This week on The Spread – election volatility makes options more expensive, the CME has a COVID scare, and more.
Tokyo Stock Exchange
Tokyo Stock Exchange Trading Is Halted by System Problem
First Read Hits & Takes JLN Staff The thing I like about JPX is that when one of their markets has an issue, they apologize for the inconvenience to investors. I appreciate their apology, even if it was the hardware's malfunctioning's fault. Bloomberg is reporting...
Tokyo Stock Exchange head hits out at foreign investment rule
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesBy JLN StaffI want to thank all the musicians who performed last night at the ALTSO Rocktoberfest and all those who helped make the event a huge success. You did good...
‘Inverted’ Model Said to Be Considered for NYSE’s Newest Exchange; LSE-Deutsche Börse merger crumbles as tensions boil over; Tokyo Stock Exchange aims to use AI to detect unfair trading
First Read A New CBOE By Jim Kharouf, JLN Editor-in-Chief While the London Stock Exchange-Deutsche Boerse deal looks to be failing, an acquisition in Chicago is done. CBOE Holdings and Bats Global Markets are due to close their deal today, bringing together two...
You Gotta Have Wa: JPX Looks For Harmony And Expansion With New Trading Platform
Just over three years ago, Japan's equity and financial derivatives markets made a bold move to consolidate in an effort to leverage their strengths and create a cash equity and derivatives powerhouse through the merger of the Tokyo Stock Exchange and Osaka...
Asia: Pieces Falling Into Place
Talking about Asia often leaves professionals from those regions a bit tongue-tied. When JLN decided to do a special report talking about Asia, many of those experts had the same question: “Which country? Asia is a big place.”...
John Lothian Newsletter: Tokyo, Osaka Bourses Merge as Japan Exchange Group; Collateral clawback fears leave US pension funds unable to clear; Europe, Asia banks join U.S. in swap dealer line-up
Without fanfare, the stock exchanges in Tokyo and Osaka complete their merger and turn their collective eye toward TOCOM. New FCM-clawback provisions are leaving some pension funds out in the cold as clearing clients, amid fears that collateral posted by funds could...
John Lothian Newsletter: Japan Exchange Clears Last Hurdle as Shareholders OK Deal; Aquis Exchange appoints first directors; LCH in Singapore FX clearing talks
Tokyo Stock Exchange and Osaka Securities Exchange round the corner toward the merger finish line, as shareholders signal approval for the deal. Aquis Exchange, a new venue in Europe slated to open for business around the middle of next year, has hired its first...
John Lothian Newsletter: Reform looms anew for money market funds; NYSE Amex Options to Eliminate Position Limits for Options on SPY; Japan takes its first steps
The day after the SEC declared it would abandon its effort to reform money market funds, other regulators in and out of the US say they will step up and consider new requirements. NYSE Amex Options exchange announces that they’ve received SEC approval to eliminate...
John Lothian Newsletter: Tokyo, Osaka bourses say their merger approved; Maple-TMX Group merger clear approval hurdles; NYSE Plan Angers Brokers
Good progress (for a change) made on a couple of exchange mergers. Tokyo and Osaka stock exchanges announce that they got a vote of no-interference from the regulator reviewing their merger plans; and TMX Group gets a not-red light to proceed with the Maple Group...
John Lothian Newsletter: SEC Options Cases Highlight CBOE Regulation; HKEx to offer renminbi futures; Tokyo Trading Glitch Thaws Resistance to Alternative Platforms
As the SEC takes additional action against broker OptionsXpress, the CBOE finds itself in the middle of a much closer look at how it supervises its members. The Hong Kong Exchange announces plans to issue futures contracts for trading the Chinese yuan. Fault and...
John Lothian Newsletter: Nasdaq OMX delays Euro clearing plan; TSE set to exit Aim joint venture with LSE; MF Global clients see recovery prospects improving
Facing regulatory uncertainty, Nasdaq OMX slows down plans to offer clearing choices to clients. The Tokyo Stock Exchange pulls away from Aim, its joint venture with LSE, having decided that one listing wasn't really enough to be considered worthwhile. MF Global...
John Lothian Newsletter: Opposition to Japanese Bourses Tie-Up Mounts; NYSE sets ‘full service’ clearing house for London; MF Global Trustee Sees $1.6 Billion Customer Shortfall
Osaka Securities Exchange investors tell company management to demand more-bigger-better in the pending deal with TSE. NYSE-Euronext declares its interest in creating a full-on clearing service in London. The MF Global bankruptcy trustee, after using ALL the fingers,...
John Lothian Newsletter
Today’s Newsletter
How Many Americans Will Ayn Rand Kill? Liberty doesn’t mean freedom to infect other people; EU explores tougher curbs on City hedge fund managers
First Read $9,041/$300,000 (3%) How we think and what we think about Peak6 is about to change By John J. Lothian Peak6 was founded as a proprietary trading firm in Chicago by Matthew N. Hulsizer and Jennifer Just. We might think of Peak6 as the firm with the...
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JLN Options Newsletter
Today’s Newsletter
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
Everything you need to know about Options Today