| September 02, 2021 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | David Howson, EVP of Cboe Global Markets for Europe & Asia Pacific, reported on LinkedIn that Cboe LIS, Cboe's European block trading platform powered by BIDS technology, achieved several milestones during August including being the largest venue of its type for the first time. The records include #1 Above-LIS Market Share, 30.6%; #1 Average Trade Size, EUR835,857; #1 Above-LIS Trade Count, 8151 Executions; Largest Single Trade, EUR72.3 million of Amadeus IT Group SA, August 17. Source: Big XYT Data from Conditional Dark Venue. More here.
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Options Exchange Market Share -- August 2021
| | | | | | Lead Stories | | | Creating a larger, more liquid European equity derivatives market; Ahead of the launch of Cboe Europe Derivatives (CEDX), Ade Cordell, president of Cboe NL, and Conor McCann, head of European derivatives sales at SIG, which has committed to being a market-maker in CEDX index options products, discuss their expectations for the new market.
Ade Cordell, president, Cboe NL via The Trade
Cboe Europe Derivatives (CEDX) is a ground-breaking new pan-European equity derivatives marketplace which is launching on Monday September 6, 2021. Having secured the necessary regulatory approvals, CEDX is now in the final stages of its operational preparations and customer testing before its highly anticipated go-live.
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***** Are you ready for some derivatives?~JJL
Asset Managers Face Surging Costs Under New Derivatives Rules
William Shaw - Bloomberg
Asset managers are about to see trading costs surge under new rules meant to reduce risk in the $15.8 trillion derivatives market.
Hedge funds, money managers and insurers with more than the equivalent of $59 billion of uncleared derivatives will have to post more collateral under the penultimate phase of post-crisis regulations that took effect this week.
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Ray Dalio's Hedge Fund Risks Being Dumped by Pension on Weak Returns
Katherine Burton and Melissa Karsh - Bloomberg
A California county's $21 billion pension is considering whether to drop Ray Dalio's hedge fund after it underperformed for most of the past 16 years.
The Orange County Employees Retirement System's investment in Bridgewater Associates's Pure Alpha fund has returned an annualized 4.5% since 2005, about 2.5 percentage points less than its benchmark, according to a memo seen by Bloomberg from Meketa Investment Group, the pension's consultant. The strategy has topped OCERS's target only once in the past five years and has trailed on a seven- and 10-year time horizon.
/jlne.ws/2YnBvVq
A nearly 10% S&P 500 correction last September has stock-market investors dreading autumn 2021
Mark DeCambre - MarketWatch
Even as stocks look set to reach new highs in September, the feeling of dread on Wall Street is palpable.
Strategists (and the media) have been incessantly droning on about the seasonal trends that place September as one of the worst months of the year for equity benchmarks.
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| | | | | | Exchanges | | | OCC August 2021 Total Volume Up 30.8 Percent Compared to August 2020; Securities lending average daily loan value up 83.7 percent year over year
OCC
OCC, the world's largest equity derivatives clearing organization, announced today that August 2021 total cleared contract volume was 805,713,175 contracts, up 30.8 percent compared to August 2020 and the highest August on record. Year-to-date average daily cleared contract volume through August was 38,839,193 contracts, up 36.4 percent compared to August 2020.
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CME Group Reports August 2021 Monthly Market Statistics
CME Group
CHICAGO, Sept. 2, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today reported August 2021 market statistics, including average daily volume (ADV) of 17.5 million contracts during the month. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
/bit.ly/3zF66LH
MIAX Exchange Group - Options Markets - Introducing Availability of Open-Close Reports End-of-Day Historical Data Free of Charge
As previously announced in the May 28, 2021 Alert, MIAX Options, MIAX Pearl Options & MIAX Emerald Options Exchanges began offering the new Open-Close Reports on Tuesday, June 1, 2021.
The Open-Close Reports, available separately for each exchange, are designed to provide a report including trade data for each option series traded on MIAX Options, MIAX Pearl, or MIAX Emerald.
/bit.ly/3t8mJgq
The Spanish stock market trades 21.6 billion euros in August
BME-X
The trading volume in equities is 8.7% higher year on year; Fixed Income trading rises to 15.09 billion euros, 33.2% more than in August 2020; Trading in Equity Futures contracts increased 109.8% and in Equity Options 30.1% from the previous month
The Spanish stock market traded 21.6 billion euros in Equities in August, 8.7% more year on year and 16.5% less than the previous month. The number of trades in August was 2.7 million, 18.7% less than in August 2020 and 26% lower than in July 2021.
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| | | | | | Technology | | | TP ICAP launches FX evaluated pricing solution; FX Evaluated Pricing launched by TP ICAP's Parameta Solutions will deliver pricing for G10 currency pairs as well as linear instruments and FX options.
Annabel Smith - The Trade
TP ICAP has rolled out an FX pricing data solution through its recently rebranded data and analytics division, shortly after launching a similar tool for bond markets. Known as FX Evaluated Pricing (FEP), Parameta Solutions said the data will help FX traders make more accurate and timely decisions for price discovery and risk.
/jlne.ws/3gRcOHl
MEFF launches a web-based FX derivatives trading platform for banking institutions
BME-X
MEFF, the Spanish Derivatives Market, has launched BME FX, a web platform aimed at banks and other financial institutions, which will facilitate to hedge the currency risk with MEFF's xRolling FX futures contracts. BME FX consists of a technological solution that will allow banks and financial institutions to modernize their FX derivatives trading for institutional clients and corporates in a simple and cost-effective way, offering the possibility of deploying white-label terminals among their clients to hedge currency risk with xRolling FX
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| | | | | | Strategy | | | Want to Bet on Moderna Stock? Try This Aggressive Options Play.
Steven M. Sears - Barron's
It's time to think about skipping strike prices across the surface of the options market.
The trade is a lot like skipping stones across the surface of a lake, only it's potentially profitable, and nowhere near as relaxing. But with so many stock prices at or near record highs, stock investors may find some appealâand a lot of potential moneyâselling weekly call options with strike prices that are at, or just above, the associated stock price.
/bit.ly/3yExXdQ
Opinion: Stock-market 'internals' are improving, so stay bullish on the S&P 500
MarketWatch
The S&P 500 index continues to trade near all-time highs. The NASDAQ-100 also is repeatedly making new all-time highs.
Meanwhile, market internals - while not wildly bullish - have improved for the first time about 10 weeks. That has resulted in some "catch-up" by the Russell 2000 index, but it is still well below its all-time highs.
/jlne.ws/3BASjGD
These ETFs hedge against rising rates, volatility, but with risk
Lizzy Gurdus - CNBC
Protection plays are in vogue as stocks extend their winning streak.
Investors have been seeking hedges against everything from inflation to rising interest rates to unprecedented volatility all year, funneling around $5 billion in the past 12 months into exchange-traded funds using options to enhance or protect their returns.
/jlne.ws/3BGmnRr
| | | | | | Miscellaneous | | | TCR 120: Just The Facts, Maam - End Of Summer Edition (video)
Crypto Rundown | Sep 1, 2021 | Crypto Rundown
Host: Mark Longo, The Options Insider Media Group
Analysis Of Current Bitcoin Trades, Trends, Volume, Volatility, Skew And More
Analysis Of Current Altcoin Trades, Trends, Volume, Volatility, Skew And More
Discussing The Top 10 Cryptocurrencies By Market Cap
Whether We Think Paypal Will Offer Crypto On Their New Trading Platform
And Much More...
/bit.ly/3DJdYP1
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| | | | 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
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