| | | | May 29, 2025 | | | | Jeff Bergstrom Editor John Lothian News | |
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| | | Observations & Insight | | OCC's Julie Bauer: Adapting to Change, From Tech to Regulators, With a Side of Education JohnLothianNews.com PALM BEACH GARDENS, Fla.-(JLN)-May 29, 2025 -At this year's Options Industry Conference, Julie Bauer of the Options Clearing Corporation (OCC) offered a candid look at how her organization is keeping pace with a financial world that seems to shift faster than a meme stock's price. "We think a lot about financial risk management-that's really at the core of what we do," Bauer said in an interview with John Lothian News. "So we look to the trends in the market, we look to adjust as best we can. We are, as you know, systemically important and very heavily regulated, so most of the adjustments that we make go through a very detailed review and comment process." Watch the Julie Bauer Video » Ron Wentzell - Three Fires Council of Scouting America Watch the Ron Wentzell Video » Kevin "Lex" Luthringshausen - Tradier Watch the Kevin "Lex" Luthringshausen Video »
| | Lead Stories | | Do Options Trading Strategies Make Sense Right Now? Barchart The markets have experienced a rocky start to 2025 with recession worries, geopolitical events, tariffs, and interest rate policies. The highly volatile market has made investors rethink and reassess their investment strategies. The CBOE Volatility Index recently spiked, whereas major indices like the S&P 500 and the Nasdaq have shown resilience, powered by positive developments in US-China trade relations and renewed optimism in the tech sector. In such a volatile market, options trading becomes a powerful investing tool. With the proper use of strategies, one can benefit from this uncertainty while using options trading as a mechanism to generate good money, and that is why it always excites retail investors. /jlne.ws/4mEg6hm Bitcoin ETFs Pull In $9 Billion as Investors Ditch Gold Holdings Sidhartha Shukla - Bloomberg A divergence is emerging in US exchange-traded funds as investors move from gold to its so-called digital counterpart, Bitcoin. Over the past five weeks, US Bitcoin ETFs have attracted more than $9 billion in inflows, led by BlackRock Inc.'s iShares Bitcoin Trust ETF (IBIT). Meanwhile, gold-backed funds have suffered outflows exceeding $2.8 billion over the same period, according to data compiled by Bloomberg News. /jlne.ws/3Soh0AP
| | Exchanges | | Cboe global president departs after three year tenure; The move will see the expansion of the current global head of derivatives and chief operating officer roles to drive growth for Cboe's data vantage business. Natasha Cocksedge - The Trade Dave Howson is set to step down from his role as executive vice president and global president of Cboe Global Markets, effective 1 August 2025. The move sees Howson returning to the UK after serving three years in the role, based in Chicago. The departure will see greater expansion within the company, and Cathy Clay, executive vice president and global head of derivatives will widen her role to provide oversight of the Cboe data vantage business, alongside her current responsibilities covering the global derivatives business of equity and index options and futures. /jlne.ws/4kzVYM5 CME Group and CF Benchmarks to Launch Four New Cryptocurrency Reference Rates and Real-Time Indices on June 2 CME Group CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch four new cryptocurrency reference rates and real-time indices for Arbitrum, Ondo, NEAR and Sui. These reference rates and indices are not tradable futures products. /jlne.ws/4kL2b7A
| | Regulation & Enforcement | | SFC and Saudi Capital Market Authority extend dialogue on regulatory cooperation beyond landmark ETF listing SFC The Securities and Futures Commission's (SFC) Chief Executive Officer (CEO) Ms Julia Leung met today with Board Commissioner Mr Abdulaziz Bin Hassan of the Capital Market Authority (CMA) of Saudi Arabia in Hong Kong. Both sides agreed to enhance regulatory collaboration and continue to work towards a Memorandum of Understanding to facilitate cross-border investment initiatives between Hong Kong and Saudi Arabia. /jlne.ws/3SqSP4E
| | Strategy | | How Long Can Nvidia Keep Growing? Markets Don't Care; All that seems to matter is that the AI chipmaker can keep increasing profits even when its own government gets in the way. John Authers - Business Insider Nvidia Corp.'s results matter, and they were fine. In fact, they were extraordinary, just as they have been throughout the 30 months since the launch of ChatGPT alerted the world to the potential of artificial intelligence running on the company's chips. This is what has happened to the company's sales over the last 25 years: With demand expanding so rapidly, it has made and sold its products incredibly profitably. The operating profit margin fell in the last quarter, with the company having to write off much inventory that had been earmarked for China before such sales were blocked by the US administration. But its margins remain breathtaking: /jlne.ws/45vZn9L
| | Miscellaneous | | How Stephen Miran - a Harvard-trained former free market champion - became Trump's top ideologue on tariffs Shawn Tully - Fortune Back in 2010, Stephen Miran had one of those once-in-a-lifetime aha moments that few people experience in their careers. "It was during my first job working as an economist for a currency-focused hedge fund," Miran recalled during a phone interview in early May. "The currency markets are a bit of a Wild Wild West. All sorts of things happen that shouldn't happen in an economics textbook. Heavily managed currencies in some countries were making markets behave in weird ways." What shocked the twentysomething Wall Streeter most from this "front-row seat" was the way China manipulated "currency channels" to ensure that its renminbi stayed way undervalued versus the dollar. /jlne.ws/3FcvIYI
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