| January 09, 2024 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Term of the Week: Option Style, A Driver for the Value of an Option Contract
JohnLothianNews.com
This video explores the key distinctions between European and American style options and touches on some exotic options like Asian, Bermuda, and Canary styles. Understanding these different styles is crucial for anyone trading or investing in options, as they can significantly impact the value and flexibility of your contracts. Let's dive in and demystify the world of option styles.
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Futures Discovery: Careers in the Futures Industry
JohnLothianNews.com
In episode 4 of Futures Discovery, we're diving into the diverse world of careers within the futures industry. From the fast-paced world of trading to the analytical realms of risk management and technology, there's a multitude of career paths in this dynamic field.
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| | | | | | Lead Stories | | | Cryptoverse: Bitcoin derivatives traders bet billions on ETF future
Lisa Pauline Mattackal and Medha Singh - Reuters
Will they, won't they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (ETFs). Derivatives traders are already piling in, though, betting the Securities and Exchange Commission will give the green light to several ETF hopefuls this week and electrify the market.
/jlne.ws/3RUmPoU
Hedge Funds Target 'Catastrophic' ESG Cases for Huge Returns; Investors regularly make in excess of 25% on their investment; With so much at stake, lawmakers are now sounding the alarm
Gautam Naik - Bloomberg
In a corner of finance that rarely generates headlines, investors are busy mapping out paths to huge returns as they contemplate the fallout of new laws in Europe.
The area in question is litigation finance, and the focus is alleged ESG transgressions. Regularly bankrolled by hedge funds and other alternative investors, the lawsuits target supposed corporate misdeeds such as broken environmental pledges, exploited workers or corporate governance failings. A successful case can leave a litigation funder with returns well in excess of 25%.
/jlne.ws/3tRfrm0
Bitcoin ETF expected for Wednesday-but some fret about being 'rugged' by SEC
Jeff John Roberts - Fortune
So much drama. On Friday, the crypto world was abuzz about an unfounded rumor that the Securities and Exchange Commission chose that day to approve long-awaited Bitcoin ETFs. That didn't happen, so the buzz shifted to what did: the filing of an 11-page letter by an outfit called Better Markets, which has ties to anti-crypto scourge Sen. Elizabeth Warren (D-Mass.) as well as SEC Chair Gary Gensler. The letter warned the SEC that it would be a "grave if not historic mistake" to approve Bitcoin ETFs, and that doing so would put a U.S. stamp of approval on "a market thoroughly contaminated with fraud and manipulation."
/jlne.ws/3RP9UEA
Don't count on the Fed slashing rates given the inflation 'rollercoaster' risk, warns BlackRock
Anil Varma - Business Insider
Investors positioning for sharp interest-rate cuts by the Federal Reserve this year may be disappointed, according to BlackRock.
The central bank probably won't cut rates as markets expect because inflation will rebound later this year with a tight labor market fueling accelerated wage growth, strategists at the world's biggest asset manager said in a weekly note.
/jlne.ws/3tW8HDo
'Magnificent Seven' Warning, IPO Return Among BofA's 10 Surprises on Wall Street
Isabelle Lee - Bloomberg
Geopolitical risk lashes the Magnificent Seven. The IPO machine roars back. Japan emerges as the world's best developed market.
After Byron Wien passed away last year, Bank of America Corp. is the latest to pay homage with their own version of the Wall Street forecaster's annual list of potential market surprises for 2024.
/jlne.ws/48oIMn1
| | | | | | Exchanges | | | CME Group to Launch Options on S&P 500 Annual Dividend Index Futures on January 29
CME Group
CME Group, the world's leading derivatives marketplace, today announced it will launch options on S&P 500 Annual Dividend Index futures on January 29, pending regulatory review.
/jlne.ws/4aQH8ft
Nasdaq Europe to lure derivatives clearing from post-Brexit London
Huw Jones - Reuters
Nasdaq Europe has said it will expand derivatives clearing to include euro interest rate swaps (IRS) in the coming months, in the latest move by European Union market operators to pull business from London following Brexit. Even before Britain left the EU in 2020, London had long irked Brussels with its dominance of clearing in IRS, contracts widely used by companies to hedge against adverse moves in borrowing costs.
/jlne.ws/3NWtBcF
On Tuesday, January 9, Built In honored The Options Clearing Corporation (OCC) in its 2024 Best Places to Work Awards for the third consecutive year. The annual awards program includes companies of all sizes, from startups to enterprises, across the U.S. OCC was recognized on the following lists:
Chicago, IL Best Large Places to Work
Dallas, TX Best Places to Work
Dallas, TX Best Large Places to Work
Washington DC Best Places to Work
Washington DC Best Large Places to Work
/jlne.ws/3tICAqX
| | | | | | Regulation & Enforcement | | | SEC's Gensler warns of crypto risks amid Bitcoin ETF buzz
Forkast
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), cautioned investors about the high risks and volatility of cryptocurrency assets on Monday in a post on X (formerly Twitter), as the Web3 industry anticipates the SEC's decision on several spot Bitcoin exchange-traded fund (ETF) applications.
/jlne.ws/3RP0hpw
| | | | | | Strategy | | | The SEC's approval of a spot bitcoin ETF might not just be a 'sell the news' event
Matthew Fox - Markets Insider
Anticipation of the potential approval of a spot bitcoin ETF by the Securities and Exchange Commission has helped boost the price of bitcoin considerably in the past few months.
Bitcoin surged more than 150% in 2023, with much of the gains occurring in the last two months of the year as headlines about bitcoin ETFs surged. The corresponding jump in bitcoin's price has led some to worry that a bitcoin ETF approval might be a "sell the news" event, but Fairlead Strategies' founder Katie Stockton doesn't see it that way.
/jlne.ws/3TOEHUI
Big Banks
Cboe (Video)
Which big banks will kick off earnings season with reports coming Friday? What does $VIX Index activity look like so far today? What's the state of the #VIX futures term structure? Tim Biggam @Delta_Desk covers this and more in #Vol411.
/jlne.ws/3vum4LC
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