| April 03, 2023 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | 
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Cboe's Tilly Talks 50-Year Celebration, Cboe Digital and Good Corporate Citizenship in FIA Boca JLN Industry Leader Interview
JohnLothianNews.com
Cboe Global Markets Chairman & CEO Ed Tilly was interviewed by John Lothian News at FIA's International Futures Conference in Boca Raton, FL and spoke about the upcoming celebrations for Cboe's 50th anniversary.
Watch the video »
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HKEX CEO Nicolas Aguzin's First JLN Interview at FIA Boca Tells of Hong Kong and China Investment Opportunities
JohnLothianNews.com
Hong Exchanges and Clearing CEO Nicolas Aguzin at the FIA International Futures Conference in Boca Raton, FL in the first ever video interview for JLN with the HKEX exchange leader.
Watch the video »
| | | | | | Lead Stories | | | CME debuts offshore yuan options to tap rising trading demand
Georgina Lee - Reuters
Chicago's CME Group (CME.O) opened options trading for Chinese yuan futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China's currency.
Hong Kong has offered similar exchange-traded options since 2017, though bringing the product to CME - the world's biggest derivatives exchange - may be a step toward competing with the banks that dominate options by selling directly to customers.
/jlne.ws/3m47AxG
Mind the Aftershocks: Post-Tantrum Market Calm Unnerves Traders; More market volatility likely ahead, warn Nordea, Fidelity; Bond volatility gauge still elevated, suggests jitters linger
Alice Gledhill - Bloomberg
Weeks of gut-wrenching turmoil are keeping investors on the lookout for further volatility explosions, despite the uneasy calm that's recently descended on world markets. Money managers' worst fears of 2008-style ructions ultimately proved unfounded, yet the failure of three US banks and the emergency rescue of Credit Suisse Group AG in Europe revealed signs of financial stress, sparking some of the worst turbulence in recent years.
/jlne.ws/40AJny5
The financial turmoil is not over
Ian Harnett - Financial Times
There's an old investment saying that bull markets last longer than you think possible and bear markets hit harder than you can imagine. This is one reason why investors should be positive most of the time. However, once every eight to 10 years it pays to be cautious. The recent spate of bank failures suggests that now is one such moment.
/jlne.ws/3lZCWpf
'Black Swan' Fund's 3,612% Returns Draw Wall Street Scrutiny
Justina Lee - Bloomberg
Mark Spitznagel is a master at generating buzz for his tail risk-protection business. From partnering with the man who coined the very term "Black Swan" to warning this January that we're in "the greatest tinderbox-timebomb in financial history," he makes sure Universa Investments is rarely far from the Wall Street spotlight.
But it's the firm's returns that really make headlines â and get the blood of some of the hedge-fund world's biggest names boiling in the process.
/jlne.ws/3nC7DBf
$100 Oil to Tighter Markets: Here's What Analysts See After OPEC+ Shock Cut
Bloomberg
The decision by the Organization of Petroleum Exporting Countries and its allies to slash its oil output came as a huge surprise to the market, given earlier rhetoric from group leader Saudi Arabia that it would stand pat on production. The move has brought concerns around inflationary pressures back to the fore, adding to worries that higher prices and an aggressive monetary tightening by central banks could tip the global economy into recession.
/jlne.ws/3ZAZ3A8
Oil prices rebound on hedge fund short covering: Kemp
John Kemp - Reuters
Investors had started to pair back short positions in petroleum even before Saudi Arabia and its OPEC+ allies surprised the market by announcing production cuts totalling more than 1 million barrels per day.
The scale of the cuts and the element of surprise is likely to have been intended to intensify the rush of short-covering as well as boost confidence and draw more bullish investors back into the market.
/jlne.ws/3zrqCB5
U.S. ESG Exchange-Traded Funds Faced Record Outflows in March
Lauren Foster - Barron's
March was a brutal month for ESG exchange-traded funds as U.S. investors yanked out money at the fastest pace on record.
According to research from RBC Capital Markets, preliminary data show investors withdrew a net $5.7 billion from U.S.-listed ETFs that focus on environmental, social, and corporate governance considerations. The withdrawals, the largest monthly total yet, left assets under management at $81 billion as of March 27.
/jlne.ws/3U9iTkW
| | | | | | Exchanges | | | Cboe reports highest FX volume since 2020
Abdelaziz Fathi - Finance Feeds
During March 2023, the exchange's institutional FX trading venue saw its average daily trading volume amounting to $48.3 billion in March 2023, up 15.3 percent month-over-month from $41.9 billion in February 2023.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated stronger performance, rising by 9 percent when weighed against $44.4 billion a year earlier.?
/jlne.ws/40IiCrt
BMLL expands equities and ETF data to include Asia exchanges; Addition of Cboe Japan, Japannext and Singapore Exchange complements the existing Tokyo Stock Exchange data already offered within the BMLL product suite.
Annabel Smith - The Trade
Historical Level 3 data provider BMLL has expanded its equities and ETF data offering to include Asia exchanges. Data from CBOE Japan, Japannext and Singapore Exchange is now available to BMLL users across the buy- and sell-side, global exchange groups and others.
/jlne.ws/3nEXYKb
| | | | | | Regulation & Enforcement | | | US regulator plays for high stakes with Binance lawsuit
Stefania Palma and Scott Chipolina - Financial Times
The head of the US derivatives watchdog said the lawsuit against Binance is probably his "most significant" cryptocurrency case to date, setting up a make-or-break contest with ramifications for the crypto market and Washington. The lawsuit, announced on Monday, has set the Commodity Futures Trading Commission, one of the US's smaller federal regulators, against Binance, the world's largest crypto exchange.
/jlne.ws/3nw8cwk
| | | | | | Moves | | | CME Group Appoints Tim McCourt as Global Head of Financial & OTC Products
CME Group
CME Group, the world's leading derivatives marketplace, today announced that it has appointed Tim McCourt to serve in an expanded role as Senior Managing Director, Global Head of Financial & OTC Products, following the retirement of Sean Tully, Senior Managing Director, Interest Rates and OTC Products, on June 2, 2023.
/jlne.ws/3KrjSsj
| | | | | | Strategy | | | Jobs Data Coming This Week
Cboe (Video)
Joel Hawthorne takes a look at the upcoming economic data calendar and recaps Friday's notable #options volume in #Vol411.
/jlne.ws/3GhKF8X
| | | | | | Miscellaneous | | | Here's Why the Fed's Reputation Is Shot, According to Mohamed El-Erian
Jennifer Sor - Markets Insider
The Federal Reserve has botched its handling of the US economy, and its reputation has been badly damaged as a result, according to economist Mohamed El-Erian.
In an op-ed for Project Syndicate on Monday, the Allianz chief economic advisor pointed to the Federal Reserve's failings over the past year in addressing higher inflation. The problems chiefly lie in the Fed's delayed response to inflation, he said, as central bankers dismissing rising prices as "transitory" in 2021 before being forced to aggressively hike rates in 2022 as prices stayed high.
/jlne.ws/3nLjEoc
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