| June 27, 2024 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
|
| | | | Observations & Insight | | |
Complete Interview: Bob Whaley Discusses Options Volatility and Volatility Indexes With JLNâEURâ¢s Alex Teng
JohnLothianNews.com
In this exclusive interview for JLN, Alex Teng sits down with Robert Whaley, a professor and the head of market research at Vanderbilt University, to discuss options volatility and WhaleyâEURâ¢s work creating some of the most important volatility indexes in the industry.
Watch the video »
| | | | | | Lead Stories | | | CME Group expands Google Cloud partnership to launch new futures and options platform; The plan is to build a new private Google Cloud region to support CME Group's global trading, offering derivatives traders access to "cloud-based, ultra-low-latency networking and high-performance computing".
Claudia Preece - The Trade
CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. The plan is to build a new private Google Cloud region to support CME Group's global trading, offering derivatives traders access to "cloud-based, ultra-low-latency networking and high-performance computing".
/jlne.ws/4cDqRL3
Hong Kong stock exchange to offer weekly options based on Hang Seng Tech Index; Weekly tech index options will debut on September 2, and weekly stock options are being planned for later this year, HKEX says
Aileen Chuang - South China Morning Post
Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong Kong stock exchange, will introduce a weekly options contract based on the Hang Seng Tech Index in a move to broaden its suite of derivative products amid a slowdown in new listings and trading turnover.
Weekly Hang Seng Tech Index options will hit the market on September 2, subject to regulatory approval, HKEX said on Thursday. Another financial product âEUR" weekly stock options âEUR" is being planned for later this year, it added.
/jlne.ws/4cEaBJL
Zero-day options have arrived for EuropeâEURâ¢s most popular stock market index
Barbara Kollmeyer - MarketWatch via MSN
Credited for exacerbating a down day for Wall Street earlier this month, an increasingly popular stock option is now available for one of EuropeâEURâ¢s most popular stock indexes.
Deutsche BoerseâEURâ¢s Eurex, an international futures and options exchange, is now offering investors the ability to trade in zero-day options for the Euro Stoxx 50 index âEURÅInstitutional demand for options with short-term expiries has strongly increased as investors seek to react quickly and precisely to specific market events,âEUR said the exchange organization in a press release last week.
/jlne.ws/4cpUCPW
Beyond the Data: Hedge funds loving their algos more than ever before; Wesley Bray dives into the latest data from The TRADE's research desk which saw the overall rating for algorithm performance reach the highest average score on record, demonstrating key improvements across the algorithmic trading landscape, particularly for hedge funds.
Wesley Bray - The Trade
The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds' strategies, new data from The TRADE has found. In fact, overall, 2024 has proved to be a banner year for algorithmic trading providers, with the overall rating for performance sitting at 5.86 - significantly higher than 2023 and demonstrating the highest survey average from hedge fund respondents since we began tracking their results separately in 2016.
/jlne.ws/4cC6MEX
Rapid rise in derivative trading in India could pose several challenges, says central bank report
Reuters
A rapid rise in derivative trading volumes in India could pose several challenges, a central bank report said on Thursday, adding to warnings of the financial stability risks that could emerge from a surge in retail participation in the country's futures and options market. Retail investors could be exposed to sudden movements in markets without proper risk management if they have large exposure to derivatives, the Reserve Bank of India said in the Financial Stability Report, which is a collective assessment of India's Financial Stability and Development Council and includes contributions from all key regulators.
/jlne.ws/45FIjML
Hedge Funds Sell Tech Stocks âEURËAggressively,âEUR⢠Goldman Says; Net selling of tech in June on track to be worst on record; Prime brokerage desk sees growing signs of equity degrossing
Michael Msika - Bloomberg
In a month when Nvidia Corp. briefly became the worldâEURâ¢s largest company, hedge funds were âEURÅaggressivelyâEUR selling tech stocks, according to analysis from Goldman Sachs Group Inc.
This monthâEURâ¢s net selling in the US tech sector is on track to be the largest on record going back in data since 2017, according to GoldmanâEURâ¢s prime brokerage data. Semiconductor and semiconductor equipment stocks were the ones offloaded the most by hedge funds, followed by software and internet stocks.
/jlne.ws/3VHBKof
AI-focused ETF to be first European fund launched on Goldman platform; Baader Bank fund to list in Frankfurt as battle of âEURËwhite labelâEUR⢠platforms in Europe heats up
Steve Johnson - Financial Times
An artificial intelligence-focused exchange traded fund will on Thursday become the first ETF in Europe to be launched through a Goldman Sachs-run platform for small fund managers.
The AI-Enhanced Eurozone Equities Ucits ETF, managed by GermanyâEURâ¢s Baader Bank and based on an investment strategy designed by Ultramarin, which specialises in AI-based forecasting models, will list on FrankfurtâEURâ¢s Xetra exchange.
/jlne.ws/3xN8zbg
| | | | | | Exchanges | | | NYSE trading glitch costs Interactive Brokers $48mn; Retail broker covers customers' Berkshire Hathaway trades after exchange rebuffs compensation claim
Jennifer Hughes - Financial Times
A trading glitch on the New York Stock Exchange earlier this month has cost Interactive Brokers $48mn after its customers tried to pile into Berkshire Hathaway shares following a 99 per cent plunge. The brokerage on Wednesday said it was considering its options "including any claims at law it could assert against NYSE" but said the hit was not material to earnings. Berkshire Hathaway's class A shares were among several that plummeted unexpectedly on June 3 because of a technical issue in early trade on the NYSE, which is part of Intercontinental Exchange.
/jlne.ws/3znYSRd
CME Group and Mayor Johnson Award Star Scholarships to 25 Chicago Students Graduating to Four-Year Institutions
CME Group
CME Group, the world's leading derivatives marketplace, and Chicago Mayor Brandon Johnson have awarded 25 City Colleges of Chicago graduates with a $5,000 scholarship towards their four-year degrees. This is the eighth consecutive year CME Group is recognizing the academic achievements of Star Scholars at City Colleges of Chicago to increase higher education opportunities for students with diverse backgrounds, building on more than three decades and more than $2 million in support for Chicago students.
/jlne.ws/4cB6Pk9
CQG goes live with Cboe Europe Derivatives Exchange
Maria Nikolova - FX News
CQG is now live with Cboe Europe Derivatives Exchange (CEDX), which is CQGâEURâ¢s first offering of equity options. The move expands CQGâEURâ¢s asset class offering to include futures, options on futures, equities and equity options on a single platform. CEDX offers a range of futures and options contracts based on Cboe Europe single country indices.
/jlne.ws/4eJsHM2
Delta Exchange, Global Crypto Derivatives Player, Launches Operations in India with Crypto Futures and Options Trading
CXO Today
Delta Exchange, a globally leading digital asset derivatives exchange, has announced the official launch of its Indian platform today. Founded by seasoned entrepreneurs, Pankaj Balani, Jitender Tokas and Saurabh Goyal, the company is proud to present a crypto derivatives platform that is fully compliant and is registered with the Financial Intelligence UnitâEUR"India, a regulatory requirement for crypto exchanges.
/jlne.ws/4coZ7dl
| | | | | | Regulation & Enforcement | | | SECâEURâ¢s use of in-house courts curbed by US Supreme Court; Decision in case involving securities regulator is latest to take aim at power of federal agencies
Stefania Palma - Financial Times
The US Supreme Court has ruled that the Securities and Exchange Commission may not use its own in-house courts when seeking civil penalties in fraud cases, in the latest decision to restrain federal agenciesâEUR⢠powers.
The high court on Thursday held that a defendant must have access to a jury trial when the SEC is seeking civil penalties for securities fraud, citing the constitutionâEURâ¢s Seventh Amendment, which protects individualsâEUR⢠rights to a jury trial for civil cases.
/jlne.ws/4cjGCqM
| | | | | | Strategy | | | Amazon
Cboe (Video)
Ahead of tomorrow's Russel Reconstitution and PCE inflation data, Scott Bauer provides market updates in #Vol411 and takes a look at yesterday's $VIX Index put/call ratio of 5:1, equity options trading activity for $NVDA and $AMZN (~3x more than ADV) and more.
/jlne.ws/3W07yWD
| | | | | | Miscellaneous | | | âEURËVolatile and UnpredictableâEURâ¢: Why Fast-Money Traders Like Trump; Hedge funds can profit by exploiting market anomalies, swings; During first term, Trump tweets frequently rattled markets
Liz Capo McCormick and Ruth Carson - Bloomberg
Donald TrumpâEURâ¢s from-the-hip style may start making financial markets volatile again âEUR" and thatâEURâ¢s just fine for a breed of global fast-money traders who thrive on that.
With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the RepublicanâEURâ¢s return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.
/jlne.ws/3VZU0dI
| | | | | | | | | JLN Options is sponsored by: | | | | | | | | | | | | | | | | | | | |
|
|
| | | |
| | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
| | | Asma Awass
Intern |
|
|
Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
© 2023 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
