| August 07, 2023 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Exberry CEO Guy Melamed Talks Up Cloud-based SaaS Market Solutions with JLN's Julie Ros at FIA's IDX
JohnLothianNews.com
JLN Correspondent Julie Ros interviewed Exberry CEO Guy Melamed at FIA's International Derivatives Week (IDX) in June and asked him about the solution Exberry developed on a cloud environment and about its relationship with Amazon Web Services (AWS).
In a recent blog post with AWS, Exberry wrote about passing the one million orders per second mark in microseconds latencies, an important milestone in the industry, Melamed said.
Watch the video »
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Rama Pillai and KC Lam of SGX on trading flows from Asian markets into Singapore, FX trading innovations, and transposing the NIFTY Index futures to India.
JohnLothianNews.com
JLN Correspondent Julie Ros spoke with two executives from SGX, the Singapore Exchange, at FIA's IDX Conference in London in June. Rama Pillai, managing director, global sales & origination, and KC Lam, head of FX and rates, talked about the changes they've seen with trading in Asia and the products their clients have been trading in the current environment.
Watch the video »
| | | | | | Lead Stories | | | Crypto Options Traders Bet Against Volatility
Coindesk via Markets Insider
There is a lot of market chatter about an impending volatility explosion in bitcoin. Still, some crypto traders retain a bias for shorting volatility â that is setting up strategies that bet against price turbulence.
/jlne.ws/3OMl0da
How Much Did Hindenburg Make From Shorting Adani, Dorsey, Icahn?
Katherine Burton - Bloomberg
Gautam Adani, Jack Dorsey, Carl Icahn. Nate Anderson has picked them off one by one.
In mere months this year, he erased as much as $99 billion of their combined wealth while knocking $173 billion off the value of their publicly traded companies. In an era when prominent short sellers have retreated from the limelight â fretting lawsuits, short squeezes and government probes â the deft researcher has emerged as the gutsiest bear around. Allies say he's risking civil suits, physical attacks and potentially even overseas arrest.
/jlne.ws/3Oo5pz3
Hedge Funds Boosted Record Treasury Shorts as Markets Convulsed
Ruth Carson and Mia Glass - Bloomberg via Yahoo Finance
Hedge funds ramped up their bearish Treasuries bets to a record last week just as yields surged toward multi-month highs, while more traditional investors were burnt having boosted wagers in the opposite direction with similar conviction.
/jlne.ws/43Trbk9
What US Treasury Volatility Means for the Economy
Mohamed A. El-Erian - Bloomberg
Last week's sharp moves in the US government bond market have people wondering about the implications not only for the outlook for other financial assets, including stocks, but also for the economy and policy. Here are my main takeaways and their consequences:
/jlne.ws/3Kr1PmQ
Meme Stocks Are a Thing - Again; Investors are pushing Tupperware, Yellow and Rite Aid higher
Hannah Miao and Gunjan Banerji - The Wall Street Journal
Short sellers, day traders, shares of struggling companies soaring improbably higher: The market right now has all the elements of an old-fashioned meme-stock rally. Tupperware Brands is teetering financially, but its stock has climbed from below $1 to about $5 in the past two weeks. It jumped 36% on Friday alone after news of a restructuring plan.
/jlne.ws/3OLaJ0M
Dan Loeb Surrendered But Meme Army Still Hits Bears for Millions; Tupperware, Nikola, Yellow rallies hit bearish investors; Fundamentals take back seat to options and Reddit, Loeb says
Bailey Lipschultz - Bloomberg
Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what's interesting. The meme crowd, it turns out, is back at it again, driving up stocks and burning short sellers just like they did back in the wild early days of the pandemic.
/jlne.ws/3Qt8C2U
'Black Swan' Investor Warns of Epic Debt Bubble, Major Risks to Stocks
Theron Mohamed - Markets Insider
The boss of a "Black Swan" fund has raised the alarm on dangerous amounts of debt, slammed the Federal Reserve for putting financial markets and the US economy at risk, and advised retail investors to protect themselves by following Warren Buffett's simple advice.
"We are in the greatest credit bubble in human history," Mark Spitznagel told Fortune in a recent interview. The Universa Investments boss added that we're "living in an age of leverage, an age of credit, and it will have consequences."
/jlne.ws/47mkNEQ
| | | | | | Exchanges | | | What Are the Best Options Trading Platforms?
Jared Hoffmann - Kiplinger
It's not the easiest task to identify the best options trading platforms among the seemingly endless number available. Navigating these platforms can be difficult, and as an investor, selecting the right platform is vital to maximize your investment potential. In this article, we'll take a deep dive into some of the best options trading platforms.
/jlne.ws/446EJcc
Exchange operator Cboe's profit rises on swelled up trading volumes
Jaiveer Shekhawat and Laura Matthews - Reuters
Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by strong trading volumes as markets continue to rebound from last year. Investors turned to Cboe's proprietary products, such as options linked to the VIX volatility index (.VIX) and the S&P 500 (.SPX), as they rejigged portfolios to hedge against risks brought on by economic uncertainty.
/jlne.ws/43VjKZt
Miami International Holdings Reports July 2023 Trading Results; MIAX Exchange Group Reaches Record YTD Volumes on Options and Equity Exchanges
MIAX
Miami International Holdings, Inc. today reported July 2023 trading results for its U.S. exchange subsidiaries - MIAX, MIAX Pearl and MIAX Emerald (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX).
/jlne.ws/3OmN99n
OCC Welcomes NYSE Executive Meaghan Dugan to Board of Directors
OCC
OCC, the world's largest equity derivatives clearing organization, today announced the appointment of Meaghan Dugan, Head of Options at the New York Stock Exchange (NYSE), to its Board of Directors. Dugan brings more than 20 years of experience in listed options trading and market making. "Meaghan brings extensive experience in listed options, market structure and electronic trading technologies," said Craig Donohue, OCC Executive Chairman. "She is a valuable addition to OCC, and we are pleased to welcome her to our Board." In her current role with the NYSE, Dugan is responsible for oversight of the NYSE Amex Options and the NYSE Arca Options markets.
/jlne.ws/47ey3v8
| | | | | | Strategy | | | Options bets on earnings-fueled volatility in US stocks paying off
Saqib Iqbal Ahmed - Reuters
An options strategy that bets on stocks logging larger-than-expected moves on corporate results has been a surprising winner this earnings season, data from options analytics service ORATS showed.
Buying options straddles on U.S. companies reporting results over the last three weeks - a strategy that combines a put and a call option - is paying off this quarter, ORATS data showed.
/jlne.ws/3QuVI4O
Monday Market Update
Cboe (Video)
In #Vol411, Joel Hawthorne @louiswinthrop gives us a recap on trading action from Friday and lets us know some economic data to be on the lookout for this upcoming week including crude oil inventories, consumer price index (#CPI) and more.
/jlne.ws/3Kvfp8E
| | | | | | Miscellaneous | | | Like Trading Stocks in Your PJs? You've Got Options
Alexander Osipovich - The Wall Street Journal
Interactive Brokers said it has enabled overnight trading in more than 10,000 stocks and exchange-traded funds, the latest step in the direction of 24-hour stock trading by a major retail brokerage. With the expansion of its overnight hours, Interactive Brokers now offers nearly round-the-clock trading five days a week.
/jlne.ws/43ZbkR3
When Markets Get Scary, Mom and Pop Buy Gold
Hardika Singh - WSJ
Joe Susanno lost thousands of dollars from his retirement account betting on biotech shares in early 2021. Now the 44-year-old integration engineer from Gloucester, Mass., is putting his money into an investment whose value has held up over a longer run: gold coins.
/jlne.ws/451dKzS
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