| February 11, 2022 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | The FIA exchange leader panel at the Futures Industry Association's International Futures Industry Conference in Boca Raton, Florida, is going to be crowded this year with nine leaders of global exchanges represented. Lynn Martin, President of NYSE Group, and Chair of ICE Fixed Income & Data Services, will represent ICE in place of Jeff Sprecher. Adena Friedman, President and Chief Executive Officer of Nasdaq, will be the only other woman on the panel.
The confirmed exchange leaders are Nicolas Aguzin, CEO of Hong Kong Exchanges and Clearing Limited; Stephane Boujnah, CEO and Chairman of Euronext and the Managing Board; Loh Boon Chye, CEO of SGX Group; Terrance A. Duffy, Chairman and CEO of CME Group; Michael Peters, CEO of Eurex Clearing AG and Eurex Frankfurt AG; David Schwimmer, CEO of LSEG; and Ed Tilly, Chairman, President and CEO of Cboe Global Markets. The moderator will be Walt Lukken, President and CEO of FIA.
It has to be a shot in the arm to FIA to have all these exchange leaders attend this year's Boca conference, especially those who are flying in from overseas. ~JJL
| | | | | | Lead Stories | | | Markets on edge over central bank action to tame inflation
Katie Martin - Financial Times
We are approaching the point of peak hand-wringing over inflation and peak scrutiny of central bankers. This can only go badly for financial markets.
US inflation data released this week gave the strong impression that policymakers have been caught napping. The annual inflation rate exceeded economists' expectations and struck yet another 40-year high at 7.5 per cent in January, up from 7 per cent in the previous month.
/jlne.ws/3gHz4ml
Volatility back in the driving seat
Julien Ponthus - Reuters
Only for a short little this week did European stock markets' volatility appear to be settling down.
As you can see below, Europe's volatility gauge (.V2TX) briefly went below all 50, 100 and 200 day moving averages on Wednesday and Thursday.
Clearly that trend is no more:
/jlne.ws/3gDGjf1
Mark Your Calendar: March 10 Will Be a Landmark Day for Markets
Vassilis Karamanis - Bloomberg
This year has already had its fair share of huge days for markets, but the biggest may be yet to come: March 10. That's when the next datapoint on U.S. inflation is due and the European Central Bank meets.
Just as ECB President Christine Lagarde is starting her press conference, U.S. consumer prices data for February will be released, meaning that two key event risks for the euro will unfold simultaneously. One-month volatility in the common currency reflects this and is trading near a one-year high.
/jlne.ws/3LsNqFu
OPEC supply issues threaten further oil-market volatility, IEA says
Will Horner - MarketWatch
Chronic oil supply issues among a group of major producing nations threaten to heighten tightness and volatility in the energy market and push prices higher still, the International Energy Agency said Friday.
Failures by members of the Organization of the Petroleum Exporting Countries and their allies to meet pledges to raise supply have helped propel oil prices to their highest level since 2014, the Paris-based agency said in its monthly market report. There were signs that the shortfall was worsening, likely exacerbating tightness in an already stretched market, the IEA said.
/jlne.ws/3rKELWU
DeFi Options Protocols Suffered as Ether Fell to $2.1K
Shaurya Malwa - CoinDesk
Options protocols built on Ethereum and other networks saw falling volumes and users since the start of 2022, according to data analytics tool Glassnode. The trend follows a fall in the broader crypto market, analysts said.
An option is a contract that allows its holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.
/jlne.ws/3LDzjxg
| | | | | | Exchanges | | | Cboe Global Markets Declares First-Quarter 2022 Dividend
Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced its Board of Directors has declared a quarterly cash dividend of $0.48 per share of common stock for the first quarter of 2022. The first-quarter 2022 dividend is payable on March 15, 2022, to stockholders of record as of February 28, 2022.
/jlne.ws/3uYqpVh
CME Group Announces Record Soybean Options Volume, Record European Agricultural Volume on February 10
CME Group
CME Group, the world's leading derivatives marketplace, today announced that a record 291,840 Soybean options contracts were traded on February 10, 2022, surpassing the previous record of 284,838 options on May 10, 2016. Also on February 10, a record 601,447 agricultural product futures and options contracts were traded across Europe, the Middle East and Africa (EMEA).
February 10 was also a top-ten volume day for Soybean futures, with 537,893 contracts traded.
/jlne.ws/34BdLk7
Euronext publishes Q4 and full year 2021 results
Euronext
Strong revenue growth, driven by solid organic performance of non-volume related activities and significant contribution from acquisitions. 2021 costs guidance over- achieved and first delivery of synergies from the Borsa Italiana Group integration.
/jlne.ws/3Ln6XHj
BOX Options Market: Equalized Cabling Infrastructure - Test Dates
BOX
This circular is being issued by BOX Options Market LLC ("BOX") to advise participants of test dates
being made available to validate new connections under the equalized cabling infrastructure,
previously described in information circular IC-2021-52.
/jlne.ws/3LtIsYS
| | | | | | Regulation & Enforcement | | | Gary Gensler's campaign for market transparency is getting more transparent
Thornton McEnery - MarketWatch
Don't look now, but U.S. Securities and Exchange chief, Gary Gensler, is quietly building a very big flashlight.
For more than a year, the drumbeat of retail investors calling on U.S. regulators to "do something" about the dark corners of the stock market has grown louder and louder with many alleging that the head man at the SEC was failing to do his job by not going directly after hedge funds and market makers that they believed were artificially depressing the price of meme stocks like GameStop and AMC Entertainment AMC.
/jlne.ws/3uJDVeY
| | | | | | Strategy | | | Credit-Hedging Surge Sends Put Options on Biggest ETFs to Record
Katherine Greifeld - Bloomberg
Bearish bond investors are rushing for protection, fueling a surge in options activity in two of the biggest corporate-bond ETFs.
Open interest for put contracts is close to all-time highs for both the $34 billion iShares iBoxx $ Investment Grade Corporate Bond exchange-traded fund (ticker LQD) and the $17 billion iShares iBoxx High Yield Corporate Bond ETF (HYG), according to data compiled by Bloomberg. Both funds have posted a barrage of outflows in recent days.
/jlne.ws/3gWMEmh
| | | | | | Education | | | Strategy Showdown: Buying Options Vs. Selling Options
Nasdaq
There are two types of options in the stock market: put options and call options. There are also two ways to trade these options: selling them, or buying them. As a beginner, all these different ways to trade can be overwhelming, but once you understand the fundamentals of how options work, you can make more informed decisions in your portfolio.
/jlne.ws/3oHvJIi
| | | | | | Miscellaneous | | | Crypto Firms Are Spending Big on Super Bowl Ads. It Could End Badly.
Randall W. Forsyth - Barron's
Sunday brings the Super Bowl, which has been transformed from a football game to a kind of secular Fat Tuesday: a celebration involving most of the Seven Deadly Sins in an attempt to stave off SAD (seasonal affective disorder) for the six dreary weeks of winter that inevitably remain in northern climes. Lots of parties, featuring gluttony for the food and drink consumed, and greed for the millions bet on the contest.
The Big Game provides as silly an indicator for the stock market as the groundhog does for the weather: Bulls supposedly fare better in the coming year if an NFC team wins, and vice versa.
/jlne.ws/34y2oJy
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