December 17, 2019 | | | | Matt Raebel Editor John Lothian News | |
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| | Lead Stories | | Gold Has Taken a Beating â but Hasn't Lost Its Shine. How to Play a Potential Rally. Steven M. Sears - Barron's Gold is back. Despite what you may have read in recent days about gold's price decline, institutional investors are aggressively positioning for the yellow metal to rally through summer since the Federal Reserve recently indicated that it was pausing future rate hikes. Since last week's meeting of the Fed's interest-rate setting committee, investors have rushed into the sector and aggressively established large positions in response to the Federal Reserve confirming what everyone already knewâit is unlikely to raise interest rates anytime soon. bit.ly/2PTHtoZ Nasdaq halts trading on certain ETF options Reuters Options on certain exchange traded funds, including the iShares MSCI Emerging Markets ETF and the iShares Core S&P 500 ETF, will not trade on Nasdaq's exchanges on Monday due to late notification of capital gains distributions, Nasdaq said in a system status message on Monday. /reut.rs/36JaSZP RPT-COLUMN-Bullish oil bets surge after OPEC+ reaches deal on cuts: Kemp John Kemp - Reuters Hedge fund managers piled back into petroleum last week after Saudi Arabia and its allies in the OPEC+ group of major oil exporters announced deeper-than-expected cuts to their production in the first quarter of 2020. Hedge funds and other money managers bought futures and options equivalent to 154 million barrels in the six most important contracts linked to petroleum prices in the week to Dec. 10. /reut.rs/38SMuHl Chinese brokerages soak up gains as analysts expect industry to benefit from regulator's ongoing reforms Zhang Shidong - South China Morning Post Shares of Chinese brokerages are leading the rally on the mainland on optimism the industry will benefit from a flurry of measures unveiled by the regulator to reform the market. After the China Securities Regulatory Commission rolled out rules on Friday making refinancing and spin-off listings easier for listed companies and expanded the scope of derivatives trading, analysts are expecting more in the coming year. bit.ly/2PylG7A
| | | Exchanges and Clearing | | Cboe Global Markets Announces Date of Fourth-Quarter 2019 Earnings Release and Conference Call Cboe - Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today said it will announce its financial results for the fourth quarter of 2019 before the market opens on Friday, February 7, 2020. A conference call with remarks by the company's senior management will begin at 7:30 a.m. Central Time (CT), 8:30 a.m. Eastern Time (ET). /prn.to/2S3Iaic Eurex's ESG segment exceeds half a million traded contracts Eurex Eurex's Environmental Social Government (ESG) derivatives reached half a million traded contracts on 12 December, with a nominal value of EUR 7 billion. This milestone, which further demonstrates Eurex's leading role in this segment, was achieved shortly before the quarterly expiration date on which many traders have to roll their exposure. bit.ly/2PX3eEj
| | | Regulation & Enforcement | | Disciplinary Action #20110297130-07: Lek Securities Corporation & Samuel Frederik Lek NYSE American bit.ly/38Ncx2v
| | | Technology | | Horizon Software partners with US independent broker dealer Wolverine Execution Services for market connectivity Horizon Software (press release) December 17, 2019, Paris & Chicago, Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, announces the integration of its algo-trading platform to Wolverine Execution Services, LLC, a leading provider of premier technology and execution services. Horizon clients are now able to connect to WEX infrastructure environment to manage orders on US options, futures and cash equities and benefit from the access to over 20 local market venues. bit.ly/34wk2as
| | | Moves | | Susan Lester and Tanya Acker named to 2019 Most Influential Corporate Board Directors list by WomenInc. PR Newswire PacWest Bancorp is pleased to announce that two members of its Board of Directors, Susan E. Lester and Tanya M. Acker, have been named to WomenInc.'s 2019 Most Influential Board of Directors list. Both women are accomplished executives with distinguished careers as company leaders and board directors of many public, private and non-profit organizations across various sectors. /prn.to/2PupfLW TokenSoft hires former SEC and CFTC regulator as Chief Legal Officer PR Newswire TokenSoft, the leading platform for financial institutions issuing securities on blockchains, recently hired Alex C. Levine as Chief Legal Officer of TokenSoft and President of DTAC, TokenSoft's recently approved affiliate transfer agent. /yhoo.it/2YZHADu
| | | Miscellaneous | | (Podcast) How Finance is Driving Change at the World's Largest Equity Derivatives Clearing Organization CFO Thought Leader Podcast featuring the OCC's Amy Shelly bit.ly/34x91WG
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