| October 26, 2022 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | Regulators Weigh Whether to Allow Betting on Midterms; Kalshi, which allows users to buy contracts on another moon landing and hurricanes hitting major cities, is seeking approval for political bets
Paul Kiernan - The Wall Street Journal
Derivatives exchange Kalshi Inc. is ready to let users bet on next month's midterm Congressional election, with a timer on its website counting down the days, hours and minutes until the first U.S.-based election-betting market goes live. But the plan carries an asterisk: "pending regulatory approval." The Commodity Futures Trading Commission, which regulates derivatives, has set an informal Friday deadline for deciding whether to approve a Kalshi request to list options related to the partisan control of Congress.
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Wall Street's fear gauge drops to a 4-week low as expectations for less-aggressive Fed rate hikes fuel stock gains
Carla Mozee - Business Insider
The Cboe Volatility Index, a widely watched track of the 30-day implied volatility of the SP 500 index, fell 4.5% to 28.49, the lowest level for the VIX since September 23.
Meanwhile, the Samp;P 500 notched a third consecutive gain as did the Dow Jones Industrial Average and the Nasdaq Composite.
/jlne.ws/3TGSoC9
Traders Bet on Aluminum Price Surge as LME Weighs Russia Ban; Market faces sharp price risks from LME, White House measures; Dash to buy call options shows market betting on year-end jump
Mark Burton - Bloomberg
Aluminum traders are making bold bets in the options market to position for price spikes later this year, as the metals world weighs the possibility of restrictions on Russian supplies. The London Metal Exchange is holding formal discussions about banning Russian metal, while the US government is considering a range of potential curbs on aluminum specifically, including possible sanctions on mining giant United Co. Rusal International PJSC. The debate has divided the aluminum market: some consumers are emphatically shunning Russian production, while others depend on it.
/jlne.ws/3FfmBUF
Billionaire Sam Zell Says Energy Bets Constrained by Oil Volatility
Gerson Freitas Jr - Bloomberg
The wild moves in oil prices over the past couple years have curbed billionaire Sam Zell's enthusiasm for investing in the US energy sector. Extreme price volatility has made such investments "extraordinarily difficult and challenging," the founder and chairman of Equity Group Investments said in an interview with David Westin for Bloomberg Television's Wall Street Week.
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| | | | | | Exchanges | | | Leaders in Trading 2022: Meet the nominees for.... Outstanding Derivatives Exchange Group; Learn more about the five firms shortlisted for our Editors' Choice Award for Outstanding Derivatives Exchange Group this year: including Cboe Europe Derivatives (CEDX), CME Group, Eurex, Euronext and ICE.
Wesley Bray - The Trade
The TRADE is happy to introduce the shortlist for our Editors' Choice, Outstanding Derivatives Exchange Group. The shortlisted derivatives exchange group have all experienced great years and have achieved outstanding performance. Learn more about our shortlisted candidates below, including Cboe Europe Derivatives (CEDX), CME Group, Eurex, Euronext and ICE.
/jlne.ws/3NaEdCV
Temporary Suspension of Volatility Control Mechanism ("VCM") for Hang Seng Index futures products in Derivatives Markets
HKEX
Please be advised that Hong Kong Futures Exchange Ltd. ("HKFE") is suspending until further notice the VCM for the spot and spot-next contracts of Hang Seng Index ("HSI") Futures, Hang Seng China Enterprises Index ("HSCEI") Futures, Hang Seng TECH Index ("HTI") Futures, Mini HSI Futures and Mini HSCEI Futures, due to an external vendor software issue. HKFE is working with its vendor to resolve the issue, and further announcements as appropriate will be made in due course. The VCM for Hong Kong Exchanges and Clearing Ltd. ("HKEX")'s cash market is unaffected and is operating as usual.
/jlne.ws/3Dzov11
Exchange operator CME tops profit views as trading volumes surge
Reuters
Futures exchange operator CME Group Inc (CME.O) reported third-quarter profits that beat expectations as volatility in the global markets amid high inflation, aggressive rate hikes and recession fears, drove trading volumes higher.
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| | | | | | Regulation & Enforcement | | | U.S. SEC adopts executive compensation clawback rules
John Mccrank - Reuters
The U.S. Securities and Exchange Commission on Wednesday voted to adopt new rules that will require companies that restate their financials due to compliance lapses to claw back excess compensation from their executives.
The rule, which Congress mandated following the 2007-2009 financial crisis, was left unfinished in 2015, but was revived by the SEC under Chair Gary Gensler last year as part of a broader effort to crack down on corporate malfeasance by strengthening the agency's tools for penalizing executives.
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| | | | | | Technology | | | OneMarketData Launches Onetick Market Data Research Environment With Seamless Access To Comprehensive Market Data And Analytics
OneMarketData
Today OneMarketData, LLC ("OMD"), a high-performance enterprise-wide solution for tick data, analytics and visualization, announced it has launched OneTick Market Data Research Environment (MDRE). OneTick MDRE provides users streamlined access to market data, a library of analytics and a framework for machine learning. The new service allows users to easily access years of historical tick-by-tick market data on a T+1 basis from over 200 exchanges, covering global equities, futures, US equity options and crypto data.
/jlne.ws/3Fn1Ar0
Digital Asset Data Provider Amberdata Acquires Crypto Analytics Company Genesis Volatility
Jamie Crawley - CoinDesk
Amberdata, a provider of digital asset data to financial institutions, has acquired Genesis Volatility (GVol), a crypto options and derivatives analytics firm. The purchase will allow Amberdata to expand its decentralized finance (DeFi) products, offering support for protocols such as Friktion, Ribbon and Lyra, according to an announcement shared with CoinDesk. The company's institutional clients include Citigroup (C), Fidelity and Nasdaq (NDAQ).
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| | | | | | Moves | | | John Angelos, former senior director, head of North America index options sales at Cboe Global Markets, has started a new position as senior director of commercial business development at MerQube.
| | | | | | Strategy | | | Markets Are Volatile. These 6 Stocks Are Worth a Look.
Carleton English - Barron's
Stocks are rebounding on better-than-feared third-quarter earnings, but investors should still be cautious.
Chris Senyak, chief investment strategist at Wolfe Research, is skeptical about the recent rally of the S&P 500 and Nasdaq . He believes a recession is near and stocks will get hit. âWe continue to believe that the Fed will ultimately hike fed funds to between 5% and 6%, and that a demand-driven recession will hit at the beginning of next year,â Senyek wrote.
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| | | | | | Events | | | The FIA is holding a webinar called, "Q3 2023 Trends in Futures and Options Trading" with Will Acworth, senior vice president of publications, data & research at FIA, on Wednesday, November 9 from 10:30 a.m. - 11:30 a.m. ET. You will either need to create an account with FIA or login to your FIA account to register for this webinar; you can contact memberservices@fia.org if you have issues registering. Go here to register.~SR
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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. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
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Editor-in-Chief
| | | Jeff Bergstrom
Editor
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