| October 17, 2023 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | How 0DTE Options Took Over the Market
WSJ (Video)
Traders are piling into 0DTE optionsâa cheap, fast, but risky way to bet on the market that offers the chance of explosive returns if those bets are correct. We'll explain their rise and their effect on the stock market. Photo: Robert Machado
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US options traders on edge, eye bond market moves
Saqib Iqbal Ahmed - Reuters
U.S. equity options traders remain on edge, with much of their focus on U.S. Treasuries even as Middle East tensions persist. The Cboe Volatility Index (.VIX) rose 0.25 points to 17.46 on Tuesday, about 3 points shy of the recent high of 20.78 touched on Friday.
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Complexity of Trade Surveillance Soars Amid Record Volumes and Volatility;
The Trade Surveillance Market Review is available to download from: https://info.eventus.com/acuiti-2023-report-combating-market-manipulation
Eventus; Acuiti Management Intelligence
The complexity of trade surveillance is continuing to grow, as firms struggle with record volatility, high volumes and fragmented markets, an Acuiti report released today has found. The report, Trade Surveillance Market Review: Rising Alerts, Rising Complexity, which was commissioned by Eventus and based on a survey and series of interviews with senior executives at 64 firms, found that senior trade surveillance executives expect the volume of alerts and complex issues they must address to continue to grow over the next five years.
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Currency Hedging Is Out of Favor for UK Plc as Pound Volatility Fades
Alice Atkins - Bloomberg
British companies are dialing back on currency hedging as their earnings become less vulnerable to dramatic swings in the pound.
The proportion of UK firms hedging their foreign-exchange exposure has fallen to 70%, down from 89% last year, currency management company MillTechFX said in a report Tuesday. Those who typically hedge have scaled back, while less firms are considering starting, according to its survey of 250 chief financial officers and treasurers.
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Shorter duration options spur gamification of derivatives market
Ashley Coutinho - The Hindu Businessline
Change in contract structure, leverage combined with the ease of onboarding and interface of the new generation trading apps has triggered gamification of the derivatives market, according to a report by Axis Mutual Fund. Equity derivatives account for 99.6 per cent of market volumes, totalling over $4.3 trillion per day. Derivatives volumes are now 400 times that of cash equity and 900 times of delivery-based trading volumes.
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FIA Expo 2023: Options Trading Skyrocketing in Popularity, Barchart Ceo Explains Why
Abdelaziz Fathi - Finance Feeds
The FIA Futures and Options Expo is one of the largest and most diverse events for the derivatives industry. The Expo is held annually in Chicago and typically gathers professionals from various sectors, including trading firms, exchanges, clearinghouses, technology providers, and regulators. In an exclusive interview with FinanceFeeds Editor-in-Chief Nikolai Isayev, Barchart CEO Mark Haraburda delved into the recent advancements in the company's product suite.
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| | | | | | Exchanges | | | Miami International Holdings Announces SEC Publishes Notice of Form 1 Application for New Miami-Based MIAX Sapphire Options Exchange
MIAX
The Bermuda Stock Exchange (BSX), and Dorman Trading, LLC (Dorman Trading), today announced that a notice of its Form 1 application for its newest options exchange has been published by the Securities and Exchange Commission (SEC). MIH filed the Form 1 application to register MIAX Sapphire as a national securities exchange operating both an electronic exchange and physical trading floor for U.S. options.
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NSE Expands Commodity Derivatives Segment with 13 New Contracts
Mohammad Haris - News18
Over the last few days, NSE has launched six new derivatives contracts -- WTI crude oil, natural gas, and silver. The new futures contracts are 'option on futures' on gold 1kg futures, gold mini, silver mini, copper, zinc, gold guinea (8 grams), aluminium, aluminium mini, lead, lead mini, nickel, zinc and zinc mini Follow us: Facebook Twitter Telegram Google News The National Stock Exchange (NSE) on Monday said it has launched 13 new commodity derivatives contracts, a move that will help investors efficiently manage their risk. With this launch, NSE offers 28 products in the commodity derivatives segment, the exchange said in a statement.
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| | | | | | Regulation & Enforcement | | | SEC's New Hedge Fund Rules Lack an Accountant's Precision; The reporting requirements for short-sale transactions by big investors won't help the agency uncover manipulative investing practices or potential blow-ups.
Aaron Brown - Bloomberg Opinion
The Securities and Exchange Commission recently announced new rules for hedge funds to report on equity short positions. There's nothing terrible in the rules, but they will impose pointless costs on investors, mainly because they were written by lawyers rather than accountants. Of course, every new diktat prompts complaints about the costs, but in this case they are greater than they may seem.
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EU securities watchdog warns investors over crypto market protections
Huw Jones - Reuters
Investors will not be protected under European Union cryptoasset market rules until at least the end of 2024, and even then they should still be ready to lose all their money, the bloc's securities watchdog said on Tuesday.
The EU was the first jurisdiction in the world to approve a comprehensive set of rules to regulate markets for cryptoassets like bitcoin, which entered into force in June but won't be fully applied until December 2024.
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| | | | | | Miscellaneous | | | Dalio's Abu Dhabi Penthouse Shows Rise of New Hedge Fund Hubs; The UAE is emerging as a hub for hedge funds. Its neutral approach and easy visa policies have helped draw capital in times of strife.
Nicolas Parasie, Ben Bartenstein, Nishant Kumar, and Julia Fioretti - Bloomberg
From a penthouse overlooking the Persian Gulf, one of the world's biggest hedge fund fortunes is feeling increasingly at home. Ray Dalio's purchase of a luxury beachside residence on Abu Dhabi's Saadiyat Island is part of a Middle Eastern outpost that also includes a branch of his family office in the city's financial district, according to people with knowledge of the matter. His growing footprint is emblematic of the changes that have turned the United Arab Emirates into an important hub for traders. The past couple of years have seen highly paid professionals from more than 100 firms arrive, an influx that's rippling through the nation.
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