Stock ‘fear gauge’ flawed, Citi equity trading chief says
Reuters via Yahoo! News
By Simon Jessop LONDON – Investors seeking to predict the magnitude of share price moves at times of market flux may get a faulty steer from a closely watched “fear gauge”, one of investment banking’s top equity traders has warned. Citi’s Mike Pringle, global head of equity trading at the third-biggest U.S. bank, told Reuters that the VIX volatility index is now as much a traded asset as it is a guide to investors seeking protection from losses.
Interactive Brokers to pay $300,000 fine
Interactive Brokers Group Inc. IBKR -0.36% agreed to pay a $300,000 fine for failure to properly register futures with the National Futures Association.
The NFA found that a small number of hedge funds that use Interactive Brokers to execute and clear their U.S. and global securities and futures trades hadn’t been properly registered with NFA. The company also failed to report futures brokers’ bank accounts to the NFA.
Former Futures Magazine Managing Editor Dan Collins Launches New Financial Blog “Dan Collins Report”
Dan Collins, the former Managing Editor of Futures Magazine, launches a blog covering the world of futures, commodities, managed futures, alternative investments and the trading world in general.
Sucden Financial Named ‘Best Online Futures & Options Provider’
Sucden Financial Limited has been named ‘Best Online Futures and Options Provider’ in the MoneyAM Awards 2013. The awards from MoneyAM, the private investor website, recognise innovative products and a high quality service from companies in the online world of finance.
NYSE Euronext Announces Trading Volumes for June 2013
Business Wire via Yahoo! Finance
NYSE Euronext today announced trading volumes for its global derivatives and cash equities exchanges for June 20131. Global derivatives average daily volume of 8.7 million contracts, excluding Bclear in June 2013 increased 32.6% compared to June 2012 and increased 15.7% from May 2013.
NYSE Vows to Save Libor as Chilton Questions Neutrality
NYSE Euronext marched itself to the center of the financial world’s biggest scandal today, vowing to restore confidence in the London interbank offered rate amid a rigging investigation that has generated $2.5 billion in fines.
Malloch: The SEC Is Broken. Here’s How to Fix It
The Motley Fool
Author Ted Malloch discusses how to reform the SEC.
Independent Broker-Dealer MoneyBlock and The Options Institute at CBOE Join to Educate Financial Advisors on Options and Portfolio Strategies
MoneyBlock, an online broker-dealer serving independent reps and advisors, and The Options Institute at the Chicago Board Options Exchange, the oldest and largest U.S. options exchange and the creator of listed options, today announced a webinar series aimed at educating financial advisors on options strategies that could offer flexibility in generating income, and managing risk and volatility.
Will Crude Keep Gushing?
Alcoa has the record yesterday for adding the most market cap to broad market equity prices following just a ho hum earnings report. With a shortage of news and not much happy going on in Europe the only thing to make the market rally was good old AA. Did anyone notice the VIX got to near 14% today?
New York hedge fund creates value trading index options
As the financial crisis of 2008 recedes into memory, the market surges upward and volatility subsides, investor demand for options as protection fades. While clients are still concerned about risk, they are also interested in making money in the current low-interest-rate environment.
One hedge fund manager, which offers both an alpha fund and a tail-risk strategy designed to protect against crisis periods, is finding that clients are opting for the alpha strategy after comparing the two. A fund’s alpha is the excess return of the fund relative to the return of the benchmark index.
Why So Many Investors Lose With Options
The Motley Fool
The promise of getting rich quick never goes out of style. Whether it’s the latest side-business scheme or the perfect penny-stock pitch, many people are vulnerable to questionable and risky strategies that hold even the possibility of producing great wealth.