| February 28, 2023 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | 
Intro to the OIC, OCC, and How to Analyze Volatility; Mat Cashman, Experienced Trader & Principal of Investor Education at the OIC, Explains These Concepts in Part One of This Options Discovery Full Interview
JohnLothianNews.com
In this Options Discovery full interview, Alex Teng sits down with Mat Cashman, principal of investor education at the OIC, to discuss Mat's background, the OCC, and volatility. To learn more about the OIC and access their host of free options tools, go to https://www.optionseducation.org/.
Watch the video »
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Options Discovery Episode 14: Volatility Analysis; OIC's Mat Cashman Breaks Down the Relative Value Framework with JLN's Alex Teng
JohnLothianNews.com
In this episode of Options Discovery, Alex Teng introduces the concept of the relative value framework and volatility analysis. Alex also speaks with Mat Cashman, principal of investor education at the OIC. Mat explains implied and historical volatility and how to use the relative value framework to analyze options. To learn more about the OIC and access their host of free options tools, go to https://www.optionseducation.org/.
Watch the video »
| | | | | | Lead Stories | | | How A Super-Cheap, Super-Volatile New Options Strategy Has Emerged To Help The Pros Cream The Little Guys
Jon Markman - Forbes
Volatility is increasing for systemic reasons, and that is a big opportunity for long-term investors.
The S&P 500 closed unchanged on Tuesday, yet behind the scenes traders were frantically buying and selling. It's a new reality driven by zero-day-to-expiry options, a relatively new investment tool.
/jlne.ws/3EIx7T2
Markets Haven't Moved Like This Since 1989. What It Means for 2023.
Brian Swint - Barron's
It's been a wild ride for equities this year. And it's only the end of February.
Stocks rose more than 6% in January and are on track to lose more than 1% in February. That particular combination of a strong start followed by a reversal in February hasn't happened since 1989, according to Dow Jones Market Data, when Federal Reserve interest rates were also rising.
/jlne.ws/3xWamYe
'Everything' Bull Market Is Over, Inflation Is a Big Problem: BlackRock
Zinya Salfiti - Markets Insider
Investors can no longer rely on stocks and other assets to keep logging gains like they used to, according to a top BlackRock strategist.
It's become clear that inflation is not coming down as quickly as hoped, and that means the Federal Reserve might keep hiking interest rates, Ben Powell told Bloomberg TV on Tuesday.
/jlne.ws/3SRmUdb
Inflation will remain high in volatile markets, warns hedge fund chief
Laurence Fletcher - Financial Times
Inflation will remain high because of strong wage growth in much more volatile markets, the head of one of the world's biggest hedge funds predicted on Tuesday.
Man Group chief executive Luke Ellis told the Financial Times investors needed to get used to volatility with significant moves up and down.
"It will take a lot of years before inflation is put to bed again. We're in a different paradigm," said Ellis.
/jlne.ws/3ZpNX14
March madness could be in store for markets after a somber February
Naomi Rovnick and Dhara Ranasinghe - Reuters
March madness? After a euphoric January was followed by a somber February, with bonds and equities selling off as strong data renewed rate-hike bets, more wild swings could be next for world markets.
U.S. 10-year Treasury yields are poised to end February roughly 40 basis points higher over the month, their biggest monthly jump since September . Across Europe, bond yields, which move inversely to prices, are near multi-year highs , .
/jlne.ws/3SyUpAI
| | | | | | Exchanges | | | ETD Volume - January 2023
FIA
Worldwide volume of exchange-traded derivatives reached 8.47 billion contracts in January, up 0.3% from December 2022 and up 39.2% from January 2022.
Options continue to gain in popularity. Global trading of options reached 6.30 billion contracts in January, up by more than 70% from last year, with most of that trading taking place in the Asia-Pacific region. Global trading of futures reached 2.17 billion contracts in January, down 9.3% from the same month last year.
/jlne.ws/3ZaBLBJ
CME Sees Opportunity for Futurization
Shanny Basar - Marketsmedia
CME Group sees growth potential in futurization, or providing an alternative to over-the-counter markets, as capital efficiency has become more important with regulatory tailwinds, such as the uncleared margin rules. Regulators have phased in uncleared margin rules since 2008 to reform the over-the-counter derivatives market and encourage a shift of more products into central clearing following the global financial crisis.
/jlne.ws/3xUcGPv
Cboe Global Markets to Present at the Raymond James Institutional Investor Conference on March 6
Cboe
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.
The webcast and replay of the presentation will be accessible at www.cboe.com in the Investor Relations section, under Events and Presentations. The archived webcast is expected to be available within an hour of the presentation.
/jlne.ws/3Y7zxBx
Derivatives Holiday Trading Days (Scheduled) in 2024
JPX
Osaka Exchange, Inc. (OSE) and Tokyo Commodity Exchange, Inc. (TOCOM) announce the scheduled derivatives holiday trading days in 2024 as follow website. (The finalized dates for the first half and second half of the next year shall be announced in June and December respectively.)
/jlne.ws/41wwC8w
| | | | | | Regulation & Enforcement | | | CFTC Picks Former Cybercrime Prosecutor as Enforcement Chief; Ex-Manhattan prosecutor's experience points to commission's growing focus on digital-asset risks
Dave Michaels - The Wall Street Journal
The Commodity Futures Trading Commission hired a former cybercrime prosecutor who oversaw some early federal cases involving cryptocurrencies as its enforcement chief, the latest example of regulators adapting to the risks posed by digital assets and other financial innovations. In his new post, Ian McGinley oversees a team of 120 civil-enforcement attorneys who investigate fraud and misconduct in futures markets tied to energy and agricultural commodities, as well as the newer world of digital assets that qualify as commodities, CFTC Chairman Rostin Behnam said Monday in an interview.
/jlne.ws/3IFgU2t
SEC Adopts Final Rules to Shorten Standard Securities Settlement Cycle From T+2 to T+1
Steffen Hemmerich, Tim Nagy and Anna Pinedo - TABB Forum
On February 15, 2023, the U.S. Securities and Exchange Commission (the "SEC" or the "Commission") issued Release No. 34-96930 (the "Adopting Release"), containing final rules (the "Final Rules") that will shorten the standard settlement cycle for broker-dealer transactions in securities from the current two business days after the trade date ("T+2") to one business day ("T+1"). 1 The Final Rules take into consideration comments to the SEC's previously proposed rules (the "Proposed Rules") in Release No. 34-94196 (the "Proposing Release") issued on February 9, 2022.2 The Final Rules are part of a series of rule proposals advanced by the Commission in the aftermath of the "meme stock" events in early 2021. The compliance date for the Final Rules is May 28, 2024.
/jlne.ws/3ZqeVFR
| | | | | | Technology | | | Trading Technologies partners with Bantix Technologies to provide QuikStrike options suite through TT platform
Trading Technologies; Bantix Technologies via PRNewswire
Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and Bantix Technologies, LLC an options software development company, announced today that the firms have partnered to make QuikStrike, Bantix's options analysis software application, available via the TT platform. The move brings TT users trading listed derivatives, including options on futures, a suite of new capabilities to enhance and streamline their trade execution workflow, including options pricing, sophisticated analytics and data retrieval, historical volatility tools, risk analysis, custom reporting and comprehensive market information.
/jlne.ws/3IZjC49
| | | | | | Moves | | | Blake Brockway is starting a new position as associate general counsel futures and swaps at TP ICAP. Brockway has also served at OCC and NFA. ~JJL
| | | | | | Strategy | | | May OTM Calls
Cboe (Video)
Tim Biggam @Delta_Desk looks at $VIX derivatives volumes and term structure in today's #Vol411. #options #futures #trading
/jlne.ws/3ZaBtuD
| | | | | | Miscellaneous | | | Goldman Sachs Investor Day Starts With Report on Solomon's Performance
Sridhar Natarajan - Bloomberg
Goldman Sachs Group Inc. gave shareholders a report card of Chief Executive Officer David Solomon's performance, hinted at a further dismantling of the consumer business and offered an upbeat outlook on the opportunities inside its wealth and asset management business.
Those were among the takeaways from the bank's second-ever investor day, an effort to build confidence in the stock after a dismal 2022 and quell dissatisfaction in the ranks.
/jlne.ws/3KKDDMV
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| | | Jeff Bergstrom
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