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JLN Options
December 06, 2022  
 
Jeff Bergstrom
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Lead Stories
 
FIA launches ETD Tracker; New online tool displays data on the trading of exchange-traded derivatives
FIA
FIA today announced the release of the FIA ETD Tracker, a new tool on its website that provides insights on trends in the trading of futures and options on exchanges worldwide. The ETD Tracker consists of interactive visualizations that allow users to view monthly data on volume and open interest. The visualizations include filters based on data, region and jurisdiction as well as asset group and type of product, which allows users to focus on particular segments of the global exchange-traded derivatives markets.
/jlne.ws/3HgBcQM

The Stock Market Could Get Crazy Again With a Volatility Spike
Jacob Sonenshine - Barron's
The stock market has been calm, but that can't last much longer.
The S&P 500 has gained almost 10% from its lowest close of the year, set in early October. Accompanying that has been a Cboe Volatility Index (VIX), which measures the extent of expected swings in stock prices, at the 21 level, close to its low for the second half of the year. To be sure, that's fairly elevated, historically speaking, as the VIX was often below 15 for the post-financial crisis era. Still, 20 isn't as high as it could go, as it has gone into the mid-30s several times this year. Enabling the calm has been hope that the Federal Reserve will slow down the pace of rate hikes, which threaten to put the economy into a recession; hikes are designed to dent demand in order to reduce the rate of inflation.
/jlne.ws/3FxBukO

FIA Expo: ICE's Brian Norris Talks ESG Investment, Carbon Credits And Market Data
Abdelaziz Fathi - Finance Feeds
The FIA Futures & Options Expo, now in its 38th year, convened the listed derivatives dealers, thought industry leaders and other stakeholders for two days of networking. This fall, more than 3,000 industry attendees gathered at the Sheraton Grand Chicago Riverwalk to meet with the most innovative technology and service providers. FinanceFeeds Editor in Chief Nikolai Isayev sat down with Brian Norris, VP of Global Sales and Trading Solutions at Intercontinental Exchange (ICE), to discuss challenges and opportunities for exchange-traded markets and the role of their respective offerings in the years ahead.
/jlne.ws/3VYeRLV

Stock Market Outlook: the Fed Won't Change Policy to Boost Falling Stocks
Jennifer Sor - Markets Insider
Markets are wrong for thinking that the Federal Reserve will change its path if stocks are reeling from its aggressive rate hikes, and investors should be prepared for a volatile January, according to Bank of America's chief stock strategist Savita Subramanian.
/jlne.ws/3h6wN84

$3,000 gold and more outrageous market predictions investors shouldn't brush aside.
Barbara Kollmeyer - MarketWatch
Monday served as another smackdown for investors who are banking on a Goldilocks economy and a less aggressive Fed.
Some are now not ruling out a Grinch-like turn from the central bank — a 0.75% hike next week instead of the 0.50% markets have been pinning hopes on — following strong data on services, jobs and wages.
/jlne.ws/3iHe83k

High input costs and rising interest rates top concerns as farmer sentiment remains unchanged
CME Group
Unlike the two most recent presidential elections, the November mid-term election outcomes did little to swing farmer sentiment. The Purdue University/CME Group Ag Economy Barometer came in at a reading of 102 in November, unchanged from October. There was however a slight movement in both of the barometer's sub-indices. The Current Conditions Index declined 3 points to a reading of 98 while the Future Expectations Index increased 2 points to a reading of 104. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted after the U.S. mid-term elections from November 14-18.
/jlne.ws/3FawlxN

U.S. Crude Closes at Lowest Price of 2022
David Uberti - WSJ
U.S. crude prices continued a months-long selloff Tuesday, dragging prices into negative territory for 2022.
Front-month futures contracts for West Texas Intermediate fell to $74.25 a barrel, their lowest closing price since Dec. 23, 2021, according to Dow Jones Market Data. The benchmark has fallen by nearly 40% since a March 8 high reached after Russia's invasion of Ukraine.
/jlne.ws/3VXtwHa

 
 
Exchanges
 
Cboe Global Markets Reports Trading Volume for November 2022
Cboe
Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported November monthly trading volume statistics across its global business lines. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain November trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.
/jlne.ws/3F72mXj

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency
Rick Steves - FinanceFeeds
This marks a milestone in Nasdaq's technology infrastructure as the new cloud-enabled system, using AWS Outposts, continues to deliver a low double-digit microseconds latency for end-to-end and order-to-trade processes.
In addition, the AWS-based market infrastructure has achieved a 10% performance improvement in round trip latency.
/jlne.ws/3FtkbBs

NYSE Arca Options: Pillar Update - Temporary Rollback of changes to MMID Validations, Arb and Intrinsic Checks, Auction Imbalance message publication interval
NYSE
Effective December 6, 2022, NYSE Arca Options will roll back the previously announced changes to MMID Validations, Arb and Intrinsic Checks, Auction Imbalance message publication interval. The updated implementation date(s) for these changes will be announced via a subsequent Trader Update. Please contact rmteam@nyse.com with any questions regarding this update.
/jlne.ws/3P3lTMU

Cboe Global Markets selects Mirae as clearing broker for US treasuries platform; New marketplace will offer access to curated liquidity through the consolidation of streaming quotes from dealers into a single best price at desired volume levels.
Wesley Bray - The Trade
Cboe Global Markets has selected Mirae Asset Securities (USA) as the fully disclosed clearing broker for its new US treasuries trading platform. Mirae, which is a member of the DTCC Fixed Income Clearing Corporation (FICC), will provide anonymity on the platform, with all trades facing Mirae and settling against the FICC.
/jlne.ws/3HeI1lR

 
 
Regulation & Enforcement
 
Derivatives Trade Reporting Rules Roundup
DTCC
Arm your firm with key regulatory insights to get ahead of the upcoming revisions to global derivatives reporting rules.
/jlne.ws/3VC63vf

 
 
Miscellaneous
 
Bull Market Shams Are Unraveling
Gunjan Banerji - WSJ
Some of the bull market's biggest shams are coming undone.
James Velissaris, founder and former chief investment officer of Infinity Q Capital Management, pleaded guilty to securities fraud in November.
/jlne.ws/3uv0jrl
 
 
 
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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.
 
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