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“Alex Perry's Optionstopia” FEX Global Suspends Argus Futures and Options Contracts; CME Group Makes Leadership Changes; ICE Expands ESG Efforts | John Lothian News

“Alex Perry’s Optionstopia” FEX Global Suspends Argus Futures and Options Contracts; CME Group Makes Leadership Changes; ICE Expands ESG Efforts

Alex Perry Author John Lothian News

ALEX PERRY

 Associate Editor

Alex Perry is an Associate Editor with John Lothian News with a primary portfolio of contributing to the options-centric video series The Spread and options related news.

Alex Perry’s Optionstopia 

FEX Global Suspends Argus Futures and Options Contracts; CME Group Makes Leadership Changes; ICE Expands ESG Efforts

Options News Script

This week: Elon Musk opts out of Twitter leadership role, SGX hits a two-year high on market statistics, and ICE is ramping up sustainability efforts.

 

This is Alex Perry with John Lothian News, and this is your recap of options and market news from the week. Here are some of the week’s top stories. 

 

FEX Global Suspension of ESPO Asian Crude (Argus) Futures and Options Contracts

FEX

/bit.ly/3jqBBCV

 

The Financial and Energy Exchange Group (FEX Global) announced that it is suspending all futures and options trading pertaining to the ESPO Asian Crude (Argus) Benchmark. The Australia-based exchange reported that the suspension is indefinite and that it is “deeply concerned about the invasion of Ukraine and believe[s] that this action is in line with both the legal and other sanctions that have been imposed on Russia and Belarus as well as the intent of those sanctions.”

 

SGX Group reports market statistics for March 2022

SGX

/bit.ly/3jqQjtD

 

Singapore Exchange (SGX Group) released its March 2022 market statistics. The exchange reported that the derivatives daily average volume (DAV) increased to 1.2 million contracts, which is the highest volume in two years. Total traded volume increased 42% month-on-month to 26.3 million contracts. 

Elon Musk Decides Not to Join Twitter’s Board

The Wall Street Journal

https://www.wsj.com/articles/elon-musk-reverses-decision-to-join-twitters-board-twitter-ceo-says-11649648263?mod=hp_lead_pos1

 

Last week Twitter announced that Tesla CEO Elon Musk would join the social media company’s board of directors after buying more than 9% of the company. However, this week, it was reported that Musk decided not to join the board. Twitter’s stock dropped 7% the morning it was announced. Musk said that Twitter should focus on solving San Francisco’s homeless problem by turning its San Francisco-based office into a homeless shelter, since most employees work remotely. Amazon founder Jeff Bezos took notice of the idea and announced that Amazon had turned part of its headquarters into a homeless shelter, which will provide resources for 200 people.

 

CME Group Announces New Regional Leadership Structure to Strengthen Focus on International Business Growth and Facilitate Enhanced Service to Clients Outside the United States

CME Group

/jlne.ws/37DEYDS

 

CME Group has announced a change to its leadership structure, appointing a number of people to new roles within the exchange. CME said that this is in an effort to boost global expansion and to “support its growing international business in Europe, Middle East and Africa (EMEA) and Asia Pacific.” William Knottenbelt, senior managing director and head of international, is set to retire at the end of the year. 

 

ICE Offers ESG Data on Over 1.5 Million Mortgage-Backed Securities

APR 07, 2022

/bit.ly/3NZhFVR

 

The Intercontinental Exchange is ramping up its sustainability efforts. The exchange announced that it now offers data coverage for Environmental, Social and Governance (ESG) for over 1.5 million mortgage-backed securities, which the exchange says has increased its total fixed income coverage to over 3 million instruments. ICE has also partnered with McLaren Racing to focus on sustainability and diversity. The exchange will sponsor McLaren’s Extreme E Team, a new series that features “All-Electric Off-Road Competition with Male and Female Drivers Behind the Wheel.”

That’s all for now, but be sure to tune in to this week’s edition of John’s Take. Also, be sure to check out our “Options Term of the Week,” presented by Euronext. Fast approaching is the 40th annual Options Industry Conference, to be held on May 10-12 in San Antonio, TX.

THIS HAS BEEN ALEX PERRY FOR JLN. THANKS, AND WE’LL SEE YOU NEXT TIME. 

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THIS WEEK’S VIDEOS

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile had an aunt who invested in the stock market who bought Vaile some stock when he was 10 years old and that experience caused him to want to be a stockbroker. As a result, Vaile became a student of the market.

He went to a couple of different colleges in Illinois, then ended up in a program at Wharton for students who did not graduate from college. 

Vaile was working for Morgan Stanley and living in Lake Geneva, WI, surrounded by friends in the futures markets and he wanted to get involved with what was happening. He said he badgered Morgan Stanley to get involved. They gave him permission, but he said he could see how long it would take for them to truly become involved and he did not have the patience for that.

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