Get a FREE 90 day trial of John Lothian Newsletter First ReadA Great Day to Start Trading Micro E-Mini FuturesJohn J. LothianA Trump-influenced lower equity market and then a near rebound produced the perfect day for the CME Group to start...
clearinghouse
Ushering In The OCC’s Renaissance – John Davidson, OCC
The OCC’s ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC’s Project Renaissance aims to revamp the central counterparty’s data, risk management and clearing systems. The OCC chose Cinnober as a partner for the...
ECB scraps clearing powers request in EU tussle; Europe’s bourses say report refutes data profiteering claims
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe FIA is looking for a new VP of Global Industry Operations and Execution to oversee FIA's Operations and market Technology Divisions. Here is a link for...
The Spread – OTC Options: Prescription Needed? – 3/1
If Christopher Walken were a derivatives exchange executive, he might be known for the quote, "I got a fever, and the only prescription... is more clearing!" This this week's episode features the following stories: -BusinessWire -> CAT NMS...
The Spread – Alternative History – 2/15
It was a semi-slow week for options news, the big exception being the SEC's surprise rejection of the OCC's capital plan. In this episode, we wonder what could have happened in a different universe. The following are stories referenced in...
SEC rejects OCC’s capital plan; Beware pools of liquidity – they could be a mirage
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe inimitable Nils-Robert Persson stepped down as executive chairman of Cinnober yesterday after 20 years with the firm. In a post in LinkedIn, he said he...
Nasdaq to buy Cinnober; Nordic Power Whale Booted After $117 Million Loss
Get a FREE 90 day trial of John Lothian Newsletter First Read What does your clearinghouse DEFCON scale look like today? By Jim Kharouf Talk about timing. Ten years after the collapse of the global financial market and a decade of...
What does your clearinghouse DEFCON scale look like today?
Talk about timing. Ten years after the collapse of the global financial market and a decade of rebuilding it, Nasdaq reports that Nasdaq Clearing had to cover for a clearing member default of €114 million on Nasdaq Nordic, a default...
Finding Opportunity: Peter Lenardos, CFO, Cinnober Says Growth and Profitability Are Coming
Cinnober has built its reputation in the industry as a pioneer and an opportunistic company that looks for new ways to address market needs. So in many ways it was not surprising the firm hired Peter Lenardos as its new CFO two weeks...
Brexit’s Influence on Global Markets
MiFID II was more than 20,000 pages with 21 million paragraphs of regulation. Considering its scope, things have gone rather smoothly since it went into effect in January. But for Simon Puleston Jones, FIA’s head of Europe, there is...
SEC Urges End to CAT standoff; Deutsche Boerse plans FX expansion; HKEX working with ASX on blockchain
First Read Hits & Takes JLN Staff Our Page Of The Day yesterday was industry legend Robert J. O'Brien, who turned 100 years old yesterday. His contributions to the industry and interviews with Mr. O'Brien were documented in the RJO O'Brien Centennial Video about...
Clearinghouses Push Back Against Worries Over Their Size; Two Sigma rapidly rises to top of quant hedge fund world
First Read Hits & Takes By JLN Staff Bad news for Deutsche Boerse as the judge in the insider trading case against Carsten Kengeter declined to approve a settlement that was submitted by prosecutors. As reported by the FT, the case is crippling Deutsche Boerse at...
Cybersecurity is very, very tough: How a SIFMU’s cyber chief sees the threat
The OCC’s new chief security officer talks about risks and prevention. It's alarming and getting ugly. The Equifax hack in March compromised the personal information of an estimated 40 percent of the United States population. The Bangladeshi central bank is down $81...
Cloudy with clearing: What the next clearing house looks like
John Davidson joined OCC as president and chief operating officer in May with a firm focus on ushering in the next generation of clearing technology for the world's largest clearing organization. Davidson is one of several recent executive team hires tasked with...
John Lothian Newsletter
Today’s Newsletter
CME Group to Launch a Global Emissions Offset (GEO) Futures Contract on March 1
First Read $27,051/$300,000 (9.0%) Jeremy Grant ++++ Hits & Takes John Lothian & JLN Staff Janet Yellen was confirmed by the U.S. Senate as U.S. Treasury Secretary, the first woman to hold the position first occupied by Alexander Hamilton. The vote was 85-14...
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JLN Options Newsletter
Today’s Newsletter
Retail Traders Are Piling Into Viral Options Calls at All-Time High Level
Observations & Insight Sarah Ponczek of Bloomberg News shared on Twitter that 32 million call options traded yesterday, the second most on record, only behind a day last November. Lead Stories Retail Traders Are Piling Into Viral Options Calls at All-Time High...
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