| November 28, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
All Options CEO Allard Jakobs Talks About Running a Successful Trading Firm, What He Looks for From New Traders, and More in This Full Interview With JLN's Alex Teng
JohnLothianNews.com
In this Options Discovery interview, Allard Jakobs, the CEO of All Options, sits down with JLN's Alex Teng. In this interview Allard shares his thoughts on a variety of topics from hiring new traders to the All Options approach to market making. He also shares the history of how and why he founded his firm and how All Options has lasted for over 24 years.
Watch the video »
| | | | | | Lead Stories | | | Meet Our CEO-Elect, Andrej Bolkovic
OCC
Experience: 25+ years of experience in derivatives, clearing and trading systems; including 15+ years in senior leadership roles as CEO, CIO and COO Held various industry board memberships including the OCC, ICE Clear Netherlands and EMCF Education: Master's degree from Vrije Universiteit Amsterdam Post graduate degree in business administration from HES Amsterdam School of Business.
/jlne.ws/3GTIYQq
Stock Markets Don't Reflect Recession Risk, Goldman Strategists Say
Sagarika Jaisinghani and Norah Mulinda - Bloomberg
Stock markets are in for a wild ride next year as they don't yet reflect the risk of a US recession, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank.
The team including Christian Mueller-Glissmann and Cecilia Mariotti said their model implies a 39% probability of a US growth slowdown in the next 12 months, but risk assets are only pricing in an 11% chance. "This increases the risk of further recession scares next year," they wrote in a note on Monday.
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Beaten-down stocks may tumble further as a global recession and earnings slump take hold, top investor Peter Boockvar says
Theron Mohamed - Business Insider
Investors are celebrating signs of slowing inflation, and the prospect of the Federal Reserve pivoting from hiking interest rates to cutting them. They're overlooking the potential blow to stocks from a global economic downturn and a slump in company earnings, Peter Boockvar says.
/jlne.ws/3u8aJx2
Stock market could see 'fireworks' through the end of the year as headwinds have 'flipped,' Fundstrat's Tom Lee says
Christine Idzelis - MarketWatch
Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors.
"The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022," said Lee, head of research at Fundstrat, in a note Monday. "While many may be tempted to 'close the books' for the year, we think the final 5 weeks will be 'fireworks.'"
/jlne.ws/3VeuQWd
| | | | | | Exchanges | | | HKEX Launches Hang Seng TECH Index Futures Options and Further Enhances Existing Hang Seng TECH Index Derivatives Products
HKEX
Hang Seng TECH Index Futures Options begins trading today; Hang Seng TECH Index Options introduced in After-Hour Trading Session, effective today; Additional contract months for Hang Seng TECH Index Futures and Hang Seng TECH Index Options introduced, effective today
Hong Kong Exchanges and Clearing Limited (HKEX) is today (Monday) pleased to announce the launch of its Hang Seng TECH Index Futures Options and several enhancements to its existing Hang Seng TECH Index derivatives products.
HKEX's Hang Seng TECH Index Futures Options (Options on Futures, OOF) will begin trading today and complement the existing derivatives suite on Hang Seng indices. Investors holding an OOF will now have the opportunity to manage their risk with reference to a futures position on HKEX, prior to the settlement of the underlying futures contract.
/jlne.ws/3u41xJZ
EU sets out plans to shift derivatives clearing from London to Frankfurt
Huw Jones - Reuters
Banks and other market participants in the European Union will have to prove to regulators that they are not overly reliant on clearing houses in London for processing their derivatives transactions, an EU draft document seen by Reuters showed.
The EU has long wanted to end heavy reliance on London-based clearing houses, such as London Stock Exchange Group's (LSEG.L) LCH, for clearing euro-denominated interest rate swaps, particularly now Britain is no longer a member of the bloc.
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Cboe Derivatives Europe brings US market practices to the Bloc; Speaking to The TRADE, Cboe's head of European derivatives Louri Saroukhanov said the aim of the infant exchange offering was to alter EU market structure, not to grab market share.
Annabel Smith - The Trade
Just over a year ago Cboe Derivatives Europe (CEDX) launched into the EU markets but has remained relatively dormant ever since. The Amsterdam-based market initially offered 12 equity future and option products across six indices and received backing from ABN Amro Clearing, Goldman Sachs and Morgan Stanley in April 2021 ahead of its launch that September.
/jlne.ws/3EL2FH8
Cboe Europe Derivatives Welcomes New Participants
Cboe
Cboe Global Markets Inc. (Cboe: CBOE) today announces that Cboe Europe Derivatives (CEDX), its pan-European equity derivatives exchange, has welcomed three new Trading Participants. These firms are Barak Capital Israel, Barak Capital Market Making B.V. and TTG Capital Limited.
/jlne.ws/3ikKQai
| | | | | | Regulation & Enforcement | | | Wall Street Whistleblowers Alert SEC to Stock Fraud But Hear Nothing Back
John Holland - Bloomberg
Janice Shell likes to sniff out fraud. An art historian by training, she once spent her days digging through Renaissance archives in Italy. Now 74, retired and living in suburban Philadelphia, she pores over financial filings instead. She hunts for sketchy penny stocks, then flags them in tart commentaries on message boards such as Investorshub.com. Shell has been remarkably prescient. In several cases, the US Securities and Exchange Commission later sanctioned companies she'd called outâand for the same reasons.
/jlne.ws/3XHRc43
| | | | | | Strategy | | | ETFs May Be Attractive Options During Tax-Loss Harvesting Season
Holly Framsted - Bloomberg Tax
As tax professionals consider the potential for tax loss harvesting opportunities in their clients' portfolios, fixed-income should not be overlooked nor the role that actively managed fixed-income exchange-traded funds can play, says Capital Group's Holly Framsted.
/jlne.ws/3GQsyIr
| | | | | | Events | | | FOW Trading London
FOW
FOW Trading London 2022 - THE conference for derivatives trading and investment - returns to London on 6 December.
With a focus on futures and options, this popular annual event will gather key market participants from the derivatives industry. Join us to stay at the forefront of the latest market developments.
/jlne.ws/3U8RXzT
| | | | | | Miscellaneous | | | A tale of two stock markets: how London still trumps Paris for investors
Joice Alves, Vincent Flasseur and Samuel Indyk - Reuters
Paris' luxury-laden stock exchange is now worth more than London's. But although size matters, there are other indicators highlighting the UK capital's popularity with investors.
While the UK has seen a larger exodus from equity funds since 2020 than Paris, companies have raised more money in initial public offerings (IPOs) in London and more shares change hands in British markets every day.
/jlne.ws/3OG74jn
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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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| | | Jeff Bergstrom
Editor
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