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JLN Options
February 20, 2020  
 
Matt Raebel
Editor
John Lothian News
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Observations & Insight
 


DASH Taking Order Routing to Next Level, Exec Says
JohnLothianNews.com

DASH Co-COO Stino Milito talks about options, algos, transparency and price improvement. How can order routing be improved? Milito explains fintech's expansive role.
"What sets Dash apart," says Milito, "is its extremely flexible architecture."
Suzanne Cosgrove of John Lothian News interviews Stino Milito, the co-chief operating officer at Dash Financial Technologies, for this JLN Interview Podcast.

Listen to the Podcast

 
 
Lead Stories
 
Goldman Sachs warns of imminent risk for stocks due to complacency on coronavirus
Barbara Kollmeyer - MarketWatch
Stocks look ready to take a breather and you can blame that on some fresh coronavirus worries.
Japan reported two deaths from a cruise ship and South Korea told 2.5 million people to stay home following its first casualty. While investors may be tired of hearing how virus-complacent they are, as stocks keep busting records, our call of the day from Goldman Sachs is saying exactly that.
/on.mktw.net/39RrlNk

Options markets flash euro warnings after currency plunges past $1.08
Richard Pace and Sujata Rao - Reuters
The euro's tumble below $1.08 for the first time in three years may be only the first milestone in its downward journey, with global newsflow, economic data and option market positioning all seemingly stacked against the single currency.
bit.ly/2wwmPoV

January Manager Performance Snapshot
RCM Alternatives
We field a bunch of calls at the start of each month asking how that hedge fund, this emerging manager, and that mutual fund did last month, and thought to simplify things for you with this categorized list of different alternative investment performance for the month gone by.
bit.ly/38Knh1h

 
 
Exchanges and Clearing
 
Miami International Holdings Executive Thomas P. Gallagher Elected Chairman of Bermuda Stock Exchange
MIAX Options (press release)
Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Exchange Group and majority stock owner of the Bermuda Stock Exchange (BSX), today announced that its Chairman and CEO Thomas P. Gallagher has been elected Chairman of the Council (Board of Directors) of the BSX. Outgoing Chairman David A. Brown will remain on the Council as Deputy Chairman, replacing Jeff Conyers.
bit.ly/2SX5zRk

New Study Finds Index Strategies Using Cboe Russell 2000 Options Offer Income Generation and Downside Protection
PR Newswire (press release)
Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, and Wilshire Analytics, the investment technology group of Wilshire Associates Incorporated (Wilshire), a leading global financial services firm, today released new research designed for financial professionals examining the effectiveness of options-selling index strategies. Options-selling index strategies are designed to provide investors with income from premiums and a potential downside cushion in the event of a market turn.
/prn.to/2HF9tcj

CME Globex Notices: February 17, 2020
CME Group
bit.ly/3bVLUKk

 
 
Technology
 
Sterling Trading Tech Releases Custom Margin Rates and Enhanced VAR for Its Real-Time Risk Engine
Press Release (via BUSINESS WIRE)
Sterling Trading Tech (STT), a leader in compliance, risk and infrastructure solutions for equity, options, and futures trading, unveiled customizable margins and enhanced VAR calculations, a major set of enhancements for its risk analytics Risk as a Service (RaaS) solution, the Sterling Risk Engine (SRE).
The Sterling Risk Engine provides advanced analytics in a RaaS solution utilizing sophisticated quantitative and big data techniques to manage risk in real-time for hundreds of portfolios allowing brokerages and clearing firms to easily monitor market and credit risk. The SRE continuously calculates the OCC Portfolio margin and Risk based haircuts, for each account as well as having the capability to set specific firm specific house rules.
/bwnews.pr/38LE8k2

 
 
Strategy
 
Investor Day Meetings Provide a Chance to Reap Big Gains. How to Play Them With Options.
Steven M. Sears - Barron's
It has become so easy to make money in the stock market that the famous dart-throwing monkeys who have long beat human stockpickers have reportedly turned in their lanyards. In this era of low interest rates, anyone with an online trading account has a great chance at making money just by buying almost anything that moves. And incredibly, almost everyone gets to trade commission-free.
bit.ly/3bS8Vh6

 
 
Miscellaneous
 
Bloomberg's transaction tax sets stage for clash with Wall Street clients
Michelle Price and Pete Schroeder - Bloomberg
Presidential candidate Michael Bloomberg's decision to back a tax on trades marks a blow for Wall Street lobbyists which had seen the moderate Democrat as a potential ally, said analysts and lobbyists.
/reut.rs/2vPVGgx

 
 
 
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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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Matt Raebel
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