| | | | | | | May 27, 2025 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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|  | | | | Observations & Insight | | | 
Natural Gas options are trading at record-breaking volume. CME Direct is the preferred platform for Henry Hub options options traders. See why
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The DIY Investor's New Playground: Kevin "Lex" Luthringshausen on the Retail Options Revolution
JohnLothianNews.com
At the Options Conference in Palm Beach Gardens, Kevin "Lex" Luthringshausen of Tradier, imagining himself back in the CBOE trading pits, gazed out over a non-existent sea of traders before him and saw something remarkable: the rise of the retail investor from "a rare bird back in the day to everywhere." "They're like 40% of volume in the option space," Lex said, marveling at how technology and education have "democratized" trading. "You can play that game cheaply ... and trade very liquid markets."
Watch the video »
| | | | | | Lead Stories | | | Hong Kong Bourse Plans to Start Zero-Day Options in 2026
Savio Shetty - Bloomberg
Hong Kong's stock exchange is seeking to launch options that expire within a day as early as the first half of 2026, bringing to the Asian hub an instrument that has driven a boom in US derivatives in recent years.
Hong Kong Exchanges & Clearing Ltd. is planning to start offering "zero-days to expiry" contracts on the Hang Seng Index, according to people familiar with the matter who asked not to be named because the matter is private. The bourse has been consulting with market participants and the feedback has been positive, they added.
/jlne.ws/3SjA0jQ
Cboe's Vision for 24/5 Market Accessibility: Leveraging Data to Empower Investors
Adam Inzirillo - Cboe
Before I took the helm of Cboe Data Vantage in 2023, I led Cboe's North American Cash Equities business, giving me a front row seat to the evolution of the market. With the globalization of the capital markets, the demand for access to U.S. markets has only continued to grow, and today it is stronger than ever.
At Cboe, we have done what we can to feed that appetite - early trading hours on Cboe's EDGX and BZX equities exchanges, near 24x5 trading in certain derivatives products and global access to insightful market data from our 27 markets. However, we now have an opportunity to collaborate with our industry partners to deliver the next layer of access: 24x5 U.S. equities trading.
/jlne.ws/4mvyusN
Tariff whiplash fuels clearing volumes at major CCPs; Record OCC volumes and strong CME, Eurex gains mark April's tariff-fuels trading spike
Joshua Walker - Risk.net
Clearing volumes at several major central counterparties (CCPs) ballooned in April as the tariff-induced market turbulence swept across asset classes, triggering a sharp rise in trading activity. The Options Clearing Corporation (OCC) reported a record daily total of 102.6 million cleared contracts on April 4, the busiest single day on record for the CCP. For the full month, OCC cleared a total of 1.28 billion contracts, the highest on record going back to 2008.
/jlne.ws/43e2QID
Wall Street's fear gauge falls after Trump extends deadline for 50% tariff on E.U.
Christine Idzelis - MarketWatch
Wall Street's fear gauge was declining Tuesday morning, as U.S. investors returned from the three-day Memorial Day weekend.
The Cboe Volatility Index was down around 8% at 20.47, after President Donald Trump said Sunday in a post on his social-media platform, Truth Social, that he was delaying the 50% tariffs on the European Union until July 9 following a call from the president of the European Commission requesting an extension. The volatility index was trading around its long-term average of around 20.
/jlne.ws/4dx3zrQ
Investors Pile Into ETFs at Record Pace Despite Market Turmoil; U.S. exchange-traded funds have collected some $437 billion in new assets so far this year
Jack Pitcher - The Wall Street Journal
This year's volatile, trade war-obsessed market didn't shake American investors' fondness for exchange-traded funds. In fact, it only made them love them more. Investors have plowed a record $437 billion into U.S. ETFs so far this year, unfazed by the wildest markets since Covid. And if inflows maintain the current pace-historically, they accelerate in the summer and fall months-it will mark the second straight record year for U.S. ETF flows.
/jlne.ws/45oP1bE
UK FinTech Hiring Surges As Compliance And Cybersecurity Drive Risk Expansion
Mondovisione
UK fintechs are set to increase professional hiring by 32% in 2025 despite challenging economic headwinds, according to Morgan McKinley and Vacancysoft's latest fintech report. Interest rates have begun to ease, but volatility, as measured by the VIX, remains elevated, tempering investor confidence. Venture funding continues to underperform historical norms, particularly at early-stage levels. Nevertheless, fintech employers are proceeding with strategic hires. Growth is being led by product expansion, operational scaling and the maturing of several firms from start-up to post-revenue stages driven by regulatory shifts, cyber reforms and a potential renewal of UK-EU financial services.
/jlne.ws/4kuGCb8
| | | | | | Regulation & Enforcement | | | Leverage ratio reform: the good, the bad and the Treasury; A simple cut would be less likely to stoke interest rate risk than exempting US government bonds
Rebecca Baird-Remba - Risk.net
They say every cloud has a silver lining. The volatility in US Treasury markets after president Donald Trump's tariff announcements in April may have given risk managers sleepless nights, but it was also an opportunity for bank lobbyists to reignite a longstanding campaign. When the Federal Reserve exempted US Treasuries from the supplementary leverage ratio (SLR) for one year during Covid, it gave dealers a taste of balance sheet flexibility that they've been craving ever since - but now, they
/jlne.ws/43zl727
| | | | | | Miscellaneous | | | Crypto Is About to Cause the Next Great American Financial Crisis; Banking collapses in 2023 almost triggered disaster-but the real crisis might be caused by what happened after.
Ben McKenzie - Slate
In The Big Short, the Adam McKay-directed film based on the Michael Lewis book, hedge fund manager Mark Baum (Steve Carell) and his associates team up with Deutsche Bank executive Jared Vennett (Ryan Gosling) to short the housing market prior to the subprime crisis. Halfway through the movie, Carell and Gosling have this exchange:
/jlne.ws/3FrDz4C
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