The Spread – Numbers on the Board
Spencer Doar
Editor
More options litigation, some poor “Game of Thrones” guesswork, Mexican oil hedging, and more topics await viewers in this episode of “The Spread.”
The following are stories referenced in this week’s episode:
–Business Wire -> Kirby McInerney Investigates So-Called “Collateral Yield Enhancement” or “CYES” Options Trading Strategy Which Caused Significant Losses to High Net Worth Clients of Merrill Lynch, Morgan Stanley, and Other Firms
–MarketVoice (from April 2019) -> Victory Capital reverses move into options trading, cancels Harvest acquisition
–Henry Schwartz on LinkedIn -> First block size transaction in SPIKES Volatility Index
–CME Notice of Summary Action -> Disciplinary Notice 14-9725-BC
–Reuters -> Challenges slow Mexico’s billion-dollar oil hedge this year -sources
–OCC -> OCC Announces Four New Senior Leaders
Produced by Mike Forrester
John Lothian Newsletter
Today's Newsletter
SEC GameStop Report Debunks Conspiracies, Backs Gensler Plan
First Read $53,806/$300,000 (17.9%) ++++ FIA Tech's Atlantis Ready for More Options Brokers John Lothian - John Lothian News Give-up Settlement and Payment System Improves Efficiency, Speeds up Payments FIA Tech is trying to solve a problem for options brokers with a...
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Kenny Polcari – Open Outcry Traders History Project Part One
When he was young, Kenny Polcari wanted to be in politics – preferably to eventually be president of the United States. But, he said, “Thank God none of that came true.”
When he was 19, he interned on the floor of the New York Stock Exchange. He knew nothing about the business and was from Boston rather than New York. At first he thought, “Who wants to move to New York City in the summer as a 19 year old kid?” He was going to go back to Cape Cod and be a lifeguard. But he thought about it and did his homework and said, “What’s the worst that can happen?”
FIA Tech’s Atlantis Ready for More Options Brokers
FIA Tech is trying to solve a problem for options brokers with a solution that’s worked for futures brokers and exchange-traded derivatives. That problem is improving the efficiency of give-ups and take-ins reconciliation, settlement and payments.
In July, FIA Tech announced the expansion of its Atlantis service to help options brokers settle give-up trades faster and get paid sooner, while freeing up human resources thrown at this complex problem. One hundred million contracts a month are processed via Atlantis, which is expanding into options in a two-part process.
Stock Rally Resumes Despite Mixed Bag of Data; John’s Take Dives Into FIA Tech’s Atlantis; Covered Calls Unmasked – The Spread – October 15, 2021
– Equity options volatility ebbs as markets resume rally, fixated on upbeat earnings;
– John’s Take looks at FIA Tech’s expanded Atlantis service for options brokers;
– Why use Covered Calls? The options Term of the Week with Jermal Chandler.
CME Clearing Project Seeks Sustainable Solutions
Investor interest in sustainable investments is expanding rapidly. A survey of 179 global asset owners published by FTSE Russell on October 7 found that more than 84% are implementing or evaluating sustainable investments in 2021, up from 53% in 2018. But with uniform criteria of those investments’ “green” attributes a work in progress, CME Group has jumped into the fray with its Sustainable Clearing Project.
