| March 01, 2023 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | Crypto Options Exchange Deribit to Offer Bitcoin Volatility Futures
Alex Thorn - Coindesk
Deribit, the world's largest crypto options exchange by volume, will soon launch bitcoin (BTC) volatility futures, offering digital asset investors a simpler way than options to hedge against market volatility.
Futures tied to Deribit's forward-looking bitcoin volatility index (DVOL) will be available to Deribit under the ticker BTCDVOL from the end of March, the exchange's chief commercial officer, Luuk Strijers, told CoinDesk on Wednesday.
/jlne.ws/3ZyQkij
Where Are Interest Rates Headed? Bet on Higher for LongerâEverywhere.
Evie Liu - Barron's
Higher-than-expected consumer prices and a strong jobs report have rekindled concerns the Federal Reserve may lift interest rates to higher levels than previously forecast to keep soaring inflation under control.
Those worries extend beyond the U.S., as the moves could squeeze other global economies and push central banks around the world on a similar path.
/jlne.ws/41ysWTH
The return of inflation - here to stay?
Eurex
Ahead of the Derivatives Forum Frankfurt, Eurex caught up with Thilo Rossberg, head of FICC markets at LBBW, to discuss his outlook for inflation in 2023 and how it will shape fixed income markets. The return of inflation around the world and central banks' battle to combat that trend with rate hikes and quantitative tightening marked a reversal in fixed income markets last year, as volatility returned to trading desks. The path for market conditions in 2023 is uncertain though, with some predicting a new era of higher or longer inflation and others seizing on the early signs of disinflation to predict rate cuts.
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Why March could 'make or break' stock-market sentiment with 2023 rally at crossroads
William Watts - MarketWatch
An early 2023 stock-market rally suffered a setback last month, leaving investors to wrestle with whether to bail out or build up positions as March gets under way.
The question is perhaps more urgent after a brutal performance for U.S. stocks last year, which saw sharp, but short-lived bear-market rallies give way to fresh rounds of selling, said Nicholas Colas, co-founder of DataTrek Research, in a Wednesday note.
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Hedge funds that did best in 2022 could fare worst in 2023 - BNP
Nell Mackenzie - Reuters
Trend following hedge funds that outperformed rivals in 2022 will likely underperform this year, according to investors surveyed by BNP Paribas in a report published this week.
The global survey of 185 investors in December and January also showed the investor community was undecided on putting money in hedge funds generally, given volatile markets.
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| | | | | | Exchanges | | | Cboe Global Markets to Present at the Raymond James Institutional Investor Conference on March 6
Cboe Global Markets
Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that Ed Tilly, Chairman and Chief Executive Officer, Dave Howson, Executive Vice President and Global President, and Brian Schell, Executive Vice President, Chief Financial Officer and Treasurer, will present at the Raymond James Institutional Investor Conference on Monday, March 6 at 8:40 a.m. ET.
/jlne.ws/3fwIEva
| | | | | | Regulation & Enforcement | | | The SEC pay-to-play rule for investment advisers as it turns 12
Ki Hong and Tyler Rosen - Reuters
As we approach, on March 14, its 12-year anniversary, now is as good a time as any to reflect on Securities and Exchange Commission ("SEC") Rule 206(4)-5 (the "Pay-to-Play Rule"), the impact it has had on the financial services industry and political campaigns, and its future.
Pay-to-play rules restrict companies from doing business with state and local governments when they or certain of their employees make contributions to officials holding or running for office in those jurisdictions. There are numerous state and local pay-to-play rules under which companies doing all manner of government business may find themselves automatically banned from government contracts for a period of years following a contribution; there are several federal rules specific to different types of financial services business.
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CFTC Whistleblower Alert: Blow the Whistle on Romance Investment Frauds in the Commodities and Derivatives Markets
Whistleblower - CFTC
Under the Whistleblower Program of the Commodity Futures Trading Commission (CFTC), individuals may become eligible for both financial awards and certain protections by assisting the CFTC with identifying perpetrators and facilitators of romance investment frauds under the CFTC's jurisdiction, such as solicitations related to digital assets, precious metals, and/or over-the-counter foreign currency exchange (forex) trading.
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| | | | | | Moves | | | OCC Announces Megan Cohen Promoted to General Counsel
OCC
OCC, the world's largest equity derivatives clearing organization, today announced the promotion of Megan Cohen to General Counsel and Corporate Secretary effective March 1, and the retirement of Chief Legal Officer Janet Angstadt in early July. Ms. Cohen will work closely with Ms. Angstadt, OCC's Board of Directors and Management Committee to facilitate a smooth transition of responsibilities.
/jlne.ws/41zJbA0
Andy Bevers has been promoted to vice president, head of derivatives account coverage at Cboe Global Markets.
Tricia Perl has been promoted to principal, corporate meetings and events at OCC. ~
| | | | | | Strategy | | | Best Stocks for Options Traders Since 2022
Rocky White - Schaeffer's Investment Research
Options have been more popular lately than ever before. This increase in volume is largely attributed to the rise in 0DTE options, which stands for zero days to expiration, and consists of buying an option that expires that same day after the market closes.
In this article, however, I'm focusing on a longer holding period of four weeks. I'm listing stocks with options that have tended to be mispriced by some metric. While the market in general has chopped around for some time, I'll focus on stocks that have made enough directional movement for attractive option returns.
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Stocks and bonds are moving in tandem, something many investors have never seen before. Here's a strategy for that.
Barbara Kollmeyer - MarketWatch
Stock futures are edging up as March kicks off, while some Asian shares soared on a big rebound in China factory activity data.
Of course, there's the risk that strong China growth could keep global inflation pressures higher, forcing U.S. and Europe long-term bond yields to rise even more (see Markets). That leaves equities "caught between responding positive to growth or negatively to inflation and potentially higher interest rates," say analysts at Saxo Bank.
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The Gamma Squeeze
Cboe (Video)
In today's #Vol411: Cem Karsan @jam_croissant on why options dealers are increasingly needing to hedge short gamma exposure and the impact of that hedging on volatility.
/jlne.ws/3J3wVk5
| | | | | | Events | | | Women In Listed Derivatives (WILD) members and potential new members are invited to WILD's International Women's Day 2023 Happy Hour Hosted by Miax, on Wednesday, March 8th from 4:30 PM - 6:30 PM Central at Little Toasted, 300 S Riverside Plaza Lobby, Chicago, IL 60606. Also to celebrate International Women's Day, WILD is hosting a virtual Fireside Chat with Marex's Board Chair, Carla Stent, on March 8th at Noon CT, for WILD members. To register for the Happy Hour you can go here and to register for the virtual Fireside Chat you can go here. ~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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