| April 21, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
|
| | | | Lead Stories | | | Libor Successor on Cusp of Overtaking Eurodollar Futures Market
Bloomberg Tax
SOFR futures volume almost matched eurodollar activity Tuesday; Options referencing SOFR continue to trail eurodollar options
Eurodollar futures, the world's most widely-traded interest-rate derivatives, are quickly losing market share as activity shifts from Libor to the rate U.S. regulators favor as its successor.
/jlne.ws/3v2YP8Y
This Hedge Fund Manager And Options Expert Offers Advice For Retail Investors On Options
Forbes
Trading among retail investors has soared during the pandemic, sparking the meme stock frenzy that sent names that were favorite short positions among hedge funds, like GameStop and AMC, through the roof. More recently, retail investors have discovered options trading, and the numbers show that more and more of them are trading options.
However, regulators have become concerned that retail traders may be biting off more than they can chew when it comes to trading options. Now one fund manager who focuses his trades on options has some advice for retail investors who are adamant on trading them.
/jlne.ws/3OuYYJE
A Bond Hedge Crushes All Rival ETFs to Post 57% Gain
Katherine Greifeld - Bloomberg
As the bond-market storm intensifies this month, Wall Street traders can find shelter in at least one corner of the $7 trillion U.S. ETF marketplace.
While inflation is igniting big losses across Treasury products of all stripes, the $256 million Simplify Interest Rate Hedge exchange-traded fund (ticker PFIX) is living up to its label with a 57% gain so far this year. It's the best performance among all non-leveraged U.S. fixed-income ETFs, according to data compiled by Bloomberg.
/jlne.ws/3JUjNLn
U.S. economy still growing, leading index shows, but more trouble spots emerge
Jeffry Bartash - MarketWatch
The numbers: The U.S. leading index rose 0.3% in March and signaled the economy is likely to stay in expansion mode through the summer, though more trouble spots have emerged.
Economists polled by The Wall Street Journal had forecast a 0.2% increase.
/jlne.ws/3k2ptIK
| | | | | | Exchanges | | | Position Limit and Large Trader Reporting Requirements in Connection with the Initial Listing of Tuesday and Thursday Options on E-mini Standard and Poor's 500 Stock Price Index Futures
Contracts
CME Group
In connection with the initial listing of the Chicago Mercantile Exchange Inc. ("CME") Tuesday and Thursday Options on E-mini Standard and Poor's 500 Stock Price Index Futures (Week 1 through Week 5) contracts (collectively the "contracts") on trade date Monday, April 25, 2022 (see SER-8963 published on March 31, 2022), please note below and in Exhibit B of CME Submission No. 22-100 the corresponding all-month position limits (Rule 559), aggregation allocations (Rule 559.D) and reportable levels (Rule 561) for the contracts.
/bit.ly/3vAZGg4
| | | | | | Regulation & Enforcement | | | FTX Plan Said to Face CFTC Roundtable Next Month; A proposal from FTX.US on direct derivatives clearing is set to be the focus of public discussion on May 23.
Jesse Hamilton - Coindesk
The FTX proposal to directly clear the trades of its derivatives customers will get an informal hearing on May 23, according to a person familiar with the Commodity Futures Trading Commission's (CFTC) plan. With the 60-day public comment period coming to an end on May 11, the U.S. regulator will invite representatives of the company and others who have a stake in the decision to a public roundtable, said the person, who spoke on condition of anonymity because the event hasn't yet been announced. The open discussion will invite public commentary from proponents and critics without carrying the force of a hearing.
/jlne.ws/3JZEGEI
China passes futures and derivatives law, effective Aug 1 -state media
Reuters
China passed a futures and derivatives law on Wednesday, state broadcaster CCTV said, marking a further step by the country to strengthen control and manage risks of its derivatives market. The legislature approved the law following a meeting held by the standing committee of the National People's Congress (NPC), which will be implemented from Aug. 1, according to Xinhua news agency.
/jlne.ws/3uYhsKS
| | | | | | Strategy | | | Opinion: How to trade this indecisive stock market
Lawrence G. McMillan - MarketWatch
The S&P 500 index has continued to hover just below its still-rising 200-day moving average.
When the S&P first broke down below 4420, it accelerated briefly, giving the bears some fuel. But then it quickly found support and has bounced around in a range that is slightly greater than 100 points for over a week.
A 100-point range is nothing these days, so this is essentially a very indecisive market, marked with some large up and down days, but little change overall.
/jlne.ws/3LaojXp
| | | | | | | | | JLN Options is sponsored by: | | | | | | | | | | | | | | | | | | | |
|
|
| | | |
| | | | 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
| | |
|
|
Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
© 2022 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
