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The Weekend Update

JLN PRESS ROOM PICK OF THE WEEK

Zero-Day Options Are Reordering the Way the Stock Market Behaves

Wall Street has accepted that derivatives trading will never be the same after the frenzy for fast-twitch stock options took hold. What it next has to absorb: The equity market itself is threatening to go the same way.


Evidence is starting to stack up that the craze for so-called zero-day contracts, known as 0DTE, is altering how underlying assets behave. The idea is that the surge in trading of these tools — essentially side bets — has become so big that it’s affecting the broader market.


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10 MOST CLICKED STORIES OF THE WEEK

Chicago’s Empty Office Towers Threaten Its Future as a Major Financial Hub

Jason Billups needs your help

Zero-Day Options Are Reordering the Way the Stock Market Behaves

RIP, Lumber-Futures Contract That Jumped During Covid-19

CME Group CEO Duffy says exchange is prepared to leave Chicago 'if we had to'

Jump Trading Did Secret Deal to Prop Up TerraUSD Stablecoin, SEC Says

Here’s How Much Wealth You Need to Join the Richest 1% Globally

The CME's Terry Duffy on the Big Risks He's Seeing Now | Odd Lots (YouTube podcast)

Zoe Victoria Zurkowski (Obituary)

Russia says hypersonic missile scientists face 'very serious' treason accusations

4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK

David Gartner

Frederick G. Uhlmann

MIAX

Collateral swap

TOP TWEETS OF THE WEEK

IEX’s John Ramsay Talks to JLN about SEC Equities Market Proposals and Comment Letter Responses

Russia says hypersonic missile scientists face 'very serious' treason accusations

MIAX Completes Acquisition of LedgerX from FTX Debtors

Russia says two commanders killed as Kyiv wages Bakhmut offensive

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FROM JOHN LOTHIAN NEWS
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Jason Radzik on BNP Paribas’ Growth, ION, FTX, and Industry Ethics

JLN spoke with Jason Radzik, managing director at BNP Paribas, at the 2023 FIA conference in Boca Raton in March about the company’s growth and acquisitions, the ION attack, and the consequences for the industry of the FTX collapse. 


Radzik said it is an exciting time for BNP Paribas, which won the Risk.net award for clearer of the year for the second year in a row. Radzik said the company has been taking advantage of the high volatility in the markets to grow, and it is growing the number of people on the team.


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Options Discovery Episode 17: Intro to Different Asset Classes for Options; the Chief Commercial Officer of Deribit, Luuk Strijers, Discusses Options for Digital Assets and More With JLN’s Alex Teng

In this episode of Options Discovery, Alex Teng introduces the different asset classes that options can be derived from. This includes assets such as fixed income, commodities, equities, indices, and currency. Alex then sits down with Luuk Strijers, chief commercial officer of Deribit, to discuss the emerging market of digital currency options and the Deribit exchange. Alex and Luuk discuss a variety of topics from growing options volume to regulatory concerns. Feel free to learn more about Deribit here: https://www.deribit.com/


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Martin Franchi Talks to JLN About NinjaTrader’s acquisitions and redesign and the “tremendous” growth in the retail space

Martin Franchi, the CEO of NinjaTrader, spoke with JLN at FIA Boca in March 2023 about the integration of Tradovate and other acquisitions, the redesign of NinjaTrader, and the growth in technology and in the retail space.


Franchi said the technology NinjaTrader acquired with Tradovate – the mobile platform as well as the cloud infrastructure – has transformed the company internally. “We like to think we are NinjaTrader 2.0 now,” he said.


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IEX’s John Ramsay Talks to JLN about SEC Equities Market Proposals and Comment Letter Responses

John Lothian News interviewed John Ramsay, the chief market policy officer of IEX, about four recent proposals by the U.S Securities and Exchange Commission to reform U.S. equity markets. Ramsay discussed each of the proposals with John Lothian, what the comment letter responses were and what the IEX responses were.


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