| October 06, 2023 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | Trader Bets Big on Volatility Index (VIX) Spike Hours Before US Payrolls Data
David Marino and Elena Popina - Bloomberg
At least one trader correctly anticipated the surprising jump in US payrolls Friday.
In the hours before the widely anticipated US jobs report, a trader or traders bought more than 50,000 call options on the Cboe Volatility Index â also known as the VIX or the stock market's "fear gauge" â betting that a strong report would push stocks lower and send investors looking for protection. The one trade amounted to almost 6% of the entire day's average volume for all options and attracted attention as unusually big for overnight session.
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Japan's re-defined intervention trigger may slow, but not derail, yen bears
Leika Kihara - Reuters
Japan's new interpretation of "excessive" yen volatility is aimed at keeping investors on guard rather than lowering the threshold for actual intervention, say experts, who expect yen bears to remain resilient until domestic monetary conditions tighten.
Japanese authorities have traditionally defined excessive moves as an abrupt spike or plunge in the yen that happen in a short period of time, such as in a single day or a week, and driven by speculative traders.
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| | | | | | Exchanges | | | NSE to launch options on NYMEX WTI Crude Oil and Natural Gas futures contracts
Ambhini Aishwarya - Investing.com
The National Stock Exchange (NSE) is set to introduce options on NYMEX WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment starting Monday, October 9, 2023. This move comes after receiving approval from the Securities and Exchange Board of India (Sebi), allowing the launch to occur a week earlier than the initially planned date of October 16.
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Miami International Holdings Reports September 2023 Trading Results; Year-to-Date Volume at Record Levels with Options Volume Jumping 25.8% and Equities Volume Surging 44.5%
MIAX
Miami International Holdings, Inc. today reported September 2023 trading results for its U.S. exchange subsidiaries - MIAX , MIAX Pearl and MIAX Emerald (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX).
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Nodal Exchange achieves new records with 65% growth in power and 10% growth in environmental futures
Nodal Exchange
Nodal Exchange today announced significant growth in both power and environmental futures in the month of September. In power, Nodal set a calendar month record for September 2023 with 224.1 million MWh of traded power futures volume in the month, up 65% from the prior year. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.240 billion MWh at the end of September. September 2023 environmental volume was 28,769 lots, up 10% from 26,190 lots in September 2022. For Q3 2023, Nodal reported environmental futures and options volume of 84,745 lots, up 27% from 66,984 lots in Q3 2022. Environmental markets on Nodal ended September with more that 270,000 lots of open interest, up 32% from a year earlier.
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NSE Celebrates 5 Years of Commodity Derivatives Segment; To launch Options on Futures on WTI Crude Oil Futures and Natural Gas Futures from October 9, 2023
NSE
National Stock Exchange of India (NSE) launched commodity derivatives segment in October 2018. The commodity derivatives segment began with the launch of derivatives on Gold Futures and Silver Futures. Since launch, NSE and NSE Clearing had made available Gold Futures, Gold Mini Futures, Gold 1-gram Futures, Silver Futures, Brent Crude Futures, WTI Crude Oil Futures, Natural Gas Futures, Copper Futures and Option on Goods on Gold Mini, Silver and Copper in commodity derivatives segment demonstrating their capability in handling Trading, Clearing & Settlement of Commodity Futures and Commodity Options.
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| | | | | | Regulation & Enforcement | | | US regulators weigh penalizing bankrupt crypto lender Voyager's ex-CEO - Bloomberg
Reuters
Investigators at the U.S. Commodity Futures Trading Commission's enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, Bloomberg News reported on Friday.
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SEC seeks to force Elon Musk to testify in probe of Twitter stock purchases; US securities regulator's court filing signals yet another fight with billionaire
Hannah Murphy - Financial Times
The US securities regulator is taking Elon Musk to court over his refusal to testify in an investigation into his purchases of Twitter stock and his statements surrounding the $44bn takeover of the social media platform. In a filing in California federal court on Thursday, the Securities and Exchange Commission said it was conducting an "ongoing non-public investigation" into whether Musk had "violated various provisions of the federal securities laws" in connection with "his purchases of Twitter stock" and "his 2022 statements and SEC filings relating to Twitter".
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| | | | | | Strategy | | | Volatility Staying High
Cboe (Video)
In #Vol411, Dan Deming @Djd551 covers the $VIX futures roll market, realized & implied volatility readings, activity in Oct & Nov VIX puts, and previews next week.
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| | | | | | Miscellaneous | | | CME Head Duffy Warns New Taxes Threaten Chicago's Recovery
Katherine Doherty and Isis Almeida - Bloomberg
Few businesses have Chicago roots as deep as the CME Group Inc. â the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company's Chicago Mercantile Exchange business).
But Chief Executive Officer Terry Duffy doesn't feel constrained by those ties, with many of the exchange's leases coming up for renewal in 2025.
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