A daily snapshot of options news regarding regulation, market participants, market structure, and trends in the industry.
capital requirements
The Spread – There Goes the Sun – 3/18
Last year we filmed our FIA Boca edition of "The Spread" in a pool. However, we were at a different Airbnb this time, so you are not in for a repeat treat. The following are the stories referenced in this week's episode: -CME Group -> CME...
Timely Capital Relief Comments From Fed Chair Powell or: The Options Market Stability Act Was On TV!
During Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill, Rep. Randy Hultgren asked Chairman Powell about targeted capital relief for bank-affiliated clearers of options liquidity providers. Recall that Rep. Hultgren...
Basel III sparks trader retreat from listed derivatives
First Read AI is changing this industry. Now what? Jim Kharouf - JLN I spent last week listening to experts in artificial intelligence talk about what AI can and will bring to the markets and the broader world. What is patently clear...
The Spread – Week of 6/25 to 6/29
Looking for something to take your mind off of the summer heat? Well, we have a GEM of a "Spread" for you. (Yes, we talk about Geneva Energy Markets this week.) The following are stories referenced in this week's episode: Business...
Houndstooth’s long-vol ETF bet; GEM liquidates its books; Earnings worries
Observations & Insight Big World Cup Correction and other Miscellany SD - JLN Boy oh boy did I misread the Germany v. Korea recap. It was NOT at all novel that the previous World Cup winner was knocked out in the group stage. In...
The Options Industry Leader Series 2018 – Nasdaq’s Kevin Kennedy
Video series brought to you by OCC In this video from the 36th annual Options Industry Conference in Amelia Island, Fla., Kevin Kennedy, Nasdaq senior vice president and head of U.S. options, talks about how the industry weathered...
Top Options Stories of 2017 Countdown
Correction: SROs did NOT begin reporting to the Consolidated Audit Trail in November - the deadline for implementation was indeed delayed. For a CAT update, see our January 2018 video with Thesys CAT Chief Compliance Officer Shane...
“Unwarranted” G-SIB reqs; Scared of the CAT; Vol comeback welcome
Observations & Insight Bitcoin rockets above $5,000 to all-time high Jemima Kelly - Reuters Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on...
OCC chief Donohue latest to warn over Basel rules; Does a 263% Profit Mean Markets Are Efficient?; What History Says About Low Volatility
Observations & Insight June 2017 Options Exchange Marketshare via OCC ++++++ OCC Cleared Contract Volume Up Two Percent in June OCC OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in June reached...
Liquidity Providers Unduly Penalized By Capital Rules: CTC’s Crutchfield
Financial Reform Objectives at Odds with Effects of Rules What’s a market maker to do when it can’t warehouse risk? The options industry has a problem with bank capital rules. In this JLN video, Steve Crutchfield, head of market...
Collateral Update from Ted Leveroni of Omgeo
After the 2008 financial crisis, national and international regulators laid the groundwork for new capital requirements for banks, dealers, funds and investors. From margin requirements on the $624 trillion swaps market to the stringent bank capital requirements in...
John Lothian Newsletter: CME Group sues to freeze CFTC swap reporting rules; Trade bodies warn on clearing capital burden; Pressure Rises on Fiscal Crisis
CME Group goes to court, asking for help in preventing the CFTC from enforcing its new swap reporting regulations. Two broker trade groups in Europe are warning that new capital requirement rules may wreck the clearing industry in that region. Pressure mounts on the...
Ted Leveroni of Omgeo Discusses Collateral Requirements Under Dodd-Frank
Ted Leveroni is the Executive Director of Derivatives Strategy and External Relations for Omgeo, a financial services company specializing in post-trade operations such as trade allocation, confirmation and settlement for investment managers, broker/dealers and...
John Lothian Newsletter
Today’s Newsletter
Banks roll out robots as pandemic shakes up IT plans
First Read $11,441/$300,000 (3.8%) Thomas F. Chlada, Earle Combs, Gerry Corcoran and Martin Mosbacher ++++ Steptoe & Johnson LLP Makes Good Use of Pandemic Time with Financial Services University Video Series By John J. Lothian Matthew Kulkin of Steptoe &...
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JLN Options Newsletter
Today’s Newsletter
Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for U.S. stocks; Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End
Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for U.S. stocks; Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End
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