The Spread – This Is How We Do It – 8/24

Spencer Doar

Spencer Doar

Associate Editor

It’s not often that “The Spread” highlights music in the industry (the exception being the DJ activities of Goldman Sachs’ incoming CEO), so today is a treat. Apparently some BNP traders responsible for trying to rig ISDAfix to benefit derivatives positions like to make song references in their messaging. 

The following are links to the stories (and songs) referenced in this week’s episode: 

  • Bloomberg – Citing Salt-N-Pepa, BNP Traders Tried to Rig Benchmark Rate
  • YouTube – Salt-N-Pepa’s “Push It”
  • YouTube – Montell Jordan’s “This Is How We Do It”
  • eFinancialCareers – Yet another big-name equity derivatives MD changes seats
  • eFinancialCareers – Barclays inexplicably parted company with its U.S. head of equity trading
  • ThinkAdvisor – FINRA, Exchanges Set New CAT Schedule After Missing Deadline
  • Bloomberg – One-Way Volatility Bets Seen as ‘Fool’s Errand’ by 6,000% Winner
  • Business Insider Prime – Cboe is telling market makers it is close to launching ether futures
  • WSJ – New ‘Speed Bump’ Planned for U.S. Stock Market

 

Produced by Mike Forrester

John Lothian Newsletter

Today's Newsletter

The Spread – July 30, 2021

The Spread – July 30, 2021

Earnings season in full bloom; Options lead year-to-date derivatives volume; Robinhood’s IPO; John gets real with Get Real VR: Conflicting factors underpin volatility; Cboe cleared for fall European competition; and the Cboe Options Institute’s Kevin Davitt talks about vega in this week’s “Term of the Week.”

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The Spread – July 30, 2021

The Spread – July 30, 2021

Earnings season in full bloom; Options lead year-to-date derivatives volume; Robinhood’s IPO; John gets real with Get Real VR: Conflicting factors underpin volatility; Cboe cleared for fall European competition; and the Cboe Options Institute’s Kevin Davitt talks about vega in this week’s “Term of the Week.”

The Spread – July 23, 2021

The Spread – July 23, 2021

Volatility makes a return appearance as the Delta variant jangles nerves; Treasury bond yields perk up; July options expire; John Lothian chats with Cboe’s Ed Tilly about a World of Opportunity; UBS and SEC reach a settlement; FIA Tech expands; and the Options Institute’s Kevin Davitt explains why contract size matters in the “Term of the Week.”

The Spread – July 16, 2021

The Spread – July 16, 2021

Options traders torn between higher Inflation and steady Fed policy; June market share up at MIAX; John Lothian talks about a World of Opportunity; SEC charges binary options shop with fraud; Moscow Exchange set to offer quarterly options on U.S. stock index futures; and the Options Institute’s Kevin Davitt talks about implied volatility in the “Term of the Week.”

The Spread – July 9, 2021

The Spread – July 9, 2021

Chicago, a data destination; SEC, Robinhood and payment for order flow; John Lothian weighs in with his take; Retail trading continues to percolate; and Cboe’s Kevin Davitt explains the differences between equity and index options in the “Term of the Week.”

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