| May 12, 2023 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | EU gas derivatives market becoming less transparent, watchdog warns
Shotaro Tani and Alice Hancock - Financial Times
More deals in Europe's EUR4tn natural gas derivatives market have moved off-exchange since Russia's full-scale invasion of Ukraine as squeezed companies try to save trading costs, the European Union's securities watchdog has warned.
/jlne.ws/3pBUh9f
Epicenter of market's debt-ceiling worries shifts to doubts on a resolution
Vivien Lou Chen - MarketWatch
Worries about whether a U.S. debt-ceiling resolution can be reached were reflected in volatile trading of short-term government bills, with investors and traders bailing on the two-month maturity on Friday after a fresh warning from U.S. Treasury Secretary Janet Yellen.
The 2-month Treasury bill sold off, pushing the corresponding rate up 32.6 basis points to 4.865% and on its way toward undoing the 43.4-basis-point decline seen in the prior session, based on New York afternoon data from Tradeweb. Yields rise whenever the underlying maturity sells off, and the size of Friday's move points to rising nervousness that the government may run out of money in June.
/jlne.ws/3VXj1Vg
| | | | | | Exchanges | | | Cboe Global Markets Declares Second-Quarter 2023 Dividend
Cboe Global Markets
Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock for the second quarter of 2023. The second-quarter 2023 dividend is payable on June 15, 2023, to stockholders of record as of May 31, 2023.
/jlne.ws/3MjzRuv
SGX Group reports market statistics for April 2023
SGX Group
Singapore Exchange (SGX Group) today released its market statistics for April 2023. Uncertainties over the path for global interest rates slowed activity in a shortened trading month, alongside mixed sentiments on the impact of China's reopening on domestic consumption. Derivatives traded volume was down 15% year-on-year (y-o-y) in April at 17.7 million contracts, as strong gains in commodities activity were countered by reduced trading in equities and foreign exchange (FX).
/jlne.ws/3MlUR3R
| | | | | | Regulation & Enforcement | | | Disciplinary Decision - Offer of Settlement - Laurentian Bank Securities Inc.
TMX
On or about March 8, 2021, Bourse de Montréal Inc. (the "Bourse") filed a complaint against Laurentian Bank Securities Inc. ("LBS"), a formerly approved participant of the Bourse. This complaint stated the following: During the period from January 1, 2018 to April 2, 2019, LBS contravened article 3011 B) (article 3.100(b) from January 1, 2019) - "Surveillance and Compliance" as LBS failed to establish, maintain and ensure compliance with risk management and supervisory controls, policies and procedures that are reasonably designed to manage the regulatory risks associated with marketplace access for its options trading activities
/jlne.ws/3rmxCeo
| | | | | | Strategy | | | De-Dollarization Means Gold Is Underrated and Has a 'Long Way to Run'
Filip De Mott - Markets Insider
Gold could be at the start of a lasting growth period as global de-dollarization trends continue, Co-CIO of Bridgewater Associates Karen Karniol-Tambour said.
Gold has historically been attractive when interest rates are falling, but she thinks there's now more to the precious metal, setting it up for a bullish outlook.
/jlne.ws/42u4GCd
Covered Call ETFs Can Diversify Income Streams
Tom Lydon - ETF Trends
Things are a bit more sanguine for income investors this year, though not 100% so, but 2022 serves as a reminder that stocks and bonds can fall in unison. One of the takeaways from that scenario could well be that advisors and investors ought to consider adding some diversification to income-generating portfolios rather than relying fully on equities and fixed income instruments. Options strategies can bolster and diversify a portfolio's income streams and exchange traded funds, including the Global X Nasdaq 100 Covered Call ETF (QYLD) and the Global X S&P 500 Covered Call ETF (XYLD), make options writing easier and more cost-effective for a broader swath of investors.
/jlne.ws/3nZ10cE
| | | | | | Miscellaneous | | | ISDA Annual General Meeting
Eric Litvack - International Swaps and Derivatives Association
It's great to be back in Chicago again, a city that is truly steeped in financial history. It's here that the Chicago Board of Trade introduced the first standardized futures contracts in 1865, a big step on the path to the development of modern derivatives markets. It's also here that the Chicago Butter and Egg Board, a forerunner of CME Group, was founded in 1898, reinforcing Chicago as a focal point for the trading and risk management of commodities
/jlne.ws/42lSMud
Fund managers still lured to crypto 'because of the returns'
Joanna Wright - Wired
Wall Street and the City have cautiously dipped their toes into digital assets and blockchain technology. But successive scandals, extreme volatility, plummeting investments and regulatory uncertainty have blunted any desire to throw themselves right in feet first. But speakers at the Financial Times' Crypto and Digital Assets Summit conference in London this week say finance juggernauts have not given up on crypto and digital assets.
/jlne.ws/3Mlm9HC
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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
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
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