kicks Off Scholars Program Applications
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe Europe’s New Equity Index Products; FIA hits record volumes; SEC Kicks Off Scholars Program Applications
JOHN’S TAKE: Cboe Empowers Scholarships Surprise Ceremony Gets a Closer Look
TERM OF THE WEEK: This week’s Term of the Week presented by Euronext Knowledge Centre is Intrinsic Value of Cash Settled Options.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 4/18/2022
ICE Mortgage Fixed Rate Lock Index Futures Seek to Solve A Problem As Old As Interest Rate Futures
ICE is trying to solve a problem as old as interest rate futures, but is bringing to bear new resources and businesses it has acquired and grown over the last several years. That problem is how to hedge mortgage rates.
John Lothian News talked to David Farrell, chief operating officer of ICE Futures US, about ICE Mortgage Rate Lock Index futures, which are to launch on June 13, 2022, subject to regulatory approval.
Institutional Trading, Options Growth Among Q1 2022 Trends, say FIA Webinar Participants
The trend for the first quarter of 2022 is a revival of institutional trading – along with continued rapid growth in the options space, according to an FIA webinar Thursday morning hosted by Will Acworth, senior vice president of publications, data & research, FIA, with Morgan Stanley’s Reed Staub, executive director, head of US interest rate futures, and Erin Perzov, head of futures content.
Qontigo CEO Sebastian Ceria Talks ESG, Thematic Indices & The Future of the Indexing World
Qontigo’s chief executive officer Sebastian Ceria sat down with John Lothian News at FIA Boca 2022, where he discussed the inner workings of creating an index, Qontigo’s role in the ecosystem, and emerging trends within the industry.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 4/11/2022
Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships #2
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: FEX Global Suspends Argus Futures and Options Contracts; CME Group Makes Leadership Changes; ICE Expands ESG Efforts
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. A right to Buy or an Obligation to Sell
Catherine Clay on How Cboe Global Markets is a Different Company Now at Boca 2022
Cboe Global Markets is a very different company today than it was the last time people gathered together at FIA Boca, said Catherine Clay, the company’s executive vice president, global head of data and access solutions. Cboe has made a number of strategic fintech acquisitions in recent years, acquiring Hanweck Associates, a real-time risk analytics company, FT Options, a portfolio management platform, and TradeAlert, a distributor of market intelligence, in 2020, and acquiring the Canadian fintech company NEO and the digital asset spot market ErisX in 2021.
Citadel Securities’ Troy Kane discusses the growth of retail trading, Citadel’s wade into Crypto, and its growth in Asian markets
Troy Kane got his start when he was 14 years old working on the trading floors of the Chicago Board of Trade for his mother’s company and clerking for locals. “My first job was to collect the trading cards every 15 minutes and tally up positions,” Kane said. “So if you were wrong, you were usually fired that day, so you better not be wrong. I did that every summer in high school and learned the business from the ground up.”
Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. American or European style.
ICE’s Chris Edmonds Dishes on Risk, Messaging and Systemically Important Financial Institutions at Boca 2022
ICE’s Chris Edmonds took on an even bigger role at the exchange group in December when he was named chief development officer in addition to his role as head of clearing and risk for Intercontinental Exchange. He already had responsibility for six clearinghouses around the globe and was asked to add marketing and communications.
Eventus CEO Travis Schwab on Regulation, Transformation and Crypto at Boca 2022
Eventus Systems’ CEO Travis Schwab has been coming to the FIA conference in Boca Raton for 20 years and said it was great to be back to seeing clients in person again this year. Schwab spoke with John Lothian News at the conference about Eventus’ marketing, regulatory and volatility challenges, and the burgeoning crypto field.
Euronext CEO Stéphane Boujnah discusses markets during war time and platform consolidation in Europe
2021 was a watershed year for Euronext with its acquisition of Borsa Italiana. “It was a transaction that changed the scale of Euronext,” said Stéphane Boujnah, CEO and chairman of Euronext’s managing board. Boujnah spoke with John Lothian News at the FIA Boca 2022 conference about the impact of the Ukraine War on European markets and what’s in the future for the platform that bills itself as the “One unique marketplace connecting seven European economies.”
Cboe To Launch New Equity Index Products; FIA hits record volumes; SEC Kicks Off Scholars Program Applications
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe Europe’s New Equity Index Products; FIA hits record volumes; SEC Kicks Off Scholars Program Applications
JOHN’S TAKE: Cboe Empowers Scholarships Surprise Ceremony Gets a Closer Look
TERM OF THE WEEK: This week’s Term of the Week presented by Euronext Knowledge Centre is Intrinsic Value of Cash Settled Options.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 4/18/2022
ICE Mortgage Fixed Rate Lock Index Futures Seek to Solve A Problem As Old As Interest Rate Futures
ICE is trying to solve a problem as old as interest rate futures, but is bringing to bear new resources and businesses it has acquired and grown over the last several years. That problem is how to hedge mortgage rates.
John Lothian News talked to David Farrell, chief operating officer of ICE Futures US, about ICE Mortgage Rate Lock Index futures, which are to launch on June 13, 2022, subject to regulatory approval.
Institutional Trading, Options Growth Among Q1 2022 Trends, say FIA Webinar Participants
The trend for the first quarter of 2022 is a revival of institutional trading – along with continued rapid growth in the options space, according to an FIA webinar Thursday morning hosted by Will Acworth, senior vice president of publications, data & research, FIA, with Morgan Stanley’s Reed Staub, executive director, head of US interest rate futures, and Erin Perzov, head of futures content.
Qontigo CEO Sebastian Ceria Talks ESG, Thematic Indices & The Future of the Indexing World
Qontigo’s chief executive officer Sebastian Ceria sat down with John Lothian News at FIA Boca 2022, where he discussed the inner workings of creating an index, Qontigo’s role in the ecosystem, and emerging trends within the industry.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 4/11/2022
Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships #2
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: FEX Global Suspends Argus Futures and Options Contracts; CME Group Makes Leadership Changes; ICE Expands ESG Efforts
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. A right to Buy or an Obligation to Sell
Catherine Clay on How Cboe Global Markets is a Different Company Now at Boca 2022
Cboe Global Markets is a very different company today than it was the last time people gathered together at FIA Boca, said Catherine Clay, the company’s executive vice president, global head of data and access solutions. Cboe has made a number of strategic fintech acquisitions in recent years, acquiring Hanweck Associates, a real-time risk analytics company, FT Options, a portfolio management platform, and TradeAlert, a distributor of market intelligence, in 2020, and acquiring the Canadian fintech company NEO and the digital asset spot market ErisX in 2021.
Citadel Securities’ Troy Kane discusses the growth of retail trading, Citadel’s wade into Crypto, and its growth in Asian markets
Troy Kane got his start when he was 14 years old working on the trading floors of the Chicago Board of Trade for his mother’s company and clerking for locals. “My first job was to collect the trading cards every 15 minutes and tally up positions,” Kane said. “So if you were wrong, you were usually fired that day, so you better not be wrong. I did that every summer in high school and learned the business from the ground up.”
Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe, MIAX & OCC Release Trading Volumes; Tesla CEO’s stake in Twitter Sparks Options Bets; Cboe Awards Scholarships
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. American or European style.
ICE’s Chris Edmonds Dishes on Risk, Messaging and Systemically Important Financial Institutions at Boca 2022
ICE’s Chris Edmonds took on an even bigger role at the exchange group in December when he was named chief development officer in addition to his role as head of clearing and risk for Intercontinental Exchange. He already had responsibility for six clearinghouses around the globe and was asked to add marketing and communications.
Eventus CEO Travis Schwab on Regulation, Transformation and Crypto at Boca 2022
Eventus Systems’ CEO Travis Schwab has been coming to the FIA conference in Boca Raton for 20 years and said it was great to be back to seeing clients in person again this year. Schwab spoke with John Lothian News at the conference about Eventus’ marketing, regulatory and volatility challenges, and the burgeoning crypto field.
John’s Take: Four New Women CFTC Commissioners Was More Historic Than I Thought
When four women were confirmed by the U.S. Senate for the U.S. Commodity Futures Trading Commission and it was heralded as a historic event, I decided to look into the history of the commission and the number of women who have served and who they served with. At no...
CFTC History Made with Four Women Commissioners; CME Group Launches Micro-Sized Options; Meme Stocks Surge in Trading … Again
ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: CFTC History Made with Four Women Commissioners; CME Group Launches Micro-Sized Options; Meme Stocks Surge in Trading
TERM OF THE WEEK: Euronext presents “Options Term of the Week”. The difference between market and exercise price.
David Howson Looks Forward to His New Role and the Coming Year at Cboe
David Howson will start a new role as president of Cboe on May 12, 2022, after joining the exchange in 2017. Howson started his exchange career in the City of London on the open outcry floor, and he says it is ironic that he will be relocating to Chicago, the home of the open outcry floor.
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