See also: Barclays sells equity options trading division to GTS, ‘Black Swan’ Index Flashes Yellow: Wall Street Is Not Scared, and more.
yuan
Derivatives trader carousel continues; Vol begs volume in June
Observations & Insight The Spread - Playing Ketchup - 7/19 JohnLothianNews.com As there was no installment of "The Spread" last week, we added a brief lightning round to the end of this week's options news recap. This week's...
Goldman exits options market making; Historic volatility; SocGen struggles
Lead Stories Goldman Sachs to Withdraw From Part of U.S. Options Market Brian Louis - Bloomberg Will stop serving as a market maker on U.S. exchanges; Traders struggling with high costs, low volatility in options Goldman Sachs Group Inc. will stop serving as a market...
HFTers adjust; “Low” VIX in context; Chinese firms rush to FX hedges
Lead Stories High-frequency traders adjust to overcapacity and leaner times Nicole Bullock - Financial Times Recalling the years around the financial crisis may still bring a shudder to many on Wall Street, but for high-speed traders 2008-2009 were pay dirt. The...
VIX Hedging and College Sports; Convergex’s CEO Noll to Leave Firm; China Considers Changing Yuan Fixing Formula to Curb Swings
Observations & Insight Options Adoption: Growth Potential in the Advisory Space JohnLothianNews.com In this JLN video, Emily Sweet, senior analyst with Cerulli Associates, goes through some key findings from a study the firm conducted titled "How Financial...
Hedging demand perks up even as volatility craters; Derivatives market is short of a $3.7tn lifeboat; Trapped China Cash Breathes Life Into Hong Kong Yuan Banking
Lead Stories Hedging demand perks up even as volatility craters Saqib Iqbal Ahmed - Reuters Soaring U.S. share prices and plunging market volatility measures may paint a picture of optimism, but there are signs in the equity options market that investors have started...
Sectors Go Wild: S&P 500 Correlations Crumble; Clearinghouses Park Billions in New Fed Accounts; Yuan Options Most Bearish Since June as Traders See Sharper Drop
Observations & Insight Holiday Publishing Note Due to Thanksgiving, we will not be publishing this newsletter on Thursday or Friday. We will be back on Monday, albeit a few pounds heavier. A quick "Did you know?" about the holiday: Everybody has heard the old...
John Lothian Newsletter: Swift CEO Expects More Hacking Surprises as Fix Is Years Away; Data Terminal anxiety as big banks cut costs; ICAP Lands Deal for Mainland China’s Yuan-Trading Platform
First ReadOff to London and IDXBy John LothianDoug Ashburn, Jim Kharouf and I and two interns are headed to IDX next week in London. We will be conducting video interviews from The Brewery and attending the conference there. Our schedules are filling quickly, but if...
John Lothian Newsletter: National Stock Exchange relaunches, aims to shake up U.S. industry; ASX eyes ‘blockchain’ for risk management of market trades; OPEC Sees Demand for Its Crude Oil Falling for Rest of Decade
First Read MF Global Advocate Koutoulas At Center Of Controversy Again By Mark Melin - Value Walk Until recently, the derivatives industry was most often ignored, overlooked and dismissed as too complex or arcane to warrant attention in the mainstream. For many who...
John Lothian Newsletter: World Leaders Meet in Paris to Overcome Divisions on Climate Change; Deutsche Börse to encourage hidden trades; Wall Street Group Pushes Trading of China’s Yuan in U.S.
First Read All Eyes on Paris, and...Singapore By JLN Staff All eyes are on Paris this week, site of the recent terrorist attacks, as the city hosts the COP21 climate change talks that only potentially hold the fate of the planet in their grip. Next week, the focus for...
John Lothian Newsletter: EU Financial-Markets Overhaul Start Date May Be Delayed by Year; CFTC Seeks to Bar Trader in Spoofing Case; China to Allow Direct Conversion Between Yuan and Swiss Franc
First Read A Bad Way to Make Banks Safe By Editorial Board - Bloomberg Global regulators say they're making progress in reducing the threat that the world's largest banks can pose to the economy. Actually, new rules may be making things worse. bv.ms/1QfOvjx ***** I...
John Lothian Newsletter: China promises to make currency yuan freely traded by 2020; SGX establishes connectivity with CME Group co-location facility; Morgan Stanley’s James Gorman Elected to New York Fed Board
First Read Tomorrowland: The New Wave Of Technology Is Here By Jim Kharouf, JLN This is where Silicon Valley innovation meets LaSalle Street, Wall Street and the City. The FIA's move to debut its Innovation Hall at this year's FIA Expo, highlighting startups in the...
John Lothian Newsletter: Deutsche Börse chief Carsten Kengeter maps out path to growth; The World Wide Web, the New Frontier in Fraud; Asset managers ‘fatigued’ by cost and scale of regulation
First Read Bits & Omissions By John J. Lothian Yesterday I excluded the name of another contributor to my Boy Scouts' fundraising for their trip to the World Scout Jamboree in Japan. I would like to thank Mr. Keizo Goto, senior managing director of The Financial...
John Lothian Newsletter: HK Exchanges gets OK to launch yuan futures; Traders call for changes to broker reporting; Glitches halt new Goldman trade platform
The Hong Kong Exchange scores a World First, receiving approval to begin trading yuan currency futures later this year. Fund managers are calling on brokers to change how they report trades, allowing better understanding of who is getting the best results. Goldman...
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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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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
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