| November 10, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | Options Measure of Fear Jumps to Highest Level Since 2008
Hannah Miao - The Wall Street Journal
A widely tracked measure in the options market shows that many traders are reaching for protection and positioning for the possibility of a steeper fall in stocks. A ratio of equity put options relative to equity call options traded jumped to the highest level since March 2008, according to Cboe Global Markets figures and a Dow Jones Market Data analysis. The ratio measures options tied to individual stocks, according to Cboe.
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Demand for Proprietary Data Expected to Rise; Firms Need Solutions
Anna Lyudvig - Traders Magazine
Real-time analytics that move from data to actionable information can allow firms to save resources while achieving the desired results, according to Catherine Clay, EVP, Global Head of Data and Access Solutions at Cboe Global Markets. With data now available globally, firms are looking for new opportunities across asset classes and geographies, she said, adding that to simplify this global workflow, execution platforms "must rise to the challenge". Clay said today's market participants have the appetite and ability to quickly integrate vast amounts of data into their models and workflows.
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Robinhood CEO Says 'It's Business as Usual' After FTX Concerns Hit Stock
Caitlin McCabe - The Wall Street Journal
Robinhood has no direct exposure to cryptocurrency exchange FTX or the crypto trading firm Alameda Research, said Vlad Tenev, chief executive of the popular trading platform. Mr. Tenev said in a series of posts on Twitter that "it's business as usual" at Robinhood. He also said the company has confirmed that its partners have no material exposure to FTX or Alameda, the two companies founded by Sam Bankman-Fried that have been at the center of this week's blowup in cryptocurrency markets.
| | | | | | Exchanges | | | Cboe to launch trading in Mini S&P 500 Index options during global trading hours; The move will help market participants manage risk more efficiently, alongside providing the ability to adjust positions at any time of the day.
Wesley Bray - The Trade
Starting from 11 December, Cboe Global Markets will launch trading in Mini S&P 500 Index (XSP) options during global trading hours (GTH), making the product available nearly 24
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Nasdaq Moves First Market to Cloud
Shanny Basar - Markets Media
Nasdaq has completed the move of its first market to the cloud as part of its multi-year partnership with Amazon's cloud business, AWS, to migrate all of its North American markets. In November last year Nasdaq announced a partnership with AWS to move its North American markets to the cloud in a phased approach, starting with US options market Nasdaq MRX. Brenda Hoffman, chief technology officer for the Market Platforms division, said on a panel at Nasdaq's investor day on 8 November that over the last year the firm has been moving products and services that run the 25 core trading markets that it owns and operates to the cloud.
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CME Group Declares Quarterly Dividend
CME Group
CME Group Inc., the world's leading derivatives marketplace, today declared a fourth-quarter dividend of $1.00 per share. The dividend is payable December 28, 2022, to shareholders of record as of December 9, 2022.
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TMX embarks on data diversification and expansion play with WSH buy; The Canadian exchange is the latest to acquire a data vendor business, bringing non-exchange content to help it grow its data assets.
Max Bowie - Waters Technology
Exchanges have been snapping up data providers in a bid to expand their businesses beyond traditional transactional and market data-based revenues. There's the Intercontinental Exchange's purchase of Interactive Data; Nasdaq buying Quandl; the London Stock Exchange Group acquiring Refinitiv; and Cboe assembling a cadre of analytics by piecing together the likes of Livevol, Trade Alert, Hanweck and FT Options. Now, it's TMX's turn.
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| | | | | | Regulation & Enforcement | | | Cboe Digital Stresses Benefits of Regulatory Oversight
Letter from John Palmer, President, Cboe Digital - MarketsMedia
Dear Crypto Community,
Recent events in the industry have led us to reach out to highlight our customer protection policies, the benefits of regulatory oversight, and the value of including intermediaries in our marketplace - which has been our position since inception. Customer Assets To protect member funds and assets, Cboe Digital is obligated to completely segregate customer assets from our own assets by holding them at a bank in a specially-designated account, for the benefit of our Members, and separate from the operating funds of Cboe Digital. This is required by CFTC regulations for futures trading and clearing, and state requirements related to Money Service Business (MSB) licenses. Cboe Digital has strict policies in place to ensure our customer funds are segregated and safe.
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| | | | | | Moves | | | Interactive Brokers Officially Opens North Wall Office
Business Plus
Nasdaq-listed Interactive Brokers, an automated global electronic broker, has officially opened its new office at North Dock One on North Wall Quay in Dublin. Interactive Brokers established a base in Dublin in 2020 to serve the needs of European clients. The company employs 100 people in Dublin and c.2,600 globally. Interactive Brokers Group provides custody and service accounts for hedge and mutual funds, exchange-traded funds, registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specialises in routing orders while striving to achieve best executions and processing trades in stocks, options, futures, forex), bonds, mutual funds, metals and cryptocurrencies on more than 150 electronic exchanges and market centres around the world.
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| | | | | | Strategy | | | The Voting Is Over. Here's How to Play the Stock Market's Next Phase.
Steven M. Sears - Barron's
The U.S. has just finished another contentious election. Few people relish the outcome or the prospects for the nation's future. The U.S. stock market nonetheless might come to enjoy the onset of even more political dysfunction. When legislators fight one another like petty princes and tyrants, they tend to spend more time raising money from corporations to engorge battle chests than enacting regulations that could seriously impede commerce.
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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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